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BIS working on battery swapping in e-mobility sector, says Director General Tiwari
"For e-mobility, we have already developed several standards. They...
Amid rising HNIs, wealth management firms in India to grow 20%+ over next 3 years: Jefferies
The report also noted that the high-net-worth individual (HNI)...
90% of financial institutions focus on AI, GenAI for innovation: PwC India
"Collaborative innovation is now seen as a key driver for fintechs, enabling faster speed-to-market and delivering tangible benefits like new product offerings, increased productivity, and reduced operational costs," said Vivek Belgavi, Partner and Leader - Fintech,...
India’s household debts surge on back of housing loans, rising trend of unsecured lending
As per the report, as of FY23, India's household debt has reached 38 per cent of GDP, reflecting a growing trend in household leverage. The report noted that the household debt is linked to real estate, such as homes and properties and it is driven by investment...
Combination of EVs, hybrids, plug-in-hybrids will drive India’s clean energy auto sector: Report
As per the report, the Indian EV market has seen tremendous growth. Global EV sales reached 14 million in 2023, with India experiencing a 90 per cent growth rate. By 2030, the Indian government aims for 30 per cent EV penetration, with key enablers like expanded...
India to add 179 million people to its working age population by 2045
India's working age population (age 25-64) is rising as a proportion of the total population which will be a positive for savings and investments as well, according to global investment firm Jefferies New Delhi: India's demographics are in a sweet spot, and the...
FPIs inject Rs 27,856 cr in equities in Sep so far on US rate cut expectations
Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they pulled out Rs 34,252 crore in April-May New Delhi: Foreign investors have infused Rs 27,856 crore in domestic equities in the first fortnight this month, owing to...
India jumps to Tier 1 in Global Cybersecurity Index 2024
India topped the chart for adopting measures like legal, technical, capacity development and cooperation as areas of relative strength. Organisational measures was a listed as an area of potential growth for the country New Delhi: India has jumped to Tier 1 in the...
Average household spending on food less than half for 1st time in modern India
However, this decline was more substantial for the bottom 20 per cent of the households in rural and urban areas. In all likelihood, this reflects the effectiveness of the government's food security policies, which provide free food grains to large numbers of...
August auto sales dip due to excess rainfall, FADA urge banks to tighten funding to dealers
Despite this monthly setback, the sector witnessed a modest 2.88 percent year-on-year (YoY) growth compared to August 2023 New Delhi: Auto retail sales in India experienced a significant decline in August 2024, primarily due to excessive rainfall during this monsoon...
IRDAI approves take over of Aditya Birla Insurance Brokers by Edme
Rs 455 crore deal had got stuck for over 18 months as the IRDA had refused give its approvals in the absence of certain key information about the transaction Mumbai: Allowing the entry of private equities(PEs) in the insurance broking sector, after almost 18 months...
Rare diseases India foundation to form Hunter’s Alliance
``The financial strain on families affected by Hunter's Disease is immense. By roofing the patients under our existing policy, we can foster better treatment coverage and significantly improve their quality of life,” Saurabh Singh, Co-founder and Director of Rare...