Crucial hour: Top Business news of 3rd April 2022

India’s GDP to grow 7.4% in 2022-23: FICCI Economic Outlook Survey:Business news

Industry body FICCI in a statement on Sunday also said that according to estimates provided by the Survey participants, global growth could slow by 50-75 basis points due to the conflict, further moderating the prospects of the post-COVID-19 recovery.

India's GDP to grow 7.4% in 2022-23: FICCI Economic Outlook Survey:Business news


“The latest round of FICCI’s Economic Outlook Survey puts forth an annual median GDP growth forecast for 2022-23 at 7.4 per cent — with a minimum and maximum growth estimate of six per cent and 7.8 per cent, respectively,” the industry body stated.

India on cusp of major economic recovery; talks of stagflation ‘overhyped’: Niti Aayog VC Rajiv Kumar

India is on the cusp of a major economic recovery and talks of possible stagflation are “overhyped” as a strong economic foundation is being laid with the reforms carried out by the government over the last seven years, Niti Aayog Vice Chairman Rajiv Kumar said on Sunday.

Business news India on cusp of major economic recovery; talks of stagflation ' overhyped': Niti Aayog VC - The Economic Times

Petrol, Diesel Prices Hiked Again, Delhi Rates Up By ₹ 8 In 13 days:News

Petrol and diesel prices were on Sunday again hiked by 80 paise a litre each, taking the total increase in rates in less then two weeks to ₹ 8 per litre.

Petrol in Delhi will now cost ₹ 103.41 per litre as against ₹ 102.61 previously, while diesel rates have gone up from ₹ 93.87 per litre to ₹ 94.67, according to a price notification of state fuel retailers.

Petrol Prices: दिल्ली में 100 के करीब पहुंचा पेट्रोल, मुंबई में 105 रुपये के पार हुए दाम - Here are the new rates of Petrol-Diesel in Delhi and Mumbai - Tez AajTak

Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation.

HDFC Bank loans grow by 21% y-o-y, deposits by 17%:News

Deposits grew by 17 percent on a year on year basis to Rs 15.59 lakh crore as on March 31. On a quarter- on- quarter basis, deposits grew by 7.8 percent, the bank said in a business update.

HDFC Bank's deposits grow 14% to Rs 11.32 lakh crore in FY21 - BusinessToday

As per the bank’s internal business classification, retail loans grew by around 15  percent over March 31, 2021 and around five percent over December 31, 2021.

Further, commercial and rural banking loans grew by around 30.5 percent over March 31, 2021 and around 10 percent over December 31, 2021. Also, corporate and other wholesale loans grew by around 17.5 percent over March 31, 2021 and around 11.5 percent over December 31, 2021.

Vodafone Idea introduces two new prepaid plans with 30 days and 31 days validity:News

After Reliance Jio and Airtel, telecom operator Vodafone Idea has now introduced prepaid plans with a validity of 30 and 31 days. The new development comes months after TRAI asked the telecom operators to include at least one prepaid plan that has the validity of 30 and 31 days.

Vodafone Idea Board Gives Good News to Investors

The plans that renew on the same date are called the Calendar Month Validity plans. If you opt for a calendar month prepaid plan, you can recharge your number in one go and the plans will get queued up.

Amazon Pay is working with NPCI to further simplify the UPI experience:News

Amazon Pay is among the top digital payments mode preferred by Indians with a large service area including recharges, money transfers, digital payments, ticket bookings acceptable across cities, towns and villages but still the UPI ecosystem has miles to go as Indians prefer cash over other modes of payments.

Amazon Pay India's loss widens to Rs 1,868.5 crore in FY20 | The Financial Express

Amazon Pay is working to address the gap and challenges with its services such as BNPL to get more people onboard this digital fin-tech revolution. 

What is common between RRR and India’s economy? Piyush Goyal answers

Union Minister Piyush Goyal on Sunday took an interesting take on India’s economy. “I feel India’s economy is also breaking record after record”, the union minister said at a press conference.

What Is Common Between RRR And Indian Economy Explains Piyush Goyal Ann | देश की अर्थव्यवस्था और फिल्म RRR में क्या है कनेक्शन? केंद्रीय मंत्री पीयूष गोयल ने कही बड़ी बात

During a press conference, the Union Minister for Commerce said that India’s economy is also breaking ‘record after records’ as India’s export figure reached $418 bn for Financial Year 2021-22.

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