Economy & Business

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IIM-S &Flipkart signs pact to promote weavers, artisans in Odisha

February 10, 2022February 12, 2022 admin

Flipkart signed a Memorandum of Understanding (MoU) with the Odisha based Indian Institute of Management, Sambalpur ((IIM-S) to provide market access to artisans and weavers of Odisha to sell their products online.

HPCL Launches Branded Store ‘Happy Shop’

February 7, 2022February 10, 2022 admin

Hindustan Petroleum Corporation Limited (HPCL) has launched convenience stores under the brand name ‘HappyShop’. ‘HappyShop’ is a non-fuel retail sector of HPCL.
The new happy shops are opened at the HPCL’s Auto Care Centre, Bandra West in Mumbai, Maharashtra and Millennium Retail Outlet in Visakhapatnam, Andhra Pradesh.

CMIE Report: India’s unemployment rate in January 2022 stood at 6.57%

February 6, 2022February 7, 2022 admin

The unemployment rate in India in January 2022 fell sharply to 57%, according to the data from the economic think-tank, the Centre for Monitoring Indian Economy (CMIE).
This is the lowest rate witnessed since March 2021.

SEBI overhauls high-power advisory committee on settlement orders

February 6, 2022February 7, 2022 admin

SEBI has restructured its four member high-power advisory committee on settlement orders and compounding of offences.
The committee will now be chaired by Jai Narayan Patel, former chief justice of Calcutta High Court.

Samsung Surpasses Intel As World’s Top Semiconductor Company in 2021

February 5, 2022February 6, 2022 admin

According to the report released by Counterpoint Technology Market Research, South Korean electronics manufacturing giant, Samsung Electronics replaced United States (U.S) chipmaker Intel’s first position in World’s Top Semiconductor Company in 2021
Top 3 Enterprises: 1.Samsung 2.Intel 3.SK Hynix

‘Tata Sky’ Rebrands Itself as ‘Tata Play’

February 5, 2022February 6, 2022 admin

Tata Sky, one of the largest Direct to Home (DTH) platforms, has rebranded itself as ‘Tata Play’ to expand its television-cum-OTT (Over-The-Top) offerings in combined packages.
Tata Play Limited is a joint venture (JV) between Tata Sons and TFCF Corporation (formerly known as Twenty-First Century Fox, Inc.) and is now a part of the Walt Disney Company.

India’s GDP expected to grow 7.8% in FY23: Crisil Report

February 4, 2022February 6, 2022 admin

Domestic rating agency CRISIL (formerly Credit Rating Information Services of India Limited) has estimated FY23 real GDP (Gross Domestic Product) growth at 8% as compared to 9.2% in FY22, and 8.5% projected in Economic Survey 2021-22.
The agency expects the nominal GDP growth at 12-13% in FY23, higher than the 11.1% Budget Estimate 2022-2023. It also projected headline inflation for FY23 to average 2%.