BUSINESS
2nd India-UK financial markets dialogue held; focus on sustainable finance, cryptoassets
According to a joint statement issued by the British government, both India and the UK discussed existing collaboration between central banks on climate scenario analysis and stress testing, as well as capacity building and spreading awareness on climate risk and sustainable finance.
This Akshaya Tritiya is an opportune time for purchasing gold
Though it is advisable to purchase gold in a strategic and staggered manner in order to average out purchase cost, and diversify your portfolio with at 10-15 per cent allocation to gold at all times, the question facing us this Akshaya Tritiya is whether we should do a token purchase, or can we buy more on this auspicious day towards building our gold allocation?
India's private equity, venture capital investments surpass $60 bn in 2022
The country's share of PE-VC investments in Asia-Pacific grew from 15 per cent to 20 per cent from 2021 to 2022, as China tailwinds and India's macro robustness made it a bright spot for investing, amidst decelerating capital flow in the region, according to Bain & Company's "India Private Equity Report 2023" in collaboration with Indian Venture and Alternate Capital Association (IVCA).
US dollar may not go down further, rupee to gain in short term: Emkay Global
The Indian rupee may gain some ground due to year end repatriations and once the supply dwindles the currency may become weaker again, it said. According to the report, the US dollar has conceded some ground to the other major currencies compared to the levels that were prevailing almost a month back.
Apple previews Delhi Saket store, Tim Cook to greet 1st customers on Thursday
Delhi's first Apple Store, to be inaugurated by the company's CEO Tim Cook on Thursday, will offer personalised support and unique experiences for customers to discover the technology. "We're thrilled to bring the best of Apple to our customers in Delhi with the opening of our second store in India, Apple Saket," said Deirdre O'Brien, Apple's senior vice president of Retail.
'Startups in India bringing down unemployment rate'
Kumar was in the city recently to unveil STPI incubation facility. Any NGO registered as a private limited company with a novel idea that meets the set criteria can be taken up as a startup. Interacting exclusively with IANS, he said, "Currently, around 10,000 startups are being supported by us, and these entities have been instrumental in creating thousands of direct and indirect jobs.
Seeing kids in India learn via tech makes my heart sing: Tim Cook
Returning to India after seven years to launch Apple's first own-branded retail store here, Cook paid a visit to Sitaram Mill Compound municipal school in Lower Parel area in Mumbai where Apple has integrated iPads and Apple TVs into the classrooms.The English medium BMC school is run by teachers and staff members who are part of The Akanksha Foundation, a non-profit organisation. The school currently has 470 students and 55 alumni, and each class has up to 40 students.
Milk output projected to grow 6% annually, says Niti Aayog report
This is the observation of a research paper, which was recently brought out by government's think tank Niti Aayog. It further noted that with per capita milk intake already above the recommended dietary allowance (RDA) and population growth falling below 1 per cent, the domestic milk demand in future is likely to grow at a lower rate.
AI flight makes emergency landing at IGI after windshield crack
Full emergency was declared at the airport. "The pilot of the flight requested an emergency landing and it finally landed at the IGI at 5.50 p.m.," a source said. The pilot had suspected that something was wrong, and checked to find that the windshield had a crack. Though it was a minor crack, but as a precautionary measure, he decided to make an emergency landing, officials said.
India saw 46% decline in overall deal activity in Q1 2023
The new year saw a slow start for domestic players who were the driving force in 2022. According to Grant Thornton Bharat's Dealtracker report, while the world is still reeling with the aftereffects of the Russia-Ukraine war, in terms of global recessionary trends, the recent Silicon Valley Bank (SVB) collapse added further uncertainty.
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