In this issue

November 23, 2022

With ₹36,000-cr infusion, AWS to support 48K jobs

The construction and operation of the AWS Asia Pacific (Hyderabad) Region is also estimated to add approximately $7.6 billion (Rs 63,600 crore) to India's gross domestic product by 2030.

1 min

Indian 4G & 5G stack piques global interest

Global vendors like Nokia and Ericsson have been selling both proprietary hardware and software integrated into one which does not give users any flexibility.

3 mins

Aus Parliament clears path for FTA with India

Both nations prepare for New Year roll-out; DTAA with New Delhi amended, too

2 mins

Google may fire 10K employees

The news on layoff at Google has come within days of a letter that hedge fund TCI, an investor in the company, wrote to Alphabet. TCI has shares worth $6 billion in Alphabet.

1 min

Markets expect 35 bps rate hike before a breather

RBI Deputy Governor Michael Patra recently described the OIS as the primary instrument for hedging interest rate risk in India.

3 mins

Skyroot impact: Funding for space start-ups zooms

India currently has 104 space startups and 368 space tech companies, according to official data.

2 mins

Risk of subscriber churn high on Airtel tariff hike

Move seen as a way of gauging impact as precursor to nationwide increases

3 mins

Air India tops on-time performance first time in years

As per data from the Directorate General of Civil Aviation, On-time performance of Air India flights was 90.8 per cent followed by Vistara and AirAsia recording on-time performance of 89.1 per cent during October.

1 min

1st in 7 months: No. of mobile subscribers falls

Rural India saw subscriptions fall by 3.7 million. Urban barely offset that with a rise of 540,000.

1 min

Rajiv Kumar on India policy board of Sotheby's

Rajiv Kumar, the former Vice-Chairman of the Niti Aayog, has joined the policy and advisory board of property consultant India Sotheby's International Realty.

1 min

Buy land before signing contract, Noida int'l airport CEO urges govt

In July 2021, the state government handed over 1,334 hectares of land to the Swiss company for the Phase I construction, which is scheduled to be completed by September 2024.

1 min

World in turmoil, domestic pharma firms target India for healthy growth

Share of India revenue in home-grown firms' consolidated turnover rising over the years

2 mins

No takers for NDTV open offer on Day 1

The open offer for 16.7 million shares at ₹294 apiece will close on December 5. The nearly ₹493-crore open offer is for an additional 26 per cent stake in the company.

1 min

Ambani: India to grow 13-fold to $40 trn by 2047

CLEAN ENERGY, DIGITISATION KEY DRIVERS

1 min

OECD trims India's GDP forecast for FY23 to 6.6%

Global economy may grow just 3.1% this year, down from 5.9% in 2021

1 min

Growth in Q2 may've gone past MPC's 6.3% estimate

The economy expanded 8.4 per cent in the second quarter last fiscal year. The Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) had projected it to be 6.3 per cent.

3 mins

Legal hitch keeps small field oil operators liable for windfall tax

Entities whose FY22 crude oil output was less than 2 mn barrels exempted from the tax already

2 mins

India is best among G20 nations in climate index

The index is published by German Watch, New Climate Institute and Climate Action Network International based in Germany.

1 min

UP looks for image makeover with roadshows in 18 nations

This is the first time that the two-term Yogi Adityanath-led Bharatiya Janata Party (BJP) government is wooing foreign investment in such an organised way.

2 mins

Done With Layoffs, Musk Says He Wants To Go On Hiring Spree

$8 plan put on hold indefinitely over fake accounts

2 mins

Penguin scuttles $2.2-billion deal to merge with Simon & Schuster

Paramount said on Monday that Simon & Schuster was a \"non-core asset\" to Paramount.

1 min

China Covid cases near record high since pandemic began

Over 28,000 new infections reported nationwide; Beijing shuts businesses, schools in hard-hit districts, tightens rules for entering the city

1 min

IPO withdrawal effect: Unlisted market plays on the backfoot

Trading activity slumps amid uncertainty for start-up listings; dealers don't expect quick recovery

2 mins

Trai amends NTO 2.0 to restore price cap on bouquet TV channels to ₹19

Prior to the NTO 2.0, the price cap for TV channels part of a bouquet was ₹19.

2 mins

Saudi Arabia stun Argentina

The result brought to an end Argentina's 36 match unbeaten streak since losing the 2019 Copa America semifinal to Brazil.

1 min

Meta is India's largest media company

A look at the 10 big media firms in the financial year ended 2022

1 min

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