BUSINESS
Inflation in Netherlands hits 47-yr high in 2022
Food and motor fuels also had an impact on inflation. Food was 10.8 per cent more expensive than 12 months previously. In 2021, food prices were still 0.2 per cent lower. The rise in food prices was mainly caused by meat, dairy products, bread and grains, and vegetables.
Global economy staring at two recessions in same decade which would mark a first in over 80 years
Given the fragile economic conditions, any new adverse development -- such as higher-than-expected inflation, abrupt rise in interest rates to contain it, a resurgence of the Covid-19 pandemic, or escalating geopolitical tensions -- could push the global economy into recession.
Meta now 'rescinds' full-time job offers amid recession fears
According to tech writer Gergely Orosz, Meta has rescinded job offers in London, "as I confirmed with developers impacted. New grads with offers due to start in February have been taken back in bulk. I know of about 20 people so far". "This is the first time I'm aware that Meta is taking back signed, FTE (full-time employment) offers," Orosz said in a tweet.
Crypto exchange Coinbase fires 950 people, shuts down 'several' projects
Coinbase Co-founder and CEO Brian Armstrong said that as part of this round of headcount reduction, "we will be shutting down several projects where we have a lower probability of success". The crypto company in June last year eliminated 18 per cent of its workforce, or nearly 1,100 people.
Coal India bullish on pursuing projects through MDO mode
MDOs, sources say, bring to the table mutually beneficial technology infusion, economically viable operations and increased production. Since contracts offered to them are on long-term basis, allied infrastructure at mine projects also would be developed by these private players.
Go First begins probe, offers free tickets as DGCA holds airline did not comply with rules
Moreover, the airline decided to offer all affected passengers one free ticket for travel on any domestic sector. "In line with our philosophy of customer centricity, the airline has decided to offer all affected passengers one free ticket for travel on any domestic sector in the next 12 months," said the airline in a statement.
Rs 13,573 crore invested via MF SIPs in Dec' 22
Last month's SIP contribution was much higher than Rs 11,305.34 crore that was invested in December 2021. "Investors will continue to invest in the India growth story through the mutual fund route over the near future. Investors are looking forward to a growth-oriented budget which should have a positive impact on the markets.
Take a virtual tour of MG Pavilion at 'Auto Expo 2023' in metaverse
MG has teamed up with Metadome to offer an enriching digital experience for remote visitors. The MGverse offers an integrated Explore & Creator's centre, a virtual experience zone with extended customer experience touchpoints and the MG Arena including an 'Avatar Shop', among other options.
Ethanol blending hiked from 1.5% to 10% since 2013-14: Government
He said that India has been able to navigate through the most formidable energy crisis the world has seen since the 1973 oil crisis thanks to its energy security strategy focussing on diversification of energy supplies, increasing India's exploration and production footprint, and meeting energy transition through gas-based economy, Green Hydrogen and electric vehicles.
BharatPe finally gets RBI nod for online payment aggregator
The company said that the in-principle approval has been awarded to Resilient Payments Private Ltd, a 100 per cent owned subsidiary of Resilient Innovations Private Ltd (BharatPe). "At BharatPe, we have been committed to empowering offline merchants and kirana store owners in the country and have already built a network of 1 crore merchants across more than 400 cities," said Nalin Negi, CFO and interim CEO, BharatPe.
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