[ad_1] NEW DELHI: India has successfully lifted 171 million people out of extreme poverty in the decade spanning from 2011-12 to 2022-23, according to the World Bank‘s latest “Poverty & Equity Brief.”The report reveals that extreme poverty, defined as living on less than USD 2.15 per day, fell from 16.2% in 2011-12 to 2.3% in…
[ad_1] Union Minister Ashwini Vaishnaw Electronics component manufacturers will need to establish in-house design teams and achieve Six Sigma quality standards to benefit from the government’s Electronics Components Manufacturing Scheme (ECMS), Union Minister Ashwini Vaishnaw said on Saturday.Speaking at the launch of the ECMS guidelines portal, Vaishnaw emphasized that while these requirements are not part…
[ad_1] Cholamandalam Investment and Finance Company Ltd, the financial services arm of the Murugappa Group, posted a consolidated profit after tax (PAT) of Rs 1,259.54 crore for the January–March 2025 quarter, marking an 18% increase from Rs 1,065.23 crore in the same period last year.For the full financial year ending March 31, 2025, PAT rose…
[ad_1] Apple produces iPhones in India through Foxconn and Tata Electronics. (AI image) Apple aims to significantly increase iPhone production in India as part of its strategy to diversify manufacturing away from China and protect against uncertainties stemming from US-China trade tensions under the Donald Trump administration.Currently, the company produces approximately 40-43 million iPhones annually…
[ad_1] NEW DELHI: Bharti Airtel‘s about Rs 41,000-crore of adjusted gross revenue (AGR) dues will not be converted into equity automatically as the telco’s application for such conversion will go through a scrutiny at the Department of Telecom (DoT), an official source said on Friday.Bharti Airtel has sought conversion of its AGR dues of around…
[ad_1] HYDERABAD: India’s mid-market GCCs (global capability centres) are experiencing a surge, outshining their peers by unlocking new opportunities. This growth is creating a flywheel effect, allowing them to leverage a diverse talent pool. India has over 480 mid-market GCCs, with 2.1 lakh employees, as shown in a Nasscom-Zinnov report. Mid-market GCCs are capability centres…
[ad_1] NEW DELHI: It may be ‘Advantage India’ for iPhone manufacturing post the US-China tariff war, but Apple does not have any plans to shift production of MacBooks and iPads to India in near future.This is due to the small size of domestic consumption and complexities in setting up supply chain ecosystem, sources have said.However,…
[ad_1] Top 10 Largest Economies In The World 2025: What are the 10 largest economies in the world? Did you know that India, which currently stands at the 5th position, will soon become the world’s 3rd largest economy by overtaking Germany and Japan? India is the world’s fastest growing major economy and its nominal GDP…
[ad_1] NEW DELHI: Reliance Retail Venture Ltd (RRVL), the retail division of Reliance Industries on Friday reported a 29.1% rise in net profit to Rs 3,545 crore for the March quarter of FY25. The company’s gross revenue also increased by 15.65%, reaching Rs 88,620 crore.For the financial year ending March 2025, the gross revenue increased…
[ad_1] India’s economy could expand by 6.5% in the current financial year, supported by falling crude oil prices and manageable inflation levels, despite global trade tensions rising and the international economy slowing down.The EY’s latest Economy Watch report released on Friday outlined four key global factors shaping India’s growth outlook: reduced exports, a global slowdown,…
