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Latest Updates from Business

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
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 Aug 2023
India smartphone market dips 6% in Q2, 5G grows 45%: Report
India smartphone market dips 6% in Q2, 5G grows 45%: Report

According to CyberMedia Research (CMR), Samsung (18 per cent), Vivo (15 per cent) and Xiaomi (15 per cent) captured the top three spots in the smartphone leaderboard in Q2 2023, followed by realme (12 per cent) and OPPO (10 per cent).

  • Friday, 04 Aug 2023
Import restrictions on PCs, tablets to ensure trusted hardware & systems: Centre
Import restrictions on PCs, tablets to ensure trusted hardware & systems: Centre

The Centre on Friday allayed consumer fears about the notification on restricting the imports of PCs, laptops and tablets, saying the objective is to ensure trusted hardware and systems and increase domestic manufacturing in these hardware categories.

Tesla
Tesla leases its first Indian office in Pune

As per a report by the Hindustan Times, Tesla’s Indian subsidiary has entered into a five-year lease agreement with Tablespace Technologies Pvt Ltd for 5580 square feet of office space at Panchsheel Business Park, Viman Nagar in Pune.

  • Thursday, 03 Aug 2023
'India's macro challenge for decade ahead is to achieve sustained high, stable and inclusive growth'
'India's macro challenge for decade ahead is to achieve sustained high, stable and inclusive growth'

A paramount test will be whether India can become the next big global manufacturing hub, an immense opportunity.

  • Thursday, 03 Aug 2023
Centre restricts import of laptops, PCs & tablets
Centre restricts import of laptops, PCs & tablets

A notification issued by Directorate General of Foreign Trade (DGFT) on Thursday said that though import of these items will be allowed against a licence, certain use cases have been exempted from the restrictions.

Toyota Innova Hycross
Innova Hycross Hybrid outsells Maruti Grand Vitara and HyRyder Hybrids combined

As per a Cartoq report, the Toyota Hycross Hybrid has taken the lead in the Q2-2023 sales, reaffirming its position as a preferred choice among buyers.

  • Wednesday, 02 Aug 2023
Gold gained on Fitch downgrade US credit rating
Gold gained on Fitch downgrade US credit rating

Be that as it may, a policy rate cut by the US Federal Reserve combined with higher-than-average inflation will result in a structural up move in gold prices, said Quantum Asset Management Company (AMC).

More than 6 crore ITRs filed till July 31, 16% more than last year, says IT Department
More than 6 crore ITRs filed till July 31, 16% more than last year, says IT Department

This was 16.1 per cent more than the 5.83 crore ITRs which were filed for the assessment year 2022-23, till July 31, 2022.

  • Tuesday, 01 Aug 2023
Online gamers from small towns seek withdrawal of 'punitive' 28% GST
Online gamers from small towns seek withdrawal of 'punitive' 28% GST

These gamers have been playing online games as a passion and also to earn extra money to support their living.

  • Tuesday, 01 Aug 2023
  • GST
Rs 2000 notes
Withdrawal of Rs 2000 notes: Utilise next 2 months & avoid rush, RBI advises public

It is pertinent to mention here that the RBI had announced the withdrawal of the Rs 2,000 banknotes from circulation through a notification issued on May 19, 2023.

  • Tuesday, 01 Aug 2023
  • RBI