SpaceX Likely To Join Indian Telecom Industry
Reports indicate that SpaceX, Elon Musk-owned satellite communications corporation, will likely apply for a permit to introduce internet services in India within its Starlink brand. Thus, SpaceX will become the third company to apply for such a license after the two giant Indian telecoms, Reliance Jio and Bharti Group. Moreover, the company is also likely…
Shipra Prajapati
Sitharaman To Attend IMF, World Bank Meetings In USA
Finance Minister Nirmala Sitharaman will attend several meetings on her visit to the United States. Among them, two significant meetings are the International Monetary Fund (IMF) and the World Bank, which will more likely deliberate on the current global economy. These meetings aim to highlight India’s policy priorities and showcase India’s attractiveness as an investment…
Pakistani Rupee Emerges As The Best Performing Currency
Last week, the unstable Pakistani currency, Rupee (PKR), became the best-performing currency in the world. The PKR made the biggest gain of 3.9 % to reach 219.92 rupees against the US dollar in anticipation of substantial foreign currency inflows. The Express Tribune states, “The rupee remained the best performing currency on a week-on-week basis.” The…
Yash Sharma
World Bank Cuts India’s GDP Forecast to 6.5%
The World Bank reduced India’s growth prediction for 2022-23 (April-March) by 100 basis points, forecasting that the Indian economy will grow at 6.5 per cent, down from 7.5 per cent in June. India’s GDP registered a growth of 8.7 per cent in 2021-22. The Bank marked in its latest South Asia Economic Focus, issued ahead…
John David
Svante Paabo Won Nobel Prize 2022 In Medicine
On Monday, Svante Paabo, a Swedish scientist, was awarded the Nobel Prize 2022 in Medicine for his exceptional discovery, which confirms that modern humans share DNA with bygone relatives Neanderthals and Denisovans. He has provided crucial insights concerning the human immune system and what makes us distinctive compared to our extinct cousins. Svante’s father, Sune…
Suzlon Energy Ltd Founder Mr. Tulsi Tanti Passed Away
One of the first movers in renewable energy in India, Tulsa Tanti, passed away at 64. “With profound sadness, we inform you of the untimely demise of Shri Tulsi R.Tanti, the Founder, the Chairman & Managing Director, and one of the promoters of Suzlon Energy Limited (the “Company”) on October 1 2022. Shri Tanti suffered…
Reliance Launched First In-house Fashion Store, Azorte
Mukesh Ambani continues to hold his position in the luxury market of fashion and lifestyle as Reliance Industries Ltd launched its first in-house premium fashion brand, Azorte, on Thursday in Bangalore. This new fashion brand is named Azorte and is expected to grow as a chain of stores all around the country. Billionaire’s daughter Isha…
Rupee Hits The Record Low, Approaches Towards 82 Per Dollar
The Rupee hit a record low when the Indian currency edges closer to 82 levels against the US dollar. The rupee fell to 81.90 versus the US dollar as US bond rates rose and the US currency strengthened. The rupee finished 14 paise higher at 81.53 against the US dollar on Tuesday after hitting a…
Abdullah Ansari
Tata, Singapore Airlines Plan To Merge Vistara, Air India
Tata group and Singapore Airlines Ltd. are planning to merge their airline companies, Air India and Vistara, to build a new joint venture. Two sources aware of this development have said on the condition of anonymity that both entities have a combined goal to optimise their resources and compete with industry leader IndiGo. According to…
Mahindra Acquires Rivigo’s B2B Express Unit For Rs 225 Crore
Mahindra Logistics has acquired logistics startup, Rivigo’s B2B express cargo service unit for INR 225 crore in a slump sale. As per a regulatory filing to the BSE, this deal is expected to be finalised before November 1. Under the terms of the deal, Mahindra Logistics will acquire the express business, including the clients, team,…
