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Category: Business Updates

Business Updates

China affirms 1 billion ton cap on crude oil refining capacity for 2025

May 27, 2023By businessreputationdata

China will cap its crude oil refining capacity at 1 billion metric tons by 2025 to streamline its vast oil processing sector and cap carbon emissions, the country’s state planning agency affirmed in an online posting on Wednesday.

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Business Updates

Red Sea woes: Exporters seek increased credit as freight rates jump 300%

May 26, 2023By businessreputationdata

Rising attacks forced shippers to consider the longer route

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Business Updates

52nd GST Council meeting: States flag issue of ‘retrospective taxation’ on online gaming firms

May 26, 2023By businessreputationdata

Delhi Finance Minister Atishi said tax notices are being sent for a much higher amount than even the estimated valuation of the gaming industry.

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Business Updates

India to outpace Japan as second-largest economy in Asia by 2030: S&P Global Market Intelligence

May 25, 2023By businessreputationdata

By 2030, India’s GDP is also forecast to surpass Germany. At the end of 2022, the size of Indian GDP had already become larger than the GDP of the UK and also France, it said.

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Business Updates

‘WhatsApp university’: Parekh flags financial misselling, says MFs’ role key

May 24, 2023By businessreputationdata

Markets regulator Securities and Exchange Board of India has been cracking the whip on unregistered entities or financial influencers (finfluencers) who are providing stock specific tips or advice on various social media platforms.

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Business Updates

Long-haul carrier Emirates opens Dubai Air Show with $52 billion aircraft purchase from Boeing

May 24, 2023By businessreputationdata

Turkish Airlines may also make a record-shattering purchase of 355 aircraft from Airbus, including 250 A321neo aircraft, according to the state-run Anadolu news agency.

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Business Updates

Rural workers in MP, Gujarat get the lowest daily wages: RBI data

May 23, 2023By businessreputationdata

Wage growth for agricultural and non-agricultural labourers remained subdued during 2022-23, averaging 5.8 per cent and 4.9 per cent

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Business Updates

Hindustan Unilever to partner Brookfield for 45 MW solar energy park

May 22, 2023By businessreputationdata

The project, which will help HUL move towards its net-zero target, will come up at the site of Brookfield’s solar park, the conglomerate said.

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Business Updates

Sensex, Nifty snap seven-day rally; Sensex falls over 200 points

May 21, 2023By businessreputationdata

On Wednesday, Sensex surged 357.59 points, or 0.52 per cent, to settle at a new record of 69,653.73.

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Business Updates

Attack on Israel could boost appeal of gold and safe haven assets

May 20, 2023By businessreputationdata

Rising geopolitical risk could see buying in assets like gold and the dollar and potentially boost demand for U.S. Treasuries, which have been sold off aggressively, analysts said.

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