Global Business News Daily Updates

US will sign defence deals worth $3 billion with India: Trump

The US will sign defence deals worth over $3 billion with India, President Donald Trump said while addressing the crowd at the Motera Stadium in Gujarat. "The US looks forward to providing India with some of the best and most feared military equipment on the planet. We make the greatest weapons ever made," he added.
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Sensex falls 450 points, rupee slips against US dollar ahead of Trump's visit

Indian equity benchmark index Sensex fell by around 450 points in early trade ahead of US President Donald Trump's visit on Monday. The Indian rupee opened 24 paise lower at 71.89 against the US dollar. IT stocks including Infosys, Tech Mahindra and TCS gained between 0.5% to 1% each.
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Sensex ends over 800 points lower at 40,363, Nifty below 11,850

Sensex tanked 806 points to end at 40,363.23 while the broader Nifty50 index fell 251 points to slide below the 11,850 mark on Monday amid growing concerns over the spread of coronavirus. Rupee also weakened to about 2-month low against the US dollar, falling to 71.90 against the US dollar. All the sectoral indices on NSE were in the red.
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Jio cut data charges down to ₹12 from ₹300 per GB: Ambani to Satya Nadella

In a conversation with Microsoft CEO Satya Nadella in Mumbai on Monday, Reliance Industries Chairman Mukesh Ambani said, "Pre Jio, price of per GB data was ₹300-₹500." Ambani added, "For the poorest of poor, who use 2G, the price was as high as ₹10,000 per GB." Ambani claimed that post Jio, the price is between ₹12 and ₹14 a GB.
read more at The Financial Express

Every Indian entrepreneur can become Dhirubhai or Bill Gates: Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani on Monday said, "Every small business and every entrepreneur has the potential in India to become a Dhirubhai Ambani or Bill Gates." "And that's what differentiates India from the rest of the world," added Ambani. "The entrepreneurial power that we have at the grassroots level is enormous," Ambani said.
read more at The News Minute

My father launched Reliance as a startup, with a table and chair: Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani on Monday said, "My father founded Reliance as a startup with one table and one chair." Ambani added, "Then it grew into a micro-enterprise, a small enterprise, and now, we can call it a large enterprise." He also said that every entrepreneur in India has the potential to become Dhirubhai Ambani or Bill Gates.
read more at YourStory

RBI not as surprised as others on slowing GDP growth: Shaktikanta Das

The Reserve Bank of India (RBI) was not as surprised as others over country's slowing GDP growth as it had earlier noticed growth momentum slowing, said Governor Shaktikanta Das on Monday. He said that the calendar year 2019 was a very unusual year and at the beginning of the year, no one thought that the growth would be 5%.
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