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Latest Articles in Economy

Byju's, Term B Lenders Agree To Alter Loan Terms

Aakash Institute received just Rs 800 crore of the total loan, which was reliant on the edtech company resolving its problems with bondholders and connected to potential equity upside from an IPO

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India's Potential To Disrupt The Next Wave Of Entrepreneurship

If we compare the number of active angel investors in Asia with those in the USA, we get 40,000 and 1.7 million investors respectively, symbolising the void between businesses and investors in India as well

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Biocon Tanks 4% On Account Of USFDA Observations On Malaysian Unit

The Indian biopharmaceutical company Biocon saw its stocks tumble by as high as 4.58 per cent to Rs 251.90 per scrip on Monday as of 11:04 IST on the Bombay Stock Exchange (BSE) compared to the previous close of Rs 262 on Friday

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Israeli Startups To Relocate Over Judicial Reshuffle: Report

Business groups have also cited the proposed changes as the reason for a 70 per cent drop in tech fundraising in the first half of the year, according to media reports

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Increasing The Contribution Of Agriculture In India's Economy

In the fiscal year 1950-51 agriculture sector accounted for 55.4 per cent of GDP but due to less emphasis on modernisation and constant rise of other sectors lead to the decline

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India's Electronics Exports Grow By 56%, Emerging As 4th Largest Export Item

Unless the gems and jewellery segment experiences substantial growth in the next three quarters, electronics is poised to secure its position as the third-largest category of exports in India

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Industry Body Awaits Suspension Of New Drugs & Medical Device Bill In Parliament

Recently in a letter written to the Union Health Minister, Mansukh Mandaviya on the new Drugs & Medical Devices Act 2023, Rajiv Nath, Forum Coordinator, AiMED conveyed the industry's utter shock on seeing the bill being listed to be presented in the parliament for passage without enough discussions or deliberations on the final draft which the industry claims it did not receive from the Ministry after it took suggestions from the industry

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Bain Capital Set To Acquire 90% Stake In Adani Housing, Capital

The primary objective behind this deal is to establish Adani Capital as an independent entity, enabling it to expand its lending operations

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What Happened To The Indo-British Free Trade Deal?

Despite the challenges, the Indo-British agreement holds immense potential for both nations, fostering trade and investment, according to the experts

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Stronger Flavour, Higher Yield Makes Robusta Preferred Choice For Domestic Coffee Market Over Arabica

According to the statistics of the Coffee Board of India, the Robusta beans sold 1,200,000 tonnes approximately in 2022, against 800,000 tonnes of Arabica in the same period

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India’s First Private Hill Station Lavasa Sold To Darwin Platform For Rs 1814 Cr

The NCLT has given its go-ahead to the sale, which includes a payout of Rs 1,814 crore over eight years

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Reconsider 28% GST Imposed On Online Gambling: VCs Write To PMO

The investor group also stated that skill-based real-money gaming is India's largest gaming sub-sector. The tax will perhaps result in a write-off of the USD 2.5 billion in capital invested in this sector

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Govt Likely To Sell Subsidised Tomato On ONDC At Rs70/kg

The selling of tomatoes on ONDC is likely to start in Delhi NCR before spreading to other cities. Quick commerce startups such as Zepto, Blinkit, and Swiggy Instamart sell tomatoes for up to Rs 170/kg

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Glenmark Life Sciences Posts 25% Rise In Q1 Profit To Rs 135 Cr

The Mumbai-based drug maker said profit stood at Rs 135 crore for the quarter ended 30 June, compared with Rs 109 crore a year earlier

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IMF Warns Of Global Food Insecurity Amid Black Sea Grain Deal Termination

The deal, which allowed safe passage for Ukrainian agricultural exports via the Black Sea, was recently scrapped

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