Business News

RBI maintains status quo, keeps repo rate unchanged at 6.5%
business

RBI maintains status quo, keeps repo rate unchanged at 6.5%

RBI Governor Shaktikanta Das said the monetary policy focus remains to align inflation at 4 per cent target

RIL AGM 2023: Mukesh Ambani to remain Reliance Chairman & MD for next 5 years
business

RIL AGM 2023: Mukesh Ambani to remain Reliance Chairman & MD for next 5 years

Mukesh Ambani said he will especially mentor Akash, Isha and Anant so that they can provide collective leadership and dependably take Reliance to greater heights of growth and value in the decades ahead

At RIL AGM, Mukesh Ambani hails Network18's 'great progress' in becoming top news network
business

At RIL AGM, Mukesh Ambani hails Network18's 'great progress' in becoming top news network

Pointing RIL’s progress in the media and entertainment sector, Mukesh Ambani said the business 'created a huge disruption last year, with JioCinema leading the way'

‘JioBharat Phone is about digital democracy and empowerment at its best’: Suhel Seth
business

‘JioBharat Phone is about digital democracy and empowerment at its best’: Suhel Seth

Experts of the telecom industry are calling the JioBharat V2 Phone a gamechanger for the industry, as it will bring affordable 4G high speed internet to a lot of people. Suhel Seth, the Chairman of CII Branding and Marketing Committee, calls it 'empowerment at its best.'

LPG price hike: Pay Rs 101 more for 19 kg commercial LPG cylinder from Nov 1; check latest rates
india

LPG price hike: Pay Rs 101 more for 19 kg commercial LPG cylinder from Nov 1; check latest rates

The cost of 14.2 kg domestic LPG, which is used in households for cooking, remained steady and unchanged

Akash, Isha & Anant Ambani get Reliance Industries shareholders' nod for appointment to board
business

Akash, Isha & Anant Ambani get Reliance Industries shareholders' nod for appointment to board

Akash Ambani garnered 98.06% nomination, while Isha Ambani got 98.21%. Anant Ambani's appointment to Reliance Industries' board received 92.76% votes

TV18 Broadcast revenue jumps 22% YoY in Q2 led by news business, movie studio, sports vertical
business

TV18 Broadcast revenue jumps 22% YoY in Q2 led by news business, movie studio, sports vertical

TV18’s news revenue growth was underpinned by the strong viewership share that the network has achieved over the last eighteen months which has helped it to improve pricing across the network

Network18 Q2 YoY operating revenue jumps 20% to Rs 1,866 crore
business

Network18 Q2 YoY operating revenue jumps 20% to Rs 1,866 crore

During the quarter, the company has taken a number of steps that will result in revenue visibility for years. The foremost being Viacom18’s acquisition of media rights for the BCCI International and Domestic matches

India to surpass Japan to become third largest economy in Asia by 2030: S&P Global
business

India to surpass Japan to become third largest economy in Asia by 2030: S&P Global

S&P Global said the long-term outlook for the Indian economy is supported by a number of key growth drivers

China's economic growth slows to 4.9% in third quarter from 6.3% in the second
business

China's economic growth slows to 4.9% in third quarter from 6.3% in the second

The world’s second-largest economy grew 4.9% year-over-year in the July-September quarter, beating the 4.5% forecast by analysts but slowing from the 6.3% growth in the previous quarter, according to official data released Wednesday

India's wealthiest woman Savitri Jindal crosses Top 5 threshold on Forbes India's 100 Richest 2023 list
business

India's wealthiest woman Savitri Jindal crosses Top 5 threshold on Forbes India's 100 Richest 2023 list

A power and steel conglomerate, OP Jindal Group's net worth is at  $24 billion, up by 46 per cent. Meanwhile, Savitri Jindal's net worth stands at Rs199,656.00 crore

Forbes India Richest List 2023: Mukesh Ambani reclaims top spot, Savitri Jindal wealthiest woman
business

Forbes India Richest List 2023: Mukesh Ambani reclaims top spot, Savitri Jindal wealthiest woman

Reliance Industries Chairman Mukesh Ambani has reclaimed the top spot among the richest Indians in 2023 with his total net worth increasing $4 billion to $92 billion as compared to last year, according to Forbes‘ latest ‘India’s 100 Richest 2023

IMF projects faster economic growth for Pakistan; sets growth rate at 2.5 per cent for 2023
business

IMF projects faster economic growth for Pakistan; sets growth rate at 2.5 per cent for 2023

The International Monetary Fund's (IMF) World Economic Outlook for October, released on Tuesday, forecasts a growth of 2.5 per cent for the country's economy in the current year, doubling to 5 per cent in the next fiscal year

US defence stocks jump as attack on Israel from Hamas renew Wall Street's focus on security industry
business

US defence stocks jump as attack on Israel from Hamas renew Wall Street's focus on security industry

The war in Israel has sparked fresh concern about geopolitical risk among investors who have already been grappling with the impact of elevated interest rates and signs of trouble in China’s economy

Indians still hold Rs 12,000 cr in Rs 2,000 notes that will go out of circulation soon
business

Indians still hold Rs 12,000 cr in Rs 2,000 notes that will go out of circulation soon

RBI Governor Shaktikanta Das said, so far, nearly 87 per cent of Rs 2,000 banknotes have been returned to the banks in form of deposits

How women are unlocking financial inclusion in rural India
business

How women are unlocking financial inclusion in rural India

The collective efforts of fintech, governments and financial institutions are paving the way for a more inclusive and equitable society

India’s GDP growth for FY23/24 to be at 6.3%, forecasts World Bank
india

India’s GDP growth for FY23/24 to be at 6.3%, forecasts World Bank

The World Bank said it observed that India was one of the fastest-growing major economies in financial year (FY) 2022-2023 at 7.2 per cent, despite significant global challenges

Time to invest in India: Global brokerage Nomura upgrades India to overweight zone
business

Time to invest in India: Global brokerage Nomura upgrades India to overweight zone

Nomura has suggested a mix of stocks with reasonable relative valuations and domestic growth areas including ICICI Bank, Axis Bank, L&T, Reliance, ITC and MedPlus Health

Byju’s to slash 5,000 more jobs to decrease costs: Report
business

Byju’s to slash 5,000 more jobs to decrease costs: Report

The edtech firm, valued at $22 billion last year, has experienced a series of business setbacks, including its auditor and board members quitting. In the last few months, it has also been negotiating the repayment of a $1.2 billion loan

How AI has influenced diamond trading business
business

How AI has influenced diamond trading business

In the world of diamond trading, AI is the catalyst for a transformative journey