Tuesday, February 07, 2023
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BREAKING NEWS
• PAYING OBEISANCE TO 40,000 SIKH MARTYRS WHO SACRIFICED THEIR LIVES ON FEB 5, 1762 FOR THE SAKE OF THEIR RELIGIOUS BELIEF (VADDA GHALLUGHARA - THE BIGGER HOLOCAUST) • Does Dates Increase Blood Sugar? • Man posing as UAE royal family staff cheats Leela Palace of ₹23 lakh, stayed for 4 months • People travel without pants for 'No Trousers Tube Ride Day' in London • Who is MM Keeravani, man behind Golden Globe Award-winning song 'Naatu Naatu'? • Man who worked as a labourer in Kerala is now a judge in US • I killed 25 Taliban militants in Afghanistan, not ashamed of it: Prince Harry • Ronaldo, girlfriend to break Saudi law by living together as unmarried couple
Business
Elon Musk becomes first person ever to lose $200 billion wealth: Bloomberg

Elon Musk has become the first person ever to lose $200 billion from his net worth, Bloomberg reported.

Tax-free slab may be increased to ₹5 lakh under new regime in Budget 2023

A government official said policymakers are examining the possibility of increasing the tax-free slab to ₹5 lakh in the two-year-old personal income tax regime, as per a report.

North Korea again fires multiple missiles

A day after firing at least 23 missiles into the sea, North Korea on Thursday fired multiple ballistic missiles, including a possible failed intercontinental ballistic missile (ICBM).

Asia’s richest banker Uday Kotak weighs $1 billion real estate fund

Synopsis

Kotak Investment plans to complete the fundraising by the end of this year and to embark on its investment in 2023, focusing on residential property in India’s top five cities, a person familiar with the matter said. Deliberations are ongoing and details including size and investor lineup could still change, the person added.

Economists now expect a recession, job losses by next year

On average, economists put the probability of a recession in the next 12 months at 63%, up from 49% in July’s survey. It is the first time the survey pegged the probability above 50% since July 2020, in the wake of the last short but sharp recession.

Rupee not sliding, Dollar strengthening incessantly: Nirmala Sitharaman in US

Responding to a question on Rupee's performance in the US, Finance Minister Nirmala Sitharaman said she would look at it not as the Rupee sliding but as Dollar strengthening incessantly.

Figment of imagination: Capitalmind CEO on viral post on UPI 'killing' toffee business

Drawing a link between candy makers losing revenue and the rise of UPI, GrowthX Founder Abhishek Patil said shopkeepers would "trade toffees for loose cash" earlier, but this stopped with UPI.

World can't afford India to follow China's manufacturing path: Raghuram Rajan

Former RBI Governor Raghuram Rajan in a recent speech batted for a services-led export model for India, instead of following China's manufacturing-led export model.

Tata Group planning to reduce its listed firms from 29 to around 15
Tata Group is reportedly planning to reduce the number of its listed companies from 29 to an estimated 15 in the coming months.
TCS mandates employees to work from office 3 days a week

Tata Consultancy Services has sent an email to its employees mandating them to work from the office three days a week.

Fake accounting: Mohandas Pai as OYO claims first EBITDA positive quarter

TV Mohandas Pai, the former CFO of Infosys, accused OYO of "fake accounting" after the startup claimed it turned EBITDA positive for the first time in the first quarter of FY23, with an adjusted EBITDA of ₹7.3 crore.

Frontline bank staff should be well-versed in local languages: FM

Finance Minister Nirmala Sitharaman said that it is important to have staff who are well-versed in local languages at banks.

Adani Group launches ₹31,000 crore open offer for ACC and Ambuja Cements

Adani Group on Friday launched an open offer to acquire 26% stake each in ACC and Ambuja Cements from public shareholders.

Tata Sons may have to write-off AirAsia India's losses

Tata Sons might have to make a ₹2,600 crore provision as accumulated losses for AirAsia India as Tata-owned Air India seeks to fully acquire the latter's equity share capital, according to a report.

Sebi approval necessary for Adani Group to secure RRPR stake: NDTV Bank Privatisation | Forget big bang, it’s unlikely there will be even a whimper Gold prices today: Yellow metal to remain under pressure amid strong dollar, high yields, hawkish Fed Govt to release data on June retail inflation today RBI hikes repo rate by 50 bps as inflationary pressures intensify Tata Appoints Campbell Wilson As Air India CEO Tata launches long-awaited super app Neu, joins ecommerce battle Tata Group invokes Shakespeare to tell how Vistara, Tanishq got their names RBI keeps repo rate unchanged at 4% for 10th time in a row Retail inflation projected at 4.5% in 2022-23: RBI Bosch India to invest over ₹1,000 cr in localisation of advanced auto tech short 40-yr-old Swiss college dropout's fintech startup shoots his wealth to $19.4 bn Omicron and holiday travel: How to strategise Indonesia bans coal exports in January on domestic power worries Indian rupee gains 12 paise to 74.88 against US dollar in early trade Year Ender 2021: Sensex beaten hands down by majority of the sectorial indices Oil climbs on weaker dollar, China, amid Omicron caution RBI tells board it favours a complete ban on cryptos Is cost of maintaining a strategic petroleum reserve justified? India needs 'self-belief' to draw from its past success: Rajan Cryptocurrency | What happens when RBI issues a digital currency? GDP likely to grow more than 9.5% in FY22: Report Crypto Bill Awaited, Virtual Currency Exchange 'Coinstore' Enters India Most existing cryptos will perish, Raghuram Rajan says Info Edge invests Rs 370 crore in six wholly-owned subsidiaries Go Colors IPO to open for bidding during November 17-22 RBI governor Shaktikanta Das sounds alarm on cryptocurrencies Biden says inflation 'top priority' as US prices hit 30-year high Currency in use at record 14.5% of GDP amid 'dash to cash' India unlikely to take a tough stance on cryptocurrencies
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