BUSINESS
'Monetary tightening to have limited impact on residential sales'
Real Estate consulting firm CBRE South Asia announced the findings of its report, '2023 India Market Outlook'. The report highlights key trends and projections for the Indian real estate sector this year. The report further highlighted that Indian consumers have remained optimistic about their personal finances, especially compared to other economies.
How to pay your Loan EMI using PhonePe
From money transfers to recharges, paying electricity and other utility bills, to buying insurance and investing in Mutual Funds, PhonePe is trusted by one in four Indians. During this digital age, paying Loan EMI via apps makes it comfortable and efficient, so that you don't have to spend hours at the bank.
TASL to manufacture cargo doors of A320 Neo aircraft
Aircraft maker Airbus has awarded this contract to TASL which is considered a significant step towards increasing Airbus' competitiveness in the single-aisle aircraft market and supporting the ramp-up of the A320 programme. TASL said in a statement that it will produce these doors at a new facility in Hyderabad using cutting-edge robotics and automation technology. Each shipset will include two cargo doors and one bulk cargo door.
'India fastest growing economy', says PM Modi at Summit for Democracy
In his virtual address at the leader-level plenary of the second Summit for Democracy, PM Modi said that this itself is the best advertisement for democracy in the world. "This itself says that democracy can deliver," he quipped. "Democracy is not just a structure, it is also a spirit. It is based on the belief that the needs and aspirations of every human being are equally important," he added.
NCLAT order in CCI-Google case a cautionary message to all platforms: Rajeev Chandrasekhar
The NCLAT said that Google will have to pay the fine of Rs 1,337.76 crore, imposed on it by the CCI in October last year for anti-competitive practices in relation to Android mobile devices. "This important judgement is a cautionary message to all platforms and companies," Chandrasekhar said in a tweet.
Pay Rs 1,337 crore fine imposed by Competition Commission, NCLAT tells Google
A two-member bench of the NCLAT directed Google to follow the CCI's order and deposit the amount in 30 days. The CCI had, on October 30, 2022, imposed a fine of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices.
Global cellular IoT module shipments grew 14% in 2022: Report
According to Counterpoint Research, Quectel and Qualcomm dominated the cellular IoT module and chipset markets, respectively. China continued to lead the global cellular IoT module market in terms of demand, followed by North America and Western Europe, while India was the fastest-growing market, , followed by Latin America.
Sequoia India-backed GoMechanic acquired by Lifelong Group consortium
The distressed startup was last valued at $30 million. "Acquisition of the GoMechanic business, aligns with our strategic vision of synergising the Lifelong Group's proven expertise in the automotive industry. We are focused on building upon GoMechanic's business," Lifelong Group said in a statement.
Alibaba shares jump after breakup plan announced
The firm says five of the six units created by the move will explore raising fresh funding and initial public offering (IPO) options, the BBC reported. Alibaba shares gained more than 14 per cent in New York on Tuesday and were more than 13 per cent higher in Hong Kong on Wednesday.
NPCI clarifies that customers won't be charged for UPI transactions
Additionally, there are no charges for the bank account to bank account based UPI payments (normal UPI payments). "The interchange charges introduced are only applicable for the PPI merchant transactions and there is no charge to customers,a the NPCI said in a statement.
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