Sunday, November 24
Garcetti acknowledges Indian immigrants' success in the US, with over 10% of Fortune 500 CEOs being Indian. He highlights the significant impact of Indian professionals in leading companies like Google, Microsoft, and Starbucks.
Centre on Saturday allowed export of 99,150 MT onion to six countries - Bangladesh, UAE, Bhutan, Bahrain, Mauritius and Sri Lanka. The Indian govt allows export of 2000 MT of white onion cultivated specially for export markets in Middle-East and some European countries. National Cooperative Exports Limited (NCEL) is the agency for export of onion to these countries.
Republic First Bank in PA, NJ, NY, seized by FDIC. Acquired by Fulton Bank. $667M cost, 1st US bank failure in 2022. Steven Mnuchin group injects $1B into New York community Bancorp.
China implements austerity measures like budget cuts and frugality campaigns to address economic challenges, redirect resources, and curb unnecessary spending. However, critics question the effectiveness of these measures in resolving long-term economic issues.
The Reserve Bank of India has updated its guidelines for web aggregators of loans to ensure that consumers get a fair and transparent deal. The RBI has also clarified guidelines on loss default guarantees that can be provided by fintechs to lenders on personal loans they distribute.
Indian Railways is gearing up to commence trial runs of short-distance Vande Metro trains in July, alongside the launch of the sleeper version of Vande Bharat next month. The Vande Metro trains are slated to operate on routes spanning 100-250 kilometers, while the Vande Bharat Sleeper trains will be designated for routes exceeding 1,000 kilometers. Officials indicate that the Vande Metro trains will establish connections across approximately 124 cities.
Calcutta high court instructs HUL to remove 'Glow & Handsome' products within a month due to Emami's trademark infringement petition. Justice Ravi Kapur grants a month for compliance with the injunction.
Stock market today: The combined market value of all listed entities on the Bombay Stock Exchange (BSE) climbed by Rs 2.26 lakh crore to reach Rs 402.18 lakh crore. The 30-share BSE benchmark Sensex concluded the trading at 75,038, up by 354 points or 0.47%. BSE Sensex closed above the 75,000 mark for the first time.
