Empowering Defense Procurement through GeM In a historic feat, the Ministry of Defence (MoD) has shattered records by surpassing the Rs 1 Lakh Crore mark in total order value transacted through the Government e-Marketplace (GeM) portal. This monumental achievement, also known as Gross Merchandise Value (GMV), underscores MoD’s unwavering commitment to optimizing public spending in …
In India’s economy, the role of public sector entities, particularly central public-sector entities (CPSEs), is paramount. These entities have been pivotal in driving capital expenditure (capex) and fostering economic growth. Let’s delve into the latest figures and trends shaping this crucial aspect of India’s economic development. CPSEs: Driving Capital Expenditure From April to January of …
Enhancing Transparency in Lending Practices The Reserve Bank of India (RBI) has recently taken a significant step towards enhancing transparency in the lending process by instructing lenders to integrate loan processing fees and documentation charges into actual interest rates. This move, emphasized by RBI Governor Shaktikanta Das, aims to provide borrowers with a clearer understanding …
In a groundbreaking development reported by Bloomberg, India is on the verge of finalising a historic trade deal with the European Free Trade Association (EFTA). This deal could potentially bring in a staggering investment of $100 billion over 15 years, marking a significant milestone in India’s economic relations with the European bloc. A Landmark Trade …
In the world of currencies, the Indian Rupee (INR) has emerged as a shining star, defying the odds and standing tall in the global financial landscape. Let’s delve into the intriguing journey of the INR through 2023 and its promising start in 2024. Stability Reigns Supreme The year 2023 was a period of exceptional stability …
In the active land of global finance, a remarkable shift has unfolded as the Indian stock market surpasses Hong Kong to claim the fourth-highest equity market position worldwide. India’s Soaring Stock Market: A Spectacular Journey Trillion-Dollar Milestone India’s stock market capitalisation surpassed the elusive $4 trillion mark on December 5, 2023, marking a historic moment. …
In a notable move, Bloomberg, the global financial advisory firm, is contemplating the inclusion of Indian Government Bonds in its index, marking another endorsement of the country’s financial instruments on the global stage. This announcement closely follows JPMorgan’s decision to incorporate these bonds into its global index starting June 2024. Bloomberg’s Proposal and Phased Inclusion …
Chief Minister Inaugurates Prestigious Investor Summit Tamil Nadu recently hosted the two-day “World Investors Meet 2024” to showcase the state as an attractive investment destination and bring in new projects. The event was inaugurated by Honorable Chief Minister Thiru M.K. Stalin at the Chennai Trade Center. In his inaugural address, the Chief Minister emphasized Tamil …
Remember the guy who lost his crown as India’s richest man last year, his empire battered by a short-seller’s slingshot? Well, hold onto your turbans, folks, because Gautam Adani is BACK with a vengeance, reclaiming the top spot and leaving Mukesh Ambani in his dust! The Uprising – From Ashes to Empire As of today, …
Hold onto your hats, shareholders! The Reserve Bank of India (RBI) has whipped up a new draft circular on bank dividends, and it’s not just about who gets that sweet payout. It’s a major makeover for how our banking system operates, packed with stricter rules and a clear vision for the future. Remember those old …
