BUSINESS
Japan's GDP growth slows to 1.1 pct in 2022
According to preliminary data released by the Cabinet Office, Japan's real gross domestic product for the year 2022 came to about 546 trillion yen ($4.1 trillion dollars). For the full year, private demand was up 2.4 per cent from the previous year as household consumption grew 2.2 per cent. Corporate capital investment also increased 1.8 per cent, the data showed.
Biocon Q3FY23 revenue at Rs 3,020 crore, up 36%
Executive Chairperson, Biocon and Biocon Biologics Kiran Mazumdar-Shaw said: "Q3 FY23 has been an eventful quarter which saw the completion of the global acquisition of our partnered Biosimilars business from Viatris on Nov 29, 2022. "We are now implementing country-wise integration of the business to maximise the value of the combined entity to propel growth."
ONGC's December quarter profit rises 26% to Rs 11,045 crore
The Maharatna company's standalone revenue rose by 36 per cent to Rs 38,583 crore from Rs 28,473 crore registered in the year-ago period. The rise in ONGC's revenue and profit was mainly driven by surging APM gas prices, though they were impacted by a rather subdued growth in its oil and gas business volumes.
PM Modi congratulates Air India and Airbus on aircraft deal
The deal includes 40 A350 wide-body long-range aircraft and 210 narrow-body aircraft. "I congratulate Air India and Airbus for this landmark agreement. The deal is a testament to the deepening relationship between India and France as well as the successes and ambitions of India's civil aviation industry," PM Modi said.
Adani Enterprises post net profit of Rs 820 cr in Q3, revenue up 42%
The company's revenue from operations surged 42 per cent to more than Rs 26,000 crore, while EBIDTA doubled year-on-year to Rs 1,968 crore. "Our fundamental strength lies in mega-scale infrastructure project execution capabilities, organisational development and exceptional O&M management skills comparable to the best in the world," said Adani group Chairman Gautam Adani.
Fitch downgrades Pakistan's rating, says default a real possibility
Falling reserves reflect large, albeit declining, current account deficits (CADs), external debt servicing, and earlier FX intervention by the central bank, particularly in 4Q22, when an informal exchange-rate cap appears to have been in place, the statement mentioned, the report said.
Air India places big order to buy 250 aircraft from Airbus
Tata Sons Chairman N. Chandrasekaran on Tuesday said Air India has signed a letter of intent to acquire 250 aircraft from Airbus. It will include 40 wide-body A350 planes and 210 narrow-body aircraft. Talking about Air India, he said that "a lot of emotions are involved in this project".
Microsoft may bring ChatGPT Bing AI to Android, iOS soon
The tech giant is working on a "substantial optimised interface" for Bing.com's Chat UI for Android and iOS, which includes all-new OpenAI-powered content, reports Windows Latest, citing sources. In an email sent out to testers, Microsoft confirmed that the mobile experience is not yet ready, according to the report.
No attrition problem at top level, says Zomato CEO
In a tweet, Goyal said that there has been a lot of chatter about the culture at Zomato after a series of exits over the last few months. "Well, there are more than 200 people at Zomato who have spent more than 7 years at the company," he posted. Goyal further said that many of these employees are on their second (and third) stint at Zomato, and have been around since 2011-12.
'Uphold ethical standards or face disciplinary action': Air India tells cabin crew
Sources said that the airline's in-flight safety department gave instructions on Monday not to engage in any of the acts which are against the TCOC (Tata Code of Conduct). As per sources, the communication was issued against the backdrop of a recent incident where a wide-body plane pilot allegedly was caught with two iPhone14 at the Delhi airport and was asked to pay Customs duty because of that.
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