India Becomes the Leading Exporter of Litchis in the World India’s Achievement in Litchi Export India has achieved a significant milestone by becoming the world’s largest exporter of litchis. This tropical fruit, known for its unique flavor and nutritional benefits, has gained popularity in global markets, boosting India’s agricultural export portfolio. The country’s favorable climate,…
Wipro Launches Lab45 AI Platform to Boost Efficiency Across Business Functions Wipro, a global leader in information technology, consulting, and business process services, has launched its latest innovation, Lab45. This AI-driven platform is designed to enhance efficiency across various business functions. Named after Wipro’s innovation lab, Lab45, the platform is a testament to Wipro’s commitment…
RBI Imposes Business Restrictions on Edelweiss Group Overview of RBI’s Action The Reserve Bank of India (RBI) has imposed significant business restrictions on Edelweiss Group’s lending and asset reconstruction entities. This move aims to address concerns related to loan manipulation and structured transactions that allegedly circumvented regulatory norms. Edelweiss Asset Reconstruction Company Ltd (EARCL) and…
Reliance Industries Strikes Deal with Rosneft for Rouble Payments Reliance Industries Limited (RIL), the conglomerate led by India’s richest man Mukesh Ambani, has recently made headlines with its strategic move involving Russia’s Rosneft Oil Company. The deal entails a significant shift in payment mechanisms for crude oil imports, marking a milestone in the energy sector….
Smartphones Become India’s Fourth Largest Export Item with 42% Growth Introduction India has achieved a significant milestone by making smartphones its fourth-largest export item, with an impressive 42% growth in the fiscal year 2023-24. This surge underscores the country’s evolving position in the global technology market. Significant Growth in Smartphone Exports In FY24, smartphone exports…
IOCL Exports Premium Fuel XP100 to Sri Lanka Indian Oil Corporation Limited (IOCL) has recently initiated the export of its premium-grade fuel, XP100, to Sri Lanka. This marks a significant milestone in India’s energy sector, reflecting both technological advancement and international collaboration. XP100, a high-octane fuel, is known for its superior quality and performance, catering…
Tata Motors Partners with Bajaj Finance to Enhance Dealer Financing Options Tata Motors, one of India’s leading automobile manufacturers, has recently entered into a strategic partnership with Bajaj Finance to bolster its dealer financing options. This collaboration aims to provide enhanced financial solutions to Tata Motors’ dealer network across the country. The partnership entails Bajaj…
Sanjiv Puri Elected CII President for 2024-25: A Leadership Transition Leadership Transition at CII Sanjiv Puri, Chairman and Managing Director of ITC Ltd., has been elected as the President of the Confederation of Indian Industry (CII) for the term 2024-25. He succeeds R Dinesh, the Chairman of TVS Supply Chain Solutions. This significant leadership transition…
Bank of Maharashtra Leads PSU Banks in FY24 Business Growth Impressive Growth Figures The Bank of Maharashtra has outperformed its peers in the public sector undertaking (PSU) banking sector, achieving the highest business growth in the financial year 2023-24. The bank reported a remarkable increase in its total business, which includes both deposits and advances….
India and Britain Reaffirm Commitment to FTA at Annual Strategic Dialogue Key Discussions and Progress During the annual UK-India Strategic Dialogue in London, India and the UK reiterated their commitment to a Free Trade Agreement (FTA), aiming to enhance economic cooperation. This dialogue marks the 14th round of talks since the initial discussions began, with…
