Inflation rate in India: The rate-setting Monetary Policy Committee headed by the RBI Governor has been mandated by the government to keep inflation within 2-6 per cent range.
Forex reserves India: The Indian rupee has been weakening over the past few weeks to hit fresh new all-time lows as the US dollar strengthened against major global currencies.
BYJUs news: Last month, the edtech major paid the remaining dues of nearly Rs 1,983 crore (over $245 million) to global VC firm Blackstone in the acquisition of Aakash Educational Services.
Business news: Inflation in food articles in September eased to 11.03 per cent, against 12.37 per cent in August.
Reliance Industries news: Its proprietary technology enables high-efficiency solar modules that can produce 20 per cent more energy over the 25-year lifetime of a solar project at significantly lower installed cost.
Business news: The Wholesale Price Index-based inflation was 13.93 per cent in July and 11.64 per cent in August, 2021.
Business news updates: This is a sharp 1.1 percentage points cut from the growth projection of 8.8 per cent for current year made in May by Moody's.
Business news: As per data, Canara Bank will raise Rs 2,000 crore, which includes Rs 1,000 crore via Basel-III Tier-II bonds, Kotak Mahindra prime Ltd will raise Rs 300 crore and Rs 175 crore via 35-month-25-day and 47-month-25-day, respectively.
Business news: ICRA expects the sectoral growth in Q1 FY2023 to be driven by the services sector (+17-19 per cent; +5.5 per cent in Q4 FY2022), followed by the industry (+9-11 per cent; +1.3 per cent).
Business news: The tax department tweeted on corporate tax collection growth in April-July in an apparent attempt to counter criticism of the 2019 reduction in tax rates for companies which was alleged to have dented the Centre's revenue collections, impacting its spending on social welfare schemes.
Business news: The collections in July this year is the second highest since the introduction of GST in July 2017, the ministry said in a statement.
The acquisition is a part of Housr's expansion plan to reach 12,000 beds by March 2023 with a combination of Housr co-living and Housr homes (rental managed homes).
Last year too, the company had announced hiring 250 individuals from the LGBTQ+ community. It hired 234 individuals, of which 198 were retained and are working with the company, it said.
BharatPe, which allows shop owners to make digital payments through QR codes, is now in 225 cities and has over 8 mn merchants onboard.
IPOs from new age loss-making technology startups, strong retail participation and huge listing gains were the other key highlights of 2021-22.
NLMC will be set up as a wholly-owned govt of India company with an initial authorized share capital of Rs 5,000 cr and paid-up share capital of Rs 150 cr, an official statement said.
Ramakrishna, through her counsel, had approached the court seeking relief from her arrest. Her plea was opposed by the prosecution. After hearing the argument of defense and the prosecution, the court dismissed the plea.
Bharti Airtel will invest up to Rs 17,000 cr on transactions with Indus Towers in next 4 financial years and Rs 20,000 cr in 2025-26, the filing said on Feb 5.
The car, a Rolls Royce Cullinan petrol model, was registered by RIL at the Tardeo Regional Transport Office in South Mumbai on Jan 31, officials aware of the matter said.
Consequent to the bloodbath, Zuckerberg personally lost 23.34 pc of his net worth. At $87.7 bn, he slipped to No 12 in the Forbes real-time billionaires index- marginally behind India's Mukesh Ambani and Gautam Adani.
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