BUSINESS
Global trade remains resilient despite Russia-Ukraine war: WTO
According to the information note released on Thursday, trade growth in 2022 was above the agency's forecast of 3 per cent issued in last April and substantially higher than its estimates for more pessimistic scenarios for the year. For the longer-term outlook, new WTO simulations show the importance of strengthening the multilateral trading system, with least-developed countries likely.
Biden names Indian-American Ajay Banga to head World Bank, Harris says will be 'transformative' chief
If confirmed by the US Senate, Bang will be the first person of Indian descent to head the World Bank. He will succeed David Malpas, who was appointed to head the bank by fthen President Donald Trump. Banga will be the second American of Asian-American descent in that position; the first was Dr. Jim Yong Kim. The US has historically had a hold on the Presidency of the World Bank and the Europeans on the International Monetary Fund (IMF).
Toyota and Honda announce biggest pay rises in decades
They are the latest firms in the world's third largest economy to increase wages as prices jump, BBC reported. Official figures published last month showed Japan's rate of inflation was at its highest level in over 40 years. That has put pressure on businesses and authorities to help people as their spending power shrinks, the report said.
Swiggy announces Dineout offerings for all users
This integration will enable millions of Swiggy users to choose from tens of thousands of dining-out options and avail discounts at over 18,000 plus restaurants across 24 cities. The service available across 24 cities include Delhi NCR, Mumbai, Bengaluru, Pune, Chennai, Hyderabad, Ahmedabad, Kolkata, Chandigarh, Jaipur, Indore, Lucknow, Ludhiana, Nagpur, Goa (North & South), Kochi, Surat, Agra, Udaipur, and Vadodara.
BYJU's likely to shut down beleaguered coding platform WhiteHat Jr
WhiteHat Jr, which at its peak had more than 8,000 employees across the country, now has some hundreds of roles left as it never picked up pace and brought revenues for the company, informed sources told IANS on Thursday. According to people close to the development, the discussions at the top level at BYJU's have happened to get rid of the WhiteHat Jr brand.
Air India to bring back passengers, crew of flight diverted to Stockholm
"A B777 will fly from Mumbai to Stockholm at 2 p.m. on Thursday and reach Stockholm at 11 p.m. The flight with passengers will take off at 1 a.m. on Friday an will reach Delhi at 8 a.m. in the morning," said the airline spokesperson on Thursday. Flight AAI106, a Boeing 777-300ER aircraft, made an emergency landing in the Swedish capital on Wednesday. It was carrying 284 passengers and eight crew members.
Salaries in India likely to go up by 10.3% in 2023
Although slightly lower than last year, the projected increase continues to be in the double digits despite concerns about economic volatility, which may be in response to attrition rates, according to Aon, a leading global professional services firm. At 21.4 per cent, the attrition rate in India for 2022 remained high -- a consequence of an ever-changing talent strategy and the ongoing gap between supply and demand of talent.
Zee Entertainment stock plunges after company admitted to insolvency proceedings
Zee Entertainment was trading at Rs 187.60 on BSE down by 8.89 per cent in noon trade. Its stock is at a 52 week low now. In the petition filed by Indusind Bank Ltd. against the Company under Section 7 of the Insolvency & Bankruptcy Code, 2016, the National Company Law Tribunal, Mumbai Bench (NCLT) has pronounced its Order dated February 22.
Indian economy to grow at 7% despite global headwinds, says monthly economic review
The monthly economic review for January 2023 released by the finance ministry on Thursday, said that the measures announced in the union budget like a rise in capital expenditure, increased focus on infrastructure development, boost to the green economy, and initiatives for strengthening financial markets are expected to promote job creation and spur economic growth.
ESG reporting by Indian corporates has improved by 160%
The research is an analysis of reports from top 1,000 listed entities over the past three fiscal years. A stark improvement in the ESG disclosures by companies was noted based on their Integrated Reports, Sustainability Reports, and Business Responsibility and Sustainability Reports (BRSR). This further led to an upgrade in the ESG scores of these companies.
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