Union Cabinet Approved Royalty Rates For Rare Minerals
In an announcement made on Wednesday, the Union Cabinet approved royalty rates for some critical and strategic minerals. This decision comes after Minister of Mines, Vivek Bharadwaj announced that India will be auctioning some critical mineral mines. The royalty for Lithium, Rare Earth Elements (REE) and Niobium are 3%, 1% and 3% respectively. In August,…
Chandan Kumar
India To Have 8% Share In Global Space Economy By 2033
India’s Space Economy has been growing steadily for the last few years, and India has made several significant contributions to the field of space exploration. Now, the Chairman of the Indian National Space Promotion and Authorisation Centre ( IN-SPACe), Pawan Goenka has estimated that the Indian space economy will reach more than $44 billion by…
Shipra Prajapati
Forgery Case Is Filed Against Hero MotoCorp
The biggest bike manufacturer in India, Hero MotoCorp has been sued by the Delhi Police based on a complaint by Brains Logistics. The allegations are that Hero MotoCorp fabricated fake bills worth ₹5.9 crore and obtained a tax credit of over ₹55 Lakh. The complaint has been filed against the manufacturer along with three of…
Hamas Attack Likely To Raise Safe-Haven Investments
The recent Hamas attack on Israel has created turmoil in geopolitics around the world and many sectors have been affected because of it. The attack will lead investors towards safe-haven assets like gold and U.S. Dollar. Palestinian Group Hamas Attacked Israel where they launched more than 5,000 rockets on Israel. The attack has been condemned…
Elon Musk’s Twitter Deal Under Scrutiny From The SEC
The US Securities and Exchange Commission or SEC has started investigating Elon Musk over his $44 billion Twitter deal, they want the billionaire to testify. The Agency is looking to review Elon Musk’s statements and disclosure for the stock transaction of the Twitter deal. SEC said on Thursday that they arranged a testimony for Musk…
Abdullah Ansari
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…
Yash Sharma
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…
Music Giant Saregama Acquires 51.8% Stakes In Pocket Aces
India’s Oldest Music Label Saregama India Ltd. is all set to acquire a 51.8% Stake in entertainment company Pocket Aces For ₹174 crores and plans to buy another 41% in the next 15 months. Previously known as The Gramophone Company Of India Private Limited, Saregama has made this decision as a way to attract younger…
Vipin Kumar
Former Chipmaker Executive To Become The Next CFO Of Uber
The Biggest rideshare company in the world, Uber, announced on Wednesday that Prashantha Mahendra Rajah will be replacing Nelson Chai as the CFO of Uber. Prashantha Mahendra Rajah will step into his role of CFO on November 13, 2023. “I’m confident he’ll be able to help us deliver even more innovation and efficiency as we…
John David