India’s central bank, the Reserve Bank of India (RBI), is anticipated to keep the repo rate steady at 6.5% during its upcoming meeting on Wednesday, marking the tenth consecutive session without a change. According to a Reuters poll, over 80% of the 76 economists surveyed forecast no adjustments to the rate, which has been maintained since February 2023. While a small group of economists predicts a 25 basis-point cut, one even expects a reduction to 6.15%. Notably, Nomura economists suggest a 55% likelihood of a rate cut in October, though they caution that the decision may be close. Market analysts…
Author: Shivani Janaki Patel
On Saturday, India granted approval for the resumption of non-basmati white rice exports, as the country’s inventories swell and farmers prepare for an upcoming harvest. This move is anticipated to bolster global rice supplies and potentially lower international prices, compelling major rice exporters like Pakistan, Thailand, and Vietnam to adjust their rates, according to traders. The Indian government has established a minimum export price of $490 per metric ton for non-basmati white rice, following a decision to eliminate the export tax on white rice entirely. This decision comes shortly after the government relaxed export restrictions on premium, aromatic basmati and…
Pranav Arora, an Indian-origin serial entrepreneur, secures a spot on USA Today’s Top 10 Emerging Entrepreneurs for 2023. The list recognizes individuals making a mark with innovative approaches and notable business achievements. Arora, currently CEO of JMTD Holdings, a private equity firm, leverages his upbringing in an entrepreneurial environment to assist early-stage businesses in funding strategies and client base expansion. Leading JMTD Holdings, Arora strategically invests in over 20 startups across medical, ecommerce, and fintech sectors. He actively supports portfolio companies, aiding founders in refining business models and securing funding rounds. Many startups advised by Arora have achieved success with…
VeriSIM Life, a pioneer in AI-enabled R&D decision de-risking for drug development, proudly shares that its founder and CEO, Jo Varshney, has achieved the prestigious Gold Stevie Award in the healthcare category during the 20th annual Stevie Awards for Women in Business. The Stevie Awards, recognizing outstanding women entrepreneurs, executives, and employees globally, received over 1,600 nominations across 100 categories this year. Varshney, honored as one of the seven finalists for the “Most Innovative Woman of the Year – Healthcare” award, has been commended for her leadership in leveraging artificial intelligence and machine learning to enhance the value of drug…
India’s highly anticipated cricket match against arch-rivals Pakistan will take place at the grand Narendra Modi Stadium in Ahmedabad, as announced jointly by the International Cricket Council (ICC) and the Board of Control for Cricket in India (BCCI) during a special event in Mumbai, 100 days ahead of the tournament. The tournament will commence on October 5 in Ahmedabad, with the final match scheduled for November 19 in the same city. The semi-finals will be held on November 15 and 16 in Mumbai and Kolkata, respectively. Over a span of 46 days, the tournament will include 45 league matches and…
Did you know that ONE in every FIVE Indians may suffer from depression? The World Economic Forum reported a study conducted in 2015 by the World Health Organization that found one in every five Indians likely struggles with depression throughout the course of their life. That is 20% of the population, out of which only 10-12% seek out support. Given the current population, that would mean that even though one in five Indians are suffering, only one in fifty seek out help. That’s 2% of the population – 2% of 1.36 billion. So, why is there such a discrepancy between…
