BUSINESS
Reliance Industries to announce Q4 results on April 21
"Reliance Industries Limited has informed BSE that the meeting of the Board of Directors of the Company is scheduled on April 21, inter alia, to consider and approve the standalone and consolidated audited financial results of the Company for the quarter/year ended March 31, 2023," RIL said in a stock exchange filing.
India-US trade rose by 8% in 2022-23, fell 1.5% with China
The growth in bilateral trade between the two countries is significant, considering the fact that in 2020-21, it was only $80.51 billion, according to Commerce Ministry data. Exports to the US rose by 2.81 per cent to $78.31 billion in 2022-23 as against $76.18 billion in 2021-22, while imports grew by about 16 per cent to $50.24 billion.
Protecting, restoring ecosystem can mitigate climate change impact: Bhupender Yadav
Speaking at the plenary session at the G7 ministers' meeting on climate, energy and environment in Sapporo in Japan, he said it is important that issues related to climate change in tandem with environmental action are dealt with holistically. "We do hope that this is at the core of deliberations of this meeting of the climate, energy and environment ministers of the G7 countries," he added.
India to chair Commonwealth working group on reform of financial architecture
The ministers agreed for India to be the chair and Nigeria to be the deputy chair of the Finance Ministers Working Group for a Commonwealth Call for Reform of the Global Financial Architecture. Their collective call for reform came at the Commonwealth Finance Ministers High-Level Working Group Meeting in Washington D.C.
HDFC Bank logs 19% growth in net profit, proposes Rs 19 dividend
The HDFC Bank said it had closed FY23 with a net profit of Rs 44,107.7 crore (previous year Rs 36,961.33 crore) on a total income of Rs 192,800.4 crore (Rs 157,263 crore). Net revenues (net interest income plus other income) for the year ended March 31, 2023 were Rs 118,057.1 crore, as against Rs 101,519.5 crore for the year ended March 31, 2022.
Amazon, Google CEOs 'hint' at more layoffs amid economic meltdown
In a letter to company shareholders, Amazon CEO Andy Jassy said that they reprioritised where to spend resources, which ultimately led to the hard decision to eliminate 27,000 corporate roles. "There are a number of other changes that we've made over the last several months to streamline our overall costs, and like most leadership teams, we'll continue to evaluate what we're seeing in our business and proceed adaptively," the Amazon CEO wrote.
Crypto Assets is an issue that requires immediate attention from G20: Sitharaman
Sitharaman made the remarks during a brainstorming session on "Macrofinancial Implications of Crypto Assets" with G20 Finance Ministers and Central Bank Governors at the International Monetary Fund (IMF) headquarters in Washington D.C. on Friday. India currently holds the rotating annual presidency of G20 countries.Issues related to crypto have emerged as a major point of discussion among G20 countries and there is unanimity among member nations about the urgency to regulate this sector.
Japanese giant Sega to acquire Angry Birds creator for $1 bn: Report
According to The Wall Street Journal, Sega is close to buying Rovio and the deal may get closed by early next week. The original Angry Birds game was a super success in 2009, but the franchise has seemingly fallen off since its 2014 peak. The original was the first mobile game to reach 1 billion downloads, a record certified by Guinness World Records. 'The Angry Birds Movie' was a box-office success and is still the seventh highest grossing video game movie. Its 2019 sequel, 'The Angry Birds Movie 2', did not achieve the same level of success though.
India projected to grow at 7% in 2022-23, says Sitharaman at IMF meet
Finance Minister Nirmala Sitharaman on Friday said that with both the International Monetary Fund (IMF) and the World Bank having projected India as the fastest-growing major economy in 2023
Global oil demand on course for a record high
The International Energy Agency's predicted daily average for 2023 is 2m bpd higher than last year's figure. The price of a barrel of oil rose from $85.62 to $86.10 on Friday morning after the IEA's report was published, The Guardian reported. The agency warned that a recent decision by the world's biggest oil exporters to cut their ;production could drive oil prices higher, in a blow to efforts to reduce inflation and reset economic growth in developed countries, The Guardian reported.
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