BUSINESS
To boost self-reliance, Centre approves indigenisation of 928 defence items
According to the Ministry of Defence, these initiatives have been taken to promote 'Aatmanirbharta' in the defence sector and minimise the imports by Defence Public Sector Undertakings (DPSUs). These will only be procured from the Indian industry, the official added.
Much before talk of diesel car ban, sales down to 17.6% of total volume
The government has suggested a ban on diesel-powered cars by 2027 in cities with a population of over a million people. "The impact on the diesel vehicle industry will be from now, and not from 2027," Shashank Srivastava, Senior Executive Officer (Marketing & Sales), Maruti Suzuki India Ltd, told IANS.
Momentum thrust needed to take markets higher
BSESENSEX gained 973.61 points or 1.59 per cent to close at 62,027.90 points. NIFTY gained 245.80 points or 1.36 per cent to close at 18,314.80 points. The broader markets saw BSE100, BSE200 and BSE500 gain 1.52 per cent, 1.36 per cent and 1.30 per cent respectively. BSEMIDCAP gained 1.35 per cent while BSESMALLCAP was up 1.14 per cent.
FPI bought equity worth Rs 18,617 crore in May
In the first three months of 2023, FPIs were continuous sellers in India due to India's premium valuations and the opportunities provided by the Chinese reopening and the relatively lower valuations in South Korea, Hong Kong and Taiwan. That phase is now over and India has once again become a favoured emerging market destination for FPIs, said Vijayakumar.
G7 finance chiefs address global economic uncertainty as US debt crisis looms
In a joint statement issued after their meeting in the Japanese city of Niigata, the G7 finance ministers and central bank governors said they "need to remain vigilant and stay agile and flexible in our macroeconomic policy amid heightened uncertainty about the global economic outlook."
Toyota apologises after 2.15 mn customers' vehicle data exposed for a decade
The automaker said it will notify nearly 2.15 million customers in Japan whose personal and vehicle information were left exposed on the web from November 6, 2013 to April 17, 2023.
Netflix plans to cut $300 mn in spending this year: Report
According to a new report from The Wall Street Journal, one of the reasons behind the spending cut is that Netflix delayed its plans to crack down on password sharing from the first quarter to the second quarter this year.
28-year-old tech billionaire Austin Russell acquires 82% stake in Forbes
According to a report in Wall Street Journal, Russell's stake includes the remaining portion of the company owned by its namesake family, which sold 95 per cent of the company to Hong Kong-based investor group Integrated Whale Media Investments in 2014.
As inflation cools off, RBI Guv says 'monetary policy on right track'
Terming the official data as a very satisfying development, Das refused to comment if the release of the numbers would lead to change of the policy stance or the Reserve Bank of India (RBI) becoming less hawkish. He preferred to say that all this would be clear on June 8 when the next policy review will come up.
Elon Musk confirms Linda Yaccarino as new Twitter CEO
"I am excited to welcome Linda Yaccarino as the new CEO of Twitter! She will focus primarily on business operations, while I focus on product design and new technology," Musk posted in a fresh tweet. "Looking forward to working with Linda to transform this platform into X, the everything app," he added.
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