Gold Imports Fall 18%, Silver Soars 56% in India
India's gold imports fell 18.3% in volume but rose 1.8% in value due to higher prices, while silver imports surged 56% in volume and more than doubled in value, driven by industrial demand.
Category : Business
Hettich India Expands in Bengal and Eastern India with Franchise Model
German furniture fittings giant Hettich, in partnership with Adventz Group, targets tier-2 and -3 markets in Bengal and eastern India through franchise expansion and a revamped B2C strategy, with plans for 20 new outlets this year.
Rental Demand Falls 2.4% as Home Prices Rise 2.2% in Q4
Magicbricks report shows rental demand declined 2.4% quarter-on-quarter while property prices rose 2.2% in December quarter, indicating market yield compression rather than slowdown.
Eden Realty's Rs 5,000 Crore Investment in Kolkata Projects
Eden Realty Group unveils a massive Rs 5,000 crore investment plan for residential, commercial, and hospitality projects across Kolkata, Howrah, and South 24 Parganas by 2030, including luxury hotels and premium riverside developments.
Short Shelf Life Hinders Bengal GI Product Exports
APEDA officials highlight that short shelf life of 7-8 days for GI products like rasogolla and moa limits export potential from Bengal to Middle East markets, calling for packaging improvements.
Kanpur Khadi Conference Exposes Loan Delays, Demands Support
Entrepreneurs at Kanpur's Khadi conference voiced frustration over bank loan delays under government schemes, while officials announced new initiatives and employment figures.
Maruti Suzuki e-Vitara EV Launch with BaaS Model
Maruti Suzuki enters India's electric vehicle market with the e-Vitara, priced from Rs 10.99 lakh. The innovative Battery-as-a-Service plan costs Rs 3.99/km, reducing upfront costs and addressing charging concerns.
XED's $12M IPO First from Gift City, Targets Global Investors
XED Executive Development announces a landmark $12 million IPO from Gift City, set to list on NSE IX and India INX in early March, targeting overseas investors including NRIs and FPIs.
RBI Proposes Forex Market Liberalization with Extended Hours
The Reserve Bank of India has unveiled a draft framework to liberalize currency markets, extending trading hours, broadening hedging tools, and integrating with global liquidity pools to manage forex risk more effectively.
RBI Overhauls ECB Rules: Real Estate, Infrastructure Gain Funding
The Reserve Bank of India has significantly expanded external commercial borrowing eligibility, allowing real estate, infrastructure, and corporate sectors wider access to overseas loans under new entity-based regulations.
Private Sector Drives 25% of India's Defence Output: Rajnath
Defence Minister Rajnath Singh reveals that private sector contributes a quarter of India's defence production, with over 16,000 MSMEs supplying components globally.
Kochi Army Towers Demolition Decision Awaited in Wednesday Meeting
Residents of Chander Kunj Army Towers in Vyttila hope Wednesday's meeting finalizes demolition procedures after high court order. Key decisions on tenders and contractors pending.
Kochi's Perandoor-Vaduthala Bridge Construction Begins
Construction of the long-awaited Perandoor-Vaduthala bridge in Kochi has commenced after state government approval of a revised Rs 34.24 crore administrative sanction. The project aims to decongest city traffic and connect Pachalam-Vaduthala areas to Pera
India Pharma to Stay Anchored in Generics Through 2030
Industry leaders in Hyderabad predict India's pharmaceutical sector will remain dominated by generics and biosimilars until 2030, while gradually expanding into biologics, services, and capability-led models.
24 of 44 J&K PSUs Running at Loss, Four Non-Functional
A government report reveals that 24 out of 44 Public Sector Undertakings in Jammu and Kashmir are running at a loss, with four completely non-functional, highlighting financial challenges in the region's state-owned enterprises.
Amritsar Farmer Gains Profit with Crop Diversification
A farmer in Ajnala, Amritsar, has successfully increased profits and earned recognition by implementing crop diversification techniques in his fields, showcasing sustainable agricultural practices.
Heatwave Threatens Wheat Yield in Punjab, Officials Alert
Agricultural officials in Punjab express concern over rising temperatures impacting wheat crop maturity and yield. Early harvests may reduce grain quality and quantity, prompting monitoring and advisories for farmers.
Kochi RAY Apartment Allocation Delayed Further
Allocation of apartment units for beneficiaries in Kochi's Rajiv Awas Yojana housing complex faces further delays due to incomplete beneficiary selection and pending sewage treatment plant trial run.
Schwarzman Donates $48B to Foundation Focused on AI, Education
Blackstone CEO Stephen Schwarzman plans to transfer most of his $48 billion fortune to his foundation, expanding it into a global philanthropy focused on AI, education, and tech readiness.
Ahmedabad Chemical Unit Fire: 25 Fire Tenders Deployed
A massive fire broke out at a chemical and oil storage facility in Ahmedabad's Piplaj industrial area, prompting a major fire call. No casualties reported as 25 fire tenders battled intense flames.
KMB Seeks Private Partners for Vizhinjam Port Land Development
Kerala Maritime Board has formally invited expressions of interest from private developers for a five-acre beachfront land parcel at Vizhinjam under a PPP framework, with proposals due by March 30.
Tina Ambani Skips ED Summons in Money Laundering Case
Tina Ambani, wife of Anil Ambani, missed her second Enforcement Directorate summons in a money laundering investigation involving Reliance group entities, with assets worth over Rs 12,000 crore attached.
Bengaluru Airport to Add 30 Million Passenger Capacity by 2029
BIAL COO reveals plans to expand Kempegowda International Airport's capacity to 30 million additional passengers by 2029, alongside tourism promotion efforts with Karnataka state.
Baghat Bank Weighs Merger and Share Sale in Himachal
Baghat Bank in Himachal Pradesh is evaluating strategic options including a merger with a larger bank or a share sale to strengthen its financial position and expand operations.
AMC Seals Illegal PG in PMAY Housing in Ahmedabad
Ahmedabad Municipal Corporation's vigilance team raided and sealed an illegal paying guest facility operating from houses in the Everest Enclave PMAY scheme, uncovering misuse and suspicious vacancies.
Ahmedabad Societies Swap Land for Taller Buildings in Road Deal
Societies in Vastrapur, Ahmedabad, volunteer land for road widening to expedite redevelopment with taller buildings, easing traffic and unlocking stalled projects under AMC approval.
Nagpur Hospital Survey: Rs 2.5 Crore Cash Receipts Found
The Income Tax Department's ICI wing surveyed a Nagpur multispeciality hospital, uncovering Rs 2.5 crore in cash receipts from 100 transactions, violating the Rs 2 lakh cash limit rule. This follows a similar survey last week, with total findings exceedin
Nagpur Metro's 12-Year Journey: Growth & Ridership Concerns
Maharashtra Metro Rail Corporation celebrates the 12th foundation day of Nagpur Metro, highlighting Phase II progress and Phase III plans for 55km expansion. While infrastructure grows, ridership remains below projections, with challenges in last-mile con
Stablecoins in India: Promise and Peril of Digital Assets
Exploring the potential and risks of stablecoins for India's economy, with insights from European regulatory frameworks like MICA for e-money and asset-referenced tokens.
Pollachi Gets First State-Supported Coir Firm for Growth
Integrated Coirs India Private Limited, inaugurated by CM M K Stalin, aims to enhance industrial growth, exports, and employment in Pollachi's coir sector with a Rs9.2 crore investment.
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