In this issue

January 14, 2023

Focus must stay on core inflation: Das

Headline retail inflation may have fallen within the Reserve Bank of India's (RBI's) tolerance band, but core inflation remains uncomfortably high and the central bank's focus is on the metric, Governor Shaktikanta Das said on Friday.

2 mins

Opportunities for India amid global headwinds: Modi

PM holds deliberations with economists ahead of Budget

2 mins

Adani Enterprises' ₹20k-cr FPO likely before Budget

Will be first to issue partly paid-up shares

2 mins

China moves to take 'golden shares'in Alibaba, Tencent units

Chinese government entities are set to take so-called \"golden shares\" in units of Alibaba Group Holding and Tencent Holdings, suggesting Beijing is moving to ensure greater control over key players in the world's largest internet arena.

2 mins

NCLT allows Kalrock-Jalan consortium to take over Jet

Tribunal also granted the consortium 180 days beyond November 16 to pay dues to the creditors and employees

2 mins

PVs register highest ever sales in 2022

Passenger vehicles saw their highest-ever sales of 3.8 million units during the calendar year of 2022. This is around 400,000 units higher than the last peak in 2018, shows wholesales data released by the Society of Indian Automobile Manufacturers (SIAM).

2 mins

NDTV prez, other executives resign

New Delhi Television (NDTV) on Friday said that senior executives in its leadership team had stepped down and that it was putting a fresh team in place.

1 min

Wipro follows IT trend, logs 2.8% rise in Q3 net

Vendor consolidation, low attrition help IT sector report a good third quarter

3 mins

Indians account for 5% app downloads in 2022

Spend 0.74 trillion hours on apps during the year, says report

2 mins

CCI orders will hurt India's digital adoption, says Google

Google on Friday hit out at the competition regulator for slapping penalties for alleged abuse of its dominant position, saying the orders strike a blow at the effort to accelerate digital adoption in India and will lead to higher prices.

2 mins

India-China trade deficit crosses $100 bn for 1st time

The trade between India and China touched an all-time high of $135.98 billion in 2022, while New Delhi's trade deficit with Beijing crossed the $100 billion mark for the first time despite frosty bilateral relations, according to data released by the Chinese customs on Friday.

2 mins

Apple boss Cook to take a pay cut of over 40%

Apple is cutting Chief Executive Officer Tim Cook's compensation by more than 40 percent to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay.

1 min

Forex reserves drop by $1.2 bn

India's forex reserves declined by $1.268 billion to $561.583 billion for the week ended January 6, the Reserve Bank said on Friday.

1 min

₹ logs biggest weekly gain in two months

Hope of reduced Fed rate hikes, lack of RBI dollar buys drive gains

2 mins

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