India’s Q3 GDP Growth Data: Key Things To Know
Yesterday, the Government released India’s Q3 growth data for October-December 2022. The National Statistical Office(NSO) released an estimate of the growth rate in FY23 along with some numbers that show the slowdown in the economy due to inflation. According to the Government’s data, the estimated GDP growth for FY23 is expected to increase by 7…
Abdullah Ansari
NOKIA Logo Changes For The First Time In 60 YearsÂ
The iconic logo that has been associated with the telecom brand Nokia has changed for the first time in a span of 60 years. This advancement marks the beginning of a new era of changes, transitions, and developments. The new logo by the company was unveiled on Sunday, making a big buzz regarding this landmark…
Aman Goyal
Ajay Banga Ex-Mastercard CEO Nominated By Joe Biden To Lead World Bank
On Thursday, Joe Biden, US President, announced that Ajay Banga, former CEO of Mastercard, will be leading the World Bank. After this news, Ajay will become the first Indian-American to serve the World Bank as the president. Currently, he is the vice chairman of the general equity firm Atlantic. He is the former CEO of…
Yash Sharma
India’s Dependency On Imported Crude Oil Price Rises
Amidst the growing shift to other fuels and electronic vehicles, India’s economy is witnessing a rise in the demand for petroleum products and fuel. With the growing demand, India is also witnessing stagnancy in domestic crude oil production. This has led to an increased reliance on imported crude oil to meet the needs. This dependency…
BYJU’s Co-Founder Divya Gokulnath Confirms Aakash Upcoming $1 Billion IPO
BYJU’s planning to bring the Initial Public Offering(IPO) of its subsidiary Aakash Educational Services. It was acquired by BYJU’s for $1 Billion in 2021. Divya Gokulnath, co-founder of BYJU’s confirms that they are preparing to launch the Aakash IPO at the massive valuation of $3.5 to $4 Billion. The upcoming IPO is expected to be…
FPI’s Investment Value In Indian Equities Drops Majorly
The value of Foreign Portfolio Investment (FPI) holdings in Indian equities dropped by 11% and reached $584 billion at the end of December 2022, according to the Morningstar report. The holdings were largely on low returns given by the Indian equities and the exodus of foreign money from the domestic stock market. The value of…
Sumit
Google India Fires Hundreds Of Employees: CEO Writes
Tech giant Google reportedly terminated 453 employees across various departments in India late at night on Thursday. The employees were informed about the termination via mail that Country Head and Vice President Sanjay Gupta sent. Last month Alphabet Inc, the parent company of Google, announced that it would bring 12,000 employees or 6 per cent…
The Rivalary Between Elon Musk And Joe Biden Tweet
In October 2022, Elon Musk acquired Twitter for $ 44 billion, and things have frequently been changing since then. Elon Musk has been obsessed with Twitter, and in recent times, he forced the employees to work overnight and build a special system that will highlight Musk’s tweets more than ever. Lately, Elon Musk and Joe…
Sunak Hails Air India’s Pact With Airbus & Rolls-Royce
British Prime Minister Rishi Sunak appreciated and recognised the landmark deal among Air India, Airbus and Rolls-Royce. This landmark deal will be a defining moment in the Indian aerospace sector, with Air India buying 250 jets per the agreement’s terms. The five-day Aero India 2023 witnessed this landmark deal between the three companies on 14…
Retail Food Inflation Hits 6.52%: Food Price Will Be On Surge
The retail food inflation hit a 3-month high on Monday. The Consumer Price Index (CPI) shows a rise of 6.52 % in various food items prices. It is the highest in terms of the inflation rate recorded back in October, which was 4.19%. The rise in retail inflation indicates that the cost of various food…
