BUSINESS
Deliberate malicious attempt by Bharti Airtel to defame RJIL's consumer friendly tariffs: RJIL to TRAI
Bharti Airtel had filed a complaint on alleged predatory offers of Live TV channels with broadband plans by RJIL. RJIL said a close reading of the complaint letter would clearly establish that Airtel's sole grouse is that JioFiber is offering reasonable tariffs to customers. "Evidently, all its unsubstantiated claims of predation, non-level playing field, non-compliance with TTO's and NTO are just woven around this singular theme and this complaint should be dismissed simply on the ground of being frivolous attempt to protect its own interests.
IMF cuts growth projection for India 'because it got it wrong before'
The fund's had a grim warning for the global economy though: while the recovery from pandemic and the war in Ukraine will continue, although at a rate slower than projected before, because of recent turmoil in the banking sector -- shutting down of two regional banks in the US and the distress sale of Switzerland's Credit Suisse -- the "fog around the world economic outlook has thickened".
India committed to reforms agenda, has investment opportunities: Nirmala Sitharaman
Participating in a roundtable meeting on "Investing in the India Decade" organised by industry body FICCI and US India Strategic Partnership Forum in Washington D.C. on the sidelines of Spring meetings of the IMF and World Bank, Sitharaman on Tuesday underlined the reality of a global acknowledgement of a "New India" and the renewed role India is poised to play in global economic order, besides India as an investment destination.
Google slapped with $32 mn fine for unfair practices in app market
The punishment came as the U.S.-based global tech giant made shady agreements with South Korean mobile game companies between June 2016 and April 2018, banning them from releasing their content on One Store, according to the Fair Trade Commission (FTC).
Hyundai to invest $18.2 bn in EV production by 2030
Hyundai Motor, its smaller affiliate Kia and auto parts maker Hyundai Mobis will collectively make the investment to become the world's No. 3 EV maker in terms of sales by 2030, the group said in a statement. The move is in line with global carmakers' plans to fill their lineups with zero-emission vehicles to help slow the pace of global warming.
Interest rates likely to fall to pre-Covid levels in advanced economies, IMF says
The International Monetary Fund (IMF) said increases in borrowing costs are likely to be "temporary" once high inflation is brought under control. The Bank of England has been raising interest rates since December 2021, taking them from 0.1 per cent to 4.25 per cent. This has raised mortgage payments for many homeowners.
1 in 4 cars sold in India now has embedded cellular connectivity, Baleno leads
Maruti Suzuki's Baleno was the best-selling connected car model in 2022, while MG, Hyundai, Kia and Tata Motors led in terms of connected car models' share in their portfolios. Launched in 2019 with a price of less than Rs 20 lakh with over 50 features, MG's Hector was the first non-premium model in India to have embedded connectivity.
Delphi TVS Tech to invest Rs 450 crore in expansion, looks at tractor segment
The Rs 1,800 crore turnover company, part of the $8 billion TVS group, is also looking at the tractors and commercial vehicles segment for its common rail systems. "The group is also looking at segments powered by new fuels. Electric is one of the new fuels," Chairman and Managing Director T.K.Balaji told media persons here.
REIT - An alternative investment class
Fixed deposit is another asset class which gives just the coupon rate and at times when the economy does well, fails to return the rising cost of inflation. Real estate comes with its mystique and is an asset class which has high returns but is cyclical, and entry and exit from this investment is a tedious process and above all requires very large investments.
Gold prices inch up on Tuesday
"Gold prices traded up on Tuesday, with spot gold prices at Comex were trading higher by 0.74 per cent at $2,006.0 per ounce. Gold June future contract at MCX were trading up by 0.80 per cent at Rs 60,580 per 10 grams by noon session," said Saumil Gandhi, Senior Analyst, Commodities, HDFC Securities.
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