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Indian Textile Industry Poised for Growth in 2024 Amidst Global Shifts

New Delhi, Sept. 3 -- The Indian textile industry is set to witness notable advancements in 2024, fuelled by a confluence of factors that include rising export demand, resilient consumer spending, and... Read More


World Bank Upgrades India's Growth Forecast to 7% for FY24-25

New Delhi, Sept. 3 -- In a notable revision, the World Bank has upgraded its growth forecast for India, projecting an impressive 7 per cent growth rate for the financial year 2024-25, up from its earl... Read More


Gadkari Advocates for Lower GST on Flex-Fuel Vehicles to Boost Biofuel Adoption

New Delhi, Sept. 3 -- In a move aimed at reducing India's reliance on fossil fuels and promoting biofuels, Union Minister for Road Transport and Highways, Nitin Gadkari, has called for a reduction in ... Read More


India Rises to Global Fintech Powerhouse with 26 Unicorns and Rapid Growth in Startups

New Delhi, Sept. 3 -- India's fintech industry is rapidly cementing its status as a global powerhouse, showcasing remarkable growth and innovation. According to data analysed by JM Financial, the se... Read More


Paysharp Secures RBI Nod, Offers Flat-Rate Payment Solutions

New Delhi, Sept. 3 -- In a significant development for the Indian payments landscape, Paysharp, a burgeoning startup from Tamil Nadu, has received the Reserve Bank of India's (RBI) final authorisation... Read More


RBI Flags Ethical Concerns in Digital Lending Recovery Practices

New Delhi, Sept. 3 -- India's digital lending landscape has evolved significantly, with loan sanctioning and disbursement now predominantly conducted online. However, the Reserve Bank of India's (RB... Read More


Udyam Registration Portal Nears 5 Crore Milestone for MSME Registrations

New Delhi, Sept. 3 -- The governments flagship portal for formalising the Micro, Small, and Medium Enterprises (MSME) sector, Udyam Registration, is close to achieving a significant milestone with nea... Read More


India Reduces Reliance on Chinese Imports of MSME Goods

New Delhi, Sept. 3 -- India's reliance on imports of MSME goods such as leather articles, toys, and musical instruments from China is steadily declining, reflecting the country's efforts to diversify ... Read More


India Boosts Semiconductor Mission with Approval of New Kaynes ATMP Unit in Gujarat

New Delhi, Sept. 3 -- In a major move to strengthen India's semiconductor ecosystem, the Union Cabinet, led by Prime Minister Narendra Modi, approved Kaynes Semicon Pvt. Ltd.'s plan to establish a new... Read More


State Bank of India Shifts Focus to Cash-Flow-Based Lending for MSMEs

New Delhi, Sept. 3 -- The State Bank of India (SBI), the country's largest lender, is set to make a significant shift in its lending strategy by moving from collateral-based lending to cash-flow-based... Read More