BUSINESS
RRVL acquires 52% equity stake in luxury design house Ritu Kumar
The coming together aims to explore untried interpretations of India's crafts and textiles that take the story of the country's artisanal culture beyond existing ideas in couture and fashion. The Ritu Kumar business includes four fashion brand portfolios that cumulatively retail out of 151 points of sales globally.
India will produce the cheapest hydrogen in the world: Gautam Adani
He also suggested that a collaborative approach was needed wherein developed nations, which have emitted more greenhouse gases over time, shoulder greater responsibility and propose policies and targets that fairly address the needs of the developing world.
Microsoft most imitated brand of all phishing attacks: Report
According to CPR, social was among the top three sectors to be imitated in phishing attempts, with WhatsApp, LinkedIn and Facebook all appearing in the top 10 list of most imitated brands. In a brand phishing attack, criminals try to imitate the official website of a well-known brand by using a similar domain name or URL and web-page design to the genuine site.
Covid brings 3 lakh agents to light as India's travel market to hit $125 bn
"Top 750 agents are doing Rs 3-4 crore of business per month, capturing 12 per cent of the agent travel market. These agents largely focus on air travel and have corporate tie-ups," according to data provided by RedCore, an arm of Bengaluru-based market research firm RedSeer.
India logs 9% growth in job postings in September YoY: Report
The CEO of Monster.com Sekhar Garisa said that as we approached the end of the September quarter, it was promising to note that we had witnessed a significant growth of 6% in the hiring over the last 3 months. The report further says that there was a stable monthly growth in job postings in the month of September compared to that of August.
Pakistan expected to remain on FATF grey list till April 2022
The upcoming three-day meeting of the FATF in Paris, scheduled to start on Wednesday, will be assessing and discussing Pakistan's progress and compliance to the 27-point action plan to curb money laundering and terrorist financing, as per IANS sources.
Moody's revises outlook for Indian banking system to stable from negative
The rating agency said that capital ratios have risen across rated banks in the past year because most have issued new shares. Public sector banks' ability to raise equity capital from the market is particularly credit positive because it reduces their dependence on the government for capital.
Bank gross NPAs to rise to 8-9%,
The Covid-19 relief measures such as the restructuring dispensation, and the Emergency Credit Line Guarantee Scheme (ECLGS) will help limit the rise, the report added. With 2 per cent of bank credit expected under restructuring by the end of this fiscal, stressed assets-comprising gross NPAs and loan book under restructuring-should touch 10-11 per cent.
Surcharge on power bills of 30K consumers to be waived in Gurugram
These connections were disconnected by the department for non-payment of bills till June 30. To get the surcharge waived, consumers will have to apply by November 30, they added. In Gurugram, more than 30,000 consumers in both the circles of DHBVN have outstanding bills of Rs 190 crore. This includes a surcharge of about Rs 35 crore.
JIBS awarded prestigious global engagement seed grant by IBRO
The grant also covers a week-long event- Neurodevelopmental disorders and Society: A Neuroscience Engagement and Outreach Event- which will be organised by JIBS in May next year, with a primary focus on enhancing research on NDDs. "It is a very significant academic progress for JIBS and in line with our vision of applying the behavioural and social science research and evaluation towards improving people's lives, with a special emphasis on the underprivileged," said Dr. Sanjeev P. Sahni, Principal Director of the Jindal Institute of Behavioural Sciences.
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