Overview With as high as about seven percent contribution to the overall GDP, and 49 percent to the manufacturing GDP while generating direct and indirect employment opportunities for its masses, and believed to be the key reason for India being the third largest economy in the world. Besides,…
Overview The Indian Banking industry has been a key pillar of growth with an active GDP contribution of up to around 12%, but it has promoted financial inclusion through various initiatives targeted to bring the country’s underbanked population under the banking gamut. Counted among the most stable banking…
Overview The Indian Cement Industry has been a pillar of strength in nation-building along with Industries like Steel and Iron Industries in India. Not only do they form a significant chunk of the Country's GDP, but they also have been instrumental in infrastructure building as well as employment…
Verlinvest Asia Exits Sula Vineyards: Cheers or Tears for Indian Winemaker? Verlinvest Asia, a key investor in Indian winemaker Sula Vineyards, is moving ahead to a full exit. The Belgian firm is offloading its remaining 8.34% stake, marking a complete departure from the company it helped build over…
India's Monetary Policy Committee decided to keep the benchmark repo rate unchanged for the sixth straight meet even as food inflation concerns persist while economic activity stays resilient. The MPC decided: To keep the repo rate unchanged at 6.5% by a 5:1 majority. The standing deposit facility rate,…
Macroeconomic stability and inclusive growth are essential for a country's progress. India's policy mix has fostered macroeconomic and financial stability, and the external sector remains manageable. India is poised to become the new growth engine of the world, but it is important to remain vigilant and not give…
Mukesh Ambani, the visionary leader at the helm of Reliance Industries, delivered a compelling Annual General Meeting (AGM) speech that underscored the company's remarkable achievements and its bold ambitions for the future. Ambani proudly announced that Reliance Industries has made an astounding cumulative investment of $150 billion over…
India is celebrating its 77th anniversary of independence, and the country's economy is sound and stable. India has maintained a fair rate of growth and risen to the fifth-largest economy in the world despite global economic crises. Banks are sound, corporate balance sheets are solid, the external…
The Indian economy has shown resilience in recent years, despite facing a number of challenges. The Reserve Bank of India has played a key role in supporting the economy, and the economy has a number of strengths, including a young and growing population, a large domestic market, and…