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Employment in 27 sectors rises 3.31 pc in 2022-23: RBI data
The RBI's latest data shows a 3.31% increase in employment across 27 sectors in India, reaching 59.66 crore in 2022-23. Various industries, including agriculture and construction, have contributed to this growth, as outlined in the India KLEMS Database update.
Gujarat received FDI worth USD 7.3 billion in 2023-24, jump of 55 pc over previous fiscal
Gujarat attracted USD 7.3 billion FDI in 2023-24, a 55% increase, ranking second after Maharashtra. DPIIT data highlight this growth. Under PM Modi and CM Patel, policies and cluster-based areas like Sanand GIDC, Dholera SIR, semiconductor plants, financial incentives, and business-friendly measures enhanced Gujarat's infrastructure and ease of doing business.
Cargo traffic at 12 major Indian ports rises 6.8 pc to 69.8 MT in Jun
Cargo traffic at major Indian ports increased by 6.8% in June, with Jawaharlal Nehru Port and Cochin Port showing the highest growth. However, Mumbai Port experienced a decline. Overall, ten ports saw positive growth while two witnessed a decrease.
Life certificate: 6.6 lakh pensioners submitted Jeevan Pramaan through face authentication; how you can submit it
Employee Pension Scheme (EPS): 6.6 lakh EPS users submitted their Jeevan Praman through the face authentication method which reflects a 200% year on year growth when compared to FY 2022-23. In FY 2022-23 2.1 lakh pensioners used the face authentication method. Do note that you need a Aadhaar enabled mobile number to use this method.
8 Best MSI Laptops in India designed to Excel in Gaming and Professional Tasks (2024)
This article lists best MSI laptops that showcases top-performing models designed to cater to gamers, professionals, and casual users alike. Explore laptops equipped with the latest Intel and AMD processors, high-refresh-rate displays, advanced cooling systems, and robust graphics cards. From the lightweight and stylish Modern series to the powerful and gaming-centric Cyborg and Bravo series, each laptop offers unique features and exceptional performance. Whether you are looking for immersive gaming experiences or efficient multitasking capabilities, this curated selection will help you find the perfect match for your needs.
50 pc of Delhi street vendors report significant income loss due to extreme heat: Study
A new report by Greenpeace India and the National Hawker Federation reveals over 80% of Delhi street vendors faced customer decline and income loss during April and May heatwaves.
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World Bank revises India's FY25 growth forecast to 6.6%
The World Bank revised India's FY25 growth forecast to 6.6% from 6.4%, expecting India to remain the fastest growing economy, driven by public and private investment, and rising consumption.
Water situation grim in Marathwada; storage level in 5 out of 11 major dams reaches zero pc
Severe water scarcity grips Marathwada region in Maharashtra as five out of 11 major reservoirs run dry, with Jayakwadi dam at just 4% capacity. Despite dwindling water levels, Latur city avoids immediate water cuts as authorities assure supply for next few months. Efforts underway to improve water infrastructure.
Odisha logs around 61 pc voter turnout in 6 Lok Sabha seats, 42 assembly segments
Odisha recorded a 61.44% voter turnout in six Lok Sabha constituencies and 42 assembly segments. Chief Minister Naveen Patnaik cast his vote at Aerodrome Upper Primary School. The Election Commission data showed peaceful voting with some EVM glitches.
India adds record 10 GW of solar capacity in Q1 2024, marking almost 400 pc YoY increase
This figure represents an almost 400 per cent year-over-year (YoY) increase compared to the over 2 GW installed in Q1 2023, as per the recent Q1 2024 India Solar Market Update from Mercom India Research.
Nalanda Capital sells 1.4 pc stake in Great Eastern Shipping for Rs 190 crore
Singapore-based Nalanda Capital through its arm Nalanda India Equity Fund Ltd sold shares of Great Eastern Shipping Co Ltd through a bulk deal on the BSE. As per the data, Nalanda India Equity Fund offloaded 20 lakh shares, amounting to a 1.4 per cent stake in Mumbai-based Great Eastern Shipping Co Ltd.
Great Eastern Shipping Company Q4 Results: Net profit rises 25% YoY to Rs 905 crore
The company's consolidated revenues during the quarter under review also rose to Rs 1,726.25 crore from Rs 1,550.27 crore in the year-ago period. The company's total expenses declined during the quarter to Rs 784.66 crore from Rs 853.22 crore in the year-ago period.
Lok Sabha polls: Chhattisgarh records 72.8 pc voter turnout, 1.31 pc up from 2019
Chhattisgarh has recorded an overall voter turnout of 72.8 per cent in elections to the 11 Lok Sabha seats, according to poll officials, registering an increase of 1.31 per cent from the 2019 figure. Polling in the 11 Lok Sabha seats of the state was held in three phases - on April 19, April 26 and May 7.
LS polls: Final voter turnout in Gujarat at 60.13 pc; down 4 pc from 2019
Gujarat's voter turnout for 25 Lok Sabha seats was 60.13%, down 4% from 2019. Valsad had the highest turnout at 72.71%, while Amreli had the lowest at 50.29%. The Bharuch and Banaskantha seats saw close battles.
Tata Power plans 66 pc higher capex at Rs 20,000 cr in FY25; to spend 50 pc on renewable energy projects
Tata Power plans a 66% higher capital expenditure of Rs 20,000 crore to focus on energy transition and net-zero emissions. The company aims for 70% capacity from non-fossil-based fuels by 2030.
LS polls: EC puts Gujarat voter turnout at 59.51 pc, says final figure likely to be more
According to Gujarat's Chief Electoral Officer (CEO) P Bharathi, the final voter turnout figures would be available by evening after the addition of postal ballot data. "Polling station-wise data is now being fed into the system and postal ballots are yet to be counted. So there will be a slight increase in the final figure, not much. This 59.51 per cent turnout is almost final," said Bharathi.
68 pc voter turnout recorded in seven Lok Sabha seats of Chhattisgarh
A voter turnout of 68% was recorded in seven out of the 11 Lok Sabha constituencies in Chhattisgarh during the third and last phase of the general elections. Polling took place between 7 am and 6 pm in seven seats - Raipur, Durg, Bilaspur, Korba, Janjgir-Champa (reserved for Scheduled Caste candidates), Surguja, and Raigarh (both reserved for Scheduled Tribe candidates). The highest voter turnout was recorded in Raigarh at 77.02%, while Bilaspur recorded the lowest at 60.5%.
Ind-Ra raises India's FY25 GDP growth estimate to 7.1 pc: Strong government-private investment propel economic momentum
India Ratings and Research (Ind-Ra) has revised India's GDP growth estimate for FY25 upwards to 7.1 per cent, exceeding the Reserve Bank of India's forecast of 7.0 per cent. The agency's outlook is supported by government capital expenditure and a revival in private sector investment. Challenges include uneven consumption demand and export sector obstacles. Despite positive indicators, constraints remain, such as high inflation and geopolitical uncertainties affecting exports.
LS polls Phase-II: 58.59 pc turnout recorded in six seats in MP; fewer women vote
Hoshangabad recorded the highest voting at 67.21 per cent, while Rewa stood at the bottom of the list with a turnout of 49.42 per cent, official numbers showed. Satna, Tikamgarh, Khajuraho and Damoh seats logged 61.93, 60.00, 56.96 and 56.48 per cent turnout, respectively.
Agri exports fall 9 pc to $43.7 bn during Apr-Feb 2024 due to global, domestic factors
India's agriculture exports decreased by 8.8% to USD 43.7 billion in 2023-24 due to the Red Sea crisis, Russia-Ukraine war, and domestic restrictions. Basmati rice exports saw a 22% growth.
India's power consumption rises nearly 10 pc to 70.66 bn units in first half of April
India's power consumption surged by nearly 10% to 70.66 billion units in the first half of April, indicating economic growth and changing consumption patterns. Peak power demand reached 218 GW, up from 206 GW last year, with a projected peak of 260 GW for the summer. Experts attribute the growth to increased energy usage on appliances and expanding electric transport sector.
Pvt equity investment in real estate dips 16 pc last fiscal to USD 3.67 bn: Anarock
Private equity funding in India's real estate sector dropped by 16% to USD 3.67 billion in the last fiscal year, according to Anarock. The decline is attributed to reduced interest from foreign investors due to global economic and geopolitical uncertainties. Domestic investors' share in real estate investments increased to 29%, up from 24% the previous year. The office segment dominated PE transactions, with the GIC-Brookfield REIT deal accounting for a significant portion of the total transaction value.
Maruti Suzuki India total sales rise 10 pc at 1,87,196 units in March
Maruti Suzuki India's March sales grew by 10% to 1,87,196 units. The company achieved a milestone in annual sales, highest yearly domestic sales, and record exports. FY24 showed growth in total sales, domestic passenger vehicle sales, and exports.
India needs to grow at 8 pc on sustained basis to create sufficient jobs: KV Subramanian
India needs to grow at 8 per cent on sustained basis to create sufficient jobs to reduce poverty and inequality, India's executive director at International Monetary Fund (IMF) Krishnamurthy Venkata Subramanian said on Wednesday. India's economy grew by better-than-expected 8.4 per cent in the final three months of 2023 - the fastest pace in one-and-half years.
Retail inflation for industrial workers eases to 4.59pc in January
Retail inflation for industrial workers in India eased to 4.59 per cent in January, mainly due to lower prices of certain food items. The Consumer Price Index for Industrial Workers (CPI-IW) for January 2024 increased by 0.1 point to 138.9 points from December 2023. The housing group contributed 0.48 percentage points to the total change. The index was largely checked by items like onion, potato, tomato, and ginger.
Wipro acquires US insurtech firm Aggne Global for $66 million
Wipro will acquire 60% of the company in an all-cash deal, with an option to purchase the remaining stake over a period of time, as per a stock exchange filing. Revenues of the Aggne Group are $4.5 million for calendar year 2021, $9.1 million for 2022, and $17.9 million 2023.
Blue Star Q2 Results: Net profit jumps 66% YoY to Rs 71 crore
Its revenue from operations during the quarter under review rose 19.47 per cent to Rs 1,890.40 crore. It was Rs 1,582.29 crore in the year-ago period.
Realty firm Signature Global cuts net debt by 66 pc in last six months to Rs 370 cr
Realty firm Signature Global has reported a 66% decrease in net debt to Rs 369.96 crore at the end of the September quarter. The reduction in debt was attributed to funds raised through the company's recent IPO. Signature Global also recorded a 38% growth in sales bookings at Rs 1,861.39 crore in the first six months of the fiscal year. However, the company reported a net loss of Rs 7.18 crore in the first quarter, compared to a net profit of Rs 32.78 crore in the same period last year.
Unemployment rate dips to 6.6 pc in urban areas in April-June 2023: Govt survey
Unemployment rate in urban areas has decreased to 6.6% in April-June 2023 from 7.6% a year ago, according to data from the National Sample Survey Office. The high unemployment rate in the same period last year was due to Covid-related restrictions. Labour force participation rate increased to 48.8% from 47.5% in the same period last year.
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