Business News Updates

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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.

German automaker ZF unveils world’s first-ever transparent car
German automaker ZF unveils world’s first-ever transparent car

Sensors around the vehicle can process information in a full 360-degree field and a radar system scans the road ahead for pedestrians and stationary cars.

  • Saturday, 12 August 2023
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 August 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 August 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 August 2023
  • RBI
Know what Cryptocurrency is and stay alert for latest scams
Know what Cryptocurrency is and stay alert for latest scams

Explore cryptocurrency essentials, understand its nuances, and stay vigilant against evolving scams for a secure digital currency journey. Stay informed, stay safe.

  • Wednesday, 09 August 2023
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 August 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 August 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 August 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 August 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 August 2023
  • RBI
Centre defers import curbs on laptops, PCs till November 1
Centre defers import curbs on laptops, PCs till November 1

In a notification, issued late Friday night , the Directorate General of Foreign Trade (DGFT) announced that the restriction on import of certain category of laptops and computers will come into effect from November 1 onwards.

  • Saturday, 05 August 2023
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