Financial Express Mumbai - November 29, 2022
Financial Express Mumbai - November 29, 2022
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In this issue
November 29, 2022
LIGHT TOUCH REGULATION FOR APP STORE: Govt plans disclosure rules for Google, Apple
Will balance fairplay and innovation for Big Tech firms
3 mins
NIFTY AT RECORD CLOSE
India is an expensive market, but falling crude oil prices and easing inflation have lifted the mood
2 mins
S&P cuts its FY23 India growth forecast to 7%
S&P has trimmed its India growth forecast by 30 basis points for the current fiscal from its September projection to 7%, thanks to growing external headwinds and the impact of the interest rate tightening by key central banks, reports Banikinkar Pattanayak.
3 mins
Suzuki cuts India 2030 target by 30%
ON THE BACK of pandemic-related disruptions and chip shortage, Japan's Suzuki Motor Corporation (SMC) has revised its 2030 sales target in India downwards by around 30%.
2 mins
Crypto tax review unlikely
Bill may not come up in Winter session
2 mins
Economists urge FM to retain focus on growth reforms
ECONOMISTS ON MONDAY exhorted the government to keep up the focus on achieving high growth rates on a sustained basis by continuing to take more reform initiatives amid strong external headwinds, sources told FE.
2 mins
Rise in output keeps onion prices stable
ONION PRICES HAVE remained stable in the last two years due to the rise in onion production and an improvement in storage facilities at the farmers' level.
1 min
Recalibration likely for central schemes
IN ORDER TO reduce unnecessary expenditure, the Niti Aayog and the Economic Advisory Council to the Prime Minister are jointly reviewing all central sector and centrally-sponsored schemes, which account for 4050% of the annual Budget.
1 min
Creditors may seek govt nod to liquidate Jet's assets
JET AIRWAYS' CREDITORS and its new owners are deadlocked over a resolution plan to lift the airline out of bankruptcy, putting its future in limbo, four sources said.
2 mins
Airtel banking on strong uptake of sovereign cloud offering by PSBs, govt
IN A BID to strengthen its cloud busi-ness, India's second-largest telecom operator Bharti Airtel is banking on public sector banks and government departments with its newly launched sovereign cloud offering. According to the company, the solutions will help public sector companies, especially banks and other government organisations, to fast-track their digital transformation journey and manage their critical data securely over a private cloud.
2 mins
Exiting multiple India projects, Amazon to focus on core retail biz
AMAZON WILL WIND down parts of its Indian operations, showing that even the crucial growth market with 1.4 billion consumers isn't immune to CEO Andy Jassy's cost-reduction campaign.
1 min
Dailyhunt fires 5% of its 3,000-strong workforce
INITIATES 11% PAY CUTS FOR FEW EMPLOYEES
2 mins
Cipla's US outlook remains intact
FDA to continue to withhold product approvals from Goa plant
2 mins
IBM develops tools for getting rid of data silos
Helps improve business planning with datadriven decision making
2 mins
A good fit in Tata Consumer portfolio
Bisleri would be a good addition if acquired at a reasonable valuation
2 mins
Apple to lose 6m iPhone Pro from China
TURMOIL AT APPLE'S key manufacturing hub of Zhengzhou is likely to result in a production shortfall of close to 6 million iPhone Pro units this year, according to a person familiar with assembly operations.
1 min
Irish watchdog fines Meta 265m euros in privacy case
IRISH REGULATORS slapped Facebook parent Meta with a 265 million-euro ($277 million) fine Monday, the company's latest punishment for breaching strict European Union data privacy rules.
1 min
Riots in Belgium, Netherlands after Morocco's soccer win
Police use water cannons, tear gas to disperse crowds
1 min
Prez Xi faces threat from public anger
BARELY A MONTH after granting himself new powers as China's potential leader for life, Xi Jinping is facing a wave of public anger of the kind not seen for decades.
1 min
UK PM Sunak vows to maintain military aid to Ukraine
BRITISH PRIME MINISTER Rishi Sunak plans to promise on Monday to maintain or increase military aid to Ukraine next year, and to confront international competitors \"not with grand rhetoric but with robust pragmatism\".
1 min
POLICE PATROL STIR SITES IN BEIJING, SHANGHAI: China tightens security after protests
Police on Monday patrolled the scenes of weekend protests in Shanghai and Beijing after crowds there and in other cities across China demonstrated against stringent Covid-19 measures disrupting lives three years into the pandemic.
2 mins
Foxconn offers $1,800 bonus to workers
APPLE PARTNER FOXCONN is offering bonuses of as much as $1,800 to existing workers at its Zhengzhou facility, hoping to sustain the staff levels it needs to run the world's largest iPhone factory.
1 min
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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