Adani Group’s stocks took a big hit on November 21, 2024, after serious accusations of bribery and fraud came to light. US authorities have filed charges against Gautam Adani, his nephew Sagar Adani, and others. This news shook the stock market, leaving investors worried about what’s next. What Exactly Happened? The US Department of Justice…
Introduction to the PM Internship Scheme Overview of the Initiative The Prime Minister’s Internship Scheme (PMIS) is a new initiative announced in the Union Budget for the financial year 2024-25. It aims to provide internship opportunities for Indian youth in top companies, enhancing their practical skills and employability. The scheme is structured to offer internship…
Explore the competition between Swiggy and Zomato in 2024. Who’s leading in market share, and which stock should you buy for future growth? The online food delivery industry in India has seen a massive transformation over the last decade. From numerous players vying for a piece of the pie, we now find ourselves in a…
The Indian stock market faced significant pressure on November 13, 2024, as the Sensex and Nifty experienced their fifth consecutive day of losses. The BSE Sensex plunged by 984.23 points, or 1.25%, to close at 77,690.95, while the Nifty 50 lost 324.4 points, or 1.36%, settling at 23,559.05. This downward trend was primarily driven by…
India has become a major destination for foreign direct investment (FDI), attracting record inflows despite global economic uncertainties. The Department for Promotion of Industry and Internal Trade (DPIIT) reported a 15% year-on-year increase in FDI inflows in the first half of 2024, driven by the technology, manufacturing, and renewable energy sectors. Major investments have been…
India is grappling with rising inflation rates, driven by surging food and energy prices, which are putting a strain on household budgets and industrial costs. According to the Ministry of Statistics and Programme Implementation, retail inflation jumped to 6.8% in October, exceeding the Reserve Bank of India’s (RBI) comfort zone. Food inflation, particularly in essential…
Amid global economic uncertainties, India’s GDP growth forecast for the financial year 2024 has been revised by various economic institutions. The International Monetary Fund (IMF) recently adjusted India’s growth outlook to 6.3%, reflecting concerns over a slowing global economy and the effects of tighter monetary policies worldwide. The Reserve Bank of India (RBI) has also…
