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The Business Reform Action Plan (BRAP) 2020 report was presented in front of Piyush Goyal, the Hon’ble Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, by Union Minister of Finance and Corporate Affairs Nirmala Sitharaman. Gujarat was identified in this study as one of the “Top Achievers” among all the […]
In a bid to recalibrate business priorities, Byju’s has opted the downsizing route. The online education provider has allegedly laid off 2,000 employees across its group companies as the unicorn looks to mitigate the effects of slowing demand after two years of hypergrowth, according to Indian media reports. The Byju Raveendran-led edtech platform has laid […]
Notwithstanding all the boost, GIFT City and several mega-crore projects launched in Gujarat, a recent report indicates that the state is lagging behind in development. The “trouble-shooter report” also lists ways to remedy the ills and effect an upward shift in the next five years. The detailed study, prepared by 12 senior IAS officers and […]
The Hurun Research Institute on Tuesday identified 122 future Unicorns in India from 25 cities as a part of the ASK Private Wealth Harun India Future Unicorn Index 2022. According to the list, Bengaluru is still the unicorn capital of India, with 46 unicorns, followed by Delhi NCR and Mumbai, which have 25 and 16 […]
The Goods and Services Act (GST) regime was introduced on the midnight of June 30, 2017, as suddenly as demonetisation was announced in November the previous year, but exactly five years down the line its complicated structure continues to flummox businessmen across the spectrum. It isn’t without reason that Supreme Court judge JB Pardiwala […]
Isha Ambani has been named chairman of the Reliance conglomerate’s retail unit in another sign that her father, Mukesh Ambani, is pushing ahead with a plan for succession in one of Asia’s richest families. Isha Ambani’s promotion follows that of her twin brother, Akash Ambani, who was appointed on Tuesday as Chairman of Reliance Jio […]
According to a report, nearly 39 percent of millennials own cryptocurrencies, which is higher than the percentage of those who own mutual funds and roughly equal to the number of millennials who own individual stocks. In the study conducted by the investment firm Alto, millennials between the ages of 25 and 40 who own cryptocurrencies […]
The rupee fell to a new low against the US dollar on Wednesday, as domestic stock markets fell and foreign investors continued to sell Indian equities. The Rupee depreciated 18 paise to close at a record low of 79.03 against the US dollar, at 79.03/$1 on Wednesday. During the Session, the rupee touched an all-time […]
The Maharashtra government’s Energy Department signed an MOU with Adani Green Energy Group Ltd (AGEL) to generate 11000 MW of green power over the next five years. According to a government statement, it would require an investment of Rs 60,000 crore and would employ 30,000 people. According to the agreement, AGEL will establish Pumped Storage […]
Three in five snacks sold in India are Western. Overall, the organized Indian snacks market stands at ₹41,000 crore. But the desi namkeen segment has been losing out on their market too due to four factors: flavours, pricing, consistent availability and convenience of buying of Western brands. India’s traditional snacks have lost their market share […]
A Gujarati Teen, who was missing, was located by police wandering around the Ajmer Dargah area in a disorganised state. According to reports, an inquiry revealed that the teenager had been tricked by some hackers on the dark web, causing the loss of roughly Rs 5 lakh from his mother’s account. About Teen: The 17 […]
The Reliance Jio board of directors approved the appointment of non-executive director Akash Ambani as chairman of the company’s board on Tuesday, according to a statement from the company. Mukesh Ambani, the chairman of Reliance Industries and Akash Ambani’s father, resigned as a director of the telecom giant on June 27. The announcement comes just […]
As monsoon arrives, distress shadows around Assam. On 27th June, eight more people died in the ruinous Assam floods. Additionally, 21 lakh people were affected and distressed because of the flash flood. Around eight deaths occurred during the day, including five from the Cachar district and one from Kamrup Metro, Morigaon, and Nagaon. They added, […]
Business Tycoon Pallonji Mistry, the former head of Shapoorji Pallonji Group, passed away at age 93. Industrialist passed away at his Mumbai residence on June 27, Monday night. Until Pallonji announced his retirement and the succession of his son, Shapoor Mistry, in 2012, the company’s wheels were in the hands of the founder, Pallonji Mistry’s […]
Adani Group yesterday said that it had successfully achieved financial closure for Phase-1 of the Kutch Copper Limited (KCL) project, by raising the entire debt of Rs6071 Crores through a consortium of banks led by State Bank of India. The other consortium members are Bank of Baroda, Canara Bank, EXIM Bank of India, Indian Bank, […]
Zomato acquired Blinkit, an online commerce company, previously known as Grofers on Friday. Before the acquisition, Zomato had a 9% stake in the startup.The acquisition which was awaiting this day for months,was finally approved for Rs 4,447 crore. The online food delivery company, Zomato will acquire around 33,018 equity shares of Blink Commerce Pvt Ltd […]
With 11,739 new coronavirus infections reported Saturday, India’s active caseload rose to 92,576, according to the Union Health Ministry data updated Sunday 8 am. In cumulative effect, the country’s tally of Covid-19 cases now stands at 4,33,89,973. Twenty-five new fatalities took the death toll to 5,24,999, noted the data. The 25 new fatalities include 10 […]
UAE-headquartered Lulu Group already has 5 malls in the country, located in Kochi, Bengaluru, Thiruvananthapuram, Thrissur, and Lucknow; and now it wants to expand more by opening outlets in Chennai, Hyderaba,d and Ahmedabad as well. In a conversation with Shibu Philips, Director- Shopping Malls, Lulu Group India, it was known that Rs 5,000 crore have been already invested for the […]
The rupee on Friday slipped 1 paisa to close at its all-time low of 78.33 (provisional) against the US dollar. On a volatile trade day, the rupee started on Friday with gains but ended at its record low, marking the third day in a row of lifetime-low close. During the day, the currency witnessed an […]
Cooperation Minister Amit Shah yesterday said that cooperative banks should adopt modern technology and transparent banking methods to stay in the competition. He said that the role of these banks in India is immense as they can give loans to the smallest section of society for its upliftment. However, currently, the contribution of urban cooperative […]
