BUSINESS
Central, state intelligence probing cyber-attack on OIL network
The hacker has demanded $75,00,000 as a ransom. "The Central and Assam's intelligence agencies are now investigating the major cyber-attack in the field headquarters of OIL," a senior OIL official told IANS, refusing to disclose further details. OIL's Manager, Security, Sachin Kumar, had filed an FIR with the police on Tuesday night, complaining that their server, network, and other related services.
PLI scheme boosts production of over 35 products in India: Mandaviya
PLI scheme has led to initiate production of more than 35 products in India, said Union Health Minister Mansukh Mandaviya on Thursday. Mandaviya said the pharmaceutical industry has a vital role to play in realising the vision of 'Atmanirbhar Bharat'.
Alliance Air no longer a subsidiary: Air India
In a tweet, the airline said: "Passengers holding tickets of Air India with a 4-digit flight number starting wiith '9' or 3-digit flight number starting with '9I' may please be informed that these bookings belong to Alliance Air. "Bookings or Queries related to Alliance Air will not be handled by Air India from 15 April, 2022."
Ashneer saga has no impact on our growth: BharatPe
The company had $300 million in revenue at the end of FY23, and exited March with around $100 million in sales. "We have no immediate plans to raise capital. We exited March at around $16 billion in annual total payment value (TPV) and aim to have payments TPV of $30 billion by March 2023," the company said.
Twitter board to evaluate 'unsolicited, non-binding' Musk $43 bn offer
Earlier in the day, Musk made an offer to buy 100 per cent of Twitter at $54.20 per share, a 54 per cent premium over the closing price of Twitter on January 28, 2022, the trading day before Musk began investing in the company. This is a 38 per cent premium over the closing price of Twitter on April 1, 2022, the trading day before Musk's investment in Twitter was publicly announced.
Crisis in Ukraine could slash global trade growth by half in 2022: WTO
The ongoing conflict between Russia and Ukraine has dealt a severe blow to the global economy, reducing projected global trade growth for 2022 from the 4.7 per cent predicted last October to between 2.4 per cent and 3 per cent.
Sri Lanka's sovereign default process has begun, says rating agency
Fitch Ratings lowered its assessment of the South Asian nation, saying "a sovereign default process has begun". S&P Global Ratings made a similar announcement and said that a default is now a "virtual certainty". This week, Sri Lanka said it will temporarily default on its foreign debts as it faces its worst economic crisis in more than 70 years.
Tech billionaires earning more while paying less taxes: Report
The report, which scanned secret Internal Revenue Service (IRS) files, revealed the top US income-earners and how their tax rates vary more than their incomes.
High fuel prices to hit near-term demand, recovery seen in H2
Driven by a more broad-based pickup in economic activity as the country adapts to live with Covid-19 amid higher vaccination rates, India's oil demand in second half of calendar year 2022 is expected to be 275,000 barrel per day, said S&P Global Commodity Insights which was curated by analysts JY Lim and Kang Wu.
RIL weighing possible bid for Walgreens' Boots chain
Reliance is in the early stages of exploring the feasibility of an offer for the Boots chain, the people said, asking not to be identified discussing confidential information. Ambani, one of India's richest men, is in the midst of pivoting his traditionally refining-focused conglomerate toward businesses that will better help him tap India's billion-plus consumers. He's also been chasing deals in Europe, including in the telecoms sector, the report said.
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