RBI Begins Quarterly MPC Meeting- Repo Rate To Remain Same
The Monetary Policy Committee or MPC is a committee within the Reserve Bank Of India that is responsible for fixing the benchmark interest rates in India. To do this, the MPC meets at least once every quarter and this quarter MPC meeting has started with the sole aim of tackling the issue of high inflation…
Oil Minister Urges OPEC To Have A Sense Of Pragmatism
Oil prices have risen a lot in the last few months, since August 2022 the OPEC and OPEC+ group of oil exporters have decreased their oil production by 5% which resulted in a 34% hike in oil prices around the world. The price of a single barrel of oil in August 2022 was $72/bbl while…
Dunzo’s One Of Four Co-Founders To Leave The Startup
On-demand grocery delivery platform Dunzo said, “one of its co-founders will leave the startup.” Mukund Jha is reportedly to exit the Dunzo, making him the second co-founder to depart within a week. Before this, Dalvir Suri left the company. It is said that this step has been taken after considering the company’s poor position in…
Byju’s New CEO Arjun Mohan All Set To Fire 4500 People
The newly appointed CEO of Byju’s, Arjun Mohan, who took charge of the company on 20 September, has made a decision to fire more than 4500 people as a way to restructure the business and cut costs. In a meeting, Mohan briefed the company’s senior executives that he would be merging several business verticals as…
Apple to Amplify Its Production in India by Over Five-fold
The world’s leading smartphone manufacturer, Apple, has plans to increase its production by five times in India. News agency PTI (Press Trust of India) reported that the iPhone maker is all set to scale up its production up to $ 40 billion (3.32 lakh crore) in India. As per PTI’s report, Apple surpassed the $7…
Jatin Dalal Resigns As Wipro CFO: Aparna Iyer Named New CFO
On Thursday, India’s leading IT service firm, Wipro, said that its chief financial officer, Jatin Dalal, quit its 21-year stint with the company. India’s fourth-largest software services company has appointed insider Aparna C Iyer as its new CFO. Dalal’s resignation is another in a string of high-level exits at the IT giant in the last…
43 Pilots Resigned: Akasa Air Is In a State of Crisis
Akasa Air, the newly launched Indian airline, is in crisis, as its 43 pilots left without notice to join rival airlines, the airline told the Delhi High Court on Tuesday. The unexpected resignation of pilots has pushed the airline to cancel 24 flights per day in September. In an official statement, the airline said that…
How Can Midsize Companies Access Capital in Turbulent Times?
Today, businesses of all types are navigating uncertainty and volatility on multiple fronts. The consistent occurrence of high inflation, supply chain disruption, geopolitical unrest, technological changes, worker shortages, and a prolonged pandemic erects a quagmire for medium- to small-size businesses. Ever since the pandemic hit the world, all types of economic warning signs have been…
Reducing the Risk of Failed Financial Judgments
Whether individual or business, making Himalayan blunder financial decisions affects everyone and everything. Gartner’s Study on Business Finance reveals that bad financial decisions by management cost firms more than 3% of their profits. Making a subjective financial decision is pivotal in determining corporate financial performance; nevertheless, C-suite executives face a heightened risk that their companies…
Women’s Quota Bill Likely To Be Passed By Lok Sabha
The special session of the parliament continues, and house proceedings have moved to the new parliament building on Tuesday. The new parliament appears to become the place that emphasises gender justice symbols. The Women’s Reservation Bill will likely become the first bill tabled after moving to the new parliament building, while the new facility includes…
