Ultimate magazine theme for WordPress.

From Vodafone Idea to Twitter India, here is the top news of the day

From the head of Vodafone Idea writing a heartfelt letter to the company’s users – to – Twitter India switching to a new role in the US after a long tussle at the Twitter center – and everything in between – here are some top ones -News of the day.

BUSINESS

The central board of the RBI examines the current economic situation

RBI’s board of directors is reviewing the current economic situation in India and the policy measures taken by the central bank to mitigate the effects of COVID-19. Continue reading

RBI will hike rates from early 2022 and take further steps to normalize monetary policy: Analysts

Analysts expect the RBI to hike rates in the first half of 2022 as the Indian central bank may reach the end of its high inflation tolerance. The RBI left interest rates unchanged at its bimonthly meeting in early August with a majority of 5: 1. Continue reading

Core inflation remains at around 6%; Market expects interest rate rationalization by RBI soon: Experts

Experts told CNBC-TV18 that while we were below consensus with CPI inflation of 5.47 percent, if you look at internal data like food prices, it is down. We expected food prices to fall, but core inflation remains unchanged at 5.9 percent. As it progresses, it could stay around 6 percent, said senior economist Upasna Bhardwaj. Continue readingFor more business news, click here

BUSINESS

CEO of Vodafone-Idea to users: Telecommunications is committed to offering superior services, offers

While Vodafone-Idea appeared to have hit rock bottom, its CEO Ravinder Takkar reiterated that it will continue to offer “superior services and first-class offerings”. In a letter to users, he said the telecommunications company had built a 5G-enabled network and integrated technologies to accommodate smart cities, smart machines and smart citizens. Continue reading

Adi Godrej resigns as Chairman of Godrej Industries, Nadir Godrej takes over the management

After having headed Godrej Industries for over four decades, 79-year-old Adi Godrej has announced his retirement. Godrej will continue to serve as Chairman of the Godrej Group and Chairman Emeritus of Godrej Industries Limited (GIL). Nadir Godrej, the current GIL managing director, becomes chairman and managing director of GIL. Continue reading

Not in the government’s interest to slip Vodafone Idea, says IDFC First Bank CEO

V. Vaidyanathan, MD and CEO of IDFC First Bank, said the government was serious about finding a solution to the indebted Vodafone idea. “Out of Vodafone Idea’s total debt of 1.8 billion. So I think it has a very significant interest for the Government of India in maintaining that relationship and keeping the telecommunications sector alive. The government is going to think very seriously about it, very smart people there, they are going to solve the problem, ”said Vaidyanathan. IDFC First Bank has an exposure of Rs 3,244 crore (3 percent of its loan book) to VIL. Continue readingFor more business news, click here

MARKETS

Bharti Airtel Signs Frequency Trading Agreement With Reliance Jio; Stocks hit a record high

Telecom major Bharti Airtel has signed a contract with Reliance Jio Infocomm. The agreement included the transfer of the “right to use” Airtel’s MHz spectrum to three districts of Jio. Following the announcement, Airtel’s share price rose over 2 percent to hit a new record high of Rs 638.60. Meanwhile, Reliance Industries shares were up nearly one percent at Rs 2,130. Continue reading

Three new IPOs

For more market news, click here

MERIT

SpiceJet Q1 Results: Net Loss of Rs 729 crore in Q1

SpiceJet posted a net loss of Rs 729 billion for the first quarter of fiscal 2021-22, compared to a loss of Rs 593.4 billion for the same period last fiscal year. Continue reading

Grasim Industries Q1 net almost quadrupled to Rs 2,447.97 cr

Grasim Industries Ltd, part of Aditya Birla Group, reported a four-fold increase in consolidated net income to Rs 2,447.97 billion in the first quarter of FY 22, less than Rs 616.99 billion a year ago. Continue readingFor more winning news, click here

INDIA

Exclusively for BMC bosses: one vaccination dose must be required for all employees in order to reopen business; Decision about cinemas soon

Iqbal Singh, head of Brihanmumbai Municipal Corporation (BMC), said the goal was to vaccinate Mumbaikars by the end of November 2021. He said once the target was lifted he would lift all restrictions. He also mentioned that children under the age of 18 will be allowed to visit malls, stores and restaurants from August 15. Continue reading

Manish Maheshwari, head of Twitter India, has a new role in the US

Manish Maheshwari, Head of Twitter India, will be transferred to oversee sales strategy and operations for new markets worldwide. The announcement comes days after GoI confirmed to the Delhi Supreme Court that Twitter complies with the new IT rules, which went into effect in May 2021. Continue readingFor more India news, click here

(Edited by: Yashi Gupta)

Comments are closed.