BUSINESS
European bank shares drop after Credit Suisse bailout
Major falls were seen in early trading in Germany's Deutsche Bank and France's BNP Paribas, although shares in both have since recovered some losses, the BBC reported. BNP is still down about 5 per cent and Deutsche Bank 6 per cent. In the UK, shares in Standard Chartered, HSBC and Barclays also took an early hit.
Delhi govt tables Eco Survey, per capita income grew by 14.18% in 2022-23
The survey was tabled by Delhi Finance Minister Kailash Gahlot on Monday in the Assembly. According to the survey report, the per capita income in the capital has always been around 2.6 times higher compared to the national average both at the current and constant prices. The per capita income of Delhi at current prices reached the level of Rs 3,89,529 in 2021-22 as compared to Rs 3,31,112 in 2020-21.
'One key solution to India-Pak disputes is through transit trade'
Kumar made the remark at the Lahore Chamber of Commerce event where he highlighted that the two neighbours will have to find ways to normalise ties, adding that New Delhi wants good relations with Islamabad because the geographical reality of both countries cannot be changed. India is interested in tapping the Central Asian.
Milk prices spiked in last six months: Report
Milk and milk products have seen an average YoY inflation of 6.5 per cent over the last 12 months, while this increases to 8.1 per cent if we look at just the last five months. Monthly momentum has been at 0.8 per cent over the last year, more than double the pre-pandemic five-year average of 0.3 per cent, while its contribution to.
Asia Pacific markets edge lower after UBS rescue of Credit Suisse
In Hong Kong, the Hang Seng Index tumbled 1.5 per cent at its opening, CNN reported. Japan's benchmark Nikkei index fell 0.7 per cent, while South Korea's Kospi was flat in morning trade. The S&P/ASX 200 in Australia slipped 0.8 per cent. On Sunday, Switzerland's biggest bank, UBS, agreed to buy Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month, CNN reported.
Online boom, or bane? Customer gripes also pile up against delivery boys
Prapthi posted a screenshot of the message on her Twitter handle while narrating her ordeal. "I'm sure that most women on here can relate to this. I got a grocery delivery from Swiggy Instamart on Tuesday night (June 14, 2022). The delivery guy sent me creepy messages on WhatsApp today (June 16, 2022). Not the first time, not the.
India's gig economy in a limbo as online food deliveries slow down
However, delivering hot and piping food at customers' doorsteps has become a nightmare for many of them as the food delivery business turns out to be a losing game while more and more delivery partners report unfair work conditions, pay disparity, and harassment. India is likely to see its gig workforce add 9-11 million jobs by 2025.
Food apps' defence: Physical, mental health of delivery partners our priority
Swiggy told IANS that it is enabling a consistent earning and upskilling opportunity for over 3,00,000 delivery executives across the country, apart from a healthy and safe work environment. This includes but is not limited to accident death cover, medical insurance, bereavement leave, mental wellness, and on-call doctor support.
Power consumption in April-Feb of 2022-23 crosses last fiscal's usage limit
According to power ministry data, power consumption rose by 10 per cent to 1,375.57 billion units (BU) during April-February period of 2022-23. Power consumption in April-February period of 2021-22 was 1,245.54 BU In 2021-22, total power consumption was 1,374.02 BU, which is much lesser than 1,375.57 BU of April-February.
UBS to buy Credit Suisse: Swiss govt
On Friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence and that a swift and stabilising solution was absolutely necessary, the government was quoted by Xinhua news agency as saying.
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