Business News Updates

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SRAM & MRAM to invest Rs 2 lakh crore in Odisha, set up semiconductor unit

Swami and the company's Odisha in-charge Debadutta Singh Deo said the group will invest Rs 30,000 crore in the first phase.

Make In Odisha Conclave 2022
Make In Odisha 2022: '30 acres in 30 days'- Odisha offers quick land allotment to investors

Investments in the priority sector and thrust sectors will receive 20% and 30% subsidies respectively, informed the state government.

Digital Rupee VS Cash VS UPI VS Digital Payments
Digital Rupee VS Cash VS UPI VS Digital Payments

You have physical cash, digital payments, UPI. And now there’s digital Rupee or the Central Bank Digital Currency or CBDC. So what’s the difference? Digital rupee will be issue d by RBI & will appear on RBI balance sheet. While normal money in digital form & recorded on commercial bank ledgers.

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A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai
Sensex hits 63k mark for first time; Nifty ends at fresh lifetime

The broader NSE Nifty advanced 140.30 points or 0.75 per cent to end at 18,758.35, its fresh record closing high.

RBI's MPC to meet soon; decision of Nov 3 meeting under wraps contrary to law
RBI's MPC to meet soon; decision of Nov 3 meeting under wraps contrary to law

The proceedings of the said MPC meeting have not been made public even though the law provides to the contrary.

RBI tighten norms for loan recovery agents
RBI to launch first pilot of retail digital rupee in 4 cities including in Bhubaneswar on Dec 1

The Reserve Bank announces the launch of the first pilot for retail digital rupee (e?-R) on December 1, 2022, the central bank said in a statement on Tuesday.

Newly elected FICCI president Subhrakanta Panda felicitated 
Newly elected FICCI president Subhrakanta Panda felicitated 

Managing director of Indian Metals & Ferro Alloys Ltd (IMFA), Subhrakanta Panda has recently been elected as the president of the Federation of Indian Chambers of Commerce and Industry (FICCI).  

Odisha registers 17% growth in gross GST collection in August
Government releases Rs 17,000 crore GST compensation to states

The total amount of compensation released to the states so far, including the aforesaid amount, during 2022-23 is Rs 1,15,662 crore, official sources said.

  • Friday, 25 November 2022
  • GST
Fixed Deposit
Small Finance Banks in the hunt, offer more than 8% return on FDs; check details

Ujjivan Small Finance Bank recently announced it will pay an 8 percent interest rate on its 560-day deposits for regular customers and 8.75 percent for senior citizens. With this, Ujjivan ranked among banks that offer the highest rates among SFBs at this point.

IT Professionals to leave jobs by 2025
853 tech firms lay off over 137,492 workers globally, more job cuts coming

According to data from, a crowdsourced database of tech layoffs, 1,388 tech companies have fired a total of 233,483 employees since the onset of Covid-19, but 2022 has been the worst for the tech sector.

  • Thursday, 24 November 2022
  • Jobs
Startup applications launched for registration on MAARG Portal
Startup applications launched for registration on MAARG Portal

Officials said that to further boost the Indian startup ecosystem, currently ranked third largest globally, Startup India is focused on catalysing the startup culture and building a strong and inclusive ecosystem for innovation and entrepreneurship in India.

Supreme Court
SC dismisses Tata Power's plea against Rs 7,000 cr transmission contract awarded to Adani

A bench, headed by Chief Justice D.Y. Chandrachud and comprising Justices A.S. Bopanna and J.B. Pardiwala directed the state power regulatory commissions to frame regulations for determination of tariff within three months to effectuate a balance for creating a sustainable model of electricity regulation in the states.

TRAI notifies amendments to Regulatory Framework for Broadcasting and Cable Services

The TRAI, in the present amendments, addressed those critical issues which were suggested by the Stakeholders' Committee to avoid inconvenience to consumers while implementing the Tariff Amendment Order 2020.

Fake Review
Fake reviews on e-commerce sites: Centre launches framework for protecting consumers’ interest

The standards will be applicable to every online platform which publishes consumer reviews.

Airtel hikes minimum monthly recharge plan price by 57%

The company has stopped its minimum recharge plan of Rs 99, under which it offered 200 megabyte of data and calls at the rate of Rs 2.5 paise per second. In Haryana and Odisha, Airtel has now started offering the Rs 155-plan with unlimited calling, 1 GB data and 300 SMSes.