BUSINESS
Unilever recalls Dove, other aerosol dry shampoo brands
Benzene can cause cancer. As per reports, some other brands which have been recalled include Nexxus, Suave, Tresemme and Tigi, which makes Rockaholic and Bed Head dry shampoos, according to a notice posted on the Food and Drug Administration's website.
Meta must cut 20% jobs, reduce spending on metaverse: Key investor
In an open letter on Medium addressing Zuckerberg, Altimeter Capital Chair and CEO Brad Gerstner said that Meta needs to re-build confidence with investors, employees and the tech community in order to attract, inspire, and retain the best people in the world. "In short, Meta needs to get fit and focused."
Wheat procurement, MSP fell in current Rabi season 2022-23 due to geopolitical situation: Government
According to official sources, wheat procurement in the current season of 2022-23 fell by 56.64 per cent compared to 2021-22 season. In 2022-23 Rabi season, wheat procurement was only 187.92 lakh metric tonnes (LMT) down by 56.64 per cent from 433.44 LMT procured in 2021-22.
China shares slump in US as Xi starts 3rd term
Chinese technology giants Alibaba and Baidu fell by over 12 per cent in New York, the BBC reported. investors fear the world's second largest economy will be held back by its tough Covid-19 restrictions. One analyst said Beijing was in a "tug-of-war" between measures to boost growth and its zero-Covid policies.
India Space Congress 2022 enables startups to partner in $1.5tn space economy
As part of the Founders hub program, 15 selected startups may apply to Founders Hub and avail up to $150,000 worth of free Azure credits. Five finalists of Space Tech startups will be pitching their ideas to the industry leaders and investors at the session 'Pitch Right for Skyrocketing Startups' on October 27, 2022. A specially curated mentorship engagement with senior executives of leading companies is in store for the startups.
Japan keeps economic view for 4th straight month
According to the Cabinet Office, volatility in financial markets following the yen's recent slump against the US dollar is being closely monitored, and while business investment has shown an improvement, Xinhua news agency quoted the report as saying. "The Japanese economy is picking up moderately. Full attention should be given to price increases, supply-side constraints and fluctuations in the financial and capital markets," the report added.
Softbank-backed health unicorn Cerebral laying off 400 people
According to The Wall Street Journal, nearly 400 people will lose their jobs, primarily clinical staff and care counselors. A memo from its CEO, David Mou said the cuts would affect employees across the company, including at headquarters and among clinical care staff and support workers.
Crypto industry welcomes Rishi Sunak, a 'champion of fintech'
Under former Prime Minister Boris Johnson, he wanted to turn the country into a crypto hub, reports CoinDesk. He helped formulate the Financial Services and Markets Bill, which, if passed into law, could give local regulators sweeping power over the crypto industry. It is likely to begin with bringing asset-driven crypto, like stablecoins, into the scope of payments regulations.
Samvat 2078 of to a solid start
BSE Sensex opened at 59,804 points, a gain of about 500 points compared to the previous close. Nifty opened at 17,736 points, a gain of about 160 points. The highs of the day were 59,994 and 17,777 points respectively. Markets closed at 59,831.66 points, a gain of 524.51 points while Nifty closed at 17,738.45 points, a gain of 162 points.
Saudi Arabia draws India's Mundra port into a larger Gulf network
Mundra Port, India's top container gateway, will connect King Abdulaziz Port in Dammam. Every fortnight the vessel "Green Ace", with a carrying capacity of 1,740 TEUs will sail not only to Dammam in Saudi Arabia's Eastern Province, but also to other Gulf ports -- Jebel Ali (UAE), Khalifa Bin Salman (Bahrain), Hamad (Qatar).
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