Finance – Page 22 – THE ECONOMIC INDIA

05 Feb

IBEX India 2024: Plan Your Visit!

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A Confluence of Innovation, Networking, and Recognition for the BFSI Community, 21-13 February, at Jio World Convention Centre, Mumbai Mumbai (Maharashtra) [India], February 5: The 11th edition of IBEX INDIA, the country’s comprehensive International Trade Fair and Conference for BFSI & Fintech Sector, will be organised from 21 – 23 February 2024 at Jio World Convention Centre, Mumbai, India. The Indian BFSI sector has been constantly innovating and embracing cutting-edge technologies to enhance operational efficiency, customer experience, and security. The adoption of artificial intelligence, blockchain, data analytics, and digital platforms is reshaping traditional banking and insurance models. An upsurge in…

03 Feb

Kartik Soni: Transforming Dreams into Urban Masterpieces as Founder & Chairman of Swara Group

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New Delhi (India), February 3: In the dynamic world of real estate development, Kartik Soni stands as a visionary force, leading the charge as the Founder & Chairman of Swara Group. Since its inception in 2018, the group has become a prominent player in residential construction, particularly focusing on both new site development and redevelopment. Kartik Soni’s commitment to excellence has propelled Swara Group to the forefront of the real estate industry, with a remarkable portfolio that continues to expand. With six successful projects completed, seven currently underway, and an impressive seven to eight more in the pipeline, Swara Group…

03 Feb

Dr. Vikram Mehta, MD of SPARTAN welcomes the Interim Union Budget 2024-25, cherishes the PM’s Leadership

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New Delhi (India), February 3: Vikram Mehta, the Managing Director of SPARTAN Engineering Industries, has acknowledged the government’s continuous efforts to protect the environment by encouraging solarization in households. The vision to transform the country into ‘Viksit Bharat’ by 2047 articulates the government’s long-term commitment to national development. The Mudra Yojana is another milestone by the government to encourage women Entrepreneurs. It shows India as one Strong Nation, ensuring ‘Viksit Bharat’ Sankalp. In the coming years, India will be the hometown of Startup Ecosystem. The dedication to building houses under PM Awaas Yojana Grameen for Rural Development shows a futuristic…

02 Feb

The interim budget’s emphasis on innovation and growth is promising: Geetanjali Vikram Kirloskar

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Bengaluru (Karnataka) [India], February 1: Finance Minister Nirmala Sitharaman presented the Interim Budget 2024-25 at the Parliament today, a day after the commencement of the Budget Session. The interim budget provided estimates of the government’s expenditure, revenue, fiscal deficit, financial performance, and projections for the upcoming months. Sharing her views on the focus laid on innovation and R&D, Geetanjali Vikram Kirloskar, Chairman and Managing Director, Kirloskar Systems Limited said, “The announcement of a corpus of Rs 1 lakh crore for long-term, interest-free loans is aimed at boosting innovation. This move is expected to encourage industries to have a more focused approach…

01 Feb

NPST Revenues Surge 210 per cent in Q3, Approves 2:1 Bonus Issue

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NPST announced a significant growth in revenue for the third quarter of fiscal year 2024 Mumbai (Maharashtra) [India], February 01: NPST, a leader in digital payments and banking service provider in the NSE SME listed fintech domain, announced a significant growth in revenue for the third quarter of fiscal year 2024, reflecting strong performance and growth. Driven by an uptrend in digital payments and a strategic focus on a customer-centric product approach, the growth represents a significant milestone for NPST, building upon a higher base established a year ago. Financial Highlights For the quarter ending December 2023, NPST clocked revenues equalling INR…

01 Feb

Budget 2024 – Sankhadeep Dutta,Founder and CFO, Deep93 FOODTECH LLP,Founder at The Learning Curve

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New Delhi (India), February 01: As the anticipation goes up for the upcoming interim budget 2024 in India, it’s worth looking at the most important demands and expectations from the budget. All the sectors, be it agriculture, infrastructure, finance, education, manufacturing are likely to be benefited from the forthcoming budget. Anticipation about what’s to expect from the budget is growing fast Few important points or expectations from the budget are As follows. 1) Lower and middle income taxpayers are hopeful that they will get some extra benifits like reduction of their tax liability and increase in tax slabs. In order to…

01 Feb

Pre-Budget Expectations 2024 in Indian Medical Devices Industry

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Mr Jatin Mahajan Secretary – Association of Diagnostic Manufacturers of India (ADMI) Managing Director, J Mitra & Company The Indian Medical Devices Industry has made remarkable progress in recent years. India is one of the leading medical device markets, with a size of about ₹1,04,760 crores (US$12.8 billion) in 2023 and is likely to reach US$ 50 billion by the year 2030 with a CAGR of 16.4 %. According to IBEF (India Brand Equity Foundation), India’s share in the overall medical devices market is estimated at just 1.65%. India ranks 4th after Japan, China, and South Korea in the Asian…

01 Feb

Big opportunity for Indian Forging companies to contribute in Indian Railway Growth story – Mr. Yuvraj Malhotra, CMD, Hilton Metal Forging Ltd

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Pre-Budget expectations – Hilton Metal Forging Ltd Ahmedabad (Gujarat) [India], February 01: The Interim Budget is expected to maintain its focus on key sectors such as infrastructure, power, and railways, reflecting the government’s continued emphasis on these areas. In the previous fiscal year, the Indian Railways received a record allocation of Rs 2.4 lakhs crores in the last union budget which is four times of the allocation of Rs 60,000 crore in Union Budget in 2014, indicating a commitment to modernisation of Indian Railways and development of Railway infrastructure. We expect a further increase in the budget allocation for railways…

31 Jan

Mr. Agastya Sonani, Director of Sonani Jewels shares Budget Expectations for Lab Grown Diamond Jewellery Industry in India

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Surat (Gujarat) [India], January 31: Mr. Agastya Sonani, Director of Sonani Jewels, expresses excitement about the upcoming interim budget for the lab-grown diamond jewellery industry in India for the year 2024. He highlights the global boom in the lab-grown diamond sector, positioning India as a key player with its skilled workforce and advanced technology, poised to become a leading hub for lab-grown diamond jewellery production. The Indian Lab-Grown Diamond Jewellery industry is a significant contributor to the nation’s economy, sustaining around 4.3 million jobs, contributing 10% to merchandise exports, and influencing overall economic growth. The estimated market size in 2023…

31 Jan

Advancing Financial Inclusion in India: A Strategic Vision for 2024

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New Delhi (India), January 31: In the wake of the challenges posed by the COVID-19 pandemic, last year’s budget laid the groundwork for robust financial inclusion initiatives in India, with a distinct emphasis on leveraging digital means. While strides have been made, scaling financial inclusivity remains a formidable challenge. The upcoming budget holds the promise of continuing the momentum, with a specific focus on the under banked and unbanked sectors. A fundamental goal for the fiscal year ahead should be the expansion of digital financial inclusion initiatives. This involves a multi-faceted approach, starting with the allocation of funds to fortify…