Business
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Reserve Bank Bulletin Flags Inflation Risks Amid Global Uncertainty
The Reserve Bank’s April Bulletin highlighted the potential risk to inflation from extreme weather conditions and ongoing geopolitical tensions affecting crude oil prices. Retail inflation, as measured by the Consumer Price Index (CPI), eased to 4.9% in March, down from an average of 5.1% in the previous two months. Despite this, the Reserve Bank has maintained its key interest rate…
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HDFC Bank Q4 Profit Jumps 37% on Strong Non-Interest Income
Bengaluru, Karnataka – April 20, 2024: HDFC Bank, a leading private sector lender, reported a 37.1% year-on-year increase in net profit for the quarter ended March 31, 2024, at Rs 16,512 crore. This growth was driven by a significant rise in non-interest income, which more than doubled to Rs 18,166 crore compared to Rs 8,731 crore in the same period…
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MG Motor India, Adani TotalEnergies E-Mobility sign MoU to strengthen EV ecosystem
Aimed at enabling ease of use and increased accessibility for customers Charging stations (60 kW DC) to be installed at designated MG dealerships Gurgaon, April 8, 2024: Adani TotalEnergies E-Mobility Limited (ATEL), a wholly owned subsidiary of Adani Total Gas Limited (ATGL), and part of the diversified Adani Portfolio and MG Motor India signed a Memorandum of Understanding (MoU) to…
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Vistara Faces Scrutiny Over Flight Disruptions: DGCA Demands Compliance
Following a surge in flight disruptions by Vistara Airlines, the Directorate General of Civil Aviation (DGCA) has mandated daily reports from the airline detailing cancelled or delayed flights. Citing reasons such as crew unavailability, DGCA Director General Vikram Dev Dutt emphasized compliance with provisions ensuring passenger facilitation, including advance information, refund options, and compensation if applicable. DGCA officials are monitoring…
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Citroen Partners with BluSmart Mobility to Expand Electric Fleet in India
French automaker Citroen has partnered with Indian EV firm BluSmart Mobility to bolster the latter’s electric vehicle fleet in India. The collaboration entails the supply of 4,000 Citroen e-C3 compact SUVs over a year. Initially, 125 e-C3 units were launched from BluSmart’s Bengaluru EV charging hub. This move aims to enhance BluSmart’s existing fleet of 7,000 EVs. Citroen’s e-C3 boasts…
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Adani Energy Solutions Wins Prestigious CII Climate Action CAP 2.0 Award 2023
Ahmedabad, 16 March 2024: Adani Energy Solutions Limited (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani Portfolio, has been conferred with Indian Industry body CII’s coveted Climate Action Programme ‘CAP 2.0 Award’ for 2023 in the ‘Resilient category’. The ‘Resilient category’ recognizes the company’s significant strides in resilience and adaptability, marking a notable…
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Modi Govt Reduce Petrol and Diesel by Rs 2, just before LS election
The central government led by Prime Minister Narendra Modi has announced Rs 2 per liter reduction in the prices of petrol and diesel, bringing relief to consumers ahead of the upcoming Lok Sabha elections. Effective from 15th March at 6 am, the price of both petrol and diesel will be slashed by two rupees, as confirmed by the Ministry of…
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British Airways’ Initiative with the Butterflies NGO Spreads Joy Among the Underprivileged Indian Street Children
British Airways, a leading global airline, continues its commitment to corporate social responsibility by partnering with Butterflies NGO in India, aimed at empowering underprivileged kids. The donation drive was carried out by 83 Indian employees of British Airways, including cabin crew, sales personnel, airport and cargo staff who came together in cities such as Bangalore, Delhi, Chennai, Mumbai and Hyderabad…
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Mysore Paints Eyes Growth with Diversification Plans
Bengaluru, Karnataka – The Karnataka government-owned Mysore Paints and Varnish Limited (MPVL) is set for a significant expansion, aiming to double its annual revenue this year. This ambitious target was announced by Heavy Industries Minister MB Patil following a board meeting yesterday. Currently generating a turnover of Rs. 34-35 crores, MPVL projects reaching Rs. 77 crores in 2024. The primary…
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Gold Prices Climb in India on US Interest Rate Cut Speculation
Bengaluru, India – March 10, 2024: Gold prices in India have continued their upward trend for the past ten days, mirroring a global surge. This rise is attributed to anticipation of a potential interest rate cut by the US Federal Reserve. Investors are holding off on major decisions until the Fed’s stance becomes clearer. Currently, 10 grams of 22-carat gold…
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