20/04/2024
- Taiwan and India have signed a MOU on migrant workers that is expected to lead to the South Asian nation becoming a source of labour for the island. May be a lot of Indians will be sent to Taiwan for training in the Semiconductor and electronics industry. Also a lot of pure unskilled labour might go to Taiwan.
- FPIs are still investing in Indian debt but exiting equity in a mild manner.
- WPI inflation drops to 0.27% in January.
- Retail inflation eases to 5.1% in January 2024. IIP growth for December stood at 3.8%.
- Trade gap for the year widens to $17.5 billion in January.
- The Indian Government signed a formal request to join the International Energy Agency and the accession process has now started.
- Tata Motors has now announced a price cut of upto Rs 1.2 lakhs on various electric vehicle models as it intends to pass on the benefits of battery price reduction to the customers.
- Agratas Energy Storage Solutions is owned by Tata Sons. Tata Group is considering spinoff of its battery business and could raise money either through IPO or through private placement to investors.
- NMDC to ramp up gold mining in Australia pre-feasibility studies soon for Lithium reserves.