India Poised to Become Third Largest Economy by 2030; BYJU’s CFO Ajay Goyal Resigns
Global Bank Chief Warns of Risks in Israel-Hamas Conflict
Ajay Banga, the head of the World Bank, stated that the Israel-Hamas conflict poses serious threats to the global economy and its development. S&P Global Market Intelligence forecasts that by 2030, India may become the world’s third-largest economy.
Axis Bank to Announce Q2 Results Today
Axis Bank is set to announce its financial results for the second quarter of the fiscal year 2023-24 today. Besides that, Tech Mahindra and Jubilant Foodworks will also release their results.
Stock Markets May Witness Gains Today
The stock markets might see gains today, as they were closed on Tuesday due to Dussehra. On the last trading day, the Sensex closed at 64,571, down 825 points, while the Nifty closed at 19,281, down 260 points.
Petrol and Diesel Prices Unchanged Today
There were no changes in the petrol and diesel prices today. In Delhi, petrol was sold at ₹96.72 per liter, and diesel at ₹89.62 per liter. In Mumbai, petrol was priced at ₹106.31 per liter, and diesel at ₹94.27 per liter.
Renault India to Unveil New Compact SUV
Renault India will unveil a new compact SUV in the global market today. The company had recently released a teaser for the car, revealing its first look. After the launch in Brazil, it will be available in other markets as well.
Israel-Hamas Conflict Poses Global Economic Risk: World Bank Chief
The World Bank President, Ajay Banga, addressed a gathering in Saudi Arabia, emphasizing that the world faces a highly perilous situation. He said that many geopolitical tensions, including the recent Israel-Gaza conflict, have an impact on the world economy, which could be significant in one go, affecting its economic growth.
India Set to Become the World’s Third-Largest Economy by 2030
India could potentially overtake Japan to become the world’s third-largest economy by 2030, according to S&P Global Market Intelligence. They anticipate India’s GDP to reach $73 trillion by 2030. As per the S&P Global India Services Purchasing Managers’ Index (PMI), India is expected to maintain its economic growth in 2021, 2022, and into 2023. India’s GDP growth is estimated to be 6.2-6.3% in FY24, ending on March 31, 2024.
BYJU’S CFO Ajay Goyal Resigns
Ajay Goyal, the Chief Financial Officer (CFO) of BYJU’S, the country’s largest ed-tech company, has resigned from his position. He joined the company six months ago and will now rejoin Vedantu, another ed-tech firm. Goyal completed the audit process for the fiscal year 2021-22 and then resigned. The company has appointed veteran education-technology expert Pradeep Kanakia as a senior consultant in addition to promoting Nitin Golaani, Director (Finance), as the company’s CFO.
