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
Indonesia’s Economy Expected To Surpass Russia’s By 2026
The landscape of the global economy is changing every so often. Recently India surpassed the UK to become the 5th largest Nominal economy in the world. Now, according to the data from the IMF (International Monetary Fund) Indonesia is all set to surpass Russia to become the 6th largest economy in terms of PPP (Purchase…
abhinav singh
Indonesia Can Bridge The East-West Gap, Says Businessman
One of the most prominent businessmen in Indonesia has said that Indonesia has the potential of being the bridge between the eastern axis and the western axis. Anindya Bakrie also noted that China has been investing a lot of money in Indonesia for a long time now but the South Asian country is trying to…
US-India Alliance: Boosting Energy Transition Investments
US Treasury Secretary Janet Yellen announced that the United States and India have joined forces to establish an investment platform with the goal of reducing capital costs and stimulating private investment for India’s energy transition. This collaboration was confirmed after a meeting between Yellen and India’s Finance Minister Nirmala Sitharaman held on the sidelines of…
Yash Sharma
Rupee Opens 11 Paise Higher at 81.93 on Weak Dollar PostÂ
The Indian rupee kicked off the trading day positively, strengthening by 11 paise against the US dollar. This upward trend in the local currency occurred despite the relatively hawkish stance expressed by Federal Reserve Chair, Jerome Powell during his testimony to US lawmakers. The rupee commenced trading at 81.93 against the dollar, surpassing the previous…
PM’s Upcoming State Visit to the US: An Unprecedented Honour
In an extraordinary show of recognition, Prime Minister Narendra Modi is set to embark on a momentous state visit to the United States on June 22. This exclusive invitation from President Joe Biden makes Modi only the third world leader, following in the footsteps of France’s Emmanuel Macron and South Korea’s Yoon Suk Yeol, to…
U.S. Wants India To Buy Armed Drone On Modi Visit
Prime Minister Narendra Modi is about to visit Washington, DC, in the last week of June. On the visit, the Biden administration wants India to cut through its own red tape and advance a deal for U.S-made armed drones, which is expected to be worth $2 billion to $3 billion. However, India has previously shown…
US Emerges As India’s Biggest Trading Partner For FY23
Recent reports have revealed that the US surpassed China and became India’s biggest trading partner in the financial year 2022-23. The data released by the Ministry of Commerce suggests that the bilateral trade between the US and India reached $119.42 billion from $80.51 billion in 2020-21. Exports increased to $76.11 billion from $51.62 billion in…
KKR Announced To Invest $450 Mn In HFE With Hero Group
Kohlberg, Kravis Roberts & Co. (KKR) announced on Tuesday to invest $450 million, almost Rs. 3,585 crores, in Hero Future Energies (HFE). KKR is a Global Private Equity major which has deployed over $15 million globally to invest in renewable assets. “This investment will position HFE for continued growth and support its efforts to expand…
Himanshu
Edtech Unicorn upGrad Raises $210 Million In Latest FundingÂ
Edtech unicorn, upGrad, has raised $210 million in the latest funding round that has been conducted by prominent investors and family offices, including ETS Global, Bodhi Tree, Singapore’s Kaizen Management Advisors, Bharti Airtel, Narotam Sekhsaria Family Office, Lakshmi Mittal’s Artisan Investments, along with existing investors Temasek, IFC and IFL. upGrad was founded by Ronnie Screwvala…
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