India to Surpass the US by 2038, Despite US Tariffs
A report from EY Economic Watch predicts that by 2038, India is expected to surpass the US in Purchasing Power Parity (PPP) only if both countries continue to grow at the forecast rates beyond 2030. India’s economy is one of the most dynamic, and it is now expected to reach $34.2 trillion over the next…
Chandan Kumar
Sensex Drops 849 Points, Below 81,000 Amid a US-Tariff Selloff
The equity benchmark index, Sensex, dropped by 849 points on Tuesday, falling below the 81,000 level. This decline was driven by widespread selling pressure following the United States’ announcement of a draft notice regarding the implementation of an additional 25% tariff on Indian products. Additionally, relentless foreign fund outflows and a weak global trend negatively…
Shipra Prajapati
Flipkart Plans to Hire 2.2 Lakh People Ahead of the FestivalsÂ
On Monday, Flipkart announced the expansion of its workforce by around 2.2 lakh ahead of festivals. The plan includes a 10% opportunity for women and further job opportunities for people with disabilities and LGBTQIA members. Additionally, freshers will be recruited at a rate of approximately 15% to perform various tasks, such as packers, pickers, delivery…
Vipin
Bank of India Reports Ambani and Reliance Communications as Fraud
Bank of India has classified Reliance Communications’ loan account as fraudulent, following similar allegations by the State Bank of India (SBI) against Anil Ambani, based on fund diversion claims in 2016. The Bank of India had sanctioned a ₹700 crore loan in August 2016 for capital and operational expenses, but it was revealed that half…
ABHYUDAYA MITTAL
CCPA Charged Fine on Rapido for Misleading Ads
The Central Consumer Protection Authority (CCPA) has imposed a 10% fine on Rapido Company for deceiving its customers through advertisements and unfair trade practices. CCPA also ordered Rapido to compensate customers who used its auto in 5 minutes or Get the Rs 50 offer. Still, they did not receive the promised payment, the consumer ministry…
59% Indian Leaders Deployed AI Agents to Automate Tasks – Microsoft ReportÂ
The Work Trade Index (WTI) of Microsoft 2025 indicates that, in the next 12-18 months, Indian business leaders are expected to deploy around 93% of AI agents to extend workforce capabilities, as reported on Wednesday, August 20. However, over 59% leaders are already deploying AI agents to automate tasks and workflow for the team. Microsoft’s…
Abdullah Ansari
HAL Set to Gain as Centre Approves Mega Tejas Jet DealÂ
Hindustan Aeronautics Ltd (HAL) was in the spotlight on Wednesday as the government approved a ₹62,000 crore deal for 97 Tejas Mark 1A jets for the Indian Air Force. The green light, given at a top-level meeting, allows HAL to move forward with production, according to defence sources. India approved a second major deal for…
Himanshu
India Urges a Three-Year Import Tariff on Selected Steel Products
The Indian government proposed a three-year import tariff ranging from 11% to 12% on certain specified steel products. If this proposal gets approved, the steel products tariff will start at 12% in the first year, drop to 11.5% in the second year, and additionally reduce to 11% in the third year. The Directorate General of…
Apple Leases 270,000 sq. ft. Office Space in Bengaluru
Apple India has leased approximately 270,000 sq. ft. of office space in Bengaluru, specifically at Embassy Zenith, for a 10-year term. It is a project of real estate developer Embassy Group with a total rental of over Rs 1000 Crore. This project sets a lease rate of nearly Rs 235 per sq. ft per month,…
Pixxel Heads India’s 1st PPP EO Satellite Mission
The Indian National Space Promotion and Authorisation Centre (IN-SPACe ) taps Pixxel consortium to roll out India’s first indigenous commercial earth observation constellation via a public-private alliance. The alliance, featuring Piersight, Satsure, and Dhruva, will commit ₹1,200 crore to the project through 2030. IN-SPACe announced plans to launch 12 EO satellites equipped with advanced optical…
