BUSINESS
How Apple iPhone 14 Pro is super ideal for India's growing creator economy
Those who do not like bigger displays, iPhone 14 Pro is a perfect companion to create, edit and share videos/photos on social media. Powered by A16 Bionic, the fastest chip ever in a smartphone, iPhone 14 Pro introduces a new class of pro camera system, with the first-ever 48MP Main camera on iPhone featuring a quad-pixel sensor, and Photonic Engine, an enhanced image pipeline that dramatically improves low-light photos.
'Amongst NIFTY Top 500, cement, metals, mining companies do better Environmental Impact reporting'
Companies in the cement, metals and mining industry report better quality data on environmental topics. This finding is part of a first of its kind comprehensive study by Sculpt Partners of the state of sustainability reporting by the top 500 listed companies in India as of Financial Year 2021-22. Sculpt Partners had analysed multiple publicly available resources such as annual reports, websites, investor releases, and other filings on sustainability topics.
Samsung, SK hynix vow to run China factories despite US chip export curbs
The Joe Biden administration announced a set of restrictions last week that will cut China off from certain semiconductor chips made with US equipment in an apparent bid to slow Beijing's technological and military advances. The move was feared to disrupt operations of the South Korean chip giants in China, as they must undergo a case-by-case review by Washington to sell advanced chips to China, reports Yonhap news agency.
Livspace earmarks $100 mn to invest in D2C brands in home segment
With this money, Singapore-based Livspace aims to create multiple home interiors and renovation solutions and D2C offerings which serve homeowners across various segments in its markets across India, South-east Asia and the Middle-East region. "As we continue to scale across new segments in existing geographies and enter new regional markets, we are looking for successful businesses and like-minded entrepreneurs that help us scale even faster," said Anuj Srivastava, CEO and Co-founder, Livspace.
RBI looking at phased implementation strategy to launch digital currency
"RBI has been exploring the pros and cons of introduction of the CBDCs for some time. As there are multiple compelling motivations for the introduction of CBDCs, RBI is currently engaged in working towards a phased implementation strategy, going step by step through various stages of pilots followed by the final launch, and simultaneously examining use cases that could be implemented with minimal or no disruption," the note said.
'Europe will feel consequences of rejection of Russian energy for another 20 years'
"The Europeans kept repeating, like a mantra, that it was necessary to get rid of dependence on Russia for energy resources, oil and gas, . As a result, in European countries today production is being curtailed, de-industrialisation is on the way. All this, and, probably, in the next 10-20 years, at least, will have very, very deplorable consequences for the European continent," Peskov said, RT reported.
Elon Musk reveals to Indian follower how Tesla caught employee who leaked data in 2008
Vaibhav Balghare who has a Twitter handle @NASAEarthMars asked Musk that how did he caught "that employee who leaked the confidential data of Tesla and sold it to the news outlet?" in 2008. The Tesla CEO replied: "That is quite an interesting story. We sent what appeared to be identical emails to all, but each was actually coded with either one or two spaces between sentences, forming a binary signature that identified the leaker".
Markets to gain after initial setback
At the end of the week, BSESENSEX gained 764.34 points or 1.33 per cent to close at 58,191.29 points while NIFTY gained 220.30 points or 1.29 per cent to close at 17,314.65 points. The broader indices saw BSE100, BSE200 and BSE500 gain 1.22 per cent, 1.28 per cent and 1.37 per cent respectively. BSEMIDCAP gained 2.14 per cent while BSESMALLCAP gained 2.57 per cent. Markets gained on two of the four trading sessions and lost on the remaining two.
Direct tax collection grows 23.8% to Rs 8.98 lakh cr till Oct 8
Direct tax collection, net of refunds, stood at Rs 7.45 lakh crore, which is 16.3 per cent higher than the net collection for the corresponding period of last year. This collection is 52.46 per cent of the total budget estimates of Direct Taxes for 2022-23. Refunds amounting to Rs 1.53 lakh crore have been issued between April 1 and October 8, which are 81 per cent higher than refunds issued during the same period in the preceding year.
This CEO wants people to be happy that he laid off 500 employees
McCarthy was apparently surprised to learn that media reports "accentuated the negative" from his lay-off announcement. The Verge reported, citing an internal memo the CEO issued, that accused the Wall Street Journal of creating the wrong impression instead of praising the company.
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