India’s central bank, the RBI, is taking swift action to address a burgeoning liquidity crunch in the banking system. For the second consecutive week, the RBI will conduct a VRR auction on December 22nd, this time injecting a significantly higher amount of Rs 1.75 lakh crore (USD 21.02 billion) compared to the previous week’s Rs. …
In the world of packaging, where choices abound, glass has emerged as the undisputed champion, symbolizing trust, safety, and sustainability. The global glass packaging market, valued at USD 62.95 billion in 2022, is on a captivating journey, poised to reach USD 86.54 billion by 2030, with a spirited CAGR of 4.2%. Let’s dive into the …
SpiceJet Limited, the second-largest airline company in terms of market capitalisation, has expressed interest in acquiring the airline Go First. It intends to present an offer following a comprehensive review, aiming to establish a robust and sustainable airline, potentially through collaboration with SpiceJet. Collaboration with a purpose In a notification to the exchanges on Tuesday, …
In a move aimed at enhancing investor protection and resolving issues arising from stock market transactions, the Securities and Exchange Board of India (SEBI) has introduced a smart Online Dispute Resolution (ODR) portal. This initiative, prompted by SEBI, is designed to streamline the resolution process for disputes between investors and regulated entities within the securities …
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 …
