- Thursday, March 13, 2025
By: Shubham Ghosh
HERE are some news in brief about Indian economy and business for Thursday, July 7, 2022:
Reserve Bank of India’s measures to boost foreign fund inflows should have positive impact, says Indian economic affairs secretary: The measures announced by India’s central bank on July 6 to encourage foreign fund inflows should have a positive impact, with early signs that pressure on the rupee’s exchange rate is easing, the country’s economic affairs secretary Ajay Seth said on Thursday, Moneycontrol reported. “The RBI has taken massive measures. And you would have seen that in the overseas NDF (non-deliverable forwards) market, the rupee has appreciated. So it has caused impact on sentiment as well as we see it will having positive impact on flows as well,” Seth said.
South Korean sStart-ups such as ‘Krafton’ eager to invest in India, says Seoul’s envoy: Besides big companies such as Samsung, LG and Kia, some newly-born South Korean start-ups like PUBG maker ‘Krafton’ will also be eager to invest in India and cooperate with Indian companies, South Korea ambassador to India Chang Jae-bok said on Thursday. The envoy, who was in Bengaluru in the southern Indian state of Karnataka on the day, led a high-level delegation to meet state chief minister Basavaraj Bommai in the presence of state industries minister Murugesh R Nirani and also addressed the ‘Korea-Karnataka Economic Cooperation Forum’ summit, the Press Trust of India reported.
Indian finance minister Nirmala Sitharaman to meet heads of banks; to review performance, governance reforms in regional rural banks: Indian finance minister Nirmala Sitharaman was set to hold a review meeting with the heads of public sector lenders on Thursday to review the progress of various government schemes related to agriculture and allied sectors. The meeting is also expected to review governance reforms in regional rural banks, Moneycontrol reported.
Kalyan Jewellers reports strong revenue growth in June quarter: Kerala-based jewellery retailer Kalyan Jewellers on Thursday said it witnessed continued momentum in both footfall and revenue across all its markets in India and the Middle East in the first quarter of the current financial year, PTI reported. “We witnessed consolidated revenue growth of over 105 per cent in the first quarter of FY23, compared to the same period in the previous financial year,” Kalyan Jewellers said in a release.
Akasa Air gets air operator certificate from Indian civil aviation regulator DGCA, to start operations this month: Akasa Air, backed by Indian billionaire Rakesh Jhunjhunwala, on Thursday received its Air Operator Certificate (AOC) from the country’s civil aviation regulator Directorate General of Civil Aviation (DGCA). The company is slated to commence its commercial operations later this month. “This is a significant milestone, enabling us to open our flights for sale and leading to the start of commercial operations,” the airline tweeted.
Santosh Shukla is the new CEO of British Organization World Book of Records: Santosh Shukla, senior advocate of the Supreme Court of India, has taken over as the new chief executive officer (CEO) of the British Organization World Book of Records. He was recently appointed by the organisation’s Central Working Committee, PTI reported. The World Book of Records has completed 5 years of its successful journey and is set to pave the new phase of other success stories in the next five years.
Former NITI Aayog CEO Amitabh Kant to become India’s G20 Sherpa: Amitabh Kant, former CEO of India’s government think-tank NITI Aayog will be India’s new G20 Sherpa as the country’s commerce minister Piyush Goel will give up his position because of other pressing duties, sources familiar with the matter said, Asian News International reported.
Confederation of Indian Industry (CII) certifies ABB India as a responsible export organization: The Confederation of Indian Industry – Institute of Quality (CII-IQ) has awarded the ‘Responsible Export Organization’ compliance certificate to ABB India’s Electrification Distribution Solutions (ELDS) business, ANI/BusinessWire India reported.
Azure Power becomes India’s first renewable energy company to be SA8000-certified: Azure Power, a leading sustainable energy solutions provider and renewable power producer in India, announced that it has been awarded SA8000:2014 certification, an international standard for social accountability. Azure Power is the first Renewable Energy company in India to have been awarded this certification, ANI/PRNewswire reported.
