BUSINESS
Price and supply volatility: Addressing global energy security needs
Rosneft Chief Executive Officer Igor Sechin also visited IEW 2023 and participated in a ministerial session. The topics discussed at the session were price and supply volatility, and energy cooperation between Russia and India. According to the IMF's recent estimates, India and its neighbours will account for half of global economic growth this year. In contrast, the contribution of the US and the Eurozone will amount to only 10 per cent.
Adani Group prepays $1.1 Billion in share-backed loans ahead of schedule
The release of these pledged shares is expected to have a significant impact on the stock market, with 168.27 million shares of Adani Ports & SEZ, 11.77 million shares of Adani Transmission, and 27.56 million shares of Adani Green Energy being freed from the pledge. According to the latest shareholding pattern, 17.3 percent of promoter holding in Adani Ports, 4.3 percent of promoter holding in Adani Green.
Boeing to slash 2,000 jobs, outsourcing employees at TCS hit hard: Report
The rest of the jobs will "disappear" as Boeing reduces its finance and HR support services, reports Seattle Times, citing Mike Friedman, a senior director of communications at Boeing. "Boeing employees trained Tata Consulting Services employees on that initial set of outsourced work, which TCS is scheduled to take over in the coming week," the report mentioned.
PM launches 20% ethanol blended petrol in 11 states/UTs
The programme aims to reduce emissions and dependence on foreign countries. Authorities say that presently, 10 per cent ethanol is blended in petrol and it is aimed to double ethanol quantity by 2025. PM Modi, after launching 20 per cent ethanol-blended petrol, stated that the use of ethanol has been increased in petrol from 1.5 per cent in 2014 to 10 per cent and it is now progressing to 20 per cent.
100 airports to be developed by 2024 under UDAN scheme
Upgradation and modernization of airports is a continuous process and is undertaken by Airports Authority of India (AAI) and other airport operators from time to time depending on the availability of land, commercial viability, socio-economic considerations, traffic demand/ willingness of airlines to operate to/from such airports, said Minister of State.
'CISF personnel deployed at 66 airports to provide security'
The CISF apprises relevant authorities from time to time about Aviation Security in different forums. The security system at airports is reviewed regularly and upgraded as per the requirement by the BCAS in consultation with concerned agencies and stakeholders, including CISF and Airport Operators, depending upon threat perceptions, and corrective measures taken.
India Energy Week: PM Modi holds meeting with energy sector captains
"India can help the world solve the climate crisis with technology and investment made in innovation in the energy sector. It's delightful to listen to PM Modi in India energy week," Joseph McMonigle, secretary general of International Energy Forum, said after the meeting.
Sovereign Green Bonds of Rs 16,000 cr proposed to be issued in current FY
Rs 8,000 crore has already been raised in the first tranche of the SGBs, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a written reply. The Minister said that these bonds will be issued according to the Framework for Sovereign Green Bonds, released on November 9, 2022.
Relations with India solid, ready to meet crude demand: OPEC Secy General
Talking to media persons on the sidelines of the India Energy Week, Ghais, asked whether OPEC feared loss of market share as India is buying a bulk of its crude from Russia, said that OPEC shares a diverse relationship with India which dates back to a long time. "Relationship between India and OPEC is solid and it forges ahead into other dimensions like investments," he said.
Freshworks joins Meta to help firms boost conversational customer experiences
The Meta Business Messaging integrations with Freshworks' CX and CRM products make customer and prospect engagement easy for support, sales and marketing teams. With Freshworks AI-powered bots, businesses can tailor and automate messaging journeys for each channel, configure workflows across multiple channels or languages, and efficiently train bots with NLP learning capabilities, the company said in a statement.
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