Google Invests $350 Million in Walmart-Owned Flipkart Investment Details Google has made a significant move by investing $350 million in Flipkart, the Walmart-owned e-commerce giant, as part of a broader $1 billion funding round. This infusion of capital is a strategic step aimed at bolstering Flipkart’s growth and technological advancements, positioning the company favorably for…
RBI Lowers Margin Funding Limits to 30% from 50% The Reserve Bank of India (RBI) has recently announced a significant change in margin funding limits, reducing it from 50% to 30%. This alteration is expected to have far-reaching implications on various sectors, particularly in the financial markets. Here’s a comprehensive overview of the development: Introduction…
RBI Expands Gold Hedging Options for Residents Amidst Price Surge The Reserve Bank of India (RBI) has recently announced an expansion in gold hedging options for residents amidst a significant surge in gold prices. This move comes as a response to the growing demand for hedging mechanisms among residents to mitigate risks associated with gold…
MUFG to Acquire 20% Stake in HDB Financial Services, Valuing at $9-10 Billion Pre-IPO In a significant move, Mitsubishi UFJ Financial Group (MUFG) has announced its plans to acquire a 20% stake in HDB Financial Services, a subsidiary of HDFC Bank. This strategic investment is set to value HDB Financial Services at approximately $9-10 billion…
PepsiCo to Invest $400 Million More in Two New Plants in Vietnam PepsiCo, the global beverage and food giant, has announced its plans to further strengthen its presence in Vietnam by investing an additional $400 million in establishing two new plants. This strategic move underscores PepsiCo’s commitment to expanding its operations in the Southeast Asian…
Apple’s Ambitious Plans: Boosting Production in India Fivefold to $40 Billion Over the Next 4-5 Years Apple Inc., the tech giant known for its iconic iPhones and cutting-edge technology, has set its sights on a significant expansion in India. In a strategic move, the company is planning to increase its production in India fivefold, aiming…
Centre Appoints R. Doraiswamy as LIC Managing Director The recent appointment of R. Doraiswamy as the Managing Director of Life Insurance Corporation of India (LIC) marks a significant development in the financial sector of the country. This decision has far-reaching implications, not only for the insurance industry but also for aspirants preparing for various government…
India Russia Business Dialogue 2023: Boosting Economic Ties The India-Russia Business Dialogue 2023 was held in New Delhi on April 28, 2023. The event was organized by the Confederation of Indian Industry (CII) in partnership with the Ministry of Commerce and Industry, the Government of India, and the Ministry of Economic Development of the Russian…
India-Spain Joint Commission for Economic Cooperation The 12th session of the India-Spain Joint Commission for Economic Cooperation was held in New Delhi. The meeting was co-chaired by the Union Minister of Commerce and Industry, Piyush Goyal, and the Minister of Industry, Trade and Tourism of Spain, Reyes Maroto. The meeting aimed to enhance bilateral economic…
Bahrain Golden License : Bahrain Launches “Golden License” to Attract Large-Scale Investment Projects Bahrain has launched a new initiative called “Golden License” to attract large-scale investment projects. The initiative aims to streamline the investment process and provide more flexibility to investors. It is a step towards boosting the country’s economy by attracting more foreign investment….
