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Category: Business Updates

Business Updates

New Standing Committee on Statistics holds its first meet

November 11, 2022By businessreputationdata

The negotiations for the India-UK FTA are likely to be concluded much before the end of this year.

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Business Updates

RBI asks banks to provide options for customers to select card networks

November 10, 2022By businessreputationdata

Exemptions to govt entities from adverse consequences have likely been retained

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Business Updates

38 IT firms apply to make laptops, PCs under PLI scheme

November 10, 2022By businessreputationdata

The development comes weeks after the Centre imposed — and then postponed — a licensing requirement on the import of laptops and personal computers, which had set alarm bells ringing at major electronics hardware manufacturers. The move was deferred until October 31.

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Business Updates

HDFC Bank starts rebranding HDFC Ltd offices, branches after merger

November 10, 2022By businessreputationdata

“The new system (CIMS) is starting with reporting by scheduled commercial banks and will be gradually extended to urban cooperative banks (UCBs) and non-banking financial companies (NBFCs),” Das said after the launch of the new system.

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Business Updates

Jio Financial, BlackRock form JV to enter India’s asset management market

November 10, 2022By businessreputationdata

In a letter dated July 26, EPFO’s servers will reach their end of service life by start of 2024. However, with less than six months left for the same, the process for replacement has still not taken off.

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Business Updates

Singapore’s BOC Aviation signs financing pact for 10 Airbus aircraft with IndiGo

November 10, 2022By businessreputationdata

BOC Aviation Limited and India’s largest airline IndiGo have entered into a finance lease transaction involving 10 Airbus A320NEO aircraft to further expand its fleet, officials said on Wednesday.

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Business Updates

Withdrawal of subsidy may lead to stagnated growth of EV industry for 2 years: Ather Energy CEO

November 9, 2022By businessreputationdata

Highlighting the “repercussions of a sudden subsidy reduction”, Tarun Mehta said that the electric two-wheeler industry lost one year of growth in 2023.

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Business Updates

28% GST stays on online gaming and casinos but review after six months

November 8, 2022By businessreputationdata

Union Finance Minister Nirmala Sitharaman said the decision was not taken with consensus, as had happened at the time of the GST change on lottery, with some states registering dissent but most states asking for early implementation of the decision taken at the last Council meeting.

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Business Updates

Banks likely to raise deposit rates to meet credit demand

November 8, 2022By businessreputationdata

Last week, the RBI asked banks to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023, and July 28, 2023.

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Business Updates

Rupee volatility low, exhibited orderly movements relative to peers: RBI Governor

November 8, 2022By businessreputationdata

Speaking at the annual FIBAC event, Das said household inflation expectations are becoming more anchored, but added that headline inflation is vulnerable to recurring and overlapping food price shocks.

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