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.

 

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.