Gujarat's GIFT City to be one of the top global financial centres in coming years: CM Patel
Gujarat Chief Minister Bhupendra Patel has said that the Gujarat International Finance Tec (GIFT) City is poised to become one of the world's premier international financial centres in the coming years. The GIFT City, located in Gandhinagar, is undergoing massive infrastructure expansion after which the total land area will reach around...
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Mercedes Benz lines up Rs 200 cr investment, to launch over 12 products in 2024
09 January 2024 | PTI -
Business brief
09 January 2024 | Agencies -
Gold slips Rs 250; silver slumps Rs 400
09 January 2024 | PTI -
MF industry assets surge by Rs 11 lakh crore in 2023, crosses Rs 50 lakh crore mark
09 January 2024 | PTI -
Agri exports likely to double to USD 100 bn by 2030: Commerce Secretary
09 January 2024 | PTI -
India's coal import rises 11.7 per cent to 21 MT in Nov
09 January 2024 | PTI -
ONGC starts oil production from delayed USD 5 billion deep-water project
09 January 2024 | PTI
K-shaped recovery narrative flawed and prejudiced: SBI report
The repeated argument that India witnessed a K-shaped recovery post-pandemic is “flawed, prejudiced, and ill-concocted”, said a research report by SBI on Monday. According to the report, post-pandemic, households are reconfiguring their savings towards physical assets, including real estate, it said. "The oft-repeated conundrum debating a K-shaped recovery post-pandemic seems at best...
DGCA revises duty time limitations norms for flight crew, raises weekly rest periods to 48 hrs
Aviation safety regulator DGCA on Monday came out with revised Flight Duty Time Limitations (FDTL) norms for flight crew, entailing increased weekly rest periods to 48 hours, extension of night hours, and limiting the number of night landings to only two as against six earlier. These regulations have been instrumental in...
Sensex, Nifty tumble nearly 1 per cent on global weakness
Equity benchmarks Sensex and Nifty surrendered early gains to close with deep losses on Monday, snapping their two-day winning streak as investors pared exposure to banking, metal and FMCG stocks amid a weak trend in global markets. The 30-share BSE Sensex tanked 670.93 points or 0.93 per cent to settle at...
India-Maldives diplomatic row: EaseMyTrip suspends flight bookings to island nation
Amid the India-Maldives diplomatic row, EaseMyTrip on Monday said it has suspended all flight bookings to the island nation on its website "in solidarity" with India. In a series of posts on social media platform X, EaseMyTrip CEO Nishant Pitti said the "Water & beaches of Lakshadweep are as good as...
Akasa Air completes inspection of its Boeing 737 Max planes; says noadverse findings
Akasa Air on Monday said it has completed a thorough inspection of its entire fleet of in-service Boeing 737 Max planes and that there are no adverse findings. The Directorate General of Civil Aviation (DGCA), on January 5, directed domestic airlines to immediately carry out inspection of emergency exits of all...
Footwear industry to hit $90 billion mark by 2030: Report
Market size of the Indian footwear industry can increase by over three times to USD 90 billion by 2030 provided a host of measures such as a ban on show imports, fiscal incentives, more design centres and Taiwanese contract manufacturers setting up shops in the country are taken, a report...
FPIs infuse Rs 4,800 crore in equities on strong economic confidence
Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven by confidence in the country’s robust economic fundamentals. Additionally, they injected Rs 4,000 crore in the debt market during the period under review, data...
