Indian economy, Economy

As India grapples with its unique set of issues and embarks on its journey to become a developed country, comprehensive reforms in the civil service are increasingly imperative: Vision India 2047

Vision India 2047: Revolutionising the civil service for a new era

Business Standard

Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise.
This exceptional year not only reflected the confidence of issuers but also highlighted investors' eagerness to seize listing-day gains or back companies with strong long-term growth potential.
The year was marked by Hyundai Motor India's historic IPO, the largest in the country's history, which raised Rs 27,870 crore.
Companies of varying market capitalisations -- large, mid, and small -- tapped into the IPO route in 2024, with the average issue size rising significantly from Rs 867 crore in 2023 to over Rs 1,700 crore in 2024.
The exceptional vibrancy of the IPO market was evident, with December alone seeing at least 15 launches.
"Rising retail participation, strong domestic inflows and active participation by FPIs (

ipo market listing share market

India and Sweden can deepen their collaboration in innovation and green technology with a focus on addressing global climate challenges through sustainable industrial practices and renewable energy solutions, Swedish officials said.
Officials of the Embassy of Sweden and Business Sweden, during an interaction with PTI, emphasised the shared potential for innovation and large-scale implementation of sustainable practices.
"Sweden is a leader in green technologies while India has unparalleled capacity for large-scale implementation of the same. Together we can explore technologies like green hydrogen, carbon capture and circular economy practices," said Christian Kamill, Deputy Head of Mission, Embassy of Sweden.
He highlighted areas like green hydrogen, carbon capture and circular economy practices as promising avenues for collaboration.
Kamill also pointed to Sweden's strides in renewable energy and transport electrification, noting that over 50 per cent of Sweden's energy already 

Climate change, global warming

The captain has not been in his best touch, particularly while batting at No. 6, raising doubts about his future in Test cricket.

Rohit Sharma

After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20).
However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.
Despite this short-term reversal, the broader December trend remains positive. FPIs have infused Rs 21,789 crore into Indian equities so far this month, reflecting continued confidence in India's economic growth potential and its resilient markets.
FPIs adopted a cautious approach due to the US Fed meeting and uncertainty about 

Foreign portfolio investor exodus: Financial sector bears the brunt, FPI

Reports indicate that three prominent Saudi clubs-Al Ahli, Al Ittihad, and Al Qadsiah-are all vying for the England international's signature in January.

Marcus Rashford

GST Council addresses disaster levy, clarifies tax exemptions, and revises ITC norms, while deferring insurance premium GST cut and key rate rationalisation decisions

GST council meeting

Bihar's Deputy Chief Minister Samrat Chaudhary said another meeting of the GoM is scheduled for January before the proposal is reintroduced to the GST Council

Amid controversy over Home Minister Amit Shah's remarks on Ambedkar, Kejriwal launches Dr Ambedkar Samman Scholarship, pledging support for Dalit students pursuing studies abroad

Kejriwal, Arvind Kejriwal

The accumulated losses of state public sector enterprises (PSEs) rose from Rs 3,953.70 crore in 2020-21 to Rs 4,778.70 crore in 2022-23, while the profit earned by 13 SPSEs stood at Rs 20.21 crore as on September 30, 2023, according to a report by the Comptroller and Auditor General (CAG) on finances tabled in the Assembly on Saturday.
The net worth of nine out of these 14 PSEs has been completely eroded by losses and their worth was (-) Rs 1,932 crore against an equity investment of Rs 2,085.59 crore, while three PSEs have outstanding government loans amounting Rs 3,132 crore, the report said.
Himachal Pradesh State Electricity Board topped the list of loss making enterprises with accumulated losses of Rs 1,809.61 crore, followed by Himachal Pradesh Road Corporation at Rs 1707.12 crore, HP Power Corporation at Rs 552 crore, Himachal Pradesh Power Transmission Corporation at Rs 395.91 crore, HP Financial Corporation at Rs 180.97 crore, State Forest Corporation at Rs 113.04 crore, HPM

The Centre may overshoot the Rs 56,260 crore target for dividend receipts from central public-sector enterprises (CPSEs) set for FY25 and is likely to end up getting around Rs 65,000 crore this financial year, according to a senior government officia

India, US bond yield spread narrowest in nearly 20-yr; Sensex slips below 80K after 4 days of equity selloff

rupee bond

RJD leader Lalu Yadav slammed Union Minister Amit Shah over his remarks on BR Ambedkar; asked him to resign from politics

Lalu Prasad Yadav, Lalu Prasad, Lalu

Trump sparked a debate by claiming many Canadians would support becoming the 51st US state. In November, he reportedly joked about merging the countries during a dinner with Canadian Prime Minister

Donald Trump

Chief of Naval Staff (CNS) Admiral Dinesh K Tripathi hosted a deck reception onboard Indian Navy's indigenous guided missile destroyer, INS Mysore in Jakarta during his four-day official visit to Indonesia.The details of the event were shared on X by the Spokesperson of the Indian Navy."Adm Dinesh K Tripathi, #CNS, hosted a deck reception onboard #IndianNavy's indigenous guided missile destroyer #INSMysore at Jakarta, fostering cultural exchange, friendship  &  camaraderie between #India  &  #Indonesia."The post added, "Adm Muhammad Ali, Chief of Staff, #IndonesianNavy, Senior Military Leadership of Indonesia,  Ambassador of India in Indonesia, and members of the diplomatic community in #Indonesia attended the event. #BridgesofFriendship"The Indian Embassy in Indonesia also shared the details of the Indian Navy Chief's visit.It stated on X, "Very eventful  &  successful goodwill visit of INS Mysore to Jakarta. The 4-day visit saw several high level bilateral engagements ...

Indian Navy chief Adm Tripathi with Adm Muhammad Ali, CoS Indonesian Navy

Asset and wealth management company 360 One, through its four affiliates, acquired 6,44,645 shares in Shoppers Stop via multiple block deals

Market, BSE, NSE, NIfty, Stock Market, investment

The Banning of Unregulated Lending Activities Bill calls for the CBI to handle probes in cases spanning multiple states or UTs

The Centre, in collaboration with states, has proposed to classify unregulated lending as a cognizable and non-bailable offence, with penalties including imprisonment of up to 10 years. The finance ministry has invited feedback by February 13 from st

The official further noted that this year's Budget consultations are particularly significant due to the political outcomes of recent state elections

Nirmala Sitharaman, Nirmala

The latest Economic Survey said, India has to find the right balance between importing goods from China and importing capital (FDI) from China

How policymakers are split over attracting Chinese investment into India

The Opposition Congress has doubled down on its demand for Home Minister Amit Shah's resignation, citing his comments on B R Ambedkar

Rahul Gandhi, Rahul, Congress leader, Priyanka Gandhi, Priyanka

Desh Deepak Verma

Desh Deepak Verma

Desh Deepak Verma

Vision India 2047: Revolutionising the civil service for a new era

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IPO boom: Record Rs 1.6 trn raised in 2024; bigger gains expected in 2025

India, Sweden can strengthen ties in climate solutions: Swedish officials

IND vs AUS: Injury scare for Rohit Sharma ahead of Boxing Day Test

FPIs pull out Rs 976 crore from Indian equities amid rising dollar

Marcus Rashford attracts interest from Saudi clubs ahead of January window

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55th GST Council takes key decisions, defers rate cuts on insurance premium

GST Council defers decision to reduce tax on health, life insurance

Kejriwal launches Dr Ambedkar scholarship amid row over Amit Shah's remarks

FPIs pull out Rs 976 crore from Indian equities amid rising dollar

Losses of Himachal's 30 PSEs rose from Rs 3,953 cr to Rs 4,778 cr: CAG