In this issue

December 03, 2022

Tepid demand for cyber insurance despite rise in attacks

The rise in cyberattacks against institutions appears not to have led to a concomitant increase in demand for cyber insurance policies.

2 mins

At least 400: FIS begins lay-offs

Global fintech software provider Fidelity National Information Services (FIS) has started laying off its employees in India, a year after it announced plans to hire 10,000 people in the country, multiple sources confirmed on Friday.

2 mins

FMCG rural demand drops in November

Rural demand for fast-moving consumer goods (FMCG) in November dropped because of a loss of momentum after the festival season.

2 mins

After toys, govt looks to curb China fan imports

Since the quality control order3 years ago, toy imports down 70%

2 mins

Pharma, consumer durables may feel China curb heat

Industry players say lockdown could have an impact on the supply of components used in consumer durables

2 mins

Indian legal system a hurdle for lessors: Air India to govt

Lessors wish to set up SPVs outside India

3 mins

Start-ups line up for space glory

Very far from SpaceX moment: IN-SPACe head

3 mins

Mercedes-Benz India on road to best-ever sales, says MD & CEO

Mercedes-Benz India is likely to post its highest-ever unit sales in 2022, surpassing the 2018 peak when it had sold 15,538 units, said its Managing Director and Chief Executive Officer Martin Schwenk on Friday.

2 mins

‘Examining proposal, UK gr promised to come back soon’

Tata Steel has been in discussions with the UK government during the last two years for financial support to transition into a greener steel company, with some of the assets coming to their end of life in a couple of years. Managing director (MD) and chief executive officer (CEO) TV NARENDRAN tells Ishita Ayan Dutt that the new government is taking up the proposal.

2 mins

Projects stalled, railways seeks quicker land buy

ZONAL RAILWAY DIVISIONS HAVE BEEN ASKED TO DESIGNATE MORE WORKS AS SPECIAL PROJECTS FOR QUICKER CLEARANCE

1 min

Demand for cough, cold medicines weak

Demand in India for cough and cold medicines remained weak even as the US witnessed one of the worst beginnings to the season the past decade.

2 mins

Rlys passenger revenue soes past pre-Covid levels

Up 76% YoY this fiscal year so far; unreserved tickets garner 422% more

1 min

Be ready to return to low inflation regime: Rajan

The global economy could go back to a low inflation regime and central bankers pursuing restrictive monetary polices should keep that in mind, former Reserve Bank of India governor Raghuram Rajan said.

1 min

NPCI extends cap deadline UPI volume by 2 years

Companies in breach of market share had asked for a five-year extension

2 mins

SBI chief says retail CBDC a game changer

According to SBI Chairman Dinesh Khara, CBDC should ensure better monetary transmission

1 min

Wheat acreage up 5.4% due to favourable prices

Highest week-on-week numbers since 2017-18; hopes of strong harvest

1 min

Have experienced racism, says Sunak

British Prime Minister Rishi Sunak has revealed that he experienced racism growing up in the UK but the country has made incredible progress since then in confronting the issue.

1 min

McLaren sells heritage cars to raise cash for new supercar

Cash-strapped McLaren Holdings has recently sold some of its prized heritage car collection to Bahrain's sovereign wealth fund Mumtalakat Holding to raise capital.

1 min

Strong jobs growth in US has Fed in a fix

Worrisome wage rises complicate the Federal Reserve's intention to start slowing the pace of interest rate hikes

1 min

Nifty50, Sensex snap eight-day winning streak

End in the green for a second straight week

2 mins

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