Business News Updates

GM Plant In Maharashtra
Hyundai to invest Rs 6000 cr in India, acquires GM’s Maharashtra plant

As per reports, the Talegaon plant has an existing annual production capacity of 130,000 units. The company intends to make phased investments for upgrading the existing infrastructure and manufacturing equipment in the plant.

  • Friday, 19 January 2024
GDP
India's GDP to grow at 7% in Oct-Dec quarter: RBI bulletin forecast

"Our economic activity index (EAI) now casts GDP growth for Q3:2023-24 at 7 per cent," the report states. Earlier the growth rate was projected at 6.5 per cent

  • Thursday, 18 January 2024
BHEL
BHEL bags Rs 15,000 cr EPC contract from NLC India for Odisha project

According to BHEL, the equipment for the project will be manufactured at its Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur and Varanasi plants.

  • Sunday, 14 January 2024
Car Sales
India sees rise in domestic passenger vehicle sales in Dec 2023; here’s what you should know

As per a SIAM report, 2,86,390 passenger vehicles were sold in the month of December which marked a 4% Year on Year (YoY) compared to the 2,75,352 passenger vehicles sold in December 2022. However, the number was still short of the 3,34,130 units sold in the month of November 2023.

  • Saturday, 13 January 2024
Elon Musk Is Now ‘Chief Troll Officer’, changes X bio
Elon Musk Is Now ‘Chief Troll Officer’, changes X bio

Announcing the same, the SpaceX and Tesla CEO wrote on the microblogging platform, "(CTO) Chief Troll Officer".

  • Tuesday, 09 January 2024
Metro rail network in India set to leave US behind, to become 2nd largest in world
Metro rail network in India set to leave US behind, to become 2nd largest in world

“In 2014, only 248 km of metro rail was operational in India. Merely in nine years, 895 km of metro lines are operational in 20 different cities,” Union Housing & Urban Affairs Minister Hardeep Singh Puri said recently at the Urban Mobility India Conference cum Expo 2023.

Gold prices predicted to rise to 70,000
Gold prices predicted to move towards Rs 70,000

Gold prices are likely to rise further on the back of weak dollar and decline in US treasury yields. Dollar and yields have nosedived on anticipation that US Fed will start cutting rates as soon as March 2024.

  • Thursday, 04 January 2024
RBI
Inoperative, unclaimed deposits in bank account: RBI’s revised instructions to be effective from April 1

Banks shall undertake at least an annual review in respect of accounts, where there are no customer-induced transactions for more than a year.

  • Tuesday, 02 January 2024
  • RBI
SUV Manufacturing Facility
Passenger vehicle wholesales cross 4 mn mark in 2023 as SUVs take almost half of the pie

Nearly half of all passenger vehicles (PVs) going from the assembly line to dealers were SUVs, which means more Indians are gravitating towards cars costing Rs 10 lakh or more.

  • Tuesday, 02 January 2024
UPI payments
UPI transactions: All you need to know about key changes that come into effect in New Year

The National Payments Corporation of India (NPCI) have instructed payment apps to deactivate inactive UPI IDs that have not been active for more than one year.

  • Tuesday, 02 January 2024
GST collections rise 12% in April-Dec 2023 period
GST collections rise 12% in April-Dec 2023 period

The gross GST collection for April-December 2023 now works out to Rs 14.97 lakh crore which represents a 12 per cent growth over the same period of the previous year.

  • Monday, 01 January 2024
23 techies being sacked every hour for past 2 yrs, more layoffs in the offing
Year Ender: 2023, the year of layoffs

Like this, the year 2023 happened to be a turbulent year in several sectors with major companies laying off over 2 lakh employees collectively.

India emerged as a leader in IPOs in 2023: Report
India emerged as a leader in IPOs in 2023: Report

One of the biggest drivers behind this divergence was disappointment in China's post-Covid recovery.

  • Sunday, 31 December 2023
  • India
Electronic goods production in India to hit $115 bn in FY24, mobile phones at $50 bn
Electronic goods production in India to hit $115 bn in FY24, mobile phones at $50 bn

To date, during this financial year, the country has crossed $100 billion of electronics manufacturing with a major contribution of $44 billion by mobile phone manufacturing.

  • Sunday, 31 December 2023
Tesla can produce a Rs 20 lakh Electric Vehicle for Indian masses; click to know more
Tesla can produce a Rs 20 lakh Electric Vehicle for Indian masses; click to know more

Reports say that the world’s richest man is set to arrive in India during the ‘Vibrant Gujarat Global Summit’ on January 10-12 as Gujarat.

scrollToTop