India to Release Interim Budget 2024 Ahead of General Elections India is set to release its interim budget for 2024 on Thursday, ahead of the country’s highly anticipated general elections. Finance Minister Nirmala Sitharaman will be presenting the pre-election budget for the fiscal year which runs from April 1, 2024 to March 31, 2025. The…
Koo Seeks Strategic Partner to Navigate Funding Crunch Koo, India’s alternative to Twitter, is looking to find a strategic partner with a “distribution strength” as it enters its “next phase,” according to its co-founder, amid a funding crunch at the startup, which is backed by Accel and Tiger Global. Switching Gears in the Face of…
India’s abrupt import restrictions on personal computers and laptops in August have caught major suppliers off guard and raised concerns about protectionism. The move, aimed at boosting manufacturing under the “Make in India” program, seems contradictory to India’s efforts to enhance its global reputation. As India’s strategic importance increases due to shifting geopolitical alliances, such…
India’s Consumer Market Set to Become Third Largest in the World by 2027 India’s Rise in Consumer Market According to a report by BMI, India’s consumer market is poised to become the world’s third largest by 2027. Currently ranking fifth, the country is expected to experience a 29% increase in real household spending, propelling it…
Adani Group Upholds Governance and Disclosure Standards after Court Panel Findings Key Takeaways: India’s Adani Group remains confident in its governance and disclosure standards following a recent court panel investigation. Background: Adani Group, a conglomerate based in India, faced scrutiny after a scathing report from a U.S. short-seller in January. The report alleged improper use…
FrontRow, Indian hobby-learning and community platform, shuts down FrontRow, a hobby-learning and community platform featuring celebrities in India, has shut down, AsumeTech has learned and confirmed. The three-year-old startup sought to build a community where well-known artists and athletes taught their craft to consumers. The startup had raised about $18 million and counted Elevation Capital,…
Chennai, June 22 (IANS) India’s integrated drone manufacture and drone-as-a-service (DAAS) provider Garuda Aerospace Pvt. Ltd. will set up a production facility in Malaysia at an outlay of Rs 115 crore, said a top company official. “We have decided to set up a drone production facility in Malaysia with a production capacity of about 50…
New Delhi, June 16 (IANS) India’s newest airline Akasa Air took delivery of its much anticipated first Boeing 737 MAX aircraft in Seattle, the airline said in a statement on Thursday. With a strong commitment to democratise the skies, the airlines’ total order of 72 aircraft includes an initial delivery of 18 aircraft by March…
New Delhi, June 15 (IANS) India’s overall exports in May, merchandise and services combined, were estimated to be worth $62.21 billion, exhibiting a positive growth of 24.03 per cent over the same period last year, an official statement said on Wednesday. Breaking it up, the merchandise exports in May were at $38.94 billion, as compared…
New Delhi, June 14 (IANS) India’s wholesale inflation gauged by the Wholesale Price Index, with base year as 2011-12, rose to a record high of 15.88 per cent in May 2022 from 15.08 per cent in April, official data revealed on Tuesday. The wholesale inflation has been in double digit for over a year now….
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