 "Rupee Dips to Historic Low Amidst Unstable Market Forces in August")
In August 2024, the Indian rupee faced challenges, becoming the second-worst performing currency in Asia after the Bangladesh Taka, due to high demand for the US dollar and a drop in investment in Indian equities. The rupee depreciated by 0.2 percent, trading at Rs 83.87 per dollar, nearing its all-time low. Despite this decline, the ...
 "Strengthening Ties: Singapore and China’s Navies Unite for Maritime Exercise")
The navies of Singapore and China have commenced the third edition of their bilateral maritime exercise, demonstrating their strong defense relationship. This year’s Exercise Maritime Cooperation, held from September 1 to 5, is taking place at the Ma Xie Naval Base in Zhanjiang, China, with approximately 200 personnel participating. The Singapore Navy’s Formidable-class frigate, RSS ...
 "Kharge Accuses BJP of Deception as J&K Youth Demand Change!")
Congress president Mallikarjun Kharge has criticized the BJP’s policies for youth in Jammu and Kashmir, labeling them as deceptive. In a recent statement, he highlighted the staggering youth unemployment rate of 28.2% in the region and pointed out the issues of corruption and exam paper leaks that have hindered job recruitment in government departments. Kharge ...
 "Air Marshal Tejinder Singh Takes Command, Honors Fallen Heroes in Ceremony")
Air Marshal Tejinder Singh has officially taken over as the Deputy Chief of the Air Staff of the Indian Air Force, as announced by the Defence Ministry. After assuming his new role at Air Headquarters (Vayu Bhawan), he honored the sacrifices of fallen soldiers by laying a wreath at the National War Memorial. Commissioned in ...
 "Infant Attrition Surge: Indian Workforce Faces Rising Job Discontent and Shift")
Infant attrition, the trend of employees leaving within six months of joining, is rising in India, with an annual increase of 4-5 percent. This phenomenon primarily affects younger workers aged 22-32 and is driven by factors like poor work-life balance, lack of flexibility, job dissatisfaction, and inadequate onboarding. It has significant financial implications for companies, ...
 "Toyota Soars 35% in August as SUVs Drive Sales Surge")
Toyota Kirloskar Motor has reported a remarkable 35 percent increase in total wholesales for August, reaching 30,879 units compared to 22,910 units the previous year. The surge is attributed to strong demand, particularly for SUVs and MPVs, as consumer interest grows during the festive season. This trend is not only seen in urban areas but ...
 "Market Soars: Airtel and IT Giants Lead Historic Valuation Surge")
Last week, the stock Market in India saw a significant rise, with the BSE benchmark increasing by 1,279.56 points or 1.57 percent. The Market valuation of the top ten firms combined surged by Rs 1,53,019.32 crore, with Bharti Airtel and major IT companies like Infosys and Tata Consultancy Services leading the gains. Bharti Airtel’s valuation ...
 "Raymond Seizes Opportunity as Bangladesh Crisis Fuels Global Inquiries")
Raymond, a leading textiles and apparel company, is poised to capitalize on a surge of inquiries from global firms following recent crises in Bangladesh. Chairman and Managing Director Gautam Singhania highlighted that India’s strong fabric supply and end-to-end manufacturing capabilities position it favorably as some garmenting businesses may shift from Bangladesh. Despite higher labor costs ...
 "Foreign Investors Pull Back: Indian Equities Face Caution Amid High Valuations")
In August 2024, Foreign Portfolio Investors (FPIs) invested Rs 7,320 crore in Indian equities, a notable decrease compared to previous months. This cautious approach was largely influenced by high stock valuations and the unwinding of the Yen carry trade, following the Bank of Japan’s interest rate hike. Despite ongoing interest in September, FPI flows will ...
 "PVR INOX Restructures: Closing Non-Performing Screens for Strategic Growth!")
PVR INOX, a leading multiplex operator, is strategically aiming for profitable growth by closing 60 to 70 underperforming screens in FY25 while opening 120 new ones. The company plans to focus on expanding in South India, which presents a significant opportunity due to fewer multiplexes in the region. To optimize costs, PVR INOX is shifting ...
