BUSINESS
RBI Allocates Rs 5,000 Crore to Alleviate Liquidity Concerns for Primary Dealers
The central bank's decision to release this amount is grounded in a thorough assessment of the current and evolving liquidity conditions. As part of this initiative, individual SPDs will be informed of their incremental limits separately. It is crucial to note that all other terms and conditions governing this facility shall remain unaltered.
Zee Expresses Unawareness of Disney Star's Next Moves Regarding License Agreement
The company expressed its inability to comment on the news item, stating that it seems to pertain to internal discussions or plans within Disney Star, which Zee is not privy to. This response comes in light of Zee Entertainment Enterprises being asked to clarify its position on the news suggesting possible legal action by Disney Star.
Three Indian Markets Across Cities Make Notorious Markets List in the US
The three Indian markets highlighted in the report are Heera Panna in Mumbai, Tank Road in Karol Bagh, New Delhi, and Sadar Patrappa Road Market in Bengaluru. The online platforms from India that made it to the list include IndiaMart, Vegamovies, and WHMCS Smarters. This acknowledgment underscores the significance of robust enforcement against the trade of counterfeit goods to safeguard economies.
Finance Ministry Expresses Optimism for 7% Plus Growth, Flags Geopolitical Risks
As of January 29, the Indian economy reached $3.7 trillion, showcasing substantial progress over the past decade.
1.14 lakh startups generate more than 12 lakh jobs in India, say Finance Minister
The state-owned e-commerce platform, Open Network for Digital Commerce (ONDC), recorded over 63 lakh transactions till November 2023, showcasing its increasing usage and adoption.
Gold Imports Surge by 26.7% to USD 35.95 Billion in April-December FY24
Switzerland emerged as the leading source of gold imports, contributing approximately 41% of the total share, followed by the UAE (around 13%) and South Africa (about 10%). Gold imports constitute over 5% of India's overall imports. Currently, there is a 15% import duty imposed on gold.
Rupee Maintains Narrow Trading Range Against US Dollar in Business News
At the opening of the interbank foreign exchange, the rupee started at 83.14 against the dollar, reaching a high of 83.13 and a low of 83.15. In the previous trading session, the rupee had depreciated by 5 paise to close at 83.16 against the US dollar.
E-commerce Market Thrives on Middle-Class Momentum, Economic Review
Digital infrastructure, such as the PM eVIDYA initiative and various e-commerce platforms, played a crucial role during the pandemic.
Amazon Cancels $1.7 Billion Deal to Acquire iRobot Citing Regulatory Hurdles
The termination comes as a mutual decision between the two companies, and they have signed an agreement to resolve all outstanding matters, including Amazon paying iRobot the previously agreed-upon termination fee.
Equity Markets Experience Sharp Rise on Anticipation of Interim Budget Expectations
The Sensex concluded the day 1,240.90 points or 1.76% higher at 71,941.57, while the Nifty closed 385 points or 1.8% higher at 21,737.60. The rally was notably driven by private sector banks, with Domestic Institutional Investors (DIIs) continuing to show interest in value picking at current levels.
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