India’s logistical landscape has undergone a significant transformation, heralding promising prospects for the nation’s economic advancement. A recent report commissioned by the federal government highlighted a notable achievement: logistics costs have plummeted to below 9% of the gross domestic product (GDP). This substantial decline, attributed to amplified state investments in infrastructure, port advancements, and digital …
Buckle up, stock market enthusiasts! The Sensex, India’s premier stock index, has just reached a colossal milestone: crossing the 70,000 mark! This is not just a number on a screen; it’s a story of skyrocketing businesses, booming industries, and the collective wealth of a nation soaring to new heights. Get ready for a thrill ride …
In a bid to democratize the corporate bond market and encourage greater retail participation, the Securities and Exchange Board of India (SEBI) has put forth a series of visionary proposals that could redefine how investors interact with debt securities. This article will break down the key aspects of two major proposals, shedding light on their …
Dixon Technologies subsidiary Padget Electronics has secured a contract with Lenovo to manufacture laptops and notebooks under the PLI 2.0 scheme. This collaboration is expected to boost laptop and notebook production in India, generate new jobs, and enhance the competitiveness of Indian-made IT hardware globally. The deal is subject to signing a definitive agreement in …
In a game-changing move, RBI Governor Shaktikanta Das has dropped the financial mic, introducing revamped rules for Unified Payments Interface (UPI) transactions and e-mandates. Let’s dive into the nitty-gritty of these exciting updates that promise to reshape the landscape of digital payments. 1. UPI Transaction Limits Get a Mega Boost Hold on to your virtual …
Inflation Despite concerns surrounding volatile food prices and fluctuating oil costs, the RBI maintains its inflation projection for the fiscal year at 5.4%. However, the elusive 4% target remains unmet, as RBI Governor Shaktikanta Das acknowledges the persistent dance of headline inflation. Economic Growth Painting a broader picture, the anticipated GDP growth for FY24 stands …
The Indian headline indices were trading lower following a robust rally in the past few trading sessions. The decline was influenced by notable losses in the FMCG, metals, and real estate sectors. IRCON International Ltd, a civil construction company, made headlines following the announcement that the Government of India plans to sell up to 8% …
Direct Listing Revolution in GIFT City The International Financial Services Centres Authority (IFSCA) is steering a transformative shift in India’s financial landscape, targeting the direct listing of Indian companies in the Gujarat International Finance Tec-City (GIFT City) by April 2024. Several Indian companies currently employ American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) to …
Electric vehicles (EVs) are experiencing explosive growth, driven by a confluence of factors including technological advancements, government incentives, and a growing awareness of the environmental impact of traditional fossil fuel vehicles. Sales of EVs have been doubling annually, with November 2023 alone witnessing a 27.15% increase compared to the previous year same month. This upward …
In a move to fortify the textile sector, the Indian government has decided to extend the deadline for inviting fresh applications under the Production Linked Incentive (PLI) Scheme for Textiles. The new deadline is set for December 31, 2023, providing interested parties with an extended opportunity to participate in this transformative scheme. India’s Dominance in …
