real estate

Unlocking India’s Real Estate Boom: Trends and Insights for Growth

India, the fastest-growing economy, is on its path to becoming the world’s third-largest economy. In 2023, the Indian real estate market experienced an unprecedented surge, surpassing all projections and setting new milestones. This surge is primarily driven by the escalating demand for property, a testament to consumer confidence in the dynamic economic landscape. Projections suggest…

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industrial production

India’s Industrial Production Growth: March 2024 Insights and Analysis

Despite the challenges, India’s industrial production maintained a steady pace, decelerating to 4.9 percent in March this year. The mining sector, in particular, faced some headwinds, leading to this moderation, as per the official data unveiled on Friday. However, it’s worth noting that in February 2024, the Index of Industrial Production (IIP) had registered a…

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reserve bank of india

Transformations in Finance: RBI Updates NBFC Registrations

On Friday, the Reserve Bank of India (RBI) announced that 15 Non-Banking Financial Companies (NBFCs), including Tata Capital Financial Services and Revolving Investments, have relinquished their registration certificates. This decision was made due to various reasons, which we will delve into in the following sections. The sector’s dynamics have seen a significant shift as nine…

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supreme court

Supreme Court Ruling: Banks’ Interest-Free Loans to Employees Taxed as Fringe Benefits

The Supreme Court, in a significant ruling, has declared that interest-free or concessional loans provided by banks to their employees are to be considered as ‘fringe benefits’ and are therefore subject to taxation. This ruling, while ensuring fairness in taxation, also aims to prevent unnecessary litigation and provide clarity in taxation regulations. In a report by…

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happiest minds

Tech Powerhouse Happiest Minds Technologies Ventures into US Market with Aureus Acquisition: A Game-Changer in BFSI and Healthcare

On Thursday, IT company Happiest Minds Technologies announced that its wholly-owned American subsidiary, Happiest Minds Inc., has finalized an agreement to acquire a 100% stake in US-based Aureus Tech Systems LLC. As per regulatory filing, the acquisition is valued at an upfront cash consideration of USD 8.5 million (approximately Rs 71 crore), with additional earn-outs…

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Google for android

Introducing Google Wallet: Your Digital Hub for Secure Storage

With the recent announcement, Google has introduced a new digital wallet for Android users in India, providing a robust and secure platform to store various cards, tickets, passes, keys, and IDs. Unlike the Google Pay app, which focuses on managing finances, Google Wallet is a dedicated solution for non-payment functionalities. Ram Papatla, GM & India Engineering Lead,…

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India

India Overtook Japan to Become World’s 3rd Largest Solar Power Generator

India’s Solar Energy: Rising to the Top as a Global Renewable Energy Powerhouse by jumping above Japan and secured its position as the world’s third-largest solar power generator India’s recent achievement in solar energy adoption has catapulted the nation beyond Japan and underscored its global influence. In 2023, India secured its position as the world’s…

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