L&T’s Historic Move: Share Buyback & Dividend Plan for FY2024
In a historic move, Larsen & Toubro, the renowned engineering and infrastructure conglomerate, has announced its intention to seek approvals from shareholders for a share buyback and a special dividend for FY2024. This marks the first time in the company’s 85-year history that it will initiate a share buyback program. The decision was made public…
Yash Sharma
Netflix Ends Password Sharing in India, Aims for Fairness
Netflix, the popular streaming service, made a significant announcement today, putting an end to password sharing in India. The company issued a statement explaining the move, stating that it will reach out to members sharing their accounts beyond their households in India. Acknowledging the vast array of entertainment choices available to consumers, Netflix expressed its…
ADB Retains India’s 6.4% Growth Forecast Amid Recovery Optimism
The Asian Development Bank (ADB) has decided to retain India’s economic growth forecast at 6.4 per cent for the current fiscal year, according to an update to its Asian Development Outlook released on July 19, 2023. The ADB also projected a growth rate of 6.7 per cent for the following financial year. This decision comes…
Urban Poverty Declines in India: Niti Aayog’s Progress ReviewÂ
India has made significant strides in reducing multidimensional poverty, according to the ‘National Multidimensional Poverty Index: A Progress Review 2023’ released by the Niti Aayog in New Delhi on July 17, 2023. The report reveals that the country has witnessed a remarkable decline of 9.89 percentage points in the number of multidimensionally poor individuals, dropping…
US-India Alliance: Boosting Energy Transition Investments
US Treasury Secretary Janet Yellen announced that the United States and India have joined forces to establish an investment platform with the goal of reducing capital costs and stimulating private investment for India’s energy transition. This collaboration was confirmed after a meeting between Yellen and India’s Finance Minister Nirmala Sitharaman held on the sidelines of…
Elon Musk’s xAI: Exploring the Universe with AI
Elon Musk, the renowned entrepreneur and CEO of Tesla and Twitter, has unveiled his latest venture, a new AI company called xAI. With an impressive lineup of talented individuals from esteemed organisations such as DeepMind, OpenAI, Google Research, Microsoft Research, Tesla, and the University of Toronto, xAI aims to delve into the very essence of…
GST Council Announces Key Decisions: A closer lookÂ
In a significant development aimed at fostering cooperative federalism and enhancing the simplicity of India’s tax regime, Finance Minister Nirmala Sitharaman chaired the 50th GST Council meeting in New Delhi on 11th July 2023. The meeting witnessed the presence of esteemed dignitaries, including MoS (F) Pankaj Chaudhary, Revenue Secretary Sanjay Malhotra, Chairman CBIC Vivek Johri,…
Reliance Industries Share Price Soars with Jio Financial Services Demerger
Reliance Industries Ltd (RIL) experienced significant buying interest among Indian stock market investors on Monday morning, as the company announced plans to unlock value through the demerger of Jio Financial Services. The share price of Reliance opened higher today and reached a peak of ₹2756 per share on the National Stock Exchange (NSE), surpassing its…
Threads: Instagram’s Bold Step to Challenge Twitter’s Dominance
In a direct challenge to Twitter’s long-standing dominance in the realm of public conversations, Instagram, owned by Meta Platforms Inc., has unveiled Threads, a powerful new application that promises to reshape the way users engage and share information online. With its seamless integration of text, links, and conversations, Threads poses the most formidable threat to…
Unlocking GST Data: New Insights for Businesses and Policy Makers
The Goods and Services Tax Network (GSTN) has recently announced its intentions to make more tax data available to the public. According to a statement released by ASSOCHAM, an esteemed industry body, GSTN’s Chief Executive Manish Kumar Sinha revealed that a committee is currently considering the inclusion of additional geographical and industry-related information in the…
