BUSINESS
Global economy to grow at 2.7% in 2022, 2.3% in 2023: Moody's Analytics
In its latest report, Moody's Analytics said the global environment is more fragile as record high inflation in the US and Europe continues to gain momentum while growth decelerates. Stagflation risks have risen worldwide, but a stagflationary environment would take months to be realised. Business sentiment remains muted and is consistent with a global economy that is just avoiding recession, Moody's Analytics said.
realme aims to launch 100% 5G smartphones in its Number series in 2023
With all of these developments, technology brands have also prepared themselves for 5G, realme being one of the readiest brands with 5 million realme users already equipped with 5G-enabled smartphones. realme was the first brand to introduce a 5G smartphone in India in 2020 when conversations about 5G had just started.
India's non-petroleum exports to UAE grew 14%
According to official data released by Commerce Ministry, India's global non-petroleum exports during the same period (June-August 2022) grew by 3 per cent on an annual basis. This implies the growth rate of India's non-petroleum exports to the UAE is almost 5 times as that of India's non-petroleum exports to the world.
British pound plunges to all-time low against USD
During early Asia trade on Monday morning, the pound fell by more than 4 per cent to $1.0327 before regaining some ground to around $1.05, said the BBC report. Monday's slump came just two days after the British currency fell to a fresh 37-year low against the US dollar as investors worried that large-scale tax cuts announced by the government would bring much fiscal uncertainty.
Musk set to depose before Twitter lawyers ahead of Oct trial
The deposition is slated for September 26-27 and may run into September 28 if needed, according to court filings, reports Benzinga. The deposition, ahead of the full-blown October 17 legal trial in the Delaware Court of Chancery in the US, will not be a public one.
Interpol issues red notice for crypto firm Terraform founder Do Kwon
South Korean prosecutors have requested Interpol's assistance to trace the whereabouts of Kwon, the wanted founder of Terraform Labs accused of fraud following the massive collapse of the firm's cryptocurrencies earlier this year. The request came after Singapore's police said that Kwon was not in the city state, where prosecutors had believed he was residing, reports Yonhap news agency.
Digital banking infrastructure provider Signzy raises Rs 210 cr
The Bengaluru-based fintech company would use fresh funds to boost its product portfolio towards a greater adoption of its platform by the global banking and financial services customers. "Signzy has seen strong adoption of its �No-code' product by financial services companies. The solution has been developed from the ground up to allow banks and financial services providers to roll out and offer fintech-like user experiences in a matter of days," said Ankit Ratan, CEO of Signzy.
Look for opportunities to buy on dips
BSESENSEX lost 741.87 points or 1.26 per cent to close at 58,098.92 points while NIFTY lost 203.50 points or 1.16 per cent to close at 17,327.35 points. The broader markets saw BSE100, BSE200 and BSE500 lose 1.21 per cent, 1.25 per cent and 1.23 per cent respectively.
Pakistan could import wheat from Russia: PM Shehbaz Sharif
Pakistan may have to import about a million tonnes of wheat after the floods submerged one-third of Pakistan's territory and left 33 million of its people scrambling to survive, The News reported. In an interview, the prime minister Shehbaz Sharif said the wheat could come from Russia, but the country is open to other offers. The country also needs fertiliser because factories involved in their production are closed, he said, The News reported.
Samsung sells over 1.2 mn Galaxy devices worth Rs 1,000 cr in 24 hours
The Galaxy series of smartphones were among the most sought-after devices on both major e-tailers Amazon and Flipkart. In value terms, Samsung sold Galaxy devices worth over Rs 1,000 crore in 24 hours. Galaxy M13 was the bestseller, while the recently-launched Galaxy M32 Prime Edition was among consumers' top choice for Amazon's Kickstarter deals, according to the company
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