Monday, August 24
Prime Minister Narendra Modi on Sunday urged the Centre and States to jointly identify 100 products for domestic manufacturing to reduce import dependence and strengthen economic resilience in line with India's vision of Viksit Bharat@2047.In his address at the 5th National Conference of Chief Secretaries in Delhi, he also highlighted India's potential to become the world's food basket. To achieve the same, we need to shift to high value agriculture, dairy, fisheries, with a focus on exports, he said. He pointed out that the PM Dhan Dhanya Scheme has identified 100 districts with lower productivity. Similarly, all the States must identify the lowest 100 districts and must work on addressing the issues around the low indicators.He observed that the conference marked another decisive step in
Quick commerce platform Zepto has filed confidential draft papers with the Securities and Exchange Board of India for a $1.3-billion (Rs 11,000-12,000 crore) initial public offering (IPO), said people with knowledge of the development.The Aadit Palicha-led company is looking to raise about Rs 11,000 crore in fresh capital, and the rest from early investors who are offering shares for sale, ET reported on December 25.Making a confidential filing with the markets regulator, a route also taken by the likes of Swiggy, Meesho and Groww, will allow Zepto to revise its issue size before final launch. Zepto did not respond to ET’s queries till press time.The four-year-old company, which will be the youngest new-age venture capital-backed company to go public, got the green light from its shareho
Markets wrapped up the holiday-shortened week with modest gains, continuing their ongoing consolidation trend. Despite a strong start, benchmark indices remained largely range-bound in the latter half, weighed down by mixed global cues and subdued year-end trading volumes. The Nifty closed at 26,042.30, while the Sensex ended at 85,041, indicating a cautious yet steady market tone.Investor sentiment was influenced by a mix of domestic macroeconomic data and international developments. India finalised a comprehensive Free Trade Agreement (FTA) with New Zealand, marking a step forward in its Indo-Pacific outreach and export diversification efforts. However, growth across the eight core infrastructure sectors decelerated sharply to 1.8% in November, signalling a short-term slowdown in industr
