In this issue

March 22, 2023

Mondelez ups India bet, to invest ₹4,000 cr in 3 years

Mondelez India is set to pump in ₹4,000 crore between 2023 and 2026 to meet the growing demand for its products.

1 min

US-EUROPE BANKING WOES MAY HIT INDIAN IT FIRMS' GROWTH PATH

The IT services sector in India may have to bear the brunt of the banking sector crisis in the US and Europe, which may affect their FY24 growth momentum. The industry counts banking, financial services, and insurance (BFSI) as its largest customer base. According to Nasscom, BFSI constituted 41 per cent of the industry's revenue in FY23.

2 mins

'ONE OF INDIA'S LARGEST FAILINGS IS ITS INABILITY TO BUILD COMMERCIAL AIRCRAFT'

Civil Aviation Secretary Rajiv Bansal on Tuesday said that despite being a large country, India does not have the capability to manufacture commercial aircraft and this has been one of its \"biggest failings\".

3 mins

Framework to reduce tax burden on PE/VCs in works

It is expected to be introduced in Parliament's monsoon session

2 mins

Hindustan Zinc to pay ₹11k-cr interim dividend

Hindustan Zinc will pay ₹10,990 crore ($1.3 billion) to its shareholders, a fourth dividend this year, which will help billionaire Anil Agarwal (pictured) meet debt obligations at the parent company.

1 min

India better placed than most to face turmoil: RBI report

‘Core inflation defies softening of input costs’

2 mins

CREDIT SUISSE FAILURE UNLIKELY TO SPOOK AT1 BOND INVESTORS IN INDIA

PNB may issue ₹2,000 cr worth of such bonds this week; yields may not surge

3 mins

NO PLANS TO GIVE MORE BILATERAL RIGHTS TO W ASIAN CARRIERS: GOVT

The government has no plans \"as of now\" to accord additional bilateral rights to West Asian carriers, Civil Aviation Secretary Rajiv Bansal said on Tuesday.

1 min

MARKETS REBOUND ON POSITIVE GLOBAL CUES, BUYING IN RELIANCE

Nifty jumps over100 points to close past17,100

2 mins

₹8,000-cr Foxconn plant gets Karnataka govt nod

The Karnataka government has approved a project by Foxconn Hon Hai Technology India Mega Development (FHH) that may see an investment of around ₹8,000 crore.

2 mins

Turkish Airlines for additional traffic rights to IndiGo

If granted, these will allow the Indian airline to carry more traffic to Turkiye and Europe

1 min

India eyes key role in global 6G, satcom policymaking

With the global focus on its telecom and digital industry, India is pushing for a greater say in the ongoing policymaking at the International Telecommunication Union (ITU), including for a new global vision for 6G and international rules for satellite communications.

2 mins

Coal, crude oil spike lead port cargo charge in FY23

Growth in bulk segments but clouds over container cargo

2 mins

Little impact of rain, hail on rabi crops: Tomar

Agriculture Minister Narendra Singh Tomar on Tuesday said preliminary reports suggest that there is not much impact on standing rabi crops like wheat due to the current untimely rains and hailstorm. The minister, however, said that the Centre is yet to receive ground reports from the state governments.

1 min

Digital competition standing committee Bill based on report: Sinha

Jayant Sinha (pictured), member of Parliament in the Lok Sabha and chairman of the Standing Committee on Finance, said the private member's Bill on digital competition that proposes to table will include all the provisions suggested by the committee in its report on anti-competitive practices by big tech companies.

1 min

'Weakened' Macron eyes new reforms to 'calm things down'

French President Emmanuel Macron is looking to move on and work on new reforms in the coming weeks after his government barely survived a no-confidence motion on Monday over an unpopular pension reform, a source said.

1 min

Wickremesinghe: The 'unpopular' PM

Since he became Lanka's president in July 2022, Wickremesinghe has managed to a keep a lid on mass protests, improve supplies of essentials and on Monday, secured a nearly $3 billion bailout from the International Monetary Fund (IMF) that opens the door to restructuring about $58 billion of debt and receive funding from other lenders.

1 min

Swiss tab for Credit Suisse bailout: $13,500/person

Govt to make as much as 109 billion Swiss francs available a burden on the nation of 8.7 million

1 min

China, Russia should push for more 'practical' cooperation: Xito Putin

Russia wants Chinese businesses to replace Western firms; Japan PM Kishida visits Ukraine in a show of solidarity

1 min

Biden to curb China growth for chipmakers getting federal funds

The Biden administration is set to unveil tight restrictions on new operations in China by semiconductor manufacturers that get federal funds to build in the US.

1 min

Managing reform risks

Karnataka cannot relax after its bold move on labourlaw changes and should focus on their careful execution

4 mins

Not just adaptation

India’s climate mitigation needs fast-tracking

2 mins

Record high prices to weigh on demand for gold

The demand for gold is expected to take a hit if the price of the yellow metal which has been hovering around 60,000, a level never seen before - remains elevated.

2 mins

'UP on track to becoming trillion-dollar economy'

U'ttar Pradesh is on course to achieve its ambitious target of becoming a trillion-dollar economy, aided by a partnership and accountability of both the legislature and the executive, Vidhan Sabha Speaker Satish Mahana said on Tuesday.

3 mins

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