BUSINESS
Spotify arrives in South Korea amid fierce competition
The service, which originally launched back in 2008, has more than 60 million songs and over 320 million users across 93 markets. The latest launch comes amid the growing presence of K-pop in global markets. The service said it has been running K-pop playlists since 2014 and noted last year that the portion of K-pop listening has jumped by more than 2,000 percent over the last six years, with total streaming time reaching 180 billion minutes.
RBI appoints external IT firm for special audit of HDFC Bank's IT infra
Last December, the RBI asked HDFC Bank to temporarily stop all launches of the digital business generating activities and sourcing of new credit card customers, after outages in the bank's online facilities or payment utilities occurred over the past 2 years, including the incident in the internet banking and payment system on November 21, due to a power failure in the primary data centre.
66% of middle-income group expected more from Union Budget 2021
To a question on being the middle class did you expect more from the budget, 66 per cent of the middle-income group said they expected more. On the other hand, the high-income group is most dissatisfied with the Budget presented by Finance Minister Nirmala Sitharaman on Monday. 52.8 per cent of respondents of this segment said no to a question on whether the Budget presented by the Finance Minister met your expectations.
Post Budget, petrol, diesel prices remain unchanged
The OMCs also ignored the signals given by the international market where oil prices rose sharply by over 1 per cent nearing $57 a barrel. This would have normally pushed OMCs into raising petrol and diesel prices to reduce their under recovery. With prices on hold on Tuesday, petrol continued to be available at new record high of Rs 86.30 a litre in Delhi while diesel is available at Rs 76.48 a litre.
Elon Musk to send 1st all-civilian mission to space this year
SpaceX will chose three people to ride alongside Isaacman to orbit the planet aboard SpaceX's Crew Dragon capsule every 90 minutes along a customised flight path. Upon conclusion of the multi-day journey, Dragon will reenter Earth's atmosphere for a soft water landing off the coast of Florida.
Share Market: Sensex reclaims 50,000 over Budget euphoria
Investors continued to cheer the fact that the budget did not announce any additional burden in terms of taxes or cess on citizens and corporates. Healthy buying was witnessed in banking, finance and auto stocks. Banking stocks surged after the Finance Minister announced that two public sector banks will be privatised apart from the IDBI Bank in the upcoming financial year.
India's own 'Cash for Clunkers' announced, auto stocks jump
The long-awaited policy move that is expected to encourage new vehicle purchases was announced during the Budget 2021-22 presentation in Parliament on Monday. However, the finer details of the scheme will be announced later.
Personal Tax: Mostly procedural relief proposed for FY22
The proposals presented to the Parliament by Finance Minister Nirmala Sitharaman exempted senior citizens of 75 years and above, who are dependent on pension and interest income from filing income tax returns. However, the paying bank will deduct the necessary tax on their income.
Thrifty Budget: Massive spending spree proposed to unleash growth
In her third budget presentation in the Parliament on Monday, Finance Minister Nirmala Sitharaman proposed to unleash massive fiscal expansion in 2021-22 on the back of high borrowings, fire sales and an agricultural cess. However, no adverse impact is set to come on prices as the Centre made prior duty adjustments before imposing the cess.
Union Budget 2021: Mamata Banerjee calls it 'anti-people'
Mamata said the budget will increase prices of the essential commodities. The West Bengal Chief Minister dubbed the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) as a vindictive government.
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