Led by Additional Secretary Mr. Anant Swarup, the Department of Commerce drives initiatives to identify key infrastructure and sectors for India's US$ 1 trillion export goal by 2030.
Happiest Minds Technologies, a big IT company, announced it buying PureSoftware Technologies in Noida for US$ 94.5 million (Rs. 779 crore).
Hyundai Motor India is speeding up its entry into the electric car market. They're going to bring out five new electric car models by 2030, which is two years earlier than they originally planned.
Tesla intends to produce its US$ 25,000 electric car in India and Mexico by 2025, which aligns with Mr. Elon Musk's strategy of maximizing current factory capacity before expansion.
India's services exports surged by 11.4% to US$ 345 billion in 2023, contrasting with China's 10.1% decline to US$ 381 billion, as reported by UNCTAD.
In FY24, the Indian Institute of Technology Madras (IIT Madras) achieved a remarkable milestone by securing 435 patents, more than double the previous year's count of 204. This surge in patent filings ...
REITs and InvITs have amassed US$ 15.60 billion (Rs. 1.3 lakh crore) over 4 years, propelled by SEBI's regulatory adjustments, enhancing retail participation in realty and infrastructure sectors.
Credit card spending surged in FY24, reaching US$ 219 billion (Rs. 18.26 lakh crore), with HDFC Bank leading in card issuances.
Prime Minister Mr. Narendra Modi advocates prioritizing resilient infrastructure to tackle rising natural disasters, emphasizing the need for global collaboration at the CDRI.
India-UAE trade has surged by 15% since May 2022 due to the free trade agreement, with both countries aiming to surpass US$100 billion in non-oil trade by 2030 through CEPA.
Reliance Jio surpasses China Mobile to become the top global mobile operator in data traffic consumption, hitting 40.9 exabytes in the first quarter of 2024.
India ranked 4th globally in military spending, allocating US$ 83.6 billion for modernizing weaponry and combat systems, per the SIPRI report 2023.