In a strategic move poised to bolster its governance framework, One 97 Communications, the parent company of Paytm, has appointed the distinguished Rajeev Krishnamuralilal Agarwal as a non-executive independent director. This appointment follows the resignation of Neeraj Arora, who stepped down from the board due to ‘pre-occupation and personal commitments.’ Rajeev Agarwal, a former IRS … Continue reading Paytm Welcomes Rajeev Agarwal as Independent Director
Category: economy
RBI Forecasts Soaring 7.3% GDP Growth Amid Record Low CAD and Strategic Gold Reserves
The Reserve Bank of India (RBI) is projecting a robust GDP growth rate of 7.3% for the first quarter of FY25, demonstrating a continuation of the economic dynamism witnessed in the previous quarter, where GDP surged by 7.8%. RBI Governor Shaktikanta Das, speaking at a business event, emphasized the sustained momentum as evidenced by data … Continue reading RBI Forecasts Soaring 7.3% GDP Growth Amid Record Low CAD and Strategic Gold Reserves
Adani Group’s $2.5 Billion Defence Takeover—Revolutionizing India’s Military Tech
In a decisive move to expand its technological prowess, Adani Group has earmarked an impressive $2-2.5 billion for strategic acquisitions within the defence sector over the next two to three years. This ambitious initiative underscores the group’s commitment to enhancing capabilities in unmanned systems, small arms, missile technology, and indigenous artillery. The group has strategically … Continue reading Adani Group’s $2.5 Billion Defence Takeover—Revolutionizing India’s Military Tech
Diesel Demand Plummets Amidst Extreme Heat, Sales Decline by 4% in June
NEW DELHI: The sweltering heatwave sweeping across India has precipitated a notable decline in diesel demand, with sales plummeting by 4% in June, according to preliminary data from state-owned enterprises released on Monday. Traditionally, fuel sales experience a surge during election periods; however, this year has defied historical trends, witnessing a consistent month-on-month decline even … Continue reading Diesel Demand Plummets Amidst Extreme Heat, Sales Decline by 4% in June
India Slips in Global Gender Gap Rankings; Iceland Maintains Top Position— WEF
The latest Global Gender Gap index from the World Economic Forum (WEF) reveals a mixed picture for India. Despite a steady rise in its economic parity score over the past four years, India has dropped two places to 129th position, while Iceland continues to dominate the rankings, as reported on June 12. In the South … Continue reading India Slips in Global Gender Gap Rankings; Iceland Maintains Top Position— WEF
India’s Booming Demand— A Lifeline for Global Steel Amidst China’s Market Slump
Steel prices continue to experience downward pressure, driven primarily by waning demand in China, a situation anticipated to persist. Analysts highlight that this trend has been ongoing since the start of the year, and recent figures underscore the extent of the decline. As of October, steel hot-rolled coil (HRC) futures have plummeted to $519.50 per … Continue reading India’s Booming Demand— A Lifeline for Global Steel Amidst China’s Market Slump
India Engages with EU on CBAM Levy Mitigation Strategies
As India and the European Union (EU) prepare for their eighth round of Free Trade Agreement (FTA) negotiations in Brussels from June 24 to 28, discussions on the Carbon Border Adjustment Mechanism (CBAM) have taken center stage. The CBAM, a regulatory measure by the EU, seeks to impose a ‘fair’ price on carbon emissions associated … Continue reading India Engages with EU on CBAM Levy Mitigation Strategies