Business(Airlines) Air India Sale: After a 68-year hiatus, Air India will be sold to Tata Sons, with the central government approving the group’s bid. A consortium led by SpiceJet’s Ajay Singh was outbid by Tata Group.
Category Archives: Business
Monetary policy Updates : Rates remain unchanged. GDP growth is expected to be 9.5 percent in FY22, with CPI inflation expected to be 5.3 percent this fiscal year.
Economy(RBI-India) The RBI kept key policy interest rates unchanged, as expected to support a fragile economic recovery, and reiterated an accommodative stance that supports sufficient liquidity to keep borrowing costs low for both the government and businesses, thereby stimulating investment. The RBI kept its FY22 GDP growth forecast at 9.5 percent. This includes 7.9 percentContinue reading “Monetary policy Updates : Rates remain unchanged. GDP growth is expected to be 9.5 percent in FY22, with CPI inflation expected to be 5.3 percent this fiscal year.”
As the country faces a severe coal shortage, the country’s energy exchange nearly triples.
Business The stock exchange, which is almost entirely dominated by India’s electricity trading, is attracting attention as a serious coal crisis, and the government’s intention to promote reform is altering the dynamics of the country’s electricity sector. Shares of Indian Energy Exchange Ltd., a platform where electricity producers, distributors, and businesses are increasingly accessing forContinue reading “As the country faces a severe coal shortage, the country’s energy exchange nearly triples.”
Centre grants Rs 40,000 crore to States/UTs to address GST compensation shortfall
GST compensation To offset the shortfall in goods and services tax compensation, the Centre on Thursday provided Rs 40,000 crore to the States and UTs with Legislature through a back-to-back loan facility. The total money disbursed to states now stands at Rs 1,15,000 core.
6 penny stocks with solid growth and zero debt
Share market(penny stocks-India) Penny stocks which have a decent balance sheet, low or zero debt and a track record for paying dividend can fare much better against their peers. Bull market or bear market, regardless of what cycle we’re in, people are always on the lookout for ‘cheap’ penny stocks to buy.
Reliance Retail is planning to open 7-Eleven convenience stores in India.
Business(Reliance) Reliance Retail has entered into an agreement with 7-Eleven Inc of the United States to open convenience stores in India. On October 9, the first 7-Eleven store will open in Mumbai.
Google feature updates: From shopping and navigation to flight search, check out some interesting changes.
Technology Google has announced a ton of new features to help customers shop better, make search more useful, and even reduce the carbon footprint. Google has taken steps to make it easier, to find more information about products you seek out online. iOS users will see a button for Lens integrated right into the GoogleContinue reading “Google feature updates: From shopping and navigation to flight search, check out some interesting changes.”
Pre-budget meeting with departments will begin on October 12th.
Financial estimation of India From Tuesday, the union finance ministry will hold pre-budget meetings with several departments to finalise their FY22 revised estimate (RE) and FY23 budget estimate (BE) Ceilings for all categories of spending, including central sector and centrally supported initiatives, will be reviewed with departments during the meetings.
India can learn economic lessons from China’s Evergrande catastrophe
Business Evergrande, the world’s most indebted real estate business, has been the subject of concern in the financial and economic world in recent weeks. At the same time, the larger issue of China’s reliance on its real-estate sector for growth persists.
LIC IPO: Govt plans to allow 20% foreign investment in India’s biggest offering.
Business The Reserve Bank of India defines FDI as purchase of a stake in a listed company that’s 10% or larger by an individual or entity based abroad. Under discussion is a plan to amend FDI rules so that investors can pick up the stake without the government’s approvaL. India is considering a proposal forContinue reading “LIC IPO: Govt plans to allow 20% foreign investment in India’s biggest offering.”
FACT-“The moon has its own time zones.”
Astronomy Fact An astronomer even designed a special watch that relies on “lunations,” or the amount of time it takes for the moon to revolve and rotate around the Earth.
newsB media 