General Election Result, Good Or Bad For Economy?
The general elections of the biggest democracy in the world, India, have commenced, and the BJP-led NDA (National Democratic Alliance) has successfully gained the majority to hold power for the third consecutive time. PM Modi is the only national leader other than Jawaharlal Nehru to become the nation’s prime minister thrice. However, the uncertainty in…
Vikas
Adani’s Ambitious $100 Billion Green Energy Vision
In the ‘Infrastructure – the Catalyst for India’s Future’ event of Crisil, the chairman of Adani Group, Gautam Adani, made remarks about the 1991 reforms and the current governance of India. He further shared his plans to invest $100 billion in the energy transition in the coming decade. Mr Adani mentioned at the conference, “The…
Rupee Falls Most In Over A Year Amid Election Outcome
The Indian rupee fell on Tuesday, 4 June 2024, after vote counting showed that the Bharatiya Janata Party-led alliance would win a narrower majority than expected. It depreciated 26 paise and came down to 83.40 against the dollar. The Indian currency settled at 83.14 against the dollar on Monday, 3 June 2024. This depreciation greatly…
Vipin
Adani Group Stock Takes A Nosedive On The Election Result Day
Adani Group stocks dropped up to 18% on the election result day, 4 June 2024. After substantial gains in the last few trading sessions, it’s a big shock for the group. This drop appears to be caused by the unwinding of speculative positions, as investors aim to either take profit or reduce exposure. The Adani…
Shipra Prajapati
Funding the Future: India’s Healthcare Sector Soars
Bain & Company published a report on Thursday revealing a significant boost in the Indian health and pharmaceutical sector. The sector received an impressive $5.5bn capital investment in 2023, a remarkable 25 percent jump from the previous year. This substantial increase in funding and the ambitious multibillion-dollar acquisition pledge made by global private equity executives…
Swarnendu
One Nation, One Election: Reform or Unconstitutional?
Prime Minister Narendra Modi released the Bhartiya Janata Party’s manifesto, titled ‘Sankalp Patra’, for the upcoming Lok Sabha elections on April 14th, coinciding with the birth anniversary of BR Ambedkar, the architect of the Indian Constitution. The manifesto focuses on a vision termed “Viksit Bharat”, featuring initiatives such as India’s bid for the Olympics in…
abhinav singh
Global Tech Recap: Top Tech News This Week
The tech landscape worldwide changes daily, and staying updated with it has become extremely important. This tech recap will help you understand the latest developments in tech business worldwide. 1. Elon Musk Pospones His Much-Anticipated India Visit The CEO of Tesla and SpaceX, Elon Musk, was scheduled to visit India on the 21st and 22nd…
ABHYUDAYA MITTAL
New-age India- A Nation of Problem Solvers
With its vast pool of talent and entrepreneurial spirit, India now has the capability to tackle challenges across various sectors, from technology and environment to healthcare and education; India is becoming a Nation of problem solvers. In recent years, India’s technology sector has seen massive growth, and its big credit goes to the startup ecosystem,…
JYOTI
First ‘Startup Mahakumbh’: All The Highlights Of The Event
The Indian economy is the fastest-growing in the world, and startups have played a huge role in its growth. As many as 100,000 startups were started in 2023 alone. For this reason, the government of India introduced a three-day event in Delhi called the ‘Startup Mahakumbh’. The event’s sole purpose was to bolster the Indian…
Hidden Cost of Electoral Freebies on Fiscal Deficit
“Freebies are never free…when parties offer schemes, they must be required to make the financing and such trade-offs clear to voters.” Ashima Goyal, Member of RBI’s Monetary Policy Committee The political debate on the electoral freebies to win votes remains high during election season. In the recent state assembly elections of Madhya Pradesh, Chhattisgarh, Rajasthan,…