RBI May Cut Dividend To Govt. Due To High-Interest Cost
Rbi Records The Lowest Surplus Transfer To The Government Of Rs.30,307 Crore In FY2022 As Compared To FY2021- The Indian Express The Reserve Bank Of India (RBI) is planning to cut the dividend to government due to the high-interest cost. During FY2022, RBI transferred the lowest surplus funds of Rs 30,307 crore to the government…
John David
U.S. Debt Ceiling Crisis Risk On Peak Again In 2023
With new leadership in the U.S. In The House of Representatives, the risk of deadlock over the debt ceiling may lead to a fiscal crisis the highest ever, according to Jason Furman, former top economic adviser during the administration of President Barack Obama. The Debt Ceiling is the maximum amount of money the United States…
Yash Sharma
Allcargo Logistics Obtained 75% Of Fair Trade GmbH
A leading logistics company, Allcargo Logistics, picked up a 75 percent stake in the European rival Fair Trade GmbH for 12 million euros. The German company Gesellschaft mit beschränkter Haftung (GmbH) is valued at 16 million euros. The Mumbai-based company said in the statement that ━ “the acquisition is being carried out through its European…
iPhones And Apple Watches May Arrive With MicroLED
Tech giant, Apple, is reportedly working on MicroLED displays to use in its iPhones and iWatches, by 2025. According to Apple reporter Mark Gurman, the iPhone maker is expected to use MircoLED screens in the Apple Watch first and replace the OLED display currently used. Earlier this month, it was reported that the company was…
Seetu kumar
Mercedes-Benz Sales Decline By 1% In The Previous Year
The biggest luxury carmaker Mercedes-Benz delivered 2. 5 million cars in 2022, which is 1% down compared to the previous year, said the company on Tuesday. It also mentioned that it could be the impact of COVID-19 measures and bottlenecks. The company said that entry-level vehicles, the lowest price segment of the brand, saw a…
Union Budget 2023-24: Everything Explained In Details
Finance Minister Nirmala Sitharaman is all set to launch Budget 2023-24 on February 1. There are lots of expectations from the Budget 2023, as always. Now it is to see what the government will bring for the citizens and industries. According to the experts, the government’s plan may see a rise in customs duty and…
Brazilian Protest Continues: What Is The Reason Behind?
Brazilians have been protesting for a couple of weeks in support of former President Jair Bolsonaro, who lost the election with a very thin lead from Luiz Inacio Lula da Silva. Thousands of people blocked roads, bypassed security barricades, climbed on roofs, smashed windows and invaded government buildings, which were believed to be largely vacant…
Vipin Kumar
Meta Fined $414 Million To Ireland For Privacy Breach
European Union regulators on Wednesday imposed a fine on Meta of $414 million (390 million euros) for privacy violations and also banned the company from forcing users in the 27-nation bloc to agree to personalised ads. The Data Protection Commission of Ireland hit two fines on Facebook parent Meta that could shake up Meta’s business…
Apple’s Market Value Fall Below $2 Trillion In A Year
Apple’s market value dropped by $1 trillion and fell under $2 trillion during the first trading session in 2023 for the first time since 2021 in one year. It happened just after the day the company became the first Public Tech Company valued at $3 trillion. Share of Apple ended on Tuesday somewhere around 4%…
Himanshu
Suhail Sameer To Step Down As BharatPe CEO
After Vijay Aggarwal, Rajat Jain, and Nehul Malhotra, now Suhail Sammer is reportedly stepping down. These three senior executives left the company last year to pursue their entrepreneurial interests. Suhail Sameer joined BharatPe in 2020 as President. When Grover’s focus shifted to the bank, all the top leaders were asked to report to Sameer. At…
