Newsmen Business Desk

As anticipated, the RBI Governor's decision to maintain key lending rates at 6.50 percent was already factored into market expectations.

RBI projects Consumer Price-based Inflation (CPI) at 5.4 percent for the current fiscal year. Against a backdrop of declining inflation to 4.87 percent in October, the MPC meeting anticipates the November inflation figures to be released next week. The government mandates the RBI to maintain CPI inflation at 4 percent with a 2 percent margin on either side.

The financial probe agency submitted the charge sheet in court on Wednesday, listing Guangwen Kyang (also known as Andrew Kuang), a Chinese national; Hari Om Rai, the Managing Director of Lava International; Rajan Malik; and Nitin Garg, the Chartered Accountant, as accused parties. The comprehensive charge sheet spans 400 pages.

The growth in EV adoption is expected to be driven primarily by two-wheelers and three-wheelers, with a projected penetration of over 45%. Four-wheelers, specifically cars, are also expected to grow to more than 20% penetration by 2030.

This potential sale comes after SoftBank sold a 1.09% stake in Zomato in October through a bulk deal worth Rs 1,040.5 crore via its venture capital fund SVF Growth. In August, SoftBank also sold a partial stake in Zomato through bulk deals, generating Rs 947 crore.

This check, bearing the "Apple Computer Company" account details from a Wells Fargo Bank branch, adds to the growing market for Jobs' signature and memorabilia.

This wage revision, effective from November 1, 2022, will span a period of five years. The IBA and bank unions formalized a Memorandum of Agreement at their meeting, outlining the terms of the agreement. The 17% increase in pay slip cost, additional loading of three percent post-dearness allowance merger, and improved pension for pensioners from 1986, including retirees under the proposed 12th bipartite settlement, were key elements of the agreement.

Sitharaman underscored the immense market potential in India, equivalent to that of several jurisdictions combined, emphasizing the rarity of finding such a large market within a single country.

The CEA's message was unequivocal – corporations should proactively invest rather than hoard funds. He warned against waiting for demand to naturally rise before initiating investments, asserting that such a passive approach would only postpone the creation of favorable demand conditions.

Sitharaman emphasized India's position as the world's second most sought-after manufacturing destination and credited the Make in India program and Prime Minister Narendra Modi's schemes for the sector's significant 13.9% contribution to the economy. She underscored the growth across all sectors, pointing to the Purchasing Managers Index (PMI) in November, which stood at 56, indicative of sustained expansion.