The economy of China is facing a challenging scenario as rising interest rates and inflation dampen demand in the United States and Europe, while the country battles a significant decline in prices. The producer price index (PPI) fell at the fastest pace in seven years in May, indicating a slowing manufacturing sector and raising concerns about deflationary risks.

The Reserve Bank of India (RBI) is aiming to onboard one million users for its central bank-backed digital currency (CBDC) by the end of June, according to T Rabi Shankar, Deputy Governor of RBI. He made this announcement during a press conference following the monetary policy announcement on Thursday.

Protests have erupted against the expansion plans for the Gevra coal mine in the eastern province of Chhattisgarh, posing challenges to Coal India Ltd’s ambitions to increase its annual capacity to 70 million tons.

At the Worldwide Developers Conference 2023, Apple unveiled its highly anticipated mixed-reality headset, capturing the attention of tech enthusiasts worldwide. However, this was not the only exciting announcement from the American tech giant. Apple also provided a preview of upcoming features and tools that will be available on its platforms later this year. One such tool that caught the spotlight is the Game Porting Toolkit for Macs, set to accompany the release of macOS Sonoma.

The Monetary Policy Committee (MPC) has maintained its economic growth projections for the 2023-24 financial year at 6.5%. While the first two quarters are expected to deliver slightly more growth,

According to government sources, oil marketing companies (OMCs) are expected to reduce prices of petrol and diesel. The companies have shown positive quarterly results and have almost recovered their losses, indicating a return to normalcy.

The expectation for lower fuel prices stems from the fact that OMCs no longer face under-recoveries in petrol and diesel. Additionally, an oil production cut by one of the members of the Organization of the Petroleum Exporting Countries (OPEC) is believed to have minimal impact due to emerging alternative markets.

Suppliers to Chongqing Changan Automobile, a state-owned Chinese automaker, have expressed their dissatisfaction after the company reduced their payments by 10%. The suppliers argue that they are unfairly being made

The President of the Dutch central bank, Klaas Knot, has stated that underlying price pressures in the euro zone may pose challenges, although monetary policy is exhibiting signs of effectiveness.

Oil prices encountered a modest downturn on Tuesday, reversing the progress achieved the day before. In spite of Saudi Arabia’s declaration of a substantial reduction in production, apprehensions regarding the

In a recent statement, the Bank of Korea (BOK) expressed its preference for maintaining dollar liquidity rather than increasing its gold holdings for foreign exchange reserves. The BOK’s Reserve Management Group highlighted the need for a cautious approach in determining the gold-to-reserves ratio, citing various factors influencing their decision.

Embassy Office Parks REIT, India’s first listed Real Estate Investment Trust (REIT), recently announced its successful debt raise of Rs 1,050 crore through non-convertible debentures (NCDs). This campaign is being held in order to refinance bank loans whose interest rates are about to reset.

PayPal, a name synonymous with groundbreaking advancements in digital transactions, has revolutionized the way we engage in financial exchanges. This pioneering company, founded in December 1998 by visionaries including Peter

Investor sentiment regarding the euro zone economy took a downturn in June, largely driven by negative expectations for Germany, the largest economy in Europe, according to a survey conducted by economic analysis company Sentix.

The monthly survey, which assesses whether investors hold positive or negative views on growth prospects, revealed a drop in sentiment to -17 points for June, compared to -13.1 in May. This figure was even lower than the expected -15.1 predicted by analysts surveyed by Reuters.

Private sector economic activity in South Africa has contracted for the third month in a row, according to the latest survey from S&P Global. The South Africa Purchasing Managers’ Index (PMI) fell to 47.9 in May, marking its lowest level since July 2021. The PMI is an indicator of economic health, with readings above 50 indicating growth in activity.

China’s services sector experienced a pick-up in activity during May, according to a private-sector survey released on Monday. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 57.1 in May, up from 56.4 in April. This expansion in the services sector supports China’s consumption-led economic recovery in the second quarter. The survey’s findings differ from the official PMI, which was made public last week and showed a slower rate of increase in the services sector.

Indian service Sector Purchasing Managers’ Index (PMI) recorded a figure of 61.2 in May, according to S&P Global. While slightly lower than April’s reading of 62, May’s figure marks the second-highest level since June 2010. This sustained expansionary trend is significant, as a PMI reading above 50 indicates growth in the services sector. In fact, India has been in the expansion zone for 23 consecutive months since August 2021. The latest PMI data reflects the resilience of demand, impressive output growth, and job creation in India’s dynamic service sector.

Metaverse and Web3 India’s Potential for a $200 Billion Industry by 2035

India witnessed a significant boost in domestic coal production during May 2023, with a year-on-year increase of 7.10 percent. The Ministry of Coal announced that coal production reached 76.26 million

Sri Lanka’s economy, which had been grappling with severe financial challenges, has exhibited tentative signs of improvement, according to a top official from the International Monetary Fund (IMF). The official

French tyre manufacturer Michelin (MICP.PA) has announced the sale of its Russia Tyre Manufacturing Company (MRTMC) and Camso CIS in Russia to Power International Tires, a prominent tyre distributor in

Adani Wilmar, a renowned company, has recently made an exciting foray into the whole wheat market with its esteemed brand, Fortune. This move aims to cater to the discerning preferences

Germany’s economy has entered a recession as the latest data from the statistics office reveals a contraction in the first quarter of 2023 compared to the previous three months. The

The Indian government aims to generate revenue through disinvestment in the current financial year. While plans for stake sales in IDBI Bank and Concor are underway, the government may resort

On Wednesday, world stocks experienced a decline as the ongoing U.S. debt ceiling talks failed to reach a resolution. This uncertainty in the market led to a general sense of

According to a report by The Economic Times (ET), Tata Group is embarking on an ambitious plan to expand its presence in the thriving electronics and semiconductor business. This strategic

The Centre is set to receive a significant boost in its non-tax revenue for the fiscal year 2022-23 (FY23) from both public sector banks (PSBs) and the Reserve Bank of

Physis Capital, a growth-stage investment fund, has recently announced the first close of its $50 million fund at $7 million, with a final close expected in 2024. This fund aims

The Indian automobile industry is gearing up for a significant shift towards electric vehicles (EVs) as companies and the government focus on capital expenditure to support the growth of this

Veteran industrialist Karumuttu T Kannan, aged 70, passed away on Tuesday morning in Madurai, leaving behind a legacy of remarkable achievements. Renowned as a prominent board member of TVS Motor

British state-backed bank NatWest has taken a significant step towards full private ownership by agreeing to repurchase £1.3 billion ($1.6 billion) worth of its shares from the government. This move

Nvidia Corporation has recently collaborated with the University of Bristol in the United Kingdom to develop a cutting-edge supercomputer, utilizing a new Nvidia chip that aims to rival industry giants

Indian shares began the week on a subdued note but quickly recovered, driven by gains in the information technology (IT) and pharmaceutical sectors. Investors saw buying opportunities at key levels

China’s exports to North Korea experienced a significant increase in April compared to the previous year, as revealed by Chinese customs data. Notably, shipments of wigs and fertilizers were among

Introduction: A recent meeting between White House and Republican congressional negotiators to discuss raising the federal government’s debt ceiling has ended without progress or a set date for another meeting.

The dollar maintained its six-month highs against the yen and seven-week highs against the euro on Friday. This was driven by increasing optimism surrounding the U.S. debt ceiling negotiations and

Introduction  The presence of Syrian President Bashar al-Assad at an Arab summit in Saudi Arabia marks a significant policy shift by Arab nations, as they embrace the leader who was

Infosys, an IT firm, has recently taken measures to address approaching challenges by reducing the average variable payout at an organizational level. For the fourth quarter of the financial year

During Sony Corporation’s annual corporate strategy meeting, Sony CEO Yoshida expressed his optimism about the Indian market, highlighting the country’s status as the most populous in the world. He emphasized

Shein, the Chinese-founded online fashion company now based in Singapore, recently raised $2 billion in its latest funding round, valuing the company at $66 billion. This valuation represents a significant

Indian banks have expressed their concerns regarding the elevated overnight rates at a recent money markets association meeting. Senior treasury officials revealed that they informally approached the Reserve Bank of

On Tuesday, U.S. stocks closed lower as a combination of mixed economic data, weak corporate results, and ongoing debt ceiling negotiations in Washington affected investor risk appetite. While all major

Adani Ports and Special Economic Zone (APSEZ), a prominent company of the Adani Group, achieved a significant milestone in FY23 by handling the highest-ever rail cargo volume. Surpassing the previous

Japan’s economy experienced a growth rate of 1.6% annually in the first quarter of 2023, as private demand rebounded following the easing of COVID-19-related restrictions. This positive performance surpassed market

Indian steelmakers are calling for government support to incentivize the production of ‘green steel,’ also known as low-carbon emissions steel, as they invest in measures to reduce carbon emissions. Currently,

The finance minister of the Philippines, Benjamin Diokno, has stated that the country’s central bank has no reason to raise interest rates further as domestic inflation is easing. Diokno’s opinion

India’s headline retail inflation is expected to continue its downward trend towards 4%, the midpoint of the Reserve Bank of India’s (RBI) target range, according to economists. This decline is

Shadowfax, a last-mile logistics enterprise supported by Flipkart, intends to employ an additional 10,000 riders and delivery associates to seize the opportunities presented by India’s state-sponsored Open Network for Digital

Asian stocks started the week with caution as investors awaited China’s industrial and retail data, and speeches from U.S. Federal Reserve officials to support market pricing of rate cuts this

The recent market volatility has pushed US banking regulators to take actions they did not want to take, including allowing the largest US bank to grow even bigger. As the

Finance ministers from the G7 (Group of Seven) countries met in Japan to discuss various issues facing the global economy, including banking regulation, the impact of Russia’s war in Ukraine,

A former chief of engineering at Bytedance in the United States has alleged that the enterprise terminated him upon voicing his concerns regarding the company’s acquisition of user-generated content from

The  Indian Ministry of Corporate Affairs proposes revisions to the IBC (Insolvency and Bankruptcy Code) which would allow partial sales of stressed companies under the law if a rescue plan

US Treasury Secretary Janet Yellen has opined that the contemporary banking milieu and the concomitant diminution of earnings at certain regional banks may lead to an accentuated consolidation in the

Group of Seven (G7) Leaders countries are expected to discuss China’s use of “economic coercion” in their joint statement during their summit in Hiroshima, Japan on May 19-21. The statement

The state of Uttar Pradesh in India has prepared a road map to become a trillion-dollar economy within the next four to five years. The proposal is currently awaiting approval

Chai has undergone a transformation in recent years, from a commonplace flavour enjoyed by many to a trendy beverage that resonates with the Indian youth, and we have innovative chai

The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) recently informed the National Company Law Tribunal (NCLT) about an order passed by the Securities and Exchange Board of India

Fitch Ratings, a preeminent rating agency, has revalidated the Issuer Default Rating (IDR) of Tata Steel (TSL) at ‘BB+’ with a favorable outlook. Additionally, it has reaffirmed the long-term IDR

The Indian government has asked its industries to prepare for the Carbon Border Adjustment Mechanism (CBAM) that the European Union (EU) is set to impose on imports of goods with

India has endeavored to strengthen its chip manufacturing, following suit with other countries, notably the United States, to curb its reliance on costly imports from Taiwan and China. The Indian

The six-member expert committee set up by the Supreme Court of India to investigate the Adani-Hindenburg row submitted its report in a sealed cover to the court on May 8.

The Supreme Court of India halts the Competition Commission of India’s (CCI) order asking Amazon to pay a penalty of Rs 202 crore ($27 million) for buying a 49% stake

India Woos Global Tech Companies with Incentive Schemes and Micron Technology Investment. Communications Minister Ashwini Vaishnaw is scheduled to meet top executives of tech and semiconductor companies in the US,

On Tuesday, Fitch maintains India’s credit rating at BBB and projected a stable outlook, noting the nation’s formidable growth prospects and resilient external finances as principal strengths. As per the

The luxury housing market in India has witnessed continued momentum in sales and launch activity for the second consecutive year in 2023, according to CBRE’s ‘India Market Monitor Q1 2023’

Excel Entertainment, the renowned production house owned by Ritesh Sidhwani and Farhan Akhtar, has announced the appointment of Vishal Ramchandani as their new Chief Executive Officer. Having been with the

The Reserve Bank of India (RBI) is poised to amass significant gains from its foreign exchange dealings and loans to domestic financial institutions, which will translate to a substantial boon

A relatively obscure culinary delivery alternative in India, the Open Network for Digital Commerce (ONDC), has surfaced with its cost-effective food transportation facilities. Nevertheless, ONDC extends beyond the confines of

According to a recent report by the Financial Times (FT), a portfolio of 38 stocks made by an artificial intelligence chatbot called ChatGPT has outperformed the 10 most popular funds

The world’s third-largest emitter of greenhouse gases, India, Plans to Continue Using Coal as its Main Energy Source Despite Climate Targets for the foreseeable future, according to a report by

India and Russia have reportedly suspended negotiations on a bilateral trade settlement mechanism in rupees. The discussions aimed to establish a permanent payment mechanism in rupees to facilitate cheaper transactions

Cognizant, an IT services company listed on Nasdaq, has announced its plans to lay off 3,500 employees due to an expected revenue decline in 2023. This decision comes as customers

Go First, a budget airline based in India has filed for bankruptcy, leaving its employees uncertain about the future of their jobs. The airline has been facing financial difficulties for

China promotes Yuan as a global currency, in global trade and finance in an effort to reduce the dominance of the US dollar in the international financial system. Over the

Several Indian start-up founders have spoken out against the Internet and Mobile Association of India (IAMAI), accusing the industry body of promoting “pro-foreign” Big Tech views on government regulations and

Ohm Mobility, an Indian company that finances electric vehicles (EVs), has raised INR 30 million (approximately $400,000) in pre-seed funding led by Antler India, a venture capital firm. Other participants

The Securities and Exchange Board of India (SEBI) has put forward a directive to disallow stockbrokers and clearing members from employing their clients’ funds to construct bank guarantees (BGs). SEBI

Centre to infuse equity in 3 OMCs after they announce capex plans. The administration of India is currently contemplating the possibility of injecting additional funds and potentially increasing its holdings

The Indian government has announced a hike in domestic natural gas prices for the month of May, from $7.92 per Metric Million British Thermal Unit (MMBtu) to $8.27 per MMBtu.

Bangladesh has taken a momentous decision to grant India the authorization to utilize its ports, Chattogram and Mongla Ports, for the transit and transshipment of cargo vessels. The National Board

On International Workers’ Day, May 1, Oxfam Analysis Shows that the average salary hike of top-paid chief executive officers (CEOs) in four countries – India, the USA, the UK, and

Electricity bills in some states are set to rise as power-generating companies plan to pass on the cost of expensive coal imports to consumers, according to a report by Mint.

As global temperatures continue to rise, urban areas face the additional challenge of urban humid heat, particularly in the Global South. A recent study by the Yale School of the

Taiwanese electric scooter manufacturer, Gogoro, is planning to make India its global hub for manufacturing electric two-wheelers and for exporting them to all its markets worldwide. The company, which currently

The economic uncertainty in Pakistan has had a profound impact on spending during the Eid holiday, which experienced a 40% decrease in 2023, according to The Express Tribune. The amount

Introduction: Razorpay, an ingenious financial technology enterprise, was founded in 2014 by Shashank Kumar and Harshil Mathur in Bengaluru and in this blog, we are going to discuss Razorpay’s Trailblazing

In recent years, China’s currency yuan, has been gradually gaining dominance around the world, with many countries starting to accept it as a means of payment for international trade. One

ACC on Hindenburg: ACC, a company belonging to the Adani Group, has stated that an independent law firm has reviewed all transactions mentioned in the report by short-seller Hindenburg. In

Hindustan Unilever (HUL), a major FMCG company, has reported a consolidated net profit of INR 2,601 crore for the March quarter of the financial year 2022-23 (Q4FY23), up by 12.74%

Indian documentaries are finally finding their place on the global stage, with films such as “Against the Tide,” “Writing with Fire,” and “All That Breathes” receiving recognition at prestigious film

Adani Group, a ports-to-power conglomerate led by billionaire Gautam Adani, is reportedly in talks with global banks to raise funds for its green energy projects. According to sources familiar with

The Reserve Bank of India (RBI) has removed restrictions on individuals opening interest-earning Foreign Currency Accounts (FCA) in India’s International Financial Services Centre (IFSC). This move is part of the

Twitter received approximately 53,000 legal requests from governments to remove content during the period from January to June 2022, according to a blog post by the social media company. The

US consumer confidence has dropped to the lowest level since July, according to data released by the Conference Board. The group’s index fell to 101.3 in April from 104 in

Anil Agrawal, the Chairman of Vedanta Group, has assured stakeholders that Vedanta Resources Limited (VRL) is financially stable and capable of meeting its debt obligations comfortably. Speaking to The Economic

Tony Fernandes, the founder of AirAsia, is stepping away from the aviation industry to focus on other areas such as health, education, and private equity. Fernandes, who is 58 years

Boeing, the American aerospace company, is reportedly facing some production challenges with its best-selling jet, 737 MAX, which may result in delayed deliveries for Air India and Akasa Air. CNBC

Volvo Cars Tech Fund has announced its investment in an Israeli startup, CorrActions, which has developed AI-powered software capable of detecting cognitive abnormalities in drivers and passengers. The technology uses

JioCinema, a popular streaming platform in India, which recently streamed the FIFA World Cup 2022 and is currently streaming Tata IPL 2023, may soon begin to charge a subscription fee.

On Tuesday, April 25, 2023, Prime Minister Narendra Modi flagged off India’s first water metro in Kerala’s Kochi district. The Rs 1,137 crore project, funded by the German funding agency

Analysts expect Bajaj Auto, the two-wheeler auto major, to report a decline in revenues of up to 11% quarter-on-quarter (QoQ) to Rs 8,312 crore in the January-March quarter (Q4FY23), due

Tata Steel has announced that it is conducting a trial for hydrogen gas injection in a blast furnace at its Jamshedpur Works, with the aim of reducing carbon emissions by

High attrition rates continue to be a problem for two of India’s three major information technology (IT) firms, TCS and Infosys, according to their Q4 financial results. However, experts predict

Indian IT giant Wipro is set to consider a proposal for a buyback of equity shares of the company this week. The board of directors will hold a two-day meeting

Apple is developing an app for its iPhone which will permit users to monitor their physical and mental well-being. The application will enable users to log their everyday actions and

The Covid-19 pandemic has led to a significant increase in remittances sent to low- and middle-income countries by overseas workers, with the World Bank estimating that around $630 billion was

In recent days, the individual appointed to represent the United States in South Asia revealed the nation’s yearning to partake in India’s economic marvel. It was stated that the growth

K Krithivasan is set to take over as the new Chief Executive Officer (CEO) of Tata Consultancy Services (TCS) on June 1st. According to a report by The Economic Times,

India’s economy showed resilience in March despite weakening exports and an increase in unemployment, according to Bloomberg’s Animal Spirits barometer. The overall activity tracker, which comprises eight high-frequency indicators, remained

Mesa School of Business, a higher education startup, has raised INR 34 crore in a funding round led by Elevation Capital and with participation from angel investors such as Kunal

Microsoft’s Digital Marketing Centre (DMC) platform will no longer support Twitter from April 25, according to an announcement by Microsoft. The platform allows businesses to manage ad campaigns across various

Indian fund managers have continued to reduce their holdings in Adani Group stocks, suggesting that concerns about governance within the conglomerate remain despite a rebound in its market value. As

Amidst global economic turbulence, Indian students are continuing to aspire for higher education in US universities, leading to a growth of up to 70% in the number of students applying

The ongoing protests at Blinkit, a quick-commerce platform owned by Zomato, have given its competitors an opportunity to report significant order volume surges. Delivery executives at Blinkit have been protesting

India’s Centre for Development of Telematics (C-DOT) CEO, Rajkumar Upadhyay, said that India’s push for domestic design and telecom equipment manufacturing of would help India compete with global majors. Upadhyay

Financial technology (fintech) firms are seeking to strengthen their legal teams as governments around the world increase regulations and compliance requirements. According to a report in The Economic Times (ET),

Indian fintech unicorn Razorpay has established an advisory board of industry leaders from various fields to set the highest standards in customer experience, corporate governance, and risk and compliance in

The expansion of Apple in the Indian market and its probable emergence as a manufacturing powerhouse for the technology giant have piqued the curiosity of tech enthusiasts and stakeholders alike.

According to recent data released by the Commerce Department, the export of electronic products from India has surpassed that of ready-made garments. The export of electronic products is estimated to

India’s Wholesale Price Index (WPI) inflation for the month of March recorded a decline of 1.34 percent as compared to March 2022, marking the tenth straight month of decline. The

The Indian Federation of App-Based Transport Workers (IFAT) has called on Blinkit, a quick-commerce unicorn owned by Zomato, to reconsider its recent pay cuts for delivery drivers. The national general

Indian state refiners have reported an 8.4% increase in sales of gasoil during the first half of April compared to the previous month. According to preliminary sales data, this rise

Coca-Cola has purportedly procured an insignificant stake in Thrive, an online food delivery platform, to obtain an advantage over its competitors. This strategic investment will furnish Coca-Cola with an opportunity

Zomato’s grocery unit, Blinkit, has become temporarily unavailable after netizens shared their grievances on social media. Since April 14, around 50 stores of Zomato’s Blinkit are shut as bike riders

Tata Digital has launched Tata NeuSkills, a reskilling vertical, to help address the upskilling gap in the ed-tech market. With the pandemic accelerating the need for digital skills, Tata NeuSkills

On Friday, Union Minister Darshana Jardosh addressed a plenary session on grassroots leadership and entrepreneurship at the second Women 20 (W20) international meeting in Jaipur. Jardosh stressed that India is

U.S. Energy Secretary Jennifer Granholm and other senior energy and environment officials from the Group of Seven advanced economies recently attended meetings in Hokkaido, northern Japan, to discuss climate change,

Tata Consultancy Services shares dropped nearly 2% in opening trade on Thursday after the IT major reported mixed financial results for the fourth quarter that ended March 31, 2022. Most

Apple Increases its iPhone production in India, making almost 7% of its iPhones there. The company is now exploring ways to reduce its reliance on China, and with the tensions

N Ganapathy Subramaniam, the TCS COO and executive director, has said that client conversations now start and end with ChatGPT, indicating its growing importance in the IT services industry. Subramaniam

Keshub Mahindra, the former chairman of Indian multinational conglomerate Mahindra & Mahindra, passed away at the age of 99 on April 12, 2023. He had been associated with the company

Foxconn Technology Group, a Taiwanese multinational electronics contract manufacturing company, is set to begin construction of its largest manufacturing unit in India. The mobile manufacturing plant, worth Rs 8,000 crore,

Former Chief Executive Officer (CEO) of Twitter, Parag Agrawal, along with two other former executives, are taking legal action against Elon Musk-owned Twitter over the non-payment of personal legal expenses

LinkedIn Influencers have presented their third annual index of the 20 most influential voices for India. The catalog features notable personalities such as Ankur warikoo and Sharan hegde, along with

Ride-hailing giant Uber has announced that it has sold its $400 million stake in Careem, the Middle East-based ride-hailing company it acquired in 2019, in a move to enhance its

The Securities and Exchange Board of India or SEBI has issued new directives to alternative investment funds (AIFs) in a bid to increase transparency and reduce mis-selling practices in the

The Central Board of Direct Taxes (CBDT) has announced the Cost Inflation Index (CII) for the fiscal year 2023-24. The CII is a crucial tool for taxpayers in India to

A recent report by Redseer Strategy Consultants suggests that India’s e-commerce logistics space will exceed 10 billion parcels by FY28, thanks to new categories and growth in Tier 2+ cities,

Tata Power Delhi Distribution Ltd (TPDDL), the distribution arm of The Tata Power Company Ltd, and the Asian Development Bank (ADB) have signed an agreement to improve power distribution in

Singapore-based sovereign wealth fund Temasek announced on Monday that it will acquire an additional 41% stake in India’s Manipal Health Enterprises from investors including private equity firm TPG and the

Tata Group, an Indian multinational conglomerate, is set to complete its takeover of Wistron’s iPhone plant in Bengaluru, India by the end of April. The move is significant as it

The Pradhan Mantri Mudra Yojana (PMMY) has played a crucial role in funding micro-entrepreneurs in India, according to Prime Minister Narendra Modi. The scheme, which was launched eight years ago,

The Central Bureau of Investigation (CBI) has filed a chargesheet against former CEO and MD of ICICI Bank, Chanda Kochhar, her husband, Deepak Kochhar, and Videocon Group founder, Venugopal Dhoot,

Twitter, the popular social media platform, has recently made changes to its verification system by introducing affiliate badges and phasing out the legacy blue check marks. The primary purpose of

The European Central Bank (ECB) and Swiss National Bank (SNB) have shown minimal usage of swap lines with the US Federal Reserve, despite efforts by central bank officials to encourage

The Indian government has announced its PM Mega Integrated Textile Regions and Apparel (PM MITRA) scheme to set up seven mega textile parks across seven states in India. The parks

China has sent warships and aircraft near Taiwan for a second consecutive day, following Taiwanese President Tsai Ing-wen’s meeting with US House Speaker Kevin McCarthy. Three Chinese warships sailed in

The executive director of the International Monetary Fund (IMF), Kristalina Georgieva, has issued a warning regarding the long-drawn-out deceleration of the global economy, which has been brought about by the

Large-scale layoffs in the Technology sector continue in 2023 amidst rate hikes and companies’ cost-cutting measures The technology sector, which is leading all industries, is witnessing a high number of

The Reserve Bank of India (RBI) announced on Thursday that it is holding its key repo rate steady, prompting CEOs from various industries to express their optimism about the business

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has revised its projections for retail price inflation and economic growth for the fiscal year 2023-24. In a

Samsung Electronics and chip-maker AMD have announced that they have signed a multi-year agreement extension to bring multiple generations of high-performance, ultra-low-power AMD Radeon graphics solutions to an expanded portfolio

The access to cheap Russian crude oil has significantly boosted the output and profits of Indian refineries, enabling them to export refined products competitively to Europe and take a bigger

The Indian government has been implementing various measures to manage the taxation on crude oil and its byproducts like petrol, diesel, and aviation turbine fuel (ATF). The tax rates are

According to data from the Federation of Automobile Dealers Associations (FADA), automobile retail sales witnessed a 14% increase in March compared to the same month the previous year. Similarly, sales

A recent report in The Economic Times has shed light on the difficult situation faced by troubled Indian start-up employees. The cash crunch and pressure from investors have resulted in

OPEC+ has recently surprised the market by announcing a cut in oil production. This move is setting the stage for other oil producers to compete for Asia’s oil demand. Since

Acuite Ratings & Research, a credit rating agency, has revised its forecast for India’s current account deficit and balance of payments deficit. The agency predicts that India’s current account deficit

Capital Foods, the maker of Ching’s Secret spicy noodles and fusion chutneys, is up for sale, and several Indian and global companies are vying to acquire it. Nestle to Tata,

The National Highway Authority of India (NHAI) has announced a hike in toll taxes, leading to costlier road travel across the country. The hike comes into effect from today (1

According to a recent report by Forrester, Tech spending in India is poised to grow by 9.6% this year. The report titled ‘India Tech Market Outlook for 2023 and 2024’

CRISIL Report Forecasts Deceleration, India’s Information Technology (IT), companies are anticipated to encounter a deceleration of 7-9% in revenue growth in 2023 in contrast to this year, as a consequence

A mega startup event in Uttar Pradesh, India, has caused an uproar among thousands of investors and founders after all its advertised promises turned out to be a hoax. The

Ayurveda, a primordial medical system that emerged in India more than 5,000 years ago, is established on the cardinal principle of achieving a harmonious equilibrium between the psyche, soma, and

IMK Capital, a private equity firm, has recently invested in AITMC Ventures Pvt Ltd (AVPL) at a valuation of 500 crore rupees. AVPL is a technology company focusing on vocational

Fashion supply chain start-up, Fashinza, has secured $30 million in funding from Mars Growth Capital and Liquidity Group to expand its business in the USA, West Asia, and Europe. The

On Tuesday, Finance Minister Nirmala Sitharaman will introduce the Competition (Amendment) Bill, 2022 in the Lok Sabha for consideration and passing. The proposed legislation seeks to amend the Competition Act,

Apple has recently launched the latest update to its operating system, iOS 16.4, which brings a range of new features including web push notifications, voice isolation for cellular calls, and

Pegatron Corporation, a Taiwan-based company, specializes in the development, manufacturing, and design of computers, computer hardware, portable devices, and associated peripheral devices. The company was founded on January 1, 2008.

The Indian Government Takes Proactive Measures to instruct state-run banks to adopt stricter monitoring of top corporate loan accounts and submit a plan to deal with business risks in key

Chennai-based construction and construction material manufacturing company Renaatus Projects has secured a $29m contract from the Maldives government to upgrade infrastructure at the international airport on Gan Island. The Exim

The question of why the largest tech firms in Silicon Valley haven’t produced an innovative service with a significant impact on artificial intelligence has been raised by many. However, new

According to a recent poll by Reuters, India’s current account deficit is likely to have improved in the final quarter of 2022 from a nine-year high in July-September. The poll

Tata Motors, the largest seller of electric vehicles (EVs) in India, is reportedly planning to launch exclusive showrooms dedicated to EVs. The Economic Times of India reported that Tata’s EV

Reveal HealthTech raises $4 mn in seed funding from W Health Ventures, an investment firm with a focus on healthcare. This marks the first investment by W Health Ventures in

ICRA, a credit rating agency, ICRA improves the outlook for infrastructure finance companies from “stable” to “positive”. This decision comes after the sector witnessed an improvement in investments and asset

According to recent research by LinkedIn, 63% of Indians feel that working remotely has not affected their careers, but an equal proportion believe that their professional growth could be impacted

Junglee Games, a prominent gaming company owned by the Flutter Entertainment Group, recently announced that Kapil Rathee appointed as Co-Founder of Junglee Games. Rathee has been a part of the

CIIE.CO, the incubation platform of the Indian Institute of Management Ahmedabad, IIM-A incubation platform to invest in 50 new startups across various sectors. The investments will be made over the

Emami, a prominent Indian FMCG company, has recently announced a buyback plan aimed at repurchasing fully paid-up equity shares of the company. This decision led to a 7% increase in

On Tuesday, Chief Minister Basavaraj Bommai inaugurated a convention for the beneficiaries of State and Union Government schemes in Ilkal, Hungund Assembly constituency. During the event, he highlighted the various

Jayanti Chauhan, the daughter of Bisleri International’s Chairman Ramesh Chauhan, will now lead the popular bottled water company. According to a report by the Economic Times, Jayanti Chauhan will take

Reading business magazines offers numerous benefits, one of which is fostering a business mindset. While anyone can conceive of a business idea, possessing a business mindset distinguishes one from another.

A recent study by the US Department of Energy’s Lawrence Berkeley National Laboratory suggests that India can achieve energy independence by 2047, coinciding with the country’s 100 years of independence

The Securities and Exchange Board of India (SEBI) is reportedly planning to make changes to its regulations in order to address concerns related to founders and their family members of

Actor and entrepreneur Parul Gulati recently spoke out about the criticism she has received on social media after securing an investment of Rs 1 crore from Shark and CarDekho CEO

Leading Indian distributors have expressed their concern over the price war between fast-moving consumer goods (FMCG) companies. They fear that the ongoing tussle between these companies will negatively impact their

Info Edge (India) Ltd, a leading online classifieds company, has faced several challenges in their key segments, including recruitment, real estate, and matchmaking. Their Q3FY23 results caused a sharp drop

ICICI Prudential Life Insurance, a major private sector life insurer in India, will soon experience a change of leadership as N S Kannan, the current Managing Director and Chief Executive

India’s transition to 5G may not be as swift as initially predicted, with only a third of telecom users anticipated to make the switch by March 2025, as revealed by

Chinese smartphone manufacturer Xiaomi Corp is rethinking its strategy in India after underestimating changing consumer preferences. Despite being the largest vendor in India’s smartphone market, Xiaomi has been surpassed by

DLF Ltd, a leading real estate company, announced on Thursday that it has successfully sold all 1,137 luxury apartments priced at Rs 7 crore and above, within three days, in

Glenmark Pharma has announced that it has been granted approval from the US Food & Drug Administration (USFDA) to distribute a generic version of Pfizer’s Cleocin capsules, which is an

Series funding is a type of investment that occurs in the early stages of a startup’s growth, usually after seed funding, and before later-stage funding rounds such as Series B

According to India Ratings and Research (Ind-Ra), commercial banks in India are expected to increase their Marginal Cost of Funds Based Lending Rate (MCLR) by 100-150 basis points (bp) in

Cyber-criminals have stolen $197 million in cryptocurrencies from Euler Finance, a crypto lending platform. This attack is one of many cryptocurrency heists in recent years, which have resulted in billions

In the wake of the recent back-to-back collapses of three smaller banks, fear has gripped depositors who are worried that the crisis may spread. As a result, the largest banks

Shriram Finance, a retail non-banking finance company (NBFC) in India, is planning to raise up to INR200bn ($2.44bn) in the next financial year starting in April to fund its growth.

Chennai-based business software firm Freshworks has stated that its exposure to failed American lender Silicon Valley Bank (SVB) is minimal and that it has not seen any disruption. In a

Cybersecurity researchers have identified a significant rise in YouTube videos containing links to malware that can steal sensitive financial data from computers. CloudSEK, an AI cybersecurity company, revealed that it

Last week, the collapse of Silicon Valley Bank, where around 8% of Circle Internet Financial Ltd.’s USD Coin (USDC) reserves were deposited, caused the stablecoin to fall below its $1

PhonePe, a digital payments platform, announced on Saturday that it has achieved an annualized total payment value (TPV) run rate of $1 trillion, or Rs 84 lakh crore, primarily due

According to the Central Board of Direct Taxes (CBDT), net direct tax collection in India has grown by 17% to reach Rs 13.73 lakh crore so far this fiscal year.

DLF, a major realty developer in India, is close to completing its second commercial project in Chennai, called ‘DLF Downtown’. The project is aimed at catering to clients in the

China’s Parliament recently confirmed Li Qiang as the country’s new Premier, succeeding Li Keqiang who held the post for the last 10 years. Li Qiang is known to be a

On Thursday, Silicon Valley Bank (SVB) announced a share sale to address a significant loss on its portfolio, causing widespread panic in the tech industry and leading to a decline

Tata Technologies Ltd. has recently requested approval from the Securities and Exchange Board of India (SEBI) to carry out an initial public offering (IPO). The IPO will consist of the

  Flipkart co-founder Binny Bansal is reportedly considering a significant investment of $100-150 million in the digital payments platform, PhonePe. The company is in the midst of a funding round,

WatchGPT, an app designed specifically for Apple Watch users, has been launched to grant them access to ChatGPT, the esteemed AI-fueled chatbot from OpenAI. Priced at $3.99 (roughly £2.90), the

Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries Ltd, has announced its intention to acquire communications equipment manufacturer Mimosa Networks for $60 million. The acquisition is aimed at bolstering

India’s preeminent information technology corporation, Tata Consultancy Services (TCS), is allegedly nearing completion of a transaction worth a staggering $1 billion with the United Kingdom-based retail giant, Marks & Spencer

Bengaluru-based neobanking startup Open has reported a standalone net loss of INR 167.5 Cr in the financial year 2021-22 (FY22), representing a 155% YoY rise. The firm, which became India’s

Indian direct-to-consumer D2C silver jewellery startup GIVA has secured INR 40 crore ($4.8m) in debt funding from venture debt company Alteria Capital. The company intends to use the funds to

India is at a high risk of power cuts during the night due to delays in adding new coal-fired and hydropower capacity, which could limit the country’s ability to address

Indian Prime Minister Narendra Modi recently delivered a noteworthy speech at the 10th webinar on Budget, where he exhorted the country’s private sector to amplify their investment endeavors in the

Over the past two years, India has faced challenges due to more expensive raw materials and a stronger US dollar, which have soared in tandem. This has led to stagflation

JPMorgan Chase & Co has forecasted that dealmakers in India should anticipate another robust year for mergers and acquisitions, as companies may seek to diversify into the South Asian nation

According to the Director of Reliance Retail, Subramaniam V, the retail market in India is anticipated to ascend to an impressive value of USD 2 trillion by the year 2032,

Reliance Capital’s assets are set to be auctioned for a second round on March 20, with a minimum upfront cash amount of Rs 9,000 crore required for interested bidders. However,

According to data released by the Federation of Automobile Dealers Association (FADA), there was a 16% year-on-year (YoY) increase in automobile retail sales in February. This growth was primarily driven

On Monday, shares of recreational service companies such as Imagicaaworld Entertainment and Wonderla Holidays experienced significant demand, with a rally of up to 11% on the BSE in intra-day trading,

The recent notion by the Indian admin to lower the windfall profit tax on exports to a min of Rs 0.50 per liter and complete waiver of aviation turbine fuel

Prime Minister Narendra Modi recently spoke about the significance of the PM Gati Shakti Master Plan in an infrastructure and investment webinar. The Master Plan is a critical tool that

Venture capital (VC) is a different method of financing that includes the provision of funds to newly built start-ups and small businesses that have high growth and potential with an

In a startling twist, despite the dismal funding landscape, a staggering 21 startups in India achieved the coveted status of a unicorn in the bleak year of 2022, sending shockwaves

Lufthansa, the distinguished German flag bearer, has proclaimed its restoration of profitability in the year 2022, following two consecutive years of losses triggered by the Covid-19 pandemic. The carrier attributed

At the Global Investors Summit 2023, Reliance Industries, led by their head honcho Mukesh Ambani, has proclaimed a noteworthy announcement. The corporation has taken a pledge to finance the establishment

The recent War efforts by Russia on Ukraine have instigated an adverse impact on the global economy, especially for the safety of energy and food supply. In order to counteract

On March 3, 2023, the Nifty PSU Bank index surged almost 4 percent on the National Stock Exchange (NSE) amid a sharp rebound in Adani group stocks. This gain was

The recent market meltdown of the Adani Group, a conglomerate in India, has shown some signs of improvement after a tour to restore confidence and a $1.9 billion investment from

ValueQuest Investment Advisors, a public market investor based in India, has launched a new private equity fund and plans to raise up to INR 1,000 Cr ($121 Mn) for it.

  Sunteck Realty Limited, a luxury real estate development company based in Mumbai, has leased out approximately 200,000 square feet of the built-up area of its premium commercial building, Sunteck

Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has been named as the Business Standard Banker of the Year 2022, due to his successful navigation of technology-related challenges

  Slang labs is a Bengaluru-based startup that has launched a full-stack solution that provides smart and accurate multilingual voice search capabilities within e-commerce apps known as Conva. The startup

According to a recent report by Ookla, a network intelligence and connectivity insights company, has highlighted the impact of 5G on internet speeds and availability in India. The report conveys

Moody’s Investor Service on Wednesday conveyed that they have revised the economic growth estimate of India for 2023 to 5.5 percent from the earlier projections of 4.8 percent due to

According to a recent survey, India’s Manufacturing sector expanded at a slower rate than in February, this marked the slowest growth in four months. The manufacturing sector remained relatively strong

Atsuya Technologies which is a Chennai-based deep tech startup has been awarded the “Great Place to Work” Certification due to its “People-first approach” and “High-Trust work environment”. Atsuya works with

According to some sources who are directly involved in these matters conveyed to Reuters on Tuesday that a fire incident at the Foxlink factory in southern India will most probably

Paytm, a digital payments and financial services firm saw an increase in stake from Chinese investor Ant Financials and domestic mutual fund players following a recent buyback. According to a

According to an official from the Ministry of Commerce, the decrease in imports during the month of January was attributed to the implementation of the Make in India initiative. In

Qualcomm, a semiconductor manufacturer, has revealed that its Snapdragon satellite technology will soon be available on a majority of Android smartphones. This development was confirmed by 9To5Google, which reported that

The Cellular Operators’ Association of India (COAI) has defended its position on the demand for reasonable “usage charges” from Over-The-Top (OTT) communication service providers, stating that it is a reasonable

On February 26, 2023, Nokia, a Finnish company that produces telecommunications equipment, announced a new brand identity aimed at achieving aggressive growth. This marks the first time the company has

According to TechCrunch, Microsoft is set to release a new hybrid cloud platform, the “Azure Operator Nexus,” specifically designed for communication service providers. The platform is intended to help these

Narayana Murthy, one of the founders of Infosys, has called upon Indian entrepreneurs to develop distinctive solutions for the market, in the midst of an alleged “funding winter” that has

The Indian stock market has been facing several challenges in recent months, resulting in a decline in trading volumes and a loss of faith from investors. The market reached a

Mphasis, an IT company, has been accused by several new recruits of delaying their onboarding process, with some even taking to social media to express their concerns regarding the issue.

It has been reported that a significant consolidation in the Indian fintech industry may be on the horizon, as Airtel Payments Bank and Paytm Payments Bank could potentially merge. According

The G20 Presidency of India is deemed to be of utmost significance, particularly during the present times when the world faces various challenges such as the conflict in Ukraine, disruptions

The latest report on Friday indicates a substantial growth trajectory in the auto component replacement sector, with an estimated surge of 6-8 per cent in the upcoming fiscal year. The

From April to January of the current fiscal year, coal production experienced a surge of 16 percent, reaching a total of 698 million tonnes. This represents a significant increase compared

On Friday, NSE Indices Ltd, a subsidiary of NSE, announced the release of the first municipal bond index in India. The Nifty India Municipal Bond Index will monitor the progress

A recent survey conducted by Reuters, consisting of 42 economists, suggests that India’s economic growth has decelerated in the October-December quarter due to diminishing demand, and is expected to lose

Bangalore has earned the moniker of India’s Silicon Valley due to its reputation as a hub for innovative startups that continues to flourish. The city has given rise to numerous

Jammu & Kashmir has become a focal point for foreign investors, particularly from West Asian nations, with various sectors such as shopping malls and food processing garnering attention. Emaar Group,

According to a blog post by Samsung on Tuesday, the company has maintained its position as the leader in the TV industry for the 17th consecutive year. This achievement is

The Singapore Indian Chamber of Commerce and Industry (SICCI) has advised Small and Medium Enterprises (SMEs) operating within the city-state to utilize the PayNow-UPI linkage to facilitate business transactions with

Fibe, previously known as EarlySalary, which is the largest app for consumer lending in India, has provided loans amounting to Rs 10,000 crore to four million borrowers till now. The

On Tuesday, Mahindra and Mahindra revealed that it has engaged in an agreement to transfer assets between itself and its wholly-owned subsidiary, the electric vehicle (EV) subsidiary. The assets to

In 2022, India’s True Wireless Stereo (TWS) earbuds shipments registered an impressive 85% year-on-year growth, with boAt leading the market for the third consecutive year. This was revealed in a

NTPC Green Energy Ltd (NGEL), a subsidiary of National Thermal Power Corporation (NTPC), has announced that it is inviting bids for a term loan denominated in Indian rupees. The loan

According to a news report in The Economic Times (ET), banks in India have made a request to the Reserve Bank of India (RBI) to ease the regulations related to

According to JLL India, a company that provides real estate and investment management services, the total amount of office space leased out in January across seven major cities increased by

According to a report by The Economic Times, manufacturers of electric two-wheelers are encountering a significant obstacle as the government has ceased the distribution of subsidies that were allocated for

Ola Electric, a company led by Bhavish Aggrawal, has announced plans to invest slightly more than INR 7,600 Crores in the next five years to establish manufacturing plants in Tamil

Cipla’s stock price dropped by 7% to Rs 956.20 during intra-day trading on Monday, following the company’s announcement that the US Food and Drug Administration (FDA) had issued a Form

According to a report by Nasscom, India is currently leading in terms of AI skill penetration and concentration of AI talent, while ranking fifth in AI scientific publications. The report

GAIL (India) Ltd, which is the largest gas distributor in India, has announced its interest in acquiring a partial ownership stake of up to 26% in a project or facility

Bharat Electronics Limited (BEL), a defence Public Sector Undertaking, and Israel Aerospace Industries (IAI) have recently signed a Memorandum of Agreement (MoA) to establish a joint venture. The primary objective

Industry insiders report that Air India will need over 6,500 pilots to manage the operation of 470 planes from Airbus and Boeing that are expected to be delivered in the

While Aero India 2023 is bustling with activity, a group of startups and MSMEs from Karnataka are quietly making their presence felt with their creative range of products. The Karnataka

Nestle India Ltd, a leading fast-moving consumer goods company, announced a significant rise of 65.50% in their net profit for the fourth quarter, which concluded on December 31, 2022. The

Adani Power Ltd’s agreement to purchase thermal power assets worth Rs 7,017 crore from DB Power has collapsed as the initial contract has lapsed. Adani power in a regulatory filing

On Thursday, the information technology (IT) sector witnessed a surge in stock prices, with Tata Consultancy Services (TCS), a major player in the industry, reaching a nine-month high. Additionally, Tech

According to a report by The Economic Times (ET), the government has rejected the analysis presented by certain economists who claimed that the retail inflation for January had been overestimated.

On Wednesday, Maruti Suzuki India, an automobile manufacturer, announced that it had entered into a partnership with SMAS Auto Leasing India Pvt Ltd. The purpose of this collaboration is to

Bharat Electronics Ltd (BEL), a defense company owned by the Indian government, has entered into a Memorandum of Understanding (MoU) with Goa Shipyard Limited (GSL) to collaborate in exploring worldwide

According to sources familiar with the matter, Reliance’s JioMart has discontinued its JioMart Express quick grocery delivery service, which was introduced in March 2022. The Economic Times (ET) reported on

On Tuesday, Torrent Pharmaceuticals announced that they have entered the over-the-counter (OTC) market in India with their brand, Shelcal 500. This calcium supplement brand was previously only available as a

Nokia and Kyndryl have decided to continue their collaboration for an additional three years, having already worked together for a year and secured more than 100 clients for their 5G

On Monday, according to the bulk deals data from the National Stock Exchange, Baring Private Equity sold a substantial 9.8% stake in Coforge Ltd through an open market transaction, amounting

  PTC India, a company that provides solutions for power trading, has reported a significant increase in its consolidated net profit for the third quarter of the fiscal year 2022-23.

According to the Society of Indian Automobile Manufacturers (SIAM), the sales of domestic passenger vehicles (PVs) in January increased 17.23% compared to the same period last year, totaling 298,093 units.

The recently concluded UP Global Investors Summit saw a significant amount of investment proposals being directed towards renewable energy, electronics manufacturing and industrial parks. These sectors emerged as the top

According to property consultancy Anarock, the upward trend in house rents in major Indian cities is expected to persist in 2023, due to continued high demand. Over the period from

DBS Group, Southeast Asia’s largest bank, has a well-monitored exposure to India’s Adani group of companies, according to the bank’s CEO. He emphasized that the bank has a deliberate and

Domestic markets are expected to open with a lackluster performance on Monday, prior to the release of significant inflation data and in light of bleak global sentiments. At 7:15 am,

IdeaForge, a Mumbai-based company that specializes in the design and manufacture of drones for various applications including mapping, security, and surveillance, has submitted a proposal to the Securities and Exchange

India recently presented a market borrowing plan that was lower than anticipated, as part of an effort to reduce the budget deficit by increasing dependence on the country’s small savings.

The Finance Minister of India, Nirmala Sitharaman, has emphasized the need for the International Monetary Fund (IMF) to develop a globally synchronized strategy for the regulation of crypto assets. She

Zepto has initiated a new program and application aimed at enhancing the involvement of farmers who market their produce, including fruits and vegetables, on the Quick Commerce platform. During an

On Friday, Sun Pharmaceutical Industries announced that its subsidiary has been granted approval by the US Food and Drug Administration (FDA) to market a generic drug for the treatment of

According to ANI, the Chinese company Alibaba Group has completed its exit from the Indian digital payments company Paytm. Alibaba held a 3.4% ownership in Paytm’s parent company, One97 Communications,

The Bengaluru-based financial technology company CRED has revealed a significant increase in losses for the fiscal year 2021-2022, amounting to INR 1,279 crore. This represents a 2.4 times increase from

The Union Minister, Jitendra Singh, announced on Thursday that India’s annual generation of nuclear power had reached 35,333 million units in the 2021-2022 fiscal year. This represents a significant increase

On Thursday, Piramal Pharma announced their financial results for the third quarter of the fiscal year which ended on December 31, 2022. The company reported a consolidated net loss of

Recently, there has been significant attention on the stock of Ambuja Cement Ltd due to the decline in the Adani Group shares. On Thursday, the stock experienced a 5% drop

Meta, a company that provides monetization features for social media platforms, has announced plans to expand its “Gifts” feature, which focuses on monetizing Reels content on Instagram, to users across

Cummins India, a leading manufacturer of diesel and natural gas engines for various markets, has seen its shares reach a record high on Thursday. The stock price rallied 10% on

The government and the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) seem to have differing views on the projected nominal economic growth for the 2023-2024 financial

A private equity firm based in Singapore named I Squared Capital has made a significant investment of $100 million, enabling them to acquire a controlling interest in Polaris Smart Metering

On the 8th of February, 2023, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, made a public announcement regarding a hike in the repo rate by 25

AI market research platform provider, Entropik, has secured $25 million in Series B funding through a round led by Bessemer Venture Partners and SIG Venture Capital, with additional support from

The CEO and Whole-Time Director of Adani Ports and Special Economic Zone, Karan Adani, has stated that the company is aiming to achieve an EBITDA (Earnings Before Interest, Depreciation, Tax,

According to a note released by CreditSights, a subsidiary of Fitch Ratings, the exposure of the State Bank of India to the troubled Adani Group is considered to be under

Vedanta Limited has recently made a public announcement regarding the appointment of David Reed as the CEO of its semiconductor division. According to a report from the Economic Times, Mr.

Swiggy has recently added three independent directors to its board of directors. The new directors are Mallika Srinivasan, Shailesh Haribhakti, and Sahil Barua. They bring expertise from various industries, including

Vodafone Idea stock prices jumped 24% to reach a high of Rs 8.57 on the Bombay Stock Exchange after the Indian government converted the company’s accumulated interest of Rs 16,133

The shares of One 97 Communications Ltd, also known as Paytm, saw a rise of over 7% in Monday’s trading on the BSE, with each share being worth ₹563, following

According to a report by the newspaper Mint on Monday, the Adani Group in India is looking to reduce its capital expenditure plans. This decision comes a few days after

India has made substantial plans for the green energy sector in its budget to align with the global emphasis on sustainable energy and decrease its carbon footprint. The government unveiled

Anand Mahindra, the chairman of the Mahindra Group, who is known for sharing posts on non-traditional and motivational topics on his social media, has voiced his support for the Adani

Indian oil refineries are now using the United Arab Emirates dirhams to pay for the majority of their oil from Russia, which is purchased through Dubai-based traders, according to four

On Friday, Moody’s Investors Service, a global credit rating agency, stated that a part of Adani Group’s intended capital expenditures can be postponed. Additionally, Moody’s mentioned that the unfavorable events

India Cements Limited, a major company in the cement industry, ended the third quarter of the financial year 2023 with a net profit of Rs 90.73 crore. This profit was

Abhinay Maths, a well-known educational platform, has received funding from Classplus, a top B2B edtech company in India. The funding will be utilized to expand the business and enhance branding

Cognizant, a company listed on the NASDAQ stock exchange, announced its fourth-quarter financial results for the fiscal year 2022, revealing a net profit of $521 million, representing a 9.5% decrease

The Adani Group has faced criticism over accusations of fraud and stock manipulation, and now it has received another blow from the US markets. The main company of the group,

The Union Budget 2023, presented by the Finance Minister Nirmala Sitharaman, has been a much-anticipated event in the financial world. The Budget is seen as a roadmap for the government’s

  In the 2023 Union Budget speech, Nirmala Sitharaman, the Finance Minister, stated that the central government anticipates reaching its fiscal deficit target for the current fiscal year of 6.4%

In the Union Budget 2023 presented by Finance Minister Nirmala Sitharaman on Wednesday, she stated that this is the last budget of the Modi 2.0 government before the General Elections

In the 2023 Budget, the government introduced a plan to support the growth of the economy through initiatives such as establishing Centers of Excellence for Artificial Intelligence. The goal is

  The annual budget for the 2023-2024 fiscal year, to be presented by Finance Minister Nirmala Sitharaman on February 1st, is highly anticipated. As this is the last full-year budget

As part of a restructuring effort amidst the global economic slowdown, OLX Group is reducing its workforce by 15%, affecting over 1,500 employees globally, including in India, as part of

According to a report by The Economic Times, Indian app developers hold the belief that the disentanglement of Google’s app ecosystem in India will present opportunities for them to establish

Samsung Electronics reported a significant drop in its Q4 operating profit, with a decrease of nearly 70% compared to the same period the previous year. The decline was attributed to

The Union Budget for the 2023-24 financial year will be presented by the Finance Minister, Nirmala Sitharaman, on February 1, 2023. As it is the final full budget before the

Laurus Labs Ltd, a company based in India, announced an increase of 32.1% in its profit for the third quarter of the year. The boost in profit was due to

According to a report released on Monday, the demand for affordable housing in Indian cities decreased from a significant 39% in 2018 to 26% in the previous year, as the

On Monday, Tata Power announced a partnership with Contour, a prominent digital trade finance network based in Singapore, with the aim of enhancing the strength, clarity, and efficiency of its

According to a recent report, Apple has made a remarkable achievement by becoming the second largest smartphone player in China for the first time in a whole year, despite a

In the fiscal year 2022, the co-founder and managing director of the fintech platform BharatPe, Ashneer Grover, received a salary of 1.69 crores, and his wife, Madhuri Jain Grover, who

Murugappa group’s subsidiary, Tube Investments of India (TII), has acquired all shares of Cellestial E-Mobility Pvt Ltd, a startup located in Hyderabad that specializes in creating and producing electric tractors,

JioMart, the grocery platform owned by Reliance Jio, is reportedly testing the government’s Open Network for Digital Commerce (ONDC) and may join the network soon. ONDC is a government initiative

An official statement announced that a high-ranking American official will be visiting India for meetings with their Indian counterpart in the foreign office. Victoria Nuland, the Under Secretary of State

Venture capital firms based in the United States that are investing in India are looking forward to the Union Budget 2023 to provide support for the expansion and progression of

Anupam Rasayan India Ltd, a chemicals manufacturing company announced on Friday that its consolidated net profit had increased by 43.61% to reach a total of Rs 54.43 crore during the

Fast-moving consumer goods company, Jyothy Labs Ltd, has reported an impressive increase in their consolidated net profit for the third quarter ending December 31, 2022. The net profit jumped by

The Reserve Bank of India (RBI) recently ordered the State Bank of Mauritius (SBM) India to halt all transactions using the Liberalised Remittance Scheme (LRS). As a result, fintech startup

According to a report by Mint on Friday, Tata Sons, the holding company of the Tata Group, is considering investing between $1.5 billion and $1.8 billion in the newly proposed

The pharmaceutical company Cipla announced on Wednesday that their consolidated net profit had increased by 7 percent to reach a total of Rs 808 crore for the quarter ending December

India’s central government’s market borrowings for 2023/24 may be lower than expected due to a potential non-rollover of securities used to compensate states for GST shortfalls, according to economists. However,

According to Union minister Rajeev Chandrasekhar, it is expected that by March of this year, a total of five to seven countries will have agreed to implement technology platforms that

According to a senior official, the government of the Indian state of Goa has initiated the procedure of selling off the rights to mine iron ore in five additional blocks

Blackstone is engaged in discussions to divest a substantial portion of its interest in India’s leading real estate investment trust, Embassy Office Parks, to Bain Capital, as per information from

The Indian government plans to issue its initial green bond, referred to as “greenium,” with yields lower than current market rates and has identified 400 billion rupees ($4.92 billion) worth

At a busy port in China, technicians in a remote control room monitor automated cranes as they transfer cargo containers from a Japanese ship to autonomous trucks. This vision is

According to recent reports, Jeff Bezos, a billionaire American entrepreneur, is considering divesting from The Washington Post in order to acquire a professional American football team, specifically the Washington Commanders.

According to a report by The Economic Times, Tata Motors, a leading Indian manufacturer of commercial vehicles, has begun to decrease the incentives it provides on its trucks in order

According to a report by The Economic Times, Apple has achieved a significant milestone by becoming the first company to export smartphones worth $1 billion in a single month from

Vistara, the airline company, achieved profitability for the first time in the quarter ending December 2022, due to an increase in both operations and revenue. The airline company did not

According to a survey of economists conducted by Reuters, the Indian government is expected to decrease the rate of capital investment growth during the upcoming fiscal year due to a

On Monday, EaseMyTrip announced plans to open physical stores in India through a franchise model. The online travel company stated that these stores, called EaseMyTrip Franchise, will provide customers with

Punjab & Sind Bank has updated its forecast for net interest margins for the fiscal year 2023, raising the estimate from 2.90% to a range of 2.95-3.0%. The change is

A recent report indicates that the Pakistani government could experience a stoppage of all export cargo as foreign shipping companies are contemplating ending their services as a result of the

The season of layoffs continues as another tech company has fired 200 employees from their team in order to cut costs. Medibuddy which is an end-to-end digital health platform have

Rajeev Chandrasekhar, the Junior IT minister, has asked tech companies to give some of their profits to the online versions of print news publishers. The minister of state for electronics

India’s largest company by market value, Reliance Industries Ltd (RIL), reported a decrease of 13% in its consolidated profit for the third quarter due to poor performance in its oil-to-chemicals

An economic think tank, GTRI, stated on Friday that implementing measures such as faster refunds for duties, addressing issues with inverted duties, and treating exports via post and courier the

Coforge Ltd, an Indian IT services provider, announced a significant increase in its third-quarter profit of 24%, which exceeded expectations. This was due to a number of large outsourcing agreements

Moody’s, a global rating agency, has raised the long-term local and foreign currency deposit ratings of Bank of Baroda, Canara Bank, and Punjab National Bank from “Ba1” to “Baa3” due

Tanishq, a top jewelry retail company owned by Tata in India, has opened its first store in the United States located in Little India, New Jersey. The store was officially

A report on Thursday indicated that last year, Indian fintech startups raised $5.65 billion in 390 rounds, a significant decrease of 47% in terms of funding amount and 29% in

On Thursday, the industry association CMAI announced that it has entered into an agreement with AREAS to share information and knowledge on policy and regulatory developments, advancements in the carbon

Despite a difficult global economic situation, investors in technology continue to invest significant amounts of money in Indian tech firms. A recent report from Dealroom and London & Partners found

In December, India’s economy showed signs of improvement as business conditions picked up, recovering from a slowdown the previous month. This was indicated by an increase in “animal spirits”, which

The finance ministry has requested suggestions for spending for the last installment of additional funding requests from different government departments and agencies before the Budget session of Parliament begins. The

Lotte Confectionery, a company based in South Korea, plans to invest 450 crore rupees in its Indian subsidiary, Havmor Ice Cream, over the next five years. A significant portion of

The stock price of Landmark Cars reached a new peak of Rs 598.60, increasing by 7% on the BSE during Wednesday’s trading session, following the company’s announcement of a robust

The cardiac drug market in India, worth 200 billion rupees, is set to change as generic versions of Novartis’ heart failure medication Vymada are introduced. On Monday, Glenmark Pharmaceuticals, based

Foxconn Technology Group has chosen a new leader for its iPhone assembly operations following a difficult year in China. This move is part of the company’s strategy to prepare young

Microsoft is in discussions to invest up to $10 billion in OpenAI. Microsoft plans to integrate OpenAI’s popular AI bot ChatGPT into its Azure services, which has led the company

Electric car maker Triton EV is in the process of buying the debt-laden AMW Motors factory in Bhuj for Rs 210 crore, sources say. Sources have confirmed that on the

Aseem Ghavri is the founder of Codebrews Labs, a software development company that specializes in providing a wide range of services including web and mobile app development, e-commerce solutions, and

US inflation eased slightly in December but ended 2022 with slightly higher inflation. According to Labor Department data released Thursday, the US consumer price index fell a very modest 0.1%

India is a young country. The majority of the population belongs to the working age group between the ages of 18 and 60. According to the economic survey, his net

Sah polymers on the dawn of Thursday made a blockbuster debut. The shares of the packaging company’s shares listed in the markets at Rs 85 a 31 Percent premium over

The position of Egypt in the global economy was never considered as a boon or a boost. However, in the scenario of a global economic downturn the unstable midwest countries

The shares of Sona BLW precision forgings ( Sona Comstar ) increased by 9 percent in the intraday after the company proclaimed that they have signed an agreement with serbia

The gigantic conglomerate Tata is in final talks to take over Wistron iphone plant in southern India. This deal will provide India its first ever indigenous iPhone maker if it

Indian agriculture-based startup cropin has raised Rs 113 cr($14 million ) in its funding round from google, Japanese conglomerate Jsr corp, and the existing investors ABC impact and Chiratae Ventures

The share price of Tata’s jewelry division Titan Co tumbled 2 % and is now trading at  2500 in Monday’s intraday trade after the company’s jewelry division reported a 11 percent

LG Electronics on the eve of Saturday have announced that their estimated fourth-quarter operating earnings will be 65.5 billion won ($51.6 million), down 91.2 percent from a year earlier. According

Manchester city along with tech giant Sony are building a metaverse. At the Consumer Electronics Show (CES) 2023, tech giant Sony gave attendees a sneak peek of the metaverse experience

IMF is optimistic that indian economy is all set to shine as it has been reported by the institution that india’s real gdp growth for the current fiscal is 6.8%

In Friday’s trading on the BSE, shares of Lotus Chocolate soared to reach the upper circuit level of 5%, reaching 156 each. The reason being the open offer by reliance

Zerodha ceo in the midst of the ipo market frenzy said that Startups are concentrating on increasing their valuations amid the craze surrounding the IPO market. Nithin Kamath, the CEO,

The indian government’s capital expenditure utilization has increased by 63% for Apr-Nov for the year 22-23 as compared with the same period in the previous fiscal year  The central govt

The Indian government has proclaimed that they have identified two lithium mines and one copper mine in Argentina and they are moving forward to acquiring it.  The government of India

Volkswagen group on the dawn of Wednesday have conveyed that the sales of the company in india have grown 85.48 %  The German automotive group Volkswagen’s have said that the

Microsoft Chairman and CEO Satya Nadella is upbeat about India’s future, particularly in the technology sector, given the country’s growing base of software developers, the rise of artificial intelligence (AI)

Fmcg company Marico on the noon of Tuesday announced that they are going to expand their Saffola branding by introducing ready-to-eat snacks.  Saffola Munchiez, a new snack from FMCG company

Tesla inc on the dawn on monday has reported that the Q4 deliveries fell by about 34000 vehicles due to short of production as logistics is hampered.  On Monday, Tesla

The manufacturing sector of India ended 2022 in a solid state due to the improvement in business conditions at the fastest rate in over two years.  The data from a

Ahmedabad based Torrent power is in early talks to procure Renew Energy’s 1.1 Gigawatt power plant for $1.2 billion dollars According to a Mint report, Torrent Power and ReNew Energy

The Reserve bank of India on December 30 through a press release announced that they are planning to hike the interest rates on floating rate saving bonds(2020) to 7.35% from

Indonesia on the dawn of friday announced that they will tighten the policies regarding palm oil exports in order to ensure that there is sufficient supply back home. The country

Taiwan semiconductor manufacturing company(tsmc ) on Thursday announced that they are going to mass produce the 3nm chips in the coming years.  After Samsung achieved 3nm production six months ago.

The state of the Indian economy can be determined by three factors. As the Indian economy is faring better than any other advanced economics. Deep research is required to understand

The world is looking at India as an alternative for Chinese telecom solutions as the global supply chain is in the doldrums due to geopolitical uncertainties.  India has come forward

Tesla shares fell for the 8th straight day making a record of the longest losing streak for the electric vehicle maker fuelled by global slowdown as well as china mismanagement

The finance ministry is all set to present the union budget on february 21. It is uncertain what can be included and excluded from the budget however we know that

The Ministry of Electronics and IT (MEITY) on the dawn of Tuesday announced that they are working on a PLI scheme with an outlay of around Rs12000 cr to promote

As China is entering into a consolidation phase due to rising covid cases and a slumpy real estate  breakdown and  US & Europe is likely to enter into a recession,

Indian economic trajectory is in the right direction as it is being predicted that the economy is all set to become the world’s third-largest economy by 2037 fueled by high

On the dawn of Monday Godrej Properties ltd have announced that they are entering into a joint venture with Neelkamal Realtors Towers Private limited(NRTPL) for the development of property in

In order to make sure that the mistake of maintain oxygen doesn’t arise again. The central govt through a letter has conveyed the states/Ut’s asking them to prepare for any

The global economy is in the doldrums as we head to 2023 and it is expected that developments are expected to complicate the situation further for the indian economy and

On the dawn of Friday Walmart-owned ecommerce platform Flipkart and digital payment platform Phonepe announced they have completed the ownership separation of phonepe from Flipkart as the company goes for

Most Asian markets indexes crashed on Friday following the losses extended by wall street in the west while investors also glanced at the economic data in the region.  Japan’s data

Alphabet and Google’s CEO Sundar Pichai is given an equity award every three years regarding his performance  Google’s parent company on Wednesday announced that it has approved after the board

Reliance Industries subsidiary Reliance retail ventures ltd ( RRVL) on the morning of Thursday has conveyed that they have signed a definitive agreement to acquire Metro AG’s business in India 

The world watches in utmost concern as the world’s most populous country China get prepared for a high surge in severe covid cases this winter over the next few weeks. 

India is finally going ahead with the plan to become a global economic power by signing Free Trade Agreements ( FTA’s) with key trade partners Anupriya patel, minister of state

The largest bank’s in the world will earn more dealmaking fees in India than China this year. The financial world describes it as a change of focus as they sway

Ericsson India to ramp up their production to meet the demand of 5G in india. This directly provides employment to 2000 people.  The Telecom giant Ericsson India on the dawn

The TATA group is in final talks to acquire a majority stake in India’s eight largest mutual fund UTI Asset Management Company ( AMC ).  The sources from internals are

Tejaswi Surya, MP of Bangalore South constituency during the zero hour in the Lok Sabha raised the issue that the basic concepts of money management skills need to be taught