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Early on Thursday, the dollar strengthened against the rupee, breaking the historic level of 83 for the first time. The rupee fell to a fresh record low of 83.06 as a result. The rupee has lost more than 8–9% of its value since the beginning of this year. Due to persistent outflows of foreign funds … Read more
Employees of Ola have come out to discuss founder and CEO Bhavish Aggarwal’s aggressive and unrelenting behaviour at work, which they claim has angered management and board members. Bhavish Aggarwal allegedly used slurs in Punjabi towards staff members and told teams they were useless, according to employees. Bhavish Aggarwal, the CEO of Ola, is definitely … Read more
As slots and routes on the international front continue to open up, the growth in traffic volume is anticipated to be led by domestic traffic, according to a Crisil report. With the pandemic impact presumably behind us, it is anticipated that air traffic volume would rise to the fiscal 2020 level of about 340 million … Read more
For the second time in two months, Amul raised the cost of its Gold, Shakti, and Taaza milk brands by Rs 2 per litre in August. Previously, on March 1, 2022, milk prices were increased by Rs 2 per litre. For the third time this year, Amul has raised the price of milk, which is … Read more
The Netflix ad-supported subscription, created for users unwilling to pay for its standard (and pricey) plans, has finally been launched. The new plan is comparable in price to Netflix’s premium plan in India, which is priced at Rs 649 ($6.99) per month. Finally, Netflix is using commercials to launch its affordable membership option. The popular … Read more
Anurag Thakur, Minister of Information and Broadcasting, stated that about 11.27 lakh non-gazetted Railway personnel will receive PLB payments equal to 78 days of salaries. The Union Cabinet, led by Prime Minister Narendra Modi, has authorised a productivity-linked bonus for Indian Railways staff for the fiscal year 2021–2022. It should be noted that PLB payments … Read more
According to IMF Chief Economist Pierre-Olivier Gourinchas, India has been doing extremely well in 2022 and is predicted to develop very strongly in 2023. The Indian economy is performing reasonably well, according to the International Monetary Fund, but more monetary tightening is needed. IMF Chief Economist Pierre-Olivier Gourinchas announced that the organization’s estimate of India’s … Read more
The debt-ridden cement division of Jaiprakash Associates Ltd. could be acquired by Adani Group for $606 million. An announcement regarding the acquisition should be made as soon as this week by one of the cement businesses that Adani Group just acquired. Adani Group, owned by billionaire Gautam Adani, is in advanced talks to pay $606 … Read more
Hans Timmer, the chief economist for South Asia at the World Bank, claims that the Indian economy has performed better than that of other South Asian nations. After experiencing a severe contraction during the first phase of COVID, the Indian economy recovered with comparatively high growth. The World Bank has decreased the predicted growth rate … Read more
The company intends to conclude the acquisition at $54.20 per share, Twitter stated in a tweet, indicating the billionaire businessman is reportedly giving up his legal fight to void the contract. Just weeks before the start of a lengthy legal battle over his attempts to back out of the deal, Elon Musk made an offer … Read more