Entrepreneur India: Page 9

News and Trends

India's Economy Set to Grow by 7% in 2024-25, Boosted by Strong Industrial and Service Sectors: ADB Report

The central government's debt is expected to decrease from 58.2 per cent of GDP in FY 2023-24 to 56.8 per cent by FY 2024-25, while the general government deficit, including state governments, is predicted to fall below 8 per cent of GDP

News and Trends

India Eyes $100 Billion in Annual FDI Inflows Amid "Make in India" Push

Over the last ten years, India has attracted $667.4 billion in foreign investments, a marked increase from the $304.1 billion recorded in the previous decade (2004-2014)

News and Trends

Hyundai Motor India Receives SEBI Nod for $3 Billion IPO, Set to be India's Largest

Hyundai has maintained a consistent market share between 15 per cent and 17 per cent since 2008, reinforcing its position as the second-largest automaker in India.

News and Trends

OECD Forecasts Higher Growth for India Amid Global Economic Resilience

The report anticipates India's growth to further increase to 6.8 per cent in FY 2025-26, up by 20 basis points from its earlier forecast.

Entrepreneurs

Our Plan is to Become India's Next Samsung: Cellecor Gadgets MD

Ravi Agarwal, Managing Director of Cellecor, recently shed light on the company's stellar performance in the last fiscal year, their ambitious growth targets for the future, and how they plan to dominate India's tech landscape.

News and Trends

Zoho Launches Vikra App on ONDC and Unveils IoT Platform, Reports 31% Growth in India

With pre-built vertical solutions for industries like manufacturing, smart buildings and energy management, Zoho IoT enables businesses to harness real-time data for operational efficiency.

Technology

Why Govt Needs To Include Indigenous Large Firms In Chip Designing Schemes

Large indigenous chip design companies can achieve better economies of scale that would give an edge with respect to the cost competitiveness of chips

News and Trends

Coal India and RRVUNL Partner to Boost Renewable Energy in Rajasthan

The governance structure of the joint venture will see CIL and RRVUNL nominating executives to the board, with CIL having the right to appoint four directors and RRVUNL appointing two.

News and Trends

Government Unveils Ambitious INR 9.15 Lakh Crore Power Infrastructure Expansion Plan by 2030

Under the new plan, the transmission network will be expanded from 4.85 lakh circuit kilometers (ckm) in 2024 to 6.48 lakh ckm by 2032.

Technology

How AI, Automation and Cloud Computing are Revolutionizing MSME Strategies

The flexibility of cloud computing also means that MSMEs can punch above their weight, accessing the same tools that are available to larger enterprises without breaking the bank.

News and Trends

Zoho-Backed Silectric to Invest INR 3,000 Crore in Silicon Carbide Manufacturing Unit in Odisha

The products manufactured by Silectric will primarily serve the power electronics sector, with applications in electric vehicles (EVs), automotive components and renewable energy.

News and Trends

India Will Lead The World In 6G: Minister of Communications

With over 30 crore mobile phones being produced annually, India has become the second-largest producer of mobile phones worldwide.

News and Trends

The Role of Digital Payment Infrastructures in MSME Growth

Around 80 per cent of MSMEs reported positive impacts from adopting digital technology, with Aadhaar banking and UPI being the most utilized services at the last mile.

Finance

The Transformative Impact of Digitalization on MSME Financing and Access to Credit

Although only 12 per cent of India's 64 million MSMEs are digitally mature, the shift to a cashless and paperless ecosystem brings transparency and ease to credit availability.

News and Trends

Maharashtra State Electricity Issues Letter of Intent to Adani for 6600 MW Hybrid Solar & Thermal Power Supply

The company will supply solar energy to Maharashtra at a fixed tariff of INR 2.70 per kWh for 25 years. The thermal power supply, on the other hand, will commence in stages, with Unit 1 (800 MW) starting in three and a half years and Unit 2 (800 MW) beginning after four years