Jatin Dalal Resigns As Wipro CFO: Aparna Iyer Named New CFO
On Thursday, India’s leading IT service firm, Wipro, said that its chief financial officer, Jatin Dalal, quit its 21-year stint with the company. India’s fourth-largest software services company has appointed insider Aparna C Iyer as its new CFO. Dalal’s resignation is another in a string of high-level exits at the IT giant in the last…
Monika Gola
Foxconn Seeking Investment Opportunities in India
The Taiwanese electronics manufacturing firm, Foxconn hopes to invest billions of dollars in India in the near future because it sees an opportunity for growth in the Indian economy. According to Foxconn Chairman and CEO Young Liu, the company’s annual turnover in the Indian market has surpassed USD 10 billion, which leads to enormous investment…
Swadeshi Brands That Are Truly Timeless
Historically, the Swadeshi movement started from Town Hall, Calcutta (now Kolkata) on 7 August 1905 to curb British products and improve the dependency on domestic production. Decades after the Swadeshi movement, the country is pushing hard to find economic footing. Nowadays, buying local products is an idea of contributing to the nation’s development. For the…
The Evolving Role of Wealth Management in the Digital Future
As per the survey conducted by Wealth and Asset Management, 80% of modern investors prefer using mobile applications to monitor their investments and connect with advisors. And more than 40% of investors now demand digital access to their accounts. Modern-day technology fosters new capabilities via mobile interaction and plays a vital role in reshaping the…
Titans Unite: HDFC’s $168B Merger Ignites Banking Arena
Investors around the world are eagerly awaiting the final stage of the merger between India’s most valuable lender, Housing Development Finance Corp (HDFC), and the country’s top mortgage financier, HDFC Bank Ltd. This groundbreaking merger has the potential to create the world’s fifth-most valuable bank, with a projected worth of $168 billion. The process, which…
Atomberg Raises $86M to Transform Indian Appliance Market
In a significant development for the Indian appliance market, Atomberg Technologies, a leading smart and energy-efficient fan manufacturer, has announced a successful Series C funding round. The funding, amounting to $86 million, was led by prominent investment firms Temasek and Steadview Capital. This significant injection of capital marks a turning point for Atomberg Technologies, setting…
Biden Strikes Debt Ceiling Deal, Easing Concerns of Catastrophic Default
In a significant development, U.S. President Joe Biden and House Speaker Kevin McCarthy have come to a mutual understanding on a budget agreement that entails the suspension of the $31.4 trillion debt ceiling until January 1, 2025. Biden expressed his satisfaction with the deal, emphasising that it safeguards the American people, removes the threat of…
Impending Catastrophe: Impact of US Debt Default on Citizens
Nation Holds its Breath as Financial Chaos, Economic Turmoil, and Social Programs Hang in the Balance With the United States teetering on the edge of a potential debt default, the consequences for American citizens could be devastating. Experts are sounding the alarm, emphasising the dire implications that could reverberate across the nation as a result….
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…
Aakash
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…
Ojasvi