South Korea's economy grew 2 percent last year, matching an earlier estimate, amid slowing export growth, sagging domestic demand and a political crisis, central bank data showed on Wednesday.

The country's real gross domestic product (GDP) -- a key measure of economic growth -- increased 2 percent last year, in line with the central bank's estimate in January.

The 2024 growth accelerated from a 1.4 percent advance in 2023, reports news agency.

The data also showed the country's per capita gross national income (GNI) stood at US$36,624 in 2024, marking a 1.2 percent increase from a year earlier.

In terms of the Korean won, the GNI climbed 5.7 percent to an all-time high of 49.96 million won amid the strengthening of the dollar and the won's weakness.

As it continues to struggle on various fronts amid job cuts, Ola Electric Mobility has now failed to kick off cell manufacturing at its Gigafactory on time.

According to a stock exchange filing by the company, “We would like to inform you that we are in receipt of a letter dated 3 March 2025 from IFCI Ltd. 'Subject Non-Achievement of Milestone-1' according to Schedule M of the Programme Agreement dated 28 July 2022.”

“The company is actively engaged with the relevant authorities in this regard and is in the process of filing an appropriate response,” said Ola Electric.

IFCI is the project management agency for the production-linked incentive (PLI) scheme for advanced chemistry cells (ACCs). Ola Electric's subsidiary — Ola Cell Technologies Pvt Ltd — is a beneficiary of the PLI scheme.

According to industry sources, Ola Electric has essentially missed the deadline to start cell manufacturing operations at its Gigafactory.

The government is drawing up schemes to provide credit on easy terms to MSME exporters, and offer assistance to deal with non-tariff measures imposed by other countries which have emerged as a barrier to India’s merchandise exports, a senior Commerce Ministry official said on Tuesday.

Addressing a post-Budget webinar, Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said, the Commerce, the MSME and the Finance Ministries are working on these schemes.

The government is framing schemes to provide credit on easy terms to MSME exporters, promote alternative financing instruments through strengthening factoring services for them, he said.

These schemes are being formulated under the export promotion mission, announced in the Union Budget for 2025-26. The Budget has also announced the setting up of BharatTradeNet as a unified platform for trade documentation and financing solutions.

Sarangi highlighted that e

The National Stock Exchange (NSE) announced on Tuesday that it has shifted the expiry days for the futures and options (F&O) of Bank Nifty, Fin Nifty, Nifty Midcap Select, and Nifty Next50 to the last Monday of the expiry month.

According to an official NSE circular, the changes will take effect from April 3. Currently, the expiry day is the last Thursday of the specific month.

"Last Thursday of the expiry month. If the last Thursday is a trading holiday, then the expiry day is the previous trading day," the circular said.

It further stated that the new serial weekly options contract shall be introduced after expiry of the respective week's contract.

Additionally, the exchange has shifted the expiry days for Nifty's monthly, quarterly, and half-yearly contracts from Thursday to Monday.

The NSE has also moved the expiry days for Nifty weekly contracts from Thursday to Monday.

Indian startups raised a total of nearly Rs 13,800 crore ($1.65 billion) in February this year, a 19.5 per cent increase from nearly Rs 11,460 crore ($1.38 billion) in January, according to a new report.

The median valuation of these startups in February 2025 stood at Rs 61,216 crore ($83.2 billion).

Over the course of the 2024-25 financial year, Indian startups collectively raised Rs 21,062 crore ($25.4 billion) across 2,200 funding rounds.

Bengaluru, known as India's startup hub, secured the highest funding in February 2025, raising $353 million, according to data by Traxcn.

In a fillip to the government’s ‘Make in India’ initiative, London-based technology company Nothing on Tuesday unveiled its latest Phone (3a) series, which is designed to elevate its mid-range lineup with advanced features.

The smartphone series will be manufactured in Chennai, further underscoring Nothing’s commitment to the country.

Akis Evangelidis, Co-founder of Nothing who has recently been appointed as the President for India, has highlighted the importance of the nation in the company’s strategy.

India will play a pivotal role in the global smartphone industry in the years to come, and “we’re committed to accelerating our ‘Make in India’ initiatives and boosting domestic production,” he mentioned.

Nothing plans to accelerate its ‘Make in India’ initiatives by ramping up local production and investing more in the Indian market.

Indian stock markets closed a tad lower on Tuesday, with both the Sensex and Nifty settling in negative territory following US trade tariffs on Canada and Mexico coming into force from today.

Canada's retaliatory tariffs on US goods further dampened market sentiment.

The 30-share Sensex ended the day at 72,989.93, losing 96 points, or 0.13 per cent, from its previous close. Throughout the day, the index traded between 73,033.18 and 72,633.54.

The Nifty also ended lower, closing at 22,082.65, down by 36.65 points, or 0.17 per cent in the intra-day trade.

During the trading session, the index reached a high of 22,105.05 and a low of 21,964.60.

Tata Motors, the country’s largest commercial vehicle manufacturer, has launched the first-ever trials of hydrogen-powered heavy-duty trucks on Indian roads in line with the country’s green campaign to fight climate change.

This historic trial, which marks a significant step towards sustainable long-distance cargo transportation, was flagged off by Minister of Road Transport & Highways Nitin Gadkari and Minister of New and Renewable Energy Pralhad Joshi.

The trial phase will span up to 24 months and involves the deployment of 16 advanced hydrogen-powered vehicles with varying configurations and payload capacities. These trucks, equipped with new age Hydrogen Internal Combustion Engines (H2-ICE) and Fuel Cell (H2-FCEV) technologies, will be tested on India’s most prominent freight routes, including those around Mumbai, Pune, Delhi-NCR, Surat, Vadodara, Jamshedpur, and Kalinganagar.

LG Group Chairman Koo Kwang-mo visited India as part of the company's broader strategies to seek new growth opportunities in the populous South Asian country, the company said on Tuesday.

During his four-day stay in India, Koo met with employees and business leaders to evaluate the company's competitiveness across the value chain, from research and development (R&D) to manufacturing and distribution, according to LG Group.

While touring LG Electronics Inc.'s production facilities in New Delhi and LG Soft India, LG's largest overseas software research centre in Bengaluru, Koo emphasized the importance of the Indian market in LG's long-term vision, reports news agency.

He described the country as a key player in driving the company's "second leap" in a rapidly changing era and strengthening its presence.

Shares of Reliance Industries Limited continued to slide on Tuesday, following a ruling from the Delhi High Court that reversed a previous judgment.

Amid the legal uncertainty, the company’s shares dropped by as much as 1 per cent, reaching Rs 1,159.55 per share during the intra-day trade.

This ruling concerns an arbitral award won by Reliance, along with BP Exploration (Alpha) Limited and NIKO (NECO) Limited, in a dispute with the government over alleged gas migration from ONGC’s blocks in the KG-D6 area.

In the original case, the government accused the consortium of causing gas migration, which led to a demand for compensation of $1.55 billion.

On May 9, 2023, a single-judge bench of the Delhi High Court dismissed the government's appeal, upholding the arbitral award in favour of the consortium.