BUSINESS
As world's fastest-growing economy at 5.8%, India 'bright spot': UN economist
For next year, the UN is projecting a growth rate of 6.7 per cent, a "very high growth relative to other G20 member countries", the group of the large developed and emerging economies headed by India, said Hamid Rashid, the Chief of the Global Economic Monitoring Branch, on Wednesday. Meanwhile in New Delhi, India's President Droupudi Murmu credited India's economic performance to its leadership.
K.M. Birla, Sudha Murty conferred Padma Bhushan
Other Padma Bhushan awardees include novelist, philosopher and screenwriter S.L. Bhyrappa of Karnataka. His novels are unique in terms of theme, structure, and characterisation. Bhyrappa has been among the top-selling authors in the Kannada language and his books, translated into Hindi and Marathi, which have notched good sales.
AI 'pee-gate': Jyotiraditya Scindia's intervention sought to revoke suspension of pilot's licence
"Prima facie, there was no effort on the part of the DGCA to conclude its own independent enquiry to establish facts on the basis of credible evidence and nor was the suspended licence holders was given an opportunity to be heard by his own employer's internal complaint committee," said the letter written to the Minister on Wednesday.
PhonePe's decision to shift domicile from Singapore to India cost its investors Rs 8,000 Cr in taxes: CEO Sameer Nigam
Nigam further stated that the challenges for startups shifting domicile to India are high, and that the move resulted in a loss of approximately $900 million dollars of accumulated losses, as it is treated as a restructuring event. Nigam also stated that at least 20 existing unicorns have expressed interest in shifting domicile to India if regulations become easier.
Kishore Biyani steps down as 'Executive Chairman and Director' of Future Retail
The resignation will be placed before the Committee of Creditors, as per the Insolvency and Bankruptcy Code, 2016. The resolution professional of Future Retail received the intimation through an e-mail on January 24, 2023. Biyani has "tendered a letter of his resignation from the position of the 'Executive Chairman and Director' of the Company," said Future Retail in a regulatory filing.
PhonePe envisions massive opportunity ahead across UPI, lending, insurance, ONDC
"General Atlantic is a really good blue chip global investor that has a long view on companies, which gives us the flexibility to be able to actually do at-scale investments in new sectors like insurance, lending, broking or ONDC," Sameer Nigam, Co-Founder & CEO, PhonePe, said.
DGCA amends rules, airlines to reimburse up to 75% of ticket cost to flyers if downgraded involuntarily
The amendment will allow the passenger, who is downgraded involuntarily and is carried in a class lower than that for which the ticket is purchased, to be reimbursed by the airline. For the domestic sector, the reimbursement will be 75 per cent of the cost of the ticket including taxes.
'Should I keep working hard?': Google layoff survivors ask top bosses
As Google's parent company Alphabet chopped six per cent of its workforce globally, an employee based in the UK told management that "psychological safety is paramount", the New York Post reported. The employee, who had trouble processing the news like many of his colleagues, said: "How are we supposed to ever feel safe again?"
RBI to auction green bonds worth Rs 8,000 cr today
The Central government's new SGrB 2028 and SGrB 2033 are going to be auctioned. These are part of the Rs 16,000 crore sovereign green bond auction that the RBI will conduct in the current fiscal. The second round of green bonds auction will be conducted on February 9.
Budget 2023: Health sector needs eco-system for infra & technological growth, say Experts
As per experts, the healthcare sector needs commercially low capital-intensive projects at district and taluka levels to address large patient volume and access with affordable pricing for quality services. The healthcare industry is eagerly waiting as the experts believe that the government should enhance its budgetary support in increasing healthcare and insurance penetration following the pandemic.
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