Economy

New Delhi: India’s GDP has surged from $2.1 trillion in 2015 to an estimated $4.3 trillion in 2025, reflecting an impressive 105 per cent increase, according to inflation-adjusted data from the International Monetary Fund (IMF). The growth trajectory positions India as a global economic powerhouse, poised to surpass Japan in 2025 and Germany by 2027,

New Delhi: In a boost for the ‘Make in India’ initiative, the production-linked incentive (PLI) scheme for telecom and networking products has seen an investment of Rs 4,081 crore (as on January 31), generating total sales of Rs 78,672 crore. It includes export sales worth Rs 14,963 core. Additionally, it has generated employment for 26,351

Mumbai:  The Securities and Exchange Board of India (SEBI) has proposed a change in rules that will allow startup founders to continue holding Employee Stock Option Plans (ESOPs) even after their company goes public. This move aims to provide relief to founders of new-age technology companies who often receive ESOPs instead of cash-based salaries in

New Delhi: India is ranked among the top textile exporting countries in the world with a share of approximately 4 per cent of global textiles and apparel exports, according to information tabled in Parliament on Friday The export of Textiles and Apparel, including Handicrafts, increased by 7 per cent in April-December 2024 compared with the

Mumbai: The Securities and Exchange Board of India (SEBI) has cracked down on multiple companies for misappropriation of funds raised through rights issues in the stock markets, after receiving complaints from whistleblowers. SEBI is reported to have initiated investigations against these companies for the alleged illegal diversion of funds by promoters to their relatives or

New Delhi:  IndusInd Bank has appointed an independent professional firm to investigate discrepancies in its derivative portfolio. Last week, the bank disclosed that it had identified discrepancies in its derivatives portfolio, which could have an impact of about 2.35 per cent of its net worth as of December 2024. In a fresh statement to the

New Delhi:  Led by MSMEs, the IT sector can achieve an ambitious $450 billion services export target in the next financial year, Union Minister of Commerce and Industry, Piyush Goyal, has emphasised. Goyal underscored the critical role of the IT and IT-enabled services (ITES) sector in India’s economic growth. The minister noted that the services

Mumbai: The domestic benchmark indices opened flat on Friday amid mixed global cues, as selling was seen in the IT sector in the early trade. At around 9.31 am, Sensex was trading 7.77 points or 0.01 per cent down at 76,340.29 while the Nifty declined 2.25 points or 0.01 per cent at 23,192.90. Nifty Bank

New Delhi:  The Employees’ Provident Fund Organisation (EPFO) on Thursday announced a net addition of 17.89 lakh members in January this year, which represents an increase of 11.48 per cent over the corresponding figure for December 2024. Further, the year-on-year analysis reveals a growth of 11.67 per cent in net payroll additions compared to January

New Delhi: An S&P Global Ratings report on Thursday projected India’s GDP to expand by 6.7 per cent in fiscal 2025 (year ending March) — the fastest growing economy in the Asia-Pacific region. Stressing that India’s low US exposure reduces trade tariff risks, the report mentioned that domestic focus and strong fundamentals bolster Indian companies’