The Indian government’s disinvestment receipts for the financial year 2024-25 (FY25) are poised to be the lowest since the Narendra Modi administration took office in 2014-15. As of now, the government has accrued ₹9,319.05 crore through minority stake sales, a significant drop compared to ₹16,507.29 crore collected in FY24. With only a short time left …
The compound average growth rate (CAGR) of employee compensation in India stood at 11.1% during the first ten years of Prime Minister Narendra Modi’s tenure. This figure, disclosed by Finance Minister Nirmala Sitharaman in Parliament, includes the post-Covid period, which saw significant changes in employment structures. Changing Work Trends Post-Covid The Covid-19 pandemic brought a …
Apple has started exporting AirPods manufactured at its Foxconn facility in Hyderabad, India, with initial shipments set to reach the United States and Europe in April 2025. This milestone makes AirPods the second product, after iPhones, to be produced in India for global markets. Foxconn’s Investment in Hyderabad Facility Foxconn, Apple’s manufacturing partner, invested ₹3,471.20 …
An organisation representing depositors of the New India Co-Operative Bank has filed a petition with the Reserve Bank of India (RBI), seeking urgent measures to alleviate their financial hardship. This development follows allegations of embezzlement amounting to ₹122 crore, leading to severe restrictions on withdrawals and the subsequent supersession of the bank’s board. The petition …
On March 19, 2025, as of 01:17 PM, the BSE Sensex was up 0.25% at 75,490.69, while the Nifty 50 was down 0.36% at 22,915.60. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low Prev. Close LTP %chng VSTL 131 155.83 131 129.86 155.83 20 DOLATALGO 74.9 …
Mercedes-Benz India is contemplating another price hike in April 2024, driven by the weakening rupee against the euro, as per news reports. According to Managing Director & CEO Santosh Iyer, if the rupee continues to depreciate, the luxury automaker will have to adjust its pricing to accommodate rising costs. Rupee’s Decline Sparks Concerns The Indian …
In a bid to enforce road discipline and curb reckless driving, India has implemented a stringent revision of traffic violation fines from 1 March 2025. These enhanced penalties not only impose substantial financial consequences but also introduce imprisonment and community service for serious infractions. Authorities aim to instil a culture of responsible driving and ensure …
Reward points are a valuable yet often underutilised financial asset. Consumers earn them across various platforms, including credit cards, airlines, and retail programs, but fragmented balances and expiration dates can reduce their overall usefulness. By strategically consolidating points, prioritising high-value redemptions, and leveraging seasonal promotions, consumers can maximise their savings and get the best returns …
Bajaj Finserv is set to strengthen its hold over its insurance ventures by acquiring the 26% stake held by Allianz in its life and general insurance businesses. This strategic move consolidates Bajaj Finserv’s control, paving the way for future growth and potential public listings. Bajaj Finserv to Take Full Control of Insurance Arms According to …
What was Adani Group’s First Business? Gautam Adani’s journey from a young entrepreneur to the head of one of India’s largest business conglomerates is a testament to strategic vision and relentless ambition. From humble beginnings in the diamond trade to founding the Adani Group, his business acumen has driven the company’s expansion across multiple industries, …
