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Economist Kaushik Basu has pointed out two key factors that would be crucial for a country like India to emerge as an economic power. He says that first and foremost is to focus on developing creative education and health sectors, while the second is to move away from hyper-nationalism. The former Chief Economist of the […]
Union Communication Minister Ashwini Vaishnaw announced on Thursday that UPI and Rupay card services will be available in France soon, providing a significant boost to the Unified Payments Interface (UPI) and Rupay cards. According to reports, the National Payments Corporation of India’s (NPCI) international arm has signed an MoU with the Lyra Network of France […]
The cryptocurrency sell-off has gotten so bad in recent weeks that simply referring to it as a “crash” no longer suffices. Instead, as Binance CEO Changpeng Zhao tweeted early Wednesday morning, “it’s a bloodbath out there.” The total market cap of all cryptocurrencies has fallen by more than $2 trillion since the peak last fall, […]
After a review of the ‘status of human resources in all departments and ministries’, Prime Minister Narendra Modi’s office tweeted that the government will undertake the recruitment of 10 lakh people in mission mode, in the next 1.5 years. Massive Employment at this point? What could be the cause? The government has been slow on […]
Sustainalytics has classified Adani Transmission Limited’s (ATL) USD 700 million revolving facility as a green loan. ATL is India’s largest private sector power transmission and distribution company. This tag by Sustainalytics provides security for the revolving facility’s green loan framework. This is major as it is first of its kind certification of green loan in […]
Chief Economic Adviser (CEA) V. Anantha Nageswaran today said that India is on its way to becoming a US $5 trillion economy by 2026-27 and might even reach $10 trillion by the end of the next ten years. He insisted that with India currently at $3.3 trillion, achieving $5 trillion will not be a difficult […]
The Dholera International Airport project in Gujarat was authorised by the Cabinet Committee on Economic Affairs (CCEA) on Tuesday. The Airports Authority of India and the Gujarat government would jointly own the airport, which will be connected by highways, fast transit systems, and trains. Anurag Thakur, Minister of Information and Broadcasting, stated. The first phase […]
Billionaire Mukesh Ambani led Viacom18 emerged as the winner of the online streaming rights of the Super Bowl of Cricket on Monday. He is looking for his next fortune in a $1 billion content-streaming business. Actually, the proceeds from the digital rights to the Indian Premier League cricket, which billionaire Mukesh Ambani’s Viacom18 snatched from […]
Dr. Pankaj R. Patel, Chairman of Zydus Lifesciences, has been appointed as a part-time non-official director on the Reserve Bank of India’s (RBl) Central Board, the firm reported in an index filing on June 14. The Cabinet Appointments Committee (ACC) has approved the appointment request for a four-year term. “The Cabinet Appointments Committee (ACC) accepted […]
Billionaire Gautam led Adani Group, and TotalEnergies, France’s energy supermajor, have formed a new cooperation to build the world’s largest green hydrogen ecosystem. TotalEnergies will buy a 25% minority stake in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd as part of this strategic cooperation (AEL). ANIL plans to invest more than USD 50 […]
LIC’s slogan Yogakshemam Vahamyaha is in Sanskrit language which translates in English as “your welfare is our responsibility” but the IPO of LIC has proved to be completely opposite of it as Life Insurance Corp of India became one of the largest wealth destroyers among Asia’s IPOs (initial public offerings) this year, with a market […]
Presidential elections are little more than a month away and it seems that the opposition has picked the candidate it would support. In the past week or so, leaders from Congress and other parties have been seen holding a series of meetings with former Union Minister Sharad Pawar. These meetings have led to the speculation […]
IndiGo, a low-cost carrier, safely transported a live organ – a heart, from Vadodara to Mumbai in less than 2.5 hours last week, saving a life. Team IndiGo successfully transported a live heart from a Vadodara operating theatre to Global Hospitals in Mumbai in two hours and twenty-two minutes, which is well-within the three-hour time […]
This seems to be a Black Monday for crypto. Market watchers woke up to a crypto all time low this year. The global market cap shrunk to $1.02 trillion from $1.10 trillion recorded June 12. The immediate trigger for the crypto crash appears to be a massive sell-off by investors amid heightened inflation fears. The […]
On Monday, the Indian rupee sank to a new all-time low of 78.15 against the US dollar. In the midst of a toxic mix of rising expenses and slowing growth, the dollar strengthened on lower demand. Last week, the dollar index gained after consumer price inflation in the United States soared to new 40-year highs, […]
3 Benefits Of Term Insurance With Return Of Premium
Cards from all banks saw a surge in growth, with the numbers given as follows – Kotak Mahindra Bank – (48.5%) Axis Bank- (+28.6%), RBL Bank-(+24.9%), International Investment Bank (24.2%). Two banks namely American Express and CITI saw a decline of 11% and 3% respectively. ICICI Bank and Axis Bank also reported an increase in […]
Apollo Global Management Inc. and Reliance Industries Ltd together have made a binding offer to acquire American company, Walgreens Boots Alliance Inc.’s Boots pharmacies unit and are said to be leading in the race. According to the sources, the bid from consortium of Apollo and Reliance has a complete financial backing. The bidding process has […]
On the field, Gujarat Titans surprised everyone and finished as the best team in this year’s Indian Premier League. Now that the stage is set for the IPL media rights e-auction – linear and digital – on Sunday, it will be interesting to see if a newcomer rules the roost. The auction pool has ten […]
Gujarat and other states will not receive compensation from the Centre to balance shielded GST revenue from next month, as the goods and services tax (GST) regime approaches its fifth year. Gujarat has pending tax dues of Rs 60,000 crore, according to the state commercial tax department, at a time when the state’s average growth […]
