NEWS
IMF projects India’s GDP growth at 6.3% in FY24-25
21 Dec 2023
The International Monetary Fund (IMF) has projected India’s real GDP to grow at 6.3 per cent in the current financial year (2023-24) and the next fiscal year (2024-25), supported by macroeconomic and financial stability.
CCI approves Nirma’s acquisition of 75% stake in Glenmark Life Sciences
21 Dec 2023
The Competition Commission of India (CCI) has approved acquisition of majority shareholding of Glenmark Life Sciences (GLS) Limited by the Nirma Limited.
Warner Bros. Discovery CEO explores potential deal with Paramount Global
21 Dec 2023
In a strategic move within the entertainment industry, Warner Bros. Discovery CEO David Zaslav recently engaged in talks with Paramount Global CEO Bob Bakish.
India remains on top with $125 bn inward remittances
20 Dec 2023
India continues to be the largest recipient of overseas remittances, with inward flow of $125 billion in 2023, a 12.3 per cent surge
Google to pay $700 million to Play Store users, relax app rules for 7 years
20 Dec 2023
Google has agreed to pay $700 million to users of its Play Store, following a judge’s decision in September that the tech giant is exerting illegal monopoly on Android with its Play Store and the restrictions on users.
IBM to acquire Software AG’s StreamSets and webMethods platforms for €2.13 bn
20 Dec 2023
IBM on Monday announced the signing of a definitive agreement to acquire StreamSets and webMethods technology platforms from Software AG, for €2.13 billion in cash.
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SpiceJet, 2 other entities show interest in bankrupt Go First
20 Dec 2023
Three companies, including budget carrier SpiceJet, Africa-focused Safrik Investments and Sharjah-based aviation company Sky One, have reportedly expressed interest in acquiring beleaguered carrier Go First.
Net direct tax collections up 20.66% at Rs13,70,388 crore
19 Dec 2023
Net direct tax collections so far during the financial year 2023-24 (as of 17 December 2023) stood at Rs13,70,388 crore
UPI transactions grow at a CAGR of 168% in 5 years to Rs139 lakh crore
19 Dec 2023
The value of financial transactions using the Unified Payments Interface (UPI) has grown from Rs1 lakh crore to Rs139 lakh crore in the last five years
India’s vehicle safety testing programme `Bharat NCAP’ is now operational
19 Dec 2023
Government of India's vehicle safety assessment programme, Bharat New Car Assessment Programme (BNCAP) has completed its first round of crash testing and results are expected this week or by the end of this month.
Kakrapar Atomic Power Project Unit-4 achieves criticality
19 Dec 2023
The 700 MW fourth unit of Kakrapar Atomic Power Project (KAPP) achieved criticality (start of controlled fission chain reaction) on 17 December 2023, marking the completion of the project.
India meets climate action targets 7 years ahead of time; sets goals higher
19 Dec 2023
India has surpassed the UN mandated targets of reducing emissions intensity of its GDP by 33 to 35 per cent and bringing 40 per cent of all installed electricity generation capacity under non-fossil fuel sources by 2030
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