The State Bank of India (SBI), the largest bank in the country, is currently navigating challenges in deposit growth; however, Chairman Dinesh Khara remains optimistic about the bank’s financial health. In light of rising concerns from the Reserve Bank of India (RBI) and the government regarding stagnant deposit growth, Khara emphasizes the bank’s ongoing asset ...
In recent months, India has emerged as a prime destination for global investors, with its economic growth hovering around 7%. Notably, in August, foreign portfolio investors have significantly invested in the country. However, interestingly, this investment has not been directed towards the stock market or as foreign direct investment (FDI) but has instead found its ...
India’s wealthiest individual, Mukesh Ambani, has recently contributed significantly to wealth creation for everyday citizens. In just one week, the public has collectively earned an astounding ₹29,634 crores, largely thanks to Ambani’s conglomerate, Reliance Industries. This surge in earnings not only highlights the strength of Reliance but also reinforces its status as the country’s most ...
As the trend of saving evolves in India, the Ministry of Finance has announced significant changes to the rules governing small savings schemes, including the Sukanya Samriddhi Yojana and various Post Office savings plans. These new regulations will take effect on October 1, 2024, and it is essential to understand how they may impact your ...
Understanding the Significance of the Unified Pension Scheme (UPS) Approximately two years ago, significant unrest regarding pension schemes emerged in states like Uttar Pradesh, Himachal Pradesh, and Uttarakhand during their assembly elections. The central government faced strong opposition to the New Pension Scheme (NPS). This was compounded by a hostile political environment where the opposition ...
The Indian government, led by Prime Minister Narendra Modi, has recently announced a significant development aimed at enhancing the pension system for government employees. Following demands for reforms to the current pension scheme, a new initiative called the Unified Pension Scheme (UPS) has been approved. The primary goal of this scheme is to offer government ...
Ola Electric Mobility has caused quite a stir since its IPO listing. The company has delivered double returns to investors, reaching a high of ₹157.40 post-listing after debuting at ₹76. Although there has been a slight decline in the share price recently, the overall performance has been impressive. Now, another major player in the automotive ...
The Indian telecommunications industry is embarking on an ambitious journey towards the implementation of 6G technology. Under the leadership of Union Minister Jyotiraditya Scindia, telecom companies aim to secure a 10% share of all global 6G patents and contribute significantly to international standards within the next three years. This initiative highlights India’s commitment to not ...
Pakistan, India’s neighboring country, is striving to strengthen its economy through various measures. From seeking loans from the World Bank to implementing domestic strategies, the country is leaving no stone unturned. Recently, the State Bank of Pakistan made a significant announcement regarding the introduction of polymer plastic currency notes by the end of this year. ...
The retail business in India, particularly online retail, is experiencing rapid growth, with e-commerce and quick commerce making significant strides. Amidst this surge, Union Commerce Minister Piyush Goyal has raised concerns regarding major e-commerce companies like Amazon, alleging that they have failed to fully comply with the country’s Foreign Direct Investment (FDI) laws. He emphasized ...