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Mumbai Stock Market Starts Week with a Drop The stock market in Mumbai began the week on a subdued note as key indices opened lower on Monday. The BSE Sensex fell by 346.25 points, opening at 76,863.65, reflecting a 0.45% decline. Meanwhile, the NSE Nifty 50 dropped by 99.75 points to 23,401.35, marking a 0.42%…
Dr. Jitendra Singh Highlights India’s Growth in Startups and Innovation at Vigyan Bharati Convention New Delhi [India], June 23: Dr. Jitendra Singh, Union Minister of State, spoke at the 6th National Convention of Vigyan Bharati (ViBha) at MIT-ADT University. He traced India’s scientific revolution from 350 startups in 2014 to nearly 1.5 lakh in 2024,…
India’s Future Unicorns: Fintech Leads with 30 Potential Giants India is home to 30 future unicorns in the Fintech sector, with consumer lending emerging as the dominant subcategory. According to the ASK Private Wealth Hurun India Future Unicorn Index 2024, the total worth of India’s future unicorns will stand at USD 58 billion, an increase…
Sri Lankan President Ranil Wickremesinghe Thanks India for Support at KPMG Meet in Colombo Sri Lankan President Ranil Wickremesinghe expressed his gratitude to India for helping the country during its two difficult years. Speaking at the 31st All India Partners’ Meet 2024 in Colombo, he said, “Having now survived two difficult years, I must acknowledge…
India’s Plan to Boost Electronics Manufacturing by 2030 India needs to take critical actions to transform its electronic sector ecosystem from an ‘import dependent assembly led manufacturing’ to ‘component level value-added manufacturing’, highlights a report by Confederation of Indian Industry. As per the Report, in 2023, the demand for components and sub-assemblies stood at USD…
J.P. Morgan’s Report: Global Economy Strong, AI’s Big Impact, and US Elections The global economy is doing well with strong growth, low unemployment, and manageable inflation, according to a report by J.P. Morgan, an investment banking company. The report shows that global equities have risen by 20% over the past year, and short-term government bonds…
New Safety Rules for Electric Vehicles by Bureau of Indian Standards The Bureau of Indian Standards (BIS) has introduced new safety guidelines aimed at enhancing the safety of electric vehicles in India. These guidelines are categorized under IS 18590: 2024 and IS 18606: 2024, focusing on the main parts of electric cars, buses, and trucks,…
Morgan Stanley Predicts Big Growth in India’s Infrastructure Spending Investment banking company Morgan Stanley has forecasted a 15.3% compound annual growth rate (CAGR) in infrastructure investments in India. This is expected to result in a cumulative expenditure of USD 1.45 trillion over the next five years. According to Morgan Stanley’s report, The New India –…
CCPA Tells Companies Like Reliance Retail and LG to Inform Customers About Warranty Start Date The Central Consumer Protection Authority (CCPA) has directed electronic appliance companies to inform customers about the starting point of the warranty period. This move aims to ensure global practices are followed in India. Meeting with Major Companies In a meeting…
India’s Infrastructure is Getting Better Thanks to Government Initiatives like Gati Shakti A report by Morgan Stanley highlights significant improvements in India’s infrastructure due to government initiatives like ‘Gati Shakti’. The report notes that India’s infrastructure spending has increased, focusing on modernizing physical assets. Comparing infrastructure scale relative to GDP, India fares well against China….