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IDFC To Merge With IDFC First Bank, Effective 1 October

The key details of the merger include the appointed date of 30 September 2024, for the merger of IDFC Financial Holding Company (IDFC FHCL) into IDFC

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India's Forex Reserve Touches Fresh Record High Of $692.3 Bn

This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks

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India, Bhutan Discuss Development Of Cross-border And Connectivity Infrastructure

Key discussions held during the meeting include expediting development of cross-border trade and connectivity infrastructure including establishment of an Integrated Check Post in Jaigaon-Phuentsholing and rail-links between Kokrajhar-Gelephu and Banarhat-Samtse

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Giriraj Singh
Textiles Industry Will Grow To $350 Bn By 2030, Says Minister Giriraj Singh

Singh noted that the 100-day achievements lay the foundation for achieving the set targets by 2030 and focus on all aspects of the value chain of the textiles sector, the Ministry of Textiles said in a statement

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Apple Vision Pro 2 Likely To Come In Late 2025, M5 Processor Upgrade Expected

Apple is also working on a cheaper version of the Vision Pro with a lower-resolution display, which is not likely to be available for another two to three years

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Loco Sells Majority Stake To UAE’s Redwood For $65 Mn

The acquisition aims to accelerate Loco's expansion into overseas markets while also providing an exit strategy for the startup's existing investors

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FCI Enhances Its Storage And Transportation Infrastructure Under PPP In 3-state

These silo projects, built on a Design, Build, Finance, Own and Operate (DBFOO), have been developed with private investment and are now fully operational, as per the ministry

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Solid Domestic Demand Growth To Continue In India For Next 2-year: OECD

OECD has also upwardly revised India's GDP growth by 10 basis points and has pegged at 6.7 per cent in 2024-25 and by 20 basis points for 2025-26 at 6.8 per cent

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Demand For Generic Medicines In India Growing Rapidly: Report

As per the report, currently, generic medicines account for over 20 per cent of the market, with Jan Aushadhi drug stores alone making up for 5 per cent

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MCD Standing Committee Election Underway In Delhi, AAP Stays Absent

AAP is not taking part in the elections. Delhi Mayor Shelly Oberoi had directed the MCD Commissioner to proceed with the election for the sixth member of the Standing Committee on 5th October

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