As we celebrate Independence Day 2024, reflecting on how far the IT sector has transformed from a cost-effective service provider to a centre of innovation, delivering cutting-edge technology solutions worldwide is remarkable. The IT sector plays an important role in driving India’s economic and social progress. The Indian IT industry is a lively and innovative …
India’s wholesale price inflation, as measured by the WPI, registered a provisional rate of 2.04% in July 2024 compared to the same month last year. This positive inflation was primarily attributed to price increases in essential commodities such as food articles, food products, and mineral oils. A closer look at the data reveals that the …
Arisinfra Solutions Limited, a business-to-business (B2B) technology-enabled company operating in a growing construction materials market, has filed the draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO) to raise 600 crore via fresh issue. Arisinfra Solutions Limited has appointed JM Financial …
The Indian textile industry is an important segment of Indian industry and reflects the country’s diverse socio-economic and cultural heritage. The industry has a rich history that is more than 5,000 years old. The industry has undergone significant developments, starting from its modest beginnings as handlooms in villages to large-scale modern-day textile mills. Historical Transformation …
Since gaining independence in 1947, India’s defence sector has evolved significantly, transforming from a nascent industry into a formidable force with advanced technology and growing production capabilities. One of the reasons the Indian defence system has been able to attain its present reputation is the Defence Research and Development Organisation (DRDO), which was established in …
India’s renewable energy sector continues to witness rapid growth, with a significant addition of solar power capacity in July 2024. The Ministry of New and Renewable Energy reported that 1,733.7 MW of solar power capacity was added during the month, bringing the cumulative installed capacity to 87.2 GW at the end of July. In the …
The Indian life insurance sector witnessed a surge in July, with the total annualised premium equivalent (APE) experiencing a substantial 16.9% year-on-year increase. This growth was primarily fueled by the private sector, demonstrating a remarkable 18% rise in APE. Life Insurance Corporation of India (LIC), the country’s largest insurer, recorded a more moderate growth of …
The Quick Estimates of the Index of Industrial Production (IIP) are released monthly on the 12th or the preceding workday if the 12th falls on a holiday. These estimates, which are compiled with a six-week lag, are based on data collected from source agencies, who, in turn, receive the data from producing factories and establishments. …
Since gaining independence in 1947, India has undergone significant economic transformation. This journey from a primarily agricultural economy to a global player in various sectors has been marked by numerous key events and policy changes. Let’s delve into the statistical milestones that have shaped India’s economic landscape over the decades. 1. The Early Years: 1947-1980 …
Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned banks against the risks associated with asset-liability mismatches that could arise from an increased reliance on short-term bulk deposits. He emphasised the need for banks to innovate in attracting deposits, particularly as households increasingly channel their savings into alternative investments. “Alternative investment avenues are becoming …
