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Tata Sons, the holding company of Tata Consultancy Services (TCS), has recently grabbed attention within financial circles due to its significant stake sale in TCS. This move has not only made headlines but also sparked discussions about the strategic direction of both Tata Sons and TCS within the highly competitive IT services sector. Key Points: Stake Sale Overview: Tata Sons…
In recent weeks, Ukraine has intensified its use of drones to target Russian oil refineries, causing significant disruption to Russia’s energy infrastructure. These strikes have directly impacted the refining capacity of the nation, with approximately 7% of Russian refining capacity affected in the first quarter of this year alone. One notable example is the Slavyansk refinery located in Krasnodar, a…
As the global economy grapples with various challenges, including inflationary pressures, pandemic-induced uncertainties, and geopolitical tensions, the upcoming monetary policy meetings of major central banks hold immense significance. In particular, the United States Federal Reserve, the Bank of Japan, and the Bank of England are set to convene in March 2024 to deliberate on key policy decisions that will shape…
India, the world’s third-largest energy consumer, is making significant strides towards becoming a premier manufacturing hub for electric vehicles (EVs). The Indian government has introduced a new scheme aimed at attracting foreign investments and accelerating the adoption of EVs, with a particular focus on enticing global players such as Tesla. This policy framework, coupled with Tesla’s potential entry into the…
In 2024, Indian business magnate Gautam Adani and Uber CEO Dara Khosrowshahi initiated discussions aimed at fostering a strategic partnership to expedite the adoption of electric vehicles (EVs) in India. This collaboration holds significant promise in revolutionising the landscape of mobility within the country. Let’s delve into the nuanced details of this exciting venture and its far-reaching implications. A Prelude…
The Credit Guarantee Scheme for Startups (CGSS) aims to provide credit guarantees to loans extended by Member Institutions (MIs) for financing eligible borrowers, specifically startups. These startups are defined in the Gazette Notification issued by the Department for Promotion of Industry and Internal Trade (DPIIT) and are amended from time to time1. Here’s an overview of the scheme: Objective: The CGSS ensures that startups have access to credit…
The concept of the Pink Tax has gained significant attention in recent years, shedding light on the pricing disparities based on gender. This phenomenon refers to the extra amount women often pay for everyday products and services compared to men, perpetuating gender stereotypes and contributing to economic inequality. In this article, we will delve into the understanding of the Pink…
The journey of Dilkhush Kumar and Siddharth Shankar Jha, the founders of RodBez, is one of remarkable determination, innovation, and resilience. Born and raised in Bihar, Dilkhush Kumar’s early struggles, including his responsibilities due to his rural background and marriage at a young age, did not deter his dreams of creating something impactful. His entrepreneurial spirit led him through various…
The cricketing world is abuzz with anticipation as the Indian Premier League (IPL) 2024 approaches. Fans eagerly await the clash of titans, the thrill of sixes, and the drama that unfolds on the pitch. However, this season brings both excitement and concern, as key players face injury setbacks. Let’s delve into the details: 1. Mohammed Shami: The Heel Injury Shami, a key…
Byju’s, the troubled edtech firm, has taken a significant step in its cost-cutting efforts. It has relinquished all its office spaces across India, except for its headquarters located at Bengaluru’s Knowledge Park. This move comes as the company grapples with an imminent liquidity crisis and ongoing disputes related to fund usage. Here are the key points: Office Space Reduction: Byju’s…