Wednesday, Jan 26, 2022 | Last Update : 10:51 PM IST
Columns
Clearly, the appointment of the 1993-batch officer is an indication that the takeover of Air India is delayed
Tagore was apparently asked by a British friend to write a eulogy to King George V during his visit to India in 1911
It is not safe to be dismissive about words like genocide, but unfortunately, that is what India is doing today
Taking the cue from Jia, one needs to ask whether viewing the region through the prism of 'absolute national security' is any longer useful?
Economy
RBI maintains status quo for 9th consecutive time; retains repo rate at 4 pc
The inflation projection has been retained at 5.3 per cent for the current financial year
Petrol, diesel prices hiked for fourth consecutive day
The petrol in retail cost stands at Rs 114.81 per litre whereas diesel costs Rs 105.86 per litre today in Mumbai
India among most unequal nations; top 1% of population holds 22% of national income
The report pointed out that the average national income of the Indian adult population is Rs 204,200
Petrol price further cut by Rs 8, diesel by Rs 9 in BJP-ruled states
The announcement was matched by 22 states and Union Territories cutting VAT rates in different proportions
Pandemic has affected poor more: RBI Governor Shaktikanta Das
Das called for a more inclusive and sustainable growth
Market
Brokers can’t sell digital gold, NSE says
The direction came after the Sebi said certain members are providing a platform to their clients for buying and selling digital gold
Market enters overbought zone
The domestic economic indicators continue to show recovery from the pandemic
September retail sales near pre-pandemic levels
According to the Retailers Association of India, retail sales in September 2021 were at 96 % of the pre-pandemic levels of September 2019
Fuel prices hiked for 20th day; Petrol, diesel price crosses Rs 80-mark in Delhi
Petrol price in Delhi was hiked to Rs 80.13 per litre from Rs 79.92 while diesel rates were increased to Rs 80.19 a litre from Rs 80.02
Companies
Paytm Q2 loss widens to Rs 473 crore
Shares of the company closed at Rs 1,781.15 apiece, down by 0.86 per cent on the BSE on Friday
Amazon boosts hourly pay to over $18, to hire 125,000 workers
Amazon did not give exact figures, but a $1 raise on a $17-per-hour wage would amount to about a 6% hike
Uber, WhatsApp announce partnership to launch ride-booking via WhatsApp in India
The first roll out on a pilot basis will take place in the northern city of Lucknow first, and will be expanded to other Indian cities soon
LIC IPO unlikely to take place this fiscal due to delay in valuation
Once listed, LIC is likely to become one of the biggest domestic companies with an estimated valuation of Rs 8-10 lakh crore
Dr Reddy's announces launch of Sputnik vaccine in Indian market
The vaccine is presently priced at Rs 948 plus 5% GST per dose with the possibility of a lower price point when local supply begins
Autos
KIA to strengthen sales in Indian market; release new cars, raise price
KIA India will expand its lineup starting with the release of 'Seltos X Line' in the early of this month
Daimler Q2 loss widens on weak demand
CEO Ola Kallenius said it had worked to preserve cash reserves during a difficult time and was seeing “the first signs of a sales recovery”
Ashok Leyland resumes production across India
The commercial vehicle major will be ensuring all the necessary health and safety protocols with regard to COVID-19 in its facilities
Toyota discontinues Yaris model
The discontinuation of Yaris has brought down one of the world’s biggest carmaker's offerings to just six models in India
In Other News
PM Modi to launch RBI’s retail direct scheme
As per the scheme, investors will be able to directly open and maintain their government securities account free of cost
Petrol crosses Rs 100/litre in Thane, hits Rs 99.94 in Mumbai
Petrol price was increased by 24 paise per litre and diesel by 29 paise a litre on Thursday
5G services to be rolled out in India's four metros, selected cities in 2022
On 5G Test bed, it informed that the indigenous 5G test bed project funded by the DoT has reached its final stages
Sabyasachi withdraws Mangalsutra campaign advertisement amid controversy
The withdrawal also came hours after MP Minister Narottam Mishra issued an ultimatum to Sabyasachi Mukherjee to withdraw the advertisement
Indian pension system ranks amongst worst
With little social security coverage, the workforce in India has to manage pension savings on its own for the most part