Articles for author: Market News

Market News

India’s exports to China plummet by over 22%, highlighting rising import dependency amid a broader global trade slowdown.

India’s exports to China plummet by over 22%, highlighting rising import dependency amid a broader global trade slowdown.

India is experiencing a significant drop in exports to China, with a 22.44% decline to $1 billion in August, compared to an overall export decrease of 9% to $34.7 billion. Despite this contraction, China’s dependency as India’s largest import partner remains strong, with imports rising by 15.5% year-on-year to $10.8 billion. Key export items to ...

Market News

From Tihar to Transition: Kejriwal Exits Politics Amidst Scandal, Leaving Behind a Legacy of Irony and Unfinished Business.

Former Delhi Chief Minister Arvind Kejriwal is preparing to vacate his official residence in Civil Lines this week, following his recent resignation and release from Tihar Jail on bail related to the excise policy scam. AAP MP Sanjay Singh confirmed that despite concerns for his security, Kejriwal has chosen to live among the people and ...

Market News

As urban encroachment worsens, recent floods reveal the urgent clash between environmental preservation and relentless development amidst a climate crisis.

As urban encroachment worsens, recent floods reveal the urgent clash between environmental preservation and relentless development amidst a climate crisis.

The ongoing conflict between environmental preservation and urban development has become even more pressing amid the climate crisis. Recent heavy monsoon rains have led to alarming floods in cities, revealing the severe consequences of urban encroachment on rivers. These incidents underscore the urgent need for sustainable practices to protect our natural water bodies while balancing ...

Market News

Yogi Claims Ghaziabad’s ‘Smart City’ Status Amidst Opposition’s ‘Criminal Raj’ Legacy—Is Development a Political Mirage?

Chief Minister Yogi Adityanath recently celebrated Ghaziabad’s transformation into a smart city, highlighting improvements since 2017 when the area struggled with garbage and crime. At an event where he launched projects worth Rs 757 crore, he emphasized developments such as new roads, a hospital, and improved public services like job opportunities for youth and educational ...

Market News

India’s electronics exports soar 21.8%, fueled by Apple and vendors, driving hopes for a 0 billion future by 2030.

India’s electronics exports soar 21.8%, fueled by Apple and vendors, driving hopes for a $200 billion future by 2030.

Electronics exports from India surged by 21.8 percent from April to August 2024, reaching $13.57 billion, primarily driven by mobile devices. Mobile device exports alone accounted for $7.56 billion, making up over half of total electronics exports. Key players in this growth include Apple Inc. and its Indian vendors—Foxconn, Tata, and Pegatron—who contributed 67 percent ...

Market News

India’s Clean-Up Campaign: Polishing Political Promises or Just Sweeping Controversies Under the Rug?

Vinod Bhat highlights the Ministry of Home Affairs’ commitment to the Special Campaign 4.0, inspired by Prime Minister Modi’s vision of cleanliness and efficiency in government services. This campaign, taking place from September 15 to October 31, 2024, focuses on creating sustainable workplaces and clearing pending matters from various governmental bodies. It builds on previous ...

Market News

Economic liberalization transformed India’s GDP landscape; Gujarat, Karnataka, and Tamil Nadu thrived, while Maharashtra’s share dwindled dramatically.

Economic liberalization transformed India’s GDP landscape; Gujarat, Karnataka, and Tamil Nadu thrived, while Maharashtra’s share dwindled dramatically.

A recent working paper by the Economic Advisory Council to the Prime Minister highlights the impact of economic liberalization since the 1990s on various Indian states. Gujarat, Haryana, Karnataka, Tamil Nadu, and Delhi have seen significant increases in their share of the national GDP from 1990-91 to 2023-24. In contrast, Maharashtra’s GDP share declined from ...

Market News

Modi Snubs Yunus at UN: A Masterclass in Diplomatic Avoidance Amidst Bangladesh’s Political Tumult.

Prime Minister Narendra Modi is not expected to meet Bangladesh’s interim government chief Muhammad Yunus during the upcoming United Nations General Assembly. Despite a formal request from Bangladesh for this meeting, sources indicate it’s not on the Indian agenda due to a packed schedule, including attendance at the Quad Leaders’ Summit. Tensions between the two ...

Market News

Amid financial turmoil, SpiceJet seeks to raise Rs 3,000 crore, battling significant dues and investor skepticism.

Amid financial turmoil, SpiceJet seeks to raise Rs 3,000 crore, battling significant dues and investor skepticism.

SpiceJet, facing significant financial challenges with dues over Rs 601 crore, has successfully attracted interest for its Rs 3,000 crore share sale to qualified institutional buyers. The placement has reportedly been oversubscribed, drawing attention from various investors, including several family offices. The funds raised will be crucial for the airline to settle outstanding statutory liabilities, ...

Market News

Amid Flooded Promises, KTR Defends KCR’s Record as Critics Drown in Political Apathy—Is Anyone Paying Attention?

KT Rama Rao, the Working President of Bharat Rashtra Samithi (BRS), praised former Chief Minister K Chandrashekar Rao (KCR) for his significant contributions to Telangana. He emphasized that KCR’s achievements are undeniable, highlighting a report from the Prime Minister’s Economic Advisory Council that noted Telangana’s per capita income is now 94 percent higher than the ...

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