Waltair Division of the Indian Railways surpasses Rs. 10,000 crore in revenue, exceeding expectations and achieving a growth rate of over 10% compared to the previous year, due to customer-focused strategies and operational efficiency improvements.
The Indian data center industry is set for significant growth with its capacity expected to double in the next three years. The increase in capacity will require an estimated investment of Rs 50,000 crore over the same period. Despite generating 20% of global data, India currently holds only a 3% data center capacity share globally. Incentives like data localization and tax benefits, along with the absorption of new capacity, will attract robust investments. Strategic adoption of renewable energy and low carbon technologies will be crucial for sustainability and cost competitiveness. Revenue growth and stable operating margins are anticipated in the coming years.
China’s industrial output grew by 7% in January-February, marking the fastest growth in two years and surpassing expectations. Additionally, fixed-asset investment and retail sales also registered positive growth. This positive economic performance may impact the need for additional stimulus measures. Read more for details.
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The foundation of a child’s growth and development is significantly influenced by nutrition. Learn about 9 superfoods that can support their growth, increase their height, and keep them energetic.
Amar Deo Singh, an industry expert, predicts a significant growth of 4x-5x in the Mutual Fund industry over the next decade. This prediction highlights the potential of the industry and its attractiveness as an investment option. Read more to delve into the insights shared by Amar Deo Singh.
Zomato-owned quick-commerce platform, Blinkit, experienced a significant increase in ad revenue during the December quarter. While the exact figures were not disclosed, the growth outpaced the year-on-year increase in gross order value. Albinder Dhindsa, CEO of Blinkit, emphasized the potential of quick-commerce advertising and the importance of linking ad impressions to actual sales. This trend aligns with the increasing reliance on advertising revenue among food-delivery and quick-commerce platforms in India.
Pratap Simmha, Mysuru MP, highlights the importance of mineral-rich North Indian States in the growth and industrialization of South India and Bengaluru. He explains the concept of Freight Equalisation and discusses the role of public sector units in the development of Bengaluru as an IT hub. Additionally, he criticizes the allocation of funds for development by the Congress party.
Bharat Forge, a leading global technology-driven manufacturing company, anticipates significant growth in its e-mobility and aerospace businesses. The company is optimistic about the increasing demand for electric vehicles and thrust towards sustainable transportation. Read more about Bharat Forge’s expectations and future plans in the field of e-mobility and aerospace businesses.
Reliance Industries Ltd is expected to see year-on-year growth in earnings for the quarter ended December, but the growth is expected to be in single digits due to a weak performance by the oil-to-chemicals business. The digital business, housed under Reliance Jio Infocomm, is expected to have continued its good performance, while the retail business is also expected to have performed well in the last quarter.
India stands at a crucial juncture and is expected to become a $35-trillion economy in the next 24 years, bringing forth an era of remarkable growth. Piyush Goyal, the Minister of Commerce and Industry, expressed optimism about India’s potential for high-growth and emphasized its stature as a reliable economy. Read more about India’s economic prospects.
