Wednesday, August 22 2018

October 2, 2017

India will grow to a 6-trillion-dollar economy – Morgan Stanley

Global financial services majorMorgan Stanley report predicts that India is likely to be the world’s fastest-growing large economy in the next 10 years, driven by digitisation, favourable demographics, globalisation and reforms.According to Morgan report the trend line in India’s annual GDP growth has been accelerating to 6.9 percent in 2000s, from 5.8 percent in the 1990s, and this momentum is likely to continue in the next decade as well.Financial services major expects digitisation will provide an enhancement of 50-75 bps

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October 2, 2017

India’s leading auto manufacture Bajaj Auto registers 14% growth in total sales in Sept

India’s leading auto manufacture Bajaj Auto has reported 14 percent growth year-on-year in total sales at 4.29 lakh units in September.Total sales of motorcycle rose 11 percent, to 3.69 lakh units in September.Domestic motorcycle sales grew 7 percent to 2.47 lakh units in the same month.Commercial vehicles sales jumped 32 percent, to 59,074 units. Overall exports in September spurted 21 percent, to 1.47 lakh units.

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October 2, 2017

Foreig Investers pull out Rs 11,000 cr from Indian equities in Sept

Mumbai-Foreign investers pulled out Rs. 11,392 crore from Indian equities in September, according to the latest depository data.However, they pumped in Rs. 4,430 crore in debt markets during this period.After taking into account the latest outflow, the total investment by the foreign portfolio investors in equity markets stood at 34,350 crore, uptil now this year.

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October 2, 2017

Birendra Sasmal Indian entrepreneur won prestigious business award in UK

Ghana-based Indian entrepreneur Birendra Sasmal, CEO of Subah has won a prestigious business award in the Britain for his efforts to bring innovative IT solutions to Africa.Birendra bagged the International Business Person of the Year at the Asian Achievers Awards in London for turning the company into a thriving IT, telecoms and manufacturing success story with operations across West Africa.Subah Group employs around 350 people with offices in Guinea, Sierra Leone, New York City and Dubai. Under Sasmal’s leadership, the

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October 2, 2017

Rajghat gets Mahatma Statue, for the first time

New Delhi-The President of India,  Ram Nath Kovind, visited Kirti Mandir, Porbandar, the birth place of Mahatma Gandhi today (October 2, 2017), and paid his tributes to Bapu on Gandhi Jayanti. Later, the President addressed a function organised to declare ODF status for Rural Gujarat at Kirti Mandir. Speaking on the occasion, the President said that it was a privilege for him to visit the birth place of Mahatma Gandhi on this auspicious day. By achieving the goal of Rural

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October 1, 2017

Kuwait commutes death sentence into life term of 15 Indians

Foreign minister of India Sushma Swaraj has said death sentence of 15 Indians been commuted to life term by the Emir of Kuwait. In her tweets, Mrs Swaraj said, Emir has also directed that the sentences of 119 Indian nationals be reduced.Mrs Swaraj thanked the Emir of Kuwait for his kind gesture and said the Indian Embassy in Kuwait will extend all assistance to the Indian nationals who will be released from jails.

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September 30, 2017

President of India appoints 5 new Governors, Satya Pal Malik appointed as Bihar Governor

President of India Ram Nath Kovind appointed Governors of five states including Bihar, Tamil Nadu and Assam.Former Union Minister Satya Pal Malik was appointed as the new Governor of Bihar while Assam Governor Banwarilal Purohit will now be the new Governor of Tamil Nadu.Lt Governor of Andaman and Nicobar, Prof Jagdish Mukhi will replace Mr. Purohit as the Governor of Assam.Admiral (Retd) Devendra Kumar Joshi will be the Lieutenant Governor of Andaman and Nicobar in place of Prof. Mukhi.President Ram

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September 29, 2017

India recorded a major drop in birth cohort

India has registered a significant decline in Infant Mortality Rate. According to the just released SRS bulletin, IMR of India has declined by three points (8% decline), from 37 per 1000 live births in 2015 to 34 per 1000 live births in 2016, compared to two points decline last year. Not only this, India also recorded a major drop in birth cohort, which has for the first time come down to below 25 million. India has registered 90000 fewer infant

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September 29, 2017

P-notes investment in Indian market plunged to a seven-and-a-half year low

P-notes investments in the Indian markets, plunged to a seven-and-a-half year low of 1.25 lakh crore rupees at August-end this year.This was because of stringent norms put in place by capital market regulator, SEBI.The total value of P-notes investments in the Indian markets equity, debt and derivatives had hit a five-year low of 1.35 lakh crore rupees at the end of July.

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September 29, 2017

NITI Aayog invites Indian entrepreneurs to participate in the Global Entrepreneurship Summit, 2017

New Delhi-NITI Aayog, in partnership with the Government of the United States of America, is hosting the eighth annual Global Entrepreneurship Summit from November 28-30, 2017. The event, to be held in Hyderabad, will be addressed by the Hon’ble Prime Minister of India, Shri Narendra Modi. The US delegation will be led by Ms. Ivanka Trump, Advisor to President Trump. This is the first time the Global Entrepreneurship Summit is being held in South Asia. Hosting GES 2017 in Hyderabad

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