India is witnessing a sharp rise in the number of high-net-worth individuals, with the millionaire population expected to grow over 55% between 2024 and 2029—more than double the global average of 21%, according to a new report by Boston Consulting Group (BCG).Releasing its latest outlook on Wednesday, BCG said India’s financial wealth surged 10.8% between…
The ATMS implementation spans the Dwarka Expressway and a 28-km section of NH-48. India has launched its first Advanced Traffic Management System (ATMS) project on the Dwarka Expressway in Delhi on Wednesday. The initiative complies with the National Highways Authority of India’s (NHAI) latest 2023 guidelines, advancing towards intelligent and secure highways.The ATMS implementation spans…
Oil prices dropped approximately 6% on Tuesday, influenced by Trump’s remarks regarding China following the ceasefire declaration. (AI image) US President Donald Trump announced on Tuesday that China may proceed with Iranian oil purchases following the Israel-Iran ceasefire agreement, though the White House subsequently clarified this statement does not represent an easing of US sanctions.“China…
Pune is the ninth most populous city in India and the second most populated city in the state of Maharashtra. Pune Metro: In a boost for connectivity in Pune, Prime Minister Narendra Modi-led Union Cabinet on Wednesday approved the extension of Pune Metro Line 2. Information and Broadcasting Minister Ashwini Vaishnaw said that the extension…
HDB Financial Services maintains robust asset quality metrics, with GNPA at 2.49% and net NPA at 1.38%. (AI image) HDB Financial Services IPO: HDB Financial Services, an NBFC backed by HDFC Bank, opened its IPO subscription on Wednesday. The organisation seeks to secure Rs 12,500 crore in what stands as one of the largest public…
Jaguar Land Rover (JLR), the British luxury car arm of Tata Motors, will begin assembling its premium vehicles at a new facility in Tamil Nadu by early 2026, senior executives said on Tuesday. The plant will assemble Range Rover Evoque and Velar SUVs from completely knocked down (CKD) kits, with a projected capacity of 30,000…
The origins of the co-location issue trace back to 2015, when a whistleblower informed Sebi about potential manipulation within NSE’s trading infrastructure. The National Stock Exchange (NSE) has submitted two applications to Sebi, proposing to settle the ongoing co-location and dark fibre cases with a combined payment of ₹1,388 crore, setting a record for the…
Air India’s CEO Campbell Wilson is collaborating with N Chandrasekaran on strategic planning and regulatory matters. Air India plane crash: N Chandrasekaran, Tata Group‘s chairman, has taken direct control of Air India’s daily operations following the recent Ahmedabad plane crash that has presented a major challenge for the conglomerate. His current responsibilities include managing crucial…
This is an AI-generated image, used for representational purposes only. The Indian rupee extended its gains for a second consecutive session on Wednesday, rising 13 paise to 85.92 against the US dollar in early trade, buoyed by hopes of a lasting ceasefire between Israel and Iran and strong cues from domestic equities.At the interbank foreign…
NEW DELHI: At a time when beleaguered Vodafone Idea seeks govt support for survival, Telecom Minister Jyotiraditya Scindia on Tuesday said duopoly is not good for the sector and there must be competition in the industry.“Our job is to provide as many avenues as possible and within each vertical as well, provide intense competition. It’s…
