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Maruti Suzuki India Achieves Record Sales and Production Milestones Maruti Suzuki India has reported its highest-ever monthly sales volume, reaching 206,434 units in October. This includes domestic sales of 163,130 units, sales to other original equipment manufacturers (OEMs) of 10,136 units, and record monthly exports of 33,168 units. The festive season and significant discounts contributed…
Digital India Common Service Centre Project Launches in Pilibhit and Gorakhpur The Ministry of Electronics and Information Technology (MeitY) is launching the Digital India Common Service Centre (DICSC) project. This initiative aims to bridge the digital divide in rural India by establishing model DICSC centers in nearly all gram panchayats across 10 districts, totaling 4,740…
Hindustan Unilever Sells Pureit to A. O. Smith Hindustan Unilever Ltd, a major company in the fast-moving consumer goods sector, has sold its water purification brand ‘Pureit’ to the American company A. O. Smith Corporation. The sale includes all trademarks, copyrights, and other intellectual properties related to Pureit. This decision was approved by HUL’s Board…
Foreign Investors Sell Record Stocks in India In October, foreign portfolio investors (FPIs) became net sellers in the Indian stock markets after four months of being net buyers. They sold stocks worth Rs 94,017 crore, marking the highest-ever monthly sale, according to the National Securities Depository Limited. Previously, FPIs had purchased stocks worth Rs 26,565…
India’s Foreign Exchange Milestone India has reached a significant milestone by becoming the fourth largest holder of foreign exchange reserves in the world, following China, Japan, and Switzerland. This achievement marks a remarkable transformation from being part of the ‘Fragile Five’ to becoming the fastest-growing major economy. Record-Breaking Reserves For the first time, India’s foreign…
US Presidential Race: Impact on Indian Economy The US presidential race between Democrat Kamala Harris and Republican Donald Trump is heating up, and its outcome could significantly affect various sectors of the Indian economy. According to an analysis by JM Financial Institutional Securities, the policy differences between the two candidates on trade, interest rates, immigration,…
Piyush Goyal’s Visit to Saudi Arabia: Strengthening India-Saudi Economic Ties Union Minister of Commerce and Industry, Piyush Goyal, recently concluded his visit to Saudi Arabia. During his trip, he participated in the 8th Edition of the Future Investment Initiative (FII) and emphasized the importance of international partnerships in fostering global cooperation and innovation. Goyal encouraged…
Remembering Bibek Debroy: A Scholar and Economist Who Shaped India’s Future Renowned economist Bibek Debroy, who served as the Chairman of the Economic Advisory Council to the Prime Minister of India, passed away at the age of 69. Prime Minister Narendra Modi expressed his sorrow, highlighting Debroy’s vast knowledge in economics, history, culture, and more….
Oil Companies Raise Prices of Commercial LPG Cylinders in India After Diwali In a significant move following the Diwali festival, oil marketing companies in India have increased the prices of commercial LPG gas cylinders. The cost of a 19 kg commercial LPG cylinder has risen by Rs 62, making it Rs 1,802 in Delhi. Previously,…
US-India Strategic Partnership Forum Celebrates Diwali in Washington DC The US-India Strategic Partnership Forum (USISPF) hosted a Diwali reception at the Kennedy Center in Washington DC. This event brought together dignitaries, senior government officials, ambassadors, and prominent community members to celebrate the “Festival of Lights.” Strengthening US-India Relations The celebration highlighted the strong and growing…