Economy

Mumbai: The media and entertainment sector contributes $20 billion to the GDP today and we must aim for $100 billion dollar, and eventually, a $1 trillion ‘Orange Economy’ by 2047, which will resonate with the dream of Prime Minister Narendra Modi, global business leader and Biocon founder, Kiran Mazumdar Shaw, has said. ‘Orange Economy’ or

Thiruvananthapuram: Gautam Adani, Chairman of the Adani Group, on Friday said he is grateful to Prime Minister Narendra Modi and Kerala Chief Minister Pinarayi Vijayan for their support towards building India’s first deep-sea automated port which is a future global transshipment hub, adding that together, “we sail towards a stronger, bolder India”. This is a

Thiruvananthapuram: Prime Minister Narendra Modi dedicated to the nation ‘Vizhinjam International Deepwater Multipurpose Seaport’ worth Rs 8,900 crore on Friday. Kerala Chief Minister Pinarayi Vijayan and many dignitaries were present on the occasion. After dedicating the ambitious seaport to the nation, PM Modi called it a significant achievement in India’s maritime capacity and said, “This

Thiruvananthapuram: The idea and efforts of establishing a deep-sea port at Vizhinjam dates back to 1991. Over the years, multiple attempts were made to initiate the project, but it faced several challenges, including security concerns and legal disputes related to bidding and lack of investor interest. In August 2015, the Kerala government signed an agreement

New Delhi:  India’s Goods and Services Tax (GST) collections surged to a record high of Rs 2.37 lakh crore during April, which represents a 12.6 per cent increase from Rs 2.10 lakh crore in the same month last year, official figures showed on Thursday. The increase in GST collections was driven by the higher level

New Delhi: The number of daily Unified Payments Interface (UPI) transactions in the country rose to 596 million in April, up from 590 million in March, according to National Payments Corporation of India (NPCI) figures released on Thursday. Transactions worth Rs 24 lakh crore were carried out in April, down from Rs 24.8 lakh crore

Mumbai: The Securities and Exchange Board of India (SEBI) has proposed a new rule that could make it compulsory for certain key shareholders to hold their shares in demat form before a company files for an initial public offering (IPO). In a consultation paper, the capital markets regulator said the rule would apply to directors,

Ahmedabad:  Gautam Adani, Chairman of the Adani Group, on Thursday hailed thousands of workers, especially unsung heroes who keep the Adani Portfolio of companies running. On the occasion of Labour Day, the billionaire industrialist shared his deepest respect and gratitude to each of those workers. “On this Labour Day, I bow to the countless hands

Mumbai:  The domestic benchmark indices opened flat on Wednesday amid mixed global cues and geo-political tensions, as selling was seen in the PSU bank and financial service sectors in the early trade. At around 9.32 am, Sensex was trading 7.72 points or 0.01 per cent down at 80,280.66 while the Nifty climbed 1 point or

New Delhi: Union Commerce and Industry Minister Piyush Goyal has said there is bright future ahead for the India-UK partnership, and he looks forward to tangible outcomes of their shared vision. The Commerce Minister is on a five-day visit to London, Oslo and Brussels this week, for strengthening India’s trade and investment relations with the