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Ravi Tiku’s Perspective: Decoding Today’s Headlines

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Finance News

Jio’s December Quarter Profit Rises 28.3% To $571 Million

January 22, 2023
<strong>Jio's December Quarter Profit Rises 28.3% To $571 Million</strong>

Jio’s revenue from operations climbed nearly 19%. (File) Jio, India’s biggest telecom carrier by subscribers, said net profit rose to 46.38 billion rupees ($571.5 million) in three months ended Dec. 31. Market NewsReuters Updated: …

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Categories Finance News Tags Jio, Qaurterly evaluations

Google Announces 12,000 Job Cuts, Hours After Delaying Bonuses

January 21, 2023
<strong>Google Announces 12,000 Job Cuts, Hours After Delaying Bonuses</strong>

Google said the layoffs are global and impact US staff immediately. Google is making the cuts just as the US company confronts a threat to its long-held perch atop the technology sector. World NewsReuters …

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Categories Finance News Tags Google, Layoffs

India Aims To Become Key Semiconductor Supplier For World: Communications Minister Ashwini Vaishnaw

January 20, 2023
<strong>India Aims To Become Key Semiconductor Supplier For World: Communications Minister Ashwini Vaishnaw</strong>

India has a huge potential in terms of talent pool and technology, the minister said. (File) Asked about the government’s own investment plans, Communications Minister Ashwini Vaishnaw said the government itself is putting in …

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Categories Finance News Tags communications, India export, Semiconductor

Microsoft To Cut 10,000 Jobs As Tech Layoffs Intensify

January 19, 2023
<strong>Microsoft To Cut 10,000 Jobs As Tech Layoffs Intensify</strong>

Microsoft Corp said it would cut 10,000 jobs by the end of third quarter of fiscal 2023 The layoffs will result in a charge of $1.2 billion in the second quarter of fiscal 2023, …

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Categories Finance News Tags Layoffs, Microsoft

Maruti Suzuki Vehicles To Cost More From January 16, Prices To Rise By 1.1%

January 17, 2023
<strong>Maruti Suzuki Vehicles To Cost More From January 16, Prices To Rise By 1.1%</strong>

This is the second price hike that the carmaker is undertaking in the ongoing fiscal year. (File) In December last year, Maruti Suzuki India had said it would hike prices of its vehicles to …

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Categories Finance News Tags Maruti Suzuki, Price hike

Cabinet Clears ₹ 2,600 Crore Scheme To Promote RuPay Debit Card, BHIM-UPI

January 16, 2023
<strong>Cabinet Clears ₹ 2,600 Crore Scheme To Promote RuPay Debit Card, BHIM-UPI</strong>

India’s strides in digital payments will be strengthened by today’s cabinet decision, PM Modi said Under the scheme, banks will be provided financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using …

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Categories Finance News Tags Bhim-UPI, Debit card, RBI

India-China Trade Rises To $136 Billion, Trade Deficit Crosses $100 Billion Mark For First Time

January 15, 2023
<strong>India-China Trade Rises To $136 Billion, Trade Deficit Crosses $100 Billion Mark For First Time</strong>

This is the first time the trade deficit has crossed the $100 billion mark. (File) The total India-China trade for 2022 has climbed to $135.98 billion, overtaking the 1$25 billion mark a year earlier …

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Categories Finance News Tags India-China Trade, Trade Deficit

Cryptocurrencies Nothing But Gambling, Their Value Make-Believe: RBI Governor

January 14, 2023
<strong>Cryptocurrencies Nothing But Gambling, Their Value Make-Believe: RBI Governor</strong>

RBI Governor Shaktikanta Das reiterated the need for an outright ban on cryptocurrencies. India News-Press Trust of India Updated: January 13, 2023 9:38 pm IST New Delhi:  Reserve Bank governor Shaktikanta Das on Friday …

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Categories Finance News Tags Cryptocurrency, RBI

Digital Currency Needs To Feel Real. Here’s The Reason Why

January 13, 2023
<strong>Digital Currency Needs To Feel Real. Here's The Reason Why</strong>

Some of the early CBDC experimenters like China, Sweden and South Korea have already moved away from physical cash to a large extent. Andy Mukherjee, Bloomberg Opinion December 13, 2022 11:27 am IST Five …

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Categories Finance News

Indians Living In These 10 Countries Can Soon Make UPI Payments

January 12, 2023
<strong>Indians Living In These 10 Countries Can Soon Make UPI Payments</strong>

The big UPI move will help international students. (Representational) The countries are Singapore, US, Australia, Canada, Hong Kong, Oman, Qatar, Saudi Arabia, UAE and UK. Indians Abroad Reported by Priyanshi Sharma, Edited by Deepshikha Ghosh Updated: …

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Categories Finance News Tags Ten Countries, UPI
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