BUSINESS
Air India also has 370 options, purchase rights from Airbus, Boeing
Terming the order as a "landmark moment" in the Indian aviation history, Air India's Chief Commercial and Transformation Officer Nipun Aggarwal said: "This order of 840 aircraft has been a culmination of a fascinating journey that began almost two years ago with the Air India privatisation process."
State EV policies need better implementation mechanisms: Study
The study by New Delhi-based Climate Trends "Analysis of State Electric Vehicle Policies and Their Impact", has assessed the comprehensiveness of these state EV policies based on 21 parameters that cover targets and budget allocations, demand side and manufacturing incentives, and focus on fleet electrification, charging infrastructure mandates and job creation.
Steel production to be doubled to 300 MT per annum by 2030: Jyotiraditya Scindia
India currently is the fourth largest producer of zinc in the world and 80 per cent of zinc produced in India is consumed domestically, the minister said. India has already emerged as the second-largest steel producer in the world and its per capita steel consumption has gone up from 57 kg to 78 kg during the last nine years, Scindia said.
Pak govt drops another inflation bomb on masses; petrol up by Rs 22
As per the latest notification issued by the government effective from Thursday, the prices of petroleum products were revised as follows: MS (petrol) revised to Rs 272.00 a litre, high-speed Diesel (HSD) price revised to 280.00 litre, kerosene oil (SKO) price revised from Rs 189.93 to Rs 202.73 and light diesel oil revised from Rs 187.00 to Rs 196.68, all effective from Thursday.
Most Indian employers intend to hire in 1st half of 2023
According to Naukri.com, around 46 per cent of recruiters expect new and replacement hiring, 29 per cent expect only new job creation, and 17 per cent are looking to maintain their headcount. With the ever-increasing demand for tech skills, maximum hiring is expected for IT roles.
Apple among top 5 PC makers in India in holiday quarter, logs 11% growth
Apple has been consistently clocking strong numbers since last few quarters and finally managed to pip Taiwanese company Asus to the fifth spot in 4Q22. "In a quarter where all the major vendors focused on inventory correction leading to reduced shipments, Apple witnessed positive traction thereby growing by 10.9 per cent YoY," according to an IDC report.
S&P places Adani Transmission's ESG evaluation under review on potential governance issues
This follows recent allegations of significant governance issues at the Adani group of companies. "We aim to complete our review of the ESG Evaluation in the coming months. We will assess the implications of the allegations on our ESG Evaluation," S&P Global said.
Blinkit introduces Brand Stores, over 20 companies now onboard
At Brand Stores, companies also have the avenue to create custom pages or flows on the page that allow them to highlight different products or engage with customers if they want to deliver a message about the brand. More than 20 brands are now part of the initiative, according to Blinkit.
Crypto exchange Binance likely to pay penalties to settle US probes
Binance chief strategy officer Patrick Hillmann told the Wall Street Journal that the exchanges' executives were "unfamiliar with laws and rules written surrounding bribery, corruption and money laundering". "Binance is working with regulators to figure out what are the remediations we have to go through now to make amends for that," he was quoted as saying in the report.
Two Stanford employees helped ex-FTX CEO Sam Bankman-Fried secure bail
Bankman-Fried is currently living with his parents in California, thanks to a $250 million bail secured by his parent's home as well as two people who had been kept anonymous, reports The Verge. Now, the judge at District Court for the Southern District of New York has granted the motion to unseal the documents of his bail.
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