HDFC Bank signs deal with Refinitiv

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⭐ HDFC Bank signs deal with Refinitiv

HDFC Bank has signed a multi-year data and technology agreement with global financial data provider Refinitiv. Under the agreement, HDFC Bank will get access to Refinitiv's database and products, which will help the bank to reach more customers and cut down costs across several bank divisions.

⭐ Govt approves new PLI scheme

The Indian government has approved ₹19,500 crore production linked incentive (PLI) scheme to manufacture high efficiency solar PV modules. The scheme is expected to generate 2 lakh direct jobs and create a manufacturing ecosystem that will reduce India’s import dependence. The PLI will be disbursed for 5 years after commissioning of solar PV manufacturing plants.

⭐ Smartphone sales to pickup

According to industry reports, India could see record smartphone sales of $7.7 billion during the upcoming festive season, which accounts for nearly 20% of the annual smartphone sales. Consumer demand is also likely to be high due to increasing affordability of these devices and migration from 4G to 5G devices.

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Fact of the day

YouTube has announced it will introduce advertising on its video feature ‘shorts’ and give creators 45% of the revenue.

Source: CNBC