Business News Updates

Oil prices fall again as Israel-Hamas conflict deepens
Oil prices fall again as Israel-Hamas conflict deepens

Brent crude, the global oil benchmark, fell by 1.2 per cent to $89 a barrel, and West Texas Intermediate (WTI) crude, the US benchmark, dropped by 1.3 per cent to trade at $84 a barrel. Last week, Brent fell by 1.8 per cent and WTI by 3.6 per cet.

  • Monday, 30 October 2023
50% of firms yet to acquire skillsets to implement DPDP Act: Report
50% of firms yet to acquire skillsets to implement DPDP Act: Report

According to ‘The India Data Protection Readiness Report’ by EY India, only 36 per cent of organisations have Data Protection Officers (DPOs) based in India, impacting their ability to manage consent and comply with the provisions of the DPDP Act. 

  • Sunday, 29 October 2023
Gold prices soar ahead of festive, wedding season
Gold prices soar ahead of festive, wedding season

The sharp increase in the price of the yellow metal comes ahead of the auspicious Dhanteras occasion for buying gold on November 10, as well as the approaching festive and wedding season when the demand for jewellery shoots up.

 Piyush Goyal
India holds trade talks with Japan, UK on sidelines of G-7 meet in Osaka

Deliberated on adding further impetus to India-Japan trade & investment ties across diverse sectors, Goyal said in post on social media platform X. 

Tatas set to write new India iPhone manufacturing story post Wistron plant acquisition
Tatas set to write new India iPhone manufacturing story post Wistron plant acquisition

Currently, iPhone 15 Plus, iPhone 12 and iPhone SE (second generation) are being manufactured/ assembled at Wistron's factory in Karnataka, which Tatas will take over.

  • Friday, 27 October 2023
Reliance Jio launches India’s 1st satellite-based Internet to connect inaccessible areas
Reliance Jio launches India’s 1st satellite-based Internet to connect inaccessible areas

Jio currently delivers high-speed broadband fixed-line and wireless services to over 450 million consumers. 

  • Friday, 27 October 2023
RBI rolls out new rules to give customers of Credit Institutions a fair deal
RBI rolls out new rules to give customers of Credit Institutions a fair deal

The move comes as part of the RBI’s move to put "a comprehensive framework in place for strengthening and improving the efficacy of the grievance redress mechanism and customer service provided by the Credit Institutions (CIs) and Credit Information Companies (CICs)".

  • Thursday, 26 October 2023
  • RBI
Renault
Renault announces eight new models for international market, some of them likely to come to India

This is backed by a reported €3 billion investment, which promises to boost the brand’s performance. Renault is aiming for a double net revenue per unit sold outside Europe in 2027, compared with 2019.

  • Thursday, 26 October 2023
Nifty tanks for fifth day on Israel-Hamas conflict
Nifty tanks for fifth day on Israel-Hamas conflict

At close, Nifty was down 0.83 per cent or 159.6 points at 19,122.2, while the Sensex tanked 522.82 points or 0.81 per cent to settle at 64,049.06.

Space sector startup Skyroot unveils indigenously built Vikram-1 rocket
Space sector startup Skyroot unveils indigenously built Vikram-1 rocket

Space, Science and Technology Minister Jitendra Singh, after unveiling the rocket, also inaugurated 'The MAX-Q Campus', the new headquarters of the start-up at the GMR Aerospace and Industrial Park at Mamidipally in Hyderabad. 

  • Tuesday, 24 October 2023
India poised to surpass Japan to become world’s 3rd largest economy by 2030: S&P
India poised to surpass Japan to become world’s 3rd largest economy by 2030: S&P

Japan is currently the third largest economy in the world next to the US and China.

  • Tuesday, 24 October 2023
Toyota
Toyota urges Centre to cut more taxes on hybrids

In its letter to the government, Toyota’s India Country Head Vikram Gulati has stated that the 5 per cent differential favouring hybrids over petrol cars is insufficient given the reduced emissions and better fuel consumption hybrids offer.

  • Tuesday, 24 October 2023
Gold expected to trend higher amid geopolitical uncertainty
Gold expected to trend higher amid geopolitical uncertainty

Contrary to the usual trend of gold moving up significantly in the weaker dollar scenario, the safe haven status has assumed significance despite a strong dollar scenario, the report said.

Mineral production index shows 12.3% growth in August year-on-year
Mineral production index shows 12.3% growth in August year-on-year

According to data released by the Indian Bureau of Mines, the cumulative growth for the April-August 2023-24 period over the corresponding period last year, was 8.3 per cent.

  • Monday, 23 October 2023
Suzuki Motors
Suzuki Motor to make India its EV export hub; plans to supply EVs to Japan, Europe

As per the report, Suzuki is not only planning to make EVs in India but it will also export those to Japan as early as 2025. It also plans to sell to Europe where demand for EVs is strong.

  • Friday, 20 October 2023
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