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Price rise: CMIE’s inflation projections lower than RBI’s

March 4, 2024 virendra pandit

Virendra Pandit New Delhi: Contrary to the Reserve Bank of India (RBI)’s projections, the leading economic think tank, the Centre for Monitoring Indian Economy (CMIE), said on Monday the country’s inflation may decline for two years in a row. It is likely to fall to 4.3 percent in 2024-25 from 5.4 percent in 2023-24, which […]

Business

An Incomplete Life: Gautam’s separation from his wife erases $180 mn at Raymond

November 22, 2023 Vinayak Barot

Virendra Pandit New Delhi: This is also a family matter. When a family collapses, the business it runs may also follow. India’s business legend Vijaypat Singhania, once synonymous with his company Raymond’s tagline “The Complete Man”, penned his 2021 autobiography “An Incomplete Life”, after his very public spat with billionaire son Gautam Singhania. The […]

Business

Electricity: ‘By 2050, India’s ACs would consume more power than entire Africa’

October 24, 2023 Vinayak Barot

Virendra Pandit New Delhi: India is geographically larger than Europe, minus Russia’s European part, and the British called the South Asian country a ‘subcontinent.’ By 2050, however, the air-conditioners installed in a rising India will alone consume more electricity than an entire continent—Africa—will do. India’s demand for electricity for running household air conditioners is […]

Business

Quick commerce: ‘Indians most impatient online shoppers worldwide; want delivery in 2 hours’

July 25, 2023 Vinayak Barot

Virendra Pandit New Delhi: Many Indians, always in a hurry to catch up with the rest of the world and adapt to novelty, are the most impatient e-commerce shoppers, who want their stuff to be delivered within just two hours, a global survey said. Indians are the world’s most impatient online shoppers, with nearly […]

Business

Roving Periscope: China trying to prevent its own entrepreneurs from fleeing!

June 21, 2023 virendra pandit

Virendra Pandit New Delhi: While China is trying to re-attract foreign capital and laid out a red carpet to American investors like Bill Gates and Elon Musk, it is also making efforts to prevent the departure of its own entrepreneurs who have thrown in the towel because of multiple reasons, the media reported. Regarding […]

Business

JioSaavn Pro: Jio launches plans for music lovers

June 9, 2023 virendra pandit

Ahmedabad: Jio has introduced JioSaavn Pro subscription bundled prepaid plans for its subscribers who love music. The initiative enables customers to consolidate their connectivity and music subscriptions, removing the need for separate purchases, Jio said in a release on Friday. The JioSaavn Pro bundled recharge plans provide a seamless and uninterrupted music experience, with a […]

Business

Technology: India’s Internet-based economy to grow 6-fold to USD 1 trillion by 2030

June 6, 2023 virendra pandit

Virendra Pandit New Delhi: As the Indian economy marches ahead, the South Asian country’s Internet-based economy is likely to grow exponentially six-fold to USD 1 trillion by 2030, mainly driven by the e-commerce vertical, a report said on Tuesday. This growth will be led by the B2C e-commerce segment, followed by B2B e-commerce, software-as-a-service […]

Business

Trade: At over $128 bn, the US became India’s biggest trading partner in FY23

April 17, 2023 virendra pandit

Virendra Pandit New Delhi: With increasing, strengthening, and deepening economic ties between the two countries, the USA emerged as India’s biggest trading partner in 2022-23, according to the provisional data of the Union Commerce Ministry. The bilateral trade between India and the US increased by 7.65 percent to USD 128.55 in 2022-23, compared to USD […]

Business

Roving Periscope: FM Nirmala asks Pravasi Bharatiyas to use Indian products, services

January 10, 2023 virendra pandit

Virendra Pandit New Delhi: Finance Minister Nirmala Sitharaman on Tuesday exhorted the Indian diaspora to increase their use of India-made products and services to give a fillip to the economic progress of their motherland. Speaking at the 17th Pravasi Bharatiya Diwas Sammelan at Indore, Madhya Pradesh, she said the Indian diaspora is the country’s […]

Business

Digital markets: India’s online sales in the festive month were up 25% YoY to Rs.76,000 cr

November 18, 2022 virendra pandit

Virendra Pandit New Delhi: India not only accounts for nearly 40 percent of all digital payments in the world, but it also saw robust online sales worth Rs. 76,000 crores in the festive month (September 22 to October 23, 2022), a healthy 25 percent per year-on-year growth, market reports said on Thursday. According to […]