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India's PLI schemes to boost revenue of 720 companies by USD 459 billion o
Updated : 1 year, 2 months ago IST
The central government's Production-Linked Incentive (PLI) schemes could generate an incremental revenue of USD 459 billion over the next 5-6 years across more than 720 companies, according to a report by Goldman Sachs.
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Rupee will marginally depreciate against USD in CY25, will outperform many
Updated : 1 year, 2 months ago IST
The Indian Rupee (INR/RS) depreciated by 2.8 per cent in CY24 but still outperformed many of its peers. The Reserve Bank of India (RBI) has actively intervened in the forex market to manage currency fluctuations.
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India's share of global trade in textiles and apparel stand at 3.9 per cen
Updated : 1 year, 2 months ago IST
India's textile and apparel sector has posted a remarkable growth in exports during the first half of FY 2024-25, with total exports reaching USD 21,358 million, marking a 7 per cent increase compared to the same period last year.
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India extends USD 500,000 aid to earthquake-hit Vanuatu
Updated : 1 year, 2 months ago IST
India announced immediate relief assistance worth USD 500,000 on Thursday, to Vanuatu in the wake of a devastating earthquake, the Ministry of External Affairs (MEA) said.
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India's Alternative Investment funds may cross USD 2000 Bn by 2027 from US
Updated : 1 year, 2 months ago IST
The landscape of alternative investments in India is undergoing a significant transformation driven by the rapid rise of high-net-worth individuals (HNIs), says a report by Avendus.
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RITES receives order worth USD 9.7 million from Guyana
Updated : 1 year, 2 months ago IST
State-owned company RITES Limited has bagged an order for upgrading of a creek highway in Guyana worth staggering USD 9.7 million (excluding taxes), as per a stock exchange filing Wednesday.
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Market capitalisation of NSE increased to USD 5.13 tn, up 21.5% in 2024
Updated : 1 year, 2 months ago IST
The Indian stock market witnessed substantial growth in 2024. The National Stock Exchange's growth across listings, market capitalisation, investor participation, and funds mobilisation is better than the previous year.
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Pakistan's textile exports face setback, fall short of USD 17 billion amid
Updated : 1 year, 2 months ago IST
2024 has been a challenging year for this crucial sector, often referred to as the backbone of the nation's industrial economy.
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India emerges as a global leader across key sectors in 2024
Updated : 1 year, 2 months ago IST
India's pharmaceutical exports soared from over USD 15 billion to USD 28 billion in the decade ending FY24, powered by initiatives like the Production Linked Incentive (PLI) and Bulk Drug Parks.
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FPI inflows decline 99 pc in 2024 to Rs 2026 cr from Rs 1.71 lakh crore in
Updated : 1 year, 2 months ago IST
India experienced a drastic drop in Foreign Portfolio Investment (FPI) inflows in 2024, with net investments falling by 99 per cent compared to the previous year, according to data from the National Securities Depository Limited (NSDL).
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India's CAD projected at 1 pc of GDP for FY2025: CRISIL Report
Updated : 1 year, 2 months ago IST
India's current account deficit (CAD) remained largely stable at USD 11.2 billion, or 1.2 per cent of GDP, in the second quarter (Q2) of fiscal 2025, compared with USD 11.3 billion (1.3 per cent of GDP) in the same period last year.
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US Court upholds sexual abuse verdict against Donald Trump
Updated : 1 year, 2 months ago IST
A US appeals court on Monday (local time) upheld the jury's verdict of USD 5 million against President-elect Donald Trump for sexually abusing writer E Jean Carroll in 1996 and denied a retrial, CNN reported.
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