- Business
- December 6, 2024
RBI MPC Meeting: Repo Rate Unchanged At 6.5%, Cuts CRR By 50 bps
The Reserve Bank of India ( RBI ) has opted to keep the benchmark repo rate unchanged at 6.5 per cent for the eleventh consecutive meeting. The RBI’s Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, maintained its “Neutral” stance, highlighting its focus on achieving price stability while supporting economic growth.Governor Das emphasised that while growth remains a priority, price stability is…
- Business
- December 6, 2024
India’s Growth Offers Phenomenal Opportunities to American Investors: K V Subramanian
Washington: Of the belief that India is headed to be a USD 55 trillion economy by 2047, India’s Executive Director at the IMF Dr K V Subramanian on Thursday said India’s growth offers phenomenal opportunities to American investors. Subramanian said this during the launch of his latest book “India@100: Envisioning Tomorrow’s Economic Powerhouse”. “The opportunities that are available for the American investors actually…
- Business
- December 5, 2024
Billionaires’ List Shrinks as China Hit by Economic Slowdown
Beijing: The number of billionaires in China fell to 427 in 2024 from last year’s 520 following the slowdown in the economy, Switzerland-based multi-investment bank UBS said on Thursday. The total wealth of these billionaires decreased by 20 per cent to about USD 1.4 trillion highlighting the impact of economic slowdown on the world’s second-largest economy on the once flourishing private sector. Plagued…
- Business
- December 5, 2024
Putin Expresses Interest In Manufacturing In India, Commends ‘Make In India’ Movement
Russian President Vladimir Putin praised Prime Minister Narendra Modi on his “India-first” policy and the “Make in India” initiative at the 15th VTB Russia Calling Investment Forum in Moscow. According to the Russian President, India fosters a stable environment for growth, emphasising how these policies have contributed to India’s development. What Is The ‘Make In India’ Initiative? The ‘Make In India’ initiative, aimed…
- Business
- December 5, 2024
Project Starlight: This Company Set To Invest Rs 6,000 Crore In India | Details Here
Chinese smartphone maker OnePlus on 5th December 2024 said it plans to invest up to Rs 6,000 crore in its India business over the next three years. OnePlus Investment: Plan Of Action The company plans to invest Rs 2,000 crore annually for the next three years under ‘Project Starlight’ to boost product innovation and improve services in India. “OnePlus on Thursday announced an…
- Business
- December 5, 2024
Gold Prices Up Or Down? Check Prices For 24K, 22K, 18K Gold Today
Gold is seen as a valuable and valuable investment in the Indian household, and is purchased across occasions like festivals, weddings, birthdays, childbirth, and other auspicious occasions. The price of gold fluctuates daily, depending on logistics, currency fluctuations, and changing international currency, among other reasons. Gold Price Gold price is up by Rs 234.04, an increase of 0.10 per cent. However, the…
- Business
- December 5, 2024
Ambani’s Viacom 18 Finally Gets JioHotstar.com Domain From Dubai Kids – Here’s Interesting Backstory
Mukesh Ambani’s Viacom 18 finally acquired the JioHotstar.com website domain from Dubai-based siblings Jainam and Jivika with the domain now belonging to Manish Painuly, senior director at Viacom18, according to open source data available on WHOIs Lookup. Image credit: Whois.com According to the records, the domain now belongs to Viacom 18 Media Pvt Limited with the address registered from its Parle East Office…
- Business
- December 5, 2024
Bitcoin Tops $100K For First Time! But What’s The Putin Connection?
Bitcoin Crosses $100K: Bitcoin, the most valuable cryptocurrency in the world, has breached the landmark price of $1,00,000 for the first time in its history, leading to a strong bull run in the crypto markets. The cryptocurrency gained as much as 6.59 per cent in the last 24 hours to break past the highly anticipated level after it received support from its newest…
- Business
- December 4, 2024
SDP Status Not Needed For Digital Platforms: SEBI’s Important Update
New Delhi, Dec 4 (PTI) Market regulator Sebi on Wednesday clarified that digital platforms, used by registered or regulated entities to associate with third parties, are not obligated to seek recognition as Specified Digital Platforms (SDPs). The market regulator also stated that there is currently no regulatory framework in place for governing SDPs. An SDP is a digital platform approved by Sebi that…
- Business
- December 4, 2024
‘Safe, Stable’ – FM Nirmala Sitharaman On Public Sector Banks
Finance Minister Nirmala Sitharaman on Tuesday said that the public sector banks are safe, stable and healthy and have performed “exceptionally well” in recent years earning Rs 85,520 crore profit in the first six months of the current fiscal. Replying to a debate on the Banking Laws (Amendment) Bill, 2024, the minister said that all the Public Sector Banks have turned profitable. The…
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