• Thursday, September 28, 2023
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Latest Updates from Business

Nirmala Sitharaman
NEP 2020 flexible, not imposed on states: Sitharaman

Union Finance Minister Nirmala Sitharaman on Thursday asserted that the National Education Policy (NEP) 2020 is flexible and is not imposed on states by the Centre.

RBI launches website to help locate unclaimed deposits across multiple banks
RBI launches website to help locate unclaimed deposits across multiple banks

The launch of the web portal will aid users to identify their unclaimed deposits and accounts and enable them to either claim the deposit amount or make their deposit accounts operative at their respective banks, a statement issued by RBI said. 

  • Thursday, 17 Aug 2023
  • RBI
RBI
RBI may continue with the incremental CRR provision

“As we now expect inflation to track at 6 per cent in QE December23, we delay the start of the easing cycle to 2Q24 from 1Q24. We maintain our expectation of two rate cuts of 25bps each.

  • Wednesday, 16 Aug 2023
  • RBI
Apple to export ‘Make in India’ iPhone 15 faster than ever, production to begin
Apple to export ‘Make in India’ iPhone 15 faster than ever, production to begin

Sources close to the development told IANS that Apple aims to deliver locally-assembled iPhone 15 as soon as it is launched globally in the middle of next month, in order to narrow the launch-to-availability gap and increase its exports from India to other nations.

  • Wednesday, 16 Aug 2023
  • Apple
Govt policies helped India become world's 3rd largest startup ecosystem: PM Modi
Govt policies helped India become world's 3rd largest startup ecosystem: PM Modi

The government has recognised as many as 98,119 entities as startups as on April 30 this year

  • Tuesday, 15 Aug 2023
Indian Rupee
Rupee declines below Rs 83 against US dollar 

The strengthening of the dollar against the Indian rupee is attributed to an increase in the US dollar index to 103 and the US bond yield to about 4.18 per cent. 

  • Monday, 14 Aug 2023
Work From Home: 80% of bosses regret earlier return-to-office plans
Work From Home: 80% of bosses regret earlier return-to-office plans

According to the US-based firm Envoy, over half (54 per cent) of managers report having to forgo making a critical workplace decision because they didn't have access to the necessary data to support it. This number increases to 62 per cent for managers in the consumer goods industry.

  • Monday, 14 Aug 2023
Musk ready to fight at Zuckerberg’s home, Meta founder says ‘it’s time to move on’
Musk ready to fight at Zuckerberg’s home, Meta founder says ‘it’s time to move on’

Musk posted a chat with Zuckerberg on X (formerly Twitter), saying he will be in Palo Alto (California) on Monday and offered to fight on Zuckerberg's “Octagon”.

India Nepal flag
India’s Line of Credit to Nepal crosses $ 1.65 bn mark

The government of India’s LOC portfolio is more than $30 billion and is spread across more than 60 partner countries, said a statement issued by the Embassy of India in Kathmandu.

  • Saturday, 12 Aug 2023
  • India
Oil prices could go even higher if OPEC+ sticks to production cuts: IEA
Oil prices could go even higher if OPEC+ sticks to production cuts: IEA

The combined cuts, together with higher demand for oil, have already forced a sharp drawdown of reserves, the IEA said in its monthly oil market report, CNN reported.

Bombay Stock Exchange (BSE)
Sensex down by more than 300 points

The indication from the Reserve Bank of India (RBI) is that a rate cut can be expected only in Q1 of FY 25 and this will be a headwind for the market, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Air India unveils new logo and livery 'symbolising boundless opportunities and confidence'
Air India unveils new logo and livery 'symbolising boundless opportunities and confidence'

Air India’s brand-new aircraft livery and design features a palette of deep red, aubergine, and gold highlights, as well as a chakra-inspired pattern.

  • Thursday, 10 Aug 2023
RBI’s user friend technology focus on UPI in move towards cashless economy
RBI’s user friend technology focus on UPI in move towards cashless economy

Amid announcement of the decisions of the three day meeting of Monetary Policy Committee (MPC), Das said to harness new technologies and enhance the digital payments experience it is proposed to enable "Conversational Payments" on UPI

  • Thursday, 10 Aug 2023
  • RBI
RBI maintains pause for 3rd time in a row; keeps repo rate unchanged at 6.5 pc
RBI maintains pause for 3rd time in a row; keeps repo rate unchanged at 6.5 pc

Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Thursday that the committee unanimously decided to keep the repo rate at 6.5 per cent.

  • Thursday, 10 Aug 2023
  • RBI
Pepperfry co-founder Ambareesh Murty passes away due to cardiac arrest
Pepperfry co-founder Ambareesh Murty passes away due to cardiac arrest

"Extremely devastated to inform that my friend, mentor, brother, soulmate @AmbareeshMurty is no more. Lost him yesterday night to a cardiac arrest at Leh. Please pray for him and for strength to his family and near ones," he wrote.

  • Tuesday, 08 Aug 2023
Price of tomatoes, chilli heated up veg and non-veg thalis by 34%, 13% in July
Price of tomatoes, chilli heated up veg and non-veg thalis by 34%, 13% in July

According to the report, in July, the cost of cooking a vegetarian thali at home stood at Rs 33.7 (June rate Rs 26.3) whereas the cost of non-vegetarian home meal was at Rs 66.8 (June rate Rs 60).

  • Monday, 07 Aug 2023
Google offers $99 a night hotel stay for employees at HQ in hybrid work era
Google offers $99 a night hotel stay for employees at HQ in hybrid work era

The aim is to help remote employees transition into a hybrid working mode, according to a CNBC report.

Investment
Investments in country rose by 65% between 2014-15 and 2022-23

Foreign direct investments (FDI) into India have also continuously risen since 2014-15. 

  • Sunday, 06 Aug 2023
FPIs have turned sellers in Indian market after 3 months
FPIs have turned sellers in Indian market after 3 months

During the last seven trading sessions FPIs sold stocks worth Rs 8,545 crore in the cash market. Sharp spike in the US 10-year bond yield above 4 per cent is a near term negative for capital flows to emerging markets, he said.

  • Saturday, 05 Aug 2023
With a hawkish undertone, RBI-MPC may continue to retain the repo rate: Experts
With a hawkish undertone, RBI-MPC may continue to retain the repo rate: Experts

They also said there are factors other than monsoon that influence inflationary trends and the increase in input prices for the manufacturing sector is a cause of concern.

  • Saturday, 05 Aug 2023
  • RBI