Farewell To Fortune: India At Risk Of Losing 6,500 HNWIs
India is likely to see a heavy outflow of millionaires in 2023 and may lose 6,500 high-net-worth individuals (HNWIs) in the current year, according to the Henley Private Wealth Migration Report 2023. Millionaires or High-Net-Worth Individuals are people with an investable wealth of $1 million or more. China has been ranked first in terms of…
Yash Sharma
U.S. Wants India To Buy Armed Drone On Modi Visit
Prime Minister Narendra Modi is about to visit Washington, DC, in the last week of June. On the visit, the Biden administration wants India to cut through its own red tape and advance a deal for U.S-made armed drones, which is expected to be worth $2 billion to $3 billion. However, India has previously shown…
Rozgar Mela: PM Modi Issues 70,000 Appointment Letters
Prime Minister Narendra Modi to issue 70,000 job appointment letters to newly recruited individuals in Rozgar Mela via video conferencing. The PM will also address the candidates at this event. The Rozgar Mela was introduced last year on 22 October as a campaign to provide 10 lakh government jobs. This year, it is to be…
UAE Emerges As Fourth Largest Investor In India, FY23
In a significant development for India’s economy, the United Arab Emirates (UAE) has emerged as the fourth largest investor in the country during the fiscal year 2023. This remarkable feat not only underscores the strengthening of bilateral relations between the two nations but also highlights the growing confidence of foreign investors in India’s business landscape….
India’s Digital Revolution: RBI Aims For 1M CBDC Users
In a bold move towards advancing India’s digital transformation, the Reserve Bank of India (RBI) is setting its sights on reaching one million Central Bank Digital Currency (CBDC) users by the end of this month. The Deputy Governor of RBI, alongside other key officials, announced this ambitious target as part of their commitment to fostering…
Shipra Prajapati
BharatPe Appointed CRO, CBO and Consumer Lending Head
Leading fintech firm, BharatPe, recently announced three significant appointments for mentorship, company growth, and success. On Monday, the company appointed Kohinoor Biswas as the head of Consumer Leading Business. Biswas will take care of the entire PostPe operations, launched in 2021 with ‘Buy Now Pay Later’ (BNPL). He will report to Nalin Negi, the CFO…
John David
India’s Internet Economy To Reach $1 Trillion By 2030
According to a joint report published by Google, Bain & Company, and Temasek, India has the potential to become a $1 trillion internet economy by 2030. Sanjay Gupta, Manager & VP, Google India, commented on the rising dominance of India’s internet economy, claiming it to register a six-fold growth, majorly because of the e-commerce verticals…
Microsoft Settles For $20M in Illegal Children’s Data Collection
In a landmark settlement, Microsoft has agreed to pay a hefty $20 million fine to resolve charges of unlawfully collecting children’s data in the United States. The settlement, announced recently by the Federal Trade Commission (FTC), serves as a stern reminder of the critical need for technology companies to prioritise the privacy and protection of…
Oil Price Plunge-Producers Grapple With Volatility
In a bid to combat falling oil prices and volatile market conditions, oil-producing countries have once again agreed to production cuts. The recent meeting of OPEC+ nations, led by Russia, resulted in Saudi Arabia announcing a voluntary reduction of one million barrels per day (bpd) in July. Additionally, OPEC+ has agreed to further cuts of…
Ukraine Satellite Services Contract Awarded To SpaceX’s Starlink
It was getting expensive to fuel Starlink in Ukraine, an endeavour that was burning more than 20 million dollars per month on average. The CEO, Elon Musk, had clearly stated that he couldn’t continue to fund Starlink if things followed a similar trend. However, Starlink’s operation in Ukraine will not come to a halt because…
