Indian industrialist Gautam Adani has been on a growth trajectory since the controversies surrounding the Hindenburg report began to subside. Recently, his company has successfully raised several thousand crore rupees through a qualified institutional placement (QIP). Now, in a strategic move to expand his port operations, Adani is set to acquire a 15-year-old company for ...
India’s Forex Reserves Reach Historic High The Reserve Bank of India (RBI) has delivered fantastic news to the government: the country’s foreign exchange reserves have hit a historic high, marking a significant financial boost despite challenges faced in GDP growth. In a remarkable turning point, the government has seen an increase of ₹59,000 crores (approximately ...
The Unified Payment Interface (UPI) of India is rapidly becoming the favorite payment system globally. An impressive aspect of this Indian payment system is its ability to overshadow even China’s dominance in the digital payment space. In just five months, UPI transactions soared to nearly $1 trillion, equivalent to ₹81 lakh crores. In contrast, payment ...
Signs of Economic Slowdown in India? The question arises whether signs of a recession are emerging in the Indian economy. This concern has been heightened following the recent release of economic growth figures and core industry growth data. Contrary to the Reserve Bank of India’s (RBI) forecasts, the country’s GDP growth rate for the first ...
The Indian aviation sector is poised for a significant transformation on November 11, as the Tata Group’s airline, Vistara, will cease its operations as a standalone airline. Following its merger with Air India, all Vistara flights will now operate under the Air India brand. This transition raises an important question for customers: What will happen ...
Current Gold and Silver Prices: An Overview In the heart of India’s capital, Delhi, gold prices have witnessed an increase after a two-day pause. On Wednesday, there was no change in gold prices, and while the prices dipped on Thursday, they surged again on Friday. Interestingly, silver prices remained stable throughout this period. In international ...
If you enjoy alcohol, this news could be incredibly beneficial for you. The shares of the renowned whiskey producer, Piccadilly Agro, have seen impressive growth recently. On Friday, Piccadilly Agro’s shares surged by 5 percent, reaching ₹800.95 on the Bombay Stock Exchange, making investors very pleased. Additionally, whiskey enthusiasts have another reason to celebrate as ...
In a world grappling with rising inflation, Europe has provided a glimmer of hope. Approximately 20 countries that use the Euro as their currency have recently reported a drop in inflation rates, signaling positive economic shifts. These countries are all members of the European Union (EU) and rely on a unified currency, managed by the ...
Mahindra & Mahindra, a leading company in India’s SUV segment, is on the brink of a significant deal with Skoda Auto, a subsidiary of the German automotive giant Volkswagen. The discussions about this potential partnership have been circulating in the media for about two months, and recent reports indicate that the talks are now in ...
Prime Minister Narendra Modi inaugurated and laid the foundation for several projects in Mumbai and Palghar today, including the highly anticipated वाधवण Port Project, which is expected to cost around ₹76,000 crores. This project aims to establish a world-class maritime gateway that is set to transform the economic landscape of Maharashtra and boost the nation’s ...