In this issue

March 03, 2023

Adani promoters sell stakes worth ₹15,446 cr to GQG

Group may use the proceeds to retire debt

1 min

RCap to go under the hammer again: NCLAT

Torrent may move SC against order

2 mins

SC forms expert panel to probe Adani allegations

6-MEMBER PANEL TO SUBMIT REPORT IN SEALED COVER IN 2 MONTHS. SEBI TOLD TO INVESTIGATE STOCK MANIPULATION CHARGES AGAINST GROUP

2 mins

Direct tax mop-up in FY23 may top Revised Estimates

Until Feb, net direct tax collection stood at ₹13 trn

2 mins

DATA PROTECTION BILL GETS 'THUMBS-UP' FROM IT PANEL

The parliamentary standing committee on communications and information technology (IT) has given a \"big thumbs-up\" to the draft Digital Personal Data Protection (DPDP) Bill, 2022, as it will soon be tabled in Parliament, said Union Minister for Communications and IT Ashwini Vaishnaw on Thursday.

2 mins

It's not 'K': CEA says urban recovery faster than rural

Data for the third quarter of FY23 may be revised upwards: Nageswaran

2 mins

G20 foreign ministers' meet ends sans communiqué over Ukraine differences

As a result of the continuing diplomatic tussle between the West and Russia over the war in Ukraine, the first G20 Foreign Ministers' Meeting under New Delhi's presidency ended on Thursday without a joint communiqué.

1 min

BJP, allies strengthen hold in the Northeast

RIO TO BECOME NAGALAND CM FOR RECORD 5TH TIME. BJP-IPFT RETURNS TO POWER IN TRIPURA. CONRAD SEEKS SHAH'S SUPPORT

2 mins

VC MODEL OF INVESTMENT LOOKS LIKE PONZI SCHEME: MURTHY

NR Narayana Murthy, cofounder of Infosys, blamed the venture capitalist community for inculcating a culture among entrepreneurs to chase growth at all costs. He said the VC model of investment looked like a ponzi scheme.

1 min

IT industry growth may slip to pre-Covid levels

The Indian IT services industry will see growth rates at pre-pandemic levels, which would mean growth levels of 810 per cent. This is below the 14-15 per cent that the industry saw in the last three years, said McKinsey.

1 min

PM GatiShakti recommends 66 projects worth ₹5 trn

Over the past eight months, an inter-ministerial panel spearheaded by the industry department has evaluated 66 big-ticket projects with a cost of more than ₹500 crore.

1 min

Andhra CM banks on 'silent revolution' to woo investors

Summit begins today; over 8,000 delegates from across world to take part

3 mins

$50 bn lost in just minutes as Tesla stock skids over 8%

Tesla will cut assembly costs by half in future generations of cars, engineers told investors on Wednesday, but Chief Executive Elon MUSK unveil when it will debut a much-awaited affordable electric vehicle.

1 min

Taiwan Inks $619-Million US Arms Deal, China Flies Over 20 Fighter Jets

China sent the most warplanes near Taiwan in nearly two months, a move that comes as the US approved the sale of $619 million worth of arms to the democratically run island.

1 min

FTXPIO pleads guilty to fraud

Nishad Singh, a 27-year-old former top Indian-origin executive of failed cryptocurrency trading platform FTX has pleaded guilty to the charges of alleged billion-dollar fraud at the now collapsed exchange.

1 min

CO₂ emissions hit record high in 2022: IEA

In Europe, electricity generation from wind, solar power exceeded gas or nuclear for the first time

2 mins

Pak raises key rate by 300 bps, slaps Rs 3.23 power surcharge

Rate now highest in 26 years; currency falls to record low, $ bonds slump

2 mins

Sebi cracks down on stock manipulation via YouTube

Bars Arshad Warsi, wife and 31 entities operating pump-and-dump scheme in micro-caps

2 mins

USFDA action has experts cautious on Cipla

Brokerages expect 10-month delay in key US launches

2 mins

Average salary hike in India to be 10% this year: Survey

The average salary hike in India is projected to be 10 per cent this year, the highest in the Asia Pacific (APAC) region, according to a survey by WTW, a global advisory, broking and solutions company.

1 min

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