Business updates

Business updates

Setback for Maruti Suzuki as India drops small car concessions in CAFE-III norms

A draft of the upcoming CAFE-III norms had proposed leniency for petrol cars weighing 909 kg or less—a carve-out widely seen as favouring Maruti Suzuki.>

RBI set to allow banks to lend directly to REITs in real-estate boost

Analysts say bank lending to REITs is risky as the real estate sector is prone to boom-bust cycles.>

RBI keeps repo rate at 5.25% after India US, EU trade deals boost outlook

A majority of the 39 economists surveyed by Bloomberg expected the RBI to keep its repo rate unchanged at 5.25%.>

Spotify, a Major Audiobook Provider, Will Soon Offer Physical Books

The streaming service is joining with Bookshop.org to appeal to readers who read in multiple formats.>

Health data must be objective, not an illusion: RightLife’s Adit Mukherjee

Mukherjee believes the health industry saw a market fit in preaching an approach, but that must change for a holistic one.>

Who is Indian-origin Balaji Krishnamurthy? Uber appoints MDI Gurgaon alum as CFO

Balaji Krishnamurthy, Uber’s current Vice President of Strategic Finance, will assume the role of its Chief Financial Officer on February 16.>

Boeing to cut around 300 defense supply chain jobs

Boeing Co is eliminating about 300 supply chain jobs from its defense division, and is notifying affected workers this week.>

Credits : HTimes