India’s GDP is likely to see a positive growth for March quarter after a contraction of 24% was recorded for June quarter due to lockdown. GDP contractions to be reported in the March quarter are said to be in single digits due to various long and short term investments made by investors.
Six days before month ends FII has already brought equities worth RS 50,501.74 Cr, another 4 thousand worth equities were brought on Tuesday letting Indian markets creating new highs. The investment made is reported to highest in past two decades
Google holds total of 7.73% of shares in Jio after investing Rs 33,737 Cr in the Jio Platform. Jio has raised it’s investment amount to total of Rs 1.52 lacs after selling 33% of stakes to 13 financial institutions in merely 11 weeks.
To boost economic growth, government employees of autonomous bodies of central government are set to receive a festival advance, it will be offered to employees via a pre-loaded Rupay card issued by SBI. The amount loaded on the card is worth is Rs 10000 stated to be interest free and to be paid back to government in no more than 10 instalments.
After successful trials of vaccine for coronavirus, Serum Institute of India stated that a minimum of 100 million will be made available by January. Each dose will be priced at Rs 250 for government and will be Rs 1000 if purchased privately. The priority for the vaccine is to given to frontline and health workers when the vaccine comes initially as stated by PM.
Tej an AI enabled application for jewellery business in the country, the application is a joint venture of IBM and Emerald Jewellery attraction 200 dealers making a catalogue of almost 5 lac designs to choose from.