Indian stock markets witnessed a sharp rebound, adding ₹13.82 lakh crore to investors’ wealth over three consecutive sessions after last week’s correction in benchmark indices. The rally pushed the market capitalisation of BSE-listed firms beyond ₹400 lakh crore, marking a significant recovery after nearly a month. Sensex Gains Over 1,600 Points in 3 Days On …
Indore is taking a significant step towards sustainable waste management with the establishment of India’s first green waste processing plant under a Public-Private Partnership (PPP) model. This initiative, developed under the Swachh Bharat Mission-Urban, underscores the city’s commitment to environmental conservation and innovation in waste recycling. Located on 55,000 square feet of land in Bicholi …
Despite the surge in passenger travel during peak festive seasons such as Holi, Diwali, Chhath, Summer holidays, and Maha Kumbh, Indian Railways has successfully maintained an on-time performance of over 90%. This achievement comes as a result of significant infrastructural advancements, AI-driven scheduling, and real-time monitoring systems. Addressing the Lok Sabha, Union Minister for Railways, …
Indian Railways is in discussions with the Department of Atomic Energy (DAE) and the power ministry to explore the feasibility of setting up small nuclear power plants. This is aimed at meeting the railway network’s growing electricity demand while supporting its goal of achieving net zero emissions by 2030. Land Allocation and Power Supply As …
The Adani Group-led Mumbai International Airport Limited (MIAL), which operates Chhatrapati Shivaji Maharaj International Airport (CSMIA), has proposed a hike in user development fees (UDF) for departing passengers. This marks the first UDF introduction under Adani Airports’ management. The proposal, subject to approval by the Airports Economic Regulatory Authority (AERA), aims to balance rising infrastructure …
The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) have signed an agreement to facilitate cross-border transactions in Indian Rupees (INR) and Mauritian Rupees (MUR). This initiative aims to strengthen financial cooperation, reduce transaction costs, and promote trade between the two nations. Framework for Local Currency Transactions The Memorandum of Understanding (MoU) …
Income tax filings in India have reached a new milestone, with over 9 crore returns submitted for the financial year 2025. The data highlights a significant number of high-income taxpayers, reflecting economic growth and improved tax compliance. With the deadline set for 31 March, the numbers are expected to rise further. Surge in Income Tax …
SpaceX’s Starlink is gearing up for its launch in India, but what makes this move even more intriguing is the unexpected partnerships with two of India’s biggest telecom giants—Reliance Jio and Bharti Airtel. Despite previously opposing SpaceX on satellite spectrum allocation, both telcos have now announced collaborations to bring Starlink’s broadband services to the country, …
The Indian government’s disinvestment receipts for the financial year 2024-25 (FY25) are poised to be the lowest since the Narendra Modi administration took office in 2014-15. As of now, the government has accrued ₹9,319.05 crore through minority stake sales, a significant drop compared to ₹16,507.29 crore collected in FY24. With only a short time left …
The compound average growth rate (CAGR) of employee compensation in India stood at 11.1% during the first ten years of Prime Minister Narendra Modi’s tenure. This figure, disclosed by Finance Minister Nirmala Sitharaman in Parliament, includes the post-Covid period, which saw significant changes in employment structures. Changing Work Trends Post-Covid The Covid-19 pandemic brought a …
