India Beat China To Be The Biggest Gold Jewellery Buyer
As per the latest report from the World Gold Council, India beat China and emerged as the world’s biggest buyer of gold jewellery in 2024. In the previous year, India’s jewellery consumption stood at 563.4 tons, but China’s was 511.4 tons, 52 tons less. The report from the World Gold Council highlights that the Indian…
ABHYUDAYA MITTAL
OpenAI CEO Visits India: First Visit After June 2023
OpenAI CEO (Chief Executive Officer) Sam Altman landed in India late at night on February 4, 2025. It’s his first visit after he came to India in June 2023, when he discussed AI regulations with PM Modi. Sam Altman will first meet PM Modi and then India’s IT, Rail, and I&B Minister Ashwini Vaishnaw on…
Bhumika
India & Indonesia To Abandon USD For Trade
India and Indonesia, both members of BRICS, have officially agreed to move away from using the US dollar for cross-border transactions instead of settling in their local currencies. This decision comes despite President Trump’s threat of imposing 100% tariffs on imports to the US. Indonesia has long sought to promote its national currency for trade,…
Yash Sharma
Gaurav Gupta Becomes The New President Of TVS Motor
Gaurav Gupta, the former Chief Growth Officer at JSW MG Motor India Pvt. Ltd., joined TVS Motors as president of India 2W (two-wheeler) business on Monday, February 3, 2025. His last working day at JSW MG Motors was January 31, 2025. Radhakrishnan welcomed Gaurav Gupta to TVS, stating, “We are confident that under his leadership,…
Before Budget 2025, FM to Table the Economic SurveyÂ
Finance Minister (FM) Nirmala will present the union budget 2025-26 tomorrow, February 1. However, ahead of that, India’s FM will table the economic survey for 2024-25 in parliament today, January 31, 2025. The document evaluates key economic indicators, including deceleration and rupee depreciation, against the US dollar and changes in consumer spending. The pre-budget document…
Vipin Kumar
India To Surpass Japan and Germany In Economic Growth
The annual meeting of Tamil Magazine ‘Thuglak’ took place in Chennai on January 14, 2025. It was the 51st anniversary of Thuglak, which Cho Ramaswamy founded on January 17, 1970. Many politicians, including Amit Shah, LK Advani, and PM Narendra Modi, attended this annual meeting. Piyush Goyal, the Union Minister of Commerce and Industry, addressed…
Shipra Prajapati
Indian Banks Introduce New FD Schemes to Boost DepositÂ
Amid liquidity shortage, top banks are changing fixed deposit rates using special tenures, senior citizen benefits, and bulk deposit schemes. Among all banks, IDBI Bank is the latest to launch higher rates for super senior citizens (aged 80 years or more). Bank of Baroda has initiated a liquidity fixed deposit scheme. IDBI Bank’s ‘IDBI Chiranjeevi-Super…
BP’s Big Success: Secured A Major ONGC Contract
On Tuesday, January 8, 2025, the UK-based global energy company BP PLC secured a major contract to operate and enhance production from ONGC’s (Oil and Natural Gas Field) flagship Mumbai High Field. The UK-based firm didn’t disclose the contract’s financial details, such as the revenue share. ONGC’s Mumbai High Field is India’s largest oil and…
India’s GDP Expected To Grow At 6.4% In The FY25
On January 7, 2025, the centre released estimates for India’s GDP (Gross Domestic Product) growth rate in the current fiscal year. According to this estimation, the country’s GDP is predicted to grow at 6.4% in the fiscal year 2024-25, marking a four-year low and a sharp decline from 8.2% in FY24. A recent report from…
Himanshu
Manmohan Singh Dies At 92: Government Declares Mourning
Manmohan Singh, India’s former Prime Minister and one of the finest economists, passed away Thursday night at AIIMS Delhi at 92. He joined the Indian government as an economic advisor in 1971 in the commerce ministry. Born in 1932 in Punjab, Manmohan Singh served India as prime minister between 2004 and 2014. Manmohan Singh retired…
