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In a significant move that underscores the growing demand for international travel, IndiGo, India’s largest airline, has announced a major expansion of its flight operations. Starting August 16, 2024, the airline will double its flights from Delhi to Almaty, Kazakhstan, and Tbilisi, Georgia, marking a new chapter in its international connectivity. Soaring Demand Meets Increased Supply The decision comes as…
In an ambitious stride towards revolutionizing its rail network, India is on the cusp of introducing the ‘Vande Bharat Bullet Train’, a high-speed marvel set to redefine inter-city travel. With a proposed speed of 250 kmph, this train is not just a vehicle but a symbol of technological prowess and a testament to the ‘Make in India’ initiative. The Genesis…
In an event that has sent shockwaves through the nation, Bollywood actress and Member of Parliament Kangana Ranaut was slapped by a CISF constable at Chandigarh airport. The incident, which occurred as Ranaut was preparing to board a flight to Delhi, has sparked widespread debate and controversy. What Happened? Kangana Ranaut, known for her outspoken views and political activism, was…
The Indian financial landscape is buzzing with the news of Bajaj Housing Finance’s latest strategic move – an Initial Public Offering (IPO) aimed at raising a substantial ₹4,000 crore. This bold step includes a fresh issue of shares coupled with an Offer for Sale (OFS) component, marking a significant milestone for the company and its stakeholders. Why an IPO? The…
Salil Parekh, the CEO of Infosys, has received a 17% increase in his annual remuneration for the fiscal year 2024, which now stands at Rs 66.24 crore. This marks a significant rise from his previous year’s compensation of Rs 56.4 crore. The increase in Parekh’s salary includes various components such as fixed pay, variable pay, retiral benefits, and the perquisite…
In a remarkable turn of events, Gautam Adani has once again surpassed Mukesh Ambani to become the wealthiest individual in Asia. With a net worth of $111 billion, Adani now holds the eleventh spot on the global rich list, according to the Bloomberg Billionaires Index. The Rise of Adani The resurgence of Gautam Adani’s wealth is attributed to a significant…
In an extraordinary development, Elon Musk has once again been crowned the world’s richest person. This significant financial leap comes after his new AI company, xAI, secured a massive $6 billion investment over the Memorial Day weekend. The private investors’ valuation of xAI at $24 billion has substantially boosted Musk’s wealth, with his 60% stake now estimated to be worth…
India’s Goods and Services Tax (GST) collection has witnessed a remarkable surge, registering a 10% increase to ₹1.73 lakh crore in May 2024. This significant growth is a testament to the country’s robust economic activity and the government’s efforts to enhance compliance. A Closer Look at the Numbers: The gross GST revenue collected in May 2024 reflects a 15.3% year-on-year…
The Reserve Bank of India (RBI) has made a big announcement. They said that now people from other countries can open bank accounts in Indian rupees, even outside of India. This is a new thing and it’s part of the RBI’s plan for the year 2024-25. Why Is This Important? This change is a big deal because it helps connect…
Paytm, the Indian multinational technology company, has been making headlines recently due to its stock performance. Let’s delve into the details and understand what’s been happening with Paytm’s share price. Recent Stock Performance: Closing Price (May 30, 2024): ₹356.55 Previous Close (May 29, 2024): ₹359.55 52-Week High: ₹998.3 52-Week Low: ₹310 Financial Snapshot (Fiscal Q4 2024): Revenue: ₹22.67 billion (down 2.89% YoY) Operating Expense: ₹8.67 billion…