Economy

New Delhi: The Unified Payments Interface (UPI) provides an opportunity to other countries to learn from India’s experience and get ideas on how to adopt it in their own countries, said Professor Carlos Montes, Lead Innovation Hub, University of Cambridge Business School here. Professor Montes, who is on a tour to India for attending and

New Delhi:  The Indian pharma sector has grown at 8 per cent CAGR and has also seen a 9 per cent increase in export rates in 2024, according to a report. The report by McKinsey & Company showed that the pharma sector in the country is witnessing rapid production growth. Expanding its capabilities in APIs

New Delhi: For the first time, UPI transactions in the month of January surpassed 16.99 billion and the value exceeded Rs 23.48 lakh crore, marking the highest number recorded in any month, according to the latest government data. For FY 2023-24, the digital payments landscape has demonstrated remarkable expansion. UPI remains the cornerstone of India’s

New Delhi: The government has launched Aadhaar Good Governance portal to streamline approval process for authentication requests. This is in sync with an effort to make Aadhaar more people-friendly, enable ease of living, and enable better access to services for people, according to the Ministry of Electronics and Information Technology (MeitY). S. Krishnan, Secretary, MeitY,

New Delhi: The appointments committee of the Cabinet on Thursday approved the appointment of Finance Secretary Tuhin Kanta Pandey as the new Chairman of the Securities and Exchange Board of India (SEBI). Pandey will assume office for an initial tenure of three years. He replaces current SEBI Chairperson, Madhabi Puri Buch, whose tenure ends on

Bengaluru: India’s largest greenfield domestic cargo terminal (DCT) was launched at the Bengaluru International Airport on Thursday. The Kempegowda International Airport Bengaluru (KIAB/BLR Airport), operated by Bangalore International Airport Limited (BIAL), has partnered with Menzies Aviation for the initiative. BIAL COO Satyaki Raghunath said: “This domestic cargo terminal is certainly one of the best and

Mumbai: SpiceJet’s stock on Thursday took a hit by falling over 8 per cent during an intra-day low as the brokerage firm Nuvama slashed its target price by 14 per cent while maintaining a ‘hold’ rating. At the closing bell, the share saw a slight recovery to close at Rs 44.72, down by Rs 3.25

Seoul: Kia, South Korea’s second-biggest carmaker, said on Thursday it has unveiled its new electric vehicle (EV) models and future electrification strategy at an event in Spain. Kia showcased three key models — the Kia EV4, Kia PV5 and Kia Concept EV2 sport utility vehicle (SUV) — representing its latest electric technology and design innovations.

Johannesburg: India’s developmental journey within a democratic and federal framework could serve as a model for other nations, according to Dr V. Anantha Nageswaran, Chief Economic Advisor (CEA) to the Indian government. Speaking at a seminar here attended by South African and Indian business leaders, Nageswaran said, “India is a country with the largest population

Guwahati:  The World Bank has reaffirmed its positive outlook on India’s economic growth, urging global companies to invest in the country. Speaking at the ‘Advantage Assam 2.0 Business Summit’ here, World Bank Country Director, Auguste Tano Kouame, dismissed worries over short-term fluctuations, calling India “the shining light in the world.” In his address at the