On Jan 27 2022, The Government of India handed over Air India to the Tata Group for a total value of Rs.18,000 crore or US$2.4 billion. Under this deal, Tata Group also acquired Air India Express and 50% stake in ground handling arm AI SATS.
National Payments Corporation of India (NPCI) and the UPI ecosystem started UPI safety and awareness week to be observed from Feb 1-7 and the whole of February as ‘UPI Safety and Awareness Month’.
The stock prices of PVR cinemas hit a 52-week high of Rs.1,866.90 apiece on BSE after the release of SS Rajamouli’s ‘RRR’. the stock price of Inox Leisure also touched a 52-week high of Rs.496.85 per share intraday.
Reliance Industries Ltd. became the first Indian company to hit the Rs.19 lakh crore market valuation mark in intra-day trade. The stock jumped to 1.85% before settling at Rs.2,777.90, up 0.08%.
In April 2022, UPI recorded 5.58 billion(bn) transactions worth Rs 9.83 trillion. The monthly UPI recorded a 3.33 % increase in transaction volume from 5.4 billion transactions worth Rs.9.6 trillion in March 2022.
In June 2022, Zomato announced the acquisition of BlinkIt (formerly known as Grofers India) for Rs.4,447 Cr. Zomato already owned more than a 9% stake in Blinkit prior to the acquisition.
In July 2022, India’s first 5G private network was successfully tested by Bharti Airtel at Bosch Automotive Electronics’ plant in Bengaluru.
Popular News channel NDTV was acquired by Adani Group and Vishvapradhan Commercial Pvt Ltd. The Adani Group now holds 37.5% of NDTV but by December 2022, Gautam Adani could control 65% of NDTV.
UPI Lite, a digital non-interest-bearing wallet was launched on 20th September 2022. It enables low-value transactions using the local wallet on a smartphone. The users can make payments offline via a QR code.
A new rule for online payment via credit and debit card kicked in with tokenisation. According to the RBI, businesses and aggregators cannot save customer card details. Customers can use the token (alphanumeric) instead of card details.
After firing the former CEO of Twitter, Parag Agarwal in October 2022, Elon Musk announced that Twitter blue tick will now cost $8 per month, which is roughly around Rs.660. The subscribers would get priority in replies, mentions and search.
On 21st December 2022, Sri Lanka agreed to use Indian Rupee (INR) to facilitate international trade. The Indian Government announced earlier that it was looking for ways to include nations short on dollars in the Indian rupee trade settlement process.
Overall 2022 has been a mix of highs and lows Only 2023 will show what the future holds Take steps now to secure your financial future
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