 "Black Box CEO Sanjeev Verma outlines ambitious plans for 2027-28, targeting billion revenue by expanding India’s operational significance.")
Sanjeev Verma, CEO of Black Box, a part of the Essar Group, has announced plans for significant growth in India, aiming for the country to represent 7-8% of the company’s business as it seeks to reach $2 billion in revenue by 2027-28. Currently, India accounts for just 6% of revenue, which is around $750 million ...
 "RBI embarks on a monumental 4-5 year project to revolutionize currency management, ensuring safety, efficiency, and eco-friendliness for India’s economic future.")
The Reserve Bank of India (RBI) is planning a major overhaul of its currency management system over the next 4-5 years to meet the growing cash needs of the economy. This modernization will include building new currency management centers, automating warehouses, and improving security and inventory systems. The RBI noted that while the growth rate ...
 "SOM Distilleries launches India’s first twist-cap beer, aiming for Rs 1,600 crore sales and 15% market share by 2025.")
SOM Distilleries and Breweries, based in Bhopal, has launched its innovative twist-cap beer, “Woodpecker,” in Karnataka. This marks the debut of India’s first twist-cap beer, featuring two variants: Woodpecker Glide, a mild beer, and Woodpecker Crest, a stronger option. The beers are crafted using imported barley, Indian malts, and German hops, ensuring high quality and ...
 "Foreign investors aggressively buy Indian equities as U.S. rate cuts loom, driven by optimism and India’s resilient market conditions.")
Foreign Portfolio Investors (FPIs) have invested Rs 27,856 crore in Indian equities in the first half of September 2024, driven by resilience in the Indian Market and expectations of an interest rate cut by the US Federal Reserve. Since June, FPIs have been on a buying spree after withdrawing Rs 34,252 crore earlier this year. ...
 "Prime Minister Modi inaugurates new Vande Bharat trains, enhancing India’s rail connectivity with speed, safety, and modern amenities.")
Prime Minister Narendra Modi is set to launch six new Vande Bharat trains today in Jharkhand, enhancing India’s railway network. These trains offer faster travel, advanced safety features, and luxurious amenities, significantly improving passenger experience. The new routes connect key locations such as Tatanagar-Patna and Gaya-Howrah. With this addition, the Vande Bharat fleet expands to ...
 "In a dramatic showdown, India’s aggressive coach Gambhir faces Bangladesh, igniting fierce competition as Kohli leads the charge.")
India’s cricket team, led by head coach Gautam Gambhir, is gearing up for a two-match Test series against Bangladesh starting September 19 in Chennai. Former cricketer Ajay Jadeja highlights Gambhir’s aggressive coaching style, promising a dynamic and exciting approach. He believes Gambhir will actively push the team and avoid a passive attitude during the matches. ...
On Hindi Diwas, Union Home Minister Amit Shah expressed his strong belief that Hindi has a special bond with all Indian languages. He emphasized that the country’s progress is linked to the enrichment of its diverse languages. Shah highlighted that this year marks the 75th anniversary of Hindi being adopted as the official language, first ...
 "India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.")
India has increased import taxes on crude and refined edible oils by 20 percentage points to support local farmers facing low oilseed prices. This decision raises the total import duty on palm oil, soyoil, and sunflower oil to 27.5%, significantly impacting the prices of these oils and potentially reducing demand from overseas. The new duties ...
 "LG Electronics plans a .5 billion IPO for its Indian unit, aiming to boost revenue and capitalize on India’s growth potential.")
LG Electronics is planning a potential initial public offering (IPO) for its Indian business, aiming to raise between $1 billion and $1.5 billion. This move could value LG Electronics India Pvt Ltd at around $13 billion. The company has selected major banks like Bank of America, Citigroup, JPMorgan Chase, and Morgan Stanley to manage the ...
 "Amit Shah renames Port Blair to Sri Vijaya Puram, honoring India’s freedom struggle and shedding colonial legacy.")
The Union Home Minister Amit Shah announced the renaming of Port Blair to Sri Vijaya Puram to eliminate colonial influences and honor the Andaman and Nicobar Islands’ significant role in India’s freedom struggle. He emphasized that this new name symbolizes victory and reflects the islands’ rich history, including events like the first unfurling of the ...
