India News Get -BusinessCash shortage in country’s banks and layoff of 5% employees | The new Hero Destiny 125 launched in the Indian market
The big news yesterday concerned bank liquidity. During the second half of December, the liquidity shortfall in the country’s banking system reached Rs 1.5 lakh crore. To cope, banks are increasing deposits. As a result, interest rates on deposits reached 7.50%.
The second news was about the new generation Destiny 125 scooter recently launched by Hero MotoCorp. The company has given this updated scooter an LED projector headlight, a long seat, and a new engine. The company claims that the scooter will travel 59 kilometers on one liter of gasoline.
At the same time, Meta, the parent company of social media platforms Facebook and WhatsApp, will lay off 3,600 of its employees. Meta made this decision as part of the policy of job cuts based on performance. This will concern 5% of employees working in the company.
Before the big news of tomorrow, the big events of the day to watch…
There could be a rise in the stock market today. Axis Bank, Reliance and Infosys Finance will release the launch results of the Realme 14 Pro smartphone series. There will be no change in the prices of petrol and diesel.
Now read tomorrow’s big news…
1. 1.50 lakh crore cash shortage in country’s banks: Interest on deposits rises; Deposit interest rates reached 7.50%
The lack of liquidity in the country’s banks has further increased. During the second half of December, the liquidity shortfall in the country’s banking system reached Rs 1.5 lakh crore. To cope, banks are increasing deposits.
As a result, interest rates on deposits reached 7.50%. Some banks have extended the deadline for new schemes with higher interest rates and some have launched new FD schemes.
2. Meta to lay off 5% people: CEO Zuckerberg said – 3,600 low-performing employees will be affected, 10,000 have been laid off in 2023
Meta, the parent company of social media platforms Facebook and WhatsApp, will lay off 3,600 of its employees. Meta made this decision as part of the policy of job cuts based on performance.
The company’s CEO, Mark Zuckerberg, said it would affect about 5% of the company’s employees. According to September 2024 data, Meta employs approximately 72,000 employees.
3. New Hero Destiny 125 launched, price starts from ₹80,450: The scooter features a powerful 9 hp engine with a mileage of 59 kmpl, competing with the Honda Activa 125.
Hero MotoCorp has launched the new generation Destiny 125 scooter in the Indian market. The updated scooter gets an LED projector headlight, a long seat and a new engine. The company claims that the scooter will travel 59 kilometers on one liter of gasoline.
Apart from this, many new features have been brought in Hero Destiny 125. The scooter has been introduced in three variants: VX, ZX, and ZX+. Its starting price has been maintained at Rs 80,450 (ex-showroom). The new scooter will compete with Suzuki Access 125, TVS Jupiter 125 and Honda Activa 125 in the 125cc segment.
4. PepsiCo wants stake in Haldiram: New York headquarters executives in talks with Aggarwal family, Temasek and Alpha Wave also in the race
After Temasek and Alpha Wave Global, it is now PepsiCo which also wishes to acquire a stake in Haldiram Snacks Food. These bidders are currently in in-depth discussions with the Agarwal family. The bidders wish to acquire 10 to 15% of the capital of Haldiram.
The Times of India reported that top executives at PepsiCo’s New York headquarters recently began discussions with members of the Agarwal family regarding acquiring the stake. However, these discussions are only just beginning.
5. Users will now be able to create selfie stickers in WhatsApp: Filter option will also be available for sharing photos and videos, the company has rolled out the update.
Users of the popular instant messaging platform WhatsApp will now be able to create selfie stickers. You will be able to share the sticker pack with others. With this, the option of new filters for sharing photos and videos has also become available. Meta has rolled out a new update in WhatsApp, through which these features have been added.
WhatsApp said in a blog post: “We’re always working to make WhatsApp more fun and easier to use, so we’re excited to start the new year with new features and design updates to improve your experience.
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