World , inflation is declining, but RBI Governor Shaktikanta Das says it may be difficult to reduce inflation in the last stages. The RBI kept its FY25 inflation prediction at 4.5% in its June monetary policy, despite the fact that food prices continued to rise even as CPI headline inflation further decreased in March and … Read more
After indications from Saudi Arabia and Russia, two OPEC+ members, that they were prepared to halt or overturn output agreements, oil prices rose on Friday. This decision heightened anticipation of a comparable U.S. action, as did a European interest rate drop. U.S. West Texas Intermediate crude prices jumped by 16 cents to $75.71, while Brent … Read more
Orient Green Power : At its next annual general meeting on June 28, 2024, Orient Green Power intends to ask shareholders for permission to raise its authorised share capital from Rs 1,600 crore to Rs 2,500 crore. In order to fund its operations going forward, the corporation plans to raise money and revise its memorandum … Read more
India’s average cost of a data breach hit a record high of Rs 17.6 crore (about $2.2 million) for the fiscal year 2022, according to the IBM Security Data Breach Report of 2022. Technology has caused an unprecedented level of digitalization, which is changing sectors all over the world. But this quick digitization has also … Read more
The investment strategies of Foreign Institutional Investors (FIIs) have undergone notable modifications as a result of the large sell-offs made in the auto, FMCG, oil and gas, and power sectors and the shift towards purchases in the banking, construction, and telecom sectors. In the second part of May, FIIs sold power worth Rs 2,250 crore, … Read more
Following a big electoral setback for Modi’s party, Russian President Vladimir Putin talked with Indian Prime Minister Narendra Modi on Wednesday. In order to lead for his third term, which begins on Saturday, Modi now needs the backing of allies in the area. Modi’s Loss in the Election : 1. The legislative majority was lost … Read more
Rainmatter, the investment arm of Zerodha, and Big Bang Capital, a Singapore-based PE firm, led a $2.5 million fundraising round for the cleantech SaaS platform LogicLadder. Sustainability Cloud, the company’s core product, helps brands lower their environmental effect while increasing operational effectiveness. LogicLadder was founded in 2011. The money will be utilised to improve product … Read more
May saw the highest expansion in China’s manufacturing sector in almost two years, according to the Caixin/S&P Global Manufacturing PMI, which increased from 51.4 in April to 51.7 in May, above analysts’ forecasts of 51.5. The 50-point cutoff separates contraction from expansion. This impressive performance is the result of increased orders and excellent output, supported … Read more
Invasion, a seven-week business programme offered by BITS Pilani, aims to assist startup businesses grow by giving them access to business contact, coaching, and equity-free grants. Launched in Gurugram on April 13, the 20th edition consists of two stages: an online prelim and an offline phase lasting one week. Conquest, which is run by 25 … Read more
To make it easier to obtain thorough information about the Indian fintech industry, the Reserve Bank of India (RBI) has established a fintech repository. Data about different finance businesses, their business models, and technology use cases will be included in this repository. In addition, RBI chairman Shaktikanta Das unveiled the Retail Direct Mobile App, the … Read more