In this issue

January 17, 2023

Exports slide 12% on recession fears

Imports contract in December; trade deficit widens

2 mins

India Inc's yearly outlook 'most cautious in a decade'

CEOs globally most pessimistic’ on growth in12 yrs, says PwC survey

3 mins

Google-backed ShareChat & Dunzo hand out pink slips

ShareChat and Dunzo lay off 20% and 3% of their staffers

1 min

Why have different standards for India, Europe: SC to Google

Apex court says Google had made up the urgency in seeking stay before the NCLAT

2 mins

Spencer's casts net wide to reel in value-conscious consumer

Hypermarket chain to focus on tier Ill, IV cities

2 mins

Saab scraps fighter jet agreement with Adani

Swedish aerospace and defence company, Saab, which had entered into a partnership with Adani Group to manufacture the Gripen E fighter in India, said on Monday that it was no longer going ahead with that agreement.

2 mins

Risk profiling of shipments from China up

Govt taking steps to address possible cases of under-invoicing

2 mins

December WPI inflation cools to lowest in 22 months at 4.95%

The wholesale price index (WPI)-based inflation rate for December decelerated to a 22-month low at 4.95 per cent, on the back of a higher base and the easing of price pressure for food and manufactured products.

2 mins

BHIM transactions high-value, but volumes lag rivals

Though the Unified Payments Interface (UPI) has been a success for the government, its own app has failed to sustain interest.

1 min

INDIA NOW BUYING 33 TIMES MORE RUSSIAN OIL THAN A YEAR EARLIER

India bought a record amount of Russian oil last month, with the country importing a whopping 33 times more than a year earlier.

1 min

Increased provision on CET1 for loan loss to be phased out

The increase in provisioning requirement on common equity tier-I (CET1) capital for loan loss, which will be incurred by scheduled commercial banks due to transition to expected credit loss (ECL) model, will be phased out in five years, the Reserve Bank of India (RBI) said in a discussion paper released on Monday.

1 min

States' fiscal health better after Covid stress: RBI report

The fiscal health of state governments has shown improvement after a sharp in 2020-21, the Reserve Bank of India (RBI) said in a report on state finances released on Monday.

2 mins

Agnipath making armed forces future-ready: PM

Prime Minister Narendra Modi on Monday congratulated first batch of Agniveers on being the pioneers of the Agnipath scheme, asserting that it is a transformative policy and a game changer in strengthening the armed forces and making them future-ready.

1 min

India among few nations evolving food systems for farmer-allied SMEs: Study

India figures among the few countries that have been able to evolve their food systems for a broader set of outcomes by unlocking the potential of small and medium-sized enterprises, a new WEF report said on Monday.

1 min

'Globally, wildfires cost $50 billion every year; AI can help fight them'

The average annual global cost of wildfires is around $50 billion, the World Economic Forum said on Monday as it pitched for use of artificial intelligence in fighting them and containing carbon emissions caused by such tragedies.

1 min

Global Jobs Growth Will Halve In 2023: ILO

Number of unemployed in the world is expected to rise by 3 million to 208 million this year, says report

1 min

MFS USE CORRECTION TO BUY BLUE-CHIP STOCKS

Taking advantage of a price correction seen in blue-chip stocks, domestic mutual funds (MFs) scooped these up in December.

1 min

MFs eye GIFT City route to cross foreign investment limit barrier

Plan products to leverage individual LRS cap for global exposure

2 mins

₹ weakens amid thin volumes on FII outflow, greenback rebound

The rupee weakened sharply against the dollar on Monday amid sparse trading volumes as some foreign banks purchased the greenback, likely on account of overseas investors exiting the domestic market, dealers said.

1 min

Viacom18 acquires Women's IPL media rights for ₹951 crore

Disney Star the other broadcaster to put in a bid; Sony-Zee stays out of Monday auction

2 mins

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