India’s Economic Boom: What Morgan Stanley Predicts
Is India on the cusp of a major economic boom? Morgan Stanley offers insights into the factors driving India’s GDP growth, drawing parallels to the 2003-2007 boom period. Read the analysis and predictions for India’s economic future.
Record-breaking Surge: India’s Premium Smartphone Segment Witnesses 75% YoY Growth in H1 2023
India’s premium smartphone segment experiences remarkable 75% YoY growth in H1 2023, as consumers embrace higher-end devices. Find out more!
Unprecedented Surge: Mumbai’s Elite Drive Luxury Property Boom with Record-Breaking Demand
Discover how Mumbai’s affluent residents are fueling a luxury property buying frenzy, driving down inventory and reshaping the real estate market.
100 Killed in Severe Heatwave in North India, Temperatures Soar to Record-Breaking Levels
India is grappling with an unprecedented heatwave that has claimed around 96 people in the northern states of Uttar Pradesh and Bihar. Citizens have battling the scorching heat as temperatures soared to record-breaking levels. This has raised alarms about the long-term effects of climate change. The summer of 2023 has proven to be a relentless […]
Government Integrates MSME Global Mart into ONDC
In a recent tweet, Union Minister Narayan Rane announced that the government is taking significant measures to strengthen the Indian MSME (micro, small, and medium enterprises) sector. One of the key steps includes integrating MSME Global Mart, a B2B (business-to-business) platform, into the Open Network for Digital Commerce (ONDC). Minister Rane, in an interview with […]
Ed-Tech Startup Ulipsu Raises $5.7 Million in Pre-Series A Funding Round
Ed-tech startup Ulipsu raises $5.7M in Pre-Series A funding round, attracting investors from Middle East and Canada. Plans global expansion and product diversification.
G7 Russia Sanctions Cast Shadows on India’s Diamond Traders
The pledge by leaders of G7 countries, in Japan on Friday, to restrict trade in Russian diamonds will have a significant impact on India’s diamond hub – Surat. The UK has also announced new sanctions against Russia aimed at advanced military technologies and imports of diamonds to cut the Kremlin’s sources of income. According to […]
Amazon Deepens Presence in India: Plans to Invest $12 bn in Expansion of AWS Data Center Infrastructure by 2030
AWS, Amazon’s cloud-computing business, plans to spend $12,81 Billion to expand its data center infrastructure in India by 2030. Amazon Web Services said the move would support about 131,700 full-time jobs in India’s data center supply chain annually. This is also part of Amazon’s long-term efforts to boost the global reach of its cloud services. […]
India Makes Progress in Solar Energy But Remains Heavily Dependent on Coal
India remains heavily dependent on fossil fuels for the country’s electricity system, and is only second to South Africa in coal reliance. However, India is making progress in solar energy. In the last decade, India has made significant progress in solar energy with generation growing by 45 times to reach 5 percent of its power […]
Banks Want Equitable Access to Funding, Urge RBI to Address High Overnight Rates
Banks have raised concerns about high overnight rates and liquidity conditions and want the Reserve Bank of India (RBI) to bring about equitable access to funding. Entities highlighted inconsistency in rates, with some accessing funds at elevated rates. The self-regulated market institutions have requested the RBI to bring overnight rates closer to the benchmark policy […]
Why India’s Real Estate is Attracting Foreign Investors: An Analysis
India recorded a three-fold rise in foreign investment into real estate during the six-year period 2017 – 2022 of $26.6 Billion. Colliers’ India High on Investors Agenda report stated that foreign investments in India have been on the rise over the last few years as the industry underwent an overhaul, with major structural, policy reforms […]
MG Motor In Talks With Reliance Industries, Premji Invest, Hero Group and JSW Group to Sell India Business
MG Motor is in “advanced negotiations” with potential buyers, including Reliance Industries, JSW Group, Premji Invest and Hero Group, to sell its majority stake in India car business. It is looking at closing a deal by the end of this year. MG Motor wants regulatory ease in India as it faces difficulties in getting approvals […]
India to Give $10 Billion Worth of Incentives and Assistance to Encourage Local Chipmaking
India is keen to revive the application process for $10 Billion in incentives and assistance intended to encourage local chipmaking. The government wants to renew efforts to lure prospective chipmakers to India. To make the process easier, New Delhi has eliminated the 45-day requirement for submission. Initially, the government had given companies a 45-day window, […]
Ola Faces Valuation Setback as Vanguard Group Slashes Value by 35%
Ola, one of India’s leading ride-hailing companies, has encountered a significant setback as its valuation undergoes a markdown by its backer, Vanguard Group. The global investment management firm has reduced Ola’s valuation by 35%, resulting in a decrease from its peak value of $7.4 billion to $4.8 billion. This development comes amidst a broader trend […]
Groww, Indian Fintech Unicorn, Plans to Shift Domicile from the US to India
Groww, a leading fintech unicorn, plans to shift its domicile from the US to India, following the trend of other major fintech companies.
iPhone Maker Buys Large Plot of Land in Bengaluru for $37 Million in Effort to Expand Outside of China
Foxconn, the largest contract electronics manufacturer of iPhone in the world, has purchased land on the outskirts of Bengaluru. This is part of Hon Hai Precision Industry’s efforts to diversify away from China following disruptions by stringent COVID-19 restrictions. In a filing with the London Stock Exchange, Foxconn stated it had acquired a 13 Million […]
India’s Rating Unchanged At BBB With Stable Outlook: Fitch Ratings
India is one of the fastest-growing sovereigns globally but its sovereign rating remains unchanged at BBB. Fitch Ratings highlighted a stable outlook, on robust growth and resilient external finances. It affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at BBB with a Stable Outlook. Fitch Ratings said strong growth potential is a key supporting factor […]
ADB Set To Reduce Forex Risks for Member Countries By Raising Bonds in Local Currency
The Asian Development Bank is encouraged to increase its local currency finance for member countries to avoid the impact of foreign exchange risks, says ADB president Masatsugu Asakawa. He highlighted the bank intends to increase raising bonds in local currency in an effort to reduce the forex risks being faced by member countries. The institute […]
Asia-Pacific Driven By India’s Resilient Growth and China’s Recovery: IMF Report
As the rest of the world faces slower growth from tightened monetary policy and Russia-Ukraine conflict, the Asia-Pacific region is seeing fruits thanks to resilient growth in India and China’s recovery, says the International Monetary Fund. It believes the India and China will contribute around half of global growth this year. The IMF expects Asia-Pacific’s […]
Electricity Bills to Get Costlier Owing to Surging Imported Coal and Transportation Charges
As power producers pass on the costs of expensive imported coal and transportation charges, households across India will see costlier electricity bills. Several states, for FY24, have already set new tariff orders. There may be further spikes during the year due to an increase in power generation expenses. A top executive on the condition of […]