Tag Archives: india

India has seen a notable surge in wealth this year, with 200 Indians securing spots on the Forbes list of the world's billionaires, up from 169 in 2023. This surge reflects the growing prosperity and entrepreneurial spirit in the country, especially among women who are making significant strides in various industries.

India's antitrust body, the Competition Commission of India (CCI), has initiated a probe against Alphabet Inc's Google regarding its implementation of policies in what is alleged to be a discriminatory manner. This move comes amid ongoing tensions between Indian startups and Google over the fees charged for in-app payments.

India's economic outlook for 2024 has received a positive boost, with a Moody's report forecasting a notable increase in GDP growth from 6.1% to 6.8%. The report highlights the country's robust economic performance, particularly in the wake of strong data recorded in the December 2023 quarter.

New Delhi, March 5, 2024 - Following Google's decision to delist 10 Indian app developers from its Play Store for non-compliance with payments policy, a significant number of apps have been relisted after developers adhered to Google's guidelines. As of Monday morning, nine out of the ten affected developers had some of their apps restored on the Play Store, marking a partial resolution to the issue.

In a historic moment for India-UK relations, Sunil Bharti Mittal, the esteemed Founder and Chairperson of Bharti Enterprises, has been bestowed with an Honorary Knighthood by King Charles III of the United Kingdom. This prestigious recognition marks Mittal as the first Indian recipient of such an honor from King Charles.

In a strategic realignment of its payment services, Google has announced the discontinuation of Google Pay in the United States, while ensuring uninterrupted service for users in India and Singapore. The decision, communicated through an official blog post on Thursday, reflects Google's commitment to enhancing its payment ecosystem and optimizing user experience.

In a significant projection, investment banking firm Jefferies has forecasted that India is on track to become the world's third-largest economy by 2027, overtaking economic powerhouses like Japan and Germany. According to Jefferies, India's GDP is poised to reach $5 trillion within the next four years, and the country's economic trajectory suggests it will nearly double to nearly $10 trillion by 2030.

In a significant shift, India is gearing up to invite private investments totaling approximately $26 billion into its nuclear energy sector, aiming to bolster its non-carbon emitting energy sources. According to two government sources cited by Reuters, this move marks the first instance of New Delhi actively pursuing private funding for nuclear power, which currently contributes less than 2% to India's total electricity generation.

India's Unified Payments Interface (UPI) services made their debut in Sri Lanka and Mauritius on Monday, marking a significant milestone in the digital financial landscape of the region. The virtual inauguration ceremony witnessed the participation of Prime Minister Narendra Modi, Mauritian Prime Minister Pravind Jugnauth, and Sri Lankan President Ranil Wickremesinghe.

In a recent move, India has announced an increase in the windfall tax on petroleum crude, raising it to ₹3,200 per tonne from the previous ₹1,700, effective from Saturday. However, the windfall tax on diesel and aviation turbine fuel remains unchanged at zero, according to a statement released by the government on Friday.