Economy

Mumbai: Average flat sizes in the top seven Indian cities rose by 8 per cent annually in 2024 – from 1,420 square feet in 2023 to 1,540 square feet in 2024, said a report on Wednesday. The national capital region (NCR) saw the steepest rise at 29 per cent – from 1,890 square feet in

New Delhi:  With an aim to enhance the global competitiveness of India’s diamond sector, the government has introduced the Diamond Imprest Authorization (DIA) Scheme that will be implemented from April 1. The scheme provides a streamlined mechanism for duty free import of natural cut and polished diamonds, thereby promoting value addition and boosting exports, according

Mumbai:  The Maharashtra government has signed a record 31 MoUs with investment proposals worth Rs 6,25,457 crore in the field of steel, metals, renewable energy, infrastructure, cement, Lithium-Ion Batteries and Solar Modules on the sidelines of World Economic Forum summit at Davos. The MoUs were signed on Tuesday in the presence of Chief Minister Devendra

Seoul:  Daemyung Sono Group, a leading condominium and resort company in South Korea, said on Wednesday it is seeking to acquire management control of low-cost carrier (LCC) T’way Air to improve the airline’s operations and financial health. Sono International, the holding company of Daemyung Sono Group, said it is ramping up its engagement with T’way

Davos: The world is at a critical inflection point and 2025 will be a year of enormous consequence, Borge Brende, President and CEO, World Economic Forum (WEF), has said, highlighting the need for new pathways to greater cooperation in an era of heightened geopolitical uncertainty. Speaking at what he described as “one of the most

Davos: India continues to be the world’s fastest-growing major economy but the country will need much bigger structural reforms to further accelerate growth for achieving the goal of becoming a $10 trillion developed economy by 2047, according to IMF Deputy Managing Director Gita Gopinath. The recent moderation in India’s growth trajectory was due to a

New Delhi: PhonePe on Tuesday announced the launch of an extensive campaign around the ongoing Mahakumbh mela in Pragyaraj. The campaign among many exciting things includes – the ‘MahaKumba Ka MahaShagun’ offer, where first-time users attending the gathering in Pragyaraj city can avail Rs 144 flat cashback on their first transaction. The offer is valid

New Delhi:  India’s deal-making landscape witnessed a landmark year in 2024, with a record 2,186 deals valued at $116 billion, marking a 33 per cent increase in volumes and 76 per cent surge in values (year-over-year), a report showed on Tuesday. Driven by India’s status as the fastest-growing G20 economy, with a 7 per cent

New Delhi:  There is a notable increase in planned investments in supply chain management in India, with 67 per cent of surveyed business leaders from large organisations planning to increase their investments in 2025 (with a 17 per cent increase compared to 2024), a report showed on Tuesday. The optimism is driving investment in supply

New Delhi: India is projected to account for 16 per cent of global consumption by 2050, up from 9 per cent in 2023, McKinsey Global Institute said in a report on ‘Dependency and Depopulation: Confronting the Consequences of New Demographic Reality’. Only North America, with a 17 per cent share in 2050, will have a