 "RBI’s Bold Measures: Protecting Financial Integrity Amidst Industry Criticism")
The Reserve Bank of India’s Deputy Governor, Swaminathan J, emphasized that the central bank’s recent strict actions against certain financial institutions are aimed at maintaining the stability and integrity of the financial system, not to disrupt business. He addressed concerns about the regulator’s perceived eagerness to impose restrictions, clarifying that these measures are taken only ...
Prime Minister Narendra Modi and BJP President JP Nadda held a key meeting in New Delhi on August 29, 2024, ahead of upcoming assembly elections. In recent news, the Indian Cabinet approved several significant agricultural initiatives, including a Rs 3,979-crore scheme for crop science and a Rs 2,291-crore program to enhance agricultural education and management. ...
 "Adani Wilmar Eyes Expansion: Billion Acquisition Drive in FMCG Sector")
Adani Wilmar is set to enhance its presence in India’s packaged consumer goods Market with plans to acquire three food companies, backed by a $1 billion acquisition fund. This strategy focuses on brands that specialize in spices, ready-to-cook foods, and packaged edibles, aiming to increase revenue from consumer sectors to 25-30%. The company has already ...
 "Maruti Suzuki Cuts Prices Amid Sales Decline of Mini Cars")
Maruti Suzuki India Limited (MSIL) has announced price cuts for specific variants of its popular mini cars, the Alto K10 and S-Presso, in response to declining sales. Effective from September 2, the prices have been reduced by up to Rs 6,500. In August, the company sold only 10,648 units of these models, marking a 12.8% ...
 "Sebi Chief Accused of Salary Duplicity Amidst Rising Controversy")
The Congress party has raised serious allegations against Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (Sebi). They claim she continued to draw a salary from her previous employer, ICICI Bank, while serving at Sebi. Congress leader Pawan Khera pointed out that Buch earned nearly Rs 16 crore from ICICI, ...
 "OnePlus 13 Set to Redefine Smartphones with Bold Features and Early Launch")
OnePlus is set to introduce its highly anticipated OnePlus 13 series smartphone earlier than usual, possibly next month in China. This new flagship model is expected to feature the powerful Qualcomm Snapdragon 8 Gen 4 chip, promising enhanced performance. The OnePlus 13 will likely boast a stunning 6.8-inch quad-curved display with 2K resolution and a ...
 "Ethanol Revolution: India’s Journey Towards Energy Independence and Emission Reduction")
India’s ethanol blending initiative has significantly contributed to the economy, saving Rs 99,014 crore in foreign exchange since 2014, according to Union Petroleum Minister Hardeep Singh Puri. The government has achieved a 15 percent ethanol blending target and aims to reach 20 percent by 2025-26. This program has reduced crude imports by 173 lakh metric ...
 "Indian Manufacturing Slumps: PMI Falls to Three-Month Low Amidst Competition")
In August 2024, India’s manufacturing growth slowed to a three-month low, with the Purchasing Managers Index (PMI) dropping to 57.5 from 58.1 in July. Despite the decline, any PMI figure above 50 indicates expansion. The slowdown was attributed to softer growth in new orders and output, partly due to intense competition. However, input cost inflation ...
 "Escalation of Violence: Militant Drone Assault Rocks Manipur Village")
Suspected militants attacked Koutruk village in Manipur’s Imphal West district, resulting in the burning of five abandoned houses and the death of two people, including a woman. The militants opened fire from hilltops on Sunday afternoon, causing panic and forcing residents, including women and children, to flee. The police reported that advanced weaponry, including rocket-propelled ...
 "Godrej Properties Secures Prime Land in Gurugram for Luxury Home Development")
Godrej Properties has successfully bid for two prime residential plots in Gurugram for Rs 515 crore, planning to develop luxury homes worth Rs 3,400 crore on these sites. The company secured the plots through an e-auction conducted by Haryana Shehri Vikas Pradhikaran (HSVP), with one located in the sought-after Golf Course Road area and the ...
