9 in 10 Indian knowledge workers use AI in the workplace: Report | IBEF
92% of Indian knowledge workers embrace AI, with 91% of business leaders recognizing its vital role in maintaining competitiveness.
Auto major M&M shifts to high gear with US$ 4.5 billion (Rs. 37,000 crore) investments | IBEF
Mahindra & Mahindra (M&M), a major Indian automotive company, is planning to launch many new vehicles by 2030, with investment plan of US$ 4.5 billion (Rs. 37,000 crore) over next three years.
India overtakes Australia, Japan, and Singapore in data centre capacity | IBEF
India leads Asia-Pacific in data centre capacity, surpassing Australia, Japan, and Singapore, with a total capacity of 950MW.
Number of Agri startups jumps multifold to 7,000 in last 9 years: Report | IBEF
A FAIFA report highlighted an exponential growth in agriculture startups, surpassing 7,000 in 9 years, as a result the favourable business environment and governmental support.
India’s office leasing demand likely to cross 70 million sq. ft in 2024 | IBEF
Demand for Grade A office space in India to surpass 70 million sq. ft in 2024, fuelled by a 14% surge, per CREDAI-CRE Matrix study.
Indian small car exports thrive as domestic demand shifts to SUVs | IBEF
As India leans towards SUVs, smaller cars from Maruti Suzuki, Hyundai, and other manufacturers find global appeal.
514 million person-years employment created during 2014-24: Report | IBEF
The SKOCH report revealed the creation of 51.40 crore person-years of employment from 2014 to 2024, with 19.79 crore originating from governance-led initiatives and 31.61 crore from credit interventions.
India, Iran to ink 10-year agreement to manage and operate Chabahar port | IBEF
India and Iran are close to finalising a long-term Chabahar Port deal, led by Union Shipping Minister Mr. Sarbananda Sonowal in Tehran negotiations.
Mutual fund assets in Northeast states increases by 145% in 4 years: ICRA Analytics | IBEF
The AAUM in northeastern states soared by 145% from US$ 1.97 billion (Rs. 16,446 crore) in March 2020 to US$ 4.83 billion (Rs. 40,324 crore) in March 2024, signalling rising investor interest in mutual funds.
E-tailing sector in India projected to grow at 18% by 2028-29: Report | IBEF
The Indian e-commerce (e-tail) sector is anticipated to reach a significant size of US$ 60 billion in the financial year 2023-24, based on a report by the property consultancy firm Knight Frank India.
Cotton exports estimated to rise 27% to 2.8 million bales in 2023-24 season: CAI | IBEF
The Cotton Association of India (CAI) anticipates a 27% surge in cotton exports, reaching around 28 lakh bales by the culmination of the 2023-24 crop year in September.
Uttar Pradesh govt plans to promote Agri startups, introduce AI in farming | IBEF
The Uttar Pradesh government partners with the agriculture industry to enhance the rural economy, integrating AI into farming practices for smarter agricultural solutions.
India's retail sector set to cross US$ 2 trillion by 2030, says report | IBEF
The Indian retail market is poised to surpass US$ 2.2 trillion by 2030, with startups like Mamaearth and Lenskart pioneering omnichannel strategies that blend online convenience with offline trust to cater to diverse consumer preferences.