Entrepreneurship a top career choice for Indian Gen Z
Trade Promotion Council of India
Apex trade and investment promotion organization notified by the Department of Commerce, Government of India
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Ministry of Steel recommends 25% safeguard duty on steel imports
The Ministry of Steel has recommended imposing a 25% safeguard duty on specific steel imports. This proposal was discussed during a high-level meeting in New Delhi, which brought together Union Steel Minister H.D. Kumaraswamy, Commerce and Industry Minister Piyush Goyal, senior government officials, and leading executives from prominent steel manufacturers, including SAIL, Tata Steel, JSW Steel, and AMNS India.
FACT OF THE DAY
Bank credit to MSMEs under priority sector lending increased by 13.9% in October 2024, reaching Rs 26.34 lakh crore, up from Rs 23.11 lakh crore in October 2023, according to the latest Reserve Bank of India (RBI) data. The share of MSME credit in India’s total non-food credit stood at 15.7%, slightly up from 15.5% in the same month last year.
Indian SMEs prioritize sustainability, leading global shift
A recent survey by DHL Express reveals that sustainability is a top priority for small and medium-sized enterprises (SMEs) worldwide, with 95% of Indian SMEs acknowledging its importance.
Conducted across 11 global markets, the survey highlights the growing focus on sustainable practices in supply chain operations. Indian SMEs are leading the way, with many viewing sustainability as essential for business growth, customer attraction, and long-term competitiveness.
The findings offer valuable insights into how SMEs can embrace sustainability to stay ahead in an evolving market
LEAD STORY
Majority of Genz aspire of being entrepreneurs: study finds
Gen Z is leading a shift in entrepreneurship, creating businesses that reflect their values and goals. A recent survey by BankBazaar reveals that 85.5% of Gen Z aspires to start their own ventures, with 36% ranking it among their top life goals.
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HIGHLIGHT OF THE DAY
India recorded its second warmest November in 123 years, as per the India Meteorological Department (IMD). The average monthly maximum temperature was 29.37°C, 0.62°C higher than usual, while the average minimum temperature was 15.86°C, deviating by 1.05°C from the normal. This warmth is part of a broader trend since the October post-monsoon season, which could contribute to 2024 becoming the hottest year on record globally.
Indusfood 2025 announces exclusive services pavilion: A gateway to global business opportunities
Indusfood 2025 is gearing up to unveil its exclusive Services Pavilion, a new addition to Asia’s premier F&B trade exhibition. Taking place from January 8-10, 2025, in New Delhi, this pavilion will bring together key service providers from sectors like logistics, finance, IT, and consulting, offering a unique platform for networking and global business opportunities in the F&B industry. With over 1,800 exhibitors and 7,500+ global buyers, it’s the ultimate space to showcase expertise and forge valuable connections.
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India’s manufacturing PMI falls to 56.5 in November
Manufacturing growth eased in November, with the Purchasing Managers’ Index (PMI) falling to an 11-month low of 56.5 from 57.5 in October, amid price pressures and weaker demand. Although price pressures curbed domestic sales to a certain extent, growth of new export orders gained momentum, the report by S&P Global stated.
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