Author: Saurabh Mall

There have been up to 85 complaints since new rules were announced on July 4 prohibiting hotels and restaurants from levying service charges by default. New Delhi: The Central Consumer Protection Authority (CCPA) said on Saturday that 85 complaints have been registered on the National Consumer Helpline (NCH) since new guidelines were issued on July 4 prohibiting hotels and restaurants from levying service charges by default, and directed all district collectors to take strict action against violators. Between July 5-8, the top five cities in terms of service charge complaints were New Delhi, Bengaluru, Mumbai, Pune, and Ghaziabad. According to…

Inflation is a reflection of the public’s faith and confidence in the country’s economic institutions, Das stated at the first Kautilya Economic Conclave. RBI Governor Shaktikanta Das expressed optimism that the pricing situation would progressively improve in the second half of the current fiscal, saying the central bank will continue to implement monetary measures to stabilize inflation in order to achieve robust and sustained development. Inflation is a reflection of the public’s faith and confidence in the country’s economic institutions, Das stated at the first Kautilya Economic Conclave. Overall, as the supply situation looks good with a few indications of…

Teji Mandi’s Vaibhav Agrawal feels that India is in a secular economic upcycle. He also believes that the country is in the early stages of a capital expenditure cycle. The latest market correction was driven more by macro narrative and volatility than by fundamental fundamentals, according to Vaibhav Agrawal, Founder of Teji Mandi, in an interview with Moneycontrol. He also feels that “India is on a secular economic upcycle.” I also believe we are in the early stages of a capital expenditure cycle.” When asked how he would safeguard his portfolio from a recession, Agrawal suggested investing in domestic pharma…

In the upcoming years, banking, data centres, renewable energy, robotics & automation, and efficiency-driven capex will be the main drivers of capex growth. From being a quiet part of our lives, the budget market took great importance when the coronavirus epidemic broke out. COVID-19 filled the Indian subcontinent, leading many Indians to view the stock market as a second source of income. Investment in stores grew momentum and the Indian equity market was penniless. Encouraged by this growth, stocks – everything else – went up. The shares of many companies that were never traded, suddenly jumped into life, prices skyrocketed,…

The country’s largest automaker is concerned about new automotive safety requirements by Bharat NCAP that will go into effect by the end of the first quarter of 2024, specifically a six-airbag mandate, since the price rises would hinder first-time car customers. With the introduction of the national government’s new Bharat New Vehicle Assessment Programme, or Bharat NCAP, India’s automakers are bracing for yet another obstacle. With six airbags, Electronic Stability Control (ESC), pedestrian safety, and a three-point safety harness for all seats due to become necessary under Bharat NCAP in the near future, vehicle manufacturers are bracing for yet another…

The withdrawal is a stunning shift in a half-year story that began with Musk amassing an equity share, putting up a complicated financing plan, and then reaching a deal in April. Elon Musk is attempting to terminate a deal to acquire Twitter Inc. for $44 billion and take it private, claiming that the business misrepresented user data and laying the groundwork for a protracted legal battle. The withdrawal is a stunning shift in a six-month tale that began with Musk amassing an ownership share, putting up a complex financing plan, and then signing a contract in April. Throughout the process,…

Petroleum “Petrol and diesel” prices remained stable on July 9, according to the most recent price announcement released by fuel retailers, with prices being unchanged for more than a month after the government lowered the excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre on May 21. According to the most recent price notification published by fuel merchants, gasoline and diesel prices remained stable on July 9. Fuel prices have remained stable for more than a month after the government reduced excise tax on petrol by Rs 8 per litre and diesel…

The primary cause for the rupee decline is the withdrawal of funds from the Indian economy by FPIs and FIIs. FPIs had taken out Rs 2.32 trillion in the recent six months. Since the beginning of 2022, there has been intense sell-off pressure on the rupee. Since the Russia-Ukraine conflict began out on February 20, 2022, the situation has gotten worse. The rupee was trading at 74.49 versus the dollar on February 21, 2022. It was trading at 79.24 on July 8—6% less than it had been on February 20. The value of the Indian rupee has repeatedly fallen below…

Shinzo Abe, 67, was shot from behind by an attacker while running for the upper chamber of the Japanese parliament. On July 8, NHK World, the nation’s national media outlet, revealed that Shinzo Abe, the former prime minister of Japan, had passed away hours after being shot during an election rally. According to hospital staff at the Nara Medical University hospital, where Abe was taken after the attack, the gunshots “penetrated his heart,” NHK World said after Abe’s death. “At 12:20 PM, Shinzo Abe was brought to the hospital. While I reached there, he was in cardiac arrest. The process…

Shinzo Abe seriously wounded in a shooting on Friday that was reportedly carried out with a handmade gun when he was campaigning for the ruling Liberal Democratic Party in Nara, a city east of Osaka. The former prime minister of Japan, was shot dead. It is a testament to how rare and alarming gun violence is in a country, where gun ownership is tightly controlled. Shinzo Abe seriously wounded in a shooting on Friday that was reportedly carried out with a handmade shotgun when he was campaigning for the ruling Liberal Democratic Party in Nara, a city east of Osaka.…