BUSINESS
Microsoft sacks 10,000 employees, Satya Nadella says 'will treat our people with dignity'
Some employees will be notified on Wednesday, but the entire 10,000 layoffs should be completed by the end of March, Satya Nadella said. In a blog post, Nadella said that it is important to note that "while we are eliminating roles in some areas, we will continue to hire in key strategic areas".
Exempt levy of customs duty on telecom equipment to boost 5G roll out: COAI
"BCD of 20 per cent is levied on import of most of telecom equipment like optical transport equipment/networks, IP radios, MIMO/LTE products, soft switches, VoIPs, PTN, MPLS -TP, etc. which is disrupting the cost effectiveness of the telcos," said the Cellular Operators' Association of India (COAI), the apex body that represents the telecom sector.
Government aims to produce 1 billion tonnes coal in 2023-24
A total of 290 mines are operational under the CIL, out of which 97 produce more than 1 million tonnes per year. These targets were fixed during a review meeting conducted by Coal Secretary Amritlal Meena on Wednesday, where all subsidiaries of CIL were present.
US, India's absence in regional trade deals will make China to up its role in trade
"While APAC trade has flourished under the auspices of a rules-based international order, the inception of major regional trade agreements and the absence of the US and India from these accords will increase China's centrality to regional trade," Moody's said.
US, India's absence in regional trade deals will make China to up its role in trade
"While APAC trade has flourished under the auspices of a rules-based international order, the inception of major regional trade agreements and the absence of the US and India from these accords will increase China's centrality to regional trade," Moody's said.
ChatGPT demand on Google hits a record high, China takes top interest
Social media giant Tencent opted to remove ChatGPT-related programmes from the WeChat platform. It's worth mentioning that ChatGPT has yet to be officially available in the country. According to data acquired by Finbold, global Google searches for the word aChatGPT' have spiked to hit a popularity score of 92.
Geographical diversification of semiconductor chip manufacturing to happen: Moody's
"Given the substantial investments required and the potential economic concerns for Taiwan, if it were to move a large portion of high-end manufacturing capacity offshore, we do not expect this process to happen swiftly. Still, any disruption to the supply of semiconductors from Taiwan will have effects beyond Asia-Pacific," Moody's Managing Director Michael Taylor said.
Italy ended 2022 with record-high inflation rate
For the year as a whole, prices were an average of 8.1 per cent higher than a year earlier, the highest level in Italy since the introduction of the euro currency in 1999, reports Xinhua news agency. In 2021, the year-on-year increase was just 1.9 per cent.
Higher premium, underwriting discipline by PSUs will ease profitability pressure on Indian insurers: Moody's
According to Moody's, the pressure on profitability of Indian insurers is due to rising claims and reinsurance costs. In a report, Moody's said the Indian insurance industry's growth prospects are favorable, underpinned by an expected seven per cent expansion of gross domestic product
Global smartphone shipments fall 17% in Q4: Report
Despite shrinking demand and manufacturing issues in China's Zhengzhou, Apple reclaimed the top spot in Q4 and achieved its highest quarterly market share ever at 25 per cent, according to market research firm Canalys. Samsung finished the quarter second with a 20 per cent market share but was the largest vendor for the full year.
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