Category: Business & Economics

Adani Enterprises Posts Staggering 664% Profit Surge in Q2, Fueled by Core Infrastructure Investments

Manish Kumar

Record-Breaking Quarter for Adani Enterprises Adani Enterprises Ltd. (AEL), the flagship entity of the Adani Group, reported a striking 664% increase in net profit for the July-September quarter, climbing to ₹1,741 crore from ₹228 crore during the same period last year. The remarkable growth signals Adani’s successful push into high-growth sectors like logistics, renewable energy, and advanced infrastructure, all of which have been essential drivers behind this impressive quarter. Q2 Performance Snapshot The July-September results reflect a notable increase not only in net profit but also in overall revenue. AEL’s…

Unlimited Calls and Data at Rs 153: Jio’s Diwali Offer Brings Festive Relief to Millions

Manish Kumar

Reliance Jio’s Rs 153 plan is a great deal for JioPhone users looking for unlimited calls, data, and SMS benefits at an affordable price. With the addition of Jio TV and Jio Cinema subscriptions, the plan offers excellent value, especially for entertainment lovers. Reliance Jio, one of the leading private telecom service providers has launched a special offer on this Diwali (2024), which is expected to bring major relief to millions of customers who are troubled by expensive recharge plans. To combat this trouble, the telecom giant has introduced an…

India Delivers Lifesaving Medical Supplies to Palestine Amid Middle East Crisis

Manish Kumar

Amid escalating tensions and humanitarian needs in Gaza, the Indian government has taken a decisive step to support the people of Palestine. Sending a shipment of 30 tonnes of essential medical supplies, India reaffirms its commitment to humanitarian aid and regional peace, providing much-needed relief to communities affected by the ongoing conflict. Medical Aid: India’s Lifeline to Palestine The recent consignment, dispatched by India’s Ministry of External Affairs (MEA), includes a range of lifesaving and essential medicines, such as anti-cancer drugs, which are critical for treating the immediate medical needs…

FM Nirmala Sitharaman Projects Robust 7.2% GDP Growth for India in FY25

Manish Kumar

India’s economic outlook for the fiscal year 2024-25 is optimistic, with Union Finance Minister Nirmala Sitharaman projecting a real GDP growth rate of 7.2 percent. This announcement was made at the 50th International Monetary and Financial Committee (IMFC) meeting on October 26. The Press Trust of India reported on the finance minister’s detailed presentation of the nation’s economic drivers and future goals. Key Drivers of Growth: Investment and Consumption Sitharaman emphasized that the projected growth is primarily driven by robust investment and consumption. The government’s strategic focus on these areas…

Turbostart Launches TS Bridge: A New Chapter Begins

Manish Kumar

New Delhi – Turbostart, a global sector-agnostic venture capital platform, marked its 5th anniversary with the launch of TS Bridge, an innovative investment platform designed to democratize access to high-potential startups. The celebratory event, held at The Leela Palace Hotel in Bengaluru, brought together industry leaders, investors, and startup founders to commemorate this significant milestone. TS Bridge sets higher standards in the startup investment landscape, offering investors the unique opportunity to invest in high-potential startups along with Turbostart itself. Through two distinct investment categories – Scout, focusing on campus-led innovation, and Rise, catering…

BSNL Gains Ground as Private Telecom Giants Lose Subscribers Amid Tariff Hikes

Manish Kumar

BSNL’s Surprising Subscriber Surge In a notable shift within India’s telecom landscape, the state-owned Bharat Sanchar Nigam Limited (BSNL) saw significant subscriber gains for the second consecutive month, even as private telecom giants Reliance Jio, Bharti Airtel, and Vodafone Idea experienced declines. According to the latest Telecom Regulatory Authority of India (TRAI) report, BSNL added 25.3 lakh new subscribers in August, building on a gain of 29.3 lakh in July. Meanwhile, India’s net mobile subscriber base saw a drop of 57.7 lakh users in August, a steeper loss compared to…

Sensex Dips Below 80,000: Is China Stealing Dalal Street’s Diwali Sparkle?

Manish Kumar

Market sees volatility as foreign investors shift focus amid weak Q2 earnings Market Decline Continues as Foreign Investors Pull Out Indian stock markets are reeling from a wave of volatility, with the Sensex dipping below the 80,000 mark amid continuous foreign investor exits. On Friday morning, the Sensex dropped by 628.64 points, touching 79,436.52, while the NSE Nifty50 lost 254.30 points, trading at 24,145.10. This steep slide reflects growing caution among investors who have been shaken by weak Q2 earnings and a massive withdrawal of funds by Foreign Institutional Investors…

Amaravati Drone Summit 2024: Paving the Way for an International Drone Hub

Manish Kumar

Over 5,000 Drones Set to Participate Amaravati, the capital of Andhra Pradesh, is hosting the highly anticipated Amaravati Drone Summit 2024, a two-day event that begins today. Organized by the Andhra Pradesh Drone Corporation, the summit will showcase over 5,000 drones and bring together industry experts, researchers, students, and innovators. The event, supported by the Ministry of Civil Aviation, the Confederation of Indian Industry, and the Drone Federation of India, is taking place at Punnami Ghat on the banks of the Krishna River. Union Civil Aviation Minister Kinjarapu Ram Naidu…

Nine IPOs Worth Rs 11,000 Crore to Hit the Market Next Week Amid Positive Sentiment

Manish Kumar

Three Major Listings Also Set to Take Place, Including Hyundai Motor India Despite the ongoing correction in the equity markets, the momentum in the primary market remains strong, with nine Initial Public Offerings (IPOs) worth nearly Rs 11,000 crore set to launch next week, starting from October 21. Both the mainboard and SME segments are gearing up for a flurry of activity, and three companies, including Hyundai Motor India, are scheduled for listing. While the benchmark indices—Nifty 50 and BSE Sensex—have experienced corrections for three consecutive weeks, experts believe that…

Aspire Startup Program Showcases over 900 Startups; Facilitates 500 Investor Meetings, 100+ Mentoring Sessions at IMC 2024

Manish Kumar

Propels Tech & Telecom Innovation across sectors such as 5G applications, AI, Deep Tech, Green Tech and Smart Mobility Witnesses launch of STPI LEAP AHEAD 2.0 program for mentorship and funding up to Rs 1 crore New Delhi, 18th October 2024 – The India Mobile Congress (IMC) 2024, Asia’s largest telecom, media and technology forum, being held at Pragati Maidan from October 15-18, set the stage for a transformative future, featuring over 900 startups under its flagship startup program, Aspire, aimed at driving innovation across diverse sectors. Aspire, IMC’s flagship startup program provided…