Business News Updates

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.

Top leaders feel AI will touch every aspect of Indian tech industry in 2024
Top leaders feel AI will touch every aspect of Indian tech industry in 2024

In the next year, businesses will transform the way they measure performance and productivity to focus on outcomes like products launched or leads generated, instead of inputs.

RBI
RBI issues directions on Internal Ombudsman rules for banks, NBFCs

"These instructions are expected to further strengthen the IO mechanism and in turn, the Internal Grievance Redress system in regulated entities apart from providing ease of compliance," the RBI said in a release.

  • Friday, 29 December 2023
  • RBI
Elon Musk
Elon Musk returns as world's richest man; net worth of richest persons up $1.5 trillion

Musk earned an additional $95.4 billion through Thursday's close, boosted by the success of Tesla and SpaceX, after losing $138 billion in 2022, according to the Bloomberg Billionaires Index.

Cabinet approves Minimum Support Price for Copra for 2024 season
Cabinet approves Minimum Support Price for Copra for 2024 season

As part of the commitment made in the Union Budget of 2018-19, the government aims to fix MSPs for all mandated crops at a minimum of 1.5 times the all India weighted cost of production to ensure fair returns for cultivators.

  • Wednesday, 27 December 2023
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