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Semiconductor Startup Calligo Technologies Secures $1.1 Million to Expand Chip Innovation

Semiconductor Startup Calligo Technologies Secures $1.1 Million to Expand Chip Innovation

8 April 2025

In a boost to India’s growing semiconductor space, Bengaluru-based startup Calligo Technologies has raised $1.1 million in Pre-Series A funding. The round was led by Seafund and Artha Venture Fund, and will support the company’s next stage of growth—developing its second-generation semiconductor chip and scaling up its operations. Powering the Next Phase of Chip Development …

RBI Named Most Innovative Financial Institution By Global Finance

RBI Named Most Innovative Financial Institution By Global Finance

8 April 2025

The Reserve Bank of India (RBI) has received prestigious global recognition. Global Finance has named it the Most Innovative Financial Institution in its 2025 Innovators list. The central bank announced this achievement in a post on X, formerly known as Twitter. This makes the RBI the first central bank to win this significant award. Recognition …

Apple Sends 5 Flights of iPhones to Beat Trump Tariffs

Apple Sends 5 Flights of iPhones to Beat Trump Tariffs

8 April 2025

In a smart and swift move, Apple flew 5 cargo flights packed with iPhones and other gadgets from India and China to the US in just three days. This rapid shipment was a strategic response to looming Trump tariffs that threatened to raise the cost of imported electronics by 10%. The move highlights how Apple …

When Will India Reach $20,000 GDP Per Capita?

When Will India Reach $20,000 GDP Per Capita?

8 April 2025

GDP per capita is a widely used economic indicator that measures the average economic output (GDP) per person in a country. It is calculated by dividing a nation’s total gross domestic product by its population. This metric offers a clearer picture of individual prosperity and is often used as a benchmark to compare the economic …

India and US Negotiate ‘Fair and Balanced’ Trade Deal, Tackling Tariffs

India and US Negotiate ‘Fair and Balanced’ Trade Deal, Tackling Tariffs

8 April 2025

External Affairs Minister S. Jaishankar and US Secretary of State Marco Rubio held a telephonic conversation on Monday to discuss the effects of recently imposed US tariffs on Indian exports. The US State Department stated that the call focused on exploring avenues for advancing a “fair and balanced trade relationship.” The discussion followed US President …

Government Notifies RRB Merger Under “One State, One RRB” Policy

Government Notifies RRB Merger Under “One State, One RRB” Policy

8 April 2025

In a significant step towards banking sector reform, the Union government has issued a gazette notification announcing the merger of multiple Regional Rural Banks (RRBs), effective from 1 May 2025. Exercising powers under Section 23A(1) of the Regional Rural Banks Act, 1976, the government has formalised the creation of single RRB entities in several states …

India’s Exports to US Set to Shrink by $5.76 Billion Amid Trump’s 26% Tariff Blow

India’s Exports to US Set to Shrink by $5.76 Billion Amid Trump’s 26% Tariff Blow

8 April 2025

India’s trade equation with the United States is facing a fresh challenge following Washington’s decision to impose a sweeping 26% reciprocal tariff. According to a report by the Global Trade Research Initiative (GTRI), this move could lead to a 6.41% contraction in India’s exports to the US in 2025, equating to a drop of $5.76 …

RBI Set to Infuse ₹4 Trillion in Banking System: Reports

RBI Set to Infuse ₹4 Trillion in Banking System: Reports

8 April 2025

The Reserve Bank of India (RBI) is poised to further increase its record cash injections into the banking system in order to protect the economy from growing global challenges as mentioned in various news reports. Infusion of ₹4 Trillion in Banking System The RBI is expected to infuse as much as ₹4 trillion ($47 billion) …

PM Mudra Yojana Marks 10 Years of Launch: Sanctioned Loans of ₹32.61 Lakh Crore

PM Mudra Yojana Marks 10 Years of Launch: Sanctioned Loans of ₹32.61 Lakh Crore

8 April 2025

On 8 April 2025, Pradhan Mantri MUDRA Yojana (PMMY) completes its 10 years of inception. PM Mudra Yojana (PMMY) aims to fund the unfunded micro enterprises and small businesses without any collateral. Achievements under Pradhan Mantri Mudra Yojana PMMY has sanctioned over 52 crore loans worth ₹32.61 lakh crore, fuelling a nationwide entrepreneurial revolution since …

Indian Railways Reports ₹2.56 Lakh Crore Revenue in FY24, Driven by Freight Growth

Indian Railways Reports ₹2.56 Lakh Crore Revenue in FY24, Driven by Freight Growth

8 April 2025

Union Railways Minister Ashwini Vaishnaw shared the revenue details of Indian Railways for the financial year ending March 31, 2024. The total revenue earned was ₹2,56,093 crore. The total expenditure was ₹2,52,834 crore. This resulted in a net revenue of ₹3,260 crore. Indian Railways is one of the largest rail networks globally. It plays a …

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