BUSINESS
Core sector output grew 7.9% in September
According to the index of eight core industries data released on Monday, the production growth of eight infrastructure sectors was 9.6 per cent during April-September period of the current fiscal, compared to 16.9 per cent growth in the corresponding period of last year.
RBI's board reviews economic scenario
The RBI board deliberated on the challenges faced by the country owing to the prevailing geo-political scenario. "The 598th meeting of the central board was held under the chairmanship of Governor Shaktikanta Das. The board in its meeting reviewed the current economic situation, global and domestic challenges including the overall impact of current global geopolitical crises," the RBI said in a statement.
Petrol, Diesel prices to be cheaper from today
On Monday, the cost of petrol in the national capital was Rs 96.72, Rs 106.03 in Kolkata, Rs 106.31 in Mumbai and Rs 102.63 in Chennai. The drop in prices was expected as international crude oil prices dropped and have remained stable for some time. The crude oil price has remained below 95 dollars per barrel for some time now.
G20 need to make discourse on energy transition more inclusive: TERI
In a policy brief, TERI identified the vital sectors as agriculture, micro, small and medium enterprises (MSMEs), and transport. Energy transitions, the key factor to achieving sustainable development and climate goals, in recent times have been dominantly centered on "just transitions" in the coal sector with the emphasis firmly on energy supply and mitigation aspects.
Musk dissolves Twitter's board, is now the sole director
"In accordance with the terms of the Merger Agreement, effective as of the effective time of the Merger, the following persons, who were directors of Twitter prior to the effective time of the Merger, are no longer directors of Twitter: Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li, and Mimi Alemayehou," according to the SEC filing.
US market impact for Sensex to cross 60K'
"The ongoing rally which has taken the Sensex above 60,000 has been triggered mainly by the rally in the mother market US where the Dow has recorded four straight weeks of gains," Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
RBI's board reviews economic scenario
"The 598th meeting of the central board was held under the chairmanship of Governor Shaktikanta Das," the RBI said in a statement. "The board in its meeting reviewed the current economic situation, global and domestic challenges including the overall impact of current global geopolitical crises," it added further.
Overall job cuts no more than 5% to avoid role duplication: Byju Raveendran
In a letter to employees seen by IANS, Raveendran said that bringing those who are parting ways "back by putting our company on a sustainable growth path will now be the number 1 priority for me". "I want to emphasise that the overall job cuts are not more than five per cent of our total strength," he said.
'Indian government's gross tax revenue expected to cross budget target'
"The centre's gross tax collections have shown healthy growth so far and is expected to surpass the full year budgeted target despite the custom and excise duty cuts," the ratings agency's Chief Economist Rajani Sinha said. While the scenario is optimistic on the tax collections front, the non-tax revenue could see some shortfall primarily due to lower dividend transfer from the RBI in the current fiscal, she added.
Indian startups make deep hiring cuts, permanent employee hiring down 61%
The hiring for chief experience officer (CXO) has decreased by a massive 1,300 per cent since October 2021, according to the annual insights report by RazorpayX Payroll, the business banking platform of Razorpay. The changing dynamics of the startup ecosystem has resulted in massive shifts in hiring patterns in the last 12 months.
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