BUSINESS
Boeing, Airbus warn US that 5G rollout will negatively impact aircraft safety
In a letter, top executives at Boeing and Airbus warned that the technology could have "an enormous negative impact on the aviation industry". Concerns have previously been raised that C-Band spectrum 5G wireless could interfere with aircraft electronics, the report said. US telecoms giants AT&T and Verizon are due to deploy 5G services on January 5.
Safe-haven: Volatile equities, Omicron to support gold prices
Last week, prices of physical gold rose by Rs 800 to nearly Rs 49,000 per 10 gm, according to Indian Bullion and Jewellers Association. On Tuesday, its prices largely remained range-bound. In addition, pent-up demand for the yellow metal for marriages and a relative weakness in the value of rupee will also somewhat keep its fundamentals strong, analysts said.
Centre cuts import duty on refined palm oil to 12.5% till Mar 2022
With this duty cut, net effective duty comes down to 13.75 per cent agaist 19.25 per cent earlier, according to industry players. Besides, the Centre on Monday extended the "free" import policy for different kinds of palm oils till the end of 2022. These palm oils include refined bleached deodorised palm oil, refined bleached deodorised palmolein, and another variant.
In affidavit, DMRC claims it has total funds worth Rs 5,800 cr
The DMRC has stated its fund position in an affidavit filed with the Delhi HC. The fund position of DMRC, as per its own affidavit, clearly exhibits its ability to pay the arbitral award to Reliance Infrastructure. The DMRC has already deposited Rs 1,000 crore in an escrow account with the Delhi HC, as per the directions of the court in its last hearing on December 6, 2021.
MapmyIndia sees strong exchange debut, lists 52% premium over issue price
Founded in 1995, the Delhi-based MapmyIndia is an Indian technology company that builds digital maps, geospatial software, and location-based IoT technologies. Shares of the company listed at Rs 1,565, against the issue price of Rs 1,033 per share. During the day, the shares of the company pared some of its intra-day gains and settled at Rs 1,375, up over 33 per cent from its issue price, NSE data showed.
Indian cybersecurity industry hits $9.8 bn in revenue: Nasscom
Currently, the cybersecurity services companies employ 2.18 lakh people while product companies have a 27,000-strong workforce in the country. The Indian cybersecurity industry is also expanding its global footprint, with a presence in the US, Canada, the UK, France, Australia, Singapore, and the UAE. According to the report, the cyber-security services industry grew from $4.3 billion in 2019 to $8.48 billion in 2021 at a CAGR of 40.33 per cent.
Pakistan: Debt Crises double up in last 3 years due to economic mismanagement under Imran Khan govt
The incumbent government has almost doubled Pakistan's external debt in just three years, adding 35.1 billion US dollars to take the total figure to an astonishing 85.6 billion US dollars. Last month, International Monetary Fund rejected pakistan's request to borrow from the central bank amid the ongoing financial crises in the country.
Acute coal shortage for domestic Captive Power Plant (CPP) based industries
The Non-Regulated Sector (NRS) in India consisting of Captive Power Plants (CPP) is struggling to retain cost-competitiveness and sustainable industry operations due to the ongoing situation of non-equitable treatment when compared to the Power Sector, specifically with regards to allocation, coal linkages, railway rakes, materialization, coal pricing etc.
Reliance tops Wizikey's News Score 2021 ranking
The recognition comes on the back of Exchange4Media Group's recognition recently to Reliance as one of India's Brands with Best In-house Communications Professionals 2021. Role of a vibrant and savvy Corporate Communications team is extremely important in ensuring media visibility for any company.
Turkey President Erdogan announces new measures to cope with currency depreciation
Speaking at a press conference after a cabinet meeting, Erdogan said Turkey would introduce new measures within the free-market economy to stop the fluctuations in the exchange rate, reports Xinhua news agency. Presenting a new mechanism for lira deposits, the president said the country will compensate lira deposit holders for their loss of wealth if the lira falls in value.
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