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The Economic Times Tamil Nadu sanctions Rs 29 crore to expand industrial infra in Trichy; footwear park to create jobs
To accommodate growing industrial demand, the Tamil Nadu government is investing ₹29 crore in infrastructure upgrades for the Manapparai Sipcot industrial park. This includes new roads, drainage, and a water supply network. Additionally, a new 100-acre industrial park will be established in Padalur to support the expanding non-leather footwear sector in the region.
The Economic Times Donald Trump's win to cause market volatility, but RBI's key official is hopeful
Donald Trump's election as US President will cause short-term volatility in financial markets, RBI Deputy Governor T Rabi Sankar said. However, India is well-positioned to handle this volatility, he added. Significant funds are expected to flow into India due to its inclusion in global index funds.
The Economic Times Paramesu Biotech files Rs 600 crore IPO papers with Sebi
Paramesu Biotech Ltd, a leading manufacturer of maize-based products, recently filed for an IPO to raise Rs 600 crore. The company plans to use the funds for expansion and debt repayment. Paramesu Biotech has a strong market presence in India and abroad. Its revenue and profits have shown consistent growth in recent years. Pantomath Capital Advisors will manage the IPO.
The Economic Times 200 Indian women entrepreneurs set to raise Rs 850 cr from investors: Goldman Sachs
At least 200 women entrepreneurs in India are poised to raise an estimated Rs 850 crore ($100 million) from investors, helping to expand businesses and create new jobs, Goldman Sachs announced on Friday.
The Economic Times India continued to lead APAC office market activity, driving over 70% of the total demand during Q3 2024
The Asia Pacific office market is expected to witness growth in 2025. Demand for office spaces surged in the third quarter of 2024. India dominated the market, accounting for over 70% of the total office demand. Bengaluru and Hyderabad led the demand in India. Rental rates are projected to rise due to robust demand.
The Economic Times Haldiram Bhujiawala secures Rs 235 crore from Pantomath's Bharat Value Fund; sells minority stake
The funds will be used to expand Haldiram’s manufacturing capabilities and enter new markets. BVF, which recently launched its third fund with a corpus of Rs 2,500 crore, invests in profitable, growth-stage companies. Haldiram Bhujiawala is its sixth investment.
The Economic Times MGL, IBC US sign pact to set up Li-ion battery cell manufacturing facility in India
The move aims to reduce dependency on imports and support the “Make in India” initiative by setting up a giga factory in Bangalore, where prismatic NMC cells will be produced for the mobility and battery storage sectors.
The Economic Times Europe's ESMA wish to audit CCIL 'extra jurisdictional', will never agree to the demand: RBI DG
"There is no way we can agree to that. It is not possible to agree to that without compromising on your sovereignty of, you know, policymaking. There is no way anyone can agree. If other countries have agreed, I do not understand how they have," RBI Deputy Governor T. Rabi Sankar said.
The Economic Times Manufacturing will play pivotal role in shaping Viksit Bharat
It is initiatives like 'Make in India' that have played a pivotal role in boosting the automotive manufacturing prowess, building confidence in local competencies, in local talent pool having global capabilities, positioning India as a potential 'global manufacturing hub'. For instance, we now produce two world-class electric vehicles (EVs) in Pune, the first market outside Germany and the US to accomplish this feat.
The Economic Times Trump's victory may give Starlink and Amazon leverage for India satcom push
A fierce battle is currently underway between Jio and Airtel - and global satellite firms - Starlink and Amazon - over the allocation mode of satellite spectrum and its pricing to support broadband-from-space services.
The Economic Times Fed's Powell says some downside risks to US economy have diminished
Fed's Powell says some downside risks to US economy have diminished
The Economic Times Good for us if China indeed reduces its steel exports after Trump's win: Tata Steel MD TV Narendran
Tata Steel's Managing Director, TV Narendran, expressed concerns over the global steel industry's profitability, stating that current prices are insufficient for companies to invest in planned capacity expansions. He highlighted the impact of Chinese steel exports, often priced predatory low, on global prices.
The Economic Times India may pursue big business deals early in Trump 2.0 government
India is strategically planning to leverage the inauguration of President-elect Donald Trump to secure major deals in sectors like semiconductors and manufacturing. Experts suggest this approach aligns with the 'Make in India-Make for the World' initiative and could create jobs, facilitate technology transfer, and benefit US businesses. However, potential challenges include navigating potential protectionist policies under Trump's 'America First' agenda.
The Economic Times Fed cuts rates, notes labor market easing and solid economic growth
The Federal Reserve has reduced interest rates by a quarter percentage point, citing a cooling job market and progress in controlling inflation. Despite the positive economic indicators, the central bank acknowledges potential uncertainties tied to the recent presidential election.
The Economic Times India should be part of RCEP, CPTPP: Niti Aayog CEO
"India is one of few countries which are not a part of large trade agreements. India should be a part of RCEP (Regional Comprehensive Economic Partnership) and CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) and become a member," Subrahmanyam said at an event organised by industry body Assocham.
