News stories about "India" in India.

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Indian retailer DMart posts 17.5% rise in Q1 profit

BENGALURU (Reuters) - India's Avenue Supermarts, the operator of the DMart retail store chain, posted a 17.5% rise in first-quarter net profit on Saturday. It reported a consolidated net profit of Key Points

ThePrint

India poised to be a superpower by 2047 but...: Top economist Martin Wolf on what could trip country's run

Wolf pointed out that for India to emulate China’s impressive economic growth from the two decades before 2012, it would need to significantly accelerate its GDP growth per head from the current 4.8% to 7.5% annually. Key Points

Business Today

A dragon in the room as Modi breaks bread with Putin today

As Prime Minister Narendra Modi breaks bread with Russian President Vladimir Putin at his dacha on Monday, an invisible dragon, and not an elephant, will be in the room. As Moscow's embrace of Beijing gets tighter, India will look to Russia's influence in modulating China's behaviour. Key Points

India Today

Budget 2024 | Incentives for start-ups, ONDC expansion: What Paytm's Vijay Shekhar Sharma expects from Union Budget

Paytm founder Vijay Shekhar Sharma when asked about the high attrition rate in the company said, “All is well and all is rocking.” The fin-tech founder shared his expectations of the upcoming Union Budget 2024. Key Points

mint

India-UK FTA: Dynamics set to change after Starmer-led Labour Party's election victory?

India-UK FTA: Keir Starmer's Labour Party is poised to end the 14-year Conservative Party rule in the UK, with Starmer set to become the next Prime Minister. The change in government is expected to have minimal impact on India-UK relations, particularly concerning the Free Trade Agreement (FTA). Starmer's manifesto pledges to pursue a new strategic partnership with India, focusing on finalizing the FTA, marking a departure from previous Labour Party stances. Despite the anticipated shift, the specific timelines for concluding the FTA remain uncertain. Key Points

Economic Times

T20 World Cup: India bowl England out to win by 68 runs, set up final clash with South Africa on Saturday

​England captain Jos Buttler won the toss and chose to send India out to bat first, with the Rohit-led side managing a 171 run total on the back of sublime performances from the captain and Suryakumar Yadav. All-rounder Hardik Pandya smashed a late 16-ball 23 to set up the chase. ​Chris Jordan was the stand out performer for the Brits, grabbing three wickets in just as many overs, giving away only 37 runs. Key Points

Economic Times

Exporters seek separate division for non-trade issues, faster customs clearance

Exporters requested the establishment of a distinct division within the Commerce and Industry Ministry to address non-trade barriers, particularly those related to environment and sustainability. During their discussion with Union Minister Piyush Goyal, they also highlighted concerns about Chinese goods entering India via the ASEAN free trade agreement. Key Points

Economic Times

Exceptionally hot summer & low reservoir levels to likely impact vegetables, fruit crop: RBI

The Reserve Bank of India (RBI) warned on Wednesday that the exceptionally hot summer and low reservoir levels could stress the summer crops of vegetables and fruits, potentially disrupting efforts to control inflation. Governor Shaktikanta Das highlighted that while overall inflation eased, food prices remain volatile and elevated, complicating the inflation battle. Key Points

Economic Times

The Anglosphere is cornering India on Khalistan. What lies ahead

India faces opposition from developed countries in countering Khalistani separatists, with strong resistance from the Anglosphere. The Five Eyes spy network, including the US, UK, Canada, Australia, and New Zealand, provided intelligence for allegations against India. The Modi government's strong stance on national security complicates ties with countries like Canada, the US, and Australia. Key Points

Economic Times

Mother of all IPOs: Hyundai Motor India files draft papers with SEBI for IPO of almost $3 billion

This IPO would be the first by an automaker in India in over 20 years since Maruti Suzuki went public in 2003. Hyundai is the country's second-biggest carmaker after Maruti Suzuki India. Key Points

Business Today

IndiGo, Air India upgrade playbooks to keep up with India's rising middle class

India's rising affluence is driving a significant shift in the lifestyle of the middle class, with a growing preference for premium products and experiences, both on the ground and in the sky. Airlines are capitalizing on this trend by offering luxurious amenities to cater to the surging demand, such as roomier seats, gourmet meals served on designer tableware, and lavish vanity kits. Key Points

Economic Times

Indian voters reject Modi’s vision for one-party state in win for competitive democracy

To Modi’s critics and opponents, India was on the fast track to becoming a de-facto one-party state. Voters have now changed that. Key Points

CNN

Heatwave kills 56 in parts of India, rain likely in Delhi today

At least 56 people have died in India so far due to heatwave as scorching temperatures swelter most parts of the country. The India Meteorological Department, meanwhile, has forecast that the conditions are expected to abate gradually over the next two to three days and rain is likely in Delhi today. Key Points

India Today

Support to farmers, food security, outdated data — WTO members question India’s agriculture policies

WTO's Committee on Agriculture met last week in Geneva. During this meeting, members could question each other on agricultural policies that potentially impacted trade. Key Points

ThePrint

India leaders to meet on June 1, days before Lok Sabha election results: Report

As per the report, the leaders will review and discuss the coalition's future course of actions. The election results will be declared on June 4. | Latest News India Key Points

Hindustan Times

Esab India Q4 Results Live : profit rise by 5.71% YOY | Company Business News

Esab India Q4 Results Live : Revenue increased by 13.01% YoY & profit increased by 5.71% YoY Key Points

mint

Brazil, Canada, EU urge India to submit timely notifications on sugar subsidies in WTO

A group of WTO member countries, including Brazil, Canada and the European Union, have urged India to submit timely notifications on sugar subsidies in the World Trade Organisation, an official said. The issue came up for discussion during the meeting of the WTO's agriculture committee on May 23-24 in Geneva. Key Points

Economic Times

India seen to emerge as an economic superpower in impending problem-ridden global financial landscape

Global recession risks have diminished, but inflation concerns threaten financial stability. The IMF, World Bank, and rating agencies forecast a slowdown in global growth, citing Middle East conflicts, financial stress, persistent inflation, and reduced international trade as key risks. The IMF's Global Debt Monitor reveals global debt at $235 trillion, or 238% of global GDP, raising fears of a debt crisis. Fiscal prudence may suffer as many nations face elections this year. Key Points

Economic Times

India, UK reaffirm FTA commitment at Strategic Dialogue

The two sides have held 13 rounds of talks on FTA. India and Britain have reaffirmed their commitment to conclude a mutually beneficial free trade agreement (FTA)... Key Points

The Tribune India

Automakers make hay as car leasing gains momentum

The passenger vehicle subscription and leasing models are gradually gaining momentum in the country. To cash in on the growing demand, Kia India is the... Key Points

The Tribune India

India should sign more FTAs, cut tariffs: Niti CEO

India needs to sign many more free trade agreements (FTAs) with other countries and reduce tariffs to compete with the rest of the world, Niti Aayog CEO... Key Points

The Tribune India

Kejriwal, Akhilesh to hold joint press conference today

Kejriwal’s visit come as the India bloc intensifies its campaign against the ruling NDA. AAP UP convener Sanjay Singh will also be present with Kejriwal. Key Points

Hindustan Times

Mann ki Baat: Chandrayaan-3 living example of women power, says PM Modi

Mann ki Baat: Chandrayaan-3 living example of women power, says PM... Key Points

The Tribune India

India showcases its green hydrogen potential at World Hydrogen Summit 2024 in Netherlands

New Delhi [India], May 14 (ANI): For the first time, India has set up its pavilion, at the World Hydrogen Summit 2024, being held in Rotterdam, Netherlands, during May 13-15. The India Pavilion, set up by the Ministry of New and Renewable Energy is said to be one of the largest pavilions at the Summit. […] Key Points

ThePrint

Maldives Defence Minister admits their pilots can't fly aircraft given by India

The Maldives military is facing a capability gap after acknowledging a lack of pilots qualified to operate three aircraft donated by India. This comes just days after the departure of Indian defence personnel who operated the aircraft. Key Points

India Today

Day after mass sick leave by employees, Air India Express fires crew members, cancels 85 more flights

About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday. Key Points

ThePrint

Apple says India is an exciting market and it will have to make more iPhones here

Apple CEO Tim Cook has expressed his enthusiasm for the Indian market, highlighting it as a major focus area for the company. He highlighted the necessity of local production to maintain competitiveness, revealing Apple's goal to expand its operations in India. Key Points

India Today

India growth story to benefit Japan's firms, says Nomura

With the Indian economy maintaining high growth, Japanese corporations are showing more interest regarding investment in India, according to Nomura. Manufacturing sectors have been the main driver of Japanese direct investment in India to date, with transport equipment accounting for 35.1% of direct investment in the country, machinery equipment for 10.5%, and chemicals and pharmaceutical for 6.5% as of end-2022. Key Points

Economic Times

Shaping Indian startups: Top 10 women investors to watch out for in 2024-25

New Delhi [India], April 24 (ANI): The world is celebrating ‘International Girls in ICT Day 2024’ on April 25 this year. Although women now fill 40 per cent of high-skill occupations globally, their participation in ICT-related fields continues to be low. India, which has the world’s 3rd largest startup ecosystem, has seen exponential growth in […] Key Points

ThePrint

Is Maldives vote a victory for India Out?

The absolute majority for Maldivian President Mohamed Muizzu's party, the People's National Congress, in the parliamentary elections is being seen as a setback for India. Experts say it's not a vote against India. However, they warn of the risks of growing Islamic radicalisation. Key Points

India Today

IMF applauds India for maintaining fiscal discipline in election year

Washington, Apr 19 (PTI) The International Monetary Fund has applauded India for maintaining fiscal discipline in an election year, saying that the Indian economy is doing well and continues to be the world’s bright spot. “At this point in time, India’s economy is doing well. Growth at 6.8 per cent is very good. Inflation’s coming […] Key Points

ThePrint

Mann ki Baat: Chandrayaan-3 living example of women power, says PM Modi

Mann ki Baat: Chandrayaan-3 living example of women power, says PM... Key Points

The Tribune India

India-US jet engine deal is revolutionary, says Defence Secretary Lloyd Austin

General Electric signs a memorandum of understanding with Hindustan Aeronautics. The India-US deal to jointly produce fighter jet engines for the Indian Air Force... Key Points

The Tribune India

'India may still be poor': Former RBI guv Subbarao says 3rd-largest economy tag no cause for celebration

With a per capita income of $2,600, India is in the 139th position in the league of Nations in terms of per capita income. And the poorest among BRICS and G-20 nations, he further pointed out. Key Points

Business Today

‘Elon Musk will bring new space revolution in India and boost EV industry,' lauds, DG Indian Space Association

Lt. Gen. AK Bhatt (Retd.), Director General of the Indian Space Association, lauds Elon Musk for pioneering disruptive technologies in space exploration, recognizing his role in democratizing the sector. Key Points

mint

We see 5G adoption happening in India with new use cases: Borje Ekholm, CEO, Ericsson

From a global perspective, we knew India had an unprecedented pace of build-up last year and it was expected that it would come down this year. So that is perfectly in line with what we expected. The interesting thing is we see an adoption of 5G happening in India. Key Points

Economic Times

Govt reportedly expediting Starlink's license ahead of Elon Musk's India visit. All we know so far

Elon Musk to visit India for 48 hours, making key announcements related to Tesla and Starlink. DoT expediting granting license to Starlink service, considering security issues. Musk expected to meet PM Modi and other officials, seeking reduction in import duties on electric vehicles. Key Points

mint

European Union, India join hands to nurture startups in electric vehicle battery recycling field

Collaboration aims to boost the cooperation between European and Indian small and medium-sized enterprises. In a fillip to the country’s Electric Vehicle... Key Points

The Tribune India

IHLD partners with Krafton India to detect active tuberculosis cases in UP, Uttarakhand

India aims at eliminating the disease 5 years ahead of Sustainable Development Goals target of 2030. The Institute of Heart and Lung Diseases Research Centre... Key Points

The Tribune India

India surpasses China's growth rate...it will continue doing so : European Parliament policy expert

India's GDP growth exceeded China's annually for the past few years, with India's growth averaging over 7.5 per cent in 2023, while China's is 5.2 per cent. India's GDP is also expected to reach 7 per cent by 2026, while China is expected to reach 4.6 per cent. The IMF projects China's 2024 growth at 4.6 per cent, declining towards 3.5 per cent in 2028. Key Points

Economic Times

India allows exports of essential goods to Maldives despite strained ties

India has permitted limited exports of essential commodities like sugar, wheat, rice, and onions to the Maldives, despite strained relations between Male and New Delhi due to increasing Chinese influence. The move comes amid Indian restrictions on exports to manage local prices ahead of elections. Key Points

Economic Times

Pakistanis, 1 Indian ‘linked to Hizbul Mujahideen’ arrested while trying to enter India via Nepal

According to Uttar Pradesh ATS, the 3 were trying to enter India to ‘carry out terror activities’. One of them was originally from Kashmir & had ‘crossed into Pakistan after Kargil War’. Key Points

ThePrint

India denies report claiming it assassinated 20 'hostile' individuals in Pakistan since 2019, says its 'fa

The Indian government is accused of orchestrating nearly 20 targeted killings in Pakistan to eliminate threats to national security, including Khalistani separatists. The alleged operations were reportedly carried out by India's Research & Analysis wing with the help of sleeper cells in the UAE. India has denied all these claims. ET Online was unable to verify them independently. Key Points

Economic Times

Tesla on its way in? Temper expectations.

The EV-maker will scout for sites in India for an EV unit. The red carpet worked. While this is good for our EV mission, don’t count on it to advertise India as a cheap manufacturing hub. Key Points

mint

Discovery of India by Indians is an exciting opportunity: Hyatt CEO Mark Hoplamazian

Hyatt Hotels' CEO Mark Hoplamazian is optimistic about India's hospitality market, noting the country's discovery by Indian travelers. With 48 hotels in India and plans for 50 more, including in Goa and Bengaluru, Hyatt aims to tap into India's growing leisure and spiritual travel sectors. Hoplamazian sees potential in brands like JdV and Unbound Collection. Despite global challenges, Hyatt's focus on high-end travelers and wellbeing services has led to record earnings and a robust pipeline, with India playing a key role in its growth strategy. Key Points

Economic Times

Tesla begins making cars in Germany for export to India this year -sources

Tesla has initiated the production of right-hand drive cars at its Germany plant for export to India later this year, according to sources familiar with the matter. A team from Tesla is expected to visit India soon to explore potential sites for a local manufacturing plant, which would require an investment of around $2 billion. India recently reduced import taxes on certain electric vehicles if manufacturers invest at least $500 million in the country and start production within three years, a move that benefits Tesla. Key Points

Economic Times

'Most of you have not experienced hunger...': Narayana Murthy says he starved for 120 hrs while hitchiking in Europe

“Most Indians here and I have received good quality and highly subsidised education from the Indian government. Therefore, as civilised people, we must show gratitude to our nation," he said. Key Points

Business Today

Make for India momentum clearly building, throwing up new investment opportunities: Blackstone COO Jonatha

Fund plans to annually deploy at least $2 billion for next 5 years. But Gray feels taking companies private in India is a big challenge, as is dispute resolution mechanism and M&A completion timelines. Key Points

Economic Times

Tesla to start searching site in India for $2 bn-$3 bn electric car plant: Report

Tesla's reported push into India comes at a time when EV demand is slowing in its main markets of the U.S. and China while competition there is heating up. Key Points

Hindustan Times

India PC market to double in 5 years if economy target met: HP's Dasgupta

PC shipments fell 6.6% year-on-year to 13.9 million units in 2023, including all laptop and desktop sales to consumers and enterprises, due to a post-pandemic lull since PCs are not refreshed as frequently as smartphones. Key Points

mint

Tesla to scout sites in India for $2 bn-$3 bn EV plant

Tesla is set to send a team to India this month to explore potential locations for a proposed $2 billion to $3 billion electric car manufacturing plant. This move follows India's recent reduction in import taxes on certain electric vehicles, provided carmakers invest at least $500 million and initiate domestic production within three years. Key Points

Economic Times

Delhi HC seeks govt, Oppn replies on using India acronym

Delhi HC gives final chance to Centre and 26 Opposition parties to respond in a week on petition against using India acronym. Hearing on April 10. | Latest News India Key Points

Hindustan Times