In a significant development for India’s banking sector, the State Bank of India (SBI), the country’s largest public sector lender, has introduced its new Chairman, C.S. Shetty. Taking on this vital role, Shetty has shared insightful details about the bank’s future plans and strategies aimed at enhancing its performance and customer experience. Focus Areas for ...
Indian tourists not only contribute to the economies of popular destinations like the Maldives, Europe, and the United States but also play a significant role in boosting the economies of other Southeast Asian countries, with Cambodia being a notable example. A representative from the Cambodian Ministry of Tourism recently highlighted that the nation anticipates a ...
The recent release of India’s GDP data for the first quarter has sparked discussions across the nation. As of 30th June, the GDP has dipped to its lowest level in 15 months, raising concerns about the underlying reasons for this decline in economic growth. Experts have been analyzing the data to identify the factors contributing ...
Current Trends in Gold and Silver Prices In August, the prices of gold and silver moved in opposite directions on the Multi Commodity Exchange (MCX). Gold prices saw a notable increase, while silver witnessed a slight decrease. Specifically, gold prices rose by approximately 3% during the month, whereas silver faced a decline of less than ...
According to a recent report, the Unified Payment Interface (UPI) has emerged as a leader in transaction processing from April to July 2024, surpassing other alternative payment methods globally. This surge in UPI’s popularity is attributed to its growing adoption across various countries. Further enhancing the optimism surrounding UPI, Reserve Bank of India (RBI) Governor ...
The Man Company, a new-generation brand in men’s grooming, is set to join the ranks of well-established brands like Boroplus, Fair & Handsome, and Jandu. The company, owned by Helios Lifestyle, is in the final stages of negotiating the sale of its remaining stake in The Man Company. Acquisition Details Helios Lifestyle currently holds a ...
The Potential Changes in IPO Regulations Are you contemplating starting your own company and getting it listed on the stock market? Do you wish to raise funds through an Initial Public Offering (IPO)? You might have wondered about the ease of launching an IPO in India when you learn that a company with just eight ...
The Chief Economic Advisor (CEA) V. Ananth Nageswaran has delivered some encouraging news to the government, stating that despite the country’s Gross Domestic Product (GDP) growth rate dropping to a 15-month low of 6.7% in the April-June quarter of the current financial year, the Indian economy is on track to achieve a growth rate of ...
Asia’s richest businessman Mukesh Ambani is set to assist the country’s citizens in fulfilling their dream of owning a home. His non-banking financial company (NBFC) is developing plans to provide loans to the general public. The groundwork for this initiative has already begun. Mukesh Ambani launched his NBFC, Jio Financial, last year. However, on Friday, ...
Introduction The Indian Union Minister Sarbananda Sonowal announced that the proposed Wadhawan Port in the Palghar district of Maharashtra is expected to generate 1.2 million job opportunities for local youth and women once operational. Speaking at the foundation stone laying ceremony for the port project at the CIDCO grounds in Palghar, Sonowal emphasized that under ...