India's wholesale inflation experienced a notable increase in September, driven largely by rising food prices, as reported by the Ministry of Commerce and Industry. The Wholesale Price Index (WPI) climbed by 1.84% compared to 1.31% in August on a year-on-year basis. This uptick in inflation comes amidst a broader context of economic fluctuations. The inflation rate for manufactured products, which constitutes a significant portion of the index, saw a slower growth rate of 1% in

The past week was significant in shaping India's economic narrative, marked by the death of industrialist Ratan Tata and shifts in monetary policy. Ratan Tata's Passing and Noel Tata's Appointment: India mourned the loss of Ratan Tata, the revered former chairman of Tata Sons, who passed away at 86. In a board meeting, Noel Tata was appointed as the new Chairman of Tata Trusts, a pivotal moment in the continuity of the Tata legacy. Noel, wh

India's benchmark equity indices closed lower for a second consecutive week on Friday, as market sentiment was dampened by losses in major stocks such as Titan Co. and Tata Steel Ltd. On Friday, the Nifty index slipped by 0.10%, or 24.15 points, finishing at 24,974.3, while the Sensex declined by 0.22%, or 176.01 points, closing at 81,435.40. The decline was attributed to the performance of banking stocks and Tata Consultancy Services Ltd., which contributed significantly to the

India's benchmark equity indices, the Nifty 50 and the Sensex, snapped their six-session losing streak on Tuesday, posting gains despite a downturn in most global markets. This rally was primarily driven by heavyweight stocks, including HDFC Bank Ltd., Infosys Ltd., and Reliance Industries Ltd., as investors await the outcome of the upcoming monetary policy committee meeting set for Wednesday. The Nifty 50 index closed up by 0.88%, or 217.40 points, ending the day at 25,013.15,

The 2024 Fairwork India Ratings have revealed a concerning trend for major ride-hailing platforms Uber and Ola, as well as logistics startup Porter, which continue to lag at the bottom of the index designed to assess the fairness with which companies treat their gig workers. In stark contrast, Tata-owned BigBasket, Zomato, Swiggy, and Urban Company topped the ratings, mirroring last year's results. This year's study evaluated 11 platforms, including Amazon Flex, BluSmart, Fl

Maldives President Mohamed Muizzu's state visit to India represents a pivotal moment in the relationship between the two nations, particularly following recent diplomatic tensions caused by derogatory remarks made by Maldivian ministers about Prime Minister Narendra Modi. During his visit, President Muizzu proposed a Rs 3,000 crore currency swap deal aimed at bolstering the Maldives' foreign exchange reserves amid ongoing economic challenges. Foreign Secretary Vikram Misri b

In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro

The Tata Group is making significant strides into the semiconductor industry, as Chairman N Chandrasekaran announced plans to establish new manufacturing facilities in various locations across India, including Assam and Ozhur in Kerala. Chandrasekaran emphasized the group’s commitment to building a robust semiconductor ecosystem in the country. The main facility, a semiconductor fabrication plant (Fab), is under construction in Dholera, Gujarat. This state-of-the-art facility

In a significant update for Indian nationals in China, the Indian Embassy in Beijing has mandated that all citizens residing in the country must register with the mission to avail themselves of future consular services. This advisory, issued on Thursday, is particularly important for students and other expatriates who require assistance from the embassy. To streamline the process, the embassy has provided multiple options for registration. Indians can reg

On Thursday, Pakistan's government announced that it would need to endure "transitional pain" following the International Monetary Fund's (IMF) approval of a new $7 billion relief package aimed at stabilizing its faltering economy. While the nation's economy has shown signs of stabilization since narrowly avoiding default last summer, it remains heavily reliant on IMF bailouts and support from friendly countries to manage its substantial debt, which consumes nearly half

India made history on Sunday as both its men's and women's chess teams secured their maiden gold medals at the 45th Chess Olympiad. In a stunning display of skill and strategy, the men's team triumphed over Slovenia, while the women's team dominated Azerbaijan, marking a monumental achievement in Indian chess. In the final round, the men's team showcased their prowess as D Gukesh, Arjun Erigaisi, and R Praggnanadhaa all claimed victories. Gukesh, facing Vladimir

Air Marshal Amar Preet Singh has been appointed as the next Chief of the Air Staff, effective September 30, 2024. This significant transition will see him succeed the outgoing Chief, Air Chief Marshal Vivek Ram Chaudhari, who will demit office on the same day. Currently serving as the Vice Chief of the Air Staff, Singh brings a wealth of experience to this pivotal role. Commissioned into the Indian Air Force in 1984, Singh’s career spans sever

In a recent statement, Priyanka Gandhi Vadra expressed her disappointment that Prime Minister Narendra Modi did not personally respond to a letter from Congress chief Mallikarjun Kharge. Instead, Modi delegated the task to BJP President JP Nadda, whose response she characterized as "inferior and aggressive." This incident has sparked a broader discussion about the current state of politics in India, which Gandhi described as being rife with "poison." Kharge's

Canada's Prime Minister Justin Trudeau recently announced a strategic move to reduce the number of international study permits granted to foreign students, aiming to curb the rising population of temporary residents in the country. As part of this initiative, the government will decrease the number of study permits by 35% this year, with plans for an additional 10% cut next year. This decision underscores the government's intent to crack down on abuses of the immigration system.

HDFC Bank Ltd, India's largest private sector lender, is set to sell ₹9,062.38 crore worth of car loans, amounting to 1,08,711 loans, as part of its strategy to address its increasing credit-deposit ratio. The bank will execute this sale using a financial instrument known as 'pass-through certificates' (PTCs), which provide fixed income to holders from a pool of assets like loans. According to insiders, this transaction may represent the largest PTC sale in India to date.

In the ongoing 1st Test between India and Bangladesh, Hasan Mahmud has put on an impressive display, claiming his fourth wicket by dismissing Rishabh Pant for 39 runs. His fiery bowling has created significant trouble for the Indian batting lineup. Following Pant's exit, wicketkeeper-batter KL Rahul has joined Yashasvi Jaiswal at the crease, who is currently standing strong and has reached his half-century. With India at four wickets down, both Rahul and Jaiswal are focused on b

The Union Cabinet has given the green light to the controversial 'One Nation, One Election' initiative, which aims to conduct simultaneous Lok Sabha and Assembly elections across India. This decision follows the acceptance of a report by a panel led by former President Ram Nath Kovind. The panel emphasized the need for synchronized polls, stating that doing so would streamline the electoral process and optimize resources. Despite the backing from the ruling Bharatiya Janata

Introduction to the Proposal: The concept of 'One Nation One Election' has garnered significant attention under the NDA government. Prime Minister Narendra Modi has previously noted that frequent elections impact economic development negatively. Building on this, Union Minister Amit Shah has confirmed the government's intention to implement this reform by the end of their third term, potentially starting in 2029. Detai

Gautam Gambhir, a celebrated figure in Indian cricket, has worn many hats throughout his career—as a key player in World Cup victories, a successful IPL captain, and now, as the coach of the Indian cricket team. His straightforward and impactful approach is well-regarded, and a recent anecdote from domestic cricketer Manan Vohra highlights how Gambhir’s philosophy has influenced players. In a candid conversation shared on Taruwar Kohli’s YouTube channel, Vohra reco

Rescue of Indian Nationals: Forty-five Indian citizens who were illegally inducted into the Russian army and forced to fight in the Ukraine conflict have been rescued and discharged from military service, according to the Indian Ministry of External Affairs. The rescue operation was part of ongoing efforts to address the plight of Indian nationals who had been misled into joining the Russian military. The Ministry also reported that fifty more Indi