 "India Targets Ambitious 4.9% Fiscal Deficit, New Budget Brings Hope")
The Indian government has set a fiscal deficit target of 4.9% of GDP for the current budget, down from 5.6% in the previous year. Between April and July, the fiscal deficit reached 2.77 trillion rupees, accounting for 17.2% of the annual estimate. During this period, net tax collections were 7.15 trillion rupees, representing 27.7% of ...
 "SBI’s Bold Strategy: Quality Over Rates Amidst Banking Challenges")
At the Global Fintech Fest in Mumbai on August 30, 2024, SBI Chairman Challa Sreenivasulu Setty emphasized that banks will focus on improving service quality instead of engaging in a rate war for deposits. He mentioned a slight adjustment in interest rates, particularly for the popular 1-2 year term deposits. SBI recently launched the “Amrit ...
India’s GDP has shown a growth of 6.7% in the first quarter of FY25, a drop from 8.2% the previous year. Meanwhile, Vedanta’s subsidiary faces a tax demand of Rs 11.87 crore. The growth in eight key infrastructure sectors slowed to 6.1% in July, primarily due to decreased output in crude oil and natural gas. ...
 "Zydus Gains FDA Approval for Scopolamine Patch, Tapping .6M Market")
Zydus Lifesciences Ltd has secured final approval from the US FDA to Market its Scopolamine transdermal system, designed to prevent nausea and vomiting in various situations, including after surgery and due to motion sickness. The product, which delivers 1 mg over 3 days, will be manufactured at Zydus’ facility in Ahmedabad. This marks the fifth ...
 "Max Estates Pursues Rs 800 Crore Fundraising for Strategic Land Acquisitions")
Max Estates, a prominent real estate developer in the Delhi-NCR region, is set to raise Rs 800 crore by selling equity shares to institutional investors as part of its Qualified Institutional Placement (QIP) initiative. The company’s board has approved the plan, confirming a floor price of Rs 628.74 per share. Major domestic mutual fund companies ...
 "WhatsApp Unveils Dramatic Privacy Updates: Control Contacts Like Never Before!")
WhatsApp is rolling out exciting new features for managing contacts on multi-accounts supported by a single device. As reported by WABetaInfo, the latest beta version for Android now allows users to control contact syncing for each account they add. Users can choose to disable syncing for secondary accounts or selectively sync contacts manually. Additionally, a ...
 "Akums Drugs Expands Ambit: Europe Beckons for Global Dominance")
Akums Drugs and Pharmaceuticals, India’s leading Contract Development and Manufacturing Organisation, is expanding its presence by filing two dossiers in the European Union, with plans for a third. This strategic move aims to diversify its portfolio and tackle the ongoing changes in the global pharmaceutical industry, especially given the current challenges in the US Market. ...
 "Modi Unveils Fintech Revolution: Empowering Millions and Transforming Lives in India")
Prime Minister Narendra Modi highlighted the transformative impact of fintech on India during the Global FinTech Fest 2024 in Mumbai. He noted that fintech has made financial services more accessible, allowing individuals in both urban and rural areas to easily secure loans and investments. With over $31 billion in investments and significant growth in digital ...
 "Apple’s Bold Leap: Unveiling AI Revolution in iPhone 15 Pro Max")
Apple’s upcoming iPhone 16 series is set to feature exciting new AI capabilities known as Apple Intelligence. While these advanced features won’t launch with the new models, basic AI tools like writing assistance and text summarization are expected to roll out in October with the iOS 18.1 update. Further enhancements, including advanced photo editing and ...
 "Balmer Lawrie Targets Rs 6,000 Crore Revenue by 2030 with Strategic Growth Plan")
Balmer Lawrie, a diversified public sector company, is set to achieve a revenue target of Rs 6,000 crore by 2030. Currently generating Rs 2,400 crore, the firm recently signed a Memorandum of Understanding with the government for a revenue goal of Rs 3,400 crore in the current financial year. The company, which operates in grease ...
