BUSINESS
India saw sales worth Rs 76,000 cr in festive month: Report
According to Bengaluru-based Redseer Strategy Consultants, the tier 2 and above cities drove this growth and contributed 57 per cent of festive GMV (gross merchandise value). The growth was largely driven by the fashion category, led by unbranded fashion.
UK Chancellor announces tax hikes, spending cuts to restore finances
To raise further funds, the threshold at which higher earners start to pay the top 45 per cent rate will be reduced from 150,000 pounds to 125,140 pounds, while the income tax, inheritance tax and national insurance thresholds will be frozen for a further two years until April 2028, Xinhua news agency quoted the Chancellor as saying.
Your client is trying to be too clever by half', Supreme Court to Future Group
Expressing concern, a bench headed by Chief Justice D.Y. Chandrachud told senior advocate K.V. Viswanathan, representing the Future Group, that the intention of his client is to defeat the arbitration, and that it is stultifying the order of this court.
ED Director Sanjay Kumar Mishra gets fifth extension
Sanjay Kumar Mishra four-year-long tenure in the ED was to be completed in November 18 this year but he has been given another stint as head of the Central anti-money-laundering probe agency. Last year, the Central government had brought an ordinance to amend the Central Vigilance Commission Act, through which Mishra's tenure was extended till November 18, 2022.
Amazon CEO confirms more layoffs coming in early 2023
The e-commerce giant publicly confirmed some layoffs on Wednesday and now, Jassy has said more layoffs are coming as Amazon's annual planning process extends into the new year. "Those decisions will be shared with impacted employees and organisations early in 2023," he said in a statement late on Thursday.
'Achieving $5trillion economy target possible only by 2030'
The banks' officials are learnt to have told the Parliamentary panel that around 10 per cent GDP growth is needed to achieve the $5 trillion dollar economy target before 2030. However considering the prevailing global economic situation, this growth rate does not look possible, the banks' officials are learnt to have said.
2023 a challenging year for emerging markets: Moody's
"Our negative outlook on credit conditions for EMs will permeate to sovereigns, companies and banks. Although higher-rated EM issuers have the credit fundamentals to weather the turn in the cycle, weaker entities with ratings of B or below are vulnerable given their limited financing options and reduced capacity to absorb shocks," the credit rating agency said.
India's TWS shipments double in Q3, boAt leads: Report
According to Counterpoint Research, boAt grew 128 per cent (year-over-year) to mark its nine successive quarters of lead, while Noise stood second for the fourth consecutive quarter, and OnePlus bounced back strongly in the top-five rankings with a 6 per cent share in Q3.
Nirmala Sitharaman exhorts NIIF to leverage India's investment fundamentals
The finance minister Nirmala Sitharaman exhorted the NIIF team to also explore opportunities under the National Infrastructure Pipeline, PM GatiShakti and National Infrastructure Corridor, which include a big pool of investible greenfield and brownfield investment projects.
Apple rolls out redesigned iCloud.com website
The website now features a colourful background with tiles for the Apple ID account, Photos, Mail, iCloud Drive, Calendar and Notes, reports MacRumors. Additionally, there is a tile with icons for additional applications such as Find My, Pages, Numbers, Keynote and more.
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