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On June 22, IKEA will open its first city store in Bengaluru

Unique Times May 31, 2022 0

The Swedish home furnishings retailer IKEA India (part of the Ingka Group) announced on Tuesday that its first store in the city will open on June 22. According to a statement, the large-format store will be connected to the Nagasandra metro station. Anje Heim has been appointed as the Market Continue Reading

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India’s economic growth forecast for 2022 has been slashed by Moody’s to 8.8%

Unique Times May 27, 2022 0

Moody’s Investors Service cut India’s economic growth forecast for 2022 from 9.1 percent to 8.8 percent on Thursday, citing high inflation. High-frequency data suggests that the growth momentum from December quarter 2021 carried over into the first four months of this year, according to Moody’s Global Macro Outlook 2022-23. In the months ahead, however, Continue Reading

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Tamil Nadu Minister Slams Nirmala Sitharaman’s “Shameless Hypocrisy”

Unique Times May 24, 2022 0

Palanivel Thiagarajan, the Finance Minister of Tamil Nadu, made no apologies for criticising Union Finance Minister Nirmala Sitharaman on Monday for “exhorting” states to reduce their share of gasoline and diesel taxes, saying his state did not need “dictation from people who perform worse than us.” “We have one of the best statistical results Continue Reading

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EXPORTS: INDIA’S $400 BILLION MILESTONE

Unique Times May 23, 2022 0

Article By V P Nandakumar MD & CEO Manappuram Finance Ltd India’s merchandise exports grew by 43 per cent in 2021-22 to cross the milestone of $400 billion dollars. The record exports in FY 2021-22 represent a 33 per cent surge over the pre-pandemic levels of 2019-20. If the year 2020 was defined by the […]Continue Reading

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Jet Airways has been granted an air operator certificate, allowing it to resume commercial flights: DGCA

Unique Times May 21, 2022 0

On Friday, the Directorate General of Civil Aviation (DGCA) granted Jet Airways the Air Operator Certificate (AOC), allowing it to resume commercial flight operations after being grounded since 2019. The “AOC” has been “granted” to Jet Airways, according to DGCA chief Arun Kumar, according to news agency PTI. Jet Airways, founded by Naresh Goyal and Continue Reading

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India’s Projected GDP Growth Down To 6.4%, Yet Fastest-Growing Major Economy: UN

Unique Times May 19, 2022 0

According to a UN report, as the Ukraine conflict has an impact on global GDP, India is expected to grow by 6.4 percent in 2022, slower than last year’s 8.8 percent but still the fastest-growing major economy, with higher inflationary pressures and uneven labour market recovery stifling private consumption and investment. In its World Economic […]Continue Reading

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To keep domestic prices low, India has banned wheat exports

Unique Times May 14, 2022 0

India has suspended wheat exports with immediate effect as part of its efforts to contain rising domestic prices. The government stated that only export shipments for which letters of credit were issued on or before yesterday’s notification would be permitted. Furthermore, according to the notification issued by the Directorate General of Foreign Trade (DGFT), the Continue Reading

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When asked to return to work, over 800 WhiteHat Jr employees resign: Report

Unique Times May 13, 2022 0

According to a report in Inc42, more than 800 full-time employees of WhiteHat Jr, a platform for learning coding, have resigned in the last two months after being asked to return to work. According to the report, these employees voluntarily resigned because they did not want to return to work. Byju’s purchased WhiteHat Jr in […]Continue Reading

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Google Maps to get ‘immersive view’ for select cities

Unique Times May 12, 2022 0

Google Maps is bringing an immersive view to the maps, with over a billion people using it to navigate. Users will be able to get a feel for a neighbourhood, landmark, restaurant, or popular venue with the new immersive view, and get used to it before going there. “Whether you’re visiting a new place or […]Continue Reading

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India’s Reliance rakes in $100bn annual revenue

Unique Times May 10, 2022 0

After reporting strong quarterly results across its energy, telecoms, and retail businesses, Reliance Industries became the first Indian company to cross $100 billion in annual revenues. Between January and March, the conglomerate, which is owned by Asia’s richest man Mukesh Ambani, reported a net profit of 162.03 billion rupees ($2.1 billion), up 22.5 percent from Continue Reading