News Roundup: 11/2/22



▫️ Finance minister assured that government will allocate more funds to rural employment scheme, if the demand for the scheme warrants.

▫️RBI kept key rates unchanged and is confident of successfully placing large government borrowing plan in FY23.

▫️RBI forecasted inflation at 4.5% and GDP Growth at 7.8% in FY23. The Central Bank also warned against investment in crypto currency.

▫️ Supreme court asked KAL to consider Rs 600 crore offer by Spicejet as full and final for all its dues.

▫️ Government has eased Covid rules for international travellers.

▫️ Government is working on proposal to relax rules to facilitate large scale exports of gems and jewellery.

▫️US is considering new China tarrif probe.

▫️ Government is using more than 5,000 EVs in its agencies.

▫️Airtel launched new video streaming service “Airtel Xstream Premium” at introductory price of Rs 149/month.

▫️TCS’s AI platform is now available on Google Cloud.

▫️ Torrent power to acquire 25MW solar plant.

▫️Hindalco is considering expansion of its aluminium producing capacity as global shortage and strong demand pushed prices to record high.

▫️Ola is eyeing acquisition of a NBFC to expand its financial services footprint.

▫️RIL to acquire stake in EV tech firm.

▫️US inflation touched 7.5% in January, highest in 40 years.

▫️Iphone assembler has claimed that semiconductor and parts shortage problem has started to ease.

▫️ Liquidity window for emergency health services has been extended till June.

▫️RBI to soon come out with digital lending guidelines.

▫️Share of retail investors in listed equity companies reached record high of 7.32% in December.

▫️Bank credit grew strong 8.21% and deposits 8.31% in fortnight ended on January 28.

▫️ Satellites launched by Elon Musk backed Space X fell out of orbit due to solar storm.

▫️Bond market cheered the RBI’s no rate hike decision as price of 10-year government securities increased by 50 paise to Rs 95.33.

▫️M&M may split of its farm equipment segment to taper more growth opportunities.

▫️Sharechat to acquire MX Taka Tak in a $700 million deal.

▫️ Government has planned capex of Rs 91,000 crore for airport infrastructure.

▫️Share of natural gas in energy mix rose to 6.7% in 2021 from 6.3% in 2020.

▫️ Government to ban drone imports to boost local manufacturing.

▫️ Persistent Systems to buy Data Globe for $90.5 million.

▫️ India’s smart watch industry witnessed highest ever growth in 2021.

▫️ Petronet LNG, operator of world’s largest natural gas import terminal to invest Rs 40,000 crore in capacity expansion.

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