India has made significant strides in its leadership within the International Telecommunication Union’s (ITU) Standardization Sector (ITU-T), securing leadership roles in all 10 Study Groups at the ongoing World Telecommunication Standardization Assembly (WTSA) 2024. With one chair position in Study Group 11 (SG11) and 10 vice-chair positions across various groups, India’s leadership positions have increased…
India’s foreign exchange reserves saw a decline of USD 3.71 billion, reaching USD 701.18 billion for the week ending October 4., as per RBI. This comes after the reserves had surged by a record USD 12.59 billion in the previous week, hitting an all-time high of USD 704.89 billion. The decline was largely attributed to…
In a major step toward promoting gender inclusivity and women empowerment in the energy sector, Power Grid Corporation of India Limited (POWERGRID) has declared its 220/66 kV Chandigarh Process Bus-based Digital GIS Substation as a “Pink Substation.” This marks the first greenfield substation in Power Grid’s Northern Region-II to adopt process bus technology, alongside becoming…
The Reserve Bank of India (RBI) has kept the policy rate unchanged for the tenth consecutive time, while shifting its stance to ‘neutral,’ which may indicate the possibility of rate cuts in upcoming policy announcements. Despite the US Federal Reserve cutting its benchmark rate by 50 basis points last month, along with similar moves by…
India is destined to be the fastest-growing renewable energy (RE) market among major economies through 2030, while China will account for 60% of the global renewable energy capacity expansion by the same year, according to a new report by the International Energy Agency (IEA). The report, Renewables 2024, highlights China’s dominance in the global renewables…
The relaunch of The Manager (Global Edition), one of UK’s oldest management magazines, has sparked renewed discussions on reshaping political governance, business, and the economy. Held in India and London simultaneously on the occasion of announcement of “Manager Awards,” the event focused on the urgent need to respond to fast-paced workforce transformation, digital governance, and…
Union Minister for Science and Technology, Dr. Jitendra Singh, announced that ₹1,000 crore has been allocated for a venture fund aimed at supporting space startups. During a briefing on the key achievements of the first 100 days of the Modi government 3.0 in New Delhi, the Minister highlighted that the number of space startups in…
Foreign investors infused over ₹57,000 crore into Indian equity markets in September, marking the highest inflow in nine months. According to data from depositories, foreign portfolio investors (FPIs) invested ₹57,724 crore in equities during the month. Additionally, they invested ₹1,299 crore in the debt markets, bringing the total net investment in Indian capital markets to…
Bharat Coking Coal Limited (BCCL) plans to add 48 MW of solar power generation capacity by the end of FY 2024-25 as part of its commitment to sustainable energy. On Friday, Minister of State for Coal, Satish Chandra Dubey, inaugurated 51 rooftop solar plants with a cumulative capacity of 2.428 MW. In addition to these…
A recent survey by Aon plc forecasts that Indian salaries will rise by 9.5% in 2025, driven by a positive business outlook across various sectors. This marks a slight increase from the 9.3% hike expected in 2024. The engineering, manufacturing, and retail sectors are likely to witness double-digit salary growth of 10%, while financial institutions…
