Moderating inflation boosts economic fundamentals

An article published in the Reserve Bank of India (RBI) Bulletin highlighted the positive trends in India's macroeconomic fundamentals. Retail inflation, which had peaked at 7.44% in July, declined to a three-month low of 5.02% in September, primarily due to moderating vegetable and fuel prices.

Monetary policy to stay tight, interest rates to remain high

Reserve Bank of India (RBI) Governor Shaktikanta Das, while addressing the Kautilya Economic Conclave 2023, emphasized the importance of an actively disinflationary monetary policy. He stressed that such a policy is essential to ensure that the recent decline in inflation, which has fallen from its peak of 7.44% in July, continues smoothly.

India to launch semiconductor research centre in 2024

The Ministry of Electronics Technology (MeitY) is poised to launch the Bharat Semiconductor Research Centre in collaboration with industry and academia, beginning in 2024, announced Minister of State Rajeev Chandrasekhar. The initiative aligns with Prime Minister Narendra Modi's vision for Indian leadership in semiconductor research. A group of global and national semiconductor experts have designed the center, positioning it to be a leading institution in semiconductor research within the next four to five years. The nature of government investment, whether grants or equity for intellectual property rights, is yet to be decided.

PM LAUNCHES INDIA'S FIRST HIGH-SPEED INTERCITY TRAIN SYSTEM

RRTS is a dedicated high-speed, high-capacity commuter service, revolutionizing India's transportation with reliable, high-frequency, point-to-point regional travel.

MOS Chandrasekhar unveils skill training programme in Tripura

Union Minister of State for Entrepreneurship and Skill Development, Rajeev Chandrasekhar, announced the launch of the ‘Heartland Tripura’ project aimed at providing skill training to the youth of the northeastern state.

KCR govt in Telangana as most corrupt in India: Rahul Gandhi

On Thursday, Congress leader Rahul Gandhi slammed the K. Chandrashekar Rao government in Telangana, accusing it of being the most corrupt in the country and being controlled by one family.

SC notice to Delhi cops over NewsClick founder's plea

The Supreme Court on Thursday issued notice to Delhi police on pleas filed by Newsclick founder and Editor-inChief Prabir Purkayastha and the website’s human resources head, Amit Chakraborty, challenging their arrest under the Unlawful Activities (Prevention) Act (UAPA) over alleged Chinese funding to promote anti-national propaganda.

PM MODI UNVEILS 511 SKILL CENTRES IN RURAL MAHARASHTRA

These skill development centres, named after late BJP leader Pramod Mahajan, are being established across 34 rural districts of Maharashtra

Trudeau's foreign policy, much ado about nothing: Wrapped up in identity crisis and geopolitical decline

What the above title means by nothing is that a good portion of the world largely thinks nothing much, or little in the larger scheme of geopolitics about many of Canada’s international positions.

ABD to host webinar on food security in SE

The COVID-19 pandemic has exposed vulnerabilities in the Association of Southeast Asian Nations (ASEAN) food systems, and to address these challenges, ASEAN has developed a regional cooperation framework for food security and pursued policy reforms in domestic production and agriculture markets.

WFP seeks $19 mn for quake-hit Afghanistan

On Wednesday, United Nations’ World Food Programme appealed for USD 19 million to provide emergency assistance to tens of thousands of people affected by a series of devastating earthquakes and aftershocks that has rocked western Afghanistan.

FAB announces net profit of AED 12.4B in first 9 mths of 2023

In the first nine months of 2023, First Abu Dhabi Bank (FAB) has marked a historic achievement, with a reported net profit of AED 12.4 billion.

RUSSIA SENDS GAZA WITH 27 TONS OF HUMANITARIAN AID

As per the Russian Foreign Ministry, in their recent phone conversation, Putin emphasized Russia’s efforts to halt the violence in the Gaza Strip

Google Pay introduces consumer & merchant lending on UPI

In an effort to strengthen its financial services offerings in India, online payment service provider Google Pay partnered with banks and non-banking financial institutions (NBFCs) to launch a range of credit-focused solutions for customers and merchants on October 19.

Retail sector leasing jumps 46% in Top 8 cities from Jan to Sep 2023

The retail sector leased 4.73 million square feet of space across the top eight Indian cities from January to September 2023, an increase of 46% from 3.23 million sq ft (msf) the previous year.

World Bank debars HTC construction in fraud case

Following regulatory criticism for purported attempts to falsify mobile application registrations, Bank of Baroda (BoB) has taken measures, including suspending staff members accused of manipulating client information.

KFin Tech secures LIC Pension Fund investment deal

KFin Technologies Limited (KFintech) and LIC Pension Fund Limited (LICPFL) signed a multiyear, high-value Investment Management Solution (IMS) deal.

Tata Motors partners with Amazon for Alexa in SUVS

Tata Motors said on October 19 that it has teamed up with Amazon to bring Alexa to its recently released line of cars, which includes the Harrier, the Safari, and the Nexon.ev.

GOOGLE TO PRODUCE PIXEL PHONES IN INDIA BY 2024

The first Pixel smartphones are expected to be released in 2024. At Google, have discussed ideas to manufacture Pixel smartphones domestically in India

Meghalaya Cabinet approves Rs 565 cr NTPC power dues payment

Minister AT Mondal, the Meghalaya Cabinet on October 18 accepted a proposal to pay the National Thermal Power Corporation (NTPC) its outstanding power debt in 20 installments for a total of Rs 565 crore.

Karnataka aims for Rs 15,000 cr EV investment: Industry Minister

Minister of Large and Medium Industries M B Patil, Karnataka has successfully drawn investments of Rs 25,000 crore, spanning the whole value chain, as it is leading the way in promoting the growth of the electric vehicle sector.

Bike taxi drivers request EV transition timeline from Delhi LG

In a letter to Lieutenant Governor V K Saxena of Delhi, nearly 1,500 bike taxi drivers requested that they be granted the same timeframe for switching to electric vehicles as their delivery service counterparts.

Airtel gains 4.8 mn 5G customers in 3 States in 1 Year

Bharti Airtel has revealed that it has over 2.1 million unique 5G subscribers on its network in Madhya Pradesh and Chhattisgarh and 2.7 million unique 5G consumers on its Rajasthan network, all within a year of the introduction of Airtel 5G Plus.

ONION PRICES IN WHOLESALE MKT OF MAHA INCREASE 30%

The government surpassed the initial procurement target of 3.00 lakh metric tonnes and raised the onion buffer to 5.00 lakh metric tonnes for the current year

Airtel sees Rs 8,000 crore market opportunity

Bharti Airtel, a leading telecom operator in India, has introduced a Contact Center as a Service (CCaaS) platform, claiming it to be the industry’s first omnichannel cloud solution.

Festive car discounts soar, retail real estate leasing up 46%

As the festive season gains momentum in India, car dealerships across the country are offering substantial discounts on various car models, ranging from Rs 25,000 to over Rs 1 lakh.

Middle East conflict could push up natural gas prices

The recent conflict between Israel and Hamas has raised concerns in the international energy market, particularly regarding the supply of natural gas.

GST officers uncover Rs 1.36 lakh crore tax evasion

GST (Goods and Services Tax) evasion in India has become a growing concern, with the finance ministry reporting significant instances of evasion during the current fiscal year.

INDIA'S WHEAT OUTPUT REVISED DOWN TO RECORD 110.55 M TONNES

Unseasonal rains during the harvesting season led to a decrease in wheat production, highlighting agriculture’s susceptibility to environmental factors

Delhi AQI remains 'moderate' at 83, shows marginal improvement from Tue

Amid concerns around stubble burning in neighbouring Punjab, Haryana, and Uttar Pradesh, the overall air quality in the national capital continued to remain in the’moderate’ category on Wednesday.