Month: February 2023

Retail inflation increased to 6.52 percent, a 3- month high, in January.

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inflation

The food handbasket’s inflation rate increased from4.19 in December to5.94 in January.6.77 percent, reached before in October. The central government has instructed RBI to maintain retail inflation at 4 with a 2 buffer on either side. According to government data issued on Monday, retail inflation in January exceeded the RBI’s target range and increased to a three- month high of6.52 percent, primarily due to an increase in food costs. The Consumer Price Index( CPI) shows that between December and January 2022, the inflation rate increased from5.72 percent to6.01 percent. The inflation rate for the food handbasket climbed from4.19 to5.94 percent between December and … Read more

Reliance would spend Rs. 75,000 crore in Uttar Pradesh over the next four years, according to the Global Investors Summit 2023

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Reliance

Mukesh Ambani, the chairman of Reliance Industries Ltd., said: “We intend to invest an additional Rs 75,000 crore in UP over the following four years in Jio, retail, and renewable energy ventures. More than 1 lakh new employment would be created in the state thanks to these new investments.” Mukesh Ambani, the chairman of Reliance … Read more

Is India included in Netflix’s intentions to crack down on account sharing in FOUR countries?

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Netflix

For subscribers in Canada, New Zealand, Portugal, and Spain, Netflix released its much awaited password-sharing policies. Before going national, the streaming service is testing its crackdown on customers outside of the US. Users will be required to designate a “main location” for their Netflix accounts, and two “sub accounts” will be allowed for users who … Read more

Modi’s self-sufficient India will have a firm foundation thanks to Budget 2023.

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Modi

The driving force behind the budget is a reflection of Prime Minister Narendra Modi’s effective and forward-thinking leadership. According to Tarun Chugh, this budget shows our robust economy, the influence of young India, and a multicultural work culture. India’s Union Budget for 2023–24 is historic. The Budget provides the way for the advancement of each … Read more

Communication tech firm Zoom joins layoff spree, axes approx 1,300 jobs

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Communication tech firm Zoom

In order to “weather the economic situation,” Zoom Video Communications said that it will be laying off 15% of its employees, or close to 1,300 individuals. Zoom CEO Eric Yuan apologised for the errors that resulted in the layoffs in an email to the whole business. The CEO of Zoom Video Communication, Eric Yuan, stated … Read more

Turkey, Syria earthquake: Apple, Google pledge to donate to relief, recovery efforts

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earthquake

Both Sundar Pichai, CEO of Google, and Tim Cook, CEO of Apple, sent their condolences and said that their companies would help with relief and recovery efforts for individuals affected by the earthquakes in Turkey and Syria. The massive earthquakes that shook Turkey and Syria on Monday left the entire world in disbelief and caused … Read more

Kohli impressed with Gill’s record-breaking innings against NZ; sends message to India’s new ‘sitara’

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Kohli impressed with Gill

Shubman Gill on Wednesday eclipsed Virat Kohli’s record to become India’s greatest scorer in T20I during the team’s victory against NZ in Ahmedabad, becoming just the sixth batter to hit a century in all three formats for India. With his unbeaten 63-ball 126, India’s rising batting prodigy Shubman Gill captured the hearts of millions and … Read more

Rupee falls 2 paise to close at 81.90 against US dollar as FM Nirmala Sitharaman presents Budget 2023

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Rupee falls

The Union finance minister maintained the nation’s fiscal deficit objective of 6.4 percent in the Revised Estimate for FY23 and reduced it to 5.9 percent for FY24 in her address on the budget. By 2025–2026, the fiscal deficit, according to her, is to be reduced to under 4.5 percent. Following the presentation of the Union … Read more

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