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global economy by 2030, but its rising population presents mounting challenges in basic service coverage, S&P Global Ratings said on Thursday. «India is poised to be the fastest-growing major economy over the next three years and the third largest globally by 2030,» the ratings firm said in a report titled 'Look forward Emerging Markets: A decisive decade'. Emerging markets will play a crucial role in shaping the global economy over the next decade, averaging 4.06% GDP growth through 2035 compared with 1.59% for advanced economies, it said.

Nokia’s India sales fell for the fourth straight quarter, in line with what rival Ericsson reported a few days ago for the three months through September 30. This, as their big telecom clients, Reliance Jio and Bharti Airtel, continued to cut down on network capital expenditure. Industry executives and analysts expect Finland’s Nokia and Sweden’s Ericsson to rely more in the near term on their latest contracts to supply 4G and 5G equipment to Vodafone Idea (Vi) to boost India sales and support global growth.

sex stimulants and rejuvenators are growing rapidly in India as, industry insiders say, people are shedding their inhibitions and seeking to improve their sex lives. The market for stimulants and rejuvenators grew 17% year on year in the 12 months ended September led by sildenafil and tadalafil brands such as Viagra and Cialis, data from market research firm Pharmarack showed. Sales of sildenafil brands stood at ₹525 crore, up 15% from ₹456 crore in the 12 months ended September 2023, data showed. Sales of tadalafil brands during the same period rose 19% to ₹244 crore from ₹205, according to Pharmarack.

World Trade Organization (WTO) suggested creation of up a Dispute Settlement Fund or reimbursement of litigation costs of trade disputes for poor countries. «India has submitted a paper at the WTO suggesting the establishment of a Dispute Settlement Fund as one option to the address the issue of litigation costs,» said an official, adding that South Africa said that establishing a fund is «essential». It has been backed by 48 countries. It draws from a proposal by the African Group that has suggested that such a fund could be financed from the regular budget of the WTO and voluntary contributions from members, with disbursements in accordance with criteria to be adopted by the Dispute Settlement Body.

India had at least 26 extradition requests pending with Canada, the South Asian nation’s foreign ministry said on Thursday, amid a diplomatic row between the two countries.

Centre has amended the guidelines for disposal of the enemy property worth below Rs 1 crore located in rural areas and such property valued below Rs 5 crore in urban areas. Assets left behind by people who have taken citizenship of Pakistan and China — mostly between 1947 and 1962 — are called enemy property. In a notification, the Union Home Ministry said while disposing of the enemy property valued below Rs 1 crore in a rural area and valued below Rs 5 crore in an urban area, the custodian shall offer of purchase to the occupant first and if the occupant refuses the offer of purchase, then the enemy property shall be disposed of in accordance with already laid down norms i.e. by inviting tender or by holding public action. The home ministry also clarified that the 'rural area' means any area in a state except those areas covered by any urban local body or a Cantonment Board. Similarly, an 'urban area' means any area within the limits of a municipal corporation or municipality, or the central government may, having regard to the population, concentration of industries, need for proper planning of the area and other relevant factors, by general or special order, declare to be an urban area.

Travel industry insiders, immigration and visa consultants fear the worsening diplomatic row between India and Canada could lead to increased scrutiny and security checks for Indian nationals besides longer processing times for visa applications, affecting those seeking to travel for work, study, or tourism. The row could also lead to subdued overseas tourist arrivals from Canada over time. Rahul Singh, managing partner at relocation and immigration firm Kraft Mobility said the visa situation for Indian nationals looking to travel to Canada has been influenced by the broader diplomatic relations between the two countries.

Adani Enterprises has successfully completed the qualified institutional placement (QIP), raising nearly Rs 4200 crore. The company has allocated 1.41 crore shares at an issue price of Rs 2,962 apiece. The transaction was launched post-market hours on October 9 with a deal size of Rs 4,200 crores ($500 million) and closed on October 15.

Weaver Services, a non-bank lender formed by former executives of erstwhile home finance major HDFC, on Thursday, announced that it has bagged Rs 800 crore in commitments from private equity funds. Gaja Capital and Lok Capital have made the commitment, which will be utilised for fuelling the company's pan-India plans and also for a Rs 267-crore acquisition of Capital India Home Loans, as per an official statement. «I am happy to see a team of former colleagues and partners unite to establish a housing finance company dedicated to addressing the needs of an under-served segment of society,» Keki Mistry, former vice chairman and chief executive of HDFC, said in the statement. After securing necessary regulatory approvals and acquisition completion, Weaver is aiming to launch home loan products for self-employed individuals in the unorganised sector, particularly in Tier 2 and Tier 3 towns, the statement added.

Royal Air Force on Thursday scrambled a Typhoon fighter jet to intercept an Air India aircraft that received a bomb threat and the plane later landed safely in London. The bomb threat was received for the Air India plane from Mumbai to London, an airline official said. «We can confirm that RAF Quick Reaction Alert Typhoon fighter aircraft from RAF Coningsby were launched this afternoon, to investigate a civilian aircraft,» a Royal Air Force spokesperson said. Following an uneventful interception the aircraft was released to continue to its original destination under the direction of civilian air traffic control, the spokesperson said.

Skyscanner, with revenues and traveller searches for the company growing by around 35-40% in the country this year, said CEO John Mangelaars in an interview with ET. Skyscanner is a global travel app that helps travellers find the right deals across segments such as flights, hotels and car hire options. The company claims it searches more than 80 billion prices everyday, so travellers can be sure they've seen the best possible options, all in one place. “Visitors are up 40% in India and business is also up close to 40%. India is among the top ten markets in terms of revenue. I think it will be among our top three markets over the next few years. And in three years, Skyscanner will be among the top five companies in terms of market share in India,” he said.

IIM Shillong, officially launched the CM Business Catalyst: Student B-Plan Challenge, an innovative initiative aimed at fostering entrepreneurship and sustainable business practices among the youth of Meghalaya. The launch event at Shillong was attended by Vice President of India, Jagdeep Dhankhar, along with Governor of Meghalaya C H Vijayashankar, Chief Minister, Conrad K Sangma, and Minister, Dr. Mazel Ampareen Lyngdoh. The CM Business Catalyst program is designed to empower college students to develop sustainable business models that address pressing environmental and social challenges. This initiative aligns with the state’s vision for sustainable development, leveraging IIM Shillong's expertise in innovation, management, and entrepreneurial education.

Albinder Dhindsa, chief executive of quick commerce platform Blinkit, on Thursday said that the company isn't concerned about new competitors entering the market. «We are not too worried about competition entering the space. The space is not small. We provide customers with a service they didn't know they needed. We will stay focused on the customer,» said Dhindsa at the India Mobile Congress 2024. Blinkit registered Rs 942 crore in revenue during the first quarter of FY25, a significant rise from Rs 384 crore in the same period last year. It reported a gross order value of Rs 4,923 crore, up 130% year-on-year in the April-June quarter.

Subscribe to enjoy similar stories. The success of India's biggest-ever initial public offering from Hyundai Motor India Ltd came down to one key factor: a strong response from qualified institutional buyers (QIBs). But the portion set aside for retail investors, who have been driving demand in the primary market this year, wasn't even fully subscribed.

Reasons to buyReasons to avoidThe Home furniture Sheesham Foldable Balcony set offers a classic and elegant option for outdoor seating. Crafted from high-quality Sheesham wood, this set provides a timeless look and sturdy construction.

Subscribe to enjoy similar stories. Travel is undergoing a shift and while artificial intelligence is revolutionising trip planning by providing tailored options for everyone, it may not help solve the deeper issues within the overall experience, the chief of a global travel search platform said. According to John Mangelaars, CEO of Skyscanner, policy decisions across the world - rather than technology alone - will drive changes in the sector.

Amazon Great Indian Festival brands in spotlight today: Limited period discounts on large appliances like ACs, fridgesExplore the latest Samsung smart TVs for your home to upgrade your existing TV with a new one. These models from Samsung bring the best picture quality and cutting-edge features to offer you an exceptional viewing experience.

Subscribe to enjoy similar stories. If you haven't specifically declared that you don't want to donate your eyes after you pass away, the government wants to presume that you have consented to your corneas being harvested. A growing shortage of corneas and an ever-expanding waiting list of patients have prompted the health ministry to explore presumed consent for cornea donation.

Guwahati: The dilemma of cut of date continued to linger in Assam for several decades, while the Supreme court on Thursday upheld validity of Section 6A of Citizenship Act which conferred citizenship benefits to persons from Bangladesh who settled in Assam and had entered India between January 1966 and March 25, 1971, there are documents and recommendations which stipulates 1951 as the cut of date for identification of foreigners. The All Assam Students Union (AASU), which spearheaded a six-year-long agitation against illegal immigrants in Assam in 1979-85, welcomed the Supreme Court judgment upholding the validity of Section 6A of Citizenship Act. AASU's chief adviser Samujjal Bhattacharjya said with its order on Section 6A of Citizenship Act 1955, the Supreme Court has given its stamp of approval to the Assam Accord under which all those who had entered Assam illegally must be detected and deported from the country. «We wholeheartedly welcome the Supreme Court verdict. It is a historic verdict. It has established that the Assam agitation was undertaken with genuine reasons and all provisions of the Assam Accord are now legally validated by the apex court.”

Subscribe to enjoy similar stories. In January-February 1952, India held its first general elections.

Subscribe to enjoy similar stories. New Delhi: State-run Oil and Natural Gas Corp.