In this issue

January 27, 2023

Govt set to pay out ₹4K cr under PLI by March end

Budget may extend the scheme to 6-7 more sectors such as toys and leather

1 min

IBM, SAP to cut thousands of jobs amid tech layoffs

Dow, EY also announce cuts

2 mins

Distributors gain as direct MF platforms lose steam

Just 4% growth in registration of direct plan SIPs last year after 115% growth in 2021

3 mins

Global pension funds cut back India bets in '22

Pension funds, among the largest long-term sources of foreign portfolio inflows, scaled back their India bets in 2022.

2 mins

Accounting practices at start-ups come under scanner

Valuation obsession, investor pressure, and unethical practices by founders may be blamed for some of the recent misadventures of certain start-ups. They have, however, also taken the lid off the complex accounting practices and challenges these new-age ventures are just getting to grips with.

3 mins

Govt subsidy halt pushes OEMs to drive EV prices up

Large players, like Hero Electric, claim they are still selling EVs at reduced prices

2 mins

Maruti to roll out its first EV next fiscal, five more by FY30

EVs to constitute 15% of Maruti's total production by FY30

1 min

India-made 4G, 5G tech stacks may go global during G20 meet

Plan remains a proposal at the moment, dependant on key developments in telecom space in 2023

2 mins

Adani may sue Hindenburg for 'mischievous, malafide' report

US firm stands by report, says will demand documents in legal battle

1 min

Bharat Bio rolls out India's first intra-nasal Covid vax

Priced at ₹800 a dose for private players, 325 for bulk govt procurement

2 mins

Wheat prices may soften by ₹4-6 a kg

But won't near MSP, which could make next procurement tough, unless there's bonus

3 mins

Google set to comply with rules, says EU

The EU said on Thursday that Google, owned by Alphabet, committed to give consumers clearer and more accurate information to comply with EU rules.

1 min

Tesla logs record profit, warns of uncertainties

Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker.

1 min

Pak currency sinks 2.7% to all-time low

Tumble comes after Islamabad relaxed grip on exchange rate to win IMF loan

1 min

Silver lining: Imports at record 9,450 tonnes

The surge was led by demand revival from industry, fabricators and investors

2 mins

Biggest Bollywood opener: Pathaan makes ₹55 cr on Day 1

Actor Shah Rukh Khan's (SRK's) comeback film Pathaan, which released on Wednesday across 8,000 screens worldwide, has set the cash registers ringing for theatres in India and around the globe.

2 mins

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