BUSINESS
RBI panel holds meeting to draft response to Centre on failure to check inflation
According to a statement issued by the central bank, the MPC's meeting was held "to discuss and draft the report to be sent to the Government by the RBI under the provisions of Section 45ZN of the RBI Act, 1934 and Regulation 7 of RBI MPC and Monetary Policy Process Regulations, 2016".
The US and its struggling economic universe
Treasury yields have been rising after the Fed's latest decision on rates, which rose another 0.75 percentage point. But more notably, Fed Chair Jerome Powell said it wasn't time to back off rate increases, though he conceded they may get smaller as the central bank soaks in economic data and studies how well its actions till now have done their job.
Greater investment needed in coal production projects: Nirmala Sitharaman
Launching the sixth round of coal mine auction of the Ministry of Coal here the finance minister Nirmala Sitharaman highlighted that India is at present the best investment destination in the world. The minister pointed out that due to policy consistency and transparent process of the present Government, coal imports for power sector has come down by 41 per cent.
India needs to become a quality conscious nation: Piyush Goyal
Addressing a seminar on Bureau of Indian Standards (BIS) - emerging global trends in laboratories of Atmanirbhar Bharat, Commerce Minister Piyush Goyal said that until India becomes a leader in quality, it will not be able to become a developed economy.
Meta India head Ajit Mohan moves on
"Over the last four years, he played an important role in shaping and scaling our India operations so they can serve many millions of Indian businesses, partners and people," Nicola Mendelsohn, Vice President, Global Business Group, Meta, said in a statement to IANS.
HDFC logs Rs 4,454 crore net in Q2
In a regulatory filing, HDFC said it had logged an operational revenue of Rs 15,027.21 crore (Rs 12,215.95 crore Q2FY22) and a net profit of Rs 4,454.24 crore (Rs 3,780.50 crore) for the period ended September 30. For the first half of FY23 HDFC registered an operational revenue of Rs 28,27.52 crore (Rs 23,873.42 crore) and a net profit of Rs 8,123.06 crore (Rs 6,781.17 crore).
Adani Total Gas announces H1 FY23 results
"ATGL continued with full vigour and resilience in significantly augmenting and investing in creating backbone CGD infrastructure across all its Geographical Areas with crossing 6.25 lakh PNG Home Connections mark, crossing of 10,000 inch-km of steel pipeline, enhancing PNG supplies to 6,088 businesses/industries and enhancing CNG footprint to 367 stations," said Suresh P. Manglani, CEO of Adani Total Gas.
Qualcomm will provide 5G modems for 'vast majority' of iPhone 15 series
Akash Palkhiwala, Chief Financial Officer at Qlaucomm, said during the company's fiscal Q4 earnings call that for Apple product revenue, "we now expect to have the vast majority of share of 5G modems for the 2023 iPhone launch, up from our previous 20 per cent assumption".
'Not receiving any instructions from Vijay Mallya', lawyer to SC
A bench comprising Justices D.Y. Chandrachud and Hima Kohli asked the lawyer to provide Mallya's email and residential address in the UK to the court registry. Counsel submitted that he wants to be discharged from the case since he is not receiving any instructions from Mallya.
SC asks AIIMS to examine health of DHFL ex-CMD, seeks report within week
The ED arrested Kapil Wadhawan and his brother Dheeraj Wadhawan under the provisions of the Prevention of Money Laundering Act (PMLA), after registration of a CBI FIR. Rohatgi pressed that his client is entitled to go for treatment of his choice and requires constant medical attention which is not possible in jail.
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