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 …
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 …
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. …
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 …
India is poised for a substantial increase in power generation capacity, with a projected addition of 3,37,900 megawatts (MW) by 2032. Union Minister of State for Power Shripad Naik outlined this ambitious target in a recent Rajya Sabha session. The country has already witnessed impressive growth in power generation over the past decade, with a …
In a groundbreaking achievement, India’s defence exports soared to an unprecedented Rs 21,083 crore (approximately USD 2.63 Billion) in the Financial Year (FY) 2023-24. This remarkable surge marks a substantial 32.5% increase over the previous fiscal year, where the figure stood at Rs 15,920 crore. The recent statistics highlight a staggering 31-fold growth in defence …
The ongoing disparity between deposit and credit growth in the Indian banking sector has persisted even a year after the merger of HDFC and HDFC Bank. Latest data from the Reserve Bank of India (RBI) indicates that while credit expanded by 14% year-on-year to ₹168 lakh crore as of July 12, deposits grew at a …
