Justice Sanjiv Khanna has been officially appointed as the next Chief Justice of India, set to take office on November 11, 2024. The announcement, confirmed by Union Minister Arjun Ram Meghwal, comes after receiving approval from President Droupadi Murmu. Justice Khanna, currently the second senior-most judge of the Supreme Court, will succeed CJI DY Chandrachud, who is retiring on November 10, 2024. This appointment follows the convention of the retiring Chief Justice recommending

The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September. This latest forecast is lower than the previous projection of 7% made by RBI Gov

In a challenging start to the first Test against New Zealand, the Indian cricket team faced a dismal defeat, getting bundled out for a mere 46 runs—marking their third lowest score in Test history. After the first Test was washed out due to rain, the second day saw India’s batting lineup crumble under overcast conditions, much to the dismay of captain Rohit Sharma. Reflecting on the disastrous decision to bat first, Rohit admitted in the post-Day 2 press conference that

Jamshyd Godrej, Chairman of the CII-Sorabji Green Business Centre, has expressed confidence that India can emulate the remarkable economic growth that China experienced in recent decades. Speaking exclusively on Wednesday, Godrej emphasized that achieving such growth rates, similar to China's average GDP growth of 9.91% from 1979 to 2010, is within India's reach. However, he stressed the need for enhanced coordination between Indian industries and the government in policymaking.

In a recent press conference ahead of the first Test against New Zealand in Bengaluru, India’s Test and ODI captain Rohit Sharma shared concerning news about pacer Mohammed Shami's rehabilitation. Addressing questions from the media, Rohit indicated that Shami is unlikely to travel with the team for the five-match Border-Gavaskar Test series in Australia due to fitness issues. Shami has been sidelined from cricket since the 2023 ODI World Cup, and despite previous optimism

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.