BUSINESS
Ashneer Grover resigns as BharatPe MD and Director
“I say with my head held high that today this company stands as a leader in the fintech world. Since the beginning of 2022, unfortunately, I’ve been embroiled in baseless and targeted attacks on me and my family by a few individuals who are ready not only to harm me and my reputation but also harm the reputation of the company, which they are ostensibly trying to protect,” Mr. Grover wrote in a letter to the board.
Amul increases rates by Rs 2/litre from March 1
Milk and milk products giant Amul on Monday announced an increase, by Rs 2 per litre, in milk rates for metro market - Delhi NCR, Ahmedabad, Mumbai and Kolkata - with effect from Tuesday.This is the second time that the brand is hiking its rates in this financial year. Standard double toned will Rs 42 per litre at Ahmedabad while it will be Rs 44 per litre at Delhi NCR and Kolkata. The standard milk will be available at Rs 54 per litre at Ahmedabad and Kolkata.
Third Covid wave subdues India's Jan core sector growth sequentially
Covid's third wave subdued India's eight core industries' production in January 2022 on a sequential basis, official data showed on Monday.The growth rate of the eight major industries in January 2022 rose to 3.7 per cent from 4.1 per cent in December 2021. The Index of Eight Core Industries' (ICI) index reading rose on a year-on-year basis, at 1.3 per cent during January 2021.
India's FY22 GDP now expected to grow at 8.9%
On Monday, the 'Second Advance Estimates of National Income for financial year 2021-22', estimated that 'Real GDP' or 'GDP at Constant Prices' (2011-12) in the year 2021-22 will rise to Rs 147.72 lakh crore from the 'First Revised Estimate of GDP' for 2020-21 at Rs 135.58 lakh crore. "The growth in GDP during 2021-22 is estimated at 8.9 per cent as compared to a contraction of 6.6 per cent in 2020-21," the National Statistical Office (NSO) said.
'Yogi' fraud: Subramanian's 'missing' laptop in focus, officials tight-lipped
Contacted by IANS, the officials were tight-lipped yet revealed that they were trying to get new facts.
Sources privy to the probe conveyed that the CBI is currently working on two lines - they are trying to recover a laptop which was reportedly destroyed by Subramanian. If this was actually destroyed, then they will try to recover the data.
Price pressures subdue India's Q3FY22 GDP growth sequentially, lowers FY22 forecast
Besides, a marginal rise in manufacturing and a contraction in construction activity flattened out growth in Q3FY22. National Statistical Office (NSO) data showed that India's Q3FY22 GDP growth rate stood to 5.4 per cent on a year-on-year basis. The Q3FY22 GDP, at constant prices of 2011-12, is estimated at Rs 38.22 lakh crore, as against Rs 36.26 lakh crore during the corresponding period of 2020-21.
India's Apr-Jan fiscal deficit reaches over 58% of FY22 RE target
As per the data furnished by the Controller General of Accounts (CGA), the fiscal deficit -- the difference between revenue and expenditure -- for the April-January 2021-22 period stood at Rs 937,868 crore (Rs 9.37 lakh crore), or 58.9 per cent of the revised estimates (RE). The FY22 deficit has been pegged at Rs 1,591,089 crore (Rs 15.91 lakh crore).
India's Q3FY22 YoY GDP growth up 5.4%, eases sequentially
India's Q3FY22 GDP growth rate stood to 5.4 per cent on a year-on-year basis.The Q3FY22 GDP, at constant prices of 2011-12, is estimated at Rs 38.22 lakh crore, as against Rs 36.26 lakh crore during the corresponding period of 2020-21. On a YoY basis, India's GDP growth rate had inched-up by 0.7 per cent during the corresponding period of the previous fiscal.
India worried about Russia-Ukraine conflict impact on exim trade: FM
Interacting with the industrialists and businessmen here, she said that the Centre is closing monitoring the situation as it is worried about the impact of the war on Indian exports and imports. Sitharaman said she would be in a position to comment only after a complete assessment of the situation is made by different ministries.
Foreign travel to skin treatment: Did Madhuri Jain launder BharatPe money?
Sources close to the development said that the ongoing governance review at the fintech platform, scheduled to be submitted this week, has found financial irregularities to the tune of over Rs 50 crore during the tenure of Madhuri Jain -- -- the wife of BharatPe Co-founder and Managing Director Ashneer Grover.
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