BUSINESS
Amazon brings live shopping via content creators to India
More than 150 content creators are livestreaming during the ongoing Amazon Great Indian Festival, informed the company. "Through Amazon Live, Amazon India aims to connect the influencers with customers at scale, enabling them to make informed purchases," said Kishore Thota, Director, Customer Experience & Marketing, Amazon India.
Hiring in India up ahead of festive season, records 13% YOY growth
"The JobSpeak Index crossing the 3100 mark in Sep'22 is a great sign marking strong intent amongst recruiters before the festive period kicks in. It is notable to see that key sectors of Insurance and Real Estate have maintained their growth momentum and have recorded sterling performances," Pawan Goyal, Chief Business Officer, Naukri.com, said in a statement.
RBI does not have fixed dollar-rupee exchange rate: Governor
He also said the aspect of adequacy of forex reserves is always kept in mind while RBI intervenes in the forex market. The umbrella continues to be strong. Announcing the Monetary Policy statement on Friday Das said during the current financial year (up to September 28), the US dollar has appreciated by 14.5 per cent against a basket of major currencies.
Asian stock markets moving towards worst month since Covid outbreak
The MSCI Asia ex-Japan Index, which captures 10 major markets across Asia, excluding Japan, has fallen 12.8 per cent so far this month, on track to post the biggest drop since March 2020, when the pandemic had wreaked havoc on global markets, CNN reported.
Interest rates for small savings schemes raised
Also, the tenure and interest rates of the Kisan Vikas Patra have been hiked. The interest rate for Kisan Vikas Patra is now 7 per cent for the maturity period of 123 months, compared to the earlier rate of 6.9 per cent for the maturity period of 124 months. Similarly after the revision, a three-year time deposit with post offices will now give 5.8 per cent interest compared to 5.5 per cent earlier.
Prime Minister Narendra Modi to launch 5G services on Saturday
The new technology will provide seamless coverage, high data rate, low latency and highly reliable communications. It will increase energy, spectrum and network efficiency. Meanwhile, the IMC 2022 will run from Saturday to October 4 under the theme of "New digital Universe".
RBI increases repo rate by 50 basis points
The RBI Governor Shaktikanta Das, heading the MPC, announced the hike to subdue the inflation.According to him there may be price pressure on wheat, rice and pulses due to lower sown acreage. The vegetable prices may also go up.
No hirings, more layoffs soon: Mark Zuckerberg to employees
According to The Verge, Zuckerberg made these comments during an internal call to employees. Zuckerberg mentioned during the last Meta earnings call that "Our plan is to steadily reduce headcount growth over the next year. Many teams are going to shrink so we can shift energy to other areas."
GST evasion worth Rs 824 cr unearthed, ICICI Prudential among 15 entities under probe
According to sources privy to developments, these companies were reportedly found to be availing input tax credit (ITC) without underlaying supply of goods and services. Sources informed that on the basis of specific inputs received against ICICI Prudential Insurance for reportedly availing ineligible ITC without underlaying supply of goods and services, certain other common intermediaries were also identified.
India jumps to 40th place in global innovation index
"We were 46 last time the ranking was done. We have also maintained first rank in ICT services exports over the years," he said. Goyal said this while delivering a virtual message to mark the launch of the Global Innovation Index 2022 by the World Intellectual Property Organization (WIPO). The minister said that GII has established itself as a tool for governments across the world to reflect upon policies and their impact.
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