BUSINESS
Pakistan hikes interest rate to 17%, highest since Oct 1997
"If these remain unchecked, they could feed into higher inflation expectations over a longer than-anticipated period, therefore the Monetary Policy Committee (MPC) stressed that it is critical to anchor inflation expectations and achieve the objective of price stability to support sustainable growth in the future," SBP Governor added.
Rupee falls against dollar again
The rupee had closed at just over Rs 81 on Friday. On Monday, the Indian currency opened at Rs 80.92 at the interbank foreign exchange market and went down further to change hands at Rs 81.39 against a dollar. According to forex dealers, the Reserve Bank of India and public sector oil companies stepped in to stem the fall.
We must not lose Apple the way we lost Samsung to Vietnam: ICEA Chairman
In an interaction with IANS, Mohindroo said that Apple, which is the most valuable company in the world, is welcomed here to manufacture its entire product line and "it is in our great interest that we have their large manufacturing footprint". "I just hope that India Inc acts together so that we provide the right space for them (Apple), because we lost Samsung completely to Vietnam," he said.
Amazon launches dedicated air cargo network in India
Telangana's minister for industries and commerce K. T. Rama Rao was present at the induction ceremony of Quikjet's new Amazon-branded aircraft along with Amazon's senior leadership, including Akhil Saxena - Vice President, Customer Fulfilment (APAC, MENA & LATAM) and WW Customer Service, and Sarah Rhoads, Vice President, Amazon Global Air in Hyderabad.
FuelBuddy raises $20 mn, aims to expand global footprint
With over 45,000 satisfied customers and operations in more than 130 cities, they have served about 10 crore litres of diesel to partners across the country including Varun Beverages Ltd., Coca-Cola, Amazon, DLF, Infosys, Taj, Hitachi, Amazon, Flipkart, Mahindra Logistics and Delhivery, to name a few.
Why Musk hates alcohol but likes red wine in a fine glass
It all started when @NicoleBehnam tweeted: "Once you realise alcohol is a scam, everything changes. Alcohol ads use themes like happiness, prestige, sophistication, success, maturity, athletic ability, creativity, sexual satisfaction to target consumers. But the misuse of alcohol actually diminishes and ultimately destroys these qualities if you drink enough."
Vistara reports net profit, crosses $1bn revenue mark in FY23
Vistara on Monday said that it delivered remarkable results for the first time since its inception in 2013. The airline achieved its highest ever domestic market share of 10.4 per cent in July 2022 and maintained its position as the second largest domestic airline in India since then, flying more than 11 million passengers in the calendar year 2022.
Apple achieves record-breaking smartphone exports of $1 Billion in a month from India
Apple manufactures several iPhone models, including the 11, 12, 13, and 14 in India. These models are produced by Foxconn, Pegatron and Wistron in manufacturing units located in Tamil Nadu and Karnataka, who are also beneficiaries of the government's Production Linked Incentive (PLI) scheme for smartphones.
92% of Indian business leaders find optimal CX immersive: Report
According to a report by technology company Zendesk, customers are also expecting more from the brands with which they do business, and the vast majority of them (80 per cent) say their customer service standards have improved in the last year. "This year, our CX Trends shows that this shift in behaviour has prompted leaders to invest in technology that creates an immersive, yet seamless experience.
Mahanadi Coalfields expects 13% increase in production to 190 mn tonnes in 2022-23
This will be 13.09 per cent more than 168 million tonnes production recorded in 2021-22 by MCL. MCL Chairman-cum-Managing Director O.P. Singh told media persons that the production target for 2022-23 was 176 million tonnes, however the company is 21 per cent ahead of the target, and expects to reach 190 million tonnes by end of this fiscal.
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