 "Indian firms achieved a record cash flow of Rs 11.1 trillion in FY24, marking a dramatic 19.3% increase.")
In the financial year 2023-24, Indian companies achieved a remarkable milestone by generating a net cash flow of Rs 11.1 trillion from their operations. This figure marks the first time cash flow has crossed the Rs 10-trillion threshold, as reported by the Centre for Monitoring Indian Economy (CMIE). The new cash flow represents a significant ...
 "Bengaluru’s wealthy elite surges, with a forecasted 150% increase in centi-millionaires, igniting a battle for resources amid dramatic growth.")
Bengaluru is witnessing an impressive surge in its ultra-wealthy population, expecting a 150 percent increase in centi-millionaires over the next 16 years. Currently, the city boasts about 13,200 millionaires with a total investable wealth of Rs 800 crore. This growth reflects a trend seen globally, where the centi-millionaire population has surged by 54 percent in ...
 "The government plans to increase bank fines for regulatory noncompliance, aiming to strengthen deterrents against repeat offenders.")
The government is looking to increase fines for banks that fail to follow regulatory guidelines. Officials believe the current fines are too low to effectively discourage major organizations or those that repeatedly break the rules. To address this, the Centre is open to revising laws, such as the Banking Regulation Act of 1949 and the ...
 "Shriram Finance plans to raise billion for business growth, anticipating a 15-16% loan increase this financial year.")
Y S Chakravarti, the MD and CEO of Shriram Finance, announced that the company plans to raise $1 billion (around Rs 8,300 crore) in the next six months to support its growth. This includes an initial $300 million targeted for October, with the remainder to follow as Market conditions allow. While Shriram Finance intends to ...
Netflix has seen a remarkable surge in its monthly active users, reaching an impressive 40 million, a significant jump from just 5 million a year ago. This spike in users showcases the streaming giant’s continued growth and popularity among viewers worldwide. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to ...
Wall Street analysts are predicting a positive outlook for S&P 500 earnings, signaling a bullish trend for investors. This news suggests that companies within the index are expected to report strong financial results, which could potentially drive stock prices higher. Investors are keeping a close eye on this development, eager to capitalize on potential gains ...
Did you know that California is planning to implement a ‘secret’ 50-cent gas tax hike in the next two years? This unexpected increase in gas prices is set to go into effect, causing concern for many residents in the state. Stay tuned for more updates on this developing news story. Click to Claim Latest Airdrop ...
