25 January 2024

Ayodhya Temple Inauguration and its Impact on Tourism Source and Citation: ET Bureau, The Economic Times. ‘Ayodhya’ may Spell Boom for Pilgrim Hubs. January 25, 2024. Layman’s Analysis The recently inaugurated Ram Mandir in Ayodhya is expected to positively impact spiritual tourism across major religious sites in India. Companies in various sectors are gearing up to […]

Rapid Growth in Imported Wine Consumption in India Source and Citation: ET Bureau, The Economic Times. ‘Wine Not? India is Importing More of the Bubbly.’ January 25, 2024. Layman’s Analysis According to recent trade data from the commerce ministry, India has experienced substantial growth in the import of foreign wines during the 2022-23 fiscal year. The

India Re-auctions Battery PLI Incentives Source and Citation: ET Bureau, The Economic Times. ‘Re-auction Starts for 10 GWh Battery Cells PLI.’ January 25, 2024. Layman’s Analysis India’s heavy industries ministry has launched a fresh round of bidding, termed a re-auction, to allocate a 20 Gigawatt Hour (GWh) production-linked incentive (PLI) scheme for Advanced Chemistry Cell

Barclays Predicts India’s Consumer Spending Boom Source and Citation: ET Bureau, The Economic Times. ‘Indian Consumers will Drive Growth for Local, Global Economies: Barclays.’ January 25, 2024. Layman’s Analysis A recent report from Barclays predicts that India is poised for a consumer spending boom over the next decade. The report suggests that this surge in consumer

India to Launch Cashless Accident Treatment for Road Victims Source and Citation: ET Bureau, The Economic Times. ‘Cashless Treatment Soon for Road Accident Victims.’ January 25, 2024. Layman’s Analysis The Indian government is set to introduce free cashless medical treatment for all road accident victims across the country under the Ayushman Bharat health scheme. This initiative

Industry Bodies Seek Capex Push, Simpler Taxes, and R&D Boosts Source and Citation: ET Bureau, The Economic Times. ‘Capex & R&D Push, Simplified Taxes Top India Inc’s Wishlist.’ January 25, 2024. Layman’s Analysis Leading industry associations, CII and FICCI, have put forth recommendations ahead of India’s federal budget to sustain economic growth. Their suggestions focus on

India Allocates Rs 8,500 Crore Subsidies for Coal Gasification Projects Source and Citation: ET Bureau, The Economic Times. ‘Cabinet OKs ₹8.5k cr for Coal Gasification.’ January 25, 2024. Layman’s Analysis The Indian government has approved a viability gap funding (VGF) of Rs 8,500 crore to encourage coal gasification projects by public and private sector companies. This

India Allows Domestic Companies to Directly List on GIFT City Exchanges Source and Citation: ET Bureau, The Economic Times. ‘Big GIFT: Norms Unveiled for Direct Global Listing.’ January 25, 2024. Layman’s Analysis The Indian government has introduced a new policy allowing domestic public companies to directly issue and list their shares on the international stock exchanges

PE/VC Firms Expand India Teams, Influencing Alternative Assets’ Public Equities Source and Citation: ET Bureau, The Economic Times. ‘PE, VC Firms Strengthen India Leadership Teams.’ January 25, 2024. Layman’s Analysis Top private equity (PE) and venture capital (VC) funds have been actively expanding their India investment teams, hiring senior talent despite global economic challenges. This hiring

Birlasoft Returns to Profitability in Q3, Boosting IT Services Stocks Source and Citation: PTI, The Economic Times. ‘Birlasoft Posts ₹161-cr Profit in Q3.’ January 25, 2024. Layman’s Analysis Birlasoft, an information technology services company, has reported its financial results for Q3 2023, showcasing a significant turnaround. The company has shifted from a loss of ₹16 crore