Category Archives: Economy

LIC approves to acquire 51% stakes in IDBI Bank

The board of Life Insurance Corporation on Monday approves to invest more than Rs.12000 Crores for 51% stakes in IDBI Bank Ltd to become the largest shareholder of the bank. LIC has been looking to take step in the banking world by acquiring a majority stake in IDBI Bank. The main idea of this deal […]

Mukesh Ambani becomes Asia’s richest man, topples Jack Ma

The Chairman of India’s refining-to-refining conglomerate, Mukesh Ambani overtook Jack Ma, founder of Alibaba Group, to top the list for Asia’s richest person. A day later entering the $100 billion m-cap club, Reliance Industries Ltd. (RIL) stock continued its rally on Friday to breach the 7 lakh crores market valuation, according to Bloomberg Billionaires Index. […]

Home Minister Rajnath Singh Visits Bangladesh today

Indian Home Minister, Rajnath Singh heads to three-day visit to Bangladesh today to discuss on how to strengthen the mutual cooperation in preventing terrorism and other such issues including radicalization of youths by terror group, Anti-terror Corporation, cattle smuggling, border concerns, fake currencies, and Rohingya refugees. On Saturday, Rajnath will meet to Bangladesh Prime Minister […]

Vishakhapatnam: Nitin Gadkari to Launch Development Project Today

Union Road Transport & Highway, Shipping and Water Resource Minister Nitin Gadkari will today launch various development projects costing around Rs. 3,685.35 crores at Vishakhapatnam under the Sagarmala and Bharatmala Projects. Under this project, he will inaugurate two new post Panamax Rail-Mounted Query Cranes and allied equipment at Vishakhapatnam Container Terminal Private Limited. Gadkari is also […]

India to lose special privileges from Iran on Crude Oil imports

Iran on Tuesday criticized India for not keeping its promise of making investments in development of the strategically situated Chabahar port in New Delhi and said the country will stand to lose “special privileges” if it ends import of oil services from Iran. Deputy Ambassador of Iran Massoud Rezvanian Rahaghi said, “Iran will end the […]

PM Modi inaugurates World’s largest cellphone factory

Prime Minister Narendra Modi inaugurates the world’s largest cellphone manufacturing unit by South Korea based Samsung on Monday. South Korean President Moon Jae-In also marked his presence at the inauguration in Noida. The unit is proposed to have manufacturing capacity of 120 million phones, from its basic cell phones to Samsung’s flagship S9 model, per […]

China to provide Indian Anti-Cancer Drugs at Price Cut

On Monday, China agreed to initiate certain measures for the import of Indian anti-cancer drugs and other pharmaceuticals at discounted prices to provide greater access of the medicines to the Chinese market. Chinese got inspired after watching a Chinese movie ‘dying to survive’ based on story of leukaemia patient. The movie highlighted the concern to […]

Mark Zuckerberg becomes third richest person, Warren Buffet slips to fourth

Jeff Bezos, Bill Gates, and Mark Zuckerberg According to the reports of Bloomberg, Founder and CEO of Facebook Inc., Mark Zuckerberg jumped to third richest person on Friday with net worth of $81.6 billion. With this, Warren Buffet, the legendary investor and Berkshire Hathaway (BRKA) CEO, slipped to fourth position with net worth of $373 million, who was […]

Karnataka Budget 2018: CM presents farm loan waiver

BENGALURU: After many speculations over the proposed farm loan waiver schemes, Chief Minister H.D. Kumaraswamy on Thursday approved the proposed scheme for farmers. Under the scheme, farmers who have borrowings less than Rs.2 lakhs will get a farm loan waiver of Rs.25000. This will ease down a little burden on the state exchequer by way […]

How Monsoon will affect Indian Economy?

Monsoon season is on and verdicts have been made about how it will affect Indian economy this year. Indian economy is vitally linked to the amount of rainfall. Monsoon reached the National Capital on June 29 and within 2-3 days will cover the entire nation. Southwest Monsoon has further advanced into some more parts of […]