BUSINESS
Global tech industry, supply chain disruptions continue amid recession fears
According to market research firm GlobalData, technological sanctions against Russia will continue to increase. The UK has so far issued 1,123 new sanctions against Russia since the outbreak of the war, adding to the 215 already imposed. The war has also contributed to market uncertainties, leading to high interest rates, a deepening funding winter, and mass layoffs, especially in the tech sector.
'Shark Tank India 2': Amit Jain to back cake business of mother-daughter duo
He was touched by the story of the daughter, Fatema and how she managed to come out of an abusive relationship and established herself with her mother. Fatema shared: "I did BCA and was working in an IT company for 6 months. Then I got engaged and left the job. I got married but things didn't go well and I was being physically abused in the relationship. I was staying in a red zone during Covid -19."
India poised to become manufacturing hub for cutting edge artillery ammunition
The Ministry of Defence (MoD) has recently selected five domestic ammunition manufacturers to supply around two thousand 155mm terminally guided munitions (TGMs) for the Army's in-service 155mm guns of 39/45/52 calibre artillery guns. The 155mm TGM is the most advanced artillery ammunition and its technology was denied to India in the past.
Entire Rs 16,982 cr GST compensation cess to states to be cleared: FM
She said this while addressing a press conference soon after the 49th meeting of the GST Council ended. She also informed that Rs 16,524 crore to six states which have submitted the accountant general's (AG) certificate will also be released. Delhi, Tamil Nadu and Telangana are among the six states which have submitted AG certificates.
India furthering G7 policy by driving hard bargain with Russia to get lowest oil price: US
In an exclusive interview with news agency PTI, Pyatt said that India's actions in driving a hard bargain with Russia to procure crude oil at the lowest possible price are furthering the policy of the G7 nations to reduce Russian oil revenues. Pyatt said that the Biden administration is comfortable with New Delhi's stance on energy security and stressed that there is going to be no return to business as usual with Russia as long as President Vladimir Putin continues on his current path of aggression.
A year after signing India-UAE Comprehensive Economic Partnership Agreement, bilateral trade grew by 27.5%
Marking a successful year of CEPA signing, a Special Business Event was organised by the Federation of Indian Chambers of Commerce & Industry (FICCI) in association with the Embassy of India, Abu Dhabi, Consulate General of India, Dubai and Dubai Chambers on Friday here. The event was attended by more than 200 leading businesses from India and the UAE.
SC stays over Rs 800 crore penalty imposed on beer companies for cartelisation
A bench of Justices Vikram Nath and Dipankar Datta issued the interim stay on a clutch of appeals filed by the companies and some individuals against the NCLAT order that had refused to interfere with the penalty imposed by the CCI in 2021. In September 2021, the CCI found UBL, , SABMiller India Ltd (now renamed Anheuser Busch InBev India Ltd.), Carlsberg India Private Ltd.
RBI issues draft rules for lending, borrowing of govt securities
The central bank had first announced the borrowing and lending of government securities earlier this month, while announcing monetary policy. RBI Governor Shaktikanta Das on February 8 proposed the borrowing and lending of government securities to improve liquidity and price discovery in the securities market. This will provide investors an avenue to deploy their ideal securities.
India's forex reserves post biggest weekly fall in 11 months
According to data released by RBI on Friday, the reserves are at their lowest level since January 6, 2023. The fall for the second straight week was mainly due to a decline in the foreign currency assets, which dropped $7.1 billion to $500.59 billion. In the week ended February 10, the rupee lost 0.8 per cent to close at 82.51 per dollar as US jobs data.
Yellen to attend G20 finance ministers meet; will highlight Russia invasion fallout
While she will be in Bengaluru for the meeting that runs from Wednesday to Saturday at the Nandi Hills resort, the Treasury Department said on Friday that she will also hold a roundtable with US and Indian tech executives and meet with Finance Minister Nirmala Sitharaman and UK's Chancellor of the Exchequer Jeremy Hunt. The first ministerial event of the G20.
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