S&P Global Ratings raised India’s GDP growth forecast to 6.5% for the fiscal year, citing economic resilience amid global uncertainties. This article discusses key factors influencing the forecast and implications for India’s economic outlook. Key Assumptions Behind the Forecast India’s Energy Import Dependency India’s heavy reliance on energy imports, especially crude oil, exposes it to … Read more
India’s private sector activity surged in June 2025, reaching its highest growth rate in 14 months, as per the HSBC India Flash Composite Purchasing Managers Index (PMI). The index climbed to 61 from 59.3 in May, reflecting robust economic momentum in manufacturing and services. Why in News? What is the Composite PMI? PMI June 2025 … Read more
Indian Railways has introduced a groundbreaking scheme that provides ₹1 crore in compensation to the families of employees in the case of accidental death, without any premium payment. This initiative aims to offer financial security to railway personnel and their loved ones, recognizing the risks associated with their jobs. Why in News? The scheme gained … Read more
The Consumer Price Index (CPI) in India is undergoing a significant overhaul with an expansion of the basket and a change in the base year to 2024. This update, based on the Household Consumption Expenditure Survey (HCES) 2023-24, aims to reflect current consumption patterns accurately for better economic policymaking. Key Points CPI Basket Expansion and … Read more
Vedanta Ltd announced the sale of a 1.6% stake in Hindustan Zinc for Rs 3,028 crore on June 18. Along with this stake sale, the company also declared its first interim dividend of Rs 7 per share for the financial year 2025-26. Details of the Stake Sale and Dividend Declaration Impact on Stock Prices Key … Read more
In a landmark move to bolster India’s aviation and defence sectors, Adani Defence Systems & Technologies Ltd (ADSTL), a wholly-owned subsidiary of Adani Enterprises, has announced its acquisition of an 85.8% stake in Air Works India (Engineering) Pvt Ltd. The acquisition, valued at ₹400 crore, marks a pivotal step in Adani Group’s vision to enhance … Read more
The Reserve Bank of India (RBI) has taken a significant step to support small and marginal farmers by raising the collateral-free loan limit from ₹1.6 lakh to ₹2 lakh. This change, effective from January 1, 2024, is aimed at easing financial pressures on farmers, particularly amid rising agricultural costs. What Does the New Loan Limit … Read more
TransUnion CIBIL, one of India’s leading information and insights companies, has appointed Bhavesh Jain as its new Managing Director (MD) and Chief Executive Officer (CEO). Jain succeeds Rajesh Kumar, who resigned after a successful five-year tenure. Jain’s appointment highlights the company’s commitment to driving financial inclusion and digital transformation in India. Leadership Transition at TransUnion … Read more
In a significant corporate development, Coca-Cola has sold a 40% stake in its Indian bottling arm, Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL), to Jubilant Bhartia Group. This move aligns with Coca-Cola’s global asset-light strategy. Key Details of the Deal Impact on Coca-Cola and India Remarks by Leadership Sanket Ray, Coca-Cola India’s President, welcomed Jubilant Bhartia … Read more
Elon Musk has made history by becoming the first person in the world with a net worth surpassing $400 billion (approximately ₹33,938 crores), according to the Bloomberg Billionaires Index. This extraordinary milestone comes after a major insider share sale at his aerospace company, SpaceX, boosting his wealth by about $50 billion. Elon Musk’s Wealth Surge: … Read more
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