BUSINESS
Prime Minister Modi Commends Remarkable Growth in India's Banking Sector with Record-breaking Rs 3 Lakh Crore Profit in 2023-24
Modi was to say that it was due to the policies of the previous government that, with continuous losses and huge NPAs, the banks were virtually in a mess when his government took over.
EPFO Welcomes 14.41 Lakh New Enrollees, 57 pc are youths
Of these, a large number of 7.47 lakh are first-time entrants to the organized workforce. Of these, as many as 56.83 percent belong to the 18-25 age bracket. Obviously, the youth are the main job seekers in the organized sector, according to official statements.
Byju's Advisory Panel to See Departure of Rajnish Kumar and Mohandas Pai
Their exit from the advisory panel comes into effect on June 30, which will also bring an end to their one-year tenure with the company. A BYJU'S spokesperson informed that the decision not to extend the contractual agreement between the edtech company and Kumar and Pai was through mutual consent.
India among world's high-growing mkts; enterprise needs, innovation great fit for us: Red Hat CEO Highlights
"I think India, at this point, is one of the strongest markets in the world with its fundamentals...When I look at the opportunity in India...one, it is a high-growing market and has enterprise needs, so that is a great fit for us...Also, the core technical innovation base exists in masses in India, so being able to start that and reach the entire nation through things like open source technologies, that is what really gets me excited about India," he said.
India's Forex Reserves Soar to $644.15 Billion
This is the second consecutive week that the country's forex reserves have surged, following a preceding gain of $3.66 billion, which pushed the total to $641.59 billion for the week ended on May 3.
Sensex Surges 253 Points Following Strong Q4 Earnings Performance
Broad market indices, however, outshone the benchmarks. The Nifty Midcap 100 Index jumped 451 points or 0.88% to 51,604 points, while the Nifty Smallcap 100 Index gained 274 points or 1.65% to 16,870 points.
Porter: India Welcomes Its Third Unicorn in 2024's Logistics Landscape
As per insiders, the new round saw key individual investors acquiring shares from the ESOP (employee stock ownership plan) pool of Porter, thus taking the valuation of the company to the unicorn mark of $1 billion.
At 6.9% growth rate, India to remain world’s fastest-growing large economy in 2024: UN
“The drivers (of higher projection) are very simple: inflation has come down significantly, and that means the fiscal position is not as constrained as in other countries,” the World Economic Situation and Prospects (WESP) report said.
Explosive Growth: India's Agricultural Budget Surges Over 300% in Past Decade, Reveals FAIFA Report
During a joint press briefing with Samajwadi Party (SP) leader Akhilesh Yadav, Congress President Mallikarjun Kharge declared that the INDIA bloc would furnish 10 kg of free ration to individuals, in contrast to the NDA's offering of 5 kg.
April Sees a 25.8% Surge in India's Electronic Goods Exports Year-on-Year
April witnessed a substantial increase in India's total exports, encompassing both merchandise and services, reaching an estimated $64.56 billion, marking a significant growth of 6.88% compared to April of the previous year.
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