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Bengal urged to boost electronic manufacturing for digital economy growth

MeitY Secretary, S Krishnan during a meeting at the Merchant Chamber of Commerce and Industry with entrepreneurs, including MCCI President Namit Bajoria, emphasised the importance of digitisation in achieving self-reliance.Read more

IMF projects 6.3% growth for India despite inflation challenges

Contrary to the Reserve Bank of India's (RBI) forecast of 7%, the IMF's growth projection for the ongoing financial year, concluding on March 31, 2024, is slightly lower.Read more

Nirma plans Rs 3,500 cr NCDs issue for GLSL acquisition and business growth

CRISIL, the rating agency, has assigned an “AA” rating to Nirma's proposed NCDs, reaffirming ratings on the company's existing bank facilities and debt instruments.Read more

Zeiss Group forecasts continued double-digit growth in India

Despite the challenges of the previous fiscal year, the group exceeded its target, achieving a turnover of over Rs 1,800 crore.Read more

BCIC advocates manufacturing growth for India's export ambitions

Bangalore Chamber of Industry and Commerce (BCIC) asserted that India's manufacturing sector must increase its contribution to the country's GDP from 16.5% to 20% to achieve the ambitious export target of $8.3 trillion by 2047.Read more

India-Oman free trade agreement set to boost exports, fuelling economic growth

The report, titled "India-OMAN CEPA: Gateway to Middle Eastern Markets and Beyond," by the Global Trade Reproach Initiative (GTRI), outlines the potential impact of the agreement.Read more

IOCL, HWB forge vital partnership for Natural Gas Supply, Driving Green Energy Growth

Officials projected a substantial increase in the gas share of the energy market, rising from 6.2% to 15% by the year 2030.Read more

Gujarat's IT/ITeS sector gears up for transformative growth and global collaboration

In the fiscal year 2021-22, Gujarat achieved a remarkable 14% annual growth in IT/ITeS exports. As part of its strategic plan, the state aims to boost these exports to Rs 25,000 crore over the next five years.Read more

India’s GDP rises by 7.6% in Q2 FY24, manufacturing, construction led the growth

The growth was much higher than expected, mainly driven by investments and government consumption. However, private consumption growth was muted due to weak rural demand and some moderation in urban demand amid elevated inflationary pressures in Q2.Read more

Auto dealers to clock 8-10% revenue growth as volume normalises

Sales volume growth will normalise this fiscal from the 17.3% surge last fiscal, due to the high-base effect (especially in the commercial vehicle [CV] and passenger vehicle [PV] segments) as well as factors specific to different vehicle segments.Read more

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