'Edible oil prices set to fall further in India & more'- Business Today Newsletter

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Commodities   EXCLUSIVE: Edible oil prices set to fall further in India   Leading edible oil manufacturers in the country have agreed to further reduce prices, after the central government met with representatives of companies earlier today and urged them to cut prices following softening global trends.

ECONOMY   In a first, RBI comes out openly to protect declining rupee against dollar; what this means   In an unprecedented move, the central bank has announced a slew of measures to stem the depreciation of the rupee. Here's a lowdown on what the measures can mean.

LATEST   Online retail spending in India to grow nearly sixfold to $300 bn by 2030: BCG Report   BCG expects these numbers to increase by 2.5 times over the next decade, accompanied by nearly sixfold growth in online retail spending.

LATEST   Athlete PT Usha, composer Illayairaja among four nominees to Rajya Sabha   Apart from them, philanthropist Veerendra Heggade and screenwriter-director V Vijayendra Prasad -- father of famous South Indian director SS Rajamouli-- were also nominated to the Upper House of the Parliament.

RETAIL   Reliance partners with Gap, to launch the iconic American fashion brand in India   Through a combination of exclusive brand shops, multi-brand store expressions, and e-commerce platforms, Reliance Retail will introduce Indian consumers to Gap's fashion offerings.

LATEST   Nykaa Fashion expands into men's innerwear and athleisure category with GLOOT   "GLOOT uses sustainable 100% recycled plastics for packaging, with a zero plastic waste policy, it promotes reusing the packaging too," Nykaa said in a statement.

TECHNOLOGY   Here's why Indian diagnostic companies are investing heavily in AI-powered platforms   Indian diagnostic sector is witnessing an increased investment in Artificial Intelligence (AI)-driven technologies. Majority of diagnostic companies are either collaborating with health technology companies or adopting technology innovations to scale up their services.

CORONAVIRUS   COVID-19 precaution dose gap reduced to 6 months from 9: Govt   "Corresponding changes have been made in the CoWIN system to facilitate the new dispensation," govt stated.

MAGAZINE   How much India needs to spend to get to net zero   To achieve its net-zero emissions target by 2070, the Indian economy would require investments worth more than $10 trillion. But what will the return on this investment look like?

NEWS REEL   Service charge is now voluntary, optional for consumers   In a major relief for consumers, the government has issued guidelines to bar hotels and restaurants from levying service charges...So, next time a hotel or restaurant adds a service charge to your bill, don't pay the extra amount, rather you can file complaints in case of violation of the guidelines...Watch here.

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