Centrally appointed Minister Piyush Goyal has recently expressed strong concerns regarding online e-commerce companies, particularly those like Amazon. He accused these retailers of not adhering to the Foreign Direct Investment (FDI) laws in India. Goyal emphasized that consumers should reflect on who benefits from their purchases and learn from the ongoing debate about the implications ...
Foxconn’s Major Investment in India: A Boost for Employment and Manufacturing Foxconn, the renowned electronics manufacturing giant responsible for producing Apple products, is making waves in India with its ambitious plan to invest ₹1200 crore (approximately $144 million) in the country. This strategic move aims to create around 40,000 jobs, strengthening India’s manufacturing sector and ...
The Securities and Exchange Board of India (SEBI) has taken significant action against Anil Ambani’s Reliance Home Finance by imposing a fine of ₹600,000 and banning the company from operating for six months. This ban also extends to Anil Ambani himself, who is prohibited from participating in the securities market for a duration of five ...
On August 24, Prime Minister Narendra Modi will hold a meeting with leaders of central employee organizations. According to a public announcement, the Prime Minister will meet with members of the employee side of the National Council at 7, Lok Kalyan Marg, on August 24, 2024. However, the exact time for the meeting has not ...
When it comes to investment, many people immediately think of the stock market. The allure of higher returns drives many to consider investing in shares. However, with higher returns often comes higher risks. It’s important to remember that attractive returns don’t have to rely solely on the stock market. For those looking for safer investment ...
Goldman Sachs Lowers India’s GDP Forecast for 2024 and 2025 Goldman Sachs Group has revised its GDP growth forecasts for India for the years 2024 and 2025, citing a reduction in government expenditure. The bank now projects an economic growth rate of 6.7% for 2024 and 6.4% for 2025, which reflects a decrease of 20 ...
The stock market has recently faced significant downturns, particularly affecting government shares. A concerning development has emerged regarding a coal-related stock that could impact its value. If the Supreme Court’s review of mining-related tax matters does not yield favorable results, or if the company fails to collect taxes from its customers, Coal India’s financial impact ...
In a significant development in the Indian corporate landscape, the Adani Group’s promoters have recently executed a strategic transaction involving Ambuja Cements, posturing themselves for future financial stability and adjustments. They have sold approximately 2.8% of their stake in Ambuja Cements to investment firms like GQG Partners in an open market transaction, amounting to a ...
The Ambani family has faced a tumultuous day on August 23, highlighted by two significant setbacks involving Anil Ambani and Mukesh Ambani. In the morning, the Securities and Exchange Board of India (SEBI) imposed a five-year ban on Anil Ambani due to allegations of fund diversion. Following this news, a major development concerning Mukesh Ambani ...
In a significant diplomatic gesture, the Government of India has launched the Bharat Health Initiative for Cooperation and Friendship (BHISHM), aimed at providing emergency healthcare in disaster-stricken regions. Prime Minister Narendra Modi announced that India will donate four BHISHM cubes to Ukraine, designed to offer robust medical support in crises resulting from warfare or natural ...