India’s Budgeting: A Look at the Process and Legal Mandates
The budget is an annual financial statement of the government’s revenues and expenditures for a financial year. It is a crucial document that reflects the government’s priorities, policies and programmes. The budget also serves as a tool for accountability, transparency and fiscal discipline. Process of Budgeting The process of budgeting in India involves several stages, […]
Ram Mandir Pran Pratishtha: Gold and Silver Memorabilia in High Demand
The consecration of the Ram Mandir in Ayodhya, scheduled for January 22, 2024, has sparked a surge in demand for gold and silver memorabilia related to Lord Ram and the temple. Despite the high prices of the precious metals, devotees are purchasing these items to express their faith and devotion, as well as to bring […]
Margin Dispute: Hindustan Unilever vs Distributors
Hindustan Unilever faces distributors’ boycott over margin dispute Hindustan Unilever Ltd (HUL), India’s largest consumer goods company, is facing a boycott from its distributors over a change in its margin structure. The distributors claim that the revision will reduce their earnings and jeopardize the distribution network. HUL says that the new model will improve service […]
Gautam Adani: Turning Hindenburg Report into an Opportunity
A year ago, Gautam Adani, the founder and chairman of Adani Group, faced one of the biggest challenges of his career. A US-based short-seller, Hindenburg Research, published a report accusing him and his conglomerate of fraud and stock price manipulation. The report claimed that Adani had inflated his net worth by over $100 billion in […]
AIBI’s 9 Initiatives: A New Dawn for Investors and Merchant Bankers in India
The Association of Investment Bankers of India (AIBI) has unveiled nine game-changing initiatives to boost investor awareness, merchant banker’s capacity building and ease of capital formation in India. The initiatives were launched at AIBI’s Annual Convention 2023-24, which was centered on the theme ‘Ease of Capital Formation’ in India. The convention was attended by Ms. […]
Red Sea Turmoil Triggers 20-25% Hike in Marine Insurance
The Red Sea crisis has triggered a 20-25% hike in marine insurance premiums, as shipping companies face increased risks of attacks by Houthi rebels in Yemen. The conflict has also disrupted global trade, forcing some vessels to reroute around Africa and adding to inflationary pressures. What is the Red Sea crisis? The Red Sea is […]
Ayodhya Ram Mandir: An Economic Catalyst for Infrastructure and Stocks
The Ram Mandir in Ayodhya, Uttar Pradesh, is not only a symbol of faith and devotion for millions of Hindus, but also a potential driver of economic growth and development in India. The temple, which was inaugurated by Prime Minister Narendra Modi on January 22, 2024, is expected to attract millions of pilgrims and tourists […]
The Kenko Life: Bangalore’s Healthy Meal Service Wins Angel Investment
If you are looking for a healthy meal service in Bangalore that can cater to your specific dietary needs and preferences, you might want to check out The Kenko Life. The startup, founded by Neeraj Kumar and Vivek Chandran, provides customized meals to match one’s protein, calorie, and macro requirements, without compromising taste. Their dedicated […]
Ayodhya: Emerging as India’s Top Tourist Attraction
Ayodhya, the birthplace of Lord Ram and the site of the newly inaugurated Ram temple, is poised to become one of India’s top tourist attractions. According to a report by Jefferies, the town could attract up to 50 million domestic and international visitors annually, generating revenues of $10 billion for the local economy . The […]
Vikas Lifecare Secures 60% Stake in Dubai Firm
Vikas Lifecare Ltd (VLL), an Indian company that recycles plastic waste into industrial products, has announced that it will acquire 60% stake in SKY 2.0 Club, the largest nightclub in the Middle East and Asia, for USD 79 million (around Rs 650 crore). The deal is expected to be completed in the current financial year. […]