Credit Card usage grows, while Incomes stagnate
According to the Reserve Bank of India (RBI), credit card usage has grown to an all-time high in India. This record-high spending of borrowed money has led to speculations of…
FTC sues Amazon over Antitrust Concerns
Amazon is taken to court by the Federal Trade Commission (FTC) and 17 other States on account of practicing unfair means to protect its monopoly, on Tuesday.
Foxconn Moves Away from China by Increasing Investments in India
Foxconn, a supplier of Apple, has recently decided to boost its production of iPhones in India by 2024. As per an official from the company, their upcoming plan is to…
Fitch Maintains India’s FY24 Growth Prediction at 6.3%, Highlights Concerns About Inflation
Fitch Ratings has maintained its growth forecast for India's current fiscal year at 6.3 percent, citing the nation's remarkable economic resilience, despite the imposition of tighter monetary policies and a…
Disney Aims to Revive Indian Streaming Business with Free Cricket, Amid Subscriber Challenges
Walt Disney (DIS.N) is strategically moving to renew its streaming operations in India by offering free cricket content on smartphones. The company is wagering that this approach will boost advertising…
Reliance AGM, Visionary Plans Bring New Leadership, Innovations, and Sustainable Ambitions
Reliance Industries Limited held its 46th Annual General Meeting (AGM) on the 28th of August 2023. The meeting was conducted via video conferencing and highlighted several new plans and ambitions…
China Evergrande registered a $4.5 billion loss in the first half of the year.
China’s Everygrande group is going to restart their stock on Monday, after 17 months of suspension. This happened after the reporting of the highest debt, a real estate developer debt…
Centre imposes additional curbs on basmati rice to prevent rice exports
After imposing a 20% levy on parboiled rice, India put limitations on the export of basmati rice
20% export duty on rice; prices shake around the world
The finance ministry put out an official notification on Friday levying a sharp export duty on parboiled rice. The duty hike has taken place following the ban on the export…
Rolex Set to Acquire Bucherer, Strengthening Position as Leading Watchmaker and Retailer”
Swiss watchmaker Rolex has announced that they will be acquiring Bucherer, this will give Rolex even more control over the closely held luxury watch industry as its watches are sold.