Wednesday, Jan 26, 2022 | Last Update : 10:51 PM IST

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Economy

RBI Governor Shaktikanta Das. (PTI Photo)

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 and diesel prices differ from state to state depending on the incidence of value-added tax. (PTI Photo)

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

According to the report, average household wealth in India stands at Rs 983,010. (Photo: PTI/File)

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

Karnataka saw Rs 8.62 a litre cut in petrol price due to VAT reduction and Rs 9.40 in diesel rates, while Madhya Pradesh gave its citizens an additional Rs 6.89 price relief on petrol and Rs 6.96 on diesel. (DC Photo)

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

The impact of pandemics could be a lot more asymmetric by affecting the vulnerable segments more. (Photo: PTI/File)

Pandemic has affected poor more: RBI Governor Shaktikanta Das

Das called for a more inclusive and sustainable growth

Market

The SCRR rules restrict all members from engaging, either as principal or employee, in any business. (File Photo)

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

The Sensex came very close to the 62000 mark but profit taking pared gains to 459.64 points. (Photo: PTI/File)

Market enters overbought zone

The domestic economic indicators continue to show recovery from the pandemic

All the categories of consumer goods have recorded positive growth when compared to September 2020. (PTI Photo)

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

 Petrol price in the national capital on Friday crossed Rs 80 per litre mark. (PTI Photo)

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 had posted a loss of Rs 436.7 crore in the same quarter a year ago, according to an exchange filing. (PTI Photo)

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 is hiring workers to help run 100 logistics facilities launching this month in the United States, on top of more than 250 that opened earlier this year. (AFP Photo)

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

Built on WhatsApp Business Platform, the partnership will expand access to Uber's mobility services in one of the company's largest international markets, it was stated. (Photo: Agencies)

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

Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders. (Photo: PTI/File)

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

 Vials containing Russia's Sputnik V vaccine for COVID-19. (AP File)

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

It is expected that KIA will also release MPV (Multi-Purpose Vehicle) models next year. (Photo: PTI/File)

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, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros in the second quarter. (AFP Photo)

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. (PTI Photo)

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 Yaris was expected to garner volumes in the segment dominated by the Honda City, Maruti Ciaz and Hyundai Verna. (Photo: PTI/File)

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

Prime Minister Narendra Modi. (Photo: PTI/File)

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

The increase took petrol and diesel prices to an all-time high across the country. (Photo: PTI)

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

In September 2021, a reference was sent to sector regulator TRAI, seeking recommendations for the 5G spectrum auction and various modalities such as reserve price, band plan, block size, quantum of spectrum to be auctioned, it said. (PTI Photo)

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 advertisement on Mangalsutra campaign (Facebook)

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

The coverage under private pension arrangement is just about 6 per cent in India. (Photo: PTI/Representational)

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