Articles for category: Business

Market News

Australia’s Jess Jonassen rates India as the favorite for the Women’s T20 World Cup amid challenges in unfamiliar UAE conditions.

Australia’s Jess Jonassen rates India as the favorite for the Women’s T20 World Cup amid challenges in unfamiliar UAE conditions.

Australia’s five-time Women’s T20 World Cup champion Jess Jonassen believes India is the top contender for the upcoming tournament in the UAE. With Indian players familiar with the spin-friendly conditions, Jonassen feels they have an edge. While Australia has a successful history, Jonassen admits they are less experienced in these specific conditions. She also sees ...

Market News

India’s wealthiest surpasses  trillion; household assets soar, driven by equity investments, revealing a shifting financial landscape.

India’s wealthiest surpasses $1 trillion; household assets soar, driven by equity investments, revealing a shifting financial landscape.

The wealth of India’s richest individuals has surpassed $1 trillion, reaching an impressive $1.19 trillion, as reported by Fortune India. Additionally, a report from Motilal Oswal reveals that household financial wealth has hit a record high of 115.9% of India’s GDP in the first quarter of FY25. Households have seen their gross financial assets rise ...

Market News

India slashes rice export duties to boost shipments, as bumper harvests promise lower prices and renewed access to global markets.

India slashes rice export duties to boost shipments, as bumper harvests promise lower prices and renewed access to global markets.

India has reduced the export duty on parboiled rice from 20% to 10% due to rising inventories and an upcoming harvest. This change will make Indian rice more competitive globally, potentially driving prices down in countries like Thailand and Vietnam. The export duty for brown rice and husked rice has also been cut to 10%, ...

Market News

In a dramatic turn of events, Delhi’s Arvind Kejriwal was arrested for alleged money laundering, igniting fierce protests prior to Lok Sabha polls.

In a dramatic turn of events, Delhi’s Arvind Kejriwal was arrested for alleged money laundering, igniting fierce protests prior to Lok Sabha polls.

In March 2024, Arvind Kejriwal, the then Chief Minister of Delhi, was arrested on allegations of money laundering linked to corruption in liquor license awards. This marked a significant political event, as Kejriwal became the first sitting chief minister in India to be taken into custody. The arrest came just ahead of the Lok Sabha ...

Market News

India’s foreign exchange reserves soar to a historic 2 billion, marking a fifth consecutive weekly record, nearing 0 billion.

India’s foreign exchange reserves soar to a historic $692 billion, marking a fifth consecutive weekly record, nearing $700 billion.

India’s foreign exchange reserves have reached a new record high of $692 billion, marking an increase of $2.8 billion for the week ending September 20, as reported by the Reserve Bank of India (RBI). This milestone represents the fifth consecutive week of growth, edging closer to the $700 billion goal. The boost in reserves was ...

Market News

Intense rainfall devastates Bihar, triggering flash flood alerts as over 13 lakh residents face evacuation from inundated regions.

Intense rainfall devastates Bihar, triggering flash flood alerts as over 13 lakh residents face evacuation from inundated regions.

Heavy rainfall is expected in several districts of Bihar, as the India Meteorological Department has issued a warning for low to moderate flash flood risks in 13 areas. The affected districts, including West Champaran, Muzaffarpur, and Patna, are on high alert as the Disaster Management Department urges local administrations to adopt preventive measures. Meanwhile, around ...

Market News

China’s bold economic stimulus attempts meet skepticism as officials grapple with deflation and a struggling property sector. Immediate action is crucial.

China’s bold economic stimulus attempts meet skepticism as officials grapple with deflation and a struggling property sector. Immediate action is crucial.

China’s recent economic measures, aimed at strengthening the Market, have sparked optimism among investors. The government’s “blitz” stimulation package includes an interest rate cut and financial aid for the impoverished, reflecting an assertive response to current challenges like post-pandemic recovery and a struggling property sector. However, reliance on military metaphors such as “bazooka” can be ...

Market News

The Supreme Court upheld GMR Airports’ operation of Nagpur Airport, dismissing curative petitions by the Centre and AAI.

The Supreme Court upheld GMR Airports’ operation of Nagpur Airport, dismissing curative petitions by the Centre and AAI.

The Supreme Court has closed the curative petitions from the Centre and Airports Authority of India regarding its 2022 decision that allows GMR Airports to upgrade and operate Nagpur’s Babasaheb Ambedkar International Airport. The Court’s ruling confirmed GMR Airports’ rights to manage the airport. Solicitor General Tushar Mehta, representing the Centre, argued that there were ...

Market News

As midnight strikes, Amazon and Flipkart unleash their colossal sales, igniting a fierce e-commerce battle for festive dominance.

As midnight strikes, Amazon and Flipkart unleash their colossal sales, igniting a fierce e-commerce battle for festive dominance.

On September 27, 2024, the much-anticipated festival sales kicked off with Amazon and Flipkart launching their annual events, drawing millions of online shoppers. Amazon’s war room showcased intense preparations with over 20 teams monitoring real-time data to meet customer demands and ensure smooth operations. Flipkart celebrated its 11th Big Billion Days event, emphasizing teamwork and ...

Market News

IMAX, once struggling for acceptance, now thrives globally, transforming cinema into immersive events, as CEO Richard Gelfond reveals ambitions.

IMAX, once struggling for acceptance, now thrives globally, transforming cinema into immersive events, as CEO Richard Gelfond reveals ambitions.

IMAX has transformed from struggling for recognition to becoming a leading technology brand in the cinema industry. In a recent interview, CEO Richard Gelfond discussed IMAX’s significant role in the global cinema ecosystem, emphasizing its commitment to creating immersive experiences. IMAX not only presents films but also hosts live events, such as concerts and sports, ...

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