RBI Introduces Secured Overnight Rupee Rate (SORR) The Reserve Bank of India (RBI) recently introduced the Secured Overnight Rupee Rate (SORR) as a new benchmark for the overnight money market in India. This move aims to enhance transparency and improve the functioning of the money market, making it more robust and resilient to financial shocks….
India’s FDI Inflows Surpass $1 Trillion, Solidifying Global Investment Status India has reached a significant milestone, with Foreign Direct Investment (FDI) inflows surpassing the $1 trillion mark. This achievement highlights the country’s growing global economic stature and the confidence that international investors have in India’s market potential. FDI plays a critical role in the growth…
Adani Group to Invest $2 Billion in European Ports: A Strategic Move to Expand Global Presence Introduction to the Investment Plan Adani Group, one of India’s largest multinational conglomerates, has announced its plan to invest $2 billion in European ports. This investment is set to enhance the group’s global footprint, further solidifying its position as…
RBI Leads Global Gold Purchases with Record Reserves Surge The Reserve Bank of India (RBI) has achieved a significant milestone by leading global gold purchases, registering a record surge in its gold reserves. According to the latest data, India has added substantial amounts of gold to its reserves, positioning the RBI as one of the…
Piyush Goyal Launches ‘Ease of Doing Business’ Portal to Enhance Business Environment in India On November 29, 2024, Union Minister of Commerce and Industry, Piyush Goyal, launched a significant digital platform aimed at simplifying the ease of doing business in India. The newly launched ‘Ease of Doing Business Portal’ seeks to provide transparent, accessible, and…
PM Modi Kicks Off Historic Cooperative Conference in India On November 25, 2024, Prime Minister Narendra Modi inaugurated a historic conference focused on cooperative development in India. This high-level event, aimed at discussing and formulating strategies to strengthen the cooperative sector, brings together key stakeholders from the government, industry, and civil society. The conference also…
Tata Acquires Majority Stake in Pegatron’s iPhone Plant in Tamil Nadu Introduction: Tata’s Strategic Move in the Tech Sector In a significant development in India’s tech and manufacturing sector, Tata Group has acquired a majority stake in Pegatron’s iPhone manufacturing plant located in Tamil Nadu. Pegatron, a Taiwanese contract manufacturer, is one of the primary…
India Achieves Historic Rank in Global Patent Filings In a remarkable achievement, India has been ranked 6th globally in the World Intellectual Property Organization’s (WIPO) Patent Filings for 2023. This milestone showcases the country’s growing innovation ecosystem and its increasing contribution to global research and development. This achievement highlights India’s continued push toward becoming a…
City of Weavers: Which District of Haryana is Known for Its Rich Weaving Tradition? Haryana, a state known for its cultural richness and vibrant heritage, is home to many districts with unique identities. One such district, known as the “City of Weavers,” is Panipat. The district, renowned for its weaving industry, has earned this title…
Harsha Vardhan Agarwal to Take Over as FICCI President from Nov 21 Harsha Vardhan Agarwal, a prominent figure in the Indian business community, is set to assume the position of President of the Federation of Indian Chambers of Commerce and Industry (FICCI) starting November 21, 2024. His appointment follows the successful tenure of his predecessor,…
