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Ahead Of Budget, Economic Survey Is Set To Be Tabled, What Is its History & Why Is it Significant?–Explained

21 Jul 2024 19:47 PM IST

Ahead of the union budget 2024-25, the union government will present the economic survey on Monday. Prior to the budget presentation, union finance minister Nirmala Sitharaman will present the pre-budget document on parliament. What Is Economic Survey & Why Is It Significant? The economic survey usually refers to a document,

Indian Firms Trail Global Giants In Patent Production: FAST India Report

21 Jul 2024 16:55 PM IST

A recent study by the Foundation for Advancing Science and Technology (FAST India report) in collaboration with IIFL Securities has uncovered a significant disparity between Indian companies and their global counterparts in terms of patent output. The report reveals that global firms generate 14.1 times the number of patents per

Foreign Investors Pour ₹15,420 Crore Into Indian Markets This Week

20 Jul 2024 16:32 PM IST

Foreign portfolio investors (FPIs) have made a notable impact on the Indian equity market this week, pouring in ₹15,420 crore, as reported by the National Securities Depository. This influx boosts the total FPI investment to ₹30,772 crore for July alone, highlighting robust buying activity by foreign investors. So far this

Elon Musk Highlights Indian-Americans’ Success: Highest Median Household Income Among US Immigrant Groups

20 Jul 2024 15:59 PM IST

Elon Musk recently highlighted the United States as a “land of opportunity,” sharing statistics on median household incomes across various ethnic groups on his social media platform X (formerly Twitter). The data, sourced from the 2018 census report “Median US Household Income By Selected Ethnic Groups,” was originally posted by

Forbes Declares Bruce Springsteen A Billionaire: Here’s How He Made His Fortune

20 Jul 2024 14:38 PM IST

Singer Bruce Springsteen, renowned for iconic rock 'n' roll hits like "Badlands," "Hungry Heart," and "My Hometown," has officially joined the billionaire ranks, according to a Forbes report.

Radico Khaitan Hits Big with Premium Spirits, Launches Sangam Whisky in India

20 Jul 2024 12:35 PM IST

Radico Khaitan’s strategic focus on the premium and luxury segments is yielding significant results, with 57% of its 2024 value stemming from Prestige & Above brands. Recently, Radico Khaitan, which operates distilleries in Rampur, Aurangabad, and a new facility in Sitapur, introduced its Sangam World Malt Whisky in India, following

CrowdStrike CEO George Kurtz Panics During Interview About Global Software Update Chaos

20 Jul 2024 11:28 AM IST

George Kurtz, the CEO of cybersecurity company CrowdStrike, faced a challenging moment during a TV interview where he was questioned about a software update that caused global disruption. The Incident A botched software update from CrowdStrike on Friday led to a worldwide chaos, crashing countless Microsoft Windows computer systems and

Is Byju on the Verge of Total Shutdown of Its Services? See What CEO Raveendran Has to Say

20 Jul 2024 02:13 AM IST

Insolvency proceedings against ed-tech company Byju’s will likely force thousands of employees to quit and result in a total shutdown of its services, according to its CEO, Byju Raveendran. Byju’s, once valued at $22 billion and backed by prominent investors such as Prosus and General Atlantic, has faced a series

Microsoft Fixes 365 Apps Outage; Residual Impact Continues

19 Jul 2024 19:16 PM IST

Microsoft has announced that it has addressed the core issue behind the global IT outage that disrupted its 365 apps and services. While the root cause has been resolved, some residual impacts from the cybersecurity issues continue to affect users, potentially prolonging the ‘blue screen of death’ problem. The global

RBI Confirms Limited Impact Of Microsoft Outage On Indian Banking Sector

19 Jul 2024 19:09 PM IST

The Reserve Bank of India (RBI) has conducted a comprehensive evaluation following a significant global outage affecting Microsoft systems. According to the central bank, approximately ten banks and non-banking financial companies (NBFCs) in India faced minor disruptions due to the outage. These issues have either been resolved or are currently

From Prominence To Bankruptcy: A Look At Five Major Corporate Failures In India

19 Jul 2024 18:51 PM IST

A number of companies/individuals have faced financial implications and had undergone bankrupcy in the past. Here's a look back to 5 of them:

Microsoft Cloud Services Outage Leads To Sharp Drop In CrowdStrike Shares

19 Jul 2024 17:20 PM IST

A widespread IT outage has linked Microsoft and major cybersecurity firm CrowdStrike, leading to a significant drop in their share prices during pre-market trade on Friday. CrowdStrike shares fell by 18.67% and Microsoft shares declined by 2.5% after issues with Microsoft’s Azure cloud services and Microsoft 365 apps were reported.

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