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Reliance Foundation and Vital Voices Launch WomenLeaders India Fellowship 2024-25 Following the success of the inaugural WomenLeaders India Fellowship, Reliance Foundation and Vital Voices are launching the 2024-25 cohort. The Fellowship aims to nurture women leaders in the social sector, focusing on areas like climate resilience, sports, education, and livelihood generation. Program Details The Fellowship…
Eicher Motors and Ashok Leyland Sales Report for June 2024 Eicher Motors Eicher Motors saw a 10% increase in sales for June 2024, reaching 7,424 units compared to 6,715 units in June 2023. The company also reported a 0.7% increase in total sales for the first quarter of FY 2024-25, with 19,702 units sold compared…
Indian Stock Markets Soar: Sensex and Nifty Close Higher Indian stock indices Sensex and Nifty started the July-September quarter strong, closing up 0.6% each. Sensex ended at 79,476 points and Nifty at 24,142 points. The indices have gained 10-11% in 2024 so far. Vinod Nair, Head of Research at Geojit Financial Services, expects this trend…
India Celebrates 7 Years of GST Lower Taxes on Everyday Items India is celebrating seven years since the introduction of the Goods and Services Tax (GST) on July 1, 2017. This major tax reform has simplified the tax system and reduced the burden on consumers. Key Benefits of GST GST has led to significant reductions…
Maruti Suzuki and Mahindra & Mahindra Grow in June 2024, Hyundai Sees Slight Dip In June 2024, India’s car market saw different results for big companies. Maruti Suzuki and Mahindra & Mahindra (M&M) had good growth, but Hyundai Motor India Limited (HMIL) had a small drop in sales. Maruti Suzuki’s Success Maruti Suzuki sold 1,79,228…
Indian Defence Firms Need More Innovation: HAL Leads in R&D Indian defence companies are spending less on research and development (R&D) compared to global firms. They only use 1.2% of their revenue for R&D, while the global average is 3.4%. This means they need to invest more in new ideas to keep up with the…
Mahindra and Mahindra’s Car Sales Soar in June 2024 Significant Growth in Passenger Vehicle Sales In June 2024, Mahindra and Mahindra saw a remarkable increase in their passenger vehicle sales, with a 23% rise compared to June 2023. The company sold 40,022 passenger vehicles, up from 32,588 units the previous year. Quarterly Sales Performance During…
Union Minister Hardeep Singh Puri Launches Swachhta Pakhwada-2024 in Delhi The Union Ministry of Petroleum and Natural Gas kicked off the Swachhta Pakhwada-2024 at Shastri Bhawan in Delhi. Union Minister for Housing and Urban Affairs, Hardeep Singh Puri, led the event and administered an oath for cleanliness to all senior officers and staff of the…
Indians Spend More on Weddings Than 18 Years of Education, Says Jefferies Report A recent report from Jefferies has revealed that Indians spend much more on weddings than on 18 years of child education. The average spending on weddings in India is about Rs 1.2 million (USD 14.5 thousand). This amount is five times higher…
SBI Launches MSME Sahaj for Quick Digital Business Loans State Bank of India (SBI) has introduced a new web-based solution called ‘MSME Sahaj – End to End Digital Invoice Financing’ to help MSMEs get business loans quickly. This service allows customers to apply for loans, complete documentation, and receive disbursements within 15 minutes, all without…