Gautam Adani Pulled Out Of $553 Million US Loan Deal
Billionaire Gautam Adani withdrew from a major US loan deal worth $553 million. This loan was meant to fund a port terminal being developed by Adani Ports and Special Economic Zone Limited in Sri Lanka’s capital, Colombo. The withdrawal from the loan deal underscores the end of an agreement between India and the US to…
Abdullah Ansari
Sanjay Malhotra Is The New Face Of RBI Leadership
The centre cabinet committee notified on Monday that Sanjay Malhotra had been appointed as the new governor of the RBI (Reserve Bank of India). Before this, he worked as a revenue secretary for the Ministry of Finance; Mr Malhotra will become the 26th governor of the RBI. Sanjay Malhotra, a 1990-batch Rajasthan cadre IAS Officer,…
Himanshu
Lenskart’s World’s Largest Eyewear Factory In Telangana
The Indian multinational eyewear company Lenskart is expected to set up the world’s largest eyewear manufacturing factory in Telangana. According to sources, Amith Chaudhary and Piyush Bansal founded company Lenskart is investing Rs 1500 crore in this ambitious project, which will produce eyewear, lenses, sunglasses, etc., for India, Southeast Asia, and the Middle East. Amit…
Yash Sharma
RBI’s 5th Monetary Policy For The Financial Year 2024-25
After a two-day meeting of the MPC (Monetary Policy Committee) amid worrying headline inflation and GDP (Gross Domestic Product) figures, the 5th monetary policy of the current financial year 2024-25 will be unveiled today. Shaktikanta Das, the Governor of the RBI (Reserve Bank of India), will unveil the policy. This review will offer a framework…
India’s Largest Airline Ranked Among the World’s Worst
IndiGo, India’s biggest Airline, has been ranked among the world’s worst Airlines in the 2024 AirHelp Score report. The company secured 103rd place out of 109 Airlines with a score of 4.80; this report ranked Air India at 61st and Air Asia at 94th. According to sources, the low rating results from disappointing customer service…
Indigo’s Legal Flight Against Mahindra: The ‘6E’ Battle
In the latest turn of events, Indigo dragged Mahindra & Mahindra’s subsidiary, Mahindra Electric Automobile Limited, to court for using the word “6E” in the name of their new electric vehicle, the BE 6E. A trademark infringement lawsuit was filed against the company in the Delhi High Court. According to the Economic Times, the case…
SBI’s Mission: Bringing Inactive Accounts Back To Life
SBI, the State Bank of India, is the country’s biggest money lender. It launched a nationwide campaign to promote the activation of inoperative accounts. Before launching this campaign, SBI organised a one-day workshop in Gurugram for its national business correspondents and sensitised participants about inoperative account activation. Whether savings or current, an account is considered…
Info Edge Files Fir Against 4B Networks’ Rahul Yadav
The parent company of job portal Naukri.com, Info Edge, filed an FIR (first information report) against 4B Network founder Rahul Yadav and others, claiming fraudulent misuse of funds. In addition to Rahul Yadav, Pratik Choudhary, Devansh Singh, Sanjay Saini, and some other unnamed people are alleged in this FIR. 4B Network is a portfolio company…
TRAI’s Traceability Guidelines Coming Soon To Effect
The TRAI (Telecom Regulatory Authority of India) traceability guidelines will be effective on December 1, 2024. With the number of mobile users in India rapidly growing, more people are becoming prone to cyber criminals. These guidelines are a huge move for the organisation to reduce online fraud and build a robust and safe ecosystem. Earlier,…
ABHYUDAYA MITTAL
Foxconn To Set Up A Massive Battery Plant In Tamil Nadu
India’s largest contract manufacturer company, Foxconn, is planning to establish the world’s second-largest Battery Energy Storage System (BESS) in Tamil Nadu. The Tamil Nadu government has offered 200 acres of land to the company for this massive project. The discussion for this project is in the final stage. Also, an official revealed that Tamil Nadu…
