In historic development on the 9th of April, the Sensex crossed the 75,000 points mark for the first time and the Nifty 50 opened above a new record high of 22,700 mark. Up 382 points or 0.5%, the BSE Sensex opened at its all-time high of 75,124.28. In keeping with this, the Nifty 50 opened at 22,768.40 as opposed … Read more
The proposed Electric Vehicle plant by Tesla in India seems to be gaining momentum, as Elon Musk is visiting India next month to meet prime minister Narendra Modi. As per a report by Reuters citing two sources with direct knowledge of the matter, the plans to invest in a new Tesla car factory in India will be … Read more
On Friday, 23rd June 2023, Google made a momentous commitment to India’s digital future by announcing a $10 billion investment in the country’s digitisation fund. During a meeting between Google CEO Sundar Pichai and Prime Minister Narendra Modi, Pichai expressed admiration for India’s fintech leadership and pledged support to small and large businesses not just in India but also … Read more
On the 29th of June, the Board of Executive Directors of the World Bank approved $1.5 billion in financing to India. Its aim is to accelerate India’s development of low-carbon energy. It will help India promote low-carbon energy in three separate ways. First, with more finance at its disposal, India will scale up and accelerate the pace … Read more
The Payments Council of India (PCI), a representative body of the non-banking payment industry in India, welcomed the Reserve Bank of India’s (RBI) move to enable the issuing of tokens for cards via internet and commercial banks. This RBI decision, announced through a recent circular, will empower cardholders by offering them an additional option to … Read more
On Sunday (27 August), Prime Minister Narendra Modi delivered a keynote address at the Business 20 (B20) Summit 2023 which is organised by CII. Notably, B20 is the official G20 dialogue forum with the global business community. Through his address, PM Modi laid a strong pitch for inviting business leaders and investors to become a … Read more
Ashneer Grover, co-founder of BharatPe, said on Tuesday, September 26, that an alleged Rs 55,000-crore Goods and Services Tax (GST) demand from online gambling companies will not help India attain its goal of being a $5-trillion economy. Grover is the founder of the fantasy game app Crickpe. Grover stated on the X platform (previously Twitter) that “na … Read more
India has added nearly 5.2 crore new formal jobs between the financial year 2020 and 2023, according to an SBI research report. The report was based on an analysis of the Employee Provident Fund Organisation (EPFO), National Pension Scheme (NPS), and Employees State Insurance Corporation (ESIC). 2.7 crore new employees were added during the same period, according … Read more
In a major development, the United States has strongly opposed China’s claim of sovereignty over Arunachal Pradesh, describing it as “unilateral attempts” by Beijing to assert its territorial claims. Biden administration’s response comes after China released a new list of Chinese names for 30 sites in India’s northeastern state. “The United States strongly opposes any … Read more
Billionaire Elon Musk-led Tesla Inc. has initiated its search to identify sites for building its proposed $2 billion to $3 billion Electric car plant in India. On Wednesday (3rd April), the UK’s Financial Times reported that the electric vehicle (EV) maker will send its team to India by late April to scout sites. As per the report, the team’s … Read more