Adani Defence To Acquire Air Works For ₹400 Crore, Expands MRO Capabilities
Adani Defence & Aerospace announced its acquisition of Air Works, India’s largest private maintenance, repair, and overhaul (MRO) company, for an enterprise value of ₹400 crore.
Indian Markets Open Strong On Positive Global Cues
Asian markets, including Hong Kong, China, Japan, and Seoul, traded in positive territory. In the U.S., the Dow Jones closed at 42,840.26, gaining 1.18%, while the S&P 500 and Nasdaq advanced by 1.09% and 1.03%, respectively.
FDI Flow Into India From Gulf Countries Surges To $24.54 Billion In 12 years
Foreign Direct Investment (FDI) from Gulf Cooperation Council (GCC) countries into India surged to $24.54 billion between September 2013 and September 2024.
CPSEs Report 47% Profit Growth In FY24, Led By Petroleum Sector
The 272 operating CPSEs reported a combined net profit of ₹3.22 lakh crore in FY24, up from ₹2.18 lakh crore the previous year. The petroleum sector drove this surge, with key players posting significant gains.
GST Council Eases Process For Small Businesses And Skill Providers, Clarifies EV Taxation
Finance Minister Nirmala Sitharaman announced key decisions after the 55th GST Council meeting, aimed at simplifying the GST process for small businesses and skill training providers.
India’s SIP Market Records 233% Growth, Boosted By Robust Economic Performance
India's Systematic Investment Plans (SIPs) have seen a massive 233% year-on-year growth in net inflows, highlighting the resilience of the Indian economy despite global uncertainties.
India’s Forest And Tree Cover Grows By 1,445 Square Kilometers, But Concerns Over Quality Persist
India’s total forest and tree cover has grown by 1,445 square kilometers, an area roughly equivalent to the size of Delhi.
India’s Renewable Energy Projects Surges By 63% In 2023: Report
Funding for renewable energy projects in India surged by 63% in 2023 compared to the previous year.
India’s Mobile Subscriptions Value At 115.12 Crore: Centre
The Parliament was informed on Wednesday that the country now has a total of 115.12 crore mobile subscriptions.
India’s Pharma Sector Ranks 3rd Globally; Hits $50 Billion in FY 2023-24: Centre
India's pharma sector has become the third largest industry globally. The pharmaceutical market has been valued at $50 billion in FY 2023-24.
