In Davos, young demonstrators protest against the World Economic Forum, highlighting the disparity between the rich and the global issues they face. Meanwhile, young Global Shapers engage in discussions with world leaders, aiming to influence decisions on social justice, climate change, and political representation for the youth.
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Olectra Greentech Limited unveiled new electric bus models with blade battery technology, providing 30% more energy storage and enabling a range of up to 500 km per charge. The company aims to transform emission-intensive transportation into cleaner and more sustainable alternatives while continuing to innovate and improve.
Outgoing RBI Governor Shaktikanta Das emphasized inflation control as the central bank's top priority. Das provided insights into the crucial challenges awaiting the central bank whilst expressing optimism about his successor's capabilities, as he reviewed his six-year leadership period.
Indian Railways has upgraded over 23,000 track kilometers to support train speeds of 130 kmph, enhancing connectivity and reducing travel times. They have also improved 54,337 kilometers for speeds up to 110 kmph.
UPI continues to set records, with March seeing 1,830 crore transactions worth Rs 24.8 lakh crore, a 36% rise in volume and 25% increase in value year-on-year. The platform now processes 59 crore transactions daily, averaging Rs 79,910 crore in daily value, showcasing significant growth.
NSDL reported a 29.82% growth in consolidated net profit for Q3 2024, reaching Rs 85.8 crore. The depository's total income rose by 16.2% to Rs 391.21 crore. NSDL is set for an IPO after receiving SEBI approval, involving an offer for sale of over 5.72 crore equity shares.
The Centre estimates Rs 47,000 crore from disinvestment and asset monetisation in the 2025-26 Budget. A new plan aims to plough back Rs 10 lakh crore into new projects. The first phase of monetisation had limited success, focusing on brownfield assets across various sectors.
Gold prices soared to a record Rs 91,250 per 10 grams in Delhi, driven by strong buying from stockists and retailers, and heightened international market trends. Growing fears of a US recession and geopolitical tensions have boosted gold's appeal as a safe-haven asset. Meanwhile, silver held steady at Rs 1,02,500 per kg, reaching historic highs.
Gold prices, after surging over 30% in 2024, are projected to moderate in 2025. Factors like economic growth, inflation, potential trade wars under Trump's second term, and interest rate uncertainty could dampen investor and consumer demand. While central bank buying and geopolitical tensions fueled the 2024 rally, a stronger dollar post-election has stalled gains.
Walgreens Boots Alliance has been acquired by Sycamore Partners for nearly $10 billion, aiming to revitalize the company after enduring financial challenges. The acquisition will transition Walgreens to a private entity, enabling it to undergo restructuring and improve cash flow amid competitive pressures and market shifts.
FDI inflows into India are rising rapidly, driven by interest from investors in the Middle East, Japan, the EU, and the US. This surge is attributed to India's strong market, skilled workforce, and favorable regulations, leading to robust economic growth and job creation.