In this issue

November 21, 2022

'Everything shouldn't be hardcoded into this Bill'

The government has chosen the middle path while writing the draft digital data protection Bill, by not going to the extremes of complete government control or a free hand to Big Tech companies, says ASHWINI VAISHNAW, Union communications and electronics & information technology minister, in an interview with Surajeet Das Gupta & Sourabh Lele. He discusses a range of provisions in the Bill, including a list of trusted countries and penalties for violations. Edited excerpts:

1 min

National with a regional twist: FMCG majors tweak product line-up

Fast-moving consumer goods (FMCG) companies in India are tweaking their products to serve consumers' changing preferences across different geographies to take on local brands and increase market share.

1 min

Climate deal delivers Loss & Damage Fund

But no funding details; final draft skips 'phasing down' all fossil fuels

3 mins

Ola Electric to charge up capacity to 4 mn

Company may roll out its e-cars from 2024

2 mins

'Data protection board would be digital by design'

ASHWINI VAISHNAW, Union communications and electronics & information technology minister, in an interview with Surajeet Das Gupta & Sourabh Lele, says the primary purpose of the data protection board is resolve disputes, solve grievances, and ensure that everything in this Bill is properly implemented. He further says the government is looking to present the Bill before Parliament during the Budget Session. Edited excerpts:

3 mins

Price volatility takes sheen off aluminium firms'capex

Companies in the aluminium sector like Vedanta and Novelis, which is Hindalco's US subsidiary, are pruning their capital expenditure (capex) needs for the current financial year (FY23) as high cost of production and volatility in global aluminium prices force players to redraw their plans.

2 mins

Big portion of Telecom Bill to be implemented by Trai: Vaishnaw

Communications minister Ashwini Vaishnaw said that implementation of a substantial portion of the proposed telecom Bill will be undertaken by the Telecom Regulatory Authority of India (Trai) and its consultative role in formulating telecom rules will continue.

1 min

Experts seek clarity on timelines & definitions

Say some of the open-ended language may need refining

3 mins

Mumbai airport may incur losses in near future: MIAL

'Operations, profitability have been severely impacted due to the pandemic'

2 mins

Transactions were audited, given clean chit: Srei promoter

₹13,110-CR FRAUD FLAGGED BY AUDITOR

1 min

From 0 to 48: Direct flights between India and Canada shoot up since '14

There were no non-stop flights between the two countries in 2014. This has risen to 48 in 2022.

1 min

Flows into NRI deposits surge, but outstanding amount falling

However, the streak of decline in outstanding NRI deposits continued in the six months of 2022-23.

1 min

Tomatoes, onions, potatoes cheaper since early Nov

Retail prices of 3 major vegetables may pull down overall food prices

2 mins

Data Bill may lead to UK, EU data adequacy deals

India may find it easier to derive data secure status by negotiating data adequacy agreements with the UK and the European Union (EU) once the digital personal data protection (DPDP) Bill is passed in Parliament.

2 mins

New formal job creation fell again in September

Enrolment of new female subscribers fell faster (11.39 per cent) than their male counterparts (8.13 per cent) in September, compared with the previous month.

1 min

FPIs snap up equity worth ₹30K cr in Nov

Further, valuations in markets like China, South Korea and Taiwan are very attractive now and so more FPI money is likely to move to these markets, he added.

1 min

Ukraine nuke plant shelled; it risks major disaster: IAEA

More than a dozen blasts shook Europe's biggest N-power plant

1 min

Musk may fire more staffers today, this time in sales team

Elon Musk is considering even more layoffs

1 min

Trump snubs Twitter after a/c reactivated

Over 15 million Twitter users voted in the poll

1 min

Moving the goalposts: Qatar's tarnished World Cup too big for brands to boycott

Human rights groups are in uproar over everything from the treatment of LGBTQ people in a country where homosexuality is illegal to the deaths of construction workers building the stadia.

4 mins

SIP's share in MF AUM hit new high of 17% in October

But overall AUM has increased a mere 6%

1 min

Multiple headwinds could act as margin tourniquet for diagnostics

Competitive pressures, valuations cap gains from current levels

3 mins

Multi-individual travel plans are costlier but offer better coverage

Buy this type of plan instead of a floater cover when heading to a developed country

3 mins

Make or buy: EV makers' supply chain dilemma

With China dominating this space, companies have a critical decision to make as the market steadily expands

4 mins

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