Finance Minister’s View on GDP Growth: In a recent statement, Finance Minister Nirmala Sitharaman addressed the lower-than-expected growth in India’s GDP for the September quarter, calling it a "temporary blip." She emphasized her confidence that India’s economy will regain strong growth in the upcoming quarters. Despite the slowdown in the second quarter, she highligh

Bharti Airtel Ltd. has emerged as the leader in India’s telecom sector, gaining market share over the past 12 months following tariff hikes implemented earlier. According to the latest data from the Telecom Regulatory Authority of India (TRAI), the country’s mobile sector saw a 14% year-on-year revenue growth, totaling Rs 2.69 lakh crore. During this period, Bharti Airtel reported the highest revenue growth of 19%, while Vodafone Idea Ltd. and Reliance Jio Infocomm Ltd.

The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%. Though a repo rate cu

Hero MotoCorp, one of the largest two-wheeler manufacturers in India, has announced plans to enter the electric motorcycle market, making it the second legacy brand to do so. The company, known for its popular Splendor model, has already established a presence in the electric two-wheeler space with its Vida electric scooter and is now focusing on expanding its EV portfolio. This announcement comes shortly after Royal Enfield's parent company, Eicher Motors, revealed its new EV brand '

The cost of real estate construction in India has risen by 11% over the past year, according to a recent report by Colliers India. This increase is largely attributed to a significant rise in labour costs, which have surged by 25% annually. Labour expenses now account for over 25% of total construction costs, placing additional strain on budgets and operational expenditures. A growing demand for skilled workers, along with costs associated with training, safety, and compliance, has further dr

In his victory speech after the 2024 US presidential election, Donald Trump showered praise on SpaceX CEO and X (formerly Twitter) boss Elon Musk, calling him an "amazing guy" and a "super genius." Trump highlighted how Musk's Starlink satellite internet service had been a lifesaver in the aftermath of Hurricane Helene, illustrating its potential to provide reliable internet connectivity to the remotest areas of the globe. This endorsement has sparked a renew

BSNL, the state-owned telecommunications provider, has reported a significant increase in subscribers for the second consecutive month, defying industry trends as private telecom giants face user losses due to recent tariff hikes. According to the latest data from the Telecom Regulatory Authority of India (TRAI), India saw a net loss of 57.7 lakh mobile subscribers in August, a sharp increase from the 9.2 lakh lost in July. BSNL added 25.3 lakh new users in August, building on a str

Jamshyd Godrej, Chairman of the CII-Sorabji Green Business Centre, has expressed confidence that India can emulate the remarkable economic growth that China experienced in recent decades. Speaking exclusively on Wednesday, Godrej emphasized that achieving such growth rates, similar to China's average GDP growth of 9.91% from 1979 to 2010, is within India's reach. However, he stressed the need for enhanced coordination between Indian industries and the government in policymaking.

Andhra Pradesh's Path to Growth: Andhra Pradesh is set to play a pivotal role in India's growth over the next five years under the seasoned leadership of Chandrababu Naidu. Renowned for his forward-thinking policies and introduction of pioneering technologies, Naidu's leadership is expected to steer the state toward significant advancements. With a recent assembly election victory, the NDA government aims to restore and surpass Andhra Pradesh's p

Revenue officials in NTR district have been issued showcause notices for their negligence in issuing land certificates bearing the image of former Chief Minister Y.S. Jagan Mohan Reddy. This incident has sparked controversy and criticism from the TDP cadre, who have accused the officials of continuing outdated practices despite the recent change in government. The certificates in question were issued by the Mee Seva centre at Dabbakulapalli village in Votsaboyi mandal, raisin

Chandrababu Naidu's reinstatement as Chief Minister of Andhra Pradesh has reignited hopes for the state's financial revival after a challenging five-year period under YS Jagan Mohan Reddy. The previous administration faced severe criticism for its poor financial management, including excessive borrowing and a lack of transparency, which plunged the state into a significant debt crisis. With Naidu back in power, there is a strong focus on correcting these issues and steering Andhra Pra

In a dramatic development, Telangana Chief Minister Revanth Reddy's recent commitment to demolishing illegal constructions has quickly taken a personal turn. Less than 24 hours after Reddy’s bold statement, the Telangana Revenue Department issued demolition notices to properties in the Amar Cooperative Society, Madhapur. Notably, the notices also include properties owned by A Tirupathi Reddy, Revanth’s brother, signaling a significant enforcement action. The demoliti

In recent months, CM Chandrababu Naidu has focused on driving investment into Andhra Pradesh, engaging with global entities such as the World Bank and Brookfield Corporation, and exploring opportunities in EV and alternative energy sectors. His latest push involves a significant meeting with Godrej Industries, where he discussed a potential Rs 2800 crore investment for pesticide manufacturing in Amarava

Andhra Pradesh Chief Minister Chandrababu Naidu is set to make a significant impact on the state's economic landscape with his upcoming visit to Sricity. During this visit, Naidu will inaugurate 15 new companies, which will bring a substantial investment of 900 crore rupees into the region. This initiative is expected to generate approximately 2,740 new jobs, offering a boost to local employment and signaling a strong commitment to economic development. The inauguration event wi