Luxury property buying surges amid rising disposable income in India: Report
New Delhi, June 19 (IANS) With disposable income continuing to rise amid changing lifestyle preferences, more and more Indians in metros are purchasing high-value, premium properties than ever before. There has been a surge in the sale of properties valued Rs 1 crore and above across top cities and in the first quarter this year, […]
LG joins ChargePoint to expand EV charging infrastructure in US
Seoul, June 19 (IANS) LG Electronics said on Wednesday it has partnered with ChargePoint, the leading supplier of charging solutions for electric vehicles in North America, to expand its EV charging business on a global basis. Under the memorandum of understanding, LG Electronics will supply its advanced EV charging equipment to ChargePoint, while the US […]
India stems wealth exodus amid robust economic development: Report
New Delhi, June 19 (IANS) Buoyed by overall economic development, India has stemmed its wealth exodus, with just 4,300 millionaires projected to leave the country in 2024 — compared to 5,100 last year, a new report has projected. India is seeing high net outflows because of the success of its sizeable economy in generating new […]
RBI Governor expects growth in April-June quarter to surpass 7.2 pc estimate
Mumbai, June 19 (IANS) RBI Governor Shaktikanta Das expects the strong growth momentum of the last financial year to continue into the April-June quarter of the current financial year, bolstered by strong fundamentals of the economy. “We are quite sanguine that the projection we have given for the first quarter of this year, 7.2 per […]
Public sector banks beat private rivals in efficiency parameter: SBI study
Mumbai, June 19 (IANS) Public sector banks in India record a higher level of “efficiency” compared to their private sector counterparts, according to a study conducted by the State Bank of India (SBI). The study evaluates efficiency by examining how effectively banks utilise their resources. “The results show that contrary to popular perceptions, the performance […]
Global funds bullish on debt market, over Rs 83,000 crore invested since Sept
New Delhi, June 19 (IANS) Global funds remained bullish on the Indian debt market as nearly Rs 83,360 crore ($10 billion) has been invested in Indian bonds since September 2023. The market witnesses foreign inflow into India’s debt market ahead of the bond’s inclusion in a key global index at the end of the month. […]
There has never been a better time to be an Indian: Gautam Adani
Mumbai, June 19 (IANS) There has never been a better time to be an Indian, and within the next decade, India will start adding a trillion dollars to its GDP every 12 to 18 months, putting us on track to be a $30 trillion economy by 2050, Gautam Adani, the Chairman of the Adani Group, […]
US regulators accuse TikTok of violating child privacy laws
Washington, June 19 (IANS/DPA) The US Federal Trade Commission (FTC) has referred a complaint against the popular video-sharing app TikTok and its Chinese parent company ByteDance to the Department of Justice, alleging that they failed to protect the privacy of children. The FTC said in a statement that it “uncovered reason to believe” TikTok and […]
Bharti Airtel acquires 1 pc equity stake in Indus Towers
Bharti Airtel said on Wednesday it has acquired 1 per cent equity stake in telecommunications infrastructure company Indus Towers, after the UK’s Vodafone Group sold nearly 20 per cent shareholding in the firm. In a stock exchange filing, Bharti Airtel said it bought 2.695 crore shares in Indus Towers ‘on-market’. The telecom service provider […]
Mesabi Metallics appoints Joe Broking as President and CEO
Mumbai, June 19 (IANS) Mesabi Metallics Co. LLC has announced the appointment of Joe Broking as the President and Chief Executive Officer of the company. “Mesabi Metallics is at a new and exciting stage in its development where we are bringing in dozens of employees, managers and leaders in human resources, corporate finance, marketing, and […]
