Indian Defence Ministry Imposes Import Ban On 928 Items
The Indian Defence Ministry banned the import of 928 defence items, including subsystems, spares, line replacement units, and components of military equipment and platforms. The PSU defence takes this step to promote the “Make In India” movement. It is the fourth list of indigenisation components that have been placed under the import ban policy over…
Yash Sharma
I/O 2023| Here’s Everything That Google Announced
The Annual Google I/O Conference on Wednesday revealed the new plans and strategies that Google will undertake in the coming years. The conference witnessed some exemplary announcements, which included the launch of new foldable mobile phones, tablets and improvements in the AI products. Here are some of the latest gadgets and strategies that Google revealed…
Adani Ports And SEZ To Pay $ 130 Million Of Debts
Adani Ports and Special Economic Zone combined to pay $ 130 million of its debt. The APSEZ company offered nearly $413 million worth had been tendered for early payment. The company, APSEZ, announced a tender of up to $ 130 million of 3.375 per cent dollar-denominated bonds, set to mature in 2024. It also stated…
Go First Cancelled All Its Flights Amid Bankruptcy
Go First, India’s third-largest airline, cancelled all flights of 3 and 4 May, 2023 due to the cash crunch. As per the information shared by the Directorate General of Civil Aviation (DGCA) on 2 May 2023, all airline companies notified it about the sudden flight cancellation. Go First has been facing a financial crisis due…
IBM Plans To Replace 7,800 Jobs; Company Pauses Hiring
International Business Machines Corp (IBM) decides to pause the hiring process and deploy artificial intelligence to take over 7,800 jobs in the company. The decision is taken amidst the increasing adoption of technology. In an interview, Arvind Krishna, the CEO, confirmed the halt in the hiring process. Krishna said, “I could easily see 30% of…
Seetu kumar
Latest Update: All You Need To Know About New GST Rule
A new rule has been launched for businesses whose turnover is ₹100 crores or above. The GST Network has announced that these businesses have to upload their electronic invoices on Invoice Registration Portal (IRP) within 7 days of the issue of such invoices, which will come into effect from 1 May 2023. Currently, businesses upload…
Most Influential Fintech Trends & Their Impact On The Future of Finance
Financial technology, or fintech, has emerged as a driving force that is revolutionising the global economic landscape. Fintech’s innovative solutions are transforming how individuals and businesses access manage their finances, providing more efficient, convenient, and secure financial services. As we navigate through 2023, the fintech industry continues to evolve at a breakneck pace, with new…
Chandan Kumar
Adani Ports Buyback Debt Securities Upto $130M
Adani Ports and Special Economic Zone Limited (APSEZ) are in the process of buying back some specific debt securities to partly repay a near-term loan which is due in 2024. The part of Adani group has raised a tender of up to $130 million in unpaid debt. Adani Ports will buy the 3.375% senior notes,…
Shipra Prajapati
India Perseveres On Amidst Global Slowdown
“Headwinds from a slowing global economy are beginning to weigh more on exports,” believes Rahul Bajoria, an economist from Barclays Plc. However, that doesn’t bode well for India, whose exports declined for four months straight. The exports registered a decline of 13.9% in March, while the imports decreased by 7.90% compared to the figures of…
India Records A 14% Surge In Exports To Reach $770 Billion
India’s increasing role in a globalised world and vast growth in the service sector is reflected in its surge in exports and imports. The exports for the financial year 2022-23 turned out to be USD 770 billion, while the imports recorded a new high of USD 892 billion. These figures come when the movement of…
