Guwahati, 1st September: Giving tea a new shape, entrepreneur Alpana Saikia of Guwahati is all set to introduce wine which will be produced from Assam Tea. With the curiosity to create something new which can take Assam to a international level Alpana Saikia with all her resources and personal research … Read more
Tag: business
Tech layoffs: Dukaan lays off 90% of support staff after introducing AI chatbot for customer support
Suumit Shah, Dukaan’s founder and CEO, shared the update through a Twitter post where he explained that the query resolution time went down to 3 minutes and 12 seconds from the previous time duration of 2 hours and 13 minutes after the introduction of Dukaan’s own AI assistant. The effect … Read more
Loan rates to rise? SBI hikes lending rate by 5 bps across tenures from July 15
As per the latest information on SBI website, the lending rates will now range between 8 per cent and 8.75 per cent. India’s largest lender State Bank of India (SBI) has hiked the marginal cost of funds-based lending rate (MCLR) by 5 basis points (bps), which is effective from Saturday … Read more
Tesla in talks to set up factory in India for electric cars starting at Rs 20 lakh: Report
In addition to engaging with the government, Tesla has been holding meetings with industry executives in India. Tesla is actively discussing the potential establishment of its auto parts and electronics chain in India with officials from the Indian government, according to an Economic Times report. These talks also involve seeking … Read more
Government issues import restrictions on certain gold jewellery, articles
The Directorate General of Foreign Trade (DGFT) said that the import cap will not apply to imports made in accordance with the Free Trade Agreement between India and the United Arab Emirates. The Centre has implemented import restrictions on certain gold jewellery and articles, in a bid to reduce the … Read more
Kotak Mahindra Bank releases its annual report, here’s what Uday Kotak said
Uday Kotak emphasized the bank’s focus on digital transformation and technological innovation enabling them to provide seamless banking services to customers. Kotak Mahindra Bank has recently unveiled its annual report, featuring insights from Vice Chairman and Managing Director, Uday Kotak. In his statement, Kotak expressed optimism amidst the challenging economic … Read more
RBI governor Shaktikanta Das asks states to improve expenditure quality
At a disaggregated level, a few large states have debt-to GSDP ratios exceeding 35 per cent, the report added. Flagging the need to enhance the health of finances, Reserve Bank of India governor Shaktikanta Das on Thursday asked state governments to focus on fiscal consolidation and improve quality of expenditure. … Read more
Jaguar Land Rover wholesales rise 30% in Q1 as chip shortage eases
Retail sales up 29% YoY to 101,994 units; Tata Motors shares hit all-time high. British luxury car maker Jaguar Land Rover (JLR), a wholly owned subsidiary of Mumbai-headquartered automobile giant Tata Motors, posted a 30 per cent year-on-year (YoY) jump in wholesale volumes and 29 per cent growth in retail … Read more
Centre may set mandates for industrial use of green hydrogen: Official.
India has set a goal of producing 5 million metric tonnes of green hydrogen annually by 2030, with about 70% of that marked for export markets, he said. India may set mandates for industries such as fertilisers and refineries to use green hydrogen, after consultations, the country’s renewable energy secretary … Read more