Skip to main content

What the business news this week india in English

What the business news this week india in English. Let's take a brief look at what's in business news this week.
 
what the business news this week india in English
business news

Maruti 800 completes 40 years

One of India's famous cars, the Maruti 800 car, which was the first symbol of the Maruti Suzuki company, was launched on December 14, 1983. Sales of passenger vehicles in India, which had been stagnant till then, were phenomenal after its introduction. The Maruti 800 turned the dominance of Hindustan Motor Company's 'Ambassador' and 'Premier Padmini' cars upside down. 
 
The Maruti 800 was called the 'people's car', fulfilling the dream of buying a car for most of the middle class people. In 2014, the company completely stopped the production of Maruti 800. So far, a total of 29.20 lakh Maruti 800 cars have been produced.

BSE, market cap at record high

The market capitalization of companies listed on the Mumbai Stock Exchange has touched a new all-time high of Rs 354.41 lakh crore. Also, the value of investors' assets also rose by Rs 3.22 lakh crore in a single day yesterday.

Stock markets around the world were upbeat after the US Federal Reserve said it is likely to cut interest rates by 0.75 percent next year without raising interest rates. Due to this, the value of companies listed on the Bombay Stock Exchange reached Rs 354 lakh crore.

Bank of England not raising interest rates

As concerns about the state of the UK economy continue, its central bank, the Bank of India, has announced that it will keep interest rates unchanged. Due to this, the interest rate is set to remain at a 15-year high of 5.25 percent. The same situation has been going on since last August. 
 
The Bank of England has been raising interest rates for the past 2 years to control the continued inflation. Inflation is currently at 4.60 percent.

The US Federal Reserve left interest rates unchanged

The US Federal Reserve left interest rates unchanged for the third time in a row. Thus the interest rate continues at 5.40 percent. It was seen as a signal from the bank that after announcing the highest rate hike in 40 years to control inflation, there will be no more interest rate hikes. 
 
The Federal Bank said that although inflation has slowed down, it is still increasing and the interest rate is likely to be cut by 0.75 percent in the second half of next year.

Economic growth at 6.70 percent A.D.P.,

The Asian Development Bank has raised its forecast for the growth of the Indian economy to 6.70 per cent from the previous 6.30 per cent.

In the September quarter, India's economy grew more than expected, raising its forecast to 6.70 percent for the current financial year. In the current financial year, although India's agriculture sector growth will slow slightly, industrial sector growth will offset this, and the inflation forecast for the current fiscal year will remain at 5.50 percent, it said.

Inauguration of 'Tata Technologies' Center in Coimbatore

Tata Technologies has started an innovation center in Coimbatore, focusing on automotive software. Through this center, it will provide development, testing and integration of automotive software solutions to customers worldwide. 
 
In the first phase, it is planned to recruit 100 software experts from Coimbatore district. The center will also provide new opportunities for local talent to work on global projects, Tata said.

'Spice Jet' to raise Rs 2,250 crore

Troubled Spice Jet has announced plans to raise Rs 2,250 crore in capital.
 
SpiceJet plans to use the funds raised to overcome prolonged financial crisis, market expansion and upgrade existing aircraft. The company's loss for the quarter ended September of the current financial year was Rs 428 crore.

'Volkswagen' price hikes from January

Volkswagen car company, In India, it plans to increase the price of its passenger cars from January 1. Considering the rising input and material cost, it has decided to increase the price depending on the model.

Already, Maruti Suzuki, Hu Toy, Tata Motors, Mahi Dira, Honda, Audi, B.M. Many car companies, including W., have announced price hikes.

Tags:

Comments

Post a Comment

Like this 22k jewelers blog?

Popular posts from this blog

At one time, the tax rate in India was 97.50

Many feel that foreign countries tax the rich very heavily and India does not. But did you know that at one time India had to pay 97.50 percent of income tax? Indira Gandhi What is the historical tax rate in India Debates such as distribution of wealth and introduction of inheritance tax have arisen and are currently being discussed in a frenzy. But, in our country, 50 years ago, maximum tax was collected up to 97.50 percent. There was such a period in India. During Indira Gandhi's tenure as Prime Minister, income tax in India was as high as 97.50 percent. However, this collection came to an end shortly after. Indira Gandhi saw taxation as an important mechanism to balance income and wealth. Based on this, in February 1970, he presented the budget in Parliament and addressed it. Social welfare was the theme of the budget. Since the green revolution was taking place, various announcements related to the agriculture sector were included in the budget. A huge sum...
Post a Comment
Read more

Why stock market investment tips don't work in india

It is said that proper research and analysis are necessary for direct investment in stocks. However, many investors seek tips that point to stocks that can be profitable.    Stock market why stock market investment tips don't work properly Although they attract recommendations to buy or sell specific stocks, they can cause problems in practice. Especially now, with the influence of social media, stock recommendations are followed by many people. Let's look at the problems in investing in stocks based on tips. Stock Guidance: It is natural to be interested in knowing stocks that can win among thousands of stocks. But finding them is difficult. That is why many people believe that investment tips will answer this. These tips do not contain investment-related guidance. New Trends: Not only stocks, but also mutual fund schemes are given tips. These are like the technology sector is the future or the pharmaceutical sector is now safe. The basics of this strategy and th...
Post a Comment
Read more

India will be the global gold price setting body

New Delhi: India is planning to become a gold price setter, the Chamber of Commerce of India said at a gold and gemstone conference. The industry said at the event, Gold price India will emerge as a country that sets gold prices India is a global gold price s etter. Instead, it should become a gold price setter. Domestic mining will help in this. Domestic production will meet 20 percent of the country's gold demand in the next decade. Due to insufficient domestic gold production and the lack of a gold banking system, we have to depend on the London market price. In the next 2-3 years, India will emerge as the world's jewelry hub. Gold and jewelry purchases should be honest and transparent. The Indian Standards Institution plays a key role in determining the quality of gold. Similarly, the OECD and London Bullion Market Association standards can also be adopted or equivalent standards can be developed. Similarly, the ban on the export of 24-carat gold from India h...
Post a Comment
Read more