Business News Updates

New Rs 2000 notes
Rs 2000 notes totalling Rs 9760 cr still with public: RBI

The Rs 2,000 bank notes were introduced in November 2016 following demonetisation of the then prevailing Rs 1,000 and Rs 500 bank notes.

  • Friday, 01 December 2023
  • RBI
Nifty at record high
Nifty at record high; Sensex jumps over 300 points

Wipro, HCL Tech, Infosys, Tech Mahindra, Titan and Mahindra & Mahindra were among the laggards.

  • Friday, 01 December 2023
Union Cabinet approves terms of reference for 16th Finance Commission
Union Cabinet approves terms of reference for 16th Finance Commission

According to an official statement issued on Wednesday, the terms of reference for the 16th Finance Commission are:

  • Wednesday, 29 November 2023
Mercedes-Benz
Cars to get dearer from New Year as Tata, Merc mull price hikes after Maruti and M&M

While Tata Motors said it is considering increasing the prices of its passenger and electric vehicles in January 2024, Mercedes-Benz India also said it is likely to hike prices from January.

  • Tuesday, 28 November 2023
Ashwini Vaishnaw
Over 99% mobile phones used in India are made in India: Ashwini Vaishnaw

"They (Opposition) don't know that 99.2 per cent of the mobiles used here are manufactured in India. Presently, there are many cell phone manufacturing units in the country," he stated.

  • Tuesday, 28 November 2023
  • India
International Sugar Organisation
India declared Chair of 90-nation International Sugar Organisation

The decision taken in the 90-nation ISO's 63rd council meeting, is a huge achievement for the country which reflects the growing stature of the country in the sugar sector, the Food Ministry said on Friday.

  • Friday, 24 November 2023
  • India
DGCA greenlights Air India, IndiGos aircraft imports
Medical emergency forces IndiGo flight to land in Karachi; passenger declared dead on arrival

Acting swiftly, the pilot diverted the flight to Karachi to seek immediate medical attention for the affected passenger. Upon landing in Karachi, a doctor promptly attended to the passenger, but despite the efforts, the person could not be saved as he was declared dead on arrival.

  • Thursday, 23 November 2023
Elon Musk
Tesla likely to make India entry in 2024 with its most affordable EV

According to the report, Tesla is planning to launch Model Y Crossover, as its first model to be available in the country. The same model will be launched in Germany too.

  • Thursday, 23 November 2023
  • Tesla
Gold prices shoot up to 3-week high
Gold prices shoot up to 3-week high

The price of gold in the international market on Wednesday was $2,000.38 per ounce on Wednesday.

  • Wednesday, 22 November 2023
DGCA imposes Rs 10 lakh fine on Air India for ignoring passenger-centric norms
DGCA imposes Rs 10 lakh fine on Air India for ignoring passenger-centric norms

The DGCA said that it carried out inspections at Delhi, Kochi and Bangalore Airports of Scheduled Domestic Operators in the months of May and September to ascertain the discharge of their obligations related to facilities/compensation provided to the passengers as per provisions laid down in regulations.

 Piyush Goyal
India can make Global South a key player in supply chain: Piyush Goyal

Goyal said that the crisis of Covid-19 pandemic, impact of climate change and raging geopolitical tensions have disrupted and underscored the fragility of global supply chains.

RBI
RBI gives permission to banks to open special accounts to help exporters in rupee trade

The RBI had, on July 11 last year, put in place an additional arrangement for invoicing, payment, and settlement of exports/imports in INR through Special Rupee Vostro Accounts of the correspondent banks

  • Friday, 17 November 2023
  • RBI
Banks, NBFC Stocks Fall As RBI Moves To Curb Risk In Consumer Lending
Banks, NBFC stocks drop as RBI moves to curb consumer lending risk

Among the heavyweights, Axis Bank is down 3 per cent, SBI is down 3 per cent, Bajaj Finance is down 1.8 per cent.

  • Friday, 17 November 2023
  • RBI
UCO Bank
UCO Bank files CBI case in Rs 820 crore online funds transfer fiasco

The incidents occurred between November 10 and November 13, and the facility was stopped on Wednesday, it said in the stock exchange filing.

  • Friday, 17 November 2023
Gold rises Rs 410; silver up Rs 1,700
Gold rises Rs 410; silver up Rs 1,700

The precious metal had closed at Rs 60,800 per 10 grams in the previous trade.

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