Union Budget 2022 is shceduled to be presented by Finance Minister Nirmala Sitharaman on February 1. Along with the General Budget, Sitharaman will also be presenting the Railway Budget. The Railways suffered a loss of Rs 26,338 crores in the past year due to the COVID-19 pandemic. Therefore, it is expecting to get higher allocation in this year's budget to recover.

Here's what the Railways can expect from Budget 2022:

Last year, the government had allocated Rs 1,10,055 crore to the Railways. This year, FM Sitharaman may increase the outlay for the railways by 15-20 percent. An amount of around Rs 2.5 lakh crore is likely to be designated.

UK-headquartered consumer goods giant Unilever on Tuesday announced a major organisational shakeup to make the company leaner, which involves some of its Indian-origin executives, and plans to lay off 1,500 staff as part of the wider restructuring of its global operations.

Sanjiv Mehta retains executive leadership of Mumbai-headquartered subsidiary Hindustan Unilever, while Unilever Chief Operating Officer (COO) Nitin Paranjpe will take on a new role as Chief Transformation Officer & Chief People Officer, leading the business transformation and heading the HR function for the transformed organisation.

The company said Sunny Jain, President of Beauty & Personal Care, has decided to leave Unilever to set up an investment fund in technology megatrends.

Days before India’s 73rd Republic Day, e-commerce giant Amazon is facing flask on Twitter over selling products with the imprint of the Indian National Flag.

Indian Twitter users today shared their displeasure using the hashtag Amazon_Insults_National_Flag, which has been trending on social media.

Users were outraged after discovering that Amazon India is selling products such as face masks, T-shirts, and keychains and other clothes with the tri-colour imprint.

Tata Motors is developing an extended range version of the electric SUV Nexon EV, according to a recent report that emerged on the internet. Currently, the Nexon is the best-selling EV in India, with the refreshed version going on sale in the early parts of 2022. To increase Nexon EVs' range, a larger battery pack will be incorporated, enabling a higher driving range.

As it is expected to have better range capabilities, the 2022 Tata Nexon EV will likely be able to cater to a wider audience. Tata also markets the updated Tigor EV based on Ziptron technology recently, which accounts for 60% of the total zero-emission vehicle sales in India. 

The Nexon EV's success is due in part to its price range of Rs 14.24 lakh to Rs 16.85 lakh (ex-showroom), though it has a shorter range than competitors like MG ZS EV and Hyundai Kona Electric. Powered by a 30.2 kWh battery pack, it is claimed to have a driving range of 312 kilometers, with 127 horsepower and 245 Nm.

Banks are waiting to hear from the Reserve Bank of India (RBI) on the revised structure for the bad bank proposed by the Indian Banks’ Association (IBA). According to three bankers in the know, the industry has offered to structure a principal-agent relationship between the National Asset Reconstruction Company (NARCL) and the India Debt Resolution Company (IDRCL) and the central bank’s nod is expected any day now.

The reason for planning a new structure is the RBI’s objection to approving the dual-entity structure of the bad bank. The original plan put forward by the government involved the setting up of an ARC, which would aggregate non-performing assets (NPAs) worth Rs 500 crore or more and an asset management company (AMC), which would work to resolve the bad assets for a fee.