BUSINESS
Government keeping watch on inflation: Nirmala Sitharaman
Responding to a discussion on Supplementary Demands for Grants in the Rajya Sabha, Nirmala Sitharaman said that wholesale price index (WPI) based inflation has slid to a 21-month low. Retail inflation also fell to a 10-month low of 5.88 per cent in November 2022, after remaining beyond the RBI's upper tolerance level of 6 per cent.
Pakistan's economic crisis deepens amid growing political turmoil
According to local newspaper Dawn, Dalal Securities CEO Siddique Dalal said the index fell due to a number of reasons, including fear of the dissolution of Punjab and Khyber Pakhtunkhwa assemblies and rising political confrontations which had damaged investor confidence.
To keep inflationary expectations anchored, repo rate hiked: RBI's MPC
According to minutes of the MPC released on Wednesday, it noted during its meeting held between December 5 to 7, that in case of food, while vegetable prices are likely to see seasonal winter correction, prices of cereals and spices may stay elevated in the near-term on supply concerns.
Demand for high-skill talent on contract grows by 105% in last 12 months: Report
According to tech-led enterprise gig platform Awign, about 85 per cent of the overall demand coming from enterprises has been for gig talent in tech roles which include roles of full stack developers, data scientists, React and Java developers, mobile app developers, and cloud engineers.
Software exports from Technopark grow 15% to touch Rs 9,775 crore
During the fiscal 2020-21, the total exports stood at Rs 8,501 crore. The first in the country when it opened up here in the late 1990s, Technopark is presently home to 70,000 employees, working in 470 companies with a total IT built up area of 10.6 million square feet.
Apple suppliers to invest Rs 2,800 cr in UP as iPhone maker to move more manufacturing to India
YEIDA CEO Arun Vir Singh told IANS that these companies have already deposited 10 per cent of the proposed allocation for land in Sector 29 under the Yamuna Authority near the upcoming Jewar airport in Greater Noida. "Seiko Advance Limited, an ink manufacturing company, expressed its desire to make its product on 5 acres of land in Sector 29 of YEIDA," Singh informed.
'Indian investors are changing their finances worried over inflation, recession, economic uncertainty'
According to the report prepared by Standard Chartered Bank, Indian investors have made changes to their finances like spending less, making new decisions around their portfolios, which will prompt shifts in major asset classes. According to report, to outpace inflation, 61 per cent of global investors are looking to reduce their cash holdings, compared to 70 per cent in India.
Pilots' body issues notice to Air India over change in service conditions
The pilots' associations have written multiple letters to the Air India management in the last couple of weeks and sources said that they are planning to go on strike if the demands are not met.
IRDAI scraps 'burning cost' pricing; GIC RE scrip down
The share prices of national reinsurer GIC Re which was on the upswing for the past several days opened at Rs 188.45, touched a high of Rs 190.45 and came down to Rs 176.45 on the BSE.
Lina Khan-led FTC grills Zuckerberg over Meta's plan to acquire Within
Lina Khan-led US Federal Trade Commission (FTC) grilled Meta Founder and CEO Mark Zuckerberg in a hearing about the company's acquisition of virtual reality (VR) company called Within that owns the popular fitness app 'Supernatural'.
Don't Miss
Advertisement