Rising External Debt, Falling Debt-to-GDP Ratio
In its latest report, the Reserve Bank of India has provided key insights into India’s economic indicators. The report highlights that India’s external debt has increased by $39.7 billion, reaching a total of $663.8 billion by the end of March 2024. These figures would have been slightly higher if the valuation effect had not been…
Shipra Prajapati
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…
Himanshu
India’s Infra To Surge 15.3% In The Next 5 Years
In their latest report, The New India- Infrastructure, Morgan Stanley, a renowned investment bank, anticipated that infrastructure investments in India would grow by a CAGR of 15.3%. This credible projection suggests an anticipated expenditure of $1.45 trillion ( ₹121.16 lakh crore) in India in the coming five years. They further mentioned that this would boost…
Chandan Kumar
India Emerged As The Fastest Growing Passenger Market
India’s domestic airline capacity has skyrocketed by 100% in the past decade, propelling it to the third spot in the global passenger market, just behind the USA and China. In 2014, India’s passenger capacity stood at 8 million, but by April 2024, it had surged to 15.5 million, marking India as the world’s fastest-growing airline…
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…
Muralitharan Plans To Invest ₹1,400 Cr In Karnataka
In recent events, Karnataka’s Ministry of Large and Medium Industries office confirmed the investment made by former Srilankan cricketer Muttiah Muralitharan. It was revealed that he would be investing Rs. 1,400 crores in different phases in Badanaguppe, Chamarajanagara district. The initial plan was to invest Rs. 230 crores, which was later revised to Rs. 1,000…
Abdullah Ansari
Zomato Negotiates Purchase of Paytm’s Entertainment Unit
Zomato and Paytm are in the midst of negotiations to acquire Paytm’s entertainment division. The size of the deal is yet to be confirmed, but it is estimated to be around Rs. 1,500 crores to Rs. 2,000 crores. This strategic move could significantly bolster Zomato’s presence in the tech and entertainment industry, providing a new…
ABHYUDAYA MITTAL
Tata Punch Shines with 5-Star BNCAP Crash Test Rating
Tata Motors, India’s top car manufacturer, has earned a 5-star rating for its Punch.ev electric vehicle (EV) in the Bharat NCAP crash test results. This significant achievement not only makes Tata Motors the first company to be certified under the Indian New Car Assessment Program, known as BNCAP, but also underscores the safety benefits of…
Vipin
Apple Ascends To Number One, Leaving Microsoft Behind
Apple reclaims its position as the most valued company in the world, surpassing Microsoft. The company lost its top position after its competitors, Microsoft and Google-owner Alphabet, entered the growing field of Artificial Intelligence. As per Barron’s, “Apple, which had taken its time to formulate its AI strategy, lost its long-held top spot in January…
World Bank Highlights India’s Economic Momentum for 2024
World Bank, in its recent report, has highlighted India’s resilience as the fastest-growing economy in the world. The forecast for FY25 has been revised from 6.4% to 6.6%, and the estimated growth rate for FY26 has been increased by 20 basis points to 6.7%. This revision, influenced by the recently declared election results, underscores the…
