Kabra Extrusion Technik Ltd. (BSE: 524109, NSE: KABRAEXTRU, ISIN: INE900B01029) and Eve Power Co. Ltd. (EVE) have agreed to collaborate on delivering advanced Battery Energy Storage System (BESS) solutions in India. In…
Month: May 2024
Demat account contribution to financial inclusion
In recent years, especially following the Covid-19 pandemic, the emphasis on financial inclusion has significantly increased globally. The pandemic highlighted existing disparities in access to financial services and underscored the urgent need…
Reliance Plans to Launch JioMart’s Under-30-Minute Delivery in June
Reliance Industries is set to enter the quick commerce sector next month, with JioMart planning to launch deliveries within 30 minutes, according to a May 29 report by the Times of India,…
Adani Group Increases Stakes in Adani Enterprises and Adani Green
Adani Group, led by Gautam Adani, increased its stakes in Adani Enterprises and Adani Green Energy in May ahead of a planned fundraising effort. Promoter entities bought 7.27 million shares of Adani…
RBI Launches Retail Direct Mobile App and Fintech Repository
On Tuesday, Reserve Bank of India (RBI) Governor Shaktikanta Das introduced three significant initiatives: the PRAVAAH portal, a retail direct mobile app, and a fintech repository. PRAVAAH (Platform for Regulatory Application, Validation,…
Adani Group is planning to enter the e-commerce and digital payments sectors, aiming to compete with Google and Reliance Industries
. The conglomerate is exploring the possibility of obtaining a license to operate on India’s Unified Payments Interface (UPI), a popular public digital payments network. Additionally, Adani is in talks with banks…
Goldman Sachs Raises India 2024 GDP Forecast to 6.7%; Anticipates RBI Rate Cut in Q4
Goldman Sachs revised upwards its forecast for India’s gross domestic product (GDP) growth for calendar year 2024 (CY24) by 10 basis points (bps) to 6.7 per cent, and expects the Reserve Bank…
Sustained Fiscal Deficit Reduction Positive for India’s Ratings, Says Fitch
Fitch Ratings stated on Monday that a sustained reduction in India’s fiscal deficit, especially if supported by durable revenue-raising reforms, would positively impact the country’s sovereign rating fundamentals over the medium term….
Flipkart receives a $350 million cash infusion from Google
Google has invested $350 million in Flipkart, valuing the e-commerce giant at $36 billion, according to a source familiar with the matter. Despite the significant investment, Google will not gain a seat…