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Business
Govt bans onion exports to keep prices in check
9 Dec 2023 6:33 AM GMT
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...
Business
India's forex reserves rise to 4-month high
9 Dec 2023 6:31 AM GMT
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...
Business
Dual investor interest surfaces in SpiceJet; equity infusion up to Rs 1,500cr...
9 Dec 2023 6:30 AM GMT
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...
Business
Zerodha founders Kamath brothers' compensation touched Rs 200 cr in FY23
9 Dec 2023 6:29 AM GMT
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. ...
Business
OpenAI working with ex-Twitter India head to navigate AI landscape: report
9 Dec 2023 6:26 AM GMT
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...
Business
Independent iGaming Regulations: Examples for the Indian Market
9 Dec 2023 6:22 AM GMT
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 ...
Business
First charter flight from Uzbekistan lands in Goa
8 Dec 2023 6:20 AM GMT
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...
Business
IBA inks agreement with unions; bank staff pay to increase by 17%
8 Dec 2023 6:18 AM GMT
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...
Business
RBI retains repo rate at 6.5%, GDP growth at 7%, inflation at 5.4% (Ld)
8 Dec 2023 6:16 AM GMT
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...
Business
Mega Bitcoin rally helps other crypto tokens reach new highs
8 Dec 2023 6:14 AM GMT
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...
Business
X rolls out access to Grok AI chatbot to Premium+ subscribers
8 Dec 2023 6:13 AM GMT
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...
Business
Investing Apps vs. Traditional Brokers: 5 Pros & Cons
7 Dec 2023 8:24 AM GMT
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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