BUSINESS
FPI bought equity worth Rs 18,617 crore in May
In the first three months of 2023, FPIs were continuous sellers in India due to India's premium valuations and the opportunities provided by the Chinese reopening and the relatively lower valuations in South Korea, Hong Kong and Taiwan. That phase is now over and India has once again become a favoured emerging market destination for FPIs, said Vijayakumar.
G7 finance chiefs address global economic uncertainty as US debt crisis looms
In a joint statement issued after their meeting in the Japanese city of Niigata, the G7 finance ministers and central bank governors said they "need to remain vigilant and stay agile and flexible in our macroeconomic policy amid heightened uncertainty about the global economic outlook."
Toyota apologises after 2.15 mn customers' vehicle data exposed for a decade
The automaker said it will notify nearly 2.15 million customers in Japan whose personal and vehicle information were left exposed on the web from November 6, 2013 to April 17, 2023.
Netflix plans to cut $300 mn in spending this year: Report
According to a new report from The Wall Street Journal, one of the reasons behind the spending cut is that Netflix delayed its plans to crack down on password sharing from the first quarter to the second quarter this year.
28-year-old tech billionaire Austin Russell acquires 82% stake in Forbes
According to a report in Wall Street Journal, Russell's stake includes the remaining portion of the company owned by its namesake family, which sold 95 per cent of the company to Hong Kong-based investor group Integrated Whale Media Investments in 2014.
As inflation cools off, RBI Guv says 'monetary policy on right track'
Terming the official data as a very satisfying development, Das refused to comment if the release of the numbers would lead to change of the policy stance or the Reserve Bank of India (RBI) becoming less hawkish. He preferred to say that all this would be clear on June 8 when the next policy review will come up.
Elon Musk confirms Linda Yaccarino as new Twitter CEO
"I am excited to welcome Linda Yaccarino as the new CEO of Twitter! She will focus primarily on business operations, while I focus on product design and new technology," Musk posted in a fresh tweet. "Looking forward to working with Linda to transform this platform into X, the everything app," he added.
Retail inflation falls to 4.70% in April, industrial production index slides to 1.1% in March
Food inflation too slid to 3.84 per cent in April from 4.79 per cent in March. According to the data released by the Ministry of Statistics and Programme Implementation, retail inflation was at a high of 7.79 per cent in April 2022, while food inflation was 8.31 per cent during the period.
Adani-Hindenburg row: SC hints at giving 3 more months to Sebi to complete probe
A bench headed by Chief Justice of India (CJI) D.Y. Chandrachud and comprising justices P.S. Narasimha and J.B. Pardiwala said that it accepts the petitioners' point that Sebi cannot take indefinitely long period to complete its probe and "we are not going to give them six months, we give them three months", adding that it is not keen on accepting Sebi's request to grant six-month extension to complete the probe.
Microsoft slashes more jobs in US, not part of earlier global layoffs
"Organisational and workforce adjustments are a necessary and regular part of managing our business. We will continue to prioritise and invest in strategic growth areas for our future and in support of our customers and partners," a company spokesperson said in a statement.
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