Goldmine Weekly Updates

Crude Oil and Gas prices have stabilised at lower levels and that will help the Indian economy.

Government in talks with US based Micron Technology for semiconductor fab factory.

RBI Governor warns bank boards against overaggressive growth, ever-greening.

Tesla’s U turn on India in search for a new EV manufacturing destination.

Blackrock has cut Byju’s valuation again by about 62% to $8.4 billion.

India may cut solar panel import tax to make up for the domestic shortfall.

Government behind on FAME target by 59% ten months before scheme closure.

Oil Minister has said that now they are planning smaller refineries instead of one very large single location refinery. The target is to achieve around 450 million metric tons per annum refining capacity. Current refining capacity is around 250 million metric tons per annum.

A week after Rs 2000 not withdrawal, SBI gets Rs 14000 crore in deposits, exchanges Rs 3000 crores.

Tata Technologies to hire 1000 women engineers.

India’s unemployment further eases to 6.8% in Q4.

India’s FY23 fiscal deficit narrows to 6.4% meets New Delhi’s aim.

GST revenue collection for May 2023 stood at 1.57 lakh crores. So, really good going.

Auto sales have been a mixed bag with passenger vehicle sales doing well, Two wheelers doing well while the Commercial Vehicle sales have seen some hit as of now.

Apple supplier Foxconn to make Iphones in Karnataka by April 2024.

The Union Cabinet has approved World’s largest food storage scheme and allocates Rs 1 trillion for it.

Government invites new applications for semiconductor manufacturing unit.

SBI Life to take over 200000 policies of Sahara India Life Insurance.

PM Modi to address joint session of US Congress on 22 June.

NPS assets grow around 30% in May to 9.53 lakh crores.

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