Economy news - NewsLocker

Brazil airport plays graphic porn video on screen, leaves travellers shocked!

28-05-2022 15:22 via zeenews.india.com

Brazil airport authorities have blamed the incident of porn playing on a screen on the companies that have advertisements right, claiming that they handle their own systems of publication, reports AP.

'Tesla will not make cars unless...' Elon Musk's Twitter reply on India plans

28-05-2022 14:57 via zeenews.india.com

Replying to a Twitter user, Elon Musk said that Tesla will not put a manufacturing plant in any location where we are not allowed first to sell & service cars.

Karnataka expects to receive FDI worth Rs 75,000 crore, says minister

28-05-2022 14:57 via financialexpress.com

Karnataka is expecting a Foreign Direct Investment worth Rs 75,000 crores in sectors like biotech and start-ups, the state’s Education Minister Dr Ashwath Narayana has said.
The minister, who accompanied Chief Minister Basavaraj Bommai at the World Economic Forum at Davos, said that the Davos meeting was very successful.
He said the government was keen on developing other cities like Mysore, Mangalore, Belgaum, Hubli-Dharwad and Shimoga as well.
“The state is also developing seven to

Brazil airport plays graphic porn video on screen, puts travellers in tricky situation

28-05-2022 14:47 via zeenews.india.com

Brazil airport authorities have blamed the incident of porn playing on a screen on the companies that have advertisements right, claiming that they handle their own systems of publication, reports AP.

Fertiliser prices up due to pandemic, war; Govt ensured supply, says PM Modi

28-05-2022 14:32 via financialexpress.com

Prime Minister Narendra Modi on Saturday said that the prices of fertilizers have increased due to the COVID-19 pandemic and war in Ukraine, but the government has ensured that farmers in the country do not face scarcity of urea and other inputs.
“We will do everything that is required to be done to strengthen farmers,” he said at a seminar on co-operatives here.
“Imported urea bag of 50 kg costs Rs 3,500, it is given to farmers at Rs 300, which means the government spends Rs 3

Tesla Model Y fire incident in Canada being investigated by authorities

28-05-2022 13:58 via zeenews.india.com

The investigation of the Tesla Model Y fire incident in Vancouver, Canada on May 20 last year has progressed and the investigation team has notified the manufacturer to make a joint investigation, reports Reuters.

LPG Cylinder Subsidy: Who can benefit and how much rebate you will get, read new rules

28-05-2022 13:38 via zeenews.india.com

Domestic and commercial cooking gas cylinders have suffered a succession of price hikes in recent months.

‘The Conjuring’ haunted house sold for Rs 11 crore, but new owner did THIS

28-05-2022 13:02 via zeenews.india.com

Jenn and Cory Heinzen had purchased the home in 2019 for $439,000 and had set the asking price at $1.2 million.

UK watchdog to investigate Google over abuse of dominance in ad tech

28-05-2022 12:33 via timesofindia.indiatimes.com

UK watchdog to investigate Google over abuse of dominance in ad tech

DGCA slaps Rs 5 lakh fine on IndiGo for not allowing specially-abled teen to board

28-05-2022 11:57 via zeenews.india.com

The incident has got Indigo into a lot of controversies and has landed them in trouble with the DGCA.

Ather Energy's Chennai showroom catches fire, first incident with Electric scooter maker

28-05-2022 11:21 via zeenews.india.com

This was the first time Ather Energy came in news for a fire incident joining Ola Electric, Pure EV, Jitendra EV Tech and Okinawa, reports IANS.

Meghalaya CM to now ride electric car, adds MG ZS EV to his fleet

28-05-2022 10:59 via zeenews.india.com

The MG ZS EV is a capable electric vehicle, and it has recently found space in the garage of Meghalaya’s Chief Minister - Conrad K Sangma.

IDFC Bank hikes fixed deposit interest rates, check latest FD rates

28-05-2022 10:29 via zeenews.india.com

IDFC Bank has increased the interest rates on fixed deposits (FD).

Centre to develop framework to check fake reviews on e-commerce websites

28-05-2022 10:09 via timesofindia.indiatimes.com

The government on Saturday said it will develop a framework to keep a check on fake reviews posted on e-commerce websites to protect consumer interest.

California woman punches flight attendant, sentenced to 15 months in prison

28-05-2022 09:35 via zeenews.india.com

The 29-year-old Sacramento woman is prohibited from flying for three years while she is on supervised release and must participate in anger management classes or counselling, reports AP.

This Royal Enfield Interceptor 650 modified into a bobber looks rad, check pics

28-05-2022 09:05 via zeenews.india.com

This tuned example of the Royal Enfield Interceptor 650 is every bit brute. With the use of chunky tyres, reworked suspension, and a hardtail chassis, this motorcycle has the potential to attract a lot of attention.

7th Pay Commission: DA hike coming in July? Check latest update on dearness allowance

28-05-2022 08:22 via zeenews.india.com

DA of Central government employees could increase by 4 per cent in the month of July 2022.

Daily Voice | Anand Nevatia of TRUST MF expects RBI to raise repo rate by 35-50bps, hike CRR to reduce liquidity in June

28-05-2022 08:18 via moneycontrol.com

"We believe an environment of continued monetary policy tightening will continue till RBI is convinced of anchoring inflation expectations well below its upper tolerance band of 6 percent."

Delhi government's new electric buses a hit among commuters, about 1 lakh travelled in 3 days

28-05-2022 07:39 via zeenews.india.com

MLAs, along with the top brass of the Delhi, took rides in the electric buses over the last three days to witness and review the facilities as well.

Ethos IPO GMP today, listing date, and more: Will investors make a profit or loss?

28-05-2022 07:07 via zeenews.india.com

Ethos IPO GMP today stands at minus Rs 5, meaning that the company shares could have a negative listing.

Cancelling booking of Kia EV6 costs a bomb too: Has cancellation charge of Rs 50,000

28-05-2022 06:47 via zeenews.india.com

Bookings for the upcoming Kia EV6 are now open against a sum of Rs 3 lakh, but it will cost you Rs 50,000, in case you plan to withdraw your order of the Kia’s upcoming EV.

Flex Fuel: How it can reduce petrol cost in India, help in fighting pollution - Explained

28-05-2022 06:30 via zeenews.india.com

Flex Fuel is a much-discussed term when talking about clean energy sources for the automobile industry. Here we explain what exactly Flex Fuel is, how it is obtained, and why we need it.

Top Gun: Maverick – All the fighter jets shown in Tom Cruise starrer movie, a treat for avgeeks

28-05-2022 06:29 via zeenews.india.com

The avgeeks across the globe are up for a delight with several fighter jets shown in the movie Top Gun: Maverick starring Tom Cruise, right from a vintage jet to an experimental stealth plane.

2022 New Mahindra Scorpio-N engine output with power figure leaked, check expected price: Video

28-05-2022 06:28 via zeenews.india.com

In a series of leaked details of the upcoming 2022 Mahindra Scorpio-N, the power output of the upcoming SUV has now joined the trail. Only the pricing remains to be disclosed now.

Next-gen Ambassador to launch in India? New car expected to make comeback as electric vehicle

28-05-2022 06:27 via zeenews.india.com

The iconic Ambassador car is possibly going make an comeback as a new electric vehicle produced in a partnership with a French auto manufacturing company.

Samsung could cut phone production by 30 million units in 2022

28-05-2022 06:18 via zeenews.india.com

Samsung is reportedly cutting production targets across its low to mid-end and flagship models.

Moneycontrol Pro Weekender | History lessons

28-05-2022 05:59 via moneycontrol.com

Why do investors turn to history when the chips are down, but ignore it resolutely during bull markets?

Central bank flags risks of double-digit WPI exerting pressure on retail inflation

28-05-2022 05:42 via financialexpress.com

The Reserve Bank of India (RBI) on Friday flagged risks of double-digit wholesale price inflation exerting upward pressure on retail inflation, albeit with a time lag.
In its annual report for FY22, the central bank said: “The substantial wedge between wholesale and retail price inflation amidst a sharp rise in manufactured products’ inflation poses the risk of a possible pass-through of input cost pressures to retail inflation with a lag, although slack in the economy is muting the

Will Tesla make in India? Elon Musk answers

28-05-2022 05:33 via timesofindia.indiatimes.com

Will Tesla make in India? Elon Musk answers

Will Tesla come to India, Elon Musk answers

28-05-2022 05:33 via timesofindia.indiatimes.com

Will Tesla come to India, Elon Musk answers

Elon Musk ends speculation on India plans

28-05-2022 05:33 via timesofindia.indiatimes.com

Elon Musk ends speculation on India plans

'Will not make EVs until...' Elon Musk's Twitter reply on Tesla's India plans

28-05-2022 05:29 via zeenews.india.com

Replying to a Twitter user, Elon Musk said tha Tesla will not put a manufacturing plant in any location where we are not allowed first to sell & service cars.

This Royal Interceptor 650 modified into a bobber looks rad, check pics

28-05-2022 04:30 via zeenews.india.com

This tuned example of the Royal Enfield Interceptor 650 is every bit brute. With the use of chunky tyres, reworked suspension, and a hardtail chassis, this motorcycle has the potential to attract a lot of attention.

India-EU FTA to focus on low-hanging fruit first

28-05-2022 02:40 via financialexpress.com

India and the EU are expected to review their respective stance and focus on low-hanging fruit first, as they are set to re-launch negotiations for a free trade agreement (FTA) in June after a gap of about nine years, sources told FE.
“Both the sides are likely to take stock of the progress so far and discuss how to proceed further. It makes sense to focus on points of convergence first before moving on to contentious matters,” one of the sources said.
After 16 rounds of talks betwee

More than 15,000 fair price shops serving as financial service agents

28-05-2022 02:00 via financialexpress.com

Of the ubiquitous fair price shops (FPSes) in the country, as many as 15,300 are now serving as financial services agents for the masses, a move that will cataylse the process of financial inclusion and boost digital connectivity in remote areas.
The FPS licence holders find additional sources of income, which will serve as an incentive to remain in the trade and also ensure wider reach of the public distribution system (PDS).
These common service centres (CSCs) are currently delivering assorted

Several countries approach India for wheat imports

28-05-2022 01:15 via financialexpress.com

Several countries such as Bangladesh, Indonesia, the UAE, South Korea, Oman and Yemen have approached India for wheat imports under bilateral arrangements between governments. New Delhi had put a ban on wheat exports on May 13, amid fears of a looming shortage in the domestic markets.
However, the ban is not applicable for two kinds of shipments — exports committed by the Indian government under bilateral understanding with a few countries to meet their food security needs and shipments un

No interim deal, but full-fledged FTA with UK by Diwali: Piyush Goyal

28-05-2022 01:15 via financialexpress.com

A free trade agreement (FTA) between India and the UK may be clinched by Diwali in October without the requirement of an interim deal, commerce and industry minister Piyush Goyal said in London, appreciating the steady pace of negotiations. Goyal is on a visit to London from Davos ahead of the fourth round of the FTA negotiations between the two countries, scheduled for June 13 in the UK.
“Canada is progressing well towards an early harvest agreement. With the UK, we had agreed to do an ea

Development finance body to start operations in next quarter

28-05-2022 01:00 via financialexpress.com

The National Bank for Financing Infrastructure and Development (NaBFID), one of the key initiatives of the government to finance long-term infrastructure projects, is set to commence operations in the second quarter of this fiscal. “All systems are in place and the appointments of senior executives are being done. All these things should be finalised in a month-and-a half and it will be ready for operation,” a senior finance ministry official told FE.
Following an announcement in the

Adani arm acquires 50% of B’luru-based drone startup

27-05-2022 23:43 via timesofindia.indiatimes.com

The Gautam Adani-led Adani Enterprises will buy 50% in General Aeronautics, a Bengaluru-based drone maker, for an undisclosed sum. M&A activity in the futuristic drone industry is on an upward curve.

Have right to levy service charge: Restaurants' body

27-05-2022 22:55 via timesofindia.indiatimes.com

Defending the right of restaurants to levy service charge, the Federation of Hotels and Restaurants Association of India on Friday said it will participate in the meeting called by the department of consumer affairs (DoCA) on the issue on June 2. The DoCA discussion follows complaints by customers on the National Consumer Helpline that restaurants impose 5-15% service charge even though it is different from taxes and is in the nature of a tip.

RBI says economy losing steam; high frequency indicators showing loss of momentum

27-05-2022 21:45 via financialexpress.com

The Reserve Bank of India (RBI) on Friday expressed concerns that the economy might be losing steam, pointing out that high frequency indicators are beginning to reflect some loss of momentum. Moreover, high global prices of crude oil, metals and fertilisers had already impacted the terms of trade, resulting in wider trade and current account deficits, the central bank observed.
In its annual report for 2021-22, released on Friday, the RBI also drew attention to the subdued outlook for the globa

India seen facing wider coal shortages, worsening power outage

27-05-2022 20:16 via timesofindia.indiatimes.com

India is expected to face a wider coal shortage during the quarter ending September over expectations of higher power demand, an internal power ministry presentation seen by Reuters showed, worsening risks of widespread power outages.

Oil India reports high-ever profit on oil price surge

27-05-2022 20:05 via timesofindia.indiatimes.com

State-owned Oil India Ltd on Friday reported its highest-ever quarterly net profit in the three months to March as it got nearly $100 per barrel price for oil produced and sold.

Forex reserves rise $4.23 billion to $597.51 billion: RBI

27-05-2022 19:23 via timesofindia.indiatimes.com

India's forex reserves increased by $4.23 billion to $597.509 billion for the week ended May 20 on the back of a high accretion of core currency assets, according to RBI data. The country's foreign exchange reserves had declined by $2.676 billion to $593.279 billion in the previous reporting week ended May 13.

LIC launches Bima Ratna plan: Check out the top features

27-05-2022 18:55 via zeenews.india.com

The LIC's Bima Ratna plan provides financial support to the policyholder's family in the event of the policyholder's untimely death during the policy term

Rs 1,000 crore income of Indian oil cos stuck in Russia

27-05-2022 18:45 via timesofindia.indiatimes.com

Dividend income of about 8 billion roubles (about Rs 1,000 crore) from investments of over $5 billion made in two Russian oil fields by a consortium of Indian state-run oil companies remain stuck after Moscow restricted dollar repatriation due to excessive currency volatility following the conflict with Ukraine.

RBI pitches for structural reforms; flags inflationary pressure

27-05-2022 18:03 via timesofindia.indiatimes.com

Reserve Bank of India (RBI) on Friday pitched for structural reforms for sustained economic growth amid rising inflationary pressure, and asked banks to remain watchful of possible slippages in restructured loans. In its annual report, RBI also said the number of Rs 2,000 denomination notes fell to 1.6 per cent of the total currencies in circulation as on March 2022 from 2 per cent in the year-ago period.

New batch of upgraded Vande Bharat trains to cost Rs 115 crore each: Railway officials

27-05-2022 17:21 via zeenews.india.com

The F-Kapurthala and the Modern Coach Factory in Rae Bareilly will also start manufacturing these coaches to meet the target of 400 Vande Bharat trains over the next three years, reports PTI.

Ransomware attack: SpiceJet defers Q4 result announcement

27-05-2022 17:04 via timesofindia.indiatimes.com

SpiceJet has delayed announcing its January-March, 2022, financial result due to the recent ransomware attack it had recently suffered. The result was to be declared on May 30.

Ex-Twitter India head Manish Maheshwari quits edtech startup he founded 6 months ago

27-05-2022 16:41 via zeenews.india.com

Manish Maheshwari has quit Invact Metaversity, an online platform for education and Web3.0.