1st Indian Goes To Space on Jeff Bezos’s Blue Origin
Blue Origin, a space company founded and owned by Jeff Bezos, finally resumed its space tourism after two years of break. A group of six adventurers, including Gopi Thotakura, Mason Angel, Sylvain Chiron, Kenneth L. Hess, Carol Schaller and Ed Dwight, completed an 11-minute journey to space. 30-year-old Gopi Thatokura is a pilot from Andhra…
ABHYUDAYA MITTAL
M&M Commits INR 12,000 Crore to Boost Subsidiary
Mahindra and Mahindra, strongly believing in their new project, have approved an investment of INR 12,000 crore over the next three years. They even plan to sell some of the assets associated with their EV car business to the Mahindra Electric Automobile (MEAL) electric unit for INR 796 crore. The board of M&M is highly…
Shipra Prajapati
E-commerce Giants Rally Behind Anti-Fake Review Policy
As per the Times of India, the number of consumer complaints about e-commerce platforms skyrocketed from 95,270 in 2018 to a staggering 4,44,034 in 2023. According to the survey conducted by LocalCircles, approximately 56% of online shoppers mentioned that the reviews and ratings on various e-commerce apps and websites are positively biased. The survey also…
Chandan Kumar
Foreign Attempts to Control 76% of Haldiram’s Legacy
According to the reports, Blackstone, a leading private equity firm, along with Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC, has put forward a non-binding offer to acquire a 76% stake in Haldiram for $8.5 billion. Haldiram is an 87-year-old renowned food, sweet, and snack chain established in Bikaner, Rajasthan, in 1937. The food chain…
Vipin
Retail Inflation In India Touches 11 Months Low In FY24
As of April 2024, the Indian government’s data shows that retail inflation in India has dipped to an 11-month low, reflecting the country’s most recent economic conditions. It was around 4.83%, slightly lower than the 4.85% recorded in the previous month, but it remained within the tolerance limit of RBI (Reserve Bank Of India), i.e….
Himanshu
China Dethrones US As India’s Top Trade Partner In FY24
GTRI (Global Trade Research Initiative) reported a dramatic shift in India’s trade dynamics with its top trading partners in the past few years, from 2019 to FY24. According to the report, imports from neighbouring countries increased by 3.24% to reach $101.7 billion in FY24. Moreover, the report mentioned that exports from the United States declined…
Funding the Future: India’s Healthcare Sector Soars
Bain & Company published a report on Thursday revealing a significant boost in the Indian health and pharmaceutical sector. The sector received an impressive $5.5bn capital investment in 2023, a remarkable 25 percent jump from the previous year. This substantial increase in funding and the ambitious multibillion-dollar acquisition pledge made by global private equity executives…
Aayush
Check Which City Has Most Millionaires In The World
Recently, Henley & Partners released a report naming the world’s wealthiest cities. They rank these cities based on the number of millionaires they house. With the pace at which the Indian economy is growing, it is no surprise that a few Indian cities are also listed in the top 50 wealthiest cities. As per Henley…
Paytm’s COO And President Resigns: What Next?
Bhavesh Gupta, Paytm’s COO and President, resigned along with the key leaders of different business verticals. With a wave of resignations at the top, Vijay Shekhar Sharma, the CEO and founder, has stepped into the forefront. It is anticipated that he will collaborate with the incoming leadership as the current heads of various verticals make…
India’s Services Sector On The Path To Resilience
The Indian service sector is witnessing solid growth because of favourable economic growth, robust demand, and an increasing intake of new projects. However, there are signs of weakness. The HSBC India Services Business Activity Index fell from 61.2 in March to 60.8 in April, but it is still at its highest level in the last…
Abdullah Ansari