News Bulletin: 28/7/22

▫️The US Federal Reserve increased its base rate 75 bps, in an attempt to fight inflation.

▫️ DGCA imposed ban on 50% scheduled flights of Spicejet for 8 weeks.

▫️BSNL gets new support package of Rs 1.64 trillion from Centre.

▫️ Both Maruti Suzuki and Tata Motors Q1 results missed analysts expectations.

▫️Bharat Forge to make high speed trains with Talgo Joint Venture.

▫️Google launched street view in India on Google Maps.

▫️Mandi wheat prices hits record high i.e. 14% above minimum support price as traders stock the grain.

▫️BPCL gets government approval to invest $1.6 billion in Brazil oil block.

▫️MapmyIndia to invest in geospatial mapping.

▫️Tata Steel signed MoU for drone based mining solution.

▫️Zomato gets investors approval for Blinkit deal.

▫️Russia reduced gas supply from its Nord pipeline to Europe.

▫️Chinese President Xi, first time admitted that China is facing complex challenges on both domestic and international front.

▫️Joe Biden and Xi to speak today as China US relation worsens.

▫️South Korea reported more than 100,000 daily Covid cases.

▫️ Both Microsoft and Google reported weak results for Apr-Jun qaurter.

▫️Strong order book of L&T, reflects government’s sharp focus on infrastructure development.

▫️TCS signed multi-million dollar deal with British retailer Marks & Spencer to transform their human resource operations.

▫️Titagarh Wagons plans to invest Rs 1,000 crore in 5 years.

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