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Govt bans onion exports to keep prices in check
Business

Govt bans onion exports to keep prices in check

New Delhi, Dec 8: The government has banned exports of onion till March next year in order to increase domestic availability so that prices do not spin out of control. "The export policy for onions is amended from free to prohibited till March 31, 2024," the Directorate General of Foreign Trade...
India
Business

India's forex reserves rise to 4-month high

Mumbai, Dec 8: India's foreign exchange reserves rose to an over four-month high of $604.04 billion as of December 1, according to the latest data released by the RBI on Friday. During the week ended December 1, the forex reserves jumped by $6.1 billion, marking the most substantial gain since...
Dual investor interest surfaces in SpiceJet; equity infusion up to Rs 1,500cr anticipated
Business

Dual investor interest surfaces in SpiceJet; equity infusion up to Rs 1,500cr...

New Delhi, Dec 8: In what looks like a significant development for SpiceJet, two major investors have expressed interest in injecting equity into the airline, sources in the know of things claimed. The airline's board is set to convene on December 11 to deliberate on a proposal aimed at raising...
Zerodha founders Kamath brothers
Business

Zerodha founders Kamath brothers' compensation touched Rs 200 cr in FY23

New Delhi, Dec 9: Nithin and Nikhil Kamath, founders of online brokerage platform Zerodha, collectively withdrew Rs 195.4 crore as compensation in fiscal 2022-23 (FY23). According to a report in Entracker, Zerodha co-founders and directors took home Rs 72 crore each as their annual remuneration. ...
OpenAI working with ex-Twitter India head to navigate AI landscape: report
Business

OpenAI working with ex-Twitter India head to navigate AI landscape: report

New Delhi, Dec 9: Sam Altman's OpenAI is reportedly working with ex-Twitter India head Rishi Jaitly to help the ChatGPT developer understand the Indian policies and regulations around AI and how to navigate those. According to a report in TechCrunch, Jaitly is working as a senior advisor with...
Independent iGaming Regulations: Examples for the Indian Market
Business

Independent iGaming Regulations: Examples for the Indian Market

The growing iGaming sector experiences different regulations around the world. These regulations impact each entity in the iGaming market - operators, affiliates, and players. In this article, we’ll analyze the regulatory mechanisms of playing at standalone online casinos like Non Stop Casino ...
First charter flight from Uzbekistan lands in Goa
Business

First charter flight from Uzbekistan lands in Goa

Panaji, Dec 7: The first charter flight from Uzbekistan landed at Mopa airport in Goa on Thursday. On the arrival of Centrum Air Q6 5545 flight, Minister for Tourism, Rohan Khaunte said: "I take immense pleasure in extending a warm welcome to the inaugural charter from Uzbekistan to Goa. This...
IBA inks agreement with unions; bank staff pay to increase by 17%
Business

IBA inks agreement with unions; bank staff pay to increase by 17%

Chennai, Dec 8: For the employees of public sector banks (PSBs), 2023 ends on a happy note as the Indian Banks' Association (IBA) on Thursday inked a 17 per cent annual wage hike agreement with bank unions. The wage revision will be effective from 1.11.2022 for a period of five years. The...
RBI retains repo rate at 6.5%, GDP growth at 7%, inflation at 5.4% (Ld)
Business

RBI retains repo rate at 6.5%, GDP growth at 7%, inflation at 5.4% (Ld)

Chennai, Dec 8: As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.5 per cent. Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Friday that the committee...
Mega Bitcoin rally helps other crypto tokens reach new highs
Business

Mega Bitcoin rally helps other crypto tokens reach new highs

New Delhi, Dec 8: The impressive rally of Bitcoin, which now aims to hit $50,000 per coin, has helped other cryptocurrencies like Ethereum and Solana reach new highs. Ethereum (ETH) jumped more than 5 per cent and hit $2,382 on Friday, its highest level since May 2022. Solana (SOL) jumped over 8...
X rolls out access to Grok AI chatbot to Premium+ subscribers
Business

X rolls out access to Grok AI chatbot to Premium+ subscribers

New Delhi, Dec 8: Elon Musk’s X on Friday rolled out access to its Grok AI chatbot to the Premium+ subscribers in the US. Grok is a ChatGPT competitor developed by xAI, Musk’s AI startup. Grok is designed to answer questions with a bit of wit and has a rebellious streak. “Buckle up...
Investing Apps vs. Traditional Brokers: 5 Pros & Cons
Business

Investing Apps vs. Traditional Brokers: 5 Pros & Cons

Investing has become way easier and more comfortable nowadays due to the development of investment apps. An investment app is highly preferred by experienced investors as well as by those who are newbies in the investment world. No doubt traditional brokers still play an important role,...
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