business

“Congratulations @narendramodi on your victory in the world’s largest democratic elections! Looking forward to my companies doing exciting work in India,” Musk, 52, said in a post on X on Friday.

Amid turbulent bilateral ties, the Maldives will soon launch India’s RuPay service, which Economic Development Minister Mohamed Saeed said will "bolster the Maldivian Rufiyaa." Saeed also announced that both India and China have agreed to use local currencies in bilateral trade.

"In a groundbreaking move to redefine business travel in India, IndiGo, India's most preferred airline, announces the plan to launch a tailor-made business product for India’s busiest and business routes," IndiGo said in a statement.

The combined share of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura rose to 0.73 per cent of the total average asset under management (AAUM) of the mutual fund industry, which stood at Rs 55.01 lakh crore in March 2024. 

In an exchange filing on Thursday, the bank responded to an article in a news portal, the Morning Context, which quoted sources saying that Bakhshi had indicated he wanted to step down from his position.

Adani Ports and APSEZ announced its credit rating elevation to AAA by CARE Ratings, marking it as the first large-sized private infrastructure developer to achieve this recognition.

The group has been split between two branches of the founding family, with Adi Godrej (82) and his brother Nadir (73) on one side and their cousins Jamshyd Godrej (75) and Smita Godrej Crishna (74) on the other, a statement by the group said.

Germany is targeting 1 million overnight stays from Indian tourists in 2024, following a significant 32.6 % year-on-year growth in 2023, which saw 826,703 overnight stays recorded.

Chennai, Hyderabad and Mumbai, however, reported increasing demand, with the IT-ITeS sector dominating absorption with 47 per cent share.

With an 8.9 per cent annual rise in current dollar value terms, the world services exports surpassed $7.9 trillion in 2023, read the report.

In his new capacity, Agrawal will continue to drive strategic initiatives and contribute to the overall growth of the Motilal Oswal Group.

The Commerce Ministry has initiated steps to gather comprehensive details from the respective food safety regulators and directed Indian embassies in Singapore and Hong Kong to furnish detailed reports on the matter.