The Lakhpati Didi initiative, launched in 2023, aims to enhance women's income and savings in India. Recent studies indicate that household income has increased by 61% since the program's inception. Notably, the number of women-led enterprises has surged by 48% within a year.
The country has strong domestic consumption, relatively low private-sector debt and favourable demographics, along with rapidly expanding digital and physical infrastructure. But the growth opportunity is conditional: The transition should be driven by domestic reforms rather than protectionism, Gill, a former chief economist and senior vice president for development economics at the World Bank Group, said in an interview with ET in New Delhi.
Ericsson is working with the Indian government to encourage component suppliers to establish manufacturing bases in the country, CEO Andres Vicente told ET. The telecom equipment maker is also expanding exports, design capabilities and R&D in India, while developing technology to make satellites compatible directly with handsets and other devices.
Ronald Read worked as a janitor in Vermont. He lived a simple life and saved his extra money. For decades, he bought shares in good companies and never sold them. When he died at 92, his estate was worth nearly $8 million. Regular savings and time built his secret wealth.
Amazon and Flipkart are set to begin their festive sales featuring various smartphone discounts. Smartphones such as Apple iPhone 16 and Samsung Galaxy S25 Ultra will have significant price reductions. Both platforms are offering additional bank card discounts to encourage purchases during the sales. The events are expected to attract numerous buyers looking for affordable technology. These sales aim to enhance the upcoming festive shopping experience through attractive offers.
Hindustan Aeronautics Limited is in discussions with GE Aerospace for technology transfer of advanced F414 engines. The delivery of F404 engines for LCA Mk1A has faced delays, leading to penalties imposed on GE. More than 20 engines are expected to be delivered annually by GE from 2027. The LCA Mk2 is currently under prototype production and will utilize the GE 414 engine.
The teenager was arrested after he paid an undercover FBI employee posing as a member of ISIS for an AK-47.
Dubbed the 'Putin Tax', Britons are suffering a huge economic hit due to cyber-attacks and other hostile foreign state activity.
Why are we so easily drawn to beauty? Greek philosopher Socrates offers an interesting take on attraction, suggesting beauty can draw people together and play a role in relationships, love and the continuation of the human race.