Good Friends, Greater Enemies! “The kingdom will face its consequences…” said Joe Biden, as the tensions between the United States and the gulf petro-giant seem to have escalated. In a move that stunned the entire world, the Kingdom of Saudi Arabia expressed its willingness to join the BRICS alliance, jeopardising the 77-year relationship with the […]
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Forex Reserves At around 570 billion USD, India’s foreign exchange reserves are at a 20-month low, even as the Rupee breached the 80 mark. In the week ended July 22nd, our forex reserves decreased by $9.64 billion, recording the steepest fall in the last two years. This trend is fuelled by the steady capital outflow
Fall of the Planet of Subcompact Cars in India Irrespective of the sector, companies have always seen cracking the Indian market as a strategic and rather necessary move. According to The European Automobile Manufacturers Association (ACEA), Indian automobiles are ranked fourth in terms of production as of 2019, with the production touching 22.65 million in
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GST 2.0 With the motto of ‘One Nation, One Tax,’ the Goods and Services Tax, introduced on July 1, 2017, is undoubtedly a significant milestone in India’s journey. The economy has witnessed several unprecedented changes since then: the Indian taxpayer base has almost doubled from 66.25 lakh to 1.28 crore; there has been a large
Inside 10-Minutes Delivery ‘Fast and furious’ is not merely the name of the famous Hollywood movie franchise, but also a phrase that best describes a generation of increasingly impatient millennials. Gone are those days when people used to drive to stores, pick items from racks and wait in long queues for the payment to be
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Russia – The world’s most-sanctioned country Ever imagined waking up just to experience a nightmare again? Just as it finally began to feel like the world was recovering from the devastating pandemic, we found ourselves amidst the ghastly warfare that has erupted from the Russia-Ukraine crisis. On February 24, 2022, Russia invaded Ukraine, escalating the
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An Incredible Story of a Telepathic Conman The Capital Market Watchdog, SEBI, has uncovered a bizarre tale of how a former chairperson of the country’s largest bourse – the National Stock Exchange – was manipulated by a “Siddha Purusha/Yogi i.e. a Paramahansa who maybe largely dwelling in the Himalayan ranges”. This is the strange tale
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Banking Frauds Banking frauds occur when money and other assets are obtained illegally from financial institutions with the aim to defraud and deceive them. Numerous loopholes and errors in the banking organization have led to an unprecedented rise in such fraudulent activities. Even though we have financial institutions pouring millions into technological and security advancements,
Rising of the Phoenix— Air India Life had come a full circle for “the Maharaja” on 27th January, 2022 as India’s first commercial carrier, Air India returned to the Tata Group after the Tata’s had won the bid for acquiring the national carrier. During its long journey, Air India has witnessed both crests and troughs.
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Financial Impact of the Russia & Ukraine Conflicts Introduction On February 24, 2022, Russia commenced an invasion of Ukraine. Russia had been ramping up its military buildup on Ukraine’s border and engaging in a game of brinkmanship, which threatens to destabilize Europe and draw in the United States. Ukraine has been under military pressure since
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