Indian Cities Spearheading Cryptocurrency Investment Surge
India’s cryptocurrency landscape is witnessing a significant shift, with smaller cities rapidly emerging as new hubs for digital currency investment. Recent data reveals that tier-2 and tier-3 cities are not just focusing on popular cryptocurrencies like Bitcoin, but are also diversifying into other digital assets, marking a notable change in the country’s investment patterns. WazirX, […]
Revolutionizing Recycling: Reliance Industries’ Path to Sustainable Plastics
Reliance Industries Ltd (RIL), a leading Indian conglomerate, has made significant strides in environmental conservation by becoming the first Indian company to chemically recycle plastic waste into high-quality materials suitable for producing new plastics. This initiative is part of the company’s broader commitment to supporting a circular economy in India, where waste materials are repurposed […]
Innovation on the Road: inDrive Brings First-of-Its-Kind Insurance to Rideshare Passengers
In a recent development, inDrive, the ride-hailing platform, has announced its plans to provide insurance for commuters during their rides. This move is part of the company’s broader initiative to enhance the safety and security of its services. Launched in India in 2019, inDrive has established a strong presence in major metropolitan cities like Kolkata, […]
Snapdeal Sheds Losses, Embraces Profitability with Rs 388 Crore Revenue in FY23
New Delhi: Snapdeal, a prominent player in the e-commerce sector in India, has reported a substantial improvement in its financial performance for the fiscal year 2023 (FY23). The Gurugram-based company, known for its unique approach in the e-commerce space, has managed to significantly reduce its losses while maintaining a steady revenue flow. Key Financial Highlights […]
2023: A Milestone Year in India-UAE Multilateral Relations
In a year marked by significant diplomatic and economic advancements, the relationship between India and the United Arab Emirates (UAE) has transcended to a truly multilateral level. 2023 witnessed the strengthening of ties across various domains, including trade, defense, and multilateral cooperation, fundamentally reshaping the dynamics of the India-UAE partnership. Strategic Economic Shifts A landmark […]
Reliance in Transformation: Ambani’s Plan for a Technological and AI Revolution
Mukesh Ambani, the visionary leader of Reliance Industries Ltd (RIL), has set an ambitious goal for the company: to be ranked among the top 10 business conglomerates in the world. This declaration came during his address to the company’s employees on Reliance Family Day, an event held in honor of the group’s founder, Dhirubhai Ambani. […]
In-Depth Report: Vivo’s Alleged Scheme to Circumvent Indian Laws
The Enforcement Directorate (ED), India’s financial investigation agency, has brought to light an alleged elaborate scheme by Vivo China to circumvent Indian laws and regulations. The chargesheet filed against Vivo China and its Indian subsidiary, Vivo India, along with other associated entities, outlines a complex network created to exploit legal and economic systems in India. […]
Frauds on the Rise: Card & Internet Scams Spike, Alerting RBI and Consumers
Mumbai, India – In a recent report, the Reserve Bank of India (RBI) has shed light on the state of financial frauds during the first half (H1) of the 2023-24 financial year, unveiling some remarkable insights. The report indicates a significant decline of 85 percent in the average amount involved in frauds, while simultaneously highlighting […]
Sitharaman’s Directive: Streamlining NARCL’s Operations for a Secure Banking Future
In a recent meeting chaired by Union Finance Minister Nirmala Sitharaman, significant advancements and directives were discussed regarding the onboarding of stressed accounts by the National Asset Reconstruction Company Ltd (NARCL) and the emphasis on fraud prevention and cybersecurity in the banking sector. Key Highlights of the Meeting: Performance Review of Public Sector Banks (PSBs): […]
Rs 13.50 Crore Spent by Govt on Electoral Bond Scheme Operations
The Indian government has incurred a cost of Rs 13.50 crore for operating the Electoral Bond Scheme, as per the State Bank of India (SBI), the authorized issuer of Electoral Bonds (EBs). This expenditure includes commission, printing, and other expenses related to the management and operation of the scheme. A total of Rs 11.60 crore, […]