India’s Fiscal Strategy: Rs 30,000 Crore Government Securities Auction Set for December 1
The Indian government has planned to auction government securities valued at Rs 30,000 crore on December 1, 2023, as part of its borrowing program to meet funding needs.
Empowering Uber’s Driver Partners: The Launch of Uber Pro in India
Uber Pro is structured around four tiers: Blue, Gold, Platinum, and Diamond, with Diamond being the highest. Drivers start at the Blue tier and can progress to higher tiers by earning points from completed trips and meeting specific performance criteria, such as maintaining high app ratings and minimizing trip cancellations.
November 26: Marking India’s White Revolution and National Milk Day
In recognition of these achievements and to honor Dr. Kurien’s contribution, India celebrates National Milk Day on November 26 each year. This day commemorates Dr. Kurien’s birth anniversary and has been observed since 2014.
India’s Mobile Manufacturing Milestone: 99.2% Made in India
This growth is reflected in the significant decrease in import dependency; from being 78% import-dependent in 2014, India has achieved a remarkable milestone where 99.2% of all mobiles sold in the country in 2023 are ‘Made in India’.
From Rejection to Approval: Zaakpay’s Journey to Becoming an RBI-Approved Payment Aggregator
Zaakpay’s journey to obtain this approval was challenging and spanned over two years. MobiKwik initially applied for the PA license for Zaakpay in 2021, but the application was denied by the RBI.
IOC Marks Major Milestone with Rs 148 Crore Mercator Petroleum Acquisition
Indian Oil Corporation (IOC), a state-owned enterprise, has completed the acquisition of Mercator Petroleum Limited (MPL) for about Rs 148 crore through an insolvency proceeding.
2024 Expansion Blueprint: Bank of Maharashtra to Open 250 New Branches
By the end of 2024, the Bank of Maharashtra aims to expand its network to 2,500 branches.
Transforming India by 2047: NITI Aayog’s Blueprint for Development
The target is to reach a USD 30 trillion economy with per-capita income between USD 18,000 and 20,000, supported by strong public finances and a robust financial sector.
“Electrifying Urban Mobility: InterGlobe and Archer’s 2026 Air Taxi Initiative
InterGlobe Enterprises, a renowned travel and hospitality conglomerate in India, has announced a strategic collaboration with Archer Aviation Inc., a leader in electric vertical takeoff and landing (eVTOL) aircraft, to launch an all-electric air taxi service across India.
APEDA and Lulu Hypermarket Unite to Elevate Indian Agri-Exports to the GCC
This strategic partnership leverages Lulu Group’s extensive presence not only in the GCC but also in Egypt, India, and the Far East, with 247 LuLu stores and 24 shopping malls in operation.