22 June 2024

RBI maintains repo rate at 6.5%, focusing on inflation control despite dissenters’ concerns about growth impacts. Source and citation: ET Bureau TLDR For This Article: RBI’s decision to keep the repo rate steady at 6.5% aims to control inflation, despite concerns from dissenting members about stifling economic growth. Analysis of this news for a layman: […]

Key members of the Hinduja family face legal issues over servant exploitation. Here’s how it impacts investors and industries. Source and citation: Bloomberg TLDR For This Article: Four members of the Hinduja family, known for their vast business empire, were sentenced for exploiting servants. This may have far-reaching implications for their businesses and industries. Analysis

India’s government sees a surprising ₹70,000 crore boon from GST cess on sin goods. What does it mean for markets? Source and citation: ET Bureau TLDR For This Article: The Indian government could benefit from an unexpected ₹70,000 crore from GST cess, primarily levied on items like cigarettes and automobiles, even after clearing Covid-era debts.

Zepto secures $665 million, valuation jumps to $3.6 billion. Here’s what it means for investors and industries. Source and citation: ET Bureau TLDR For This Article: Zepto, an Indian quick-commerce company, has raised $665 million, pushing its valuation to $3.6 billion. The company plans to use the funds to double its warehouse count and prepare