Sachs Predicts India’s GDP Growth To Soar At 6.7%
The renowned US-based financial institution Goldman Sachs, known to be a global investment bank, has revised its GDP forecast for India by 10 basis points to 6.7% for 2024. This revision is based on sustained growth momentum and the expectation of extra fiscal space due to a dividend transfer from RBI to the government. The…
Bhumika
Reliance Gears Up For Viacom18 Merger & African TelecomÂ
Reliance, led by the richest Asian man, Mukesh Ambani, is set to make big moves. The multinational conglomerate is proceeding into Africa’s mobile broadband market via a Telecoms venture. With the launch of Next-Gen InfraCo, the company’s objective is to provide top-notch digital services in Ghana at affordable prices. On the other hand, it has…
Abdullah Ansari
Retiring as a LegendÂ
Although Indian football started promisingly in the pre-independence era, it entered a decline in the following decades. Factors like poor grassroots development and infrastructure, insufficient coaching programs, limited exposure to international contests and a shift of focus in other sports like cricket contributed to this downturn. Consequently, Indian football struggled to sustain its early momentum…
Chandan Kumar
Nvidia’s 600% Profit And Stock Split Announcement
NVIDIA Corporation surpassed the analyst forecast of second-quarter revenue of $26.8 billion and earned a staggering $28 billion. According to Bloomberg, their profit margins expanded by an impressive 600%, and revenue grew by a remarkable 268% annually. This indicates even amidst an economic slowdown, spending on computational AI remains bullish. Chief Executing Officer Jensen Huang…
Shipra Prajapati
Disney Cashes Out Billions By Selling Stake At Tata Play
Tata Group is all set to take full control of its entertainment division, Tata Play. According to Bloomberg, Walt Disney Co. has finalised the deal with Tata Group to sell its minority stake of 29.8% in Tata Play for $1 billion. They further mentioned that Disney had shifted their focus on merging their Indian entity…
Voices from the Other SideÂ
Recent footage from Muzaffarabad, the capital and largest city of Pakistan-Occupied Kashmir (PoK), depicts huge protests. Thousands of people protest against the high prices of essential goods like flour and frequent power outages in the area. The violent protests in PoK have resulted in the death of a police officer and over a hundred injuries….
Share Market Touches New High Ahead Of Election
For the first time ever, the market cap of listed companies touched a new high of USD 5 trillion before the elections in intraday trade. It took merely 6 months to reach this milestone of USD 5 trillion in May from USD 4 trillion in November 2023. As per Fortune India, this growth is driven…
Himanshu
Banking Industry Records INR 3 Lakh Crore Profit in FY24
The banking sector in India grew by a staggering 39% in FY24. The net profits of the banking companies swelled from INR 2.2 lakh crore in FY23 to INR 3 lakh crore in FY24. It was the first time in the sector’s history that it has ever crossed the benchmark of 3 lakh crore. The…
An all-encompassing technology showcase; An enormous business platform – Consumer Electronics World Expo
Consumer Electronics World Expo is excited to host its first-ever edition from 6-8 June 2024 at YashoBhoomi (IICC), Dwarka, Delhi. India’s Premier Business to Business Sourcing Exhibition for Consumer Electronics, Gadgets & Appliances is set to bring together all major facets of the industry – Mobile, Tablets & Accessories; Home & Kitchen Appliances; Electronic Gadgets…
Indian Students Shun Canada
A diplomatic disagreement between India and Canada regarding the murder of Hardeep Singh Nijjar, described as a Khalistani extremist, resulted in an 86% decrease in study permits issued from Canada to Indians during the fourth quarter of 2023. Official data shows that only 14,910 students were granted study permits late last year, a significant decline…
