BUSINESS
Age just a number - 7 Indian-origin women in Forbes' '50 Over 50' list
While Manjusha Kulkarni, co-founder of Stop AAPI Hate, is listed in the 'Impact' section, the remaining six women are included in the 'Entrepreneurs' category of the coveted list. Kulkari's Stop AAPI Hate is America's leading aggregator of Covid-19-related hate incidents against Asian Americans and Pacific Islanders.
Government invites bids for strategic disinvestment in IDBI Bank
As per the bid details issued by the Department of Investment and Public Asset Management (DIPAM), LIC will cut its stake in IDBI Bank to 19 per cent from 49.2 per cent, while the government will cut its share to 15 per cent from 45.5 per cent at present. According to the conditions of the EoI, private sector banks, non-banking finance companies (NBFCs), foreign banks and even alternative investment funds registered by SEBI can bid for IDBI Bank.
India will give top priority to national interest in FTA negotiations: Piyush Goyal
The minister's statement came at a time when India and the UK are trying to finalise their FTA negotiations by Diwali. Goyal was speaking at a meeting held to review India's export performance in the first six months of this financial year, with key representatives from export promotion councils and industry associations.
'India will buy oil from wherever it wants': Hardeep Singh Puri
On the 2-million barrel a day production cut announced by OPEC+ countries (which include most of India's top sellers), the Minister on Friday added that he would wait for effective the cut to assess the impact on India; the real reduction is by 900,000 barrels a day, according to oil analysts. But, he said generally, global supply falling short of the demand would fuel recession.
Gautam Adani announces investments worth Rs 60,000 crore in Rajasthan
Both CM Gehlot and Gautam Adani arrived for the media interaction in the same e-vehicle. While Gehlot sat next to the e-rickshaw driver, Adani, Torrent Group Chairman Sudhir Mehta and Speaker C.P. Joshi sat came in the rear seat.After Adani and Mehta, Rajasthan Cricket Association President Vaibhav Gehlot interacted with the media. Gehlot himself did not say anything.
Rupee plunges to all-time low of 82.33 against dollar
Rupee had closed at 81.89 on Thursday.It was trading at 82.30 against the dollar in the morning after opening at 82.19 a dollar. Later, it touched an all-time low of 82.33 against the dollar. The all-time low plunge in the rupee has come a day after the World Bank had on Thursday cut India's growth forecast for this financial year by a full percentage point amid rising inflation and adverse geo-political conditions.
Karnataka HC asks Xiaomi to furnish bank guarantee to operate seized accounts
Taking up the petition by Xiaomi against the authorities, Justice N.S. Sanjay Gowda on Thursday stated that an interim order could only be given if the company gives bank guarantees for Rs 5,551.27 crore seized amount. The company had challenged the order passed by the competent authority under FEMA confirming the seizure order of the said amount. The seizure order was issued by the Enforcement Directorate (ED) on April 29.
5G-ready car sales cross 500K first time ever globally
5G-ready car sales surpassed half a million, though 4G accounted for 90 per cent of connected car sales. According to Counterpoint Research, the US overtook China to lead the global connected car market and the top five automakers were Volkswagen, Toyota, GM, Stellantis and Hyundai.
Will give befitting reply to Moody's if downgrade not reversed: Pakistan Finance Minister
On Thursday, Moody's cut Pakistan's sovereign credit rating by one notch to Caa1 from B3, citing increased government liquidity and external vulnerability risks, following the devastating floods that hit the country earlier this year.
LG Electronics' Q3 profit estimated to have risen 25% on-year
The tech company said its profit for the July-September period was predicted to come in at 746.6 billion won ($529 million), up 25.1 percent from 540.7 billion won from the year-ago period. But LG's quarterly profit, in fact, declined on-year after taking into consideration a recall provision of 480 billion won for General Motors Co.'s Bolt electric vehicles during the year-ago quarter, reports Yonhap news agency.
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