BUSINESS
Financial condition expected to be tighter: CRISIL Ltd
In a report, the credit rating agency said the financial conditions are expected to be tight due to the US Fed's policy rates at a decadal high in 2023 despite the looming recession. S&P Global expects the Fed policy rate to peak at 5-5.25 per cent in April-June 2023, with rate cuts only towards the end of the year.
NFRA issues draft guidelines for transparency reports by auditors
In accordance with Rule 8(2) of the NFRA Rule 2018, NFRA intends prescribing publication of ATR containing certain critical information about the auditor's operational activities, management, governance and ownership structures, and policies and procedures necessary to deliver high-quality audits.
Securitisation growth 42% in nine months this fiscal
According to CRISIL Ratings, the market activity in the quarter ended December 2022 continued the momentum witnessed in April to September period. Activity was broad-based, with wider participation, as the number of originators crossed 120 compared with about 100 in the preceding fiscal.
'Gold prices on the upward trend, to touch Rs 60,000/10 gms soon'
"The price of 24 carat gold is expected to touch Rs 60,000/10 grams in couple of days. On Monday, the price was Rs 58,550/24 carat 10 grams including taxes," Madras Jewelers and Diamond Merchants Association President and Challani Jewellery Mart partner Jayantilal Challani told IANS.
Instagram makes people depressed, Twitter makes people angry: Elon Musk
"Instagram makes people depressed & Twitter makes people angry. Which is better?" he asked. Musk's comment created a barrage of reactions on what platforms people like the most. A follower posted that it is Microsoft-owned LinkedIn actually that makes people depressed, not Instagram. Musk replied with a fire sign.
India's trade deficit widens to $24 bn in Dec, exports fell 12%
Merchandise export also fell in December 2022 by 12 per cent to $34.48 billion as against $39.27 billion in the corresponding period of last year. Imports in December 2022 also witnessed a fall to $58.24 billion as against $60.33 billion of the corresponding period of last year.
'Tesla is constantly improving Model S,' says chief designer
In a recent interview with Ryan McCaffrey's podcast, Ride The Lightning, Holzhausen said that it felt like he was working on the Model S every day, reports Teslarati. "Even though we've just done a refresh, and it's a big improvement on the car, we're still looking at how we continue to make it better," Holzhausen said.
Lalit Modi's decision to name son as successor reopens bitter feud, leads to social media outpouring
Soon after Lalit Modi's decision to step down as head of his family branch came to light, his mother Bina Modi, when asked to comment on the development, refused to say anything but added that she will go as per legal advice regarding the ongoing court battle involving her son Lalit Modi.
Federal Bank logs Rs 803 Cr net profit for Q3
According to the bank, for the quarter ended December 31, 2022 it had earned a net profit of Rs 803.61 crore (Q3FY21 Rs 521.73 crore) on a total income of Rs 4,967.25 crore (Rs 3,926.75 crore). Net Interest Income for the quarter ended December 31, 2022 grew by 27.14 per cent to Rs 1,956.53 crore
Indian startups need to reserve cash, listen to customers to stay afloat
On the occasion of the 'National Startup Day', envisioned by Prime Minister Narendra Modi last year, industry experts said that the founders must continuously monitor the trends which are happening in the world. Indian startups fired more than 18,000 employees in 2022 amid a funding winter and macroeconomic uncertainty.
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