Both the Agrawal family and Temasek have signed a term sheet for a stake sale by the Agrawal family

Haldiram

Markets Today LIVE: Markets in India were trading marginally lower on Wednesday

Stock market

Economic Survey had projected a GDP growth of 6.5% to 7%. This was later revised to 6.5% by the finance ministry in November 2024

GDP, India GDP

The head coach of team India, Gautam Gambhir, lambasts Australia's reaction to Bumrah-Konstas banter in Sydney

Bumrah celebrating Khawaj's wicket in Sydney

The government will launch another round of production-linked incentive scheme for the steel sector on Monday.
The 'PLI scheme 1.1' will be launched by the steel minister H D Kumaraswamy.
"Union Minister of Steel and Heavy Industries...will launch 'PLI scheme 1.1' for the steel industry and call for applications...on January 6," the steel ministry said in a statement.
To encourage domestic production of specialty steel and lower imports by drawing in capital investments, the government had earlier introduced the PLI scheme for specialty steel.
The scheme has attracted investments worth Rs 27,106 crore, envisaging creation of 14,760 direct employment opportunities with an estimated production of 7.90 million tonnes of specialty steel.
As of November 2024, companies have already invested Rs 18,300 crore and generated over 8,660 in employment.
The government has been interacting regularly with the participating companies and based on feedback, it was felt that there was a scope to n

The finance ministry has rejected a proposal by the steel ministry to establish a central organisation for the bulk procurement of green steel. It cited that most steel procured for government projects is purchased indirectly through contractors rath

Robust AI server demand led to strong revenue growth for its cloud and networking products division, said Foxconn, whose customers include AI chip firm Nvidia

Foxconn

Challenging the decision of the Biden Administration to investigate the activities of Indian billionaire Gautam Adani and his companies, an influential Republican lawmaker on Tuesday said such selective actions risk damaging critical alliance partners.
In a strongly worded letter to US Attorney General Merrick B Garland, Congressman Lance Gooden, member of the House Judiciary Committee, demanded answers on the Justice Department's selective prosecution of foreign entities and the potential harm such actions pose to US's global alliances and economic growth and that if there is any Geroge Soros connection to it.
The Department of Justice's selective actions risk damaging critical alliances with key partners like India, one of America's strongest allies in the Asia-Pacific region, Gooden said in his letter dated January 7.
Instead of pursuing cases with tenuous jurisdiction and limited relevance to US interests, the DOJ should focus on punishing bad actors at home, rather than chasing

Gautam Adani, Adani

Battery swapping will only increase the cost for a consumer to run the vehicle, say e2W players

electric two wheeler

In smaller Indian cities and towns, where opportunities for advancement are few and dwindling, the nounis emerging as something of a social and cultural phenomenon

Phone, social media, mobile phones

Bahujan Samaj Party chief Mayawati on Wednesday urged the Centre to prioritise national and public welfare over "narrow politics, after the government revised downwards the GDP growth estimate for the current fiscal.
Her remarks came at a time when the Indian rupee has hit a record low of 85.83 against the US dollar, and the GDP growth rate is forecast to drop to 6.4 per cent for 2024-25, the lowest in four years.
"The GDP growth rate is expected to fall to 6.4 per cent. Most newspapers highlighted this as their top news today. The ones who are truly saddened by this are the country's poor and hardworking population, who, despite their tough lives, are not ready to hear any harm coming to their nation," Mayawati said in a post on X.
"The poor may not have a direct connection with the falling value of rupee in the global market, yet they are unhappy about it. The government must respect their emotions, and, setting aside its 24-hour narrow politics, focus on public and national welfa

Mayawati

Arunachal Pradesh Chief Minister Pema Khandu on Wednesday said there has been an increase in the enrolment rate in elementary education and a reduction in the dropout rate at the secondary level in the state.
He said the state has achieved a notable reduction in the dropout rate at the secondary level to 11.7 per cent.
Khandu wrote on X, "Our concerted efforts have yielded remarkable outcomes. The Adjusted Net Enrolment Rate in elementary education has reached an impressive 100 pc. Similarly, the average annual school dropout rate at the secondary level has reduced significantly."
The chief minister credited Team Arunachal for driving impactful changes in the education sector. He highlighted that the initiatives are aligned with the vision of Prime Minister Narendra Modi and the goals outlined in the National Education Policy (NEP) 2020.
"In sync with the grand vision of Hon'ble Prime Minister Shri @narendramodi ji, as brilliantly captured in the new National Education Policy-2020,

Pema Khandu, Arunachal Pradesh CM

The downward revision of GDP growth estimates for the current fiscal calls for radical action to dispel the cloud of growth slowdown and investment chill in the country, the Congress said on Wednesday.
AICC general secretary in-charge communications Jairam Ramesh said it also set a gloomy backdrop to the Union Budget.
He suggested that income support for India's poor, higher MGNREGA wages and increased minimum support prices (MSPs) were the need of the hour, and demanded a drastic simplification of the "comically complex" GST regime and Income Tax relief for the middle class.
In a statement, Ramesh said the advance estimates released by the Union government for GDP growth in the 2024-25 financial year projected a mere 6.4 per cent growth.
"This is a four-year low, and a sharp deceleration compared to the 8.2 per cent growth recorded in FY24 (2023-24). It is even lower than the recent RBI estimate of 6.6 per cent growth which itself marked a reduction from the earlier projection of 

Congress, Congress flag

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Following lower GDP outlook, Mayawati urges govt to focus on public welfare

Increase in enrolment rate in elementary education in Arunachal: CM Khandu

GDP growth cut sets gloomy backdrop to Union Budget, says Congress

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