BRICS Summit Begins, PM Modi and Xi Jinping Expected to Share StageÂ
The Prime Minister will attend the 15th BRICS Summit in Johannesburg along with the leaders of Brazil, China, Russia, and South Africa. This will be the first in-person gathering in the previous three years, after the concluding BRICS summit in 2019 because of the Covid-19 epidemic., When asked about the meeting between Chinese President Xi…
Yash Sharma
M-cap Witnessed A Loss Of Rs 80,200 Crores Across Top Seven
The Tata Consultancy and HDFC Bank were the biggest laggards last week as the combined market valuation of seven of the top ten valued corporations fell by Rs 80,200 crore. According to sources, the BSE benchmark dropped by 373.99 points, or 0.57%, over the holiday-shortened week prior. Hindustan Unilever, Infosys, and Reliance, among the top…
Ashwini Vaishnaw Declares A Ban On Bulk Sim Card ConnectionsÂ
The Ministry of Electronics and Information Technology has banned the bulk sim card connection as a move to curb cyber frauds on Thursday. At a press conference, the Minister of Electronic and Information Technology, Ashwini Vaishnaw, provided this information to the media. According to Ashwini Vaishnaw, the government will apply biometrics and mandate police verification…
Foxconn Seeking Investment Opportunities in IndiaÂ
The Taiwanese electronics manufacturing firm, Foxconn hopes to invest billions of dollars in India in the near future because it sees an opportunity for growth in the Indian economy. According to Foxconn Chairman and CEO Young Liu, the company’s annual turnover in the Indian market has surpassed USD 10 billion, which leads to enormous investment…
Air India Introduced Rebranding Initiative Under Tata Group
Now led by Tata Group, Air India has revealed a new look to improve its image and do well in the competitive aviation market. They showcased their modernised logo and colourful aircraft design at a special event in Delhi. The new logo, named ‘The Vista,’ signifies a bold new era for the airline and encapsulates…
Eicher-Amazon Partnership for Zero-Emission Electric Trucks
Eicher Trucks and Buses, a VE Commercial Vehicles Ltd division, has announced a groundbreaking partnership with Amazon to reshape the landscape of delivery operations in India. The collaboration seeks to electrify Amazon’s delivery network’s middle-mile and last-mile segments, introducing up to 1,000 zero-emission electric trucks over the next five years. As part of this ambitious…
SBI Beats Reliance Industries to Claim Top Spot Profit Race
In a remarkable turnaround, the State Bank of India (SBI) has outshined Reliance Industries (RIL) to become the front-runner in India’s corporate profit arena. For the quarter ending June 2023, SBI, the country’s largest public sector lender, reported a consolidated net profit of Rs 18,537 crores, surpassing RIL’s quarterly net profit of Rs 16,011 crore….
Jio Financial Services To Become A Non-Banking Lender
According to Reliance Industries Ltd., its financial services business shares will be listed soon. The company aims to make its recently carved-out unit the biggest non-banking lender in India by utilising the power of its digital and retail businesses. Further, Reliance chairman Mukesh Ambani recently released the annual report for the financial year that concluded…
Data Protection Bill: Fine of Rs 250 Crore for Data Breaches
The Indian government introduced the Digital Personal Data Protection Bill, 2023, in the Lok Sabha to safeguard private data. It includes penalties of up to Rs. 250 crore for data breaches. Digital platforms must obtain explicit consent from users before processing their data and allow them to withdraw consent anytime. Exceptions to consent include medical…
Morgan Stanley Increases India’s Rating, China Faces Downgrade
Global brokerage Morgan Stanley has upgraded India to an overweight rating in its latest report. India has surged its rank from sixth to first, with more favourable valuations than in October. The country benefits from foreign direct investment (FDI) and portfolio flows bolstered by multipolar world trends. India’s reform and macro-stability agenda supports a positive…
