BUSINESS
Indian telecom market sees 36% value growth in offline retail
While the global telecom market closed 2022 with a 9.7 per cent decline in revenue compared to the previous year, India was one of the silver linings, according to the report by market intelligence firm GfK. In 2022, India registered "a double-digit revenue growth in the same period over the previous year including smartphones, core wearables and TWS mobile headsets", said Kartik Vasudevan, GfK expert for the Telecom market.
Indigo appoints Mark Sutch for CarGo International as Chief Commercial Officer
Mark brings with him 25 years of airline industry experience across different verticals, including extensive cargo experience. Mark's most recent assignment was as Chief Commercial Officer with CMA CGM Air Cargo based in Marseille. Prior to that he was with Cathay Pacific Airways, including being based for five years in Mumbai as the airline's Regional General Manager for South Asia, Middle East and Africa, said the airline on Thursday.
Paytm Payments Bank goes live with UPI LITE
With this, users can activate their UPI LITE accounts linked to their Paytm Payments Bank savings accounts for hassle-free transactions. For payments of up to Rs 200, UPI Lite eliminates the need of UPI PIN. UPI LITE is exclusively available on Paytm app, the company said.
China, India growing per capita emissions to appease domestic constituencies: US
"Both are growing their total and per capita emissions, largely because of their reliance on cheap electricity generation from coal for economic growth, and because of their efforts to appease domestic constituencies who rely on the coal industry for jobs," the report said. Climate change will increasingly exacerbate risks to U.S. national security interests as the physical impacts.
Cholamandalam Investment, Aptus Value deny M&A talks
In a statement, Cholamandalam Investment referring to a news report that said the company is interested in management control of the home finance company said: "We wish to clarify that Chola has not expressed any interest either in the past or present in acquiring Aptus Value Housing Finance India Ltd."
Bank of Canada maintains policy rate at 4.5%
The bank's governing council will continue to assess economic developments and the impact of past interest rate increases, and is prepared to increase the policy rate further if needed to return inflation to the 2 per cent target, the central bank said in a statement.The bank said it is continuing its policy of quantitative tightening to complement its restrictive stance.
Torrent to move SC against NCLAT order allowing RCap's second auction
According to the apex court website, the Torrent Group petition is not listed so far, however sources said that the matter is likely to be mentioned next week on reopening of the court after Holi break. Earlier this month, the NCLAT order came on a petition filed by Vistra ITCL (India), which is one of the lenders of Reliance Capital, against NCLT order restricting further auction.
VPN access expanding to all Google One members
The VPN is currently rolling out and will be available in 22 countries across Android, iOS, Windows and Mac devices, the tech giant in a blogpost on Wednesday. "VPN by Google One adds more protection to your internet activity no matter what apps or browsers you use, shielding it from hackers or network operators by masking your IP address."
SBI raises Rs 3,717 crore via bond issuance
The proceeds of the bonds will be utilised in augmenting Additional Tier 1 Capital and the overall capital base of the bank and strengthening capital adequacy in accordance with RBI guidelines. The tenor of these bonds is perpetual with a call option after 10 years and every anniversary thereafter.
Honda plant in Pakistan to remain shut in March due to financial crunch
The automaker, in a notice sent to the Pakistan Stock Exchange, said that the decision has been taken as the company's supply chain has been "severely disrupted", Geo News reported. Considering the current economic situation of Pakistan whereby the government resorted to stringent measures including restricting the opening of LCs (letter of credits) for import of CKD (completely knocked-down) kits, raw materials and halting foreign payments.
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