Author: News Desk

India’s stock market has surpassed Hong Kong’s for the first time, with the combined value of shares listed on Indian exchanges reaching $4.33 trillion as of Monday’s close, compared to Hong Kong’s $4.29 trillion, according to Bloomberg data. This positions India as the world’s fourth-largest equity market. The milestone was achieved on December 5 when India’s stock market capitalization exceeded $4 trillion, with half of that growth occurring in the past four years. Hong Kong’s decline is attributed to a diminishing appeal for Chinese companies. Many of China’s influential and innovative firms are listed in Hong Kong, but factors such…

Mexico has become a focal point for enhancing customer experience management (CXM) and boosting customer engagement across various touch points, according to a TOI report. Both TCS and Infosys have maintained a presence in Mexico for over a decade, and LTIMindtree recently inaugurated a 100-seater facility in Mexico City. HCLTech, present in Mexico for 14 years, expanded its operations in Guadalajara two years ago and plans to hire 1,300 people in the next two years. GlobalLogic, a Hitachi Group company, established new engineering and sales centers in Guadalajara and Mexico City. Infosys BPM, based in Monterrey, Mexico, provides both business…

Populous, the architecture studio, has revealed its design for the Prince Mohammed Bin Salman Stadium in Qiddiya, Saudi Arabia, slated to be a proposed venue for the 2034 World Cup. Named after the Crown Prince of Saudi Arabia, Mohammed bin Salman, the stadium, situated in the Qiddiya entertainment district, will feature a retractable roof and pitch. “It is set to be the world’s first fully integrated venue with a combined retractable roof, pitch and LED wall – an architectural innovation offering unparalleled versatility and allowing the space to transform into different event modes in a matter of hours,” said Populous…

Ayodhya’s Ram Temple, a symbol of religious significance, is not just a testament to faith but also an embodiment of innovative construction techniques. The temple’s construction, resilient in the face of seismic challenges, distinguishes itself by incorporating a unique blend of modern technologies and ancient construction wisdom, including the traditional Nagara Shaili. Pink Sandstone from Rajasthan The forefront of the temple, known as ‘Bhansipur,’ is constructed using special pink stones sourced from Rajasthan. The Makrana marbles in a white hue were imported to Rajasthan to contribute to the construction of the shrine’s front portion. The selection of these materials adds…

Telangana Chief Minister Revanth Reddy, the first Congress CM of the state, is actively working to position Telangana as a key player in the electric vehicle (EV) industry. Reddy recently revealed during a gathering at the Indian High Commission in London that the state is courting major EV manufacturers, including Tesla and BYD, to establish their production units. Strategic Multi Crore Deals In a bid to bolster the state’s economic landscape, CM Reddy has secured significant deals with major conglomerates such as the Adani Group, JSW, Tata Technologies, BL Agro, and others. The World Economic Forum has also chosen Hyderabad…

The city of Ayodhya is on the brink of a significant economic upswing, with civil engineers poised to benefit from a projected 15 percent surge in demand for construction jobs over the next two years. The construction of the Ram Mandir, inaugurated by Prime Minister Narendra Modi, has not only marked a milestone for the city but has also catalysed economic growth, transforming Ayodhya from a once-languid hub to a bustling tourism centre. Focus on Commercial Hubs Anticipating a three-fold increase in construction activities, industry leaders predict a concentrated surge around shopping hubs, hotels, and restaurants. CIEL HR reports that…

In commemoration of its 25th anniversary, Central Depository Services (India) Limited (CDSL), Asia’s pioneer listed depository, revealed two groundbreaking initiatives aimed at fostering inclusivity and accessibility in the capital market landscape. The initiatives were launched by Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India (SEBI), during the silver jubilee function held on January 17. CDSL introduced a revolutionary enhancement to the Investor Consolidated Account Statement (CAS), allowing investors to receive statements in their preferred language from a selection of 23 diverse Indian languages. Titled ‘Apka CAS – Apki Zubaani,’ this initiative is designed to provide investors…

As Ayodhya prepares for the grand consecration ceremony of Shri Ram Temple on January 22, the Uttar Pradesh government is taking strides towards making the sacred city a model solar city. A notable addition to these preparations is the launch of India’s first solar-powered electric boat in the Saryu River, marking a significant leap towards eco-friendly initiatives. Solar Innovation: In an unprecedented move, Ayodhya becomes the first Indian city to witness the introduction of a solar-powered boat in its river. This groundbreaking initiative is a collaborative venture between the Uttar Pradesh New Energy Development Authority (UPNEDA) and a Pune-based boat…

After the grand inauguration of the Ram Temple in Ayodhya this week, the region is gearing up for a substantial increase in tourist activity. Anticipating the surge, local businesses and the tourism sector are making preparations to accommodate the influx of visitors. The opening of the historic Ram Temple is expected to draw pilgrims and tourists from various parts of the country and beyond. Devotees will now have the opportunity to visit the revered site, contributing to a boost in tourism and economic activity in the region. Investments in the tourism sector have already seen a significant uptick, with reports…

The Indian government is set to introduce the Direct-to-Mobile (D2M) initiative, aiming to bring digital access to the country, even in areas without internet connectivity. Despite the absence of an official timeline, there is no mandatory requirement for handset manufacturers to incorporate D2M technology. The government is keen on embracing D2M without imposing restrictions on handset manufacturers, according to Secretary of the Ministry of Information and Broadcasting, Apurva Chandra. With D2M technology, it is anticipated that millions of Indians will gain access to digital services, benefitting various sectors such as telecom, science and technology, broadcasting, electronics, and information technology ministries.…