The World Opinion

Category: Economy

  • RBI Revises Timeline For Government Treasury Bill Auctions | Economy News

    New Delhi: The Reserve Bank of India (RBI) has announced a revised schedule for the auction of Government of India treasury bills. As part of this update RBI has reduced the amount of treasury bills being sold. Further, a new selection of bonds has been introduced for the government’s buyback operations.

    “The Reserve Bank of India, in consultation with the Government of India, will have the flexibility to modify the notified amount and timing for auction of Treasury Bills depending upon the requirements of the Government of India, evolving market conditions and other relevant factors, after giving due notice to the market,” the RBI stated. (Also Read: Stock Market Special Session Today, Sensex Jumps 120 Points)

    It further added, “Thus, the calendar is subject to change, if circumstances so warrant, including for reasons such as intervening holidays. Such changes, if any, will be communicated through press releases.” (Also Read: Wipro COO Amit Choudhary Resigns; Sanjeev Jain To Take Over)

    What are T-bills?

    T-bills are short-term debt which are issued by the Government of India to cover its short-term borrowing needs. They are highly liquid and are considered safe investments as they are backed by the government. T-bills come with three different maturity periods with 91 days, 182 days, and 364 days options.

    T-bills are sold at a discount to their face value which means that they are sold for less than their nominal value. The return for investors is the difference between the purchase price and the face value.

  • Full Emergency Declared At Delhi’s IGI Airport After Fire Scare In Bengaluru-Bound Air India Flight | Aviation News

    At approximately 5:52 p.m on Friday, a state of full emergency was declared at Delhi’s Indira Gandhi International (IGI) Airport due to a reported fire in the air conditioning unit of Air India flight 807, which was en route from Delhi to Bangalore. The flight, which carried 175 passengers, landed safely around 6:38 p.m. According to reports, the suspected fire in the air conditioning unit triggered the declaration of an emergency. An airline official told PTI that they are making alternative arrangements for passengers to continue their journey to Bengaluru.

    Officials from Delhi Fire Services stated that they dispatched three fire tenders in response to the situation. “We received a call from IGI Airport at 6.15 p.m. about a fire. A DFS official stated, “We pressed three fire tenders into service.”

    This incident occurred just days after the Delhi airport and several hospitals in the national capital received bomb threats via email. The chief of Delhi Fire Services stated that they received a call about a bomb threat at the IGI Airport around 6.15 p.m. “We received a call around 6.15 p.m. regarding a bomb threat at IGI Airport. Fire trucks have been dispatched to the scene,” Garg stated.

  • Real Estate Sector To Contribute 15% To India’s GDP By 2050: NAREDCO President | Real Estate News

    Indian real estate is rebounding and there is no doubt that it’s an important contributor to the country’s economy. While the sector is likely to touch a market size of $1 trillion by 2030, its contribution may increase to 15% to the country’s GDP by 2050, feels G Hari Babu, National President of NAREDCO. The 3-day real estate workshop is jointly organised by The National Real Estate Development Council (NAREDCO), under the aegis of the Ministry of Housing & Urban Affairs, and Delhi RERA.

    Addressing the participants at the inaugural workshop at the 2nd Management Development Programme, ‘RERA & REAL ESTATE ESSENTIALS’, he said, “With a current market valuation of 250 billion dollars, the real estate sector is with the expected growth rate of 16-17% will almost contribute around 15% to the country’s GDP by 2050. Among other things, this industry requires a large number of trained professionals considering its size, time and value involved.”

    Anand Kumar, Chairman, NCT of Delhi RERA said, “Real estate is a dynamic sector and the pace of change has only accelerated in the last few years and by imparting transparency to the sector, RERA has a big role to play in this. However, despite all the efforts, people are not aware of the provisions and guidelines of RERA. This workshop is a step in that direction. Further, we not only need to understand the gradually evolving landscape but also equip realty professionals with the right knowledge, foster professionalism and instil the culture of compliance among all stakeholders involved.”

    Harsh Bansal, President of Delhi NAREDCO said that the real estate and construction sector is not only the second largest employer in the country but also contributes significantly to its GDP.

  • Maruti Swift Vs Baleno Comparison Know Price Features and specs

    Should I Buy a Maruti Swift Or Baleno? This question may bother new buyers as the price gap between the two is reduced with the launch of 4th-gen 2024 Maruti Swift. However, the Swift has always been pricier than the competition, and this time it gets very close to the Baleno, which is a segment above in the premium hatchback segment and retailed via Maruti’s Nexa dealerships. Whereas, the Swift is being sold through the Arena dealership. Well, let’s find out which one offers better value for money.

    Dimensions

    The new Swift is shorter and narrower but stands taller than the Baleno. Specifically, the Swift measures 3860mm in length, 1735mm in width, and 1520mm in height, while the Baleno is 3990mm long, 1745mm wide, and 1500mm tall. 

    The Baleno also has a longer wheelbase at 2520mm compared to the Swift’s 2450mm. In practical terms, the Baleno outshines the Swift with more space in the cabin and a larger boot capacity of 318 litres versus the Swift’s 265 litres. 

    Features

    The Swift has been significantly updated with new features, sharing almost all features with the Baleno. Both cars come equipped with a leather-wrapped steering wheel, a 9-inch touchscreen infotainment system, wireless Android Auto and Apple CarPlay, automatic climate control, automatic headlights with follow-me-home function, and electrically adjustable ORVMs with auto-fold feature.

    However, the Swift includes a wireless charging pad, which the Baleno lacks, while the Baleno features a Head-up display, absent in the Swift.

    Engine

    Under the hood, the Swift boasts a new 1.2-litre 3-cylinder Z-series petrol engine producing 81 bhp and 112 Nm of torque, while the Baleno is powered by a 1.2-litre 4-cylinder K12 petrol engine delivering 89 bhp and 113 Nm of torque. 

    Both models come with a 5-speed manual or 5-speed automated manual transmission (AMT). The Baleno’s engine delivers better power and torque, whereas the Swift’s Z-series motor promises superior fuel efficiency of 25.75kmpl (claimed), which is higher than the Baleno’s 22.94 km/l.

    Additionally, the Baleno offers a CNG variant with an impressive 30.61 km/kg efficiency. Overall, the Swift offers better fuel economy, while the Baleno provides more power and torque.

    Price & Verdict

    Ultimately, the choice boils down to whether the owner prioritizes performance or fuel economy. Swift is more affordable than the Baleno. The base-spec Baleno is Rs 17,000 more expensive than the corresponding new-gen Swift and the top-spec Baleno is Rs 39,000 dearer than the top-spec Swift, resulting a negligible price gap, the Baleno makes better sense to opt.

  • Ola Cabs CFO Karthik Gupta Resigns After Seven Months Into Role | Companies News

    New Delhi: Ride-hailing platform Ola Cabs has witnessed another top-level exit as the Chief Financial Officer (CFO) of ANI Technologies (the parent firm) Karthik Gupta has stepped down seven months after taking charge. Gupta’s exit comes two weeks after the company’s CEO Hemant Bakshi quit.

    According to the company, Gupta’s departure is part of an “ongoing restructuring” process. “As part of an ongoing restructuring, Ola Mobility CFO Karthik Gupta has stepped down from the company. This restructuring is aimed at productivity enhancement in an AI-led era that is redefining the cab-hailing industry globally,” an Ola spokesperson told IANS. (Also Read: Microsoft Asks 700-800 Employees In China To Relocate Amid US-China Tensions)

    The spokesperson also said that the restructuring process will allow Ola to “strengthen cost structures, focus on growth and increase its bottom line”. According to his LinkedIn profile, Gupta joined Ola Cabs seven months ago and was in charge of financial strategy, growth, regulatory compliance, tax, treasury, and investor relations. He spent over 17 years as Procter & Gamble’s Vice President and regional CFO for Asia Pacific, the Middle East, and Africa before joining Ola. (Also Read: PhonePe Users Can Now Make Payments Through UPI In Sri Lanka; Collaborates With LankaPay)

    Last month, the ride-hailing platform announced job cuts. Ola founder Bhavish Aggarwal addressed staff in a letter about a restructuring exercise to improve profitability and prepare for future growth. The restructuring process will reportedly affect at least 10 per cent of the company’s workforce. Meanwhile, the company has appointed Ola founder’s brother Ankush Aggarwal as the Chief Executive Officer of Ola Financial Services.

  • Citroen Collaborates With OHM E Logistics, To Supply 1,000 Units Of e-C3 EVs

    The two companies have signed a Memorandum of Understanding (MoU) to introduce the e-C3 into the electric shared mobility services of OHM E Logistics and the 1,000 units of Citroen e-C3 will be delivered over 12 months.
     

  • Maruti Suzuki Swift Drive Review know price Mileage and performance

    Maruti Swift Drive Review: Ever since the Maruti Suzuki Swift was launched in 2005, it’s been a remarkable success. People have loved this hatchback carrying sporty DNA for a very long period. Now, it has entered into its 4th generation, most interestingly with a brand new 1.2-litre, 3-cylinder, Z-Series petrol engine. I (Lakshya Rana) drove the new 4th generation Swift and here is what are my findings.

    Engine Performance

    The new 1.2-litre 3-cylinder Z Series petrol engine makes its debut in India with the new Swift. While the power figures might seem slightly lower on paper (down by 8 bhp and 1 Nm), there’s more to discuss. The Z Series engine’s secret weapon is its focus on low-end torque. 

    With 111.7 Nm, it offers a usable torque and punchier feel at lower speeds. This translates to a peppier ride, especially in city traffic conditions. It pulls confidently from low speeds, keeping fuel efficiency in check. 


    The engine stays pleasantly quiet until 2,000 rpm, but noise levels pick up afterwards. It shines in city driving with its strong low-end torque. However, stumbles a bit on the highway or during high-speed overtaking due to a lack of mid-range power. 

    This might not bother most urban users who prioritize fuel efficiency. It offers almost 26 kmpl mileage (Claimed). The engine offers ample power and torque for a relaxed driving experience, especially with a light and easy-to-use clutch.

    The light hydraulic clutch and smooth-shifting 5-speed manual gearbox make maneuvering a breeze. Gear ratios remain unchanged with short throw shifter.

    Ride & Handling

    Its gets a new suspension setup, which prioritizes a smooth ride, soaking up bumps and dips with ease (over the previous Swift). However, on particularly rough roads, bumps are still noticeable. 

    Thankfully, Maruti hasn’t compromised on the Swift’s renowned handling. The car stays planted through corners, with plenty of grip and minimal body roll. It is still a fun-to-drive hatch.

    The updated steering wheel feels more substantial with much-needed weight. It’s precise and responsive at both high and low speeds, allowing for effortless city maneuvers and confident highway driving.

    Design, Cabin & Features

    It retains the Swift’s signature silhouette and commands attention with bold stance. It front facia features smoky LED projector headlamps, boomerang LED DRLs, a glossy black front grille and LED fog lamps, which looks good with overall design.

    At the side profile, a character line exudes a sense of dynamism, along with 15-inch precision-cut two-tone alloy wheels that complement the profile. New LED taillamps and a protruding bumper give it a sporty feel at the rear. A rear parking camera is also there.

    Overall, the Fit finish and material quality is decent. The all-new Swift’s cabin comes with ‘centre floating design’ for the dashboard. Its driver-oriented dashboard has a tilt of 8-degree to creates a harmony between the driver and the car. 

    Cabin is equipped with a flat-bottomed steering wheel, a 9inch Smartplay Pro+ infotainment system With wireless Apple CarPlay & Android Auto, a 4.2-inch MID with turn-by-turn navigation, cruise control, keyless entry & wireless phone charger.

    It gets the Type A & C USB ports for rear seat occupants, rear AC vents, 6 airbags & 60:40 rear split seats. The cabin continues to offer decent leg and headroom, not only for front seats but for rear passengers as well. It can get a bit tight if three adults sit at the rear seat.

    Price & Verdict

    Swift is a bit more expensive (Starting from Rs 6.49 lakh, ex-showroom) than its competition. But, it has always been that way and able to attract buyers. By retaining its driving experience and youthful looks, swift returns up to 25.75 kmpl (ARAI figure) mileage, which is absolutely fantastic.

  • TVS Expands Global Footprint, Launches Operations In Italy | Mobility News

    TVS Launches Operations In Italy: World’s fourth-largest two and three-wheeler manufacturer and third in market capitalization, TVS Motor Company (TVSM) has launched its operations in Italy. The company will introduce a selection of its thermic (gasoline-powered) and electric Two-wheelers (scooters and motorcycles).

    Now, TVS Motor Company is expanding its operations in Italy via its branch office, TVS Motor Italia, headed by Giovanni Notarbartolo di Furnari, who has extensive experience from senior managerial roles in major automotive companies in Italy, Latin America, the UAE, and Europe.

    This significant move marks a major expansion for the company, solidifying its position as a key player in the international market. TVS Motor already markets its products in 80 countries.

    Commenting on the company’s Italian launch, Sharad Mohan Mishra, President, Head Group Strategy, at TVS Motor Company said, “Our move into Italy is a strategic step towards our global ambitions. We are eager to introduce Italian consumers to our vehicles.” 

    Speaking on the launch, Giovanni Notarbartolo di Furnari, Director, TVS Motor Italia, said, “Our focus will be on two fundamental pillars: product quality and customer satisfaction.” 

    “In establishing a branch office and by offering a broad suite of products, both thermic and electric, TVS Motor has underlined its confidence and long-term strategy for the Italian market”, he said.

    TVS Product Range For Italy

    The initial offering includes a diverse range of vehicles to cater to different needs and preferences. TVS Motor Company will sell its Apache 310 Series (RR and RTR versions), Ronin 250, Raider, NTORQ, Jupiter 125, and TVS iQube in Italy. iQube stands as TVSM’s flagship electric two-wheeler, launched in 2020.

  • Sensex Slumps 117 Points, Nifty Holds 22,200 Amid Profit Booking | Markets News

    New Delhi: Indian equity benchmarks closed in red on Wednesday, following profit booking and sideways trading among global peers. At closing, Sensex was down by 117 points or 0.16 per cent, at 72,987 points and the Nifty was down by 17 points or 0.08 per cent, at 22,200 points.

    Midcap and smallcap stocks outperformed benchmarks. The Nifty midcap 100 index was up by 482 points or 0.96 per cent, at 50,707 points and the Nifty smallcap index was up by 94 points or 0.58 per cent, at 16,457 points. Among the sector indices, PSU bank, pharma, metal, realty, energy, infra, PSE, healthcare, and oil & gas were settled in the green mark. On the contrary auto, IT, fin service, media and private banks remained in the red. (Also Read: Good News For SBI Customers! SBI FD Interest Rates Hiked Effective Today; Check SBI Latest Fixed Deposit Rates)

    In the Sensex pack, 14 out of 30 stocks closed in the green mark, and 16 stocks closed in the red mark. Bharti Airtel, Power grid, NTPC, L&T, Axis Bank, M&M and HCL tech were major gainers. Asian Paints, Tata Motors, HDFC Bank, JSW Steel, Sun Pharma, HUL, and Nestle were major laggards. (Also Read: New Zealand Probes Indian Spice Brands Over Contamination Concerns)

    “The BankNifty index experienced sideways trading during the weekly expiry day, encountering resistance at the 48000 level. To sustain the upward momentum, the index must decisively surpass this mark, targeting levels around 48500,” according to Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities. “On the downside, support is positioned at 47200, presenting favourable buying opportunities on dips toward this level,” he added.

  • How Are Dash Cams Useful During Insurance Claims? Expert Explains

    According to Mr. Vanesh Naidoo, Founder and Director, SafeCams, ” Dashcam footage can serve as crucial evidence during insurance claims.