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Business News Updates

World Bank
World Bank warns of rising global recession risk amid simultaneous rate hikes

Investors expect central banks to raise global monetary policy rates to almost 4 percent through 2023, an increase of more than 2 percentage points over their 2021 average, it said.

Todays Gold Prices
Check gold and silver prices in Bhubaneswar, Cuttack today

Gold is being traded at Rs 5175 per gram (GST 995) and at Rs 5150 (Cash 995) in Cuttack.

RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley
RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley

The RBI has lifted the repo rate by 140 basis points and surplus liquidity has fallen significantly (now $19.1 billion from $89 billion in January 2022), pushing the weighted average call rate to 5 per cent from 3.5 per cent in April.

Sensex falls over 500 points
Sensex falls over 500 points in early trade amid weak global markets

The BSE benchmark ended 412.96 points or 0.68 per cent lower at 59,934.01 on Thursday. The Nifty dipped 126.35 points or 0.7 per cent to settle at 17,877.40.

Fuel price updates: Check petrol, diesel rates at different places in Odisha on Sept 3
Know petrol and diesel prices in Odisha on September 16

In Capital Bhubaneswar, petrol and diesel are being sold at Rs 103.19 and Rs 94.76 respectively, while the rate of fuel is Rs 103.28 for petrol and Rs 94.84 for diesel in Cuttack.

Medicines
Indian pharma industry likely to grow to $130 bn by 2030

The Indian pharma industry is currently valued at $49 billion and is the third largest in the world. India supplied medicines to over 200 countries in the world, he said.

Odisha govt invites industries to explore investment opportunities in state
Odisha govt invites industries to explore investment opportunities in state

While addressing the Odisha Investors' Meet on Wednesday evening, Chief Minister Naveen Patnaik urged industries to explore investment opportunities in the state during The Make in Odisha Conclave 22' that will be held in Bhubaneswar from November 30 to December 4.

Gold Price
Check rates of Gold, Silver in Odisha's Twin City today  

Factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.

Amazon and Flipkart's Festive Sale
Flipkart, Amazon Festive Sale from Sept 23: Know the deals and offers

Both the e-commerce sites will be offering a wide variety of products ranging from electronics, mobile to fashion and grocery items.

Know petrol, diesel prices in Odisha on Sept 15
Know petrol and diesel prices in Odisha on September 15

As prices of petroleum products have now been aligned to market rates, fuel prices will rise each time, global crude prices rise and the rupee falls against the dollar.

Milk
India: From a milk deficit country to world's largest producer

'Operation Flood' helped quality milk reach consumers across 700 towns and cities through a National Milk Grid.

Indian Trade Deficit
India's merchandise trade deficit stood at $27.98 bn in August

India's merchandise trade deficit went up to $27.98 billion in August, up from $11.71 billion for the same month in 2021.

E Commerce
E-com entities may face heavy penalty for posting fake reviews

Soon e-commerce entities may face heavy penalty for posting fake reviews of products, as the government is finalising guidelines to curb such practices.

ED seizes gold, silver worth Rs 47.76 crore during raids in private firms
ED seizes gold, silver worth Rs 47.76 crore during raids in private firms

An official said that the company duped banks and took loans to the tune of Rs 2296.58 crore.

NITI Aayog CEO Parmeswaran Iyer
Niti Aayog CEO highlights importance of financing for Evs

NITI Aayog CEO called for reducing risks in financing for electric vehicles Electric Vehicles.

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