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…
Chandan Kumar
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…
Bhumika
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…
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…
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 Kumar
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….
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…
