Category: Business & Economics

Adani’s Rs 3,700 Crore Project in Jeopardy as Sri Lanka Reconsiders Approval

Manish Kumar

Sword hanging over Adani’s Rs 3700 crore project, Sri Lanka said – will think again for approval Sword seems to be hanging over a project of Gautam Adani to be started in Sri Lanka. This project of 440 million dollars (about Rs 3700 crore) is related to wind power. The new administration of Sri Lanka has said that it will think again about this project and then take a decision. Earlier, the interim government of Bangladesh has also given a blow to the Adani Group. Recently Anura Kumara Disanayake has…

Hyundai India Launches Historic $3.3 Billion IPO: India’s Largest Share Sale Ever

Manish Kumar

Marking a New Chapter in Hyundai’s Journey in India, IPO Aims to Strengthen Market Position   Hyundai’s Journey in India Hyundai’s presence in India has been nothing short of transformative. Since its entry into the Indian market in 1996, Hyundai has steadily grown to become the country’s second-largest automaker, shaping the Indian automobile landscape with popular models like the Santro, Creta, and Venue. Competing closely with market leader Maruti Suzuki, Hyundai has been a key player in the shift toward modern, feature-packed cars, while maintaining a strong focus on quality…

Boeing to Lay Off 17,000 Workers, Posts $5 Billion Loss Amid Strike

Manish Kumar

Aerospace giant announces significant layoffs and a major financial loss following a prolonged labor dispute. The company faced disruptions in production and escalating operational costs due to labor strikes, which impacted their ability to meet contractual deadlines. An aerospace giant has announced that it will lay off 10% of its global workforce and delay the first deliveries of its 777X jet by a year. This decision comes as the company faces $5 billion in losses for the third quarter, largely due to the impact of a month-long strike by 33,000 U.S.…

Ratan Tata’s Vision for Health: The Journey of Tata Salt to Every Indian Home

Manish Kumar

Ratan Tata, who recently passed away, transformed the Tata brand into a household staple in India through his commitment to health, exemplified by the launch of iodized salt and popular Tata Tea, significantly impacting millions’ daily lives. India has lost a remarkable gem today with the passing of Ratan Tata, the man who transformed the Tata brand into a household name. From salt and tea to cars and aeroplanes, as well as sewing needles and heavy trucks, Tata’s influence can be seen in every corner of the nation. Ratan Tata…

Gautam Adani: India’s Wealth Champion in Forbes 2024 Rich List

Manish Kumar

Adani Group Soars to New Heights Gautam Adani, chairman of the Adani Group, has emerged as the biggest dollar gainer in Forbes India’s 2024 list of the 100 richest individuals, with his family’s net worth skyrocketing to $116 billion. Alongside his brother Vinod Adani, Gautam saw his wealth increase by a staggering $48 billion, catapulting him to the second position on the list. This 71% rise in his fortune is attributed to a strong recovery from last year’s setbacks, including a short-selling attack that had initially cast a shadow over…

Ratan Tata’s Masterstroke: Turning Bill Ford’s Insult into Triumph with Jaguar-Land Rover Acquisition

Manish Kumar

Veteran industrialist Ratan Tata’s meeting with Ford chairman Bill Ford in the USA in 1999 turned out to be a significant juncture in his career as he, nine years later, acquired Jaguar Land Rover. Ratan Tata (Ratan Naval Tata), the former Tata Group chairman and iconic industrialist died at south Mumbai’s Breach Candy Hospital at 11.30 pm on Wednesday. He was 86. The Padma Vibhushan recipient has been in intensive care at the hospital since Monday. He will be remembered for his contribution to the industry. He revolutionalised several sector…

RBI Keeps Repo Rate Steady at 6.5%, Shifts Policy Stance to Neutral

Manish Kumar

The Reserve Bank of India (RBI) has opted to keep its key lending rate, the repo rate, unchanged at 6.5%, signaling caution amidst inflation concerns and economic growth needs. This decision, announced after the Monetary Policy Committee’s (MPC) three-day meeting, reflects the central bank’s balanced approach in navigating India’s current macroeconomic landscape. RBI Holds Repo Rate Steady On Wednesday, RBI Governor Shaktikanta Das revealed that the MPC, by a majority of five out of six members, voted to maintain the repo rate at 6.5%. The repo rate, which has stayed…

Ola Electric Faces Government Scrutiny After 10,000 Customer Complaints

Manish Kumar

India’s electric vehicle (EV) market has seen rapid growth in recent years, fueled by government incentives and a growing demand for greener transportation options. As a pioneer in the electric scooter industry, Ola Electric has played a crucial role in this EV revolution, capturing 27% of the market share. However, recent developments indicate that Ola Electric may be struggling to maintain its reputation, as it faces a significant backlash over its customer service, potentially jeopardizing its leading position in the sector. Government Action Following Massive Customer Complaints India’s Central Consumer…

India Mobile Congress 2024 to unveil 2 nd edition of ‘Aspire’ Start-up Program with over 900 Start-ups

Manish Kumar

IMC’s flagship program ‘Aspire’ to feature showcases and discussions on 5G use cases, AI, Deep Tech, Electronics, Enterprise, Green Tech, Industry 4.0, Security, Semiconductors, Smart Mobility, Sustainability, and Telecommunications equipment among others New Delhi, 8th October 2024: As the India Mobile Congress (IMC) 2024 approaches, IMC today announced the second edition of the Aspire, the flagship start-up program introduced in the last edition. The program was a success last year with over 400 startups participating and showcasing their innovations in various sectors in technology. The eighth edition of India Mobile Congress is…

PM Kisan Yojana: ₹20,000 Crore to Be Released to Farmers Tomorrow – Check Beneficiary Status

Manish Kumar

Launched in February 2019, the PM Kisan Yojana provides an annual financial benefit of Rs 6,000 to landholding farmers, disbursed in three equal installments. PM Kisan Yojana: Here comes a piece of good news for the farmers. PM Modi is all set to release the 18th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Saturday at an event in Washim, Maharashtra.   The Centre said this installment, amounting to more than Rs 20,000 crore, will be disbursed through Direct Benefit Transfer (DBT) to over 9.4 crore farmers…