Category: Economy

Barely a month after the Reserve Bank of India (RBI) warned of a contagion, lenders, especially non-bank financiers, have also started witnessing stress in their collateral-backed secured loan books. Early signs of stress are visible in micro-loans against property (micro-LAP), and lending for two-wheelers and some other vehicle categories, according to experts. It is more […]

India has made strides in boosting domestic electronics manufacturing, with programmes like Make in India and Digital India playing crucial roles. The domestic production of electronic goods grew significantly, with a remarkable reduction in smartphone imports. However, the industry has focused primarily on assembly, with limited advancements in design and component manufacturing, representing only 4% […]

Net profit of ICICI Lombard General Insurance Company rose 67.89% to Rs 724.38 crores in the quarter ended December 2024 as against Rs 431.46 crores during the previous quarter ended December 2023. Sales rose 17.20% to Rs 5045.17 crores in the quarter ended December 2024 as against Rs 4304.81 crores during the previous quarter ended […]

More than 1.7 million employees have opted for a higher pension under the Employees’ Pension Scheme (EPS-95) following a landmark Supreme Court ruling. The ruling allows eligible employees to contribute to the scheme based on their actual salary, rather than a fixed cap. The EPS-95, a social security scheme for organized sector employees, has traditionally […]

Ahmedabad: Gujarat, known for its industrial prowess, faces a stark challenge with the closure of 5,974 micro, small, and medium enterprises (MSMEs) between July 2020 and November 2024. Data from the Union Ministry of Commerce and Industries, presented in Parliament, places Gujarat third in MSME closures after Maharashtra (15,220) and Tamil Nadu (7,894) during the […]

Mr. Goyal said that the district master plan will be expanded to cover more than 750 districts across the country in the next 18 months. Commerce and Industry Minister, Mr. Piyush Goyal on Tuesday launched a district master plan under the PM Gati Shakti initiative for infrastructure planning in 27 aspirational districts of the country. […]

Sources said that presently, as many as 130 textile factories owned by Surat textile players are situated on Navapur, MIDC (Maharashtra Industrial Development Corporation) premises. With the Gujarat Government set to announce the new textile policy, industry players in the city are hoping that their demand for capital and power subsidy will be met to […]

Gujarat is emerging as India’s primary semiconductor centre, with major investments being attracted by policy support, abundant land, power, water resources, and a strong chemical industry. At 920 sq. km—twice the size of Mumbai—Dholera is India’s marquee 21st-century urban experiment. Lying along the Delhi-Mumbai Industrial Corridor (DMIC), which will link India’s political capital Delhi with […]

SME IPOs show potential for long-term value despite regulatory concerns. ETMarkets’ analysis reveals that 55 out of 105 IPOs from the past year delivered multi bagger returns, with an average appreciation of 373%. Analysts stress the importance of fundamental analysis amid high returns and regulatory scrutiny. The hype around the SME IPO market and the […]

Maharashtra continues to attract significant foreign direct investment, securing $8.5 billion in the June quarter. Despite this, the State is seeing a slowdown in project investments compared to States like Gujarat and Jharkhand. Maharashtra’s FDI inflows are bolstered by the presence of major business headquarters, contributing to its 31% share of national FDI equity inflows. […]