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business

Indian IPOs have raised staggering ₹ 1.22 lakh crore in 2024, per report

While public issues raised a total of ₹ 17,109 crore in August, it was followed by ₹ 11,058 crore in September and an all-time monthly record of around ₹ 38,700 crore in October. Previously, November 2021 held the record for the maximum IPO fundraising at ₹ 35,664 crore.

India-UK flags

UK unveils measures to boost intra-Commonwealth trade, supports India hub for female-led businesses

The UK has also indicated plans to increase its military and economic presence in the Indo-Pacific to support regional stability, including proposals for increased navy patrols to boost maritime security, combat illegal fishing and respond to natural disasters in the region.

Tata Trusts announces organizational restructuring; will eliminate COO and CFO roles as cost-cutting measures

The decision follows an internal audit and financial assessment by the trustees, which revealed a sharp increase in staffing expenses, estimated at over ₹180 crore.

Finance Minister Sitharaman discusses MDBs reforms with World Bank President

The two discussed issues related to private capital participation in Global Public Goods, Energy security, and Multilateral Development Banks (MDBS) reforms on the sidelines of the World Bank and IMF Annual Meetings.

IMF

At projected growth of 7% in FY24-25, India set to remain world’s fastest-growing economy, says IMF official

In terms of other fundamentals, the Director for the IMF Asia Pacific Department said, "despite elections, the fiscal consolidation remains on track. Reserve position is pretty good. Macro fundamentals, generally speaking, for India are good."

Tesla CEO Elon Musk questions college education system, says practical skills more valuable than college degrees

This is not the first time Elon Musk has expressed skepticism toward traditional education. In 2019, he said that a college degree was not essential to work for Tesla.

Union Minister of Commerce and Industry Piyush Goyal

Union Minister Piyush Goyal says H1B visa thing of past after recent US visit

Goyal made the statement during a meeting at Vanijya Bhavan in New Delhi where he underlined the need to focus on building strategic partnerships rather than just discussing visa-related topics.