BUSINESS

India Records 455 Deals Valued at $25.6 Billion in First Quarter of the Year: Report
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The media and entertainment vertical emerged as the leader of deal value. However, the retail and consumer vertical remained the leader in terms of deal number.
PM Modi lifted 400 million Indians out of poverty, says JP Morgan CEO Jamie Dimon
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Dimon said that Modi is a tough administrator, breaking down antiquated bureaucratic systems. He lauded the Prime Minister's role in breaking down the antiquated bureaucratic structures; something he feels lacks in some parts of the US.
RBI Identifies 6 Key Drivers Fueling India's Rise to Third Largest Economy
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In terms of purchasing power parity (PPP), India already holds the third position globally. However, according to the OECD, by 2045, India is expected to surpass the US in PPP terms, becoming the second-largest economy worldwide.
RBI Forecasts India's GDP Growth Exceeding 7 Percent
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The bulletin underscores the favorable conditions paving the way for a sustained upward trajectory in India's real GDP growth. This optimistic outlook is underpinned by robust investment demand and a buoyant atmosphere among businesses and consumers alike.
India Requests Information from Singapore, Hong Kong Food Regulators Regarding MDH, Everest Masala Ban
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The Ministry of Commerce has taken proactive steps by directing Indian embassies in Singapore and Hong Kong to compile comprehensive reports on the matter. Additionally, the ministry has reached out to the respective Indian companies, MDH and Everest, urging them to furnish detailed information regarding the alleged presence of the pesticide 'ethylene oxide' exceeding permissible limits in their products.
Ramdev and Balkrishna Offer Unreserved Apology for Missteps to Supreme Court
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During the hearing presided over by Justices Hima Kohli and Ahsanuddin Amanullah, their legal representative was directed to furnish the apology published in newspapers within a span of two days.
Unlocking Entrepreneurial Success: Narayana Murthy's Insights on Speed and Competitive Edge
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According to Murthy, anyone can embody the entrepreneurial spirit by fostering a mindset geared towards efficiency and innovation. He emphasized the significance of continuously striving to enhance processes, reduce costs, and deliver superior outcomes. Murthy's message resonated with the audience as he underscored that in essence, we all possess the potential to be entrepreneurs.
India's Q1 Sees Surge in VC Investments and Deals Amid Global Downturn: Report
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The fintech sector continued to draw considerable interest, although with smaller investments per deal, as highlighted in the KPMG Private Enterprise Venture Pulse report.
Government to Auction Rs 32,000 Crore in Bonds on April 26
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The auction will feature two tranches: the first is a Rs 20,000 crore issuance of "7.1 per cent Government Security 2034", and the second is a Rs 12,000 crore issuance of "7.46 per cent Government Security 2073".
Reliance Industries Hits Historic Rs 1 Lakh Crore Milestone in Pre-Tax Profits
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In its latest financial disclosure to the stock exchange, the diversified conglomerate reported a consolidated net profit of Rs 18,951 crore, or Rs 28.01 per share, for the quarter ending March 2024. This is slightly down from Rs 19,299 crore, or Rs 28.52 per share, in the same period the previous year.
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