News Bulletin: 4/8/22

▫️ Spicejet is in talks with Middle East airline company and an Indian conglomerate for potential stake sale and fund raising.

▫️ Service sector dipped to 4 month low in July possibly due to dented demand and high costs.

▫️Uber exited Zomato via Rs 3,087 crore block deal.

▫️ Government withdrew personal data protection bill.

▫️Airtel partnered with Samsung, Ericsson and Nokia for 5G deployment.

▫️OPEC+ countries agreed for small increase in crude oil output from September onwards.

▫️ India’s trade deficit could narrow from August onwards supported by falling crude oil prices and sharp recovery in Ruppee.

▫️CII suggested government to cut personal income tax rates.

▫️ Government approved 5% hike in sugarcane prices to be paid to farmers.

▫️ Following this, sugar mills urged government to increase MSP of sugar from Rs 31 per kg to Rs 36-37 per kg.

▫️ Acuity Knowledge Partner to open its third center in Pune and hire 800 people.

▫️ISS India to increase hiring by 25-30%.

▫️ Ramco Cements plans to boost growth in the US defence segment.

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