Gayatri 
Gujarat, September 17 (Meel Bijendra) – India ranks fourth in the world in terms of renewable energy installed capacity, including large hydro. Apart from this, it also ranks fourth in both Wind Power capacity and Solar Power capacity. India announced its ambitious targets to install 500 GW of non-fossil fuel capacity by 2030, achieve net-zero … Read more
NEW DELHI, August 1 (MeelBijendra) – On Tuesday, August 1, Indian conglomerate Reliance Industries announced that Brookfield Asset Management has signed a memorandum of understanding (MoU) with Reliance Industries to further explore opportunities in Australia to pursue renewable energy and manufacture decarbonization equipment. Brookfield Asset Management is a Canadian multinational company with over US$825 billion … Read more
BENGALURU, July 25 (MeelBijendra) – Paytm, the second largest digital payments app in India by market share, says the value of loans disbursed through the Paytm platform grew by 167% year-on-year to INR 14,845 crore in Q1 FY24, with continued momentum in consumer and merchant loan disbursements along with improving portfolio quality. Paytm generally disburses … Read more
Nykaa is one of India’s leading beauty and fashion omnichannel players with a total of 154 retail stores across 60 cities in India and a customer base of 24 million by the end of March 31, 2023. India’s FSN E-Commerce Ventures Limited is the parent of Nykaa, a cosmetics-to-fashion retailer that sells beauty, wellness, and … Read more
India’s third largest private sector lender Axis Bank announced on June 8 that Axis Bank has executed its first onshore INR non-deliverable derivative trade with a large domestic corporate client based in the South within the guidelines of the Central Bank. Read Also: Axis Bank acquires Citibank’s Indian retail consumer business for $1.6 billion The … Read more
On 17 May 2023, the offices of GTL Limited located in Navi-Mumbai and Mumbai were searched by the Enforcement Directorate (ED). GTL is a telecom-focused infrastructure services company providing network services to Telecom operators, OEMs, and tower companies. According to Enforcement Directorate (ED) officials, the documents seized from GTL Limited’s offices in Mumbai pertain to … Read more
India is becoming a favorable market for fashion retailers. Factors like increase in income levels, improvement in consumer behavior, increase in demand from Tier 3, Tier 4 cities and rural markets, increase in youth spending led to growth in the Indian footwear industry. India’s retail market size was ₹55 trillion in 2020, growing at a … Read more
India’s domestic economic recovery in FY 2021-22 boosted import demand while India’s external sector remained resilient and safe-haven demand for gold expanded the trade deficit from October 2021 to March 2022 time period. But strong capital inflows, dominated by strong exports and foreign direct investment (FDI), eased the pressure on the current account balance. In … Read more
Uranium is considered one of the rarest minerals and has a very high density. India has been confirmed to have reserves of more than 2.5 lakh tonnes of uranium and India produces about 2% of the world’s uranium. Rajasthan is a major state in the availability and diversity of minerals in India and produces about … Read more
10 lakh government jobs will be given by the Government of India in 1.5 years, out of which the Agnipath scheme is a process under which the Government of India has decided to appoint 46000 ‘Agniveers’ in the year 2022, and the number of Agniveers to be recruited in the first year will be only … Read more
Today the Indian Stock Market Index Nifty fell by 2.89% to 15732.10 and Sensex fell by 2.96% to 33311.55. In intraday trading, the Indian rupee closed at an all-time low of 78.22 due to the rise in the price of crude oil and the rise in the dollar. Globally, central banks are continuously increasing their … Read more
RBI Monetary Policy: On Wednesday, 8 June 2022, the Reserve Bank of India (RBI) increased the repo rate by 50 basis points to 4.90% and this is the second time in five weeks the repo rate has been increased by 50 basis points. Whereas the Monetary Policy Committee (MPC) had hiked the repo rate by … Read more
Today Nifty rose by 2.1% to 16661.40 and Sensex rose by 1.98% to close at 55925.74. Rising inflation is a major concern around the world in 2022, due to which central banks such as the Federal Reserve, Bank of England, and RBI (Reserve Bank of India) have increased their benchmark interest rates. The bank’s interest … Read more
Almost all major markets are down since the beginning of 2022. US Fed, Bank of England, and RBI (Reserve Bank of India) have already started rate hikes and the market is expecting that the rates will be hiked further. Due to this the Indian market is also in a downward trend as high inflation is … Read more
LIC IPO India’s biggest IPO (Initial public offering) so far is coming at around 21000 crores. LIC was the only insurance company in India from the year 1956 to the year 2000. LIC’s DRHP (Draft Red Herring Prospectus) was filed with SEBI (Securities and Exchange Board of India) in February 2022 but the final IPO … Read more
The share price of Jubilant FoodWorks, which operates brands like Domino’s Pizza, Dunkin’, and Hong’s Kitchen in India, was trading lower by 12.24% at Rs.2479.80. The company’s CEO (Chief executive officer) and Director Pratik Pota decided to resign from his position. The company said Pratik Pota will continue his position till Wednesday, June 15, 2022. … Read more
There was a rise in the share price of Indian Aviation Stocks. In early trade Interglobe Aviation stock was up by 7.29% to Rs 1709.98, Jet Airways (India) stock was up by 4.49% to Rs 92.78, and Spicejet stock was up by 4.29% to Rs 57.88. The Indian government said that from March 27, 2022, … Read more
Recently the Telecom Regulatory Authority of India (TRAI) released the latest subscriber numbers of the telecom companies. According to TRAI’s recent data release, in the month of February 2022, Reliance Jio lost approximately 36.6 lakh wireless subscribers and in the same period, Bharti Airtel gained 15.9 lakh subscribers and Vodafone Idea lost 15.3 lakh subscribers. … Read more
In Early Trade today, Adani Green Energy’s share price increased by 7.21% to Rs 2491.98, Adani Transmission’s share price increased by 4.31% to Rs 2656.88, Adani Enterprises share price was up by 0.17% to Rs 2173.22. According to reports, the Abu Dhabi-based International Holding Company (IHC) will invest about $2 billion in these three companies … Read more
Meta-owned instant messaging app WhatsApp initially had a limit of 20 million users for its payments feature but now WhatsApp has received approval from the National Payments Corporation of India (NPCI) to expand the payments feature to 100 million users. WhatsApp was allowed to launch payment services in November 2020 with a limit of 20 … Read more
The Reserve Bank of India (RBI) on Friday 8th April 2022, for the 11th consecutive time, the Monetary Policy Committee (MPC) kept the lending rate or repo rate unchanged at 4% while the reverse repo rate has also been kept unchanged at 3.35%. This is the first meeting of the Monetary Policy Committee (MPC) of … Read more
Green Hydrogen Energy: India is the third-largest consumer of fossil fuels in the world. The Indian government is aiming to drastically boost India’s dependence on green fuel. According to reports, the Ministry of Power on Thursday, 17 February 2022 said that India plans to produce 5 million tonnes of green hydrogen per annum by 2030. … Read more
HDFC Bank shares were trading up 2.55% at Rs 1,508 today. HDFC Bank recorded good numbers in quarter 4 financial year 22 (Q4 FY22). HDFC Bank’s advances grew by 20.9% on a year-on-year (YOY) basis and 8.6% on a quarter-on-quarter (QOQ) basis in the fourth quarter of FY22 (Q4 FY22). HDFC Bank’s retail deposits rose … Read more
Ruchi Soya‘s FPO (follow-on public offering) was closed on Monday 28 March 2022. Through this FPO, the company will raise Rs 4300 crore and the issue price of this FPO has been set at Rs 650 per share. However, many users received unsolicited SMSs promoting Ruchi Soya’s FPO (follow-on public offering). Due to this SEBI … Read more
If your mobile number and email id are not linked with your Aadhaar card or if it is linked but you want to update it, then you can do it online now. India Post Payment Bank (IPPB) has started a home service, which allows you to update your mobile number and email id in your … Read more