Entrepreneur India: Page 6

News and Trends

Reliance Retail Gets Major Investment From Reliance Industries Worth INR 4,330 Crore in FY24

Reliance Industries has pushed heavily in their retail presence in FY24 with a total investment of INR 4,330 crore.

News and Trends

Need a Recharge? It Will Burn a Bigger Hole in Your Purse As Jio & Airtel Hike Prices

Reliance Jio and Airtel have increased their tariff plans starting today. The change in pricing of monthly, quarterly, and annual plans will affect all the users of the company.

News and Trends

India's Fast Fashion Industry to Be Worth $50 Billion by FY31: Redseer

India's fast fashion industry enjoyed a growth of 30-40 per cent in FY24 and continues to grow.

News and Trends

June: This Is How PVs Fared This Month

The passenger vehicle sales report for the month of June is out with the number of sold units rising per year.

News and Trends

PMI Rises From 57.5 in May to 58.3 in June: HSBC Report

The HSBC India Manufacturing Purchasing Managers' Index (PMI) for June 2024 indicates a recovery in the Indian manufacturing sector, with the PMI rising from 57.5 in May to 58.3 in June.

News and Trends

JSW Infrastructure To Buy 70.37% Stake in Navkar Corporation

JSW Infrastructure Ltd. has agreed to buy a 70.37 per cent stake in BSE-listed Navkar Corporation for INR 1,012 crore, or INR 95.61 per share.

News and Trends

National Logistics Day: The Indian Chapter

India's logistics sector stands on the brink of transformation, driven by cutting-edge technologies, advancements, and robust infrastructure development.

News and Trends

Two-Wheeler Volumes Expected to Grow 5% Year-over-Year: Report

Automobile wholesale volumes are expected to be mixed in June, with two-wheeler volumes expected to grow 5 per cent year-over-year (YoY), while passenger vehicle volumes are expected to rise 3 per cent YoY. Commercial vehicles are expected to see flat sales growth, while tractor sales are expected to dip.

News and Trends

AWS Committed To Invest $50 Million In Generative AI Initiative for Public Sector

In the public sector, officials are trying to leverage GenAI to enhance their work and become more efficient. However, they deal with various challenges. AWS believes it can help solve these pressing challenges, by unlocking the potential of generative AI and other cloud-based technologies.

News and Trends

Need For Digital Transformation for MSMEs In India: Forvis Mazars Report

There are a total of 63.39 million MSMEs in India with over 99 per cent of them being micro-enterprises contributing 30 per cent to the country's GDP and 45 per cent to its exports. Despite their major game play in the economy these enterprises remain significantly under-digitized.

News and Trends

Whatsapp and Whatsapp Business Dominate MSME Landscape With a 97% Usage Rate: Report

43 per cent prefer UPI at Micro, Small, and Medium Enterprises (MSME) while 38 per cent lean towards Aadhaar Banking for last-mile banking services.

News and Trends

Century Old Britannia Industries Baked its Last Batch of Biscuits in Taratala

Britannia Industries has foreclosed its factory in Taratala, West Bengal after 100 years of manufacturing last Monday.

News and Trends

Rishad Premji Admits FY24 as "The Most Challenging Year" in Company History

Rishad Premji, Wipro's chairman, states FY24 was one of the most challenging years in the company's history with reported revenue of $10.8 billion.

News and Trends

Ashok Soota Sells 6% Stake in Happiest Minds Technologies Worth INR 762 Crore

Happiest Minds Technologies' founder, Ashok Soota, has sold stake in his company worth INR 762 crore.

News and Trends

ICICI Bank Joins the $100 Billion Market Cap Club; Sixth Indian Company To Do So

ICICI Bank Ltd. surpassed a market capitalisation of $100 billion on Tuesday.