Entrepreneurs Of The Year 2024: Visionaries Leading India’s Entrepreneurial Revolution
The world currently has the largest number of entrepreneurs. According to the latest data from 2024, the entrepreneurial spirit has reached new heights. As of April 2024, over 127 thousand startups have been officially recognised by India’s Department for Promotion of Industry and Internal Trade (DPIIT). This number is indicative of the country’s vibrant entrepreneurial…
SBI’s New ‘Amrit Vrishti’ Plan: Is It A Risky Bet?
India’s largest bank, SBI, has launched one of its highest interest rates, bearing FD: Amrit Vishti. According to the bank, the FD will offer an interest rate of 7.25% on deposits for 444 days and is open for domestic and non-resident Indian customers. They added that the interest rate for senior citizens will increase by…
RBI’s Clampdown on ECL Finance and Edelweiss ARC
In a decisive move to uphold regulatory compliance and safeguard the financial system’s integrity, the Reserve Bank of India (RBI) imposed severe business restrictions on two entities of the Edelweiss Group: ECL Finance (ECL) and Edelweiss Asset Reconstruction Company Limited (EARCL). Effective May 29, 2024, the RBI’s supervisory action is a response to material supervisory…
Inside the Hedge Fund’s Dark Scheme Against Adani
In light of recent events, SEBI (Security Exchange Board of India) released a shocking revelation regarding the Hindenburg report on Adani Entreprises. In its report, the regulator mentioned that the US-based research firm Hindenburg made a profit-sharing deal with Kingdon Capital Management LLC to share research reports before making them public. Ultimately, this resulted in…
General Election Result, Good Or Bad For Economy?
The general elections of the biggest democracy in the world, India, have commenced, and the BJP-led NDA (National Democratic Alliance) has successfully gained the majority to hold power for the third consecutive time. PM Modi is the only national leader other than Jawaharlal Nehru to become the nation’s prime minister thrice. However, the uncertainty in…
Zomato Faces Massive ₹9.45 Crore GST Demand Notice
As per the BSE exchange filing, on June 30, Karnataka’s Assistant Commissioner of Commercial Taxes issued a GST demand notice to Zomato for Rs. 9.45 crore, including interest and penalty. The company’s exchange filing mentions, “This is to inform that the company has received an order for FY 2019-20 pursuant to the audit of GST…
Countdown to 5G: Spectrum Auction Kicks Off on June 25th
The government’s decision to reopen the auction for the 5G spectrum, valued at a staggering 96,000 crores, on June 25th is a significant event for the telecom industry. Major players like Reliance Jio, Bharti Airtel, and Vodafone Idea have already begun submitting their bids for crucial radio frequencies that will be the backbone of their…
Adani’s Ambitious $100 Billion Green Energy Vision
In the ‘Infrastructure – the Catalyst for India’s Future’ event of Crisil, the chairman of Adani Group, Gautam Adani, made remarks about the 1991 reforms and the current governance of India. He further shared his plans to invest $100 billion in the energy transition in the coming decade. Mr Adani mentioned at the conference, “The…
Axicades To Deliver Drone Systems To The Indian Army
Axicades, a prominent player in the C-UAV sector, is all set to supply the Indian Army with a cutting-edge drone system. This significant deal, valued at Rs. 100 crores, will equip the Indian Army with MPCDS ((Man Portable Counter Drone Systems) drone technology for the first time, potentially enhancing their operational capabilities. Axicades developed the…
Reema Jain: Pioneering Digital Transformation at Hero MotoCorp
As the Chief Information and Digital Officer (CIO) of Hero MotoCorp, Reema Jain is not merely a leader; she’s a visionary architect of change, reshaping the automotive industry’s digital landscape. With over two decades of relentless dedication to technology and leadership, Reema’s journey embodies the epitome of innovation, strategic brilliance, and unwavering commitment to excellence….
