Business News Updates

India saw 18 new GCCs in 1st half this year, tier 2 cities gain prominence
India saw 18 new GCCs in 1st half this year, tier 2 cities gain prominence

The country's technological capabilities to drive innovation, availability of highly skilled digital talent, mature tech start-up ecosystem, and the peer GCC ecosystem are some of the key drivers that make India an attractive destination for setting up and expanding GCCs.

  • Friday, 08 September 2023
DGCA grants Air India conditional approval to use simulator
DGCA grants Air India conditional approval to use simulator

This decision enables the airline to resume pilot training, which had been halted after the regulator suspended its approval due to an audit that revealed non-compliance with regulatory standards.

Oil could hit $107 due to Saudi, Russia supply cuts
Oil could hit $107 due to Saudi, Russia supply cuts

The Wall Street bank had already factored in the possibility of high oil prices long before Russia and Saudi Arabia announced, earlier this week, that they were extending production cuts through the end of 2023, CNN reported.

Sitharaman urges Fintechs to safe-guard against cyber, crypto threats
Sitharaman urges Fintechs to safe-guard against cyber, crypto threats

Addressing these threats which are before us and active are key to building a responsible, inclusive and resilient and sustainable financial ecosystem for which Sitharaman appealed to fintechs to invest heavily to protect themselves from such threats.

 smartphone user
6 Indian companies enter top 10 digital media players’ list in FY23

The robust performance of the digital media market comprises various segments such as over-the-top (OTT) video services, audio streaming, short-form video platforms and digital gaming. 

  • Wednesday, 06 September 2023
Oil jumps above $90 as Saudi Arabia extends production cuts
Oil jumps above $90 as Saudi Arabia extends production cuts

Russia extended its voluntary decision to curb crude exports by 300,000 bpd until December 2023, acting in concert with Saudi Arabia, with the alleged aim of maintaining stability and balance in the oil markets.

  • Tuesday, 05 September 2023
AIR India
G20 Summit: Air India offers passangers one-time waiver due to travel restrictions

As per traffic advisory, people coming from Dwarka to T3 can take the Blue Line to Dwarka Sector 21 Station and then switch to the Airport Express Line to reach IGI Airport T3.

RBI to highlight digital payments infrastructure at G20 summit
RBI to highlight digital payments infrastructure at G20 summit

According to RBI sources, the RBI exhibition pavilion at the G20 summit will put up five major items for display, including the Public Tech Platform (PTP) for frictionless credit.

  • Tuesday, 05 September 2023
  • RBI
4 Financial changes coming into effect from September; know here
4 Financial changes coming into effect from September; know here

September brings financial changes: Aadhaar update deadline, last chance to exchange Rs 2,000 notes, PAN-Aadhaar link for savings, and SEBI's nomination deadline for accounts.

  • Friday, 01 September 2023
ITR filing: 4 common mistakes to avoid getting Income Tax dept's notice
ITR filing: 4 common mistakes to avoid getting Income Tax dept's notice

Income Tax sent 100,000 notices for inaccurate income reporting. CBDT reviewed 55,000. Avoid mistakes: choose right ITR form, report all income, verify, and meet deadlines (July 31).

  • Friday, 01 September 2023
Commercial LPG Cylinder Prices Cut By Rs 158
Commercial LPG cylinder prices cut by Rs 158

Earlier this week, the government had slashed prices of domestic LPG cylinder by Rs 200 for all connection holders across the country. 

  • Friday, 01 September 2023
UPI payments
UPI-based payments cross 10 bn monthly transactions for 1st time

Transactions on UPI have grown by over 50 per cent (year-on-year) and August saw 6.58 billion monthly transactions. 

  • Friday, 01 September 2023
India's GDP growth stands at 7.8% for first quarter of 2023-24, lesser than RBI's estimate of 8%
India's GDP growth stands at 7.8% for first quarter of 2023-24, lesser than RBI's estimate of 8%

However compared to 6.1 per cent growth recorded in January-March period of 2022-23, the GDP growth for the first quarter of 2023-24 was higher at 7.8 per cent.

  • Thursday, 31 August 2023
Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabiliti
Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabilities

It resolved to remain vigilant against any build-up in vulnerabilities in all segments of the Indian financial system as well as in the broader economy.

  • Monday, 28 August 2023
  • RBI
JioAirFiber to be launched on September 19
JioAirFiber to be launched on September 19

"JioAirFiber uses our pan-India 5G network and advanced wireless technologies to bypass the need for last-mile fibre," Ambani said at the 46th AGM of RIL.

  • Monday, 28 August 2023
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