In this issue

January 21, 2023

Air India fined ₹30 lakh; pilot grounded for 3 mths

DGCA ACTS ON URINATION FIASCO

1 min

Reliance Q3 profit slips 15% but tops estimate

Crude price volatility weighs on PAT; board clears raising ₹20K cr via NCDs

2 mins

Over 70% of PMS plans, investment vehicle for the wealthy, lagged in '22

Seven of 10 schemes, or 154 of the 212 schemes, underperformed the market among a segment of investment vehicles aimed at the wealthy.

2 mins

'Thank you for working so hard': Google cuts 12K jobs

Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6 percent of its global workforce, becoming the latest tech giant to retrench after years of abundant growth and hiring.

1 min

Dhoot's arrest without substance, casual: Bombay HC in bail order

The Bombay High Court on Friday granted interim bail to Videocon Group founder Venugopal Dhoot nearly a month after he was arrested in the Videocon-ICICI Bank loan fraud case, noting that the reason mentioned by the Central Bureau of Investigation (CBI) for his arrest was \"quite casual and without any substance\".

1 min

Bajaj's e-Chetak to drive into Europe by '24

Iconic scooter brand Chetak, which has been resurrected by Bajaj Auto in its electric avatar, will be sold in Europe by early 2024 by Pierer Mobility (the parent company of KTM).

2 mins

Jio's Q3 profit rises 28% on higher revenue and lower finance cost

Led by an increase in revenue, Reliance Jio, the country's largest mobile network operator, saw its net profit rise 28.6 percent to ₹4,881 crore year-on-year (YoY) in the third quarter of FY23.

1 min

Centre issues norms to rein in social media influencers

Non-compliance can lead to a jail term of up to 2 yrs and penalty of ₹50 lakh

2 mins

Wheat area rises as mkts await nod for open sale

As owners of flour mills await the Centre's decision to liquidate part of its wheat inventories to cool atta (flour) prices, crop sowing for the marketing season that will start from April reached a new high of 34.11 million hectares during the week ended January 20.

1 min

World leaders call for realism as curtains fall on WEF summit

As the five-day-long annual meeting of world leaders here ended on Friday, they called for proceeding into the new year with a sense of realism and caution while avoiding any complacency.

1 min

Xi inspects troops' combat readiness along LAC

Refers to area as constantly changing, inquires about patrol work

1 min

Netflix co-founder Hastings steps down as CEO; firm adds new users

Netflix's co-founder Reed Hastings stepped down as chief executive of the company, handing the reins to longtime partner and co-CEO Ted Sarandos and chief operating officer Greg Peters.

1 min

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