BUSINESS
RBI's monetary policy committee begins deliberations on finalising key rates
The panel will announce, on June 8, its decision whether to hold the rates (which it had done during it's previous meeting in April) or revise them upwards or cut them. In April, the MPC had kept the benchmark interest rates unchanged at 6.5 per cent on the back of easing retail inflation and the need to push economic growth.
Air India flight AI173 diverted to Russia's Magadan after snag
The flight, carrying 216 passengers and 16 crew members, encountered the problem mid-flight, prompting the pilot to take immediate action to ensure the safety of all onboard. Air India officials assured the passengers that alternate travel arrangements would be made to ensure they reach their destinations as soon as possible.
Federal Bank launches 'I am Adyar, Adyar is me' campaign in Chennai
This art exhibition will run for two weeks between 10 a.m. and 6 p.m. The campaign is a first-of-its-kind micro-marketing initiative in the banking industry, which is aimed to showcase the soul of Adyar, including its people's struggles and triumphs which make it special.
India's Internet economy to reach $1 tn by 2030: Report
"Three foundational forces - deepening consumer digital adoption, technology investments by businesses, and digital democratisation with the India Stack - has placed India at a turning point in its digital transformation," said Sanjay Gupta, Country Head and Vice President, Google India.
RBI not to remove its finger from repo rate pause button: Experts
"It is unlikely that the RBI will precede the Fed (US Federal Reserve) in reversing its course of rate hikes. However, MPC may soften its tone, on net amid (1) improving domestic inflation outlook (and a possible downward revision in its forecast), (2) improving external sector dynamics and (3) ongoing monetary-policy lags of past hikes," Madhavi Arora, Lead Economist, Emkay Global Financial Services said.
ECB president hints at more interest rate hikes
At a hearing of the Committee on Economic and Monetary Affairs of the European Parliament, Lagarde underlined that ensuring price stability is the ECB's responsibility, reports Xinhua news agency.
Microsoft to pay $20 mn fine over storing Xbox data for kids
The tech giant was charged with flouting the Children's Online Privacy Protection Act (COPPA) by collecting personal information from children who signed up to its Xbox gaming system without notifying their parents or obtaining their parents' consent, and by illegally retaining children's personal information.
India rising in world order with significant positive macro and market implications
These include supply-side policy reforms such as a build up in infrastructure, formalisation of the economy via GST and IndiaStack, massive change in real estate regulations, digitalisation of social transfers making them leak proof, a new bankruptcy law coupled with a sharp decline in corporate balance sheet leverage.
US SEC sues Binance, its CEO over lying to regulators, mishandling funds
In a federal lawsuit, the regulator filed 13 charges against the defendants. "Defendants unlawfully solicited US investors to buy, sell, and trade crypto asset securities through unregistered trading platforms available online at binance.com and Binance.US," the lawsuit read.
Linda Yaccarino takes over as Twitter CEO while ad sales plunges 59%
Yaccarino, former Chairman of Global Advertising and Partnerships at NBC Universal, updated her bio as Twitter CEO on LinkedIn, before welcoming Joe Benarroch at the micro-blogging platform, who worked with her as executive vice president at NBC Universal. "Welcome to the flock, Benarroch, from one bird to the next. Let's get to work @Twitter," she posted.
Don't Miss
Advertisement