RBI will release INR1.76L crore to the Union Government, which could use it to reduce fiscal deficit or provide stimulus to slowing economy. Govt’s announcements last week brought the markets some cheer but to tackle structural slowdown, structural reforms are needed. Parle really wants you to eat more cookies. Rapido raises INR391cr in Series B funding round. Cred rakes up INR861.39cr in latest financing round. TikTok says it has exclusive rights over content on its platform, thereby bringing to question its earlier claim that it’s a social media “intermediary”. US Air Force space plane breaks previous record for longest orbital flight. Solar-powered space drones offer an alternative to satellites.
Moving on to the top Business news of the day:
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