BUSINESS
Eyeing to develop as 'green state', Himachal budget focuses on rural economy, job creation
In the populist but deficit budget, Thakur, who holds the finance portfolio, announced no new taxes. "This is the first-of-its-kind state's 'green budget'. Steps would be taken to develop the state as 'Green Energy State' by March 2026," he said in his over two hours of speech in Hindi. Before laying the paperless Budget the Chief Minister reached.
US investors in Credit Suisse file legal action
The lender suffered a rapid sell-off with shares plunging as much as 30 per cent on Wednesday after comments from Credit Suisse's largest shareholder, Saudi National Bank (SNB), which said it was unable to pump in more cash because of regulatory restrictions limiting its holding to below 10 per cent.
Delhi HC seeks Centre, RBI & SEBI response on Subramanian Swamy's plea on Yes Bank
A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad also asked Yes Bank and the asset reconstruction company to respond. However, no formal notice was issued in the matter. Filed as a PIL, Swamy has also sought direction from the Centre, RBI and SEBI to formulate proper and comprehensive guidelines in view of recommendations of the committee to check similar agreements or transactions in future.
YouTube hikes price of its TV services to $72.99 per month
The company shared the update on Twitter via its YouTube TV account on Thursday: "An update for our members. As content costs have risen and we continue to invest in our quality of service, we'll be adjusting our monthly cost, after 3 years, from $64.99/month to $72.99/month, in order to bring you the best possible TV service.
India's smart home security camera market grows 44%
Xiaomi led the market in 2022 with a 33 per cent share. Tapo registered 88 per cent growth and maintained its second position in 2022 with a 17 per cent share, according to Counterpoint Research. The market remains dominated by Chinese players, with the Indian brands accounting for 23 per cent of total.
Delhi HC grants bail to Shakti Bhog Foods' CMD in money laundering case
A single-judge bench of Justice Jasmeet Singh while granting him relief in the case said: "I have held applicant is not sick but he is entitled to bail." The Directorate of Enforcement (ED) had arrested Kumar on July 4, 2021. The central agency's money laundering probe stems from a First Information Report registered by the Central Bureau of Investigation against various others including Kumar
US banks launch $30bn rescue of First Republic to stem crisis
Bank of America, Goldman Sachs, JP Morgan and others will deposit $30 billion in First Republic, which has seen customers yank their money following the collapse of Silicon Valley Bank (SVB) and fears that First Republic could be next, the Guardian reported. The actions of America's largest banks reflect their confidence in the.
Twitch CEO Emmett Shear quits after 16 years
Dan Clancy, current Twitch President, will step fully into the role of CEO, effective immediately. "He cares deeply about the Twitch community, its streamers, and our staff and understands what makes Twitch, Twitch," said Shear in a blog post late on Thursday. He started on Twitch in October 2006. Sixteen years and four months later.
Turkish currency breaks record low threshold against USD
After surpassing the resistance level of 19, $1 stood at 19.01 liras at 2 p.m. on Thursday, reports Xinhua news agency. The currency has lost about 70 per cent of its value against the greenback since the beginning of 2022. Turkish people have long been struggling against rising living costs triggered by a high inflation rate, which hit.
European Central Bank again raises interest rates
After the rate hike, the interest rates on the main refinancing operations, on the marginal lending facility and on the deposit facility will be increased to 3.5 per cent, 3.75 per cent and 3 per cent, respectively, reports Xinhua news agency. "Inflation is projected to remain too high for too long," the central bank said in a statement on Thursday. The decision reflected the bank's determination to bring inflation down to its 2 per cent target.
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