For the first time in years, the observance of International Mother Language Day at the Bangladesh Deputy High Commission office in Kolkata was marked by restricted participation, with Indian attendees, including Bengalis from the city and West Bengal at large, being barred from the event. This move, reportedly directed by the interim government in Dhaka,…
In a significant business move, billionaire Mukesh Ambani’s Jio Financial Services has partnered with global asset management giant BlackRock to launch a joint venture, Jio BlackRock, aimed at providing asset management services in India. The venture has named Sid Swaminathan, a 20-year veteran in the asset management arena, to lead the initiative. *Leadership and Team*…
India’s foreign exchange reserves witnessed a decline of USD 2.54 billion, bringing the total to USD 635.721 billion for the week ending February 14, according to the Reserve Bank of India (RBI). This drop halts a three-week rising streak during which the reserves had increased by USD 7.654 billion to USD 638.261 billion. Historical Context…
India’s foreign exchange reserves experienced a significant drop of USD 2.54 billion, bringing the total to USD 635.721 billion for the week ending February 14, according to the Reserve Bank of India (RBI). This decline snaps a three-week rising streak, during which the reserves had increased by USD 7.654 billion to USD 638.261 billion. Historical…
Swiggy Ltd. has announced a significant investment of ₹1,000 crore in its wholly owned subsidiary, Scootsy Logistics Pvt. Ltd., to support its business expansion. The board of Swiggy approved this investment, which will be made in one or more tranches through a rights issue, according to an exchange filing on Friday. Investment Details The approved…
Adani Electricity Mumbai Limited (Adani Electricity) has been recognized as India’s premier power utility by the Ministry of Power (MoP), excelling in two independent assessment areas: Performance Excellence and Customer Service Excellence. The company announced this achievement in a statement on Friday. Top Ratings and Recognitions For the third consecutive year, Adani Electricity has secured…
Prime Minister Narendra Modi is set to release the 19th instalment of the PM-KISAN scheme on Monday, transferring around ₹22,000 crore directly to the bank accounts of 9.8 crore farmers. This initiative is part of the government’s ongoing effort to enhance the income of the farming community. Scheme Details Under the PM-KISAN scheme, each beneficiary…
India will soon begin discussions on a trade pact with the United States under the Donald Trump administration, which could potentially be the ‘mother of all deals,’ Commerce and Industry Minister Piyush Goyal announced on Friday. Addressing the Invest Kerala Global Summit, Goyal stated that the proposed agreement would symbolize a robust engagement with the…
Rail Vikas Nigam Limited (RVNL) has been awarded the status of the Lowest Bidder (L1) for a significant project by South Western Railway, the company announced on Friday. The project involves the “Engineering, Procurement, and Construction (EPC) for the design, supply, erection, testing, and commissioning of the 2×25 KV Overhead Electrification (OHE) and Power Supply…
Zerodha co-founder Nithin Kamath has weighed in on the debate sparked by Pullela Gopichand’s recent remark that “unless you are rich, don’t make your child a sportsperson.” While acknowledging Gopichand’s concern, Kamath offered a different perspective, emphasizing that passion and adaptability matter more than financial background. Kamath’s Perspective In a post on X (formerly Twitter),…
