Indian Economy News

April 26, 2024

IIT Madras's patent count more than doubles in FY24, claims top slot

IIT Madras achieved a significant milestone in FY24, doubling its patent count to 435, showcasing innovation and research leadership prowess.

Commerce Ministry working on infrastructure to achieve US$ 1 trillion exports by 2030: Official

Led by Additional Secretary Mr. Anant Swarup, the Department of Commerce drives initiatives to identify key infrastructure and sectors for India's US$ 1 trillion export goal by 2030.

Despite uncertainties, services exports grow 11.4% in 2023: UNCTAD report

India's services exports surged by 11.4% to US$ 345 billion in 2023, contrasting with China's 10.1% decline to US$ 381 billion, as reported by UNCTAD.

Electric car Tesla may set up manufacturing plants in India, Mexico in 2025

Tesla intends to produce its US$ 25,000 electric car in India and Mexico by 2025, which aligns with Mr. Elon Musk's strategy of maximizing current factory capacity before expansion.

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 is acquiring PureSoftware Technologies in Noida for US$ 94.5 million (Rs. 779 crore).

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