‘Shows growing interest to invest in India,’ says PM Modi as Amazon CEO confirms record USD 48 billion investment
Welcoming the Amazon CEO's announcement, Prime Minister Modi said the decision will create new job opportunities for India's youth.
Welcoming the Amazon CEO's announcement, Prime Minister Modi said the decision will create new job opportunities for India's youth.
Adani Group founder chairperson Gautam Adani unveiled a roadmap to invest in nuclear power, artificial intelligence and massive infrastructure at the conglomerate's annual general meeting (AGM) on Wednesday.
Indian stock markets on Wednesday ended with gains as the Nifty reclaimed the 24,000 mark, supported by strong buying in IT, realty, and banking stocks.
S&P Global Ratings cut India's GDP growth to 6.6 per cent in the current fiscal year, driven by energy stress, a sub-par monsoon and slowing global growth.
The Amazon CEO added that the operational experience and innovations developed through India’s quick-commerce model are also helping Amazon scale similar services in the United States and other global markets.
At close, the Sensex was down 12.85 points or 0.02% at 74,102.32, and the Nifty was up 37.60 points or 0.17% at 22,497.90.
“Airtel and SpaceX will explore offering Starlink equipment in Airtel’s retail stores, Starlink services via Airtel to business customers, opportunities to connect communities, schools, and health centers, among many others, in even the most rural parts of India,” Bharti Airtel stated.
The import of Coal from April to December 2024 fell by 8.4 per cent, totalling 183.42 million tonnes (MT), according to the Coal Ministry statement on Tuesday. This is a fall as compared to 200.19 MT in the same period of the previous fiscal.
Analysts at Morgan Stanley expect the Sensex to hit the 105,000 mark by December 2025 as their bull-case scenario for the index.
The Maharashtra government’s capital expenditure on development works especially for asset creation is estimated to reduce to 11 per cent of gross state domestic product (GSDP) at Rs 93,165.52 crore in 2025-26 against 13 per cent at Rs 1,09,031.48 crore as per the revised estimate for 2024-25.
