Top 5 Hindi Business News of the Week
Are you looking for the latest business updates from the Hindi news world? Here are the top five Hindi business news stories that made headlines this week:
1. Reliance Industries Becomes India’s First $200 Billion Company
Mukesh Ambani-led Reliance Industries made history this week by becoming the first Indian company to cross the $200 billion market capitalization mark. The company’s stock price surged to an all-time high after it announced a series of strategic deals with foreign investors for its telecom and digital services businesses.
2. India’s GDP Contracts by 23.9% in Q1
India’s Gross Domestic Product (GDP) witnessed a massive contraction of 23.9% in the April-June quarter of the current fiscal year, according to data released by the National Statistical Office. This is the first time that the Indian economy has witnessed a contraction since the liberalization reforms of 1991.
3. SEBI Tightens Norms for Mutual Funds
The Securities and Exchange Board of India (SEBI) has tightened norms for mutual funds in an effort to safeguard investor interests and promote transparency. The new norms include asset allocation rules, expense ratio limits, and stricter disclosure requirements for debt and money market investments.
4. IndiGo Launches a Mega Sale with Fares Starting at INR 999
In an attempt to spur demand amid the COVID-19 pandemic, India’s leading airline IndiGo announced a mega sale with fares starting at just INR 999. The sale offers customers one million seats at discounted rates for domestic travel from September 1 to March 31 next year.
5. SBI Waives Processing Fee on Home Loans Till August 31
State Bank of India (SBI), the country’s largest lender, has announced a waiver on processing fee for home loans till August 31, 2020. The move is expected to boost the demand for home loans amid the economic slowdown caused by the COVID-19 pandemic.
Conclusion:
These were the top five Hindi business news stories that made headlines this week. From Reliance Industries becoming India’s first $200 billion company to SBI waiving the processing fee on home loans, these news pieces are indicative of the current economic scenario in the country. As always, we advise our readers to stay informed and make wise investment decisions.
