Redmi, Wipro, L&T Expansion, Apple Watch, Banking sector, Etc.

Author

Vaishali Sharma
July 10, 2024

From Startups to Giants: Covering All of India's Business in Less than 5 Minutes

Market Briefs

Main Briefs

RBI Deputy Governor: Banking Sector in Strong Shape to Fuel Economic Growth:

PC: The Econonic Times

  • Positive Outlook: The Reserve Bank of India's Deputy Governor stated that the banking sector is in strong financial health, capable of supporting economic growth.

  • Financial Stability: Banks have shown resilience and improved financial metrics, including better asset quality and higher capital adequacy ratios.

  • Growth Support: The robust financial health of the banking sector positions it well to lend support to the country's growth aspirations.

  • Regulatory Measures: Continuous regulatory measures and prudent lending practices have contributed to the sector's stability.

  • Economic Impact: A healthy banking sector is crucial for facilitating credit flow and driving economic development, especially in the post-pandemic recovery phase.

Indian Briefs, You Can’t Miss:

  1. Paytm Management Summoned by Labour Commissioner Amid Layoff Allegations.

  2. Redmi 13 5G Debuts in India Featuring 108MP Camera, Snapdragon 4 Gen 2.

  3. Non-Compete Lawsuits Settled by Wipro, Cognizant Agrees to $505k Payment.

  4. PM Modi Urged by Gaming Studios to Separate Video Games and RMG Definitions.

  5. Green Energy Set to Power Industrial Demand In-House, Says Eversource CEO.

  6. Bandhan Bank Unveils International Trade Facilitation Products.

  7. Gopal’s Sweets Commits Rs 150 Crore for Mohali Manufacturing Expansion.

  8. L&T Expands with Rs 183 Crore Acquisition of Siliconch Systems.

  9. UP Grants Maruti Advantage in Strong Hybrid Vehicle Market.

World Briefs

  • Apple Watch Series 10 to Feature Thinner Design, Larger Screen for Anniversary.

  • China-Based Microsoft Employees to Use Authenticator, Identity Pass on iPhones.

  • Dyson to Lay Off Up to 1,000 UK Employees Amid Restructuring.

AI Briefs

  • Alexa Co-Creator Unveils Unlikely AI’s Innovative Tech Strategy.

  • Humane Executives Depart to Start AI Fact-Checking Venture.

  • $6M Seed Funding for Enso to Introduce AI Agents to Small Businesses.

  • Dreamflare Launches AI-Generated Video Creation Platform.

  • AI Healthcare Startup by Arianna Huffington Gets OpenAI Funding.

  • AI-Powered Travel by Byway Encourages Scenic Journeys.

Company Of The Day

Company Name:  Boeing

PC: BBC

  • Founder: William E. Boeing

  • Year Of Foundation: 1916

  • Headquarter: London, England, United Kingdom

  • Industry:

    Boeing offers commercial, defence aeroplanes, space, security systems, and global services.

  • Why Is It in the News?

    Boeing has agreed to plead guilty to a criminal fraud conspiracy charge in order to settle a U.S. Justice Department investigation related to two fatal crashes involving the 737 MAX aircraft.