New Delhi – In an astonishing turn of events, billionaire Gautam Adani has restored his status as Asia’s richest person, beating Reliance Industries chairman Mukesh Ambani. According to the Bloomberg Billionaires Index, Adani now ranks 11th globally with a net worth of $111 billion, surpassing Ambani, who has a net worth of $109 billion. The large…
The Reserve Bank of India (RBI) and NPCI International Payments (NIPL) have set an ambitious aim of expanding the Unified Payments Interface (UPI) to 20 countries by fiscal year 2029, according to the RBI’s FY24 annual report. This effort is scheduled to commence in fiscal year 25 and demonstrates the central bank’s commitment to expanding…
Blue Dart, a major logistics company, has announced the increase of its electric vehicle (EV) fleet to over 480 EVs, marking a significant step toward sustainability. This program is consistent with the company’s objective of reaching net-zero carbon emissions and demonstrates its attention to environmental conservation. commitment to sustainability This extension is intended to significantly…
The Indian economy grew strongly in the fourth quarter of fiscal year 2023–24, expanding by 7.8% year over year. This outstanding accomplishment was reinforced by strong government spending and resilient consumer demand, resulting in a full-year GDP growth rate of 8.2%, according to preliminary figures released on May 31. Government spending boosts economic growth. The…
In a recent ruling, the Karnataka High Court upheld the state government’s decision to cap the service charge levied by app-based auto rickshaws at 5%, bringing relief to commuters in Bengaluru. The dismissal of petitions filed by ride-hailing companies, including Uber, Ola, and Rapido, signifies a victory for the government’s efforts to regulate service charges…
Mumbai, India, Reliance Industries Limited (RIL), and Tata Group have won a coveted berth on TIME magazine’s 2024 list of the world’s 100 most influential companies, demonstrating their global impact and leadership. The Serum Institute of India has joined them on this renowned list, showing Indian firms’ robust position on the global scene. RIL: A…
Razorpay POS, the offline payments arm of fintech behemoth Razorpay, has launched a game-changing payment system called ‘Q-Zap’. This revolutionary package is intended to streamline the checkout process for offline shops, improving in-store consumer experiences while drastically reducing operating expenses. Razorpay POS’s Q-Zap technology promises to reduce billing times by 40% and save retailers up…
In a landmark legal milestone, the Delhi High Court awarded first relief to Tesla Inc., the well-known US-based electric vehicle (EV) maker led by Elon Musk, in its trademark infringement case with Gurugram-based Tesla Power. The court’s decision responds to Tesla Inc.’s worries about the sale of e-scooters branded with “Tesla Power,” which the firm…
Since Prime Minister Narendra Modi led the BJP to a clear majority in the 2014 Lok Sabha elections, the combined market capitalisation of BSE-listed companies has surged nearly fivefold, adding Rs 3,25,16,615 crore. This remarkable growth in market cap is attributed to the surge in many listed stocks and a flurry of IPO listings, totaling…
In a significant development, the Reserve Bank of India (RBI) has successfully transferred approximately 100 tonnes (1 lakh kilograms) of gold from the United Kingdom to its vaults in India, marking the first such large-scale transfer since 1991. This strategic move is aimed at reducing storage costs and diversifying the location of its gold reserves,…
