Amazon breaks FDI rules, faces investigation under Foreign Exchange Management Act (FEMA)
Manashaa G
Gained control over Big Bazar Future Retail without approval.
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“Made-in China” smartphone accounts for 75% of shipments to India to 2020, rules the Indian market
Q4 saw a 13% growth in smartphones in India despite the pandemic.
Microsoft’s revenue rises to $43.1 Bn, boosted by Cloud Computing
Thanks to robust demand for corporate cloud-computing service.
Petrol price skyrockets due to firm crude oil prices, touches a new all-time high of Rs 86.30/L in Delhi
Production cuts by Saudi Arabia and a rise in usage hiked crude prices.
Union Budget 2021: Farm credit may increase to about Rs19 lakh crore, NABARD scheme to further expand
This will increase the farmers’ income by 2022.
Pandemic may slump India’s economy by 9.6% in 2020, expected to recover and grow at 7.3% in 2021
Containment efforts to control COVID-19 slashed domestic consumption.
Nitin Gadkari calls for IIT Grads to explore alternatives to steel and cement due to their rising prices
This can help India’s MSMEs rise to 40% in the next 5 years.
Bajaj Auto is the most valued two-wheeler brand across the globe with a market cap of $13.6 Bn
The success is due to their high sales volume and low displacement.
Inequality Virus report: Pandemic left many migrant workers jobless, yet the wealth of India’s richest rose by 35%
1.7 lakh people lost jobs every hour in April alone, says Oxfam’s report.
Tata likely to team up with India’s CSIR to initiate clinical trials of Moderna Covid-19 vaccine
Tata is said to have started initial talks with Moderna for a partnership.
