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business

Finance Minister Nirmala Sitharaman

Ahead of union budget 2024-25, Economic Survey forecasts India's GDP growth at 6.5-7% for FY25

The projection in the Economic Survey is a tad lower than the Reserve Bank's growth estimates of 7.2%. However, major global agencies, including the International Monetary Fund (IMF) and Asian Development Bank, have projected the growth at 7%.

Rajul Patkar and Mukul Singh

IIT Bombay scientists develop Nutrisen, a technique to advance soil testing

Rather than increasing the number of expensive and resource-intensive labs, Rajul and her colleague Mukul created Nutrisens, a portable device that makes soil testing as simple as using a glucometer.

Adani Vizhinjam port in Kerala

First mothership docks at Adani's Vizhinjam Port, boosts India's global port presence

The arrival of the first mother ship at Adani Group's Vizhinjam Port has put India in the global port business as the port is expected to be ranked 6th or 7th internationally.

Former RBI Chief Raghuram Rajan | Photo: Bloomberg

Services sector holds greater potential for India's economic growth: Raghuram Rajan

Former RBI Governor emphasizes the need for decentralized education and healthcare services to bolster India's economic progress.

Harsh Sanghvi, Home Minister of Gujarat

Gujarat police launch operation against private loan sharks; over 100 FIRs lodged

Following multiple suicides due to harassment from private lenders, a crackdown has been initiated which will continue till July 31. As many as 134 FIRs have been filed in the special drive against 226 people who were lending money at excessive interest rates and subsequently pressing the borrowers to pay back.

Paytm CEO Vijay Shekhar Sharma

Paytm CEO Vijay Sharma talks about RBI's restriction, says 'we should have done better'

Speaking at a recent event, the Paytm CEO discussed the RBI's action against the company, acknowledging that they could have handled their responsibilities better and stating that they have learned their lesson.

Representational image

Ola Cabs switches from Google Maps to internal Ola Maps

The statement was made three months after the Ola group severed their relationship with Microsoft Azure and transferred all of their workload to their internal artificial intelligence (AI) company, Krutrim. With this shift, the firm is expected to save Rs 100 crore in expenses per year.