BUSINESS
Financial markets need to be prepared for sudden decline: RBI Guv
Delivering the Nani Palkhivala Memorial Lecture on Saturday, Das said: "While abundant capital inflows have been largely driven by accommodative global liquidity conditions and India's optimistic medium-term growth outlook, domestic financial markets must remain prepared for sudden stops and reversals, should the global risk aversion factors take hold."
Mi 10i sets new benchmark in mid-price phone segment
Part of the premium flagship Mi 10 series portfolio, Mi 10i features a the 108MP camera coupled with Qualcomm Snapdragon 750G and future-proof 5G technology. According to the company, the "i" stands for India and the device is customised specifically for the domestic market.
Petrol, diesel prices unchanged across metros
In the national capital, petrol was sold at the record high level of Rs 84.70 per litre. Prices in Mumbai, Chennai and Kolkata were Rs 91.32, Rs 87.40 and Rs 86.15 per litre, respectively. Across the country, pump price of petrol and diesel remained static on Saturday.
Forex reserves up by USD 758 mn to lifetime high of USD 586.082 bn
In the previous week ended January 1, the reserves had increased by USD 4.483 billion to USD 585.324 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Piramal Group wins bid for DHFL with 94% votes
Piramal received 94 per cent of the votes from the Committee of Creditors (CoC), said people in the know. The minimum requirement for winning a bid is 66 per cent votes.
Centre may intimate qualified bidders for Air India by Jan 30
People in the know of the developments said that the transaction advisors are in touch with the interested bidders regarding several queries and the qualified bidders will be intimated only after the government is satisfied with the responses from the bidders.
Lack of managers keeps India's businesses small: Study
The study shows that the lack of managerial delegation factors significantly into why businesses in India tend to stay small and this has wider implications on the country's economy, constraining innovation, economic growth and per capita income.
Kerala FM presents Budget, aims to generate 8 lakh jobs
Addressing the Assembly, Issac said that it was a "people-centric and welfare-oriented Budget" and that schemes proposed in it would help support the underprivileged and downtrodden people amid the coronavirus pandemic.
Mumbai businessman nabbed for Rs 31 cr GST fraud
According to a GST statement, accused Anuj Gupta, who has five registered firms, including two in the Union Territory of Dadra and Nagar Haveli, was nabbed from Vile Parle.
Rising Chinese demand brings good fortune for Indian steel sector
Steel prices have already touched all-time high in the domestic market and are currently hovering around Rs 57,250 per tonne. Through Q3, HRC (hot roller coils) and Primary rebar prices increased by Rs 12,000 per tonne and Rs 15,500 per tonne respectively.
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