Assessing India’s Economic Growth Prospects: Insights from Morgan Stanley

March 19, 2024/

Morgan Stanley’s chief Asia economist, Chetan Ahya, recently provided insights into India’s economic growth potential in an interview with Bloomberg Television. Despite optimism about India’s prospects, Ahya suggested that achieving the remarkable 8%-10% growth rates of China over the long term is unlikely. Instead, India’s economy is projected to grow steadily at a rate of 6.5%-7%. Key factors contributing to India’s growth challenges include a lack of infrastructure and a low-skilled workforce,…

FINANCIAL NEWS, LOCAL NEWS, TRENDING IN INDIA

Unraveling India’s Mystifying GDP Numbers: Insights from Arvind Subramanian

March 17, 2024/

Former Chief Economic Adviser Arvind Subramanian’s recent remarks on India’s GDP numbers have ignited a fresh debate about the accuracy and transparency of economic data. In a candid assessment, Subramanian highlighted discrepancies between official figures and ground realities, shedding light on key concerns that warrant attention. One of the pivotal points raised by Subramanian revolves around the discrepancy in inflation figures. While the government reports imply inflation rates of 1-1.5%, real-world observations…

BLOG, BUSINESS, FINANCIAL NEWS

Advancing Gender Diversity: Infosys and the Journey Towards Equal Representation

March 12, 2024/

In commemoration of International Women’s Day 2024, Infosys, a global leader in technology and consulting, stands as a beacon of progress in fostering gender diversity and inclusivity within its workforce. With a current representation of women at 39.3 percent as of Q3 FY24, Infosys has set an ambitious target of achieving 45 percent representation by 2030, reflecting its steadfast commitment to creating a more equitable workplace. In an exclusive interview with Mint,…

BLOG, FINANCIAL NEWS, STARTUP

AuthPay Raises $450K in Pre-Seed Funding Led by SCOPE VC: Revolutionizing Fintech

March 11, 2024/

In a significant stride towards revolutionizing the fintech landscape, AuthPay, a burgeoning startup, has announced the successful closure of a pre-seed funding round, securing a substantial $450K investment led by SCOPE VC. This infusion of capital marks a pivotal moment in AuthPay’s journey, empowering the company to accelerate its growth trajectory and unlock new avenues of innovation within the fintech sector. Founded in July 2020, AuthPay has swiftly emerged as a trailblazer…

BUSINESS, FINANCIAL NEWS

The Ambani Dynasty: Navigating the Intersection of Family, Enterprise, and Global Influence

March 11, 2024/

In the intricate tapestry of corporate dynasties, the Ambani family emerges as a towering presence, guided by the visionary stewardship of Mukesh Ambani and the enduring wisdom of matriarch Kokilaben Ambani. With a commanding stake in Reliance Industries Limited (RIL) and a far-reaching global footprint, the Ambanis epitomize the seamless fusion of familial bonds and entrepreneurial acumen that defines their legacy. Mukesh Ambani, India’s preeminent industrialist and a luminary of the business…

BLOG, FINANCIAL NEWS, GLOBAL NEWS

Federal Reserve Chair Jerome Powell Discusses Monetary Policy Amidst Political and Economic Uncertainty

March 7, 2024/

In a charged presidential election year, Federal Reserve Chair Jerome Powell navigated the complexities of monetary policy while addressing US lawmakers. With a myriad of issues ranging from fiscal policy and energy to housing and global tensions, Powell emphasized the Fed’s commitment to maintaining stability amidst evolving economic landscapes and political dynamics. Economic Outlook and Monetary Policy Powell’s testimony underscored the Fed’s focus on achieving maximum employment and price stability. He highlighted…

BUSINESS, FINANCIAL NEWS, TECH

Meta Outage Shakes Social Media: Zuckerberg Loses $2.79 Billion

March 6, 2024/

The recent global outage that hit Meta’s flagship platforms, Facebook and Instagram, not only disrupted millions of users but also took a toll on CEO Mark Zuckerberg’s net worth. The outage, lasting approximately one hour, resulted in Meta shares declining by 1.6 percent, causing Zuckerberg’s net worth to plummet by $2.79 billion in a single day. Despite this significant loss, Zuckerberg still maintains his position as the world’s fourth-richest person, with a…

BUSINESS, FINANCIAL NEWS, TECH

Mark Zuckerberg’s $100 Million Loss: Meta’s Global Outage

March 6, 2024/

On Tuesday, March 5th, 2024, the digital world was thrown into disarray as a major outage swept across Meta’s platforms globally, leaving billions of users disconnected and frustrated. Popular social media platforms such as Facebook, Instagram, and WhatsApp all stopped working, causing widespread disruption and financial repercussions for the company founded by Mark Zuckerberg and others. The Outage Unfolds Around 10 a.m. ET, reports began flooding in as users across the globe…

BUSINESS, FINANCIAL NEWS

Nvidia Surpasses Saudi Aramco in Market Value, Becomes Third-Most Valuable Public Company

March 5, 2024/

Nvidia Corp. has achieved a significant milestone by overtaking Saudi Aramco in market value, solidifying its position as the world’s third-most valuable public company, trailing only Apple Inc. and Microsoft Corp. The chipmaker closed Friday’s session with a market capitalization of $2.06 trillion, marking its first-ever close above the $2 trillion threshold. In contrast, Aramco’s value dipped to $2.03 trillion, according to Bloomberg data. Nvidia’s remarkable ascent can be attributed to its…

BUSINESS, FINANCIAL NEWS

Cardiotrack Raises $2 Million in Pre-Series A Funding Round to Revolutionize Healthcare Screening

March 5, 2024/

Cardiotrack, a leading provider of data-centric healthcare screening technology and services, has achieved a significant milestone in its growth journey by securing $2 million in a pre-series A funding round. Led by Girish Narasimhan and co-investor Y S Shashidhar, this funding infusion underscores the recognition of Cardiotrack’s innovative approach to healthcare screening and its potential to transform the industry landscape. Founded by Avin Agarwal, Cardiotrack specializes in delivering at-home pathology and radiology…

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