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Today’s Business Events, Share Market, Petrol Diesel, Gold Silver, Retail Inflation, UPI | Retail inflation eases to 5.1% in January: UPI launched in Sri Lanka, Mauritius, RBI governor says – ‘no chance’ to review Paytm Pi News

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  • Indian News
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  • Today’s Business Events, Stock Market, Petrol Diesel, Gold Silver, Retail Inflation, UPI

New Delhi9 minutes ago

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The big news yesterday had to do with retail inflation. Retail inflation in India fell to 5.1% in January 2024. This is the lowest level of inflation in three months. Earlier, inflation in December 2023 was 5.69%. Prime Minister Narendra Modi has launched UPI, the ‘One Payment Interface’ service, in Sri Lanka and Mauritius.

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Before tomorrow’s big news, catch up on today’s highlights…

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  • On Tuesday (February 13), an increase in the stock market can be observed.
  • Third quarter results of ZEE, ONGC, Inox India and IRCTC are coming.
  • Vibhor Steel Tubes Private Limited’s IPO opens today.
  • Even now, the price of petrol and diesel has not changed.

Now for tomorrow’s big news…

1. Retail inflation fell to 5.1% in January: This was due to lower food prices, which was 5.69% in December.

Retail inflation in India fell to 5.1% in January 2024. This is the lowest level of inflation in three months. Earlier, inflation in December 2023 was 5.69%. It was 5.55% in November, 4.87% in October and 5.02% in September. Inflation has come down due to lower food prices.

In January, vegetable prices decreased compared to December. The inflation rate of vegetables fell to 27 percent from 27.6 percent in January. On the other hand, the inflation rate of fuel and electricity stood at -0.60% as against -0.77% in December.

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2. UPI launched in Sri Lanka and Mauritius: Indian tourists will be able to make UPI payment here, the service started in France from February 2.

Prime Minister Narendra Modi has launched UPI, the ‘One Payment Interface’ service, in Sri Lanka and Mauritius. Citizens of India traveling to Sri Lanka and Mauritius as well as citizens of Mauritius traveling to India can avail it. Recently, UPI service was also launched in France.

Speaking at the launch, Prime Minister Modi said, “India’s UPI is now taking on a new responsibility – to bring together partners with India.” The President of Sri Lanka Ranil Wickremesinghe and the Prime Minister of Mauritius Pravind Jugnauth and the heads of the Central Bank of the three countries also took part in the program held via video conference.

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3. ‘No chance’ for Paytm review: Shaktikanta Das says RBI takes decisions very thoughtfully, customer interests come first.

Reserve Bank of India Governor Shaktikanta Das on Monday made it clear that there is “almost no chance” of taking action against Paytm Payments Bank (PPBL). Shaktikanta Das said the RBI takes decisions very thoughtfully. If we take action against someone, we will talk with him for months and years. If no changes are seen, action is taken.

A period of one month has been given so that customers do not face any inconvenience. The interests of consumers come first. The RBI Governor has said that he will ask some frequently asked questions on the Paytm issue this week.

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4. SpiceJet lays off 1,400 employees: The cost-cutting airline expects to save ₹100 crore a year from layoffs

Cash-strapped SpiceJet Airlines plans to lay off 10-15 percent of its total workforce, around 1,400 employees, as part of a cost-cutting drive. The airline announced this on Monday (February 12).

“Following the recent fund infusion, SpiceJet has initiated a number of measures as part of our restructuring and cost reduction strategy,” a SpiceJet spokesperson said. It aims to achieve profitable growth and position itself to take advantage of opportunities in the Indian aviation industry. Through this initiative, we expect to save up to 100 million rubles per year.

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5. Paytm Payments Bank Independent Director Manju Aggarwal Resigns: With the news of another director Shinjini Kumar leaving the board, now there are only three directors left.

Paytm Payments Bank Limited (PPBL) Independent Director Manju Aggarwal has resigned from the board. One97 Communications confirmed the news of his resignation on Monday (February 12). Last week there were reports in the media that PPBL board members Shinjini Kumar and Manju Aggarwal have resigned from the board. However, the company has not yet said anything about Shinjini Kumar’s resignation. Manju Aggarwal resigned from the board on February 1 due to personal reasons, One97 Communications said in a filing.

This will not affect the company’s operations or business. After Manju’s resignation, PPBL now has four independent directors on the board. If reports of Shinjini Kumar leaving the board are correct, only 3 members will remain on the board. These include former Punjab and Sindh Bank executive director Arvind Kumar Jain, former Accenture MD Pankaj Vaish and former DPIIT secretary Ramesh Abhishek. According to the report, Aggarwal has been at the helm of the company since May 2021.

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6. Maruti Suzuki will bring a flying car, the first model will arrive in 2025: Takeoff and landing will be done from the roof of the house, three people will be able to sit.

The country’s largest car maker, Maruti Suzuki, is gearing up to launch a flying electric car in partnership with its parent company, Suzuki Motor Corporation (SMC). This electric air copter can fly from the roof of the house and land there.

According to media reports, Kento Ogura, assistant manager of SMCL’s global vehicle planning department, said that a partnership has been established with Japanese startup Skydrive to develop the flying car. It might be called Skydrive. This electric hovercraft, a flying machine, is larger than a drone but smaller than a conventional helicopter. It can seat three people, including the pilot. It can be used as an electric flying taxi service in cities.

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Read the news you need now…

Opportunity to invest in sovereign gold bond: 1 gram gold price is 6263 rupees, you can invest money till February 16

The government is once again giving you the opportunity to invest in sovereign gold bonds (SGBs). Under the Sovereign Gold Bond Scheme 2023-24, there will be an opportunity to invest in gold from February 12 to 16. RBI fixed the price of sovereign gold bonds at Rs 6,263 per gram.

The Government of India has also decided to give a discount of Rs 50 per gram on the fixed price to investors who apply online and pay digitally, on the recommendation of the Reserve Bank. The RBI said the price of the gold bond for such investors would be Rs 6,213.

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Also see who were the 10 richest people in the world yesterday…

Find out about tomorrow’s stock market and gold and silver…

Know the latest prices of petrol, diesel and non-subsidized gas cylinders…

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