Leading Banking and Finance expert Uday Kotak offers a financial guide that has the potential to make India a country with a $30 trillion economy by 2047. The financial model that he has advised can make the country the biggest economy in the future. The finance minister of India Nirmala Sitaraman responded to Uday’s plan by saying ‘Thank you.’ Uday Kotak Makes a Strategy for Boosting the Economy India has a global ranking as the fifth-largest economy in the year 2023. The Gross Domestic Product or GDP of the country is more than $3.6 trillion. Uday has given suggestions on…
Author: Editorial Team
Bollywood actress Deepika Padukone has been appointed as the new Hyundai brand ambassador. Deepika will hold the position of the automaker’s brand ambassador along with Shah Rukh Khan as the other brand ambassador. Shah Rukh Khan has been associated with the automobile company for over 25 years. Hyundai has also appointed Hardik Pandya some time ago as a brand ambassador. Hardik is the brand ambassador for the Exter SUV model of Hyundai vehicle. The SUV has been launched recently. Deepika on Her Appointment as Hyundai Brand Ambassador Deepika Padukone said that she was very happy about her appointment as a…
Following the State Bank of India’s hike in fixed deposit rates by up to 50 basis points, the Bank of Baroda has raised interest rates on fixed deposits by as much as 125 basis points across different maturity periods. The revised rates, effective from December 29, 2023, apply to domestic deposits below Rs two crore, including non-resident Indian ordinary (NRO), as stated by BOB. Bank of Baroda implemented fixed deposit interest rate hikes ranging from 10 basis points to 125 basis points on various maturity buckets for deposits below Rs 2 crore. Bank of Baroda Boosts Short-Term Deposit Rates BoB…
Tata Coffee will officially merge with Tata Consumer Products Ltd (TCPL) on 1st January, following a reorganization plan aimed at unlocking synergies and efficiencies. Additionally, the scheme entails demerging Tata Coffee’s plantation business into TCPL Beverages and Foods and merging the remaining business with Tata Consumer Products, as a part of the strategic realignment. The board of directors of TCL, the scheme implementation committee of TCPL’s board, and TBFL’s board have acknowledged the fulfilment of conditions under Clause 29, as stated by Tata Coffee. On 28th December, both Tata Coffee and TCPL Beverages & Foods, another Tata group unit, experienced…
Alphabet’s Google settled a lawsuit alleging it secretly tracked the internet use of millions of users who believed their browsing was private. On Thursday, US District Judge Yvonne Gonzalez Rogers in Oakland, California, put on hold the trial in the proposed class action, scheduled for 5th February 2024. This move came after Google’s lawyers and consumer representatives announced they had reached a preliminary settlement. The lawsuit claimed that Google’s analytics, cookies, and apps enabled the Alphabet unit to track consumer activity, even when users set the Chrome browser to “Incognito” mode and other browsers to “private” browsing mode. Google Settles…
On Thursday, Chinese smartphone maker Xiaomi unveiled its first electric vehicle, the SU7. The company promptly declared its ambition to rank among the world’s top five automakers. CEO Lei Jun touted the sedan, with the SI denoting Speed Ultra, as featuring cutting-edge “super electric motor” technology, surpassing Tesla in acceleration speeds. This launch coincides with challenges in the world’s largest auto market, grappling with overcapacity and dwindling demand, fueling a fierce price war. Xiaomi Unveils Super Electric Sedan with Bold Ambitions Chief Executive Lei Jun touted the highly anticipated SU7 sedan, highlighting its “super electric motor” technology, capable of outpacing…
On Thursday (December 28), Ratan Tata, the renowned industrialist, entrepreneur, and Tata Sons Chairman emeritus, turned 86. Tata Sons Chairman emeritus gained fame for his philanthropic endeavours on both national and international fronts. Raised by his grandmother Navajbai Tata, he was born on December 28, 1937. Ratan Tata, the recipient of India’s highest civilian honours, the Padma Vibhushan (2008) and Padma Bhushan (2000) earned these accolades for his substantial contributions to nation-building. Birthday Wishes Pour in for Ratan Tata People over the internet, including Deputy Chief Minister of Maharashtra Devendra Fadnavis, took to social media to extend birthday wishes to…
Actor-politician Vijayakanth, affectionately known as Captain, passed away on December 28 at a private hospital in Chennai due to pneumonia. He, at 71, held a special place in the hearts of Tamil Nadu residents as one of the most cherished actors and politicians. Earlier in the day, the party posted on its official X handle, informing that Vijayakanth had been admitted to a hospital and placed on ventilator support due to breathing problems. He was tested positive for COVID. The news of Vijayakanth’s death profoundly shocked everyone in Tamil Nadu. In November, Vijayakanth’s health deteriorated, leading to his admission to…
Audiences of OTT platforms may soon be able to get a new experience of watching their favourite shows and movies online. If everything goes right, Jio Cinema will merge with Disney+Hotstar. The OTT service of Reliance is a direct rival of Disney and Hotstar. Disney has failed to sign an agreement with HBO and WBD to show their content on its platform. On the other hand, Jio Cinema gained success in this. It offers IPL matches free of cost to its viewers. This is a big achievement for the Reliance. Jio Cinema Signs a Deal With Disney+Hotstar The merger is…
Union Bank of India has increased interest rates by up to 25 basis points (bps) on fixed deposits (FDs) for amounts less than Rs 2 crore. The updated rates, effective from 27th December 2023, are available on the Union Bank website. Union Bank’s Latest FD Interest Rates Union Bank of India has increased the interest rate to 3% on fixed deposits maturing between seven to 45 days for general citizens. Additionally, for FDs maturing between 46 days to 90 days, the bank now offers an interest rate of 4.05%. Furthermore, fixed deposits maturing between 91 days to 180 days will…