India is experiencing a significant drop in exports to China, with a 22.44% decline to $1 billion in August, compared to an overall export decrease of 9% to $34.7 billion. Despite this contraction, China’s dependency as India’s largest import partner remains strong, with imports rising by 15.5% year-on-year to $10.8 billion. Key export items to ...
 "RBI Governor Shaktikanta Das warns of banking risks from global commercial real estate stress amid rising inflation concerns in India.")
Reserve Bank of India Governor Shaktikanta Das has raised concerns about the potential risks banks face due to stress in the global commercial real estate sector. In a recent speech at the Future of Finance Forum in Singapore, he warned that liquidity issues could arise, particularly for banks with high commercial real estate loans. He ...
In a shocking incident in Madhya Pradesh’s Indore district, two Indian Army officers were assaulted, and one of their female friends was raped by unidentified men during a picnic. Rahul Gandhi, the Leader of Opposition, condemned the attack, stating that this violence reflects the failure of the government to maintain law and order, especially in ...
The Delhi High Court has asked the CBI to explain the waterlogging in Old Rajinder Nagar that led to the tragic drowning of three civil services aspirants in July. The owners of the coaching center’s basement, where the incident occurred, are seeking bail, claiming they are just landlords and had no involvement. Meanwhile, the death ...
 "HDFC Bank is negotiating to offload Rs 8,400 crore in loans to strengthen finances amid rising credit-to-deposit ratio concerns.")
HDFC Bank, India’s largest private lender, is negotiating with global banks like Barclays, Citigroup, and JPMorgan to sell around Rs 8,400 crore (about $1 billion) in loans. This move aims to improve its credit-to-deposit ratio, which has been under pressure due to rapid loan growth compared to deposits. The bank is also in talks with ...
India plans to deploy 5,000 cyber commandos within five years, as announced by Union Home Minister Amit Shah. These specially trained officers will quickly respond to cyber threats and implement preventive measures to enhance national cybersecurity. Shah emphasized that safeguarding the digital landscape is crucial for the country’s growth. During the launch of the Indian ...
 "Apple unveils the AI-enhanced iPhone 16, igniting competition with Huawei’s tri-fold phone amidst rising consumer demand for advanced features.")
On September 9, 2024, Apple CEO Tim Cook unveiled the highly anticipated iPhone 16 during a special event at the Steve Jobs Theater in Cupertino, California. The new iPhone features advanced AI capabilities and is powered by the new A18 chip, along with a customizable button for enhanced camera controls. As Huawei’s tri-fold phone racked ...
 "Bavarian Nordic faces pressure to lower mpox vaccine prices as African nations struggle to afford costly shots amidst rising outbreaks.")
Bavarian Nordic A/S’s mpox vaccine pricing is becoming a major hurdle in securing millions of doses for African nations facing health crises. With the price set at around $100 to $141 per dose, it far exceeds what many African countries can afford, especially given ongoing health challenges like cholera and malaria. As UNICEF and other ...
 "Tata Digital narrows losses; Bigbasket thrives with rising revenue, while Tata 1MG turns profitable amidst strategic restructuring.")
In FY24, Bigbasket, India’s leading e-grocery platform, reported a revenue increase of 5.7%, reaching Rs 2,391.83 crore, compared to Rs 2,261.28 crore in FY23. The company also narrowed its losses to Rs 128 crore from Rs 215.21 crore the previous year. Tata Digital, the e-commerce division of Tata Sons, saw its losses shrink to Rs ...
 "Amidst rising maritime tensions, India’s Jaishankar engages GCC leaders in Riyadh, aiming for stronger trade and cooperation amidst global conflict.")
External Affairs Minister S Jaishankar arrived in Riyadh, Saudi Arabia, on September 8, 2024, for the First India-Gulf Cooperation Council (GCC) Foreign Ministers’ Meeting. Welcomed by Saudi officials, Jaishankar expressed his gratitude for the warm reception. During his two-day visit, he will hold bilateral discussions with foreign ministers from GCC countries, focusing on strengthening the ...
