India gives the green light to defense acquisition projects totaling Rs 2.23 lakh crore

Defense acquisition projects worth Rs 2.23 lakh crore were given initial approval by the government of India on Thursday, a move aimed at significantly enhancing the combat capabilities of the armed forces. The projects include the procurement of 97 Tejas light combat aircraft and 156 Prachand combat helicopters. The Defence Acquisition Council, chaired by Defense…

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“The Most Successful Wealth Creators in New India are Born in the 90s Without Inheritance”

Self-made entrepreneurs in India have created a staggering amount of wealth, equivalent to the GDP of Denmark, according to a report by Hurun and IDFC First. Leading the pack is Radhakrishna Damani’s DMart, valued at ₹2.3 lakh crore, followed by Flipkart, co-founded by Binny Bansal and Sachin Bansal. Startups dominate the list of top companies,…

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November Factory Purchasing Managers’ Index in China Falls Below Expectations

China’s factory activity continues to contract for a second consecutive month in November, while non-manufacturing activity has also reached a new low for the year, indicating that the world’s second-largest economy may require more robust policy support. According to data from the National Bureau of Statistics released on Thursday, the official manufacturing purchasing managers’ index…

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