BUSINESS
Global gas demand expected to decline by 65 bn cubic metre in 2022: Gazprom
According to preliminary estimates, the decline in global gas demand in 2022 is equal to 65 billion cubic metre, and "55 billion cubic metre from these 65 billion fall on the 27 European countries," Gazprom said in a statement, citing Miller as speaking at a year-end meeting on Wednesday.
Japanese majors pivoting from China to India as land of opportunity: Takashi Suzuki
China is not a threat to India. I don't think that the Covid surge in China will have any major impact on Indian economy or even the supply chain network. It may be dented for sometime but it will be short lived. (Prime Minister Narendra Modi) Modiji's focus on self reliance will go a long way in boosting the overall economy.
India basket of crude rose 102% between Oct 2020-Oct 2022
According to Petroleum Ministry sources, petrol prices stood at Rs 81.06 per litre in October 2020, however by October 2022, they had risen only 19.3 per cent to Rs 96.72 per litre. Similarly diesel prices, which were at Rs 70.53 per litre in October 2020, rose by 27.1 per cent to stand at Rs 89.62 per litre.
Only fuels on approved list to be allowed across NCR from Jan 1
The statutory directions of the Commission require complete elimination of use of coal and other unapproved fuels for various operations or applications across all sectors including industrial, commercial and miscellaneous applications in the entire NCR from January 1.
Business confidence, activity in China are still at low levels
A survey conducted by China's central bank in the fourth quarter shows that business confidence and activity in the world's No 2 economy are still at low levels almost three years after the start of the coronavirus pandemic, indicating a bumpy recovery ahead, the South China Morning Post reported.
Mumbai court extends CBI custody of Kochhars, Dhoot till Thursday
While the Kochhars were nabbed on Friday, Venugopal Dhoot was arrested by the CBI on Monday in connection with a loan fraud case. They were produced before the special CBI court by the Central Bureau of Investigation (CBI) after their custody ended on Wednesday.
Russia to divert metals away from Western countries
Moscow named China, Turkiye, southeast Asia, member states of the Russia-led Eurasian Economic Union and CIS countries as priority areas for diversifying metal supplies. According to Manturov, trade flows will also focus on the Latin American, African, and Middle Eastern markets, RT reported.
Ashneer Grover mocks Uber, says improve services on Earth, not the Moon
"As per Uber - they made trips as long as Milky Way in India. So Mars ki sawaari aap kiske saath karna chahenge (So which company would you pick to travel to Mars)? @UberINSupport @Uber", he tweeted. The options included Elon Musk's SpaceX, Uber Bhaiya if not cancel, and koi airport hi pahucha do (just drop me to the airport).
Income tax exemption limit likely to be enhanced to Rs 5 lakh in budget
The move, if it fructifies, may leave more disposable income in the hands of consumers. It will also boost consumption, which may also lead to an economic recovery, sources said. As of now, the maximum slab of income which is not chargeable to income tax is Rs 2.5 lakh.
SWIFT's Vikesh Patel to lead Cboe Clear Europe
Patel, who will join the company in early 2023, replaces Cecile Nagel, who stepped down from the role in September this year. Patel comes on board with over 15 years of experience in financial market infrastructure and is joining from SWIFT, where he was most recently Head of Securities with responsibility for leading its securities strategy globally.
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