BUSINESS
Over two-month deadlock between truckers, Adani Group ends in Himachal
With the intervention of Chief Minister Sukhvinder Singh Sukhu, both the cement company management and the truck operators have settled upon the new freight rates of Rs 10.30 per km per quintal for single axle and Rs 9.30 per km per quintal for multi-axle. The management gave its consent to resume cement production from Tuesday and the truck operators agreed to transport the cement at the decided rates.
Pakistan's current account deficit shrank 90% in Jan amid import curbs
Pakistan has a chronic balance of payments problem which exacerbated last year with the country's forex reserves declining to critical levels, Dawn reported. As of February 10, Pakistan's central bank had only $3.2 billion in reserves, enough to cover barely three weeks of imports.
Prices of cereals to be about 15% higher: CRISIL
The reason? Vagaries of climate change, strong global demand, and rise in domestic demand. Even in the current fiscal, cereal prices have risen significantly on-year in the first ten months. While prices of wheat and paddy rose 8-11 per cent, those of maize, jowar and bajra jumped 27-31 per cent, the report notes.
Domestic aviation traffic continues growth, Jan records 1.25 cr passengers with 95.72% rise
According to data released by the Directorate General of Civil Aviation (DGCA) on Monday, the passenger load factor or occupancy of the airlines remained on the higher side in the range of 80 to 90 per cent. The newly-launched Akasa Air marked an 82.8 per cent occupancy during January.
India's GDP growth in FY23 to be 7%, FY24 at 6%: Acuite Ratings
It also anticipates the economic growth trajectory in FY24 to slip to 6 per cent, which would still make India one of the highest growth economies in the world. According to the ratings agency, the Indian economy has managed to withstand the headwinds rather well over the last several months amidst a tough global environment.
Youths investing in crypto: Campaign continues to inform on high risk, says Sitharaman
Rahul, a commerce second year student in Jaipur, invested Rs 5,000 and got Rs 1 lakh plus in return a few months later in 2022. Soon after, his cousins and friends started investing their pocket money into it and the trend continues even today. His cousin also invested a huge amount, however the currency tumbled soon after. It was his college fees and he had to face problems.
Aparna Kuppuswamy joins IPO-bound BharatPe Group as Chief Risk Officer
Prior to joining BharatPe, she was the Chief Risk Officer at SBI Cards for more than 14 years, where she led a number of key projects. Kuppuswamy will lead the risk portfolio across the BharatPe Group of companies, including the merchant and consumer businesses. She will work closely with Nalin Negi, CFO and interim CEO, to further build a robust lending vertical at BharatPe.
Tata Motors to induct 25K EVs into Uber's premium service in India
The collaboration represents the largest EV partnership yet between an automaker and a ridesharing platform in the country. In July 2021, Tata Motors launched the 'XPRES' brand exclusively for fleet customers, and the XPRES-T EV is the first vehicle under this brand. Tata Motors will help Uber electrify its services across Delhi-NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru and Ahmedabad.
Petrol, diesel can be brought under GST ambit if council takes a call: Sitharaman
She was in Jaipur to attend the post-budget press conference where she answered at length on questions related to petrol-diesel prices, inflation, rising repo rates, among other issues. Answering a query on bringing petrol and diesel under the GST purview, she said, "Petrol and diesel can be taken under the GST if the GST council, which is not governed by any one government but finance ministers of all states, takes the call.
Mudra scheme boosting employment, self-employment opportunities in tourism sector: PM
Giving examples of shops, dhabas, guest houses, and homestays, the Prime Minister highlighted the loans up to Rs 10 lakh being provided to such businesses without any guarantee. "38 crore Mudra loans have been given across the country so far. About 8 crore youths have become entrepreneurs for the first time," Modi said while addressing the Uttarakhand Rozgar Mela via video-conferencing.
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