Foxconn, the world’s largest contract manufacturer of iPhones, is on the brink of establishing its own dedicated manufacturing city in India, similar to the Foxconn City located in its home country of Taiwan and China. Multiple states in India are competing to offer land to Foxconn for this ambitious project, aiming to create a large-scale ...
In the world of stock markets, fluctuations are common, but when it comes to Mukesh Ambani’s Reliance Industries, the impact can be significant. In a recent trading session, the company’s shares experienced a notable drop, resulting in a hefty loss for the billionaire industrialist. Recent Developments Ahead of the Annual General Meeting This Thursday at ...
The cryptocurrency market experienced a massive downturn on Wednesday, leading to significant declines across various digital assets. Despite a bullish atmosphere in stock markets, cryptocurrencies bore the brunt of a market cap drop of over 5%, with Bitcoin’s value crashing below the $60,000 mark for the first time in several months. Experts attribute this slump ...
On Wednesday, Dinesh Kumar Khara, the Chairman of the Indian State Bank (SBI) and one of the most prominent figures in India’s banking sector, retired from his position. During his retirement speech, Khara presented an ambitious profit target of INR 1 trillion to the new chairman, C.S. Shetty. This bold goal highlights the stellar growth ...
India is set to revolutionize its solar sector, spurred by Prime Minister Modi’s earlier announcements promoting solar energy growth. In a significant development, a major company has outlined a plan to generate solar energy from India to South Africa. Candy Solar India, a prominent player in the solar energy sector, aims to establish 200 megawatts ...
Introduction The Vedanta Group, a prominent business house in India, has announced plans to establish two new industrial parks in the country. These parks will be pivotal in supplying essential resources like aluminum, zinc, and silver. Anil Agarwal, the Chairman of Vedanta Group, made this significant announcement via his Twitter account, highlighting that these parks ...
Since the major telecom companies like Jio, Airtel, and Vodafone Idea have increased their tariffs, there has been significant discussion around the state-run telecom corporation BSNL. This surge in attention is largely due to BSNL’s affordable tariff plans, which have attracted many users to switch from private telecom operators. While Jio, Airtel, and Vodafone Idea ...
Transforming Investments: The Power of Mutual Funds Mutual funds have the incredible potential to make you a millionaire. The ICICI Prudential Value Discovery Fund, one of India’s largest asset management companies, has transformed an initial investment of ₹1 million made 20 years ago into an astonishing ₹45 million. This impressive growth translates to a compounded ...
If you have any banking-related work today, this news may be crucial for you. The All India Bank Employees Association (AIBEA) has announced a nationwide strike today, which could affect banking services across the country. As a result, your banking tasks might face delays. Before heading to your bank, it is advisable to call your ...
Upcoming GST Council Meeting and Key Discussion Points The Goods and Services Tax (GST) Council of India is scheduled to hold its 54th meeting on September 9, 2024. This meeting promises to address several critical issues concerning tax rationalization and the potential extension of the GST compensation cess, among other matters. Focus on Tax Rationalization ...