Business news India latest- March 26, 2024
Questions
- What is the business focus of the Voltech Group?
- Name APPLE CEO, Who extended Holi wishes along with a picture on X?
- Who clicked the image shared by Tim Cook for Holi?
- What will South Korea’s antitrust regulator study in the e-commerce sector?
- How much did Indian startups raise last week?
- What was the nature of market volatility in the recent week?
- What growth percentage is Samsung ahead of in the 5G industry?
- What recent policy decisions influenced investor sentiment according to Vinod Nair?
- Why did Elon Musk part ways with OpenAI?
- Which countries are dropping in GDP (PPP) rankings?
- What directive has Sebi issued to mutual fund schemes?
- How much did Maruti Suzuki invest in Amlgo Labs?
- What is Bima Sugam?
- Why has Apple reportedly shelved plans for smartwatch display screens?
- Why is the UK’s CMA investigating the Vodafone and Three UK merger?
- How much has the volume of coal imported for blending by thermal power plants reduced?
- What is the ‘Illness to Wellness’ initiative focused on?
- By how much did India’s forex reserves increase in the week ended March 15?
- What penalty was imposed on Air India by DGCA?
- What did the RBI’s Central Board of Directors discuss at their meeting?
- What did IPHE’s Vice Chair say about India’s National Green Hydrogen Mission?
- What will the Synergy Lounge by Tech Mahindra and IBM focus on?
- Who visited Samsung BKC at Jio World Plaza, Mumbai?
- What trend is observed in Indian steel markets?
- What project will Zoho collaborate on with Ananthan Ayyasamy?
- How many Byju’s tuition centres are currently operational?
- Who did Deepinder Goyal marry?
Answers
- The Voltech Group is majorly into testing, commissioning, and maintenance of electrical systems in power and other plants.
- Apple CEO, Tim Cook extended Holi wishes.
- Joshua Karthik clicked the image shared by Tim Cook for Holi.
- South Korea’s antitrust regulator will study market structure and competition issues in the e-commerce sector.
- Indian startups secured over $447 million last week.
- The market was volatile, opening positive then turning negative and vice versa, but gained on four of the five trading sessions.
- Samsung is ahead by 52 percent growth in the 5G industry.
- Investor sentiment was influenced by policy decisions from major central banks, including interest rate hikes and cuts.
- Elon Musk thought OpenAI was going to fail and wanted total control to turn it around.
- Germany, Japan, and the UK are dropping in GDP (PPP) rankings.
- Sebi directed mutual fund schemes with investments in ETFs listed on foreign exchanges as the industry reaches close to the $1 billion investment limit.
- Maruti Suzuki invested over Rs 1.99 crore in Amlgo Labs.
- Bima Sugam is an insurance e-marketplace for buying, selling, and servicing insurance policies and settling claims.
- Apple shelved plans for smartwatch display screens due to pulling the plug on an in-house project.
- The UK’s CMA is investigating the Vodafone and Three UK merger for potential higher prices for consumers.
- The volume of coal imported for blending by thermal power plants reduced by 36.69 percent.
- The ‘Illness to Wellness’ initiative focuses on generating awareness on various mind and body conditions and promoting healthy living.
- India’s forex reserves surged by $6.4 billion.
- A financial penalty of Rs 80 lakh was imposed on Air India by DGCA for violation of FDTL and FMS regulations.
- The RBI’s Central Board of Directors discussed the global and domestic economic situation, challenges, and the bank’s activities.
- IPHE’s Vice Chair praised India’s National Green Hydrogen Mission and its ambitious targets.
- The Synergy Lounge will focus on operationalizing and deriving value from next-gen technologies.
- Jong-Hee (JH) Han visited Samsung BKC at Jio World Plaza, Mumbai.
- Indian steel markets witnessed an unexpectedly soft quarter with average prices down 3-4 percent sequentially.
- Zoho will work with Ananthan Ayyasamy to create an advanced chip design facility in a rural region.
- 262 Byju’s tuition centres are currently operational across the country.
- Deepinder Goyal married Mexican entrepreneur Grecia Munoz.
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Questions
- What major expansion is the Voltech Group planning?
- On which platform did Tim Cook share his Holi greetings?
- What is the primary purpose of South Korea’s antitrust regulator’s study into the e-commerce sector?
- What types of deals were included in the $447 million raised by Indian startups?
- How did the markets perform at the end of the recent volatile week?
- What is Raju Pullan’s position at Samsung India?
- What were the market impacts of the Bank of Japan and ECB’s recent rate decisions?
- What was Elon Musk’s alternative plan for OpenAI before parting ways?
- How is India’s GDP (PPP) performance compared to other countries?
- What is the investment limit set by Sebi for mutual funds’ investments in ETFs on foreign exchanges?
- What technology focus does Amlgo Labs have?
- What services will Bima Sugam provide?
- What technology was Apple planning to develop for its smartwatch before shelving the plans?
- What concern does the CMA have regarding the Vodafone and Three UK merger?
- What significant change occurred in thermal power plants’ coal import behavior?
- How is the ‘Illness to Wellness’ initiative spreading awareness about viral hepatitis?
- What was the trend in India’s forex reserves in weeks preceding the latest increase?
- What regulations did Air India violate, leading to a financial penalty?
- What topics did the RBI’s Central Board of Directors approve for the next accounting year?
- What is the global perspective on India’s National Green Hydrogen Mission?
- What digital technologies will the Synergy Lounge promote for enterprises?
- What was Jong-Hee (JH) Han’s message about India during his visit?
- What factors are affecting the profitability of Indian steel markets?
- What is the goal of Zoho’s collaboration with Ananthan Ayyasamy?
- How is Byju’s responding to reports about shutting down tuition centres?
- What is Grecia Munoz’s background before marrying Deepinder Goyal?
Answers
- The Voltech Group is looking to expand into the nuclear field in a major way.
- Tim Cook shared his Holi greetings on X.
- To analyze the market structure and check competition issues to ensure fair business practices.
- Nine growth-stage deals and 11 early-stage deals.
- The markets gained on four of the five trading sessions and lost on one.
- Senior Vice President (VP) and Head of MX Business.
- The Bank of Japan’s unexpected rate hike and the ECB’s choice to maintain rates contributed to subdued sentiment, but it rebounded after the Fed’s indication of rate cuts.
- Musk wanted total control to turn OpenAI around but parted ways due to a difference in vision.
- India has achieved significant gains in GDP (PPP) and its share has been increasing.
- Close to the $1 billion investment limit.
- Artificial Intelligence and Machine Learning (AI-ML).
- Buying, selling, and servicing insurance policies as well as settling claims.
- MicroLED technology.
- The deal could lead to higher prices for consumers.
- A reduction of 36.69 per cent in the volume of coal imported for blending.
- Through its ‘Winning Over Mothers With Hepatitis B’ (WOMB) initiative.
- There was a big jump in the country’s forex reserves for three consecutive weeks.
- Flight duty time limitations (FDTL) and fatigue management system (FMS) regulations.
- Digital payments, consumer education, and awareness.
- Participating countries are impressed by its ambitious targets and policies.
- AI, Intelligent Automation, Hybrid Cloud, 5G, Edge Computing, and Cybersecurity.
- India is the next big playground for artificial intelligence (AI).
- Lower realisations and higher coking coal consumption cost.
- To create an advanced chip design facility in a rural region.
- There is no reduction in tuition centres planned, denying reports of shutdowns.
- She worked as a model in Mexico and runs her own startup in the luxury consumer products space.
Business news India latest-September 30, 2023
One-liner Questions:
- How many new aircraft has Air India acquired this week?
- What models of aircraft did Air India acquire?
- Who are the top performers on the Nifty?
- What sector saw rising prices over the past few weeks according to Vaibhav Vidwani?
- How much additional infusion has the Jalan Kalrock Consortium made into Jet Airways?
- What is the total financial commitment of Jalan Kalrock Consortium for the revival of Jet Airways?
- How much is the worth of the three National Highways projects inaugurated by Union Minister Nitin Gadkari in Maharashtra?
- Which states will be better connected by the new 4-lane National Highway 161?
- What is the length of the highway network constructed in Washim district in the last nine years?
- What did Minister of State for Electronics and IT, Rajeev Chandrasekhar, say about net neutrality in India?
- Under what condition may the Reserve Bank of India’s Monetary Policy Committee revise the repo rate?
- When will the ‘Amazon Great Indian Festival’ start?
- What are petrol pump operators in Rajasthan preparing for?
- What is Hindustan Zinc’s Board of Directors considering?
- What percentage of consumers found the mobile number porting process easy?
- Why did the Managing Director and CEO of Tamilnad Mercantile Bank resign?
- How much does Advent International plan to invest in its Cohance Lifesciences?
- Why did the shares of Navin Fluorine slump?
- What achievement has the new Rolls-Royce small gas turbine accomplished?
- Where did Air India lease its Airbus A350-900 from?
- What is unique about Croma’s retail pop-up experience?
- How much electricity will GRIDCO source from NLCIL under the new power purchase agreement?
Answers:
- Air India acquired three new aircraft this week.
- Air India acquired the first Airbus A350 and two Boeing 737MAX.
- The top performers on the Nifty were Nifty Metal and Nifty Pharma.
- The metal sector saw rising prices over the past few weeks.
- The Jalan Kalrock Consortium made an additional infusion of Rs 100 crore into Jet Airways.
- The total financial commitment for the revival of Jet Airways by the Jalan Kalrock Consortium is Rs 350 crore.
- The worth of the three National Highways projects inaugurated in Maharashtra is Rs 3,695 crore.
- The new 4-lane National Highway 161 will improve connectivity between Maharashtra and Telangana.
- 227 km of highway network has been constructed in Washim district in the last nine years.
- Rajeev Chandrasekhar said that India is one of the first countries to ensure net neutrality.
- An unforeseen and sustained increase in inflation may compel the RBI’s Monetary Policy Committee to revise the repo rate upwards.
- The ‘Amazon Great Indian Festival’ will start from October 8.
- Petrol pump operators in Rajasthan are preparing to go on strike from October 1.
- Hindustan Zinc’s Board of Directors is considering a comprehensive review of its corporate structure.
- Only 47 per cent of consumers found the mobile number porting process easy.
- The Managing Director and CEO of Tamilnad Mercantile Bank resigned due to personal reasons.
- Advent International plans to invest $2 billion in its Cohance Lifesciences.
- Shares of Navin Fluorine slumped due to the resignation of the company’s Managing Director for personal reasons.
- The new Rolls-Royce small gas turbine completed its first fuel burn.
- Air India leased its Airbus A350-900 from an entity registered in Gujarat International Finance Tec-City (GIFT City).
- Croma hosted the first-ever retail pop-up experience on a cruise ship to deliver the iPhone 15 series experience to passengers.
- GRIDCO will source 800 MW electricity from the upcoming Talabira thermal power plant of NLCIL.
Business news India latest-2022-June 10
Business news India latest: 1- Home Development Finance Corporation (HDFC) has upped its Retail Prime Lending Rate (RPLR) on housing loans – the benchmark for its Adjustable Rate Home Loans (ARHL) – by 50 basis points.
2-According to NSE data, the top five losers among the Nifty50 equities during the morning session were Wipro, Bajaj Finance, Tech Mahindra, Hindalco, and Tata Steel.
3-The Odisha government accepted 11 investment applications worth Rs 2,082 crore on Thursday, creating jobs for 3,612 people in the state, according to officials.
4-The European Central Bank (ECB) intends to hike interest rates for the first time since 2011 next month after warning that inflation will be higher than previously projected.
5- Iran is researching an alternative financial mechanism within the framework of international law in order to encourage two-way trade with India, according to visiting Foreign Minister Dr. Hossein Amir-Abdollahian on Thursday.
Business news India latest
6-The Indian government has approved the proposal to sign an MoU between India and the United Arab Emirates (UAE) on industrial and advanced technology cooperation.
7-Investment in renewable energy in India hit a record $14.5 billion in the past fiscal (2021-22), a 125% rise over FY2020-21 and a 72% increase over the pre-pandemic FY2019-20, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).
8-According to the Dubai Media Office, the number of tourists to the city surpassed 5.1 million between January and April 2022, representing a 233% rise.
9-Dubai had nearly four million international overnight visitors between January and March 2022, a 214 percent increase year on year.
10-Dubai also rated top in the world in hotel occupancy in the first quarter of 2022, with 82%.
Business news India latest
11-Trent is a prominent player in India’s branded retail market.
12-Founded in 1998 as part of the Tata group, Trent is headquartered in Mumbai but operates throughout India.
13-The Cabinet Committee on Economic Affairs (CCEA) has approved a 4-9 percent rise in the Minimum Support Prices (MSP) for all mandatory Kharif crops for the marketing season 2022-23.
14-As India prepares for the 5G spectrum auction, the TRAI hopes to provide a framework for businesses to construct their own private networks.
15- According to the QS World University Rankings 2023, O.P. Jindal Global University (JGU) has been named India’s No. 1 Private University for the third year in a row.
Business news India latest
16- According to the prestigious QS World Institution Rankings 2023, JGU is also India’s No. 1 ranked university with a sole focus on social sciences, arts, and humanities. There are 11 IITs among the 41 institutions ranked in India.
17-JGU is India’s only non-STEM and non-Medicine university to be ranked in the QS World University Rankings 2023.
18- In terms of international faculty ratio, JGU is India’s third highest-ranked institution.
19- In terms of faculty-student ratio, JGU is listed among the top 250 institutions in the world.
20-Despite the fire mishaps, Okinawa Autotech has surpassed Ola Electric to become India’s leading electric two-wheeler maker.
Business news India latest
21-Biocon Chief Kiran Majumdar-Shaw lambasted the authorities once more on Wednesday for the city’s pothole-ridden roads.
22-Telagnana Minister K.T. Rama Rao welcomed IT companies to relocate from Bengaluru to Hyderabad, promising superior facilities. His remark sparked outrage and sparked debate in both states.
![](https://i0.wp.com/gkquickfacts.com/wp-content/uploads/2022/06/K.T.-Rama-Rao.jpg?resize=200%2C200&ssl=1)
23- Sri Lankan Prime Minister Ranil Wickremesinghe met with International Monetary Fund Managing Director Kristalina Georgieva on Wednesday to discuss the country’s economic problems, the prime minister’s office said in a statement.
24-The Reserve Bank of India hiked the benchmark lending rate, or repo rate, by 50 basis points to 4.9 percent on Wednesday to combat increasing inflation, which has now exceeded the central bank’s 6% tolerance limit for four months in a row.
25-While projecting India’s overall retail inflation for FY23 at 6.7%, Reserve Bank of India Governor Shaktikanta Das stated that the food group accounts for 75% of the increase in inflation estimates.
![Shaktikanta Das](https://i0.wp.com/gkquickfacts.com/wp-content/uploads/2022/06/Shaktikanta-Das.jpg?resize=900%2C506&ssl=1)
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