Author: Bhakti Narayanan

Union Minister Piyush Goyal chaired the 7th meeting of the Mission Steering Group for the National Technical Textiles Mission. During this meeting, 18 R&D projects valued at Rs. 46.74 crore (US$ 5.62 million) received approval. These projects span various categories, including Geotech, Protech, Indutech, Sustainable Textiles, Sportech, Smart E-Textiles, and Meditech. Goyal emphasized the need for proactive industry engagement to bolster India’s indigenous development of technical textiles. The minister also discussed the status of various components of the National Technical Textiles Mission, including the review of sanctioned R&D products, R&D projects in Mission mode, the formation of a committee for…

Cybersecurity company BlueVoyant has added technology executive Amit Jasuja to its executive leadership team as Chief Product Officer. Jasuja, based in Sydney, Australia, joins to strengthen BlueVoyant’s commitment to enhancing customer value and ensuring future growth. CEO James Rosenthal expressed excitement about Jasuja’s appointment, highlighting how it underscores their dedication to delivering top-notch cybersecurity solutions and positioning for sustained growth. With more than three decades of security leadership experience, Amit Jasuja significantly enriches BlueVoyant’s strategic product direction. His primary objective is to consolidate the product lines, aiming for a larger share of the cybersecurity market. Jasuja’s extensive experience spans across…

According to a report based on data from the National Payments Corporation of India (NPCI), Person-to-Merchant (P2M) transactions in India are projected to constitute 75% of all United Payments Interface (UPI) transactions by 2025. Currently, 56.1% of UPI transactions are P2M transactions. Global payments service provider Worldline’s “India Digital Payments Report for H1 2023” revealed that UPI transactions in India increased by 62% in the first half of 2023 compared to the same period in 2018, largely driven by P2M transactions. Between January and June 2023, there were 51.91 billion UPI transactions, with 29.15 billion being P2M payments, accounting for…

A study conducted by Nielsen Media India on behalf of Amazon India reveals that consumers across India are feeling optimistic about online shopping for the upcoming festive season, with one in two planning to increase their spending compared to the previous year. The report indicates that a significant 81% of consumers intend to shop online during the festive season, and more than 75% trust e-commerce platforms for genuine products and convenient shopping. The core expectations of consumers include a broad product selection, competitive pricing, easy returns, and exchanges. Manish Tiwary, Country Manager India – Consumer Business at Amazon India, expressed…

The highly anticipated film “Animal” has been generating significant buzz, particularly for its intense action sequences. A teaser featuring Ranbir Kapoor engaging in a fierce battle with thugs has already earned praise from action enthusiasts. To add to the excitement, the film’s creators have been unveiling character posters that introduce intriguing figures from the world of gangster warfare. Following the poster of Anil Kapoor as Ranbir’s father, the next character poster unveiled belongs to Bobby Deol, who plays the role of the antagonist in this underworld tale. Released on September 26, the poster showcases Bobby Deol in a sharp and…

India’s commitment to the Sustainable Development Goals (SDGs) was reaffirmed during the G20 summit, where these goals were emphasized as a top priority. India’s progress toward the SDGs was lauded as an inspiring example of determination and innovation. India’s Permanent Representative to the UN, Ambassador Ruchira Kamboj, highlighted this commitment during the ‘India Roundtable’ held alongside the UN General Assembly. She noted that while global progress on the SDGs has been slow, India has made strides, especially in reducing poverty, staying on track to achieve SDG 1 before 2030. The G20 summit placed significant emphasis on the SDGs, marking a…

According to a recent survey conducted by the Retailers Association of India (RAI), the retail sector has shown significant growth in August 2023, with a remarkable 9% increase compared to the same period in the previous year. This upward trend follows a similar pattern from July, where overall retail sales also saw a 9% rise compared to the previous year. Furthermore, the apparel sector, an integral part of retail, experienced an 8% growth in July. Delving into specific categories, food and grocery sales surged impressively, recording a remarkable 13% growth rate. Similarly, quick-service restaurants (QSR) and the jewelry sector both…

Director Atlee, known for his recent blockbuster Jawan, disclosed that Hollywood professionals expressed interest in his work following the film’s remarkable success. However, he declined these lucrative offers, firmly believing that filmmaking should be fueled by passion, not financial gain. In an interview with Film Companion, Atlee delved into his filmmaking philosophy, underscoring the role of love in his craft. He stated, “Love is paramount in my work. There’s no mathematical formula for what I do. My craft revolves around love. If I don’t have a deep connection with something, I can’t creatively bring it to life. So, I must…

According to an analysis conducted by CREDAI-CRE Matrix, the demand for warehouse space has surged by 1.4 times, reaching 13 million square feet in the first half of 2023 (January-June). This robust demand has consistently outpaced supply, maintaining an average deficit of 10%. The Grade-A Warehousing sector in India has expanded to encompass 163 million square feet, with an impressive supply addition of 9.4 million square feet in the same period. This remarkable growth can be attributed to the substantial development within the industrial sector, making it one of the fastest-growing segments in the country. Interestingly, while the demand has…

During the 105th episode of his radio show, ‘Mann Ki Baat,’ Prime Minister Narendra Modi highlighted the significance of the India-Middle East-Europe corridor, which was announced during the G20 summit in New Delhi, as a pivotal global trade route for future economic interactions. PM Modi underscored that this corridor had the potential to shape world trade for generations to come, drawing parallels to the historic Silk Route of ancient India, instilling a sense of pride that the IME corridor originated from India. Furthermore, PM Modi commended India’s role in granting full membership to the African Union in the G20 bloc,…