Category: Business

Business

Telangana to raise ₹16,000 crore market borrowings in the first quarter of FY 2024-25

March 31, 2024 admin

The logo of the Reserve Bank of India. File | Photo Credit: Reuters The Telangana Government has decided to raise ₹16,000 crore through market borrowings in the first quarter of the upcoming financial year 2024-25. The Government has submitted an indent for raising the amounts through the auction of securities during the April-June quarter. It…

Business

India is a price-sensitive market, says IndiGo CEO

March 31, 2024 admin

A file photo of Pieter Elbers, CEO, IndiGo | Photo Credit: PTI There is healthy and tough competition in the Indian aviation market, which is also price sensitive, India’s largest airline IndiGo’s chief Pieter Elbers said, adding that there is an enormous demand for travel in the country. Mr. Elbers, who heads IndiGo, which has…

Business

Why is unemployment high among the youth? | Explained

March 30, 2024 admin

Job seekers at a job fair in Bengaluru. The trend of contractual appointments and clamour for consultancies are also blamed for the dip in formal jobs. | Photo Credit: AFP The story so far: The India Employment Report 2024, prepared jointly by the Human Development and the International Labour Organization, and released on March 26, revolves…

Business

By when can India indigenise electric vehicle production? | Explained

March 30, 2024 admin

The story so far: The Union government on March 15 approved a policy to promote India as a manufacturing hub for electric vehicles (EVs). Broadly, the policy attempts to pave the way for global EV manufacturers to invest in India and to manufacture locally. “This will provide Indian consumers with access to latest technology, boost…

Business

India’s forex reserves rise by $140 million to hit fresh peak of $642.63 billion

March 30, 2024 admin

India’s forex reserves have increased yet again, RBI data shows. This is the fifth consecutive week of a jump in the overall reserves. | Photo Credit: Reuters India’s forex reserves increased by $140 million to touch its all-time high of $642.631 billion during the week ended March 22, the Reserve Bank of India said. This is the…

Business

Under Google, NCPCR pressure, IPO-bound Ullu drops adult content

March 30, 2024 admin

The Android version of the Ullu app has been cleansed of much of the content it has built its business on. | Photo Credit: Photo Credit: X/@ULLUapp Pressure is mounting on the Initial Public Offering-bound (IPO) streaming platform Ullu for its adult-only content, with the streaming self-regulatory body it is a member of issuing a…

Business

Priyanka Gandhi slams govt over ‘rising debt’

March 30, 2024 admin

A file photo of Congress leader Priyanka Gandhi Vadra | Photo Credit: PTI Congress leader Priyanka Gandhi Vadra slammed the BJP-led Centre over its proposal to borrow more than ₹14 lakh crore, asking why the government is “drowning the people in debt” the “burden of unemployment, inflation and economic crisis” is increasing. In her budget…

Business

Centre mandates weekly reporting on wheat stocks to prevent hoarding

March 29, 2024 admin

Traders, retailers and food processors must declare wheat stocks every Friday from April to prevent hoarding and price spikes, the government said on Friday. The second biggest global wheat consumer after China has been trying to contain wheat prices after heat waves hit production for two straight years, forcing the government to sell record volumes…

Business

FPIs make remarkable comeback; infuse over ₹2 lakh cr in equities in FY24

March 29, 2024 admin

FPIs pumped ₹3.4 lakh crore into the capital market, according to data available with the depositories. File | Photo Credit: Reuters Foreign investors made a strong return by injecting more than ₹2 lakh crore into Indian equities in 2023-24, driven by optimism surrounding the country’s robust economic fundamentals amidst a challenging global environment. Looking forward…

Business