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Posted in Economy

Is India’s economic growth real? Raghuram Rajan says something is off

Former Reserve Bank of India Governor Raghuram Rajan has questioned whether India’s strong economic growth figures fully reflect conditions on the ground, arguing that weak…

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At $135, SpaceX’s $1.77 trillion valuation — about $1.8 trillion on a fully diluted basis — ranks it among the 10 most valuable public companies in the world. (REUTERS)
Posted in Business

2.5 times more than Saudi’s Aramco: How big is SpaceX’s $75 billion IPO?

SpaceX priced the largest initial public offering in history on Thursday, selling 555.6 million shares at $135 each to raise $75 billion and valuing Elon…

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In a strategic move to attract Foreign Institutional Investors (FIIs), the Indian Government has announced tax exemptions on investments in Government securities (G-secs).
Posted in Business

Government announces tax exemption for FII investments in G-secs: All you need to know

In the last few months, the Indian Rupee has been hitting new lows regularly. Yields on the Government securities (G-secs) have been climbing. Foreign Institutional…

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Union petroleum minister Hardeep Singh Puri fills E85 fuel in a car in New Delhi. (ANI)
Posted in Business

Excise relief for higher ethanol petrol blends

The government has exempted excise duty on up to 30% ethanol component in blended petrol, which, according to experts, will proportionately reduce India’s energy imports…

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B Capital leads SolarSquare’s $50-55 million round at $500 million valuation
Posted in Startups

B Capital leads SolarSquare’s $50-55 million round at $500 million valuation

Mumbai-based rooftop solar startup SolarSquare Energy has raised $50-55 million in a new funding round led by B Capital. The round valued the company at…

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Posted in Economy

BRICS agriculture ministers begin deliberations in Indore on food security, small farmers’ welfare

Indore: A two-day meeting of agriculture ministers from BRICS nations began in Indore on Friday under India’s presidency, with food security, welfare of smallholder farmers…

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Elon Musk's SpaceX is seeking $75 billion in fresh funding as it prepares for what could become the largest IPO in history. (AFP)
Posted in Business

Will SpaceX’s IPO fund life on Mars, and a trillionaire?

SpaceX is launching history’s biggest public listing, propelling Elon Musk‘s wealth into the stratosphere. DW explores whether the firm’s out-of-this-world ambitions are truly cosmic or…

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The domestic momentum follows positive cues from the broader Asian landscape, where GIFT NIFTY traded at 23,464.00, up 0.26 per cent, and the Nikkei 225 surged over 3 per cent to 66,230.00. (PTI)
Posted in Business

Sensex jumps over 900 points, Nifty tops 23,400 as global markets rebound

Indian equity markets staged a sharp recovery on Friday morning as global stock indices turned green, dusting off recent geopolitical cues. The BSE SENSEX started…

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India willing to let fiscal deficit widen to 4.8% of GDP: Report
Posted in Economy

India willing to let fiscal deficit widen to 4.8% of GDP: Report

India is preparing for a wider-than-expected budget deficit this year, Bloomberg News reported on Friday, ‌citing an ⁠official ⁠familiar with the matter, as the war…

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India must expand international trade ties to reach $30 trillion economy vision by 2047: Piyush Goyal

India must expand its international engagement to realise its vision of becoming a USD 30 trillion economy by 2047, according to Union Minister of Commerce…

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