RBI raises CPI-based inflation estimate for FY22 at 5.7%
CPI inflation for the first quarter of 2022-23 is estimated at 5.1%. The repo rates have been fixed at 4%.
Latest Articles by Vandana Nampoothiri
‘Seems odd’: Elon Musk over Tesla’s exclusion from White House event
Automobile giants like General Motors, Ford, and Chrysallis parent company Stellantis were invited. Companies like Nissan Motor Co., Toyota Motor Co, Honda Motor Co were also excluded from the event.
Cryptocurrency Update for August 06: Bitcoin prices jump by 2.61%, trading at $40,408
The global cryptocurrency market gap at $1.67 trillion, saw an increase of 3.34%. The total crypto market volume stands at $99.90 billion, which was a 23.06 per cent increase over the previous day.
Devyani International IPO: Issue subscribed by 3.96 times on Day 2
The company received bids for 42.14 crore equity shares against an IPO size of 11.25 crore shares. According to data by IPO Watch, The trading price for the IPO increased to Rs. 155, which is 72 per cent higher compared to its issue price of Rs 90.
Chemplast Sanmar IPO to open on August 10; price band fixed at Rs. 530-541 per share
The IPO aims to raise 3850 crores. The proceedings from the offering will be used for the early redemption of the non-convertible debentures (NCDs) and for general corporate purposes.
ED issues show cause notice to Flipkart over alleged Forex violations
The notice was sent over an alleged forex violation. In the notice, Flipkart was asked to explain why they should not face a penalty of $1.35 billion for alleged violation of foreign investment laws.
India needs three private players in the telecom industry: Gopal Vittal
His comments come in the wake of Vodafone Idea’s struggle to stay afloat due to the share crash. According to him, a country like India requires three industry players, who "not just survive but thrive".
MSME edutech startup Rocket Skills raises Rs. 2.2 crore as pre-seed funding
The startup was founded in 2002 and aims at helping budding entrepreneurs with the resources needed to start a business.
Voda-Idea shares tank by 15%, trading at Rs. 5.13
The share crash comes in a day after Aditya Birla Group Chairman Kumar Mangalam Birla stepped down as non-executive director and non-executive chairman. The shares have tanked almost 38% in the last three days.
Bitcoin, Ethereum prices surge, global cryptocurrency market gap increases
The total crypto market volume stands at $81.18 billion, which was a 9.3 per cent increase over the previous day. On Thursday, the Bitcoin prices increased by 3% to trade above $39,000. Ether coins increased by 8% and are trading at $2,713 while Dogecoin saw an increase of 2%.
Vodafone-Idea shares drop by 17%, trading at Rs 6.12
Earlier in the day, shares dropped to a 52-week low of Rs 6.03 per share. With today's fall, the shares of telecom services providers have tanked 26 per cent in two days.
Insolvency and Bankruptcy Bill enables an efficient insolvency resolution framework for MSMEs: Nirmala Sithraman
The Insolvency Bill passed by Rajya Sabha on Tuesday provides for a pre-packaged insolvency resolution mechanism for micro, small and medium enterprises (MSMEs).
Nuvoco Vistas IPO price band fixed at Rs. 560 – Rs. 570
The 5000 crores IPO will open on August 9 and will close on August 11. Bidding for anchor investors will be open for a day on August 6.
CAT 2021 registration to begin today, here are the steps to apply for the exam
CAT Exam is held for admission to postgraduate and management courses at IIMs and other B-schools in the country. Candidates can apply at iimcat.ac.in. Registration fee for the exam is Rs 2,200 for the general category and Rs 1,100 for reserve category.
Amazon Alexa to provide COVID-19 related information like testing and vaccination centers
Amazon joined hands with location and digital maps company MapmyIndia to locate the nearest vaccination centers. In 2020, Alexa was updated to share information about COVID-19 related symptoms and cases in India.
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