Business Current affairs

Business Current affairs and news 2022

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Business Current affairs and news 2022

Business Current affairs : 1-The Union Cabinet authorised the Telecom Department’s plan to hold a spectrum auction in which spectrum will be awarded to successful bidders for the provision of 5G services to the general public and businesses.

2- Today, eighty crore users have access to broadband, up from ten crore subscribers in 2014.

3-Expressing concern about low foreign tourist footfall due to the Covid pandemic and other issues, the Travel and Tourism Association of Goa (TTAG) has urged Chief Minister Pramod Sawant to persuade the Centre to issue e-visas to citizens of the United Kingdom, Canada, Kyrgyzstan, and other countries.

4- Shiprocket, a logistics technology platform, revealed on Wednesday that it has purchased a majority investment in Pickrr, an ecommerce software-as-a-service (SaaS) platform for D2C brands and SME e-tailers, for around $200 million (nearly Rs 1,560 crore).

5-Prime Minister Narendra Modi has been appointed as the brand ambassador for Uttar Pradesh’s flagship ‘One District-One Product’ (ODOP) scheme.

Narendra Modi
Narendra Modi

Business Current affairs

6-The civil aviation authority Directorate General of Civil Aviation (DGCA) fined Air India Rs 10 lakh for denying boarding to passengers with valid tickets.

7-The Securities Appellate Tribunal (SAT) has instructed the SEBI to conduct an independent investigation into five brokers and individuals affiliated with the brokers, and to reinvestigate their roles in the Rs 5,600-crore NSEL payment default case within six months.

8-Bengaluru has carved out a distinct spot on the global startup tech map, with the major Asian metropolis being ranked fifth for tech venture capital investment in 2022.

9-Bengaluru placed 22nd in the startup ecosystem internationally due to significant increases in market reach, and Delhi jumped 11 places to 26th, with Mumbai ranking 36th.

10- Geely, a Chinese carmaker, has purchased Meizu, an Alibaba Group-backed smartphone company, as part of its goal to expand its linked ecosystem.

Business Current affairs

11-Meizu, which was founded in 2007, was formerly one of the most popular smartphone brands in mainland China.

12-Shalini Kumari, senior research fellow, has discovered a technology for generating ‘Nano Silica Particles’ from fly ash from sugar factory boilers under the supervision of Professor Narendra Mohan and Dr Vishnu Prabhakar Srivastava.

13-The US Federal Reserve hiked interest rates by 0.75 percentage point, the largest one-time increase since 1994, to combat inflation, which has reached its highest level in 40 years.

14-Last week, the Reserve Bank of India hiked its key interest rate (known as the repo rate) by 0.5 percentage point to 4.9 percent, citing “upside risk to inflation.”

15- Leon Cooperman, a billionaire and major hedge fund investor, founded Omega Advisors, which he now operates as a family office.16-16

Business Current affairs

16- Bill Gates, the millionaire in technology, has stated that he has no interest in cryptocurrencies or non-fungible tokens (NFTs) since they are “100% based on bigger fool theory.”

Business Current affairs Bill Gates
Business Current affairs– Bill Gates

17-Several online platforms, including Shopify, Discord, Acko, GitLab, and others, were unavailable to users in India on Wednesday due to an outage at digital infrastructure services provider Cloudflare.

18-Jio-bp, a fuel and mobility joint venture between Reliance Industries and bp, and food aggregator Zomato signed a deal on Wednesday to assist Zomato’s aim to a 100 percent electronic fleet by 2030.

19 comprehensive software-as-a-service (SaaS) platform funded by SoftBank Unicommerce announced on Wednesday that it will hire more than 150 workers in FY23, increasing its staff by 50%.

20-Unicommerce is presently available in 14 countries, including India and Middle Eastern, Southeast Asian, and African countries.

Business Current affairs

21-Bank of Baroda has increased fixed deposit interest rates on domestic term deposits of less than Rs 2 crore by up to 40 basis points.

22-According to Neil Shah, Vice President of Research at Counterpoint Research, this is significant news in the world’s second largest mobile market, as the government has cleared 72GHz of 5G spectrum with no upfront payment, which is beneficial to smaller businesses and organisations.

23- According to Prabhu Ram, Head – Industry Intelligence Group (IIG), CMR, “5G would also be a force multiplier for realising India’s goal as well as ambitions to become a $1 trillion digital economy by 2025.”

24-‘Quick Commerce’ or ‘Q-Commerce’ is a type of e-commerce in which platforms fulfil consumer orders within a few minutes of the order being placed.

25-According to insiders, Samsung Electronics plans to relocate roughly 300 employees from its display business’s liquid crystal display (LCD) division to the company’s semiconductor section.

Important points to remember for all competitive exams:

Nilesh Shah is the President of the Travel & Tourism Association of Goa (TTAG).

  • Zomato was founded in 2008.
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