May 21, 2024
India's foreign exchange reserves jump US$ 2.56 billion to US$ 644.15 billion
India's forex reserves rose by US$ 2.56 billion to US$ 644.151 billion for the week ending May 10, driven by increases in foreign currency and gold reserves.
India's digital economy is poised to reach 20% of GDP by 2027, powered by strategic investments in AI, semiconductors, and advanced infrastructure.
India to be a power house for airline growth on travel eagerness: Report
India's growing population and increasing travel enthusiasm are set to make it a powerhouse for future airline growth, with major aircraft orders and new airport plans fuelling this expansion.
Serum Institute ships its first set of malaria vaccine doses to Africa
Serum Institute of India has shipped its R21/Matrix-M malaria vaccine to Africa, marking a significant milestone in the fight against malaria, with 163,800 doses allocated for the Central African Region.
Optimism in real estate industry stakeholders highest in 10 years: Report
Optimism in India's real estate sector hit a 10-year high in Q1 2024, driven by strong economic fundamentals, post-pandemic recovery, and increased transaction volumes, with the residential market leading the surge, according to the Knight Frank-NAREDCO Real Estate Sentiment Index.
PGIM India Asset Management aims to double AUM to Rs. 50,000 crore (US$ 6.0 billion) in 2-3 years
PGIM India Asset Management aims to double its assets under management to Rs 50,000 crore within 2-3 years, driven by expanding its product range and focusing on Systematic Investment Plans (SIPs) amidst a booming Indian mutual fund industry.