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HW News Network

Everyone reads Business News. But what's the story behind the news? In Business Tit-Bits, our Business Editor Mr Akhilesh Bhragava analyzes important happenings from the Business World. For, In-depth understanding of Business and Finance developments, listen to Business Tit-Bits.

HW News Business Tit-Bits

U.S. President Joe Biden announced the launch of the Indo-Pacific Economic Framework (IPEF), which includes a dozen Indo-Pacific countries and is designed to provide a counterweight against Chinese economic clout in the region. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter. 
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Business Tit-Bits: USA-India And The IPEF

The Centre on Saturday finally slashed excise duty on petrol and diesel by Rs 8 and Rs 6 per litre respectively. This will reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre. Taking to Twitter, Finance Minister Nirmala Sitharaman said, "It [Excise duty cut] will have revenue implication of around Rs one lakh crore/year for the government." In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter
 #NirmalaSitharaman #Petrol #Diesel #Fuel #ExciseDuty #BJP #PMModi #BusinessNews #HWNews 
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Business Tit-Bits: Fuel Tax Cuts, Not Enough

ife Insurance Corporation's (LIC) much-awaited initial public offering (IPO), India's biggest-ever listing, turned into a dull affair. The insurance company's shares were about 0.9% higher from their lacklustre debut close. LIC shares closed almost flat at ₹ 876.25 per share after ending at ₹ 875.45 on the BSE. The state-owned insurance giant LIC's shares closed nearly 8 per cent from its allotment price of ₹ 949 on its market debut on Tuesday. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter. 
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Business Tit-Bits: LIC IPO, A Hype and Hoax |

Country’s biggest state-owned lender, State Bank of India (SBI), on Friday reported 41.2 per cent year-on-year (YoY) rise in net profit at Rs 9,113.5 crore for the quarter ended March 31, 2022 (Q4FY22). The lender also announced dividend of Rs 7.10 per share. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter. 
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Business Tit-Bits: SBI's Numbers Don't Impress |

In this episode, our finance editor Akhilesh Bhargava talks about the recent survey by the Federation of Indian Chambers of Commerce & Industry (FICCI) on Business confidence. 
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Business Tit-Bits: A Misleading FICCI Survey

The Enforcement Directorate has slammed Chinese smartphone maker Xiaomi's claim - that its officers had threatened employees and their families with violence - as 'baseless'. The ED also rubbished Xiaomi claims that statements by its India employees were recorded 'under coercion' and that the charges - relating to violations of the foreign exchange act - were an 'afterthought'.In a statement issued Saturday the Enforcement Directorate stressed that it is 'a professional agency with strong work ethics, and there was no coercion or threat to the officers of the company at any point of time'. 
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Business Tit-Bits: The ED and Xiaomi

The Reserve Bank of India (RBI) in a sudden move on Wednesday raised the policy repo rate by 40 basis points (bps) to 4.4% and the Cash Reserve Ratio (CRR) by 50 basis points to 4.5%. Making an unscheduled announcement, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) of the RBI met in an off-cycle meet and decided to increase the policy rates to curb the rising inflation. Despite the rate increase, the RBI would maintain its ‘accommodative’ stance, even as the fundamentals of the Indian economy remained strong, he stated.In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter. 
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Business Tit-Bits: The Party Is Over

In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter. 
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Business Tit-Bits: Adani Etc Buy, But Not Invest |

Hindustan Unilever’s chief Sanjiv Mehta has spent 30 years at the fast-moving consumer goods (FMCG) giant and he’s worried – he said has not seen inflation of this kind before and has a warning for the government. The maker of Vaseline, Kwality Wall’s ice cream and Surf Excel is worried about the rise in inflation and the ongoing volatility across the world. Hindustan Unilever (HUL) is the oldest and the largest FMCG company in India and has dozens of brands under its name – brands which have been household names for a long, long time. In other news, the monthly collection under the Goods and Services Tax (GST) has peaked to an all-time high of Rs 1.68 lakh crore in April 2022, according to a statement by the Finance Ministry on May 1. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter. 
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Business Tit-Bits: HUL Results And GST Collections

In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take. 
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Business Tit-Bits: The Party Is Over

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