Crucial hour: Top Business news of 30th March 2022
Business news:Axis Bank set to acquire Citi’s consumer business in India, announcement today
Private sector lender Axis Bank is likely to announce on Wednesday a deal to acquire Citibank’s consumer business in India, said a person aware of the development.
As on 31 March 2021, Citi had loans worth ₹68,747 crore in India and deposits of ₹1.66 trillion. Its total number of credit cards stood at 2.55 million in February, as per data from the Reserve Bank of India (RBI).
The Kashmir Files’ box office: Vivek Agnihotri-directorial paces towards Rs 250 cr:News
starrer The Kashmir Files has maintained a steady pace at the box office ever since the release of RRR. The Vivek Agnihotri-directorial raked in a total of Rs 234.03 crore as on Tuesday, as per film critic and trade analyst Taran Adarsh.
The film raked in Rs 2.75 crore on Tuesday, Rs 3.10 crore on Monday, Rs 8.75 crore on Sunday, Rs 7.60 crore on Saturday and Rs 4.50 crore on Friday.
Adarsh tweeted, “The Kashmir Files [Week 3] Friday Rs 4.50 crore; Saturday Rs 7.60 crore; Sunday Rs 8.75 crore; Monday Rs 3.10 crore; Tuesday Rs 2.75 crore. Total: Rs 234.03 crore. India business. ALL TIME BLOCKBUSTER.”
Apple is not going to repair iPhones that have been marked stolen or lost:News
Apple is not going to repair iPhones that have been marked as lost or stolen on the GSMA Device Registry. All Apple Store employees and Apple Authorized Service Providers have been asked to deny repairs to users who bring in iPhones that have been marked as missing or lost in the MobileGenius or GSX systems.
According to MacRumours, the company has sent an internal memo to the employees who work at Apple Stores and at Apple Authorized Service Centres that mentions that Apple is going to now use the GSMA Device Registry database to check if an iPhone brought in for repairs is marked as stolen or lost before they proceed for repairs. If the iPhone in question has been “reported as missing” on that database, the technicians in both the centres must deny repairs.
RRR’ box office collection: Rajamouli’s film overtakes Kashmir Files, Gangubai:Business news
Junior NTR and Ram Charan-starrer RRR has set the cash registers ringing as it crossed the Rs 100 cr-mark at the domestic box office on Tuesday. The film raked in Rs 15.02 crore on Tuesday, Rs 17 crore on Monday, Rs 31.50 crore on Sunday, Rs 24 crore on Saturday and Rs 20.07 crore on Friday. RRR has collected Rs 107.59 crore as on Tuesday, according to film critic and trade analyst Taran Adarsh.
tweeted, “RRR feveRRR grips mass circuits… SupeRRRb hold… Will cross lifetime business of Rajamouli’s first Blockbuster Baahubali [Hindi] in Week 1… RRRacing towards Rs 200 crore… Friday Rs 20.07 crore; Saturday Rs 24 crore; Sunday Rs 31.50 crore; Monday Rs 17 crore; Tuesday Rs 15.02 crore. Total: Rs 107.59 crore. India business.”
Govt does not understand crypto, hence the strict regulations: Priyanka Chaturvedi,News
During the parliamentary proceedings on the Union Finance Bill 2022, Shivsena MP Priyanka Chaturvedi asked the government to rethink the recently introduced crypto tax regime.
Chaturvedi started her address by pointing out the fact that the government has not provided any clarity on the legal status of cryptocurrencies in India, yet they have introduced a flat 30 per cent tax and TDS on cryptocurrencies.
The Shivsena MP went on to say that the government does not understand cryptocurrency and Web3 and hence has taken an antagonistic stance.
BIMSTEC summit: PM Modi calls for greater regional security, cooperation:Business news
Speaking during a virtual address at the BIMSTEC summit, PM Modi said, “The recent developments in Europe have raised questions about the stability of the international order.”
Prime Minister Narendra Modi said on Wednesday that regional security, as well as cooperation, has become very important now as the ongoing Russia-Ukraine war has “raised questions about the stability of the international order.
No Medicines, 10-Hour Power Cuts: Sri Lanka Nightmare Gets “A Lot Worse”
A critical lack of foreign currency has left Sri Lanka unable to pay for vital imports, leading to dire shortages in everything from life-saving medicines to cement, Business news
As Sri Lankans faint in day-long queues for fuel and swelter through stifling evening blackouts by candlelight, anger is mounting over the worst economic crisis in living memory.
A critical lack of foreign currency has left the island nation unable to pay for vital imports, leading to dire shortages in everything from life-saving medicines to cement.
Long lines for fuel that start forming before dawn are forums for public grievances, where neighbours complain bitterly about government mismanagement and fret over how to feed their families as food prices skyrocket.
“I’ve been standing here for the past five hours,” Sagayarani, a housewife, told AFP in Colombo while waiting for her share of kerosene, used to fire the cooking stoves of the capital’s poorer households.
Odisha Finance Minister presents Interim Budget 2022-23 in Assembly:News
The Odisha Finance Minister Niranjan Pujari presented the Interim Budget today i.e. Dt. 30th March 2022 Wednesday in the Assembly. This Interim Budget is for 4-months that is April to July, 2022. The Total Budget Outlay is Rs 1,06,498 crore 2022-23. The total outlay for 2022-23 would touch Rs 2 lakh crore for the first time. Rs 2 lakh crore 2021-22 Budget Outlay was Rs 1.70 lakh crore while the state economic growth rate in 2022-23 is estimated to be 9%-9.5%.