Fruit for thought: Farmers turn to cultivation of exotic varieties
These fruits offer up to 50% higher returns than other local fruits, according to experts. Over the last five years, farmers and entrepreneurs have realized the potential for exotic fruits and new varieties for both domestic and international markets, said Purnima Khandelwal, chief executive of InI Farms, a large exporter of horticulture products. Key Points
Economic TimesTop 10 Fastest growing Major Economies In The World 2024: India Beats US, China In This Ranking! Check List
Top 10 fastest growing major economies 2024: Which are the top 10 fastest growing major economies in the world? This is one ranking in which India beats the United States of America and China! For the purpose of arriving at the list of the fastest growing major economies for 2024, EY has short-listed the world’s top 25 largest economies in the world by nominal GDP size. These economies have then been ranked in terms of the highest GDP growth rate for 2024 as projected by the International Monetary Fund (IMF) in its latest World Economic Outlook. We take a look at the top 10 fastest growing major economies in the world for 2024: (AI image) Key Points
Times Of IndiaEntrepreneurs are returning from Europe-US to be part of India's growth story: Ex-NASSCOM chairman
Indian entrepreneurs from Europe and the US are returning to India due to the country's growing economy and large opportunities, according to Saurabh Srivastava, co-founder of the National Association of Software and Services Company (NASSCOM). Srivastava believes that the Indian economy should grow at double-digit rates, with a million startups to drive economic growth. Key Points
Economic TimesUS approves long-range missile deal with Japan amid China's growing military clout
The US has approved a $2.35 billion sale of 400 Tomahawk missiles to Japan, as Tokyo seeks to bolster its defenses in the face of China's growing military prowess. Key Points
India TodayIndia will need 2,840 aircraft over 20 years: Airbus chief
India Business News: India's civil aviation market is projected to require 2,840 new aircraft, 41,000 pilots, and 47,000 technicians over the next two decades. With a 6.2% annual growth rate and significant investments in airport infrastructure, India is set to become the fastest growing aviation market in the world. Airbus, the leading aerospace company, recognizes India's potential as a major player in global civil aviation. Key Points
Times Of India
Samvat 2080: Why Reliance & Poonawalla Fincorp are top picks for Dharmesh Kant
“Any cut in the interest rate will further fuel the lending side of the business and that is the reason why we have picked it up. From a target perspective, around Rs 450 is the target we are expecting on Poonawalla Fincorp from at least a year of holding. Price to book, it is expensive but that is how it is with the companies which are growing at a scorching pace.” Key Points
Economic Times'Prosper’: Know megachurch drama series’ storyline, cast and what we know so far
Stan and Lionsgate unveil 'Prosper,' a megachurch drama series. It stars Richard Roxburgh and Rebecca Gibney. The show, which is set in a rapidly growing megachurch, delves into power and privilege. Key Points
Economic TimesUttarakhand residents reach Nepal to shop tomatoes
The high prices of tomatoes in India, with prices ranging from Rs 120- Rs 130, have forced residents of Dharchula and Banbasa to cross into Nepal to buy them for just Rs 62- Rs 69. The Nepalese government has encouraged farmers to diversify from growing grains to vegetables, which has resulted in an increase in the growth of seasonal and non-seasonal vegetables. The farmers in Nepal were provided with seeds, fertilizers, polyhouses, and other agro-subsidies. Key Points
Economic TimesThe growing weight of India-US ties, in charts
Narendra Modi’s visit to the US comes at a significant time, a year before both countries are set to go to polls. A look at the various facets of the growing bilateral partnership. Key Points
mintI learned how to read when I was 13. I'm visually impaired and just got my Ph.D. at 36.
The author has macular dystrophy, a degenerative eye disease with no cure. She taught herself how to read at age 13 and received her Ph.D. in 2022. Key Points
Insider
How should you plan your investments to generate a good monthly income after retirement? Amit Kukreja ans
If the person's cost of living today is 1 lakh rupees a month, we want to ensure that his lifestyle is not getting impacted during his retirement years. So at 60 his inflation adjusted cost which is 1 lakh in today's term needs to be adjusted for the inflation at the age of 60 and we have to ensure that the lifestyle remains the same. Key Points
Economic TimesMIT engineers ‘grow’ atomically thin transistors to make super dense computer chips
MIT researchers have developed a method to "grow" 2D transistors on a silicon wafer at relatively low temperatures. This could help manufacture denser and more powerful computer chips in the future. Key Points
The Indian ExpressIndia's CV market to hit new peak in FY24, outlook strong: Ashok Leyland
After hitting a multi-year low in FY21 due to the pandemic, India's truck and bus market has been growing in the last couple of years. In FY23, it surpassed the FY18 peak with 962,000 vehicles. It had sold 856,000 in FY18, according to the Society of Indian Automobile Manufacturers. Key Points
Economic TimesAfter Ukraine missile alerts, Lviv mayor says four wounded, number growing
At this moment it is known that four are wounded as a result of rocket fire. The number is increasing. The data is being verified, Mayor Andriy Sadovy said in a post on his Telegram channel. He added that one person in a serious condition had been transported by ambulance. Key Points
Economic Times5 dead, dozens believed missing after 3 boats carrying migrants sinks off Tunisian coast
Five Africans lost their lives after a boat carrying migrants sank off Tunisian coast. Navy units had rescued 73 migrants after the three boats sank, but survivors’ accounts indicated as many as 47 others were missing. Six of the missing were reported to be children. Key Points
India Today
'Federalism weakened': On Budget 2024, Chidambaram says flaw in NDA’s approach to economy, governance is...
Budget 2024: Former Finance Minister and Congress leader P Chidambaram said the fundamental flaw in the NDA’s approach to the economy and governance is that it is biased in favour of the rich. He also spoke about “boastful claims by the government...” Key Points
mintTCS looks to double staff in France over next three years
India Business News: TCS aims to double its staff in France over the next three years, driven by strong business growth. With over three decades of presence in the country, TCS considers France as one of the fastest growing markets in Europe. Key Points
Times Of IndiaIndia to be one of the rising stars in Asia: Nomura
Despite a slowdown in investment and consumption, coupled with global spillovers leading to disappointing GDP growth of 5.7% in 2024, it is going to be one of the fastest growing economies along with the Philippines in the region . The projection reinforces the popular view of a pause in policy rates by the monetary policy committee this week even as inflation worries continue. Key Points
Economic TimesWill cross $750 billion exports soon: Piyush Goyal
“Data till February shows that we will cross $750 billion of exports in a few days… Both merchandise and services are growing. Services are growing faster,” Goyal said at an event organised by the Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) in Mumbai. Key Points
Economic TimesClimate change is making trees bigger, but also weaker
As global temperatures rise, trees in colder areas are benefiting from an extended growing season. A longer growing season results in thicker growth rings and, as a result, higher overall wood production. Key Points
The Tribune India
Towns a study in aspirational borrowing as overseas education calls
As much as 70-72% of the students funded by Avanse Financial Services in 2023 belonged to tier II-III and beyond, said the education-focused nonbanking financial companys managing director and chief executive, Amit Gainda. He attributes the growing demand to aspiration among youngsters from the hinterlands to access foreign education and have a better standard of living. Key Points
Economic TimesIndia a focus market for us; e-commerce, B2B services propelling growth, says Payoneer’s Gaurav Shisodia
For a small exporter, overseas transactions are tough and expensive. Payoneer says its solutions can simplify the process. Key Points
Economic TimesChina’s grand designs in resource rich Central Asia face local ire
The growing resentment towards China's debt diplomacy and land encroachment in Central Asia has resulted in over 150 anti-China protests in recent years, with Kyrgyzstan being the worst affected, followed by Kazakhstan and Tajikistan. Experts suggest the number could rise due to rising unemployment and state welfare constraints during the pandemic. China's growing investments in the energy, oil, and gas sectors have also drawn criticism. Private Security Companies (PSCs) have been deployed to safeguard Chinese investments, which has raised concerns about their influence. Key Points
Economic TimesIndia growing when world is in stress: CII president-designate
Kolkata, Apr 20 (PTI) Sanjiv Puri, president-designate of leading industry body CII, said that India is growing when the world is going through a phase of stress. Speaking at an event here on Friday night, Puri, also the chairman and managing director of ITC Limited, said that the present juncture is an interesting moment. “CII […] Key Points
ThePrintStay invested, we are not in a bubble zone, but remain watchful: Sumit Poddar, Tikona Capital
Sumit Poddar discusses the mixed outlook of the market, strong SIP flows, Q3 results, opportunities in smallcaps, and his view on the paint sector, including the entry of Grasim and the importance of the distribution side for competition. Poddar also says rather than looking at the size of the company, we are looking at the opportunity that these companies are offering. We are not necessarily buying it because it is either a smallcap or a midcap. Key Points
Economic TimesOil steady as investors weigh US rate cut outlook with Middle East tensions
By Robert Harvey LONDON (Reuters) -Oil prices steadied on Wednesday, stabilising from losses in the previous session, as growing expectations that cuts to U.S. interest rates will take longer than Key Points
ThePrintThe Foods the World Will Lose to Climate Change
Droughts, heat, and extreme weather are pushing crops to their limits. The race is on to innovate faster than the Earth warms. Key Points
WIREDHardship has driven people to risk illegal immigration
It’s often a hazardous journey to a better life in another country, but migration goes on. Swelling global numbers in recent times can be traced to K-shaped economic recoveries from the covid pandemic. Key Points
mintThe Foods the World Will Lose to Climate Change
Droughts, heat, and extreme weather are pushing crops to their limits. The race is on to innovate faster than the Earth warms. Key Points
WIREDETMarkets Fund Manager Talk: Despite a strong rally, this asset manager continues to see opportunities in
Equity as an asset class is only gaining more acceptability with domestic investors which is visible from the continuously increasing SIPs with mutual funds. Even at this, it still makes up to about a mere 4.8% of Indian household savings – which is substantially lower than its global peers. As the GenZ comes into the mainstream, we expect this number to only get better, leading to a much stronger and continued domestic flows. Key Points
Economic Times
US tourists to flock to India this winter
India and the US are expecting a rise in travel between the countries this winter, driven by people of Indian origin. Flight bookings show both nations rank as the leading outbound destinations for each other. Key Points
mintDiwali 2023 Stock Picks: Bharti Airtel, Coal India among top 5 buys from Stoxbox
Stoxbox has selected quality stocks on technical as well as fundamental parameters. The stocks have robust fundamentals and are well-placed to yield good returns for investors in the next one-year time frame. Key Points
mintIndia in a sweet spot given the growing rift between Western nations and China, says economist
Economist Kaushik Basu believes that India is currently in a favorable global position due to the increasing tensions between Western countries and China. He emphasizes the importance of India maintaining its core values of democracy, free media, and secularism, which have always set the country apart. In a world dealing with post-Covid economic and social uncertainties, Basu sees these pillars as crucial for India's continued success. Key Points
Economic TimesIndia will have 230-240 airports by 2030: Jyotiraditya Scindia
In 2013-14, there were 6 crore passengers; now the airlines are carrying about 14.5 crore passengers (annually). Pre-Covid, our high was about 420,000 passengers a day. In the non-peak season this year, we crossed 460,000 on a single day. This indicates a new demand surge in the sector. Also, the fleet size of aircraft grew from sub-400 in 2014 to about 700 now. So, there has been a 75% increase in the number of aircraft in nine years, Scindia said. Key Points
Economic TimesCelltrion launches biosimilar of AbbVie's blockbuster drug Humira in US
South Korea's Celltrion Healthcare has launched a copycat version to AbbVie Inc's Humira at about a 5% discount, adding to the growing competition for the blockbuster rheumatoid arthritis drug in the U.S. Key Points
Reuters
Home prices up 14.7% in June quarter in top cities: Report
While the demand for housing in these cities increased 7.8% year-on-year and 10.4% quarter-on-quarter, supply declined 8.3% on-year and 7.4% sequentially, indicating a tightening of inventory that led to the price rise during the period. Key Points
Economic TimesThis industry needs people joining them as it grows at 8 per cent annually
Green jobs in India are expected to increase by 30 million by 2050, with the demand for green skills reportedly growing faster than the supply. There is a shortfall of ESG analysts and chemical engineers in the financial services and battery sectors. The top five emerging green roles are expected to increase their demand by an average of 15% to 20% each year for the next decade, including sustainability and social impact managers, ESG analysts, governance and compliance specialists, and renewable energy experts. Key Points
Economic TimesShaktikanta Das: Disinflation process likely to be slow, but economy remains among fastest growing in 2023
RBI Governor Shaktikanta Das has said that India's disinflation process is likely to be slow and protracted, despite CPI inflation reaching a two-year low of 4.25%. He believes India will remain among the fastest growing large economies in 2023. Key Points
mint