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All Set For UP’s First Investors Summit 2018

19Feb By NitishNo Comments

INDIA

All Set For UP’s First Investors Summit 2018

UP is all set to host State first investors summit on 21-22nd February. UP govt chief minister Yogi Adityanath reviewed the preparations at Indira Gandhi Pratisthaan for the two-day Investors Summit beginning here on February 21. "The government is organising this for the betterment of the public. Through this event, UP will get an opportunity to change its image. Hence, it is the responsibility of every department that it should strive for its success," CM Adityanath said. He instructed officials that reports of all the sessions be presented. "The state government has implemented policies for various sectors. The respective ministers, principal secretaries and their subordinate staff must go through the policies, so that the investors can be given correct informatio...

17Feb By Sabhyata AgarwalNo Comments

INDIA

Sectors Contributing To India’s next $100 Billion Growth

According to the Boston Consulting Group (BCG)-Google India report, digital consumer spending in India is expected to rise to $100 billion from $40 million by 2020. The report that hit the surface on Thursday, marked the potential of the consumers to spend at a much greater level than they already are. The report suggests, the growth in the upcoming years will be led by the increase in the market size of the following sectors :- In E-commerce the market size will increase by consumer spending, more on Apparel & Consumer Electronics thus increasing the market size from $18 billion to $ 45 billion by 2020. In Travel and Hotel, the market size will grow from $ 11 billion to $ 20 billion by 2020, specifically with the increase in the International air Travel. In Financial S...

Everything You Need to Know about the PNB Scam

15Feb By Sabhyata AgarwalNo Comments

INDIA

Everything You Need to Know about the PNB Scam

The second biggest state lender of the country, Punjab National Bank had yesterday informed about the fraudulent transactions of worth Rs 11400 crore, however, it didn't reported anything about the people involved in the scam. Today morning around 10:12 am, it was reported that the suspected fraud has been carried out by the criminal in conspiration with 10 staff members of the bank in one of the branches in Mumbai, as written in the letter to private and public sector banks as well as foreign lenders. It also said, that the glitch was found through the Society for Worldwide Interbank Financial Telecommunication (SWIFT), that one un-authorised junior-level official fraudulently issued Letters of Undertaking (LoUs) on behalf of some companies belonging to Nirav Modi Group. SWIFT, the ...

When Mukesh Ambani & Andhra CM Did Facebook Live

14Feb By Sabhyata AgarwalNo Comments

INDIA

When Mukesh Ambani & Andhra CM Did Facebook Live

Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, met with Amaravati Chief Minister N. Chandrababu Naidu on Tuesday at the state. For the first time, any of such discussion was done live on Facebook, which was viewed by over 3 lakh people thus maintaining transparency. They discussed on matters of e-governance, investment opportunities and business. Andhra CM opened the discussion with him, explaining about what they do and his team has achieved since years. He explained that how everything is done electronically in Andhra Pradesh and said he desires to do every process at one platform which makes the work easy and hassle-free. His system seemed so impressive to the RIL chairman, that he asked the CM jokingly to "expose this system to the whole of India." which ...

Indian Companies Invested $3700 Million, Created 3000 Jobs in Abu Dhabi

13Feb By AnkitaNo Comments

INDIA, MIDDLE EAST

Indian Companies Invested $3700 Million, Created 3000 Jobs in Abu Dhabi

Indian companies have invested nearly USD 3,700 million creating 3,000 jobs in Abu Dhabi over the past decade. This fact was revealed at the recently held Abu Dhabi Week in India 2018. The Investment Forums showcased investment related opportunities in the capital city of UAE and the growing business opportunities in the region. India currently ranks 5th in terms of FDI into Abu Dhabi. Abu Dhabi is setting a benchmark for economic diversity and sustainable development. It is expanding its non-oil sectors to become high-value added economy that also encourages entrepreneurship. These sectors offer mutual opportunities to Indian businesses in a stable and flexible environment that is very well integrated into the global economy," said H.E. Saif Mohammed Al Hajiri, Chairman of Abu Dhabi De...

12Feb By Sabhyata AgarwalNo Comments

INDIA

How Indian Prime Minister Set the Stage For India at Dubai’s World Government Summit

The 6th Annual World Government Summit this year in Dubai where India was a Guest of Honour, witnessed 4000 delegates and 130 Speakers including Narendra Modi, Robert Di Nero, Christine Lagarde, Edouard Phillipe etc and many more. On arriving at Abu Dhabi, PM Narendra Modi met with all the important delegates such as the business leaders of the Gulf Cooperation Council, Vice President, PM of UAE and Ruler of Dubai Mohammed bin Rashid Al Maktoum, the President Kyrgyzstan Sapar Isakov etc. The eventful ceremony observed a delightful instance of PM Narendra Modi speaking about Technology and various other important topics that made the speech trending on twitter with the hashtag #ModiInUAE . Today we welcomed His Excellency @narendramodi Prime Minster of India, as a guest...

DIPP Announces Its 7-Pillar Framework To Rank States on Startup Development

7Feb By RishabhNo Comments

INDIA

DIPP Announces Its 7-Pillar Framework To Rank States on Startup Development

With its goal to encourage states to take proactive steps to encourage startup ecosystem, Department of Industrial Policy and Promotion (DIPP) has launched the awaited ranking framework, that includes 7 pillars with 38 pointers to rank states/UT based on measures they have taken to promote and nurture entrepreneurship. The online dashboard for State/UT Startup Ranking 2018 was launched by Minister of commerce and Industry, Sri Suresh Prabhu. The Framework DIPP aims to promote competitiveness amongst the Indian states and Union Territories to act proactively when it comes to startup and entrepreneurs. According to the report that DIPP released today, there are a total of 6,875 recognized startups and 82 startups have been given tax exemption. DIPP has also assigned 7 p...

24Jan By RishabhNo Comments

INDIA

10 Images Showing Indian Glamour at World Economic Forum 2018

India is indeed one of the most talked about topic at 48th World Economic Forum in Davos, Switzerland. The temperature is freezing, but the zeal is not. The World Economic Forum has witnessed great participation and applause from all around the world. PM Modi was the first Indian Prime Minister who opened the session of World Economic Forum. Accompanied by several ministers and several business delegates, he shared his views inviting global CEOs for business in India. Below are some of the amazing memories from World Economic Forum after its first day!

23Jan By Press Trust of IndiaNo Comments

INDIA

India Means Business: Modi Tells Global CEOs

Prime Minister Narendra Modi today told top CEOs here that India means business and presents exciting opportunity for the global businesses. Addressing a roundtable before a dinner meet, Modi narrated Indias growth story. He was accompanied by top government officials including Vijay Gokhale, Jai Shankar and Ramesh Abhishek. Under the tagline of "India means business", the roundtable was attended by 40 CEOs of global companies and 20 from India. After the meeting, MEA spokesperson Raveesh Kumar tweeted about Modi narrating Indias growth story and presenting exciting opportunities for global business in India at Davos. The spokesperson also tweeted that the prime minister "hosted a roundtable meeting with CEOs of top global companies". Modi, who arrived in Davos on Monday ...

22Jan By AnkitaNo Comments

INDIA

India’s Richest 1% Corner 73% of Wealth Generation: Survey

The richest 1 per cent in India cornered 73 per cent of the wealth generated in the country last year, a new survey showed today, presenting a worrying picture of rising income inequality. Besides, 67 crore Indians comprising the population's poorest half saw their wealth rise by just 1 per cent, as per the survey released by the international rights group Oxfam hours before the start of the annual congregation of the rich and powerful from across the world in this resort town. The situation appears even more grim globally, where 82 per cent of the wealth generated last year worldwide went to the 1 per cent, while 3.7 billion people that account for the poorest half of population saw no increase in their wealth. The annual Oxfam survey is keenly watched and is discussed in deta...

UP Govt Launch Incubation Centre in Greater Noida

22Jan By AnkitaNo Comments

INDIA

UP Govt Launch Incubation Centre in Greater Noida

UP Govt Union culture minister Mahesh Sharma has inaugurated an incubation centre at a business school in Greater Noida. "Such initiatives are making the youth empowered to give back to the society than being in the queue," Sharma said, while inaugurating the incubation centre at Birla Institute of Management Technology (BIMTECH) last night. BIMTECH was selected as Atal Incubation Centre, a Government of India's endeavour to promote culture of innovation and entrepreneurship, driven by Niti Aayog.During the event, the union minister called for going back to the society to leave a rich legacy behind. Under the programme, applications will be accepted for three different stages and the applicant would be provided financial support in the form of a grant-in-aid for a maximum of five ...

19Jan By Press Trust of IndiaNo Comments

INDIA

India Tops in Producing Bachelor in Science and Engineering

India accounts for one-fourth of the estimated 7.5 million bachelor in science and engineering degrees awarded across the world in 2014, a report has said. However, its the US that tops the charts in research and development spending, according to the annual Science and Engineering Indicators 2018 report of the National Science Foundation has said. China's growth in science and engineering field continued at an exceptional pace, the report said. The US is the global leader in science and technology (S&T). However, its global share of S&T activities is declining as other nations -especially China- continue to rise. According to the most recent estimates, in 2014, the US awarded the largest number of S&E doctoral degrees (40,000) of any country, followed by China (34,...