August 23, 2024August 23, 2024 According to the Global Trade Research Initiative (GTRI), the United States became India’s primary trading partner in the first half (H1) of this year. At the same time, India experienced its largest trade deficit of USD 41.6 billion with China during this period. The GTRI…
August 22, 2024August 22, 2024 In July, India surpassed China as the largest importer of Russian oil as the Chinese refiners reduced purchases due to lower profit margins from fuel production. Russian crude oil made up an unprecedented 44% of total imports to India last month, amounting to 2.07…
An NFO, or New Fund Offer, is when an Asset Management Company (AMC) or mutual fund introduces units of a fund to the public for a limited time. By participating in an NFO, investors can benefit from the fund’s growth potential at a given price. NFOs typically have defined goals, strategies, and asset allocations. If…
India witnessed a massive doctors strike on August 17, 2024, as medical professionals nationwide united in response to the horrific rape and murder of a fellow doctor. This doctors strike, one of the largest in recent memory, saw over one million healthcare workers refusing to provide non-emergency services, causing a significant disruption in medical care….
Google (NASDAQ: GOOGL) has started production of its first batch of made-in-India Pixel 8 smartphones, significantly boosting India’s ambition to become a global tech manufacturing powerhouse. “Excited to announce that the first of our Made in India Google #Pixel8 devices have started rolling off the production lines,” Google India said on X, after about 10…
The recent Hindenburg allegations have sent shockwaves through India’s financial landscape. Investors are now questioning the stability of the Indian stock market. The U.S.-based short-seller, Hindenburg Research, targeted not just a specific company this time but the very heart of India’s regulatory framework. By accusing the Securities and Exchange Board of India (SEBI) of potential…
August 14, 2024August 14, 2024 Swiggy has introduced Swiggy UPI, a new feature simplifying its users’ in-app payment process. By incorporating the UPI Plugin solution from the National Payments Corporation of India (NPCI), Swiggy aims to minimize friction during checkout and improve customer satisfaction. Swiggy UPI enables users to…
India is poised to narrow the gap with China in MSCI Inc.’s gauge for developing nations. Analysts from firms including Smartkarma and IIFL Securities Ltd. expect India’s weight in the MSCI Emerging Markets Index to rise by at least one percentage point following the index provider’s review this week. This would bring the country almost…
August 9, 2024August 9, 2024 The Bangladesh crisis has compounded issues for Indian onion exporters, already struggling due to export restrictions and a 40% duty. Despite the border reopening, exports remain hampered, with losses of Rs 10,000 crore in 2023. Traders face continued uncertainty and potential further losses as…
The investor protection fund is designed to “compensate users for losses incurred in extremely rare scenarios such as security breaches” and at the start it will hold nearly $6 million (INR 50 crore), which comes solely from “our profits,” Gupta said. Source link