BUSINESS
India on its way to become world's third largest economy: Niti Aayog CEO
Prime Minister Narendra Modi, who chaired the meeting, also urged the all the stakeholders to grab the opportunities, adding that the aspiration of 'Viksit Bharat' is not the vision of an individual or a small group, but it is the vision of India that "we will have to conceive and fulfil".
Xi Jinping's call for open cooperation on tech 'could not be timelier': Gates
Addressing the Zhongguancun Forum in Beijing via a live feed, Gates said that China, with its mix of expertise and experience and investment in innovation, would be able to make its contribution to the world by sharing its technology and lessons, reports South China Morning Post.
IPL teams give phenomenal returns compared to stock market
According to a research by Treelife, if you had invested Rs 1 lakh in IPL teams it would have far outperformed the Sensex and blue chip stocks. The Rajasthan Royals tops the list with 29 times return, so the Rs 1 lakh invested is now Rs 29.07 lakhs.
Go First row: DGCA should de-register aircraft, lessors tell Delhi HC
In a major blow to its passengers, the low-cost airline stopped flying on May 3 and is undergoing voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT). The airline has around 5,000 employees. The lessors said it is illegitimate of Directorate General of Civil Aviation (DGCA) to deny deregistration.
PhonePe becomes first payment app to link 2 lakh RuPay credit cards to UPI
The company said it aims to offer a comprehensive suite of solutions for RuPay Credit on UPI in partnership with NPCI to popularize its usage among the customers and merchants alike. The company has already enabled the acceptance of RuPay credit cards on UPI across 12 million merchant outlets in the country, achieving the highest merchant penetration in the ecosystem.
NCLAT sets aside NCLT order directing stock exchanges to reassess approvals for Zee-Sony merger
On May 11, the NCLT had directed the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to issue updated no-objection certificates before June 16, 2023. ZEE then moved NCLAT against this order. Zee contended that it was not provided adequate opportunity to present its side of the argument.
Japan net external assets hit record in 2022 on yen's sharp decline
According to the Ministry, the country's net balance of external assets stood at a record 418.63 trillion yen ($2 trillion) in 2022, rising 0.2 per cent from a year earlier, reports Xinhua news agency. The government's external assets, along with those held by firms and individuals, also marked a record high, rising 6.6 per cent to 1,338.24 trillion yen and marking the 14th straight annual increase, the data showed.
India leads with 27% share of global smartwatch shipments
"India's smartwatch market grew 121 per cent YoY driven by affordability, rising customer demand and availability of a wide variety of options in the budget segment. Around 40 per cent of the total shipments were driven by the less than Rs 2,000 price band, its highest proportion ever," said senior analyst Anshika Jain.
Ranked among top global ports by World Bank, Mumbai's JNPA celebrates 34th anniversary
The latest World Bank's Logistics Performance Index (LPI) Report, 2023 observed that the JNPA 'turns around' box ships in mere 22 hours (or just 0.9 day), which is considered among the best in the world. This distinction came after another superlative performance by the port this year - hitting a record high cargo volume of 6.05 Million TEUs till March 2023.
Mukesh Ambani joins COP28 Advisory Committee
Mukesh Ambani joined other important global leaders on the COP28 Advisory Council such as Larry Fink, Chairman and CEO of BlackRock, Olafur Grimsson, Chairman of Arctic Circle (Former President of Iceland), Laurent Fabius, President of COP21 / Paris Agreement, Former Prime Minister of France, Francesco La Camera
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