Business

Sources have indicated that the Gross Domestic Product (GDP) estimate for the fiscal year 2023, which will be announced during the Budget Session starting at 11 am, is expected to be in the range of 6 to 6.8%. Prior to Finance Minister Nirmala Sitharaman presenting the Economic Survey, the President of India, Droupadi Murmu, will …

Budget 2023: Indian economy to grow at 6-6.8% in FY24 according to Economic Survey Read More »

India’s government has finalised a report that was submitted to the Financial Stability and Development Council (FSDC), so there should be clarity regarding the legality for cryptocurrencies in that country very soon. In the next Budget 2023–24, it is unlikely that the Center would declare its choice regarding the legitimacy of virtual digital assets. But …

According to Finance Ministry sources, a policy agreement on cryptocurrency assets will be established soon Read More »

On Monday, food delivery service Zomato denied media claims that Instant, its 10-minute meal delivery service, was being shut down. It was rumoured that Zomato is shuttering its 10-minute meal delivery service, “Zomato Instant,” less than a year after it launched in an effort to become profitable in the face of difficult market conditions. “Instant …

‘Working on a new menu’: Zomato says it won’t shut its 10-minute food delivery service Read More »

According to two persons familiar with the proposal, India’s BPCL intends to shut down its 156,000 barrels per day (BPD) Bina refinery in central India for maintenance for nearly a month in June. According to the sources, the state-run refiner also intends to shut down half of its 240,000 BPD  Mumbai refinery in western India …

BPCL to shut down Bina refinery in June for maintenance AND inspection Read More »

With initiatives like special interviews for first-time applicants and increased staffing levels nationwide, the US embassy in India hopes to reduce the length of time that applicants must wait to receive visas. For the help of Indian citizerns who need visa in person interview for USA , the US embassy in Delhi and its consulates …

The US Embassy to cut visa wait periods for Indians Read More »

GoMechanic exaggerated finances to attract Investors to get Growth At All Costs. With revenue fraud & layoffs impacting 70 Percent of its workforce, Go-Mechanic is the latest Sequoia backed startup whose supposed main intention was to deflate the valuation to getting listed in a while on Indian exchanges. A group of investors have called for …

Go Mechanic story of financial exaggeration Read More »

Maruti Suzuki India, an automaker, announced on Friday that it intends to raise prices on all its models starting in January 2023. It cited cost challenges brought on by inflation and regulatory obligations. The automaker said in an exchange filing, “While the company makes the maximum effort to reduce cost and partially offset the increase, …

With effect from January 2023, Maruti Suzuki plans to raise automobile costs, citing inflation Read More »