Flipkart Valuation Drops By $5 Billion In Past 2 Years
According to the equity transactions of its parent company, Walmart, one of India’s biggest e-commerce platforms, Flipkart, has lost around $5 billion in the last 2 years. The company’s valuation fell from $40 billion in 2022 to $35 billion in 2024. Experts say the decline can be attributed to the demerger of fintech PhonePe, which…
ABHYUDAYA MITTAL
Bitcoin Bulls Are BACK!
After a long-awaited vindication, bitcoin prices are on a tear again, rising to the highest since November 2021, when they were trading at $50,128. Bitcoin has now set the crypto market on fire with a remarkable comeback after weathering two vicious years in the cryptocurrency market. Exceeding all previous expectations of traders, on March 5,…
Abdullah Ansari
General Elections Update: ECI Releases Electoral Bond Data
The Supreme Court of India recently asked the Election Commission to release the Electoral bond data ahead of the 2024 Lok-Sabha elections. Now, the ECI has released the data, which has shocked everyone. Let’s have a look at the publishing and see what exactly is so shocking. According to the data published by the Election…
India’s New Indigenous Reactor Commences ‘Core Loading’
India has been very focused on its energy security needs in recent years. On that note, the 2nd stage of India’s three-stage nuclear program has begun. It started with the core loading process at India’s first-ever indigenous fast-breeder nuclear reactor in Kalpakkam, Tamil Nadu. The core loading process started on 4 March 2024 and was…
Tata Power Solar Unveils India’s Largest Solar Project
Tata has always done its part in building the nation. In true Tata fashion, the company has unveiled India’s largest solar power and battery energy storage project in Chhattisgarh. On Tuesday, Tata Power Solar System Limited (TPSSL) announced that they have commissioned a 100MW solar power project and a 123 MWh Battery energy storage system…
OPEC+ Extends Oil Cuts, Saudi Arabia Increases Prices To Asia
A few days ago, Saudi Arabia assured that oil prices in Asia would remain unchanged. However, this seems to be not true, as Saudi has announced that it will increase the price of its main oil grade for buyers in Asia from next month onwards. This announcement comes days after the OPEC+ group agreed on…
India Forex Reserve: Up By $2.9 Billion To $619 Billion
The foreign reserves of India saw a decline trend in the 2nd week of Feb; according to reports, the overall reserves fell around $1.132 billion to $616.097 billion. However, for the week ending on 23 Feb, the foreign reserves were up by $2.9 billion to $619 billion. Foreign-exchange reserves of India comprise 4 different categories:…
Aman Goyal
Indian Economy Retain The Fastest Growing Economy Title
The economic growth number of India is here, and nobody was expecting the results. India has retained its title of the world’s fastest-growing economy, with a growth rate of 8.4% in the last three months. Indian Prime Minister Narendra Modi also posted a tweet, where he said that this shows the strength and potential of…
Yash Sharma
Asian Markets Remains Steady While Kiwi Dollar Falls
Asian stocks are keeping a close eye on the US inflation test results, due this week. The US inflation tests can determine the country’s interest rates, which could affect investors globally. The Asian stocks remained steady while the New Zealand dollar fell a few steps. Moreover, the Central Bank of New Zealand kept a steady…
Reliance And Disney Merger: Media Titans Joins Hands
In a historic deal to change the landscape of media in India, Reliance Industries Limited and The Walt Disney Co. have signed a deal to merge their media business in India. According to the deal, the media unit of Reliance, Viacom18, will own 61% of the merger, with Disney owning the rest. According to sources,…
John David