Government Expects Rs. 1 Lakh Crore+ This Fiscal YearÂ
Recently, Finance Minister (FM) of India Nirmala Sitharaman presented the budget for this fiscal year, declaring ambitious targets. She also mentioned that the government would honour its decision to privatise PSU (Public Sector Unit); however, the timing has to be decided. “When is the time to disinvest any or several of these companies listed and…
Bhumika
GCC’s Employees More Than 16 Lakh People In FY 24
The recent economic survey of 2024 revealed shocking information regarding employment statistics in India. According to the survey, GCC (Global Capacity Centre) generates more jobs in India than in the IT sector. It employed more than 16 lakh individuals in India in the previous year, 2023. The survey further mentioned that GCCs grew at a…
Abdullah Ansari
Airbus To Start Manufacturing Its Helicopters In India
In recent developments, Airbus has partnered with Tata Advanced Systems (TASL) to start its second manufacturing unit in India. Their first manufacturing unit will develop the C295 transport plane, and the second one will manufacture the H125, each of which will start with the price of INR 30 crores. According to The Economic Times, this…
Vipin
WazirX Security Crisis: Are Blockchain Systems Failing?
India’s biggest cryptocurrency exchange, WazirX, lost almost half of its reserves overnight. According to WazirX, the cybercriminal group Lazarus orchestrated the attack, which stole nearly $230 million of the investor’s holdings. After this incident, WazirX temporarily halted the Indian rupee (INR) Withdrawals and cryptocurrency transfers while investigating the incident. The company confirmed this through its…
Shipra Prajapati
TVS To Invest 200mn Pounds In Norton Motorcycles
Two- or three-wheeler leading motor company TVS has committed to investing £200 million in the iconic British bikemaker Norton Motorcycles. The investment will fuel areas like new product development, facilities, research and development, and world-class quality engineering. Norton planned to launch six new models in the next three years. This is the right time for…
Aayush
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…
Himanshu
Swiggy’s Major Pre-IPO Development: What’s the Big News?
Swiggy, one of the leading companies in the food and grocery space, has declared one of the biggest ESOP (Employee Stock Option Plan)liquidity programs to date. The company has announced that it will offer ESOP liquidity to more than 2,000 employees across all departments and levels before launching its IPO. This program allows employees to…
Alphabet May Defy Antitrust Laws with Historic Purchase
Alphabet, Google’s parent company, plans to make one of its largest acquisitions in history. The company made its last major acquisition almost a decade ago, acquiring Motorola Mobility for $12.5 billion. According to WSJ (Wall Street Journal), the discussion regarding the acquisition of $23 billion of Wiz might fall through if all the pending details…
ABHYUDAYA MITTAL
Can India Expect Changes In Union Budget 2024-25?
The final Union Budget 2024-25 is set to be presented on July 23. The interim budget for 24-2025 was launched in February, and now India is expecting some changes in the final budget, according to reports. According to the officials, the centre might propose changes in the customs rules to remove heavy anomalies, retain certain…
Honeywell to Acquire Air Products’ LNG Process Unit
Honeywell’s latest Air Products LNG process technology acquisition has sent waves across the industry in recent developments. As per the news, the total value of the acquisition was around $1.81 billion in cash, making it the company’s fourth-largest acquisition in this year. This acquisition is poised to enhance the LNG (Liquified Natural Gas) business by…
Chandan Kumar