BUSINESS
Milk output projected to grow 6% annually, says Niti Aayog report
This is the observation of a research paper, which was recently brought out by government's think tank Niti Aayog. It further noted that with per capita milk intake already above the recommended dietary allowance (RDA) and population growth falling below 1 per cent, the domestic milk demand in future is likely to grow at a lower rate.
AI flight makes emergency landing at IGI after windshield crack
Full emergency was declared at the airport. "The pilot of the flight requested an emergency landing and it finally landed at the IGI at 5.50 p.m.," a source said. The pilot had suspected that something was wrong, and checked to find that the windshield had a crack. Though it was a minor crack, but as a precautionary measure, he decided to make an emergency landing, officials said.
India saw 46% decline in overall deal activity in Q1 2023
The new year saw a slow start for domestic players who were the driving force in 2022. According to Grant Thornton Bharat's Dealtracker report, while the world is still reeling with the aftereffects of the Russia-Ukraine war, in terms of global recessionary trends, the recent Silicon Valley Bank (SVB) collapse added further uncertainty.
Indian equity markets to trade in range-bound manner: ICICI Securities
"Indian equity markets overall are likely to trade in a range-bound manner in the near term. From the 10 per cent fall from their peak, the bounce back was sharp with selling pressure at higher levels as well. This trend of buying at lower levels and selling pressure at higher levels is likely to continue in the near term," the report said.
Indian rupee to gain against US dollar: Bank of Baroda
According to the Bank of Baroda report authored by Economist Aditi Gupta, the Indian rupee is most likely to make further gains against the US dollar in the next fortnight with a range of Rs 81.5/$ - 82.5/$. In April this year, the Indian rupee gained 0.4 per cent building on a gain of 0.6 per cent it made in March 2023.
China's economy grows faster than expected
Compared to the same period last year, gross domestic product (GDP) grew by 4.5 per cent, the BBC reported on Tuesday citing official figures. The key measure of economic activity was driven up by a boost in household spending and rising factory activity. Beijing pledged to boost the world's second largest economy when it.
Watch | Tim Cook greets first customers as Apple debuts India retail store
Cook came out from the Mumbai retail store and took selfies with the first Apple buyers who came in big numbers. He welcomed customers at Apple BKC, located at Mumbai's bustling Bandra Kurla Complex (BKC) financial, arts, and entertainment district, at the Jio World Drive Mall. The new Apple flagship retail stores in Mumbai, followed by.
Apple unveils Apple Card's savings accounts with 4.15% interest rate
Apple Card users can now choose to grow their Daily Cash rewards by automatically depositing their Daily Cash into a high-yield Savings account from Goldman Sachs. Starting today, Apple Card users can choose to grow their Daily Cash rewards with a Savings account from Goldman Sachs which offers a high-yield APY of 4.15 per cent.
EY to slash 3,000 jobs in the US due to 'overcapacity': Report
The job cuts have been announced less than a week after the collapse of a plan to spin off EY's global consulting business into a new company, reports Financial Times. "After assessing the impact of current economic conditions, strong employee retention rates and overcapacity in parts of our firm, we have made the difficult business decision to separate approximately 3,000 US employees," an EY spokesperson was quoted as saying.
Russia, India negotiating on free trade agreement
India's imports from Russia have grown more than four times to $46.33 billion over the last fiscal, mainly due to oil purchases from that country. "We pay special attention to the issues of mutual access of production to the markets of our countries," Manturov said during an industry event.
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