Business Featured Latest News

RBI Governor: India’s Economic Growth to Continue at a Rapid Pace in 2023

Ut World June 14, 2023 0

According to Reserve Bank of India (RBI) Governor Shaktikanta Das, India’s economic growth in recent years has been primarily driven by strong domestic demand, particularly in terms of private consumption and investment. He expressed confidence that India will continue to be one of the Continue Reading

Business Featured

‘Sell in May and Go Away’? No Way for Gold

Ut World June 13, 2023 0

Article By  V P Nandakumar MD and CEO, Manappuram Finance Ltd   The adage may once again prove axiomatic for other financial assets but not for gold The popular maxim, ‘Sell in May and go away’ is turning out to be true for most assets including stocks, bonds and even for several currencies. The maxim […]Continue Reading

Business Featured Latest News

RBI Permits Banks To Issue RuPay Prepaid Forex Cards

Ut World June 12, 2023 0

The Reserve Bank of India (RBI) has decided to broaden payment choices for Indian travelers abroad by permitting Indian banks to issue RuPay Prepaid Forex cards. These cards can be used at overseas ATMs, point of sale (PoS) machines, and online merchants. Additionally, the RBI will enable the issuance of RuPay Debit, Credit, and Prepaid […]Continue Reading

Business Featured Unique Times Malayalam

Gold & Net Zero Goal

Ut World May 30, 2023 0

Holding gold in a diversified portfolio can help reduce carbon footprint without sacrificing returns, writes V.P. Nandakumar, MD & CEO of Manappuram Finance Ltd   Gold is slowly but steadily assuming a more important role in the myriad world of investment as the recent volatility in the financial markets across the globe has rendered many […]Continue Reading

Business Featured Latest News

World Economic Forum Chief’s Huge Prediction For India On Investment, Jobs

Ut World May 26, 2023 0

India is expected to experience the highest economic growth among major economies this year, according to Borge Brende, the President of the World Economic Forum (WEF). He stated that India’s economy is witnessing a “famous snowball effect,” leading to increased investments and job opportunities. Brende expressed optimism about India’s growth Continue Reading

Business Featured Latest News

India’s 5G Network Crosses 2 Lakh Sites With Latest For Char Dham Devotees

Ut World May 25, 2023 0

India achieved a significant milestone in its 5G network deployment with the inauguration of the latest 5G site in Gangotri. The event was attended by Union Minister for Communications and IT Ashwini Vaishnaw and Uttarakhand Chief Minister Pushkar Singh Dhami. The number of 5G sites in India has now exceeded 200,000. Mr. Vaishnaw expressed his […]Continue Reading

Business Featured Latest news

TCS receives $1.83 billion BSNL contract for 4G services

Ut World May 23, 2023 0

State-run Bharat Sanchar Nigam Ltd (BSNL) has given a consortium led by India’s Tata Consultancy Services (TCS) an order for more than 150 billion rupees ($1.83 billion) to build a nationwide 4G network. The firm announced this on Monday. The decision comes as Indian IT service providers struggle with a lack of demand. The biggest […]Continue Reading

Business Featured Latest News

₹ 2,000 Note Withdrawal To Improve Liquidity, Ease Short-Term Rates: Experts

Ut World May 22, 2023 0

The Reserve Bank of India (RBI) has decided to withdraw its highest denomination currency note from circulation, which is expected to have positive effects on the banking system. Analysts and bankers believe that this move will improve liquidity and reduce short-term interest rates. The RBI will begin withdrawing 2,000-rupee notes from circulation, but they will […]Continue Reading

Business Featured Latest News

Swiggy’s Food Delivery Business Turns Profitable: CEO Sriharsha Majety

Ut World May 20, 2023 0

According to a blog post by Sriharsha Majety, the CEO and Co-founder of Swiggy, the on-demand convenience platform’s food delivery business has become profitable. Mr. Majety stated that Swiggy’s food delivery business turned profitable as of March 2023, considering all corporate costs but excluding employee stock option costs. He emphasized that this Continue Reading

Business Featured Latest news

PVR INOX To Shut 50 Loss-Making Cinemas Over Next 6 Months

Ut World May 16, 2023 0

PVR INOX Ltd, a multiplex operator formed by the merger of India’s top two companies, has announced a quarterly loss of 3.33 billion rupees ($40.72 million). The loss was primarily due to one-time impairment charges and expenses associated with the planned closure of certain cinemas. As a result, the company incurred an accelerated depreciation charge […]Continue Reading