Sunday, November 24
High fixed deposit rates persist as RBI maintains repo rate at 6.5%. Uncertainty surrounds the duration of elevated rates. Investors advised to monitor rate changes closely for optimal FD investment strategies.
RBI Monetary Policy Meeting: According to Shaktikanta Das, two years ago, inflation was the elephant in the room. "The elephant has now gone out for a walk and appears to be returning to the forest," he said.
General Atlantic acquires majority stake in Ujala Cygnus for around Rs 1,200 crore, supporting the healthcare provider's mission for affordable care in northern India. The investment aims to upgrade infrastructure and expand care capabilities in underserved regions.
RBI's measures to curb bank finances in some NBFC segments slow loan growth. Long-term loans, education, and housing loans see significant declines. Other segments show decreases except for bank guarantees, two-wheeler, and consumer loans which grow.
Toyota apologised for delivery backlogs on models like Innova Hycross MPV and Fortuner SUV. Asazuma, deputy MD, working to improve, launched Urban Cruiser Taisor. Plans for new Bangalore plant, offering Taisor with two petrol engines. Focus on hybrids, looking to export to the Middle East and Africa.
Switzerland pursues a new bilateral investment treaty with India post EFTA deal, addressing model treaty concerns. India remains reluctant on concessions, focusing on market appeal despite setbacks.
Clicktech Retail to acquire Appario Retail, a top Amazon India seller under Frontizo Business Services JV of Amazon and Patni Group's Zodiac Wealth Advisors. Amazon to delist Appario in 2022, making it a leading seller.
GE Aerospace to invest Rs 240 crore in Pune post NYSE listing for facility expansion and equipment acquisition. Emphasis on safety, quality by Mike Kauffman. Facility develops aerospace manufacturing talent, training over 5000 people.
