News that matters
According to the Asia Power Index 2024 Edition, released by the Sydney-based Lowy Institute, India has surged to 3rd place with a score of 39.1 out of 100, surpassing Japan. This remarkable achievement is fueled by India’s robust post-COVID-19 economic recovery. Related: Sydney’s Top 5 Best-Kept Secrets Top Countries: USA – Score: 81.7 China –…
Moody’s Corporation, a leading global ratings agency, has revised India’s 2024 GDP forecast upwards from its previous estimate of 6.8% made in June to 7.1% for Calendar Year 2024 (CY24). The update reflects the resilience of the Indian economy amidst ongoing global uncertainties, indicating a stable outlook for the country’s growth trajectory. India’s 2025 Growth…
The idea that only India faces problems while other countries remain unaffected is a misconception. Every nation in the world grapples with its own set of challenges, shaped by its unique history, culture, and circumstances. This statement is not accurate because issues such as economic instability, political conflict, environmental concerns, and social inequality are global…
Mumbai, Maharashtra – Kotak Mahindra Bank Limited (KMBL) has officially announced the amalgamation of two of its wholly owned subsidiaries: Sonata Finance Private Limited (SFPL) and BSS Microfinance Limited (BML). This decision marks a significant development in the bank’s strategic consolidation efforts. Details of the Amalgamation Approval from Boards Board Decision: Both the Board of…
McDonald’s reported its first global sales decline in more than three years as consumers increasingly sought cheaper options and ate out less. The fast-food chain said on Monday that it was the first decline since the final quarter of 2020, when the COVID-19 pandemic and government restrictions shuttered businesses and left millions of people homeless….
Ola Electric IPO: PL said that while Ola Electric’s business and growth prospects are the same, its profitability could also be an important consideration. One of the largest players is in India. The local brokerage said that while Ola Electric’s business and growth prospects are good, its profitability could also be an important consideration. PL…
The Economic Survey 2024 offers a comprehensive analysis of India’s economic landscape, outlining critical developments and future projections. Delivered a day before the Union Budget 2024, this annual report highlights the country’s economic resilience and strategic policy directions. As India continues to navigate global uncertainties and domestic challenges, the Economic Survey provides valuable insights into…
The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, is a comprehensive roadmap aimed at steering the Indian economy towards sustained growth and development. Amid global economic uncertainties and domestic challenges, this budget lays a strong foundation for economic revival, inclusive growth, and sustainable development. With a projected GDP growth of 6.5% for 2024-25,…
Zerodha, a stock broking firm, experienced another technological snag on Friday, with several users of its trading app Kite reporting frozen screens and other troubles. Users took it to social media platform X, stating that Zerodha’s broking platform had entirely stalled, causing them problems for a short time. According to sources, the broking platform has…
The National Council of Applied Economic Research (NCAER), situated in New Delhi, predicted that the Indian economy will develop at a rate greater than 7% in the fiscal year 2024–2025 (FY25) in its April 2024 Monthly Economic Review (MER). Anticipated increases in trade volumes and global growth, along with the expectation of an above-average monsoon,…