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IndiaTV Business: Google News Feed: Digest for January 09, 2023

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Significant investment in real estate and acquiring possessions is thought to be the best investment option due to the assured, dependable, and unquestionable earnings and better yields. It provides long-term safeguards and the stand to gain of consistent cash inflows via rental properties since it is a tangible asset. The value of property invariably goes up over time, and rental rates rise as well, actually creating more income stream. The longer you retain one's estate, the more revenue you'll earn when it comes time to sell it. and with a solid investment, you could indeed earn a great deal of money.
In Indian middle class and lower income households, the go-to option for money is savings. Any and every extra penny goes into savings. This method has been around for decades, but there is a flaw in it and that it - stagnancy. 

Can rent rates really cover 100% of my EMIs? Explained

Thursday 05 January 2023 07:02 AM UTC+00
The era of remarkably low interest rates on homeland commercial loans has gone, with the Reserve Bank of India raising the repo rate 5 times since May in the year and, totaling 2.25%. It's possible that this isn't the end of the rate hike loop, as there may be a few more escalations in the years ahead. Increasing interest rates are having the greatest impact on home applicants, since these are the lending with the lengthiest terms and therefore are probably the largest loan a person will carry all through his entire life.
Nadella-PM Modi meeting: Microsoft Chairman and Chief Executive Officer (CEO) Satya Nadella, on Thursday, met Prime Minister Narendra Modi and said it was inspiring to see India's emphasis on digital transformation-led sustainable and inclusive economic growth. He also hailed PM Modi for an insightful meeting. 
Delhi power demand: The prevailing cold conditions pushed Delhi's peak power demand to a record high of 5,247 MW on Thursday (January 6), more than the peaks during winters in the past two years, said officials.
During a road show in Mumbai on Thursday, Uttar Pradesh Chief Minister Yogi Adityanath invited entrepreneurs and industrialists to visit his state during the 'UP Global Investors Summit'. 
Goldman Sachs, in a report pitting Gold against Bitcoin, stated that Gold is less likely to be affected by tighter financial conditions, which makes it a "useful portfolio diversifier".

Fixed deposit rates of banks touch 8 per cent after 3 years

Saturday 07 January 2023 05:53 AM UTC+00
For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. Many are hence rushing to their banks to review existing FDs.
India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22.
Jack Ma will no longer control the Chinese fintech giant, 'Ant Group.' This comes in the backdrop of the firm's shareholders agreeing to implement a series of adjustments that will see him give up most of his voting rights. The move is the next big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020.
Significant investment in real estate and acquiring possessions is thought to be the best investment option due to the assured, dependable, and unquestionable earnings and better yields. It provides long-term safeguards and the stand to gain of consistent cash inflows via rental properties since it is a tangible asset. The value of property invariably goes up over time, and rental rates rise as well, actually creating more income stream. The longer you retain one's estate, the more revenue you'll earn when it comes time to sell it. and with a solid investment, you could indeed earn a great deal of money.
In Indian middle class and lower income households, the go-to option for money is savings. Any and every extra penny goes into savings. This method has been around for decades, but there is a flaw in it and that it - stagnancy. 

Can rent rates really cover 100% of my EMIs? Explained

Thursday 05 January 2023 07:02 AM UTC+00
The era of remarkably low interest rates on homeland commercial loans has gone, with the Reserve Bank of India raising the repo rate 5 times since May in the year and, totaling 2.25%. It's possible that this isn't the end of the rate hike loop, as there may be a few more escalations in the years ahead. Increasing interest rates are having the greatest impact on home applicants, since these are the lending with the lengthiest terms and therefore are probably the largest loan a person will carry all through his entire life.
Nadella-PM Modi meeting: Microsoft Chairman and Chief Executive Officer (CEO) Satya Nadella, on Thursday, met Prime Minister Narendra Modi and said it was inspiring to see India's emphasis on digital transformation-led sustainable and inclusive economic growth. He also hailed PM Modi for an insightful meeting. 
Delhi power demand: The prevailing cold conditions pushed Delhi's peak power demand to a record high of 5,247 MW on Thursday (January 6), more than the peaks during winters in the past two years, said officials.
During a road show in Mumbai on Thursday, Uttar Pradesh Chief Minister Yogi Adityanath invited entrepreneurs and industrialists to visit his state during the 'UP Global Investors Summit'. 
Goldman Sachs, in a report pitting Gold against Bitcoin, stated that Gold is less likely to be affected by tighter financial conditions, which makes it a "useful portfolio diversifier".

Fixed deposit rates of banks touch 8 per cent after 3 years

Saturday 07 January 2023 05:53 AM UTC+00
For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. Many are hence rushing to their banks to review existing FDs.
India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22.
Jack Ma will no longer control the Chinese fintech giant, 'Ant Group.' This comes in the backdrop of the firm's shareholders agreeing to implement a series of adjustments that will see him give up most of his voting rights. The move is the next big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020.
In Indian middle class and lower income households, the go-to option for money is savings. Any and every extra penny goes into savings. This method has been around for decades, but there is a flaw in it and that it - stagnancy. 

Can rent rates really cover 100% of my EMIs? Explained

Thursday 05 January 2023 07:02 AM UTC+00
The era of remarkably low interest rates on homeland commercial loans has gone, with the Reserve Bank of India raising the repo rate 5 times since May in the year and, totaling 2.25%. It's possible that this isn't the end of the rate hike loop, as there may be a few more escalations in the years ahead. Increasing interest rates are having the greatest impact on home applicants, since these are the lending with the lengthiest terms and therefore are probably the largest loan a person will carry all through his entire life.
Nadella-PM Modi meeting: Microsoft Chairman and Chief Executive Officer (CEO) Satya Nadella, on Thursday, met Prime Minister Narendra Modi and said it was inspiring to see India's emphasis on digital transformation-led sustainable and inclusive economic growth. He also hailed PM Modi for an insightful meeting. 
Delhi power demand: The prevailing cold conditions pushed Delhi's peak power demand to a record high of 5,247 MW on Thursday (January 6), more than the peaks during winters in the past two years, said officials.
During a road show in Mumbai on Thursday, Uttar Pradesh Chief Minister Yogi Adityanath invited entrepreneurs and industrialists to visit his state during the 'UP Global Investors Summit'. 
Goldman Sachs, in a report pitting Gold against Bitcoin, stated that Gold is less likely to be affected by tighter financial conditions, which makes it a "useful portfolio diversifier".

Fixed deposit rates of banks touch 8 per cent after 3 years

Saturday 07 January 2023 05:53 AM UTC+00
For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. Many are hence rushing to their banks to review existing FDs.
India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22.
Jack Ma will no longer control the Chinese fintech giant, 'Ant Group.' This comes in the backdrop of the firm's shareholders agreeing to implement a series of adjustments that will see him give up most of his voting rights. The move is the next big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020.
Auto Expo 2023: India's flagship motor show Auto Expo returns this week after three years having been hit by the pandemic, albeit some of the major manufacturers staying away from the event. The likes of Maruti Suzuki, Hyundai, Tata Motors, Kia India, Toyota Kirloskar and MG Motor India will lead the traditional automakers at the show at Greater Noida that will witness five global launches and 75 product launches and unveils.

Can rent rates really cover 100% of my EMIs? Explained

Thursday 05 January 2023 07:02 AM UTC+00
The era of remarkably low interest rates on homeland commercial loans has gone, with the Reserve Bank of India raising the repo rate 5 times since May in the year and, totaling 2.25%. It's possible that this isn't the end of the rate hike loop, as there may be a few more escalations in the years ahead. Increasing interest rates are having the greatest impact on home applicants, since these are the lending with the lengthiest terms and therefore are probably the largest loan a person will carry all through his entire life.
Nadella-PM Modi meeting: Microsoft Chairman and Chief Executive Officer (CEO) Satya Nadella, on Thursday, met Prime Minister Narendra Modi and said it was inspiring to see India's emphasis on digital transformation-led sustainable and inclusive economic growth. He also hailed PM Modi for an insightful meeting. 
Delhi power demand: The prevailing cold conditions pushed Delhi's peak power demand to a record high of 5,247 MW on Thursday (January 6), more than the peaks during winters in the past two years, said officials.
During a road show in Mumbai on Thursday, Uttar Pradesh Chief Minister Yogi Adityanath invited entrepreneurs and industrialists to visit his state during the 'UP Global Investors Summit'. 
Goldman Sachs, in a report pitting Gold against Bitcoin, stated that Gold is less likely to be affected by tighter financial conditions, which makes it a "useful portfolio diversifier".

Fixed deposit rates of banks touch 8 per cent after 3 years

Saturday 07 January 2023 05:53 AM UTC+00
For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. Many are hence rushing to their banks to review existing FDs.
India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22.
Jack Ma will no longer control the Chinese fintech giant, 'Ant Group.' This comes in the backdrop of the firm's shareholders agreeing to implement a series of adjustments that will see him give up most of his voting rights. The move is the next big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020.
Auto Expo 2023: India's flagship motor show Auto Expo returns this week after three years having been hit by the pandemic, albeit some of the major manufacturers staying away from the event. The likes of Maruti Suzuki, Hyundai, Tata Motors, Kia India, Toyota Kirloskar and MG Motor India will lead the traditional automakers at the show at Greater Noida that will witness five global launches and 75 product launches and unveils.
The ambitious 130-km long Indo-Bangla Friendship Pipeline (IBFPL), constructed at a cost of Rs 377.08 crore, is likely to be commissioned by next month, PTI official sources said on Sunday. The international oil pipeline, IBFPL, will carry fuel from Assam-based Numaligarh Refinery Ltd's (NRL) marketing terminal at Siliguri in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC).

Can rent rates really cover 100% of my EMIs? Explained

Thursday 05 January 2023 07:02 AM UTC+00
The era of remarkably low interest rates on homeland commercial loans has gone, with the Reserve Bank of India raising the repo rate 5 times since May in the year and, totaling 2.25%. It's possible that this isn't the end of the rate hike loop, as there may be a few more escalations in the years ahead. Increasing interest rates are having the greatest impact on home applicants, since these are the lending with the lengthiest terms and therefore are probably the largest loan a person will carry all through his entire life.
Nadella-PM Modi meeting: Microsoft Chairman and Chief Executive Officer (CEO) Satya Nadella, on Thursday, met Prime Minister Narendra Modi and said it was inspiring to see India's emphasis on digital transformation-led sustainable and inclusive economic growth. He also hailed PM Modi for an insightful meeting. 
Delhi power demand: The prevailing cold conditions pushed Delhi's peak power demand to a record high of 5,247 MW on Thursday (January 6), more than the peaks during winters in the past two years, said officials.
During a road show in Mumbai on Thursday, Uttar Pradesh Chief Minister Yogi Adityanath invited entrepreneurs and industrialists to visit his state during the 'UP Global Investors Summit'. 
Goldman Sachs, in a report pitting Gold against Bitcoin, stated that Gold is less likely to be affected by tighter financial conditions, which makes it a "useful portfolio diversifier".

Fixed deposit rates of banks touch 8 per cent after 3 years

Saturday 07 January 2023 05:53 AM UTC+00
For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. Many are hence rushing to their banks to review existing FDs.
India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22.
Jack Ma will no longer control the Chinese fintech giant, 'Ant Group.' This comes in the backdrop of the firm's shareholders agreeing to implement a series of adjustments that will see him give up most of his voting rights. The move is the next big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020.
Auto Expo 2023: India's flagship motor show Auto Expo returns this week after three years having been hit by the pandemic, albeit some of the major manufacturers staying away from the event. The likes of Maruti Suzuki, Hyundai, Tata Motors, Kia India, Toyota Kirloskar and MG Motor India will lead the traditional automakers at the show at Greater Noida that will witness five global launches and 75 product launches and unveils.
The ambitious 130-km long Indo-Bangla Friendship Pipeline (IBFPL), constructed at a cost of Rs 377.08 crore, is likely to be commissioned by next month, PTI official sources said on Sunday. The international oil pipeline, IBFPL, will carry fuel from Assam-based Numaligarh Refinery Ltd's (NRL) marketing terminal at Siliguri in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC).

Can rent rates really cover 100% of my EMIs? Explained

Thursday 05 January 2023 07:02 AM UTC+00
The era of remarkably low interest rates on homeland commercial loans has gone, with the Reserve Bank of India raising the repo rate 5 times since May in the year and, totaling 2.25%. It's possible that this isn't the end of the rate hike loop, as there may be a few more escalations in the years ahead. Increasing interest rates are having the greatest impact on home applicants, since these are the lending with the lengthiest terms and therefore are probably the largest loan a person will carry all through his entire life.
Nadella-PM Modi meeting: Microsoft Chairman and Chief Executive Officer (CEO) Satya Nadella, on Thursday, met Prime Minister Narendra Modi and said it was inspiring to see India's emphasis on digital transformation-led sustainable and inclusive economic growth. He also hailed PM Modi for an insightful meeting. 
Delhi power demand: The prevailing cold conditions pushed Delhi's peak power demand to a record high of 5,247 MW on Thursday (January 6), more than the peaks during winters in the past two years, said officials.
During a road show in Mumbai on Thursday, Uttar Pradesh Chief Minister Yogi Adityanath invited entrepreneurs and industrialists to visit his state during the 'UP Global Investors Summit'. 
Goldman Sachs, in a report pitting Gold against Bitcoin, stated that Gold is less likely to be affected by tighter financial conditions, which makes it a "useful portfolio diversifier".

Fixed deposit rates of banks touch 8 per cent after 3 years

Saturday 07 January 2023 05:53 AM UTC+00
For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. Many are hence rushing to their banks to review existing FDs.
India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22.
Jack Ma will no longer control the Chinese fintech giant, 'Ant Group.' This comes in the backdrop of the firm's shareholders agreeing to implement a series of adjustments that will see him give up most of his voting rights. The move is the next big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020.
Auto Expo 2023: India's flagship motor show Auto Expo returns this week after three years having been hit by the pandemic, albeit some of the major manufacturers staying away from the event. The likes of Maruti Suzuki, Hyundai, Tata Motors, Kia India, Toyota Kirloskar and MG Motor India will lead the traditional automakers at the show at Greater Noida that will witness five global launches and 75 product launches and unveils.
The ambitious 130-km long Indo-Bangla Friendship Pipeline (IBFPL), constructed at a cost of Rs 377.08 crore, is likely to be commissioned by next month, PTI official sources said on Sunday. The international oil pipeline, IBFPL, will carry fuel from Assam-based Numaligarh Refinery Ltd's (NRL) marketing terminal at Siliguri in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC).

Can rent rates really cover 100% of my EMIs? Explained

Thursday 05 January 2023 07:02 AM UTC+00
The era of remarkably low interest rates on homeland commercial loans has gone, with the Reserve Bank of India raising the repo rate 5 times since May in the year and, totaling 2.25%. It's possible that this isn't the end of the rate hike loop, as there may be a few more escalations in the years ahead. Increasing interest rates are having the greatest impact on home applicants, since these are the lending with the lengthiest terms and therefore are probably the largest loan a person will carry all through his entire life.
Nadella-PM Modi meeting: Microsoft Chairman and Chief Executive Officer (CEO) Satya Nadella, on Thursday, met Prime Minister Narendra Modi and said it was inspiring to see India's emphasis on digital transformation-led sustainable and inclusive economic growth. He also hailed PM Modi for an insightful meeting. 
Delhi power demand: The prevailing cold conditions pushed Delhi's peak power demand to a record high of 5,247 MW on Thursday (January 6), more than the peaks during winters in the past two years, said officials.
During a road show in Mumbai on Thursday, Uttar Pradesh Chief Minister Yogi Adityanath invited entrepreneurs and industrialists to visit his state during the 'UP Global Investors Summit'. 
Goldman Sachs, in a report pitting Gold against Bitcoin, stated that Gold is less likely to be affected by tighter financial conditions, which makes it a "useful portfolio diversifier".

Fixed deposit rates of banks touch 8 per cent after 3 years

Saturday 07 January 2023 05:53 AM UTC+00
For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. Many are hence rushing to their banks to review existing FDs.
India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22.
Jack Ma will no longer control the Chinese fintech giant, 'Ant Group.' This comes in the backdrop of the firm's shareholders agreeing to implement a series of adjustments that will see him give up most of his voting rights. The move is the next big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020.
Auto Expo 2023: India's flagship motor show Auto Expo returns this week after three years having been hit by the pandemic, albeit some of the major manufacturers staying away from the event. The likes of Maruti Suzuki, Hyundai, Tata Motors, Kia India, Toyota Kirloskar and MG Motor India will lead the traditional automakers at the show at Greater Noida that will witness five global launches and 75 product launches and unveils.
The ambitious 130-km long Indo-Bangla Friendship Pipeline (IBFPL), constructed at a cost of Rs 377.08 crore, is likely to be commissioned by next month, PTI official sources said on Sunday. The international oil pipeline, IBFPL, will carry fuel from Assam-based Numaligarh Refinery Ltd's (NRL) marketing terminal at Siliguri in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC).

Can rent rates really cover 100% of my EMIs? Explained

Thursday 05 January 2023 07:02 AM UTC+00
The era of remarkably low interest rates on homeland commercial loans has gone, with the Reserve Bank of India raising the repo rate 5 times since May in the year and, totaling 2.25%. It's possible that this isn't the end of the rate hike loop, as there may be a few more escalations in the years ahead. Increasing interest rates are having the greatest impact on home applicants, since these are the lending with the lengthiest terms and therefore are probably the largest loan a person will carry all through his entire life.
Nadella-PM Modi meeting: Microsoft Chairman and Chief Executive Officer (CEO) Satya Nadella, on Thursday, met Prime Minister Narendra Modi and said it was inspiring to see India's emphasis on digital transformation-led sustainable and inclusive economic growth. He also hailed PM Modi for an insightful meeting. 
Delhi power demand: The prevailing cold conditions pushed Delhi's peak power demand to a record high of 5,247 MW on Thursday (January 6), more than the peaks during winters in the past two years, said officials.
During a road show in Mumbai on Thursday, Uttar Pradesh Chief Minister Yogi Adityanath invited entrepreneurs and industrialists to visit his state during the 'UP Global Investors Summit'. 
Goldman Sachs, in a report pitting Gold against Bitcoin, stated that Gold is less likely to be affected by tighter financial conditions, which makes it a "useful portfolio diversifier".

Fixed deposit rates of banks touch 8 per cent after 3 years

Saturday 07 January 2023 05:53 AM UTC+00
For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. Many are hence rushing to their banks to review existing FDs.
India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22.
Jack Ma will no longer control the Chinese fintech giant, 'Ant Group.' This comes in the backdrop of the firm's shareholders agreeing to implement a series of adjustments that will see him give up most of his voting rights. The move is the next big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020.
Auto Expo 2023: India's flagship motor show Auto Expo returns this week after three years having been hit by the pandemic, albeit some of the major manufacturers staying away from the event. The likes of Maruti Suzuki, Hyundai, Tata Motors, Kia India, Toyota Kirloskar and MG Motor India will lead the traditional automakers at the show at Greater Noida that will witness five global launches and 75 product launches and unveils.
The ambitious 130-km long Indo-Bangla Friendship Pipeline (IBFPL), constructed at a cost of Rs 377.08 crore, is likely to be commissioned by next month, PTI official sources said on Sunday. The international oil pipeline, IBFPL, will carry fuel from Assam-based Numaligarh Refinery Ltd's (NRL) marketing terminal at Siliguri in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC).

Can rent rates really cover 100% of my EMIs? Explained

Thursday 05 January 2023 07:02 AM UTC+00
The era of remarkably low interest rates on homeland commercial loans has gone, with the Reserve Bank of India raising the repo rate 5 times since May in the year and, totaling 2.25%. It's possible that this isn't the end of the rate hike loop, as there may be a few more escalations in the years ahead. Increasing interest rates are having the greatest impact on home applicants, since these are the lending with the lengthiest terms and therefore are probably the largest loan a person will carry all through his entire life.
Nadella-PM Modi meeting: Microsoft Chairman and Chief Executive Officer (CEO) Satya Nadella, on Thursday, met Prime Minister Narendra Modi and said it was inspiring to see India's emphasis on digital transformation-led sustainable and inclusive economic growth. He also hailed PM Modi for an insightful meeting. 
Delhi power demand: The prevailing cold conditions pushed Delhi's peak power demand to a record high of 5,247 MW on Thursday (January 6), more than the peaks during winters in the past two years, said officials.
During a road show in Mumbai on Thursday, Uttar Pradesh Chief Minister Yogi Adityanath invited entrepreneurs and industrialists to visit his state during the 'UP Global Investors Summit'. 
Goldman Sachs, in a report pitting Gold against Bitcoin, stated that Gold is less likely to be affected by tighter financial conditions, which makes it a "useful portfolio diversifier".

Fixed deposit rates of banks touch 8 per cent after 3 years

Saturday 07 January 2023 05:53 AM UTC+00
For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. Many are hence rushing to their banks to review existing FDs.
India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22.
Jack Ma will no longer control the Chinese fintech giant, 'Ant Group.' This comes in the backdrop of the firm's shareholders agreeing to implement a series of adjustments that will see him give up most of his voting rights. The move is the next big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020.
Auto Expo 2023: India's flagship motor show Auto Expo returns this week after three years having been hit by the pandemic, albeit some of the major manufacturers staying away from the event. The likes of Maruti Suzuki, Hyundai, Tata Motors, Kia India, Toyota Kirloskar and MG Motor India will lead the traditional automakers at the show at Greater Noida that will witness five global launches and 75 product launches and unveils.
The ambitious 130-km long Indo-Bangla Friendship Pipeline (IBFPL), constructed at a cost of Rs 377.08 crore, is likely to be commissioned by next month, PTI official sources said on Sunday. The international oil pipeline, IBFPL, will carry fuel from Assam-based Numaligarh Refinery Ltd's (NRL) marketing terminal at Siliguri in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC).

Can rent rates really cover 100% of my EMIs? Explained

Thursday 05 January 2023 07:02 AM UTC+00
The era of remarkably low interest rates on homeland commercial loans has gone, with the Reserve Bank of India raising the repo rate 5 times since May in the year and, totaling 2.25%. It's possible that this isn't the end of the rate hike loop, as there may be a few more escalations in the years ahead. Increasing interest rates are having the greatest impact on home applicants, since these are the lending with the lengthiest terms and therefore are probably the largest loan a person will carry all through his entire life.
Nadella-PM Modi meeting: Microsoft Chairman and Chief Executive Officer (CEO) Satya Nadella, on Thursday, met Prime Minister Narendra Modi and said it was inspiring to see India's emphasis on digital transformation-led sustainable and inclusive economic growth. He also hailed PM Modi for an insightful meeting. 
Delhi power demand: The prevailing cold conditions pushed Delhi's peak power demand to a record high of 5,247 MW on Thursday (January 6), more than the peaks during winters in the past two years, said officials.
During a road show in Mumbai on Thursday, Uttar Pradesh Chief Minister Yogi Adityanath invited entrepreneurs and industrialists to visit his state during the 'UP Global Investors Summit'. 
Goldman Sachs, in a report pitting Gold against Bitcoin, stated that Gold is less likely to be affected by tighter financial conditions, which makes it a "useful portfolio diversifier".

Fixed deposit rates of banks touch 8 per cent after 3 years

Saturday 07 January 2023 05:53 AM UTC+00
For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. Many are hence rushing to their banks to review existing FDs.
India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22.
Jack Ma will no longer control the Chinese fintech giant, 'Ant Group.' This comes in the backdrop of the firm's shareholders agreeing to implement a series of adjustments that will see him give up most of his voting rights. The move is the next big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020.
Auto Expo 2023: India's flagship motor show Auto Expo returns this week after three years having been hit by the pandemic, albeit some of the major manufacturers staying away from the event. The likes of Maruti Suzuki, Hyundai, Tata Motors, Kia India, Toyota Kirloskar and MG Motor India will lead the traditional automakers at the show at Greater Noida that will witness five global launches and 75 product launches and unveils.
The ambitious 130-km long Indo-Bangla Friendship Pipeline (IBFPL), constructed at a cost of Rs 377.08 crore, is likely to be commissioned by next month, PTI official sources said on Sunday. The international oil pipeline, IBFPL, will carry fuel from Assam-based Numaligarh Refinery Ltd's (NRL) marketing terminal at Siliguri in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC).
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