Author: Neha Shah

After the rupee hit its record low on June 29, analysts and experts criticized the central bank for the slow decline. They have mentioned that RBI should change the outlook and the current method of intervention.

In the recent GoM council meeting on June 29, there was no discussion about extending GST compensation for states. This was clarified by finance minister Nirmala Sitharaman during the meeting.

Cert-In, the Indian Cyber Security commission extended the date for application of their new rules by three months. The new deadline is set as 25 September 2022, for VPN service providers.

Leonardo Del Vecchio, owner of popular eyewear brands including RayBan passed away on June 27. He was one of the world’s brightest businessmen.

While many advanced economies are expected to face inflation soon, India has a very low risk of slipping into recession. India is expected to benefit from these economic situations.

Youtube has taken down Sidhu Moosewala’s latest song SYL which was released on June 23. The song discussed the river dispute in Punjab.

The newly opened Ikea store in Bengaluru had huge crowds on its first weekend. The visitors waited in queues for more than three hours. Twitter trends with memes on the same.

On June 25, ola announced the closure of its two new businesses – the used car selling company Ola cars and quick commerce company Ola Dash. The company wishes to focus on its Ola Electric segment. 

According to Nomura, the US is expected to face ‘a prolonged mild recession’ soon. This will affect the Indian economy in the mid-term. The growth is expected to slow down. 

The share price of Zomato increased by 4 percent after the board meeting was scheduled on June 24. The share price was recorded at ₹68.60.