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IndiaTV Business: Google News Feed: Digest for April 08, 2023

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India is squeezing its way into the highly lucrative space market, capitalising on China and Russia's geopolitical isolation to position itself as a reliable alternative to SpaceX.

Joint life insurance: Why should couples consider it?

Wednesday 05 April 2023 10:11 AM UTC+00
Couples often prioritise securing their future together by starting a family, purchasing a home, and planning for retirement. However, one crucial aspect that is sometimes overlooked is insurance. Insurance may seem like an added expense, but it can provide peace of mind and financial security in times  of unexpected events such as illness, accidents, or death. Here is why insurance is a must for couples and how it can protect their assets, income, and loved ones.
Reliance Industries Ltd. and its telecom subsidiary Jio Infocomm have recently secured a total of $5 billion in foreign currency loans, marking the largest syndicated loan in India's corporate history.
A lawsuit was filed against Twitter on Tuesday, alleging that the social media giant illegally terminated contract workers without prior notice following its acquisition by Elon Musk last year. This legal action is the latest consequence of the company's substantial job layoffs.

US based think tank warns against CBDCs usage | KNOW WHY

Thursday 06 April 2023 04:22 AM UTC+00
US-based libertarian think tank, Cato Institute, has released a report warning that a central bank digital currency (CBDC) in the United States would pose a threat to privacy and freedoms. The report suggests that a government-issued CBDC, backed by the Federal Reserve, would be detrimental to the free market and could be used to track and control individuals' financial transactions, thereby restricting their privacy. 
RBI's new repo rate: The Reserve Bank of India has kept the repo rate unchanged at 6.5% with readiness to act should the situation so warrant, announces RBI Governor Shaktikanta Das. He also informed that overall inflation is above the target and the current policy rate still remains accommodative. Real GDP growth for 2023-24 is projected at 6.5%, he added.
Axita Cotton, NSE: AXITA, shares extended their gains for the third straight session on Thursday after the cotton ginning company informed exchanges about bagging a major order from Bangladesh.
The Reserve Bank of India (RBI) has announced that a new central web portal will be set up to look for unclaimed deposits that are more than ten years old. Currently, bank customers need to visit the websites of various institutions to retrieve their deposits. However, this new web platform will enable bank customers to locate their unclaimed deposits in one convenient location.  
Dunzo layoff: Dunzo, a well-known platform for grocery delivery services, recently announced that it will reduce its workforce by 30%, which would result in the loss of almost 300 jobs. The company took this decision while it has raised a total of $75 million from investors, including Google and Reliance Industries.
The Union Cabinet on Thursday gave nod to new gas pricing formula and imposed a cap to keep rates of CNG, piped cooking gas under check, Union Minister Anurag Thakur informed.
Reliance Industries Ltd. and its telecom subsidiary Jio Infocomm have recently secured a total of $5 billion in foreign currency loans, marking the largest syndicated loan in India's corporate history.
A lawsuit was filed against Twitter on Tuesday, alleging that the social media giant illegally terminated contract workers without prior notice following its acquisition by Elon Musk last year. This legal action is the latest consequence of the company's substantial job layoffs.

US based think tank warns against CBDCs usage | KNOW WHY

Thursday 06 April 2023 04:22 AM UTC+00
US-based libertarian think tank, Cato Institute, has released a report warning that a central bank digital currency (CBDC) in the United States would pose a threat to privacy and freedoms. The report suggests that a government-issued CBDC, backed by the Federal Reserve, would be detrimental to the free market and could be used to track and control individuals' financial transactions, thereby restricting their privacy. 
RBI's new repo rate: The Reserve Bank of India has kept the repo rate unchanged at 6.5% with readiness to act should the situation so warrant, announces RBI Governor Shaktikanta Das. He also informed that overall inflation is above the target and the current policy rate still remains accommodative. Real GDP growth for 2023-24 is projected at 6.5%, he added.
Axita Cotton, NSE: AXITA, shares extended their gains for the third straight session on Thursday after the cotton ginning company informed exchanges about bagging a major order from Bangladesh.
The Reserve Bank of India (RBI) has announced that a new central web portal will be set up to look for unclaimed deposits that are more than ten years old. Currently, bank customers need to visit the websites of various institutions to retrieve their deposits. However, this new web platform will enable bank customers to locate their unclaimed deposits in one convenient location.  
Dunzo layoff: Dunzo, a well-known platform for grocery delivery services, recently announced that it will reduce its workforce by 30%, which would result in the loss of almost 300 jobs. The company took this decision while it has raised a total of $75 million from investors, including Google and Reliance Industries.
The Union Cabinet on Thursday gave nod to new gas pricing formula and imposed a cap to keep rates of CNG, piped cooking gas under check, Union Minister Anurag Thakur informed.
Warning about an economic slowdown, the IMF chief said that the world economy is expected to grow at less than 3 percent this financial year while India and China expected to account for half of global growth in 2023. International Monetary Fund (IMF) managing director Kristalina Georgieva further warned of a similar economic situation this year just like last year wherein a sharp slowdown in the world economy took place following the raging pandemic and Russia's military invasion of Ukraine.
The US Treasury Department has issued a warning about the risks posed by decentralized cryptocurrency markets, known as DeFi, to national security. The Treasury released a 42-page report titled, 'Illicit Finance Risk Assessment of Decentralized Finance' on Thursday. The report highlights that these platforms enable cryptocurrency investors to transact with each other without a central intermediary overseeing transactions, making it difficult for regulators to monitor DeFi transactions. 
RBI's new repo rate: The Reserve Bank of India has kept the repo rate unchanged at 6.5% with readiness to act should the situation so warrant, announces RBI Governor Shaktikanta Das. He also informed that overall inflation is above the target and the current policy rate still remains accommodative. Real GDP growth for 2023-24 is projected at 6.5%, he added.
Axita Cotton, NSE: AXITA, shares extended their gains for the third straight session on Thursday after the cotton ginning company informed exchanges about bagging a major order from Bangladesh.
The Reserve Bank of India (RBI) has announced that a new central web portal will be set up to look for unclaimed deposits that are more than ten years old. Currently, bank customers need to visit the websites of various institutions to retrieve their deposits. However, this new web platform will enable bank customers to locate their unclaimed deposits in one convenient location.  
Dunzo layoff: Dunzo, a well-known platform for grocery delivery services, recently announced that it will reduce its workforce by 30%, which would result in the loss of almost 300 jobs. The company took this decision while it has raised a total of $75 million from investors, including Google and Reliance Industries.
The Union Cabinet on Thursday gave nod to new gas pricing formula and imposed a cap to keep rates of CNG, piped cooking gas under check, Union Minister Anurag Thakur informed.
Warning about an economic slowdown, the IMF chief said that the world economy is expected to grow at less than 3 percent this financial year while India and China expected to account for half of global growth in 2023. International Monetary Fund (IMF) managing director Kristalina Georgieva further warned of a similar economic situation this year just like last year wherein a sharp slowdown in the world economy took place following the raging pandemic and Russia's military invasion of Ukraine.
The US Treasury Department has issued a warning about the risks posed by decentralized cryptocurrency markets, known as DeFi, to national security. The Treasury released a 42-page report titled, 'Illicit Finance Risk Assessment of Decentralized Finance' on Thursday. The report highlights that these platforms enable cryptocurrency investors to transact with each other without a central intermediary overseeing transactions, making it difficult for regulators to monitor DeFi transactions. 

Gold prices witness a drop, 24 carat gold below Rs 61,000

Friday 07 April 2023 07:36 AM UTC+00
Gold Price Today: On April 7 (Friday), gold prices witnessed a minor drop. Currently, the 24 carat gold (10 grams) is priced at Rs 60,980 while 22 carat gold (10 grams) is at Rs 55,900. Pure gold and standard gold both decreased by Rs 380 and Rs 350, respectively, in the last 24 hours.
International Monetary Fund (IMF) managing director Kristalina Georgiva has said that  India and China are predicted to contribute for half of global growth in 2023. Georgiva also stated that the global economy is anticipated to grow at less than 3% this year.
The International Monetary Fund (IMF), in its working paper, has said  that India's creation of a world-class digital public infrastructure serves as an example for other countries going through digital transformation.
RBI's new repo rate: The Reserve Bank of India has kept the repo rate unchanged at 6.5% with readiness to act should the situation so warrant, announces RBI Governor Shaktikanta Das. He also informed that overall inflation is above the target and the current policy rate still remains accommodative. Real GDP growth for 2023-24 is projected at 6.5%, he added.
Axita Cotton, NSE: AXITA, shares extended their gains for the third straight session on Thursday after the cotton ginning company informed exchanges about bagging a major order from Bangladesh.
The Reserve Bank of India (RBI) has announced that a new central web portal will be set up to look for unclaimed deposits that are more than ten years old. Currently, bank customers need to visit the websites of various institutions to retrieve their deposits. However, this new web platform will enable bank customers to locate their unclaimed deposits in one convenient location.  
Dunzo layoff: Dunzo, a well-known platform for grocery delivery services, recently announced that it will reduce its workforce by 30%, which would result in the loss of almost 300 jobs. The company took this decision while it has raised a total of $75 million from investors, including Google and Reliance Industries.
The Union Cabinet on Thursday gave nod to new gas pricing formula and imposed a cap to keep rates of CNG, piped cooking gas under check, Union Minister Anurag Thakur informed.
Warning about an economic slowdown, the IMF chief said that the world economy is expected to grow at less than 3 percent this financial year while India and China expected to account for half of global growth in 2023. International Monetary Fund (IMF) managing director Kristalina Georgieva further warned of a similar economic situation this year just like last year wherein a sharp slowdown in the world economy took place following the raging pandemic and Russia's military invasion of Ukraine.
The US Treasury Department has issued a warning about the risks posed by decentralized cryptocurrency markets, known as DeFi, to national security. The Treasury released a 42-page report titled, 'Illicit Finance Risk Assessment of Decentralized Finance' on Thursday. The report highlights that these platforms enable cryptocurrency investors to transact with each other without a central intermediary overseeing transactions, making it difficult for regulators to monitor DeFi transactions. 

Gold prices witness a drop, 24 carat gold below Rs 61,000

Friday 07 April 2023 07:36 AM UTC+00
Gold Price Today: On April 7 (Friday), gold prices witnessed a minor drop. Currently, the 24 carat gold (10 grams) is priced at Rs 60,980 while 22 carat gold (10 grams) is at Rs 55,900. Pure gold and standard gold both decreased by Rs 380 and Rs 350, respectively, in the last 24 hours.
International Monetary Fund (IMF) managing director Kristalina Georgiva has said that  India and China are predicted to contribute for half of global growth in 2023. Georgiva also stated that the global economy is anticipated to grow at less than 3% this year.
The International Monetary Fund (IMF), in its working paper, has said  that India's creation of a world-class digital public infrastructure serves as an example for other countries going through digital transformation.
RBI's new repo rate: The Reserve Bank of India has kept the repo rate unchanged at 6.5% with readiness to act should the situation so warrant, announces RBI Governor Shaktikanta Das. He also informed that overall inflation is above the target and the current policy rate still remains accommodative. Real GDP growth for 2023-24 is projected at 6.5%, he added.
Axita Cotton, NSE: AXITA, shares extended their gains for the third straight session on Thursday after the cotton ginning company informed exchanges about bagging a major order from Bangladesh.
The Reserve Bank of India (RBI) has announced that a new central web portal will be set up to look for unclaimed deposits that are more than ten years old. Currently, bank customers need to visit the websites of various institutions to retrieve their deposits. However, this new web platform will enable bank customers to locate their unclaimed deposits in one convenient location.  
Dunzo layoff: Dunzo, a well-known platform for grocery delivery services, recently announced that it will reduce its workforce by 30%, which would result in the loss of almost 300 jobs. The company took this decision while it has raised a total of $75 million from investors, including Google and Reliance Industries.
The Union Cabinet on Thursday gave nod to new gas pricing formula and imposed a cap to keep rates of CNG, piped cooking gas under check, Union Minister Anurag Thakur informed.
Warning about an economic slowdown, the IMF chief said that the world economy is expected to grow at less than 3 percent this financial year while India and China expected to account for half of global growth in 2023. International Monetary Fund (IMF) managing director Kristalina Georgieva further warned of a similar economic situation this year just like last year wherein a sharp slowdown in the world economy took place following the raging pandemic and Russia's military invasion of Ukraine.
The US Treasury Department has issued a warning about the risks posed by decentralized cryptocurrency markets, known as DeFi, to national security. The Treasury released a 42-page report titled, 'Illicit Finance Risk Assessment of Decentralized Finance' on Thursday. The report highlights that these platforms enable cryptocurrency investors to transact with each other without a central intermediary overseeing transactions, making it difficult for regulators to monitor DeFi transactions. 

Gold prices witness a drop, 24 carat gold below Rs 61,000

Friday 07 April 2023 07:36 AM UTC+00
Gold Price Today: On April 7 (Friday), gold prices witnessed a minor drop. Currently, the 24 carat gold (10 grams) is priced at Rs 60,980 while 22 carat gold (10 grams) is at Rs 55,900. Pure gold and standard gold both decreased by Rs 380 and Rs 350, respectively, in the last 24 hours.
International Monetary Fund (IMF) managing director Kristalina Georgiva has said that  India and China are predicted to contribute for half of global growth in 2023. Georgiva also stated that the global economy is anticipated to grow at less than 3% this year.
The International Monetary Fund (IMF), in its working paper, has said  that India's creation of a world-class digital public infrastructure serves as an example for other countries going through digital transformation.
Axita Cotton, NSE: AXITA, shares extended their gains for the third straight session on Thursday after the cotton ginning company informed exchanges about bagging a major order from Bangladesh.
The Reserve Bank of India (RBI) has announced that a new central web portal will be set up to look for unclaimed deposits that are more than ten years old. Currently, bank customers need to visit the websites of various institutions to retrieve their deposits. However, this new web platform will enable bank customers to locate their unclaimed deposits in one convenient location.  
Dunzo layoff: Dunzo, a well-known platform for grocery delivery services, recently announced that it will reduce its workforce by 30%, which would result in the loss of almost 300 jobs. The company took this decision while it has raised a total of $75 million from investors, including Google and Reliance Industries.
The Union Cabinet on Thursday gave nod to new gas pricing formula and imposed a cap to keep rates of CNG, piped cooking gas under check, Union Minister Anurag Thakur informed.
Warning about an economic slowdown, the IMF chief said that the world economy is expected to grow at less than 3 percent this financial year while India and China expected to account for half of global growth in 2023. International Monetary Fund (IMF) managing director Kristalina Georgieva further warned of a similar economic situation this year just like last year wherein a sharp slowdown in the world economy took place following the raging pandemic and Russia's military invasion of Ukraine.
The US Treasury Department has issued a warning about the risks posed by decentralized cryptocurrency markets, known as DeFi, to national security. The Treasury released a 42-page report titled, 'Illicit Finance Risk Assessment of Decentralized Finance' on Thursday. The report highlights that these platforms enable cryptocurrency investors to transact with each other without a central intermediary overseeing transactions, making it difficult for regulators to monitor DeFi transactions. 

Gold prices witness a drop, 24 carat gold below Rs 61,000

Friday 07 April 2023 07:36 AM UTC+00
Gold Price Today: On April 7 (Friday), gold prices witnessed a minor drop. Currently, the 24 carat gold (10 grams) is priced at Rs 60,980 while 22 carat gold (10 grams) is at Rs 55,900. Pure gold and standard gold both decreased by Rs 380 and Rs 350, respectively, in the last 24 hours.
International Monetary Fund (IMF) managing director Kristalina Georgiva has said that  India and China are predicted to contribute for half of global growth in 2023. Georgiva also stated that the global economy is anticipated to grow at less than 3% this year.
The International Monetary Fund (IMF), in its working paper, has said  that India's creation of a world-class digital public infrastructure serves as an example for other countries going through digital transformation.
National High-Speed Rail Corporation Limited (NHSRCL) on Friday said Afcons Infrastructure Limited quoted the lower amount among two technically qualified financial bids for the construction of a 21-kilometre tunnel, including 7 kilometres under the sea, as part of the Mumbai-Ahmedabad bullet train project.
Axita Cotton, NSE: AXITA, shares extended their gains for the third straight session on Thursday after the cotton ginning company informed exchanges about bagging a major order from Bangladesh.
The Reserve Bank of India (RBI) has announced that a new central web portal will be set up to look for unclaimed deposits that are more than ten years old. Currently, bank customers need to visit the websites of various institutions to retrieve their deposits. However, this new web platform will enable bank customers to locate their unclaimed deposits in one convenient location.  
Dunzo layoff: Dunzo, a well-known platform for grocery delivery services, recently announced that it will reduce its workforce by 30%, which would result in the loss of almost 300 jobs. The company took this decision while it has raised a total of $75 million from investors, including Google and Reliance Industries.
The Union Cabinet on Thursday gave nod to new gas pricing formula and imposed a cap to keep rates of CNG, piped cooking gas under check, Union Minister Anurag Thakur informed.
Warning about an economic slowdown, the IMF chief said that the world economy is expected to grow at less than 3 percent this financial year while India and China expected to account for half of global growth in 2023. International Monetary Fund (IMF) managing director Kristalina Georgieva further warned of a similar economic situation this year just like last year wherein a sharp slowdown in the world economy took place following the raging pandemic and Russia's military invasion of Ukraine.
The US Treasury Department has issued a warning about the risks posed by decentralized cryptocurrency markets, known as DeFi, to national security. The Treasury released a 42-page report titled, 'Illicit Finance Risk Assessment of Decentralized Finance' on Thursday. The report highlights that these platforms enable cryptocurrency investors to transact with each other without a central intermediary overseeing transactions, making it difficult for regulators to monitor DeFi transactions. 

Gold prices witness a drop, 24 carat gold below Rs 61,000

Friday 07 April 2023 07:36 AM UTC+00
Gold Price Today: On April 7 (Friday), gold prices witnessed a minor drop. Currently, the 24 carat gold (10 grams) is priced at Rs 60,980 while 22 carat gold (10 grams) is at Rs 55,900. Pure gold and standard gold both decreased by Rs 380 and Rs 350, respectively, in the last 24 hours.
International Monetary Fund (IMF) managing director Kristalina Georgiva has said that  India and China are predicted to contribute for half of global growth in 2023. Georgiva also stated that the global economy is anticipated to grow at less than 3% this year.
The International Monetary Fund (IMF), in its working paper, has said  that India's creation of a world-class digital public infrastructure serves as an example for other countries going through digital transformation.
National High-Speed Rail Corporation Limited (NHSRCL) on Friday said Afcons Infrastructure Limited quoted the lower amount among two technically qualified financial bids for the construction of a 21-kilometre tunnel, including 7 kilometres under the sea, as part of the Mumbai-Ahmedabad bullet train project.
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