World Updates
Escape Plan, a travel gear firm, has received $25 million in a Series a funding round headed by current investor Jungle Ventures, in which Fireside Ventures and IndiGo Ventures—the corporate venture capital division of IndiGo Airlines—participate as strategic investors. Series A Funding and Expansion Strategy According to founder and CEO Abhinav Pathak, the new funding … Read more
Experts predict that Indian equity markets will see the highly anticipated free trade agreement (FTA) between India and the European Union as a positive sentiment trigger rather than a structural game-changer, with specific sectoral opportunities across textiles, services, manufacturing, aviation, and pharmaceuticals. India-EU Trade Agreement Momentum Builds Speaking at the World Economic Forum in Davos … Read more
India’s widely circulated assertion that there will be “no tax up to Rs 12 lakh” under the new tax regime has been the subject of a social media post by a chartered accountant. Understanding the Rs 12 Lakh Tax-Free Claim The post highlights the fact that many individuals are unaware that capital gains are not … Read more
A government-backed savings program called the Sukanya Samriddhi Yojana (SSY) aims to protect a girl child’s long-term financial destiny. Eligibility and Account Opening For a girl child, parents or legal guardians may open an SSY account, which contains cash deposited under the program. Any Public Sector Bank branch, India Post office, or approved private banks … Read more
According to the central bank’s monthly bulletin, the Reserve Bank of India (RBI) net sold $9.71 billion in November compared to $11.88 billion in October amid increased volatility in the Indian rupee. RBI Forex Operations in November According to the data, the central bank sold $24.06 billion and bought $14.35 billion. The Indian rupee’s value … Read more