Indian Economy News

April 26, 2024

Hyundai India to have 5 new EVs by 2030, launch first electric SUV in 2024

Hyundai Motor India is speeding up its entry into the electric car market. They're going to bring out five new electric car models by 2030, which is two years earlier than they originally planned.

Happiest Minds to acquire Noida-based PureSoftware for US$ 94.5 million (Rs. 779 Crore)

Happiest Minds Technologies, a big IT company, announced it buying PureSoftware Technologies in Noida for US$ 94.5 million (Rs. 779 crore).

REITs, InvITs mobilise US$ 15.60 billion (Rs. 1.3 lakh crore) in past 4 years: RBI data

REITs and InvITs have amassed US$ 15.60 billion (Rs. 1.3 lakh crore) over 4 years, propelled by SEBI's regulatory adjustments, enhancing retail participation in realty and infrastructure sectors.

Invest in 'resilient infra' to ease the impact of natural disasters: Prime Minister Mr. Narendra Modi

Prime Minister Mr. Narendra Modi advocates prioritizing resilient infrastructure to tackle rising natural disasters, emphasizing the need for global collaboration at the CDRI.

Credit card spends rise 27% to US$ 219 billion (Rs. 18.26 lakh crore) in FY24: RBI data

Credit card spending surged in FY24, reaching US$ 219 billion (Rs. 18.26 lakh crore), with HDFC Bank leading in card issuances.

Pharma exports rise around 10% to US$ 27.9 billion, US biggest importer

India's pharmaceutical exports soared to US$ 27.9 billion in 2023-24, up 9.67%, with March registering a notable 12.73% surge to US$ 2.8 billion.

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