BUSINESS
Job vacancies in India's BFSI sector see significant growth in March: Report
The report by job platform Naukri showed that insurance and banking sectors are witnessing a secular bull run in new job creation, significantly contributing to the upward hiring trend in the overall white-collar job market of India.
Currency dealers offer $24b in loans to Pakistan to stay away from IMF package
Exchange Companies Association of Pakistan (ECAP) President Malik Bostan said: "We have offered $1 billion a month in financing to the government for the next two years to get rid of the IMF," The Express Tribune reported. The government must pass an order to allow exchange companies to borrow US dollars directly from overseas.
RBI's repo rate hike decision may not be unanimous
The MPC's first meeting of FY24 is being held between Monday to Thursday. The decision on the repo rate hike will be announced on Thursday. At the recent MPC meetings, the rate hike decisions were not unanimous with two external members -- Dr. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai; and Prof. Jayanth R. Varma, Professor, Indian Institute of Management, Ahmedabad, voting against the hikes.
China probes US chip maker in apparent retaliation
The Cyberspace Administration of China (CAC) will review products sold by Micron in the country, CNN quoted a statement issued by the watchdog as saying. The move is aimed at "ensuring the security of key information infrastructure supply chains, , preventing cybersecurity risks caused by hidden product problems.
SpiceJet completes SpiceXpress hive off, results in one-time gain of Rs 2,555.77 cr
The consideration for the slump sale will be discharged by SpiceXpress by issuance of securities in the combination of equity shares and compulsorily convertible debentures to SpiceJet for an aggregate amount of Rs 2,555.77 crore which will also strengthen the balance sheet of SpiceJet. The hive off is effective from April 1, 2023.
Oil prices surge after surprise cuts in production
The price of Brent crude oil was trading above $84 a barrel in Asia after jumping by more than $4, or 5 per cent, the BBC reported. The increase came after Saudi Arabia, Iraq and several Gulf states said on Sunday they were cutting output by more than one million barrels a day. Oil prices soared when Russia invaded Ukraine in February 2022.
McDonald's temporarily shuts US offices, plans major layoffs
According to Wall Street Journal, the Chicago-based burger major told US employees, and some international staff, "that they should work from home from Monday through Wednesday so it can deliver staffing decisions virtually".
Iraq to cut oil output by 211,000 bpd from May to year-end
The move is a "precautionary measure" taken in coordination with some countries of OPEC+, the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, to stabilise the global oil market, it added on Sunday.
Google faces $4.2 billion advertising lawsuit
According to the claim, made by ex-Guardian technology editor Charles Arthur, Google illegally used its dominant position in online advertising to reduce publishers' profits, the BBC reported. Google stated that it would vigorously oppose the "speculative and opportunistic" action.
Feel bad that I invited my mother to visit Infosys only when she was dying: Narayana Murthy
He said this after launching a biography on the life and times of Madan Mohanka, an entrepreneur and Indian Institute of Management Ahmedabad (IIM-A) alumni. The book, titled: "I Did What I Had To Do", was authored by Anjana Dutt, an advertising professional, and details Mohanka's rise to success and the belief systems that paved the way for his meteoric journey. The event took place in Ahmedabad.
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