07/04/2025
- Q1 GDP for April July 2024 has slowed down to 6.7%. That was because of elections and the entire Political class focussed on elections. A lot of new spending both from the Government and the private sector were on hold. Now that the Government is in place, we should see the momentum pick up again.
- Commerce and Industry Minister Piyush Goyal on Friday said that manufacturing will determine the direction of India’s growth trajectory adding that India can achieve far more through a robust manufacturing sector.
- Soon, the global vision of blazing-fast bandwidth with ultra-high-speed internet access — which could revolutionise virtual reality, augmented reality, and the technology landscape — will get a Chennai touch. On Friday morning, multinational telecommunications giant Nokia is set to sign a deal to establish the world’s largest fixed network testbed in Chennai. This testbed will spearhead Nokia’s technological innovations in 10 gigabit (G), 25G, 50G, and 100G passive optical networks.
- PM Modi lays foundation for the Rs 76200 crores Vadhvan port that will create 12 lakh jobs and boost Maharashtra economy.
- Zydus Lifesciences said that its wholly owned subsidiary has completed the acquisition of a 50% stake in the Sterling Biotech company. That will help it grow inorganically.
- The Government is set to examine concerns over quick commerce companies potentially undermining businesses of the local kirana stores, particularly in the context of the draft Digital Competition Bill. The Ministry of Consumer Affairs recently raised the issue with the Ministry of Corporate Affairs during discussions around the proposed legislation.
- RBI focusing on making UPI, RuPay truly global, says Governor Das.
- Capital market regulator SEBI has proposed a comprehensive review of merchant banker regulations considering the change in the market dynamics over the last few years.
- The Union Cabinet on Wednesday approved setting up 12 industrial smart cities with an outlay of Rs 28602 crores with an investment potential of Rs 1.5 lakh crores and employment potentail of 1 million direct jobs.
- CCI approves $8.5 billion Reliance Disney media assets merger. The combine could compete with the biggies like Netflix, Sony and Amazon.
- India is making bridges with each and every small nation in the World. The PM and External Affairs Ministers are separately touring various countries. This will reap rich dividends for India in trade and commerce, getting new technologies, getting new business for India, also making India a strong contender for UN Permanent Security Council membership.
- Reliance Retail targets doubling of retail business in the next 3-4 years.