BUSINESS
Indian IT spending to slow down to 4.7% this year amid global concerns
The IT spending by Indian enterprises and service providers is projected to grow 7.8 percent in 2023, slower than in 2022. Consumer IT spending (dominated by consumer purchases of devices such as mobiles, tablets, PCs, wearables, and peripherals) saw a drastic decline and turned cautious due to rising prices, pulling the growth to 2.1 per cent in 2023.
Delhi to host Northeast Global Investor Summit-2023 in August
A senior official of Tripura Industries and Commerce Department said that the focus sectors of the summit include tourism and hospitality, agro-food processing, textiles, handloom and handicrafts, pharmaceuticals, healthcare, education and skill development, Information Technology and Services, entertainment, sports, tea, energy among others.
First Republic Bank customers pulled over $100bn from their accounts
The US bank says its deposits fell by over 40 per cent since the end of December 2022, the BBC reported. It comes after Swiss banking giant Credit Suisse on Monday revealed the scale of the bank run that triggered its state-backed rescue last month. A series of bank collapses have raised fears of a crisis in the sector.
Meta, Google top executives rake in big bonuses amid company-wide layoffs
Meta workers grilled CEO Mark Zuckerberg during a virtual Q&A session about the six-figure bonuses given to senior executives amid layoffs, reports Entrepreneur. According to Meta's filing with the US Securities and Exchange Commission (SEC) released last week, C-suite executives like chief financial officer Susan Li received.
LIC leads 24 member club in terms of policies sold, premium earned
The life insurance industry sold about 2.85 crore policies and schemes down from about 2.91 crore policies sold in FY22 - a fall of 2.19%. Interestingly, the share of government-owned Life Insurance Corporation of India (LIC) in the total is a whopping 2.04 crore (previous year about 2.17 crore) whereas the 23 private life insurers together sold the remaining 81 lakh policies and 74 lakh schemes.
MoS Finance bats for including 'new voters' in banking sector
Addressing a review meeting of Financial Inclusion Parameters of Western Maharashtra here, the MoS said special camps should be arranged for the purpose to include the 18-plus 'new voters' in the banking system. He also stressed on the need for banks to work towards the unbanked, securing the unsecured and funding the unfunded through various schemes of the government.
Daimler India sold 29,470 trucks, buses in 2022
The DICV, a 100 per cent subsidiary of Daimler Truck AG, Germany, said that it had logged 25 per cent sales volume growth in 2022 over 2021. The company also said that in 2022 it crossed the production milestone of 200,000 vehicles (including domestic and exports) and 200,000 transmissions at its Oragadam manufacturing facility near here.
Mall operators to see 7-9% growth in their revenue in FY24
Notably, this will be on a high base of fiscal 2023, when a return to social normalcy after mobility curbs were lifted led to substantial growth in footfalls and a robust 60 per cent rise in revenue to about 116 per cent of the pre-pandemic level, the report said. Additionally, high occupancy levels, solid profitability backed by cost-optimisation.
Global PC shipments fall 30% in Q1 2023: Report
According to data presented by SportsLens.com, the latest drop in PC shipments comes as inflation continues to crumble consumer purchasing power. At the same time, PCs and laptops are losing the race with mobile phones, the most owned device among internet users. Moreover, as per Statista and IDC data, global PC shipments.
Salary Management Tips For Salaried Professionals
Managing your finances effectively can be a challenge, but breaking it down into smaller, actionable steps can help. Here are some key areas to focus on when it comes to financial planning:
Don't Miss
Advertisement