Strategic Acquisition Improves Market Position The board of UltraTech Cement, India’s largest cement company, authorized the acquisition of a 23% share in India Cements for ₹1,885 crore. UltraTech hopes to increase its market position and grow in the Indian cement business with this strategic initiative. Acquisition Details The deal entails buying 7.06 crore India Cements…
In a landmark achievement, Bharti Airtel has become the fourth Indian company to join the prestigious $100 billion market capitalization club. This notable milestone places Bharti Airtel alongside industry giants like Reliance Industries, Tata Consultancy Services (TCS), and HDFC Bank, underscoring its formidable presence in the telecommunications sector and significant impact on India’s economic landscape….
In a remarkable display of investor confidence, the Indian stock market experienced its largest single-day gain in three years on Monday, June 6. The Sensex and Nifty 50 indices soared, marking a milestone not seen since January 2021, fueled by optimism surrounding exit poll results that forecast a decisive victory for Prime Minister Narendra Modi’s…
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 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,…
The Ministry of Micro, Small, and Medium Enterprises (MSMEs) in India is crucial to advancing economic development because it provides support to businesses of all sizes. This article highlights MSMEs’ investment and turnover criteria, looks at how they are classified, and shows how important they are to the country’s economy. Classification of MSMEs Based on…
