Author: News Desk
India’s obsession with gold is not just about culture—it’s also a strategic financial asset. Households across India hold nearly 25,000 tonnes of gold, making India the largest private owner of gold in the world. This treasure trove of gold is used for various purposes, from heirloom jewelry to emergency savings, offering financial security, particularly for women. Gold as a Hedge Against Financial Uncertainty Gold has long been seen as a safeguard against inflation, currency fluctuations, and economic turmoil. The surge in gold prices, reaching record highs in recent years, has only increased its importance. With the price of gold rising by 35% in the financial year 2025, Indian families saw an incredible wealth increase through their gold holdings. As of March…
The Airports Authority of India (AAI) is embarking on a significant expansion of Ayodhya airport to enhance its passenger handling capacity. The Rs 1,625 crore expansion plan aims to increase the airport’s annual capacity from 160,000 passengers to 6 million passengers. Expansion Details The expanded airport will cover 331 hectares, up from its current 141 hectares. A new passenger terminal will be built over 4.4 hectares, while the existing terminal, covering 0.6 hectares, will remain in operation during the project. The expansion project is expected to be completed within 28 months. In addition to the terminal upgrade, the apron area…
Tata Motors is set to enter the electric scooter market with an upcoming model slated for release in August 2025. This scooter is expected to offer an impressive 200 kilometers of range on a single charge, making it an ideal option for daily commuters seeking an affordable EV solution amidst rising petrol prices. The scooter will feature modern elements such as a digital dashboard displaying key ride metrics, LED lights for better nighttime visibility, alloy wheels with tubeless tires, and front disc brakes with rear drum brakes for enhanced safety. Powered by a 3.5kWh lithium-ion battery, the scooter promises fast…
Ratan Tata’s will, dated February 23, 2022, outlines the distribution of his estate and includes a key clause: anyone who contests the will will forfeit their rights to any part of his estate. The late industrialist’s will names several beneficiaries, including his brother Jimmy Tata, half-sisters Shireen Jejeebhoy and Deanna Jeejeebhoy, and former confidant Mohini Dutta. His foundations, the Ratan Tata Endowment Foundation (RTEF) and the Ratan Tata Endowment Trust (RTET), also receive significant portions of his estate. The value of Ratan Tata’s estate is estimated at Rs 3,900 crore, including his 3,368 shares in Tata Sons, valued at Rs…
Edtech unicorn PhysicsWallah is reportedly in the final stages of acquiring Drishti IAS Institute, a prominent offline coaching platform for UPSC and state commission exams. If finalized, this will be the largest acquisition in the edtech sector in recent years, with PhysicsWallah set to spend between Rs 2,500 and 3,000 crore on the deal. The two companies have been in discussions since January this year, and the acquisition is expected to close soon. This move comes at a critical time as PhysicsWallah is also preparing for its Initial Public Offering (IPO), aiming to raise $500 million at a $5 billion…
Donald Trump has announced plans to impose “reciprocal” tariffs on U.S. trading partners, according to a report from The Associated Press. These tariffs will match the duty rates other countries have applied to U.S. products. White House Press Secretary Karoline Leavitt stated that Trump would reveal more details on this plan by Wednesday. The tariff proposal is part of Trump’s ongoing strategy to use tariffs to protect American industries, raise government revenue, and leverage trade negotiations with other nations. Trump has justified tariffs as a way to shield American businesses from unfair foreign competition and to generate funds for the federal government. However, some economists have warned that broad tariffs might have unintended consequences, such as higher consumer prices and…
India’s leading electronics manufacturers, including Dixon Technologies, Micromax, and Optiemus Electronics, are planning major investments to take advantage of the newly announced ₹22,919 crore Electronics Component Manufacturing (ECM) scheme. Each company aims to invest around ₹1,000 crore to enhance domestic production of high-value components. A Boost for Local Manufacturing The ECM scheme, approved by the government, aims to strengthen India’s supply chain by encouraging the production of essential sub-assemblies and components like display modules, camera units, and mechanical parts. The goal is to increase local value addition to 30-35%, aligning with global leaders like South Korea and Taiwan. Major Players…
Renault Group has announced that it will acquire the remaining 51% stake in Renault Nissan Automotive India Private Ltd (RNAIPL), currently held by Nissan Motor Corp. This acquisition marks a significant shift in the dynamics of the Renault-Nissan Alliance in India, with Renault set to fully control the RNAIPL plant in Chennai. Despite the acquisition, Nissan will maintain its presence in India, continuing to focus on expanding its market coverage. RNAIPL will continue producing key Nissan models, including the popular Nissan Magnite, which will remain integral to Nissan’s plans in the Indian market. The company emphasized that the Chennai facility, with its high production capacity of over 400,000 units annually, will continue to serve as a cornerstone…
Rajeev Chandrasekhar, the newly-appointed president of the Bharatiya Janata Party (BJP) in Kerala, has hinted that the ongoing controversy surrounding the Mohanlal-starrer L2: Empuraan may have been a carefully orchestrated publicity stunt by the film’s producers. Chandrasekhar, a former Union Minister, suggested that the controversy might have been manufactured intentionally to boost the film’s visibility. A Manufactured Controversy? In a weekly podcast, Chandrasekhar pointed out that the controversy over L2: Empuraan didn’t seem like a genuine issue at first, adding that it could have been a deliberate move by the film’s producers to draw attention. He specifically noted that Kerala…
NASA astronaut Sunita Williams, fresh from her 278-day stay on the International Space Station (ISS), spoke about the breathtaking views of India from space. As she orbited the Earth, she often looked down at the subcontinent, capturing stunning images and marveling at its diverse landscapes. The Magnificence of the Himalayas Williams described the Himalayas as one of the most striking sights from space. She explained how the mountain range looked like a ripple, flowing down into India. Each time the ISS passed over the region, she and her fellow astronauts took incredible pictures of the towering peaks and vast landscapes.…