Q4 GDP Growth Of 6.1% Beats Estimates, Grows In FY23
The gross domestic product, which is a representation of any country, revealed the world's growth has been hit by recession and geopolitical tensions, economists had predicted a 5% GDP growth for India. The Reserve Bank of India pegged it at 5.1%. But the Indian economy has beaten both estimates by a significant margin, to clock a 6.1%, GDP growth in the January-March quarter of FY23.
Tags: FY23, Indian GDP, Growth, Quarter Finances, World Recession
Courtesy: The Indian Express
Elon Musk Regain Wealthiest Man Spot With Tesla Success
Elon Musk has once again become the world's wealthiest person, surpassing luxury tycoon Bernard Arnault. The shift occurred after shares of Arnault's LVMH dropped in Paris trading. Musk and Arnault have been in a close race for the top spot on the Bloomberg Billionaires Index this year. Recently, Musk slipped from the top wealthy man spot, but with Tesla's success his fortune is now $192.3 billion and regained the status.
Tags: Elon Musk, Wealthiest Man, Tesla, Billionnaires, Bloomberg report
Akash & Shloka Ambani Welcomes Second Child
Akash Ambani, the elder son of billionaire Mukesh Ambani, and his wife Shloka Mehta Ambani on Wednesday welcomed their second child on Wednesday, a baby girl. The couple had their first child Prithvi in December 2020. Dhanraj Nathwani, a friend of the Ambani children and son of family confidant and Rajya Sabha MP Parimal Nathwani, took to Twitter to announce the birth of the girl child.
Tags: akash ambani, shloka ambani, Indian Businessman, Baby Child, Ambanis
Courtesy: Press Trust of India
Govt To Reject Funding Application Of Vedanta-Foxconn
The Indian government is likely to reject crucial funding for Anil Agarwal's chip venture, said sources. Notably, the government authorities will likely inform the joint venture between Taiwan's Foxconn and Vedanta that it will not be receiving incentives for the production of 28-nanometer chips. The announcement will be a blow to Anil Agarwal's dream of establishing India's version of Silicon Valley. The venture failed to meet government's… read-more
Tags: Foxconn, Vedanta, Venture, Funding Application, Business News
Exchange Of Rs 2,000 Continues, SBI Collected Rs 17,000 Crore
The withdrawal of Rs 2,000 notes from circulation has been a ruckus for businessmen as they rush to banks for exchange. Despite a span of four months given by the Reserve Bank of India, the flow of money exchange continues. Notably, a considerable number of people are disposing of Rs. 2,000 notes. Furthermore, within a week, the State Bank of deposits and exchanged currency worth Rs 3,000 crore.
Tags: Bank, SBI, Indian Business, RBI, Rs 2000 Notes
Delhi HC Rejects Plea Filed Over Rs 2,000 Note Exchange
The Delhi High Court dismissed a public interest litigation (PIL) filed against the decision of no identity proof and requisition slip, in order to exchange Rs 2,000 notes. The PIL opposed the Reserve Bank of India's (RBI) decision and demanded the court to direct the agency to reverse its order. However, the HC bench led by Justice Satish Kumar Sharma, refused to entertain the petitioner
Tags: RBI, Delhi HC, Notes Exchange, Rs 2000, Petition
Courtesy: Press Trust Of India
Go First Extended Flight Cancellation Till May 31
In an official statement, airline Go First announced that its flight operations will remain cancelled till May 30. The tweet shared also mentioned that passengers would get a full refund. "We regret to inform you that due to operational reasons, Go First flights scheduled till May 30, 2023, have been cancelled," said the airline. This is the second time that Go First extended the cancellation of operations.
Tags: Indian Flights, Aviation, Airlines , Go First, Operation Suspended
Delhi HC Lists PIL Against Rs 2,000 Note Withdrawal By RBI On May 29
The Delhi court, which was hearing a PIL challenging the RBI's decision to withdraw the banknote from circulation, posted the matter for hearing on May 29. The withdrawal of Rs 2000 denomination banknotes from circulation was a “currency management exercise”, said RBI. A bench headed by Chief Justice Satish Chandra Sharma is reviewing the matter, and asked the RBI to defer the decision of the withdrawal of Rs 2,000 notes.
Tags: Delhi HC, Indian government, RBI, Rs 2, 000 note
Courtesy: Press Trust of India
Petrol Pump In Hyderabad Notice For Customers With Rs 2,000 Note
Taking advantage of the withdrawal of Rs. 2,000 notes, a petrol pump in Musheerabad region of Hyderabad came up with this unique sale strategy. At the petrol pump, they put up a small note saying, customers who come with Rs. 2,000 note had to purchase petrol for a minimum of Rs. 500. This creative idea of boosting sales is going viral on social media platforms. This is going viral.
Tags: petrol pump, Funny Post, Viral, Rs 2000, Hyderabad Customers
Courtesy: The Hans India
Indian Navy Likely To Exetend Lease Of Sea Guardian Drones
With Quad nations joining hands-on maritime domain awareness in the Indo-Pacific, India plans to speed up the acquisition of armed drones from the US. The decision came despote the fact that the Indian Navy is working towards extending the lease of two General Atomics-manufactured Sea Guardian surveillance drones, set to expire in January 2024. The Indian Navy is satisfied with the output of its surveillance version, the Sea Guardian.
Tags: Drone, Sea Guardian, Indian Navy, Indian government, lease
Courtesy: Hindustan Times