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Everyone reads Business News. But what's the story behind the news? In Business Tit-Bits, our Business Editor Mr Akhilesh Bhragava analyzes important happenings from the Business World. For, In-depth understanding of Business and Finance developments, listen to Business Tit-Bits.
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Feb 4, 2023
Business Tit-Bits: Directionless Budget
Finance Minister Nirmala Sitharaman in Union Budget 2023 has announced attractive incentives and rebates in the new income tax regime, a steep hike in capital investments and the biggest ever outlay in railways. The rebate limit in the new tax regime is increased from Rs 5 lakh to 7 lakh and there is a corresponding easing of the tax slabs. The new tax regime is the default. Sitharaman has proposed an increase in capex by 33 per cent to Rs 10 lakh crore. States are also being incentivised to spend more on infra. Rs 2.40 lakh crore has been allocated for Indian Railways, which is the highest ever. In this episode of the BUsiness Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Jan 29, 2023
Business Tit-Bits: Going, Going, Gone Mechanic...
Car workshop and auto spare parts platform, GoMechanic is going to let go of approximately 70% of its workforce. This was announced by co-founder Amit Bhasin in a long LinkedIn post. GoMechanic, which offers everything from mechanics to carwashing services on an app, bills itself as having India’s largest auto service center network. With its funding round in jeopardy, the startup is now facing a cash crunch, the people said.
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Jan 28, 2023
Business Tit Bits: The Economy and The Budget
Business Tit Bits: The Economy and The Budget | Nirmala Sitharaman | BJP | Delhi |
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Jan 19, 2023
Business Tit Bits: Middle Class,Finance Ministers And The Budget
Finance Minister Nirmala Sitharaman said the central government will continue to work for the middle class, as she gears up to announce the Union Budget 2023 in less than three weeks. Sitharaman said she belongs to a middle class family and understands the pressures they face, adding that the BJP-led NDA government has not imposed any new tax on the middle class in any budget so far
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Nov 8, 2022
Business Tit-Bits: THE BOMBAY DYEING FRAUD - UNANSWERED QUESTIONS|
"Sebi on 22 October has barred 10 entities, including Bombay Dyeing & Manufacturing Company Ltd and its promoters -- Nusli N Wadia, Ness Wadia and Jehangir Wadia -- from the securities markets for up to two years.
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Nov 2, 2022
Business Tit Bits: Consumer Spending Matters The Most
Business Tit Bits: Consumer Spending Matters The Most
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Oct 31, 2022
Business Tit-Bits: The Challenges That Rishi Sunak Faces
As Rishi Sunak takes over the reins in Great Britain several issues have cropped up needing his decision as the country’s leader. In this episode of the Business Tit Bits, Our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Oct 29, 2022
Business Tit-Bits: The Economy and Diwali Optimism
Diwali is just not a religious or cultural festival; it has a huge impact on our economy as well. We all have our buying list for Diwali sales. The festive season falls in the mid of the Financial year (April to March). The season itself not only gives a hint about the current economic condition but also impacts the sentiment of the market for the rest of the financial year. Business worth more than 25,000 crores has happened in Delhi alone. Still, there are 10 days left in the festival season, so the retail business can surpass the 1.5 lakh crores mark this year. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Oct 22, 2022
Business Tit-Bits: Is The RBI Overreacting???| Reserve Bank of India| FM Nirmala Sitharaman
"The Indian central bank likely sold dollars via state-run banks on Thursday after worries over surging U.S. Treasury yields pushed the local currency to a record low, traders told Reuters. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Oct 20, 2022
Business Tit-Bits: A Strong Dollar and The Weakening Rupee
"Dollar is strengthening incessantly. So obviously, all other currencies are performing against the strengthening dollar.," said FM Nirmala Sitharaman. In this episode of the Business Tit-Bits our Business editor Mr Akhilesh Bhargava share his take on the matter.
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Oct 14, 2022
Business Tit-Bits: Brickwork Walled By SEBI
Market regulator Securities and Exchange Board of India (SEBI) and banking regulator Reserve Bank of India (RBI) on Wednesday separately issued standard operating procedure for inter-operable regulatory sandbox in a bid to facilitate testing of innovative products falling within the regulatory ambit of more than one financial sector regulators. Financial products or service providers whose business models fall within the remit of more than one financial sector regulator such as RBI, SEBI, IRDAI (Insurance Regulatory and Development Authority of India), PFRDA (Pension Fund Regulatory & Development Authority) and IFSCA (International Financial Services Centres Authority) will be considered for the testing under Inter-operable Regulatory Sandbox (IoRS). In this episode of the Business Tit bits, our Business Editor Mr Akhilesh Bhargava shares his take.
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Oct 12, 2022
TAKEOFF vs LANDING| BUSINESS TIT BITS
TAKEOFF vs LANDING| BUSINESS TIT BITS|
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Oct 9, 2022
Business Tit-Bits: The Realities of Consumer Spendings
The nine-day Navratri festival, which concluded with Dussehra on Wednesday, has brought unexpected riches to retailers of consumer-facing firms despite persistently high inflation and rate increases by the Reserve Bank of India. In this episode of the Business Tit-Bits our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Oct 7, 2022
Business Tit-Bits: Will Interest Rate Hikes Work???
Four successive repo rate hikes by the Reserve Bank of India (RBI) have pushed up interest rates on home loans to the pre-pandemic levels of June 2019. Now, with interest rates at a three-year high of 8.1-9 per cent across categories, housing loans may be staring at a slowdown, after witnessing a 16.4 per cent rise in outstanding during the 12-month period ended August 2022. This has come on top of a 11.6 per cent growth in the year-ago period. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bharga shares his take.
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Sep 20, 2022
Business Tit-Bits: Has Lord Hanuman Awakened?
India and Saudi Arabia are expected to formulate a plan of action for strengthening bilateral cooperation in different areas and projects, including the west coast refinery project, an official statement said on Saturday.
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Aug 10, 2022
Business Tit-Bits: Let's Talk About Jobless Growth| Indian Economy| GDP
India’s jobless growth is a concern and there is a need to boost manufacturing to create employment on a mass scale and take advantage of the global factors. The government is creating jobs, but in the private sector it’s only happening in the lower end of the gig economy, according to Mahindra Group chairman Anand Mahindra. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Jul 30, 2022
Business Tit-Bits: IMF, Corporate Profits and MSME Closures
The International Monetary Fund (IMF) on Tuesday slashed India's economic outlook for financial year 2022-23 to 7.4%. The outlook has been revised down by 0.8 percentage point. The forecast is sharply lower than IMF's previous estimate of 8.2% for FY23. However, it is marginally higher than Reserve Bank of India's (RBI) latest estimate of 7.2% growth rate for FY23. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Jul 24, 2022
Business Tit-Bits: From Pause To Exit| FDI| US Investment |
The Biden administration must be alarmed by the recent decisions by several foreign corporations to either pull out of the Indian market or put their long-term plans on hold. The U.S. has, for years, hoped to assist India’s rise as a way of checking China’s growing power. But even though India is the world’s fastest growing major economy, its economic policies continue to disappoint American, European and Japanese officials and investors. In this episode of the Business Tit-Bits, our Business Editor Mr AKhilesh Bhargava shares his take on the matter.
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Jul 22, 2022
Business Tit-Bits: Currencies In Turmoil
"At present Currencies around the world were being pushed down by the dollar as countries sought to combat inflation by raising interest rates at the risk of entering a recession. Major global currencies such as the Euro, Pound, Yen, Australian Dollar, Swiss Franc, and New Zealand Dollar have fallen between 8 and 17 percent this year, according to Trading Economics data. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Jul 16, 2022
Business Tit-Bits: Start Ups, Pack Up
Amid a funding crunch globally, frugality and unit economics have become the buzz words among startups as they focus more on profitability and curtailing costs. Investors, founders and recruiters we spoke to said there will be a cost-cutting drive across startups amid increased investor scrutiny of money-guzzling business models. Marketing budgets are getting slashed, layoffs are becoming commonplace, founders and top management are taking pay cuts, and perquisites — that include free food at the workplace — are being taken away, at least at some startups for the time being.
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Jul 14, 2022
Business Tit Bits: Are We In Recession?
"Nomura has cut its 2023 forecast for economic growth in India, as measured by the gross domestic product (GDP), to 4.7 per cent from its earlier projection of 5.4 per cent amid recession fears and rising interest rates. In this episode of business tit bits our Business Editor Mr.Akhilesh Bhargava shares his take on the matter
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Jul 7, 2022
Business Tit-Bits: Chitra and The NSE COLO Scam |
Market regulator Sebi has penalised 18 entities, including the National Stock Exchange (NSE), its former managing director Chitra Ramkrishna and group president Ravi Varanasi, in the ‘dark fibre’ case. The Securities and Exchange Board of India (Sebi) has imposed penalties of Rs 7 crore on the NSE, and Rs 5 crore each on Ramkrishna and Varanasi. It also levied a fine of Rs 5 crore on former NSE group operating officer Anand Subramanian. Further, it slapped a fine of Rs 6 crore on Way2Wealth Brokers, Rs 5 crore on GKN Securities and Rs 3 crore on Sampark Infotainment. According to a Sebi order passed Tuesday, they have been asked to pay the total amount of penalty within 45 days. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Jun 28, 2022
Business Tit-Bits: How Good Is 7.5%???| GDP| Indian Economy
India’s real gross domestic product (GDP) is set to grow 7.5 per cent in the current fiscal year (FY23) and this will make it the fastest-growing major economy in the world, Prime Minister Narendra Modi said on Thursday, while virtually addressing the BRICS Business Forum. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
#GDP #PMModi #IndianEconomy #BRICS #HWNews
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Jun 21, 2022
Business Tit-Bits Monetary Policy Roller Coaster
RBI is confident of exiting from ultra-loose monetary policy smoothly and ensuring a soft landing for the economy, said Governor Shakikanta Das at a banking event, the FE Modern BFSI Summit on June 17. The governor "truly and sincerely" believes the Reserve Bank of India was in sync with the requirements of the economy, he said at an inaugural address at the FE Modern BFSI Summit. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
#MPC #RBI #ShaktikantaDas #BFSI #BusinessNews #FinanceNews #HWNews
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Jun 7, 2022
Business Tit-Bits: Foreign Funds Under The Scanner | Akhilesh Bhargava | CBI | FCRA | NGO
"The Central Bureau of Investigation (CBI) has named 10 non-government organisations (NGOs), including Omidyar, a US-based organization, as accused in the case of allegedly conspiring to illegally facilitate the registration and renewal of Foreign Contribution (Regulation) Act (FCRA) licences. FCRA is a mandatory requirement to receive foreign funds. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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May 30, 2022
Business Tit-Bits: India's Gambling Addas
In this episode of the Business Tit-Bits, our business editor Mr Akhilesh Bhargava shares his take on the matter.
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May 27, 2022
Business Tit-Bits: USA-India And The IPEF
U.S. President Joe Biden announced the launch of the Indo-Pacific Economic Framework (IPEF), which includes a dozen Indo-Pacific countries and is designed to provide a counterweight against Chinese economic clout in the region. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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May 24, 2022
Business Tit-Bits: Fuel Tax Cuts, Not Enough
The Centre on Saturday finally slashed excise duty on petrol and diesel by Rs 8 and Rs 6 per litre respectively. This will reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre. Taking to Twitter, Finance Minister Nirmala Sitharaman said, "It [Excise duty cut] will have revenue implication of around Rs one lakh crore/year for the government." In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter
#NirmalaSitharaman #Petrol #Diesel #Fuel #ExciseDuty #BJP #PMModi #BusinessNews #HWNews
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May 19, 2022
Business Tit-Bits: LIC IPO, A Hype and Hoax |
ife Insurance Corporation's (LIC) much-awaited initial public offering (IPO), India's biggest-ever listing, turned into a dull affair. The insurance company's shares were about 0.9% higher from their lacklustre debut close. LIC shares closed almost flat at ₹ 876.25 per share after ending at ₹ 875.45 on the BSE. The state-owned insurance giant LIC's shares closed nearly 8 per cent from its allotment price of ₹ 949 on its market debut on Tuesday. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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May 17, 2022
Business Tit-Bits: SBI's Numbers Don't Impress |
Country’s biggest state-owned lender, State Bank of India (SBI), on Friday reported 41.2 per cent year-on-year (YoY) rise in net profit at Rs 9,113.5 crore for the quarter ended March 31, 2022 (Q4FY22). The lender also announced dividend of Rs 7.10 per share. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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May 12, 2022
Business Tit-Bits: A Misleading FICCI Survey
In this episode, our finance editor Akhilesh Bhargava talks about the recent survey by the Federation of Indian Chambers of Commerce & Industry (FICCI) on Business confidence.
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May 10, 2022
Business Tit-Bits: The ED and Xiaomi
The Enforcement Directorate has slammed Chinese smartphone maker Xiaomi's claim - that its officers had threatened employees and their families with violence - as 'baseless'. The ED also rubbished Xiaomi claims that statements by its India employees were recorded 'under coercion' and that the charges - relating to violations of the foreign exchange act - were an 'afterthought'.In a statement issued Saturday the Enforcement Directorate stressed that it is 'a professional agency with strong work ethics, and there was no coercion or threat to the officers of the company at any point of time'.
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May 7, 2022
Business Tit-Bits: The Party Is Over
The Reserve Bank of India (RBI) in a sudden move on Wednesday raised the policy repo rate by 40 basis points (bps) to 4.4% and the Cash Reserve Ratio (CRR) by 50 basis points to 4.5%. Making an unscheduled announcement, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) of the RBI met in an off-cycle meet and decided to increase the policy rates to curb the rising inflation. Despite the rate increase, the RBI would maintain its ‘accommodative’ stance, even as the fundamentals of the Indian economy remained strong, he stated.In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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May 6, 2022
Business Tit-Bits: Adani Etc Buy, But Not Invest |
In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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May 4, 2022
Business Tit-Bits: HUL Results And GST Collections
Hindustan Unilever’s chief Sanjiv Mehta has spent 30 years at the fast-moving consumer goods (FMCG) giant and he’s worried – he said has not seen inflation of this kind before and has a warning for the government. The maker of Vaseline, Kwality Wall’s ice cream and Surf Excel is worried about the rise in inflation and the ongoing volatility across the world. Hindustan Unilever (HUL) is the oldest and the largest FMCG company in India and has dozens of brands under its name – brands which have been household names for a long, long time. In other news, the monthly collection under the Goods and Services Tax (GST) has peaked to an all-time high of Rs 1.68 lakh crore in April 2022, according to a statement by the Finance Ministry on May 1. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Apr 27, 2022
Business Tit-Bits: Connecting The Fraud Dots
In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take.
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Apr 21, 2022
Business Tit-Bits: 5% To 8% GST In 2023
"The GST Council in its next meeting may look at raising the lowest tax slab to 8 per cent, from 5 per cent, and prune the exemption list in the Goods and Services Tax regime as it looks to increase revenues and do away with states' dependence on Centre for compensation, sources said on Sunday. A panel of state finance ministers is likely to submit its report by this month end to the Council suggesting various steps to raise revenue, including hiking the lowest slab and rationalising the slab. Currently, GST is a four-tier structure attracting a tax rate of 5, 12, 18 and 28 per cent. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Apr 20, 2022
Business Tit-Bits: From February To April
In this episode of the Business Tit-Bits, our Business editor Mr Akhilesh Bhargava shares his take on the matter.
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Apr 16, 2022
Business Tit-Bits: Elon Musk's Hostile Tweet
Tesla chief Elon Musk has launched a hostile takeover bid for Twitter, insisting it was a "best and final offer" and that he was the only person capable of unlocking the full potential of the platform. Musk offered $54.20 a share, which values the social media firm at $43.4 billion, in a filing dated Wednesday April 13 with the Securities and Exchange Commission. So basically he offered to buy 100% of twitter, for $43 billions on Twitter itself. Just to give you a sense of how much $43Billion dollars are. Sri Lanka's debt are about the same or I would say a little over $43 billion dollars. and then this happened at one of the protests in Sri Lanka too. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Apr 8, 2022
Business Tit-Bits: India's Uncontrolled Corporates
In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
#India #Corporates #HWNews #NSE #chitraRamkrishna
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Apr 6, 2022
Business Tit-Bits: The HDFC Merger
In the biggest merger in the history of India Inc, mortgage firm HDFC Ltd will merge with HDFC Bank, creating a banking behemoth with a market capitalisation of Rs 14 lakh crore. After the merger, HDFC Bank will be 100 per cent owned by public shareholders, and existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank. Shareholders of HDFC Ltd will receive 42 shares of HDFC Bank (face value of Re 1 each) for 25 shares of HDFC Ltd of Rs 2 each — a ratio of 1:1.68. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Apr 4, 2022
Business Tit-Bits: White To Black and Black To White | Tax | Black Money | Swiss Bank | Hero
Business Tit-Bits: White To Black and Black To White
#Tax #BlackMoney #SwissBank #HeroMotoCorp #HWNews
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Apr 4, 2022
Business Tit-Bits: Cryptos...The Way Ahead| Crypto Tax| Bitcoin| Cryptocurrency
Cryptocurrency investors in India will have to pay tax under the new scheme for Taxation of Virtual Digital Assets from April 1. The Union Budget 2022-23 brought in clarity pertaining the levy of income tax on crypto assets. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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Mar 30, 2022
Business Tit-Bits: Anil Ambani Resigns...So What??
Reliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator SEBI order restraining him from associating with any listed company. ""Anil D Ambani, non-executive director, steps down from the board of Reliance Power in compliance of SEBI (Securities and Exchange Board of India) interim order,"" Reliance Power said in a BSE filing. In a separate filing to the stock exchange, Reliance Infrastructure said that Anil Ambani has stepped down from its board ""in compliance of SEBI interim order.
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Mar 30, 2022
Business Tit-Bits: UNEMPLOYMENT & THE PM’s HELICOPTER VIEW
In this episodes, our finance editor talks about rising unemployment in the country and analyses the steps taken by Modi government.
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Mar 30, 2022
Business Tit-Bits: When Will Growth Return???
In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take.
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Mar 30, 2022
Business Tit Bits: RUIAS GO SCOT FREE
In this episode, our finance editor Akhilesh Bhargava talks about DRT's dismissal of SBI’s plea against Ruias in Essar Steel personal guarantee case.
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Mar 30, 2022
Business Tit-Bits: Chinese Connects, PayTM Is Not The Only one
Payment giant Paytm's transaction processing arm Paytm Payments Bank was recently directed to not take on new customers over the company's failure to comply with rules about data. In addition, Paytm Payments Bank also didn't verify its customers properly, annual inspections by India's central authority the Reserve Bank of India found. It turns out that Paytm was also allowing its servers to share information with entities based out of China. These included ones that indirectly had a stake in Paytm Payments Bank. In this episode of the Business Tit-Bits, our Business editor Mr Akhilesh Bhargava shares his take on the matter.
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