BUSINESS
Shining outlook for gold in 2023
"The yellow metal has already posted over three per cent gains in the month of January, 2023. The current setup seems to indicate a re-run of 2022. Gold seems to be poised to open a new chapter in term of its price trajectory," Emkay Global Financial Services said in a report. According to Quantum Mutual Fund report, gold started the new year on a cheery note, up about six per cent in January in dollar terms and about four per cent in rupee terms.
Economic pact with UAE given boost to Indian entrepreneurs: PM Modi
Modi said in a tweet that it has also deepened India's ties with UAE. He was responding to a tweet by commerce minister Piyush Goyal, who had said on Saturday that February 18 marked one year of signing of India-UAE CEPA. Goyal along with UAE's minister of state for foreign trade Thani Al Zeyoudi had co-authored an article on completion of one year of CEPA.
New Twitter Files claim thousands of moderation requests from US govt
He said that the real story emerging in the Twitter Files is about a "ballooning federal censorship bureaucracy" that's not aimed at either the left or the right per se, but at the whole population of outsiders, who are being systematically defined as threats. "Feds mistaking both conservatives and leftists for fictional Russians, even Twitter deciding on paper to cede moderation authority to the 'US intelligence community,' Taibbi posted in a Twitter thread.
Fintech startup ESOPDhan eyes Rs 500 cr loan book to fund ESOP buys
So far, ESOPDhan has lent Rs 20 crore to 15 Bengaluru and Hyderabad-based employees of two US-based high growth tech companies. Set up by veteran investors Shravan Shroff and Nitin Agarwal, the firm seeks to ease the acquisition of stock options by employees of high-growth SaaS startups.Our experience with startup teams over the years threw up many concerns of employees rewarded with ESOPs.
Starlink offers global roaming satellite internet for $200 a month
The globalising roaming internet service will utilise Starlink's inter-satellite links (space lasers) to provide connectivity around the globe. "You are invited to try Starlink Global Roaming service, which allows your Starlink to connect from almost anywhere on land in the world," the company said in a message to its users.
Volatile markets to remain rangebound
Last week, they lost on the first day of the week, gained on the next three and ended on the last day of the week with losses. BSESENSEX gained 319.87 points or 0.53 per cent to close at 61,002.57 points, while NIFTY gained 87.70 points or 0.49 per cent to close at 17,944.20 points. The broader markets saw BSE100 and BSE200 gain 0.33 per cent and 0.01 per cent while BSE500 lost 0.07 per cent. BSEMIDCAP lost 0.82 per cent while BSESMALLCAP was down 0.77 per cent.
US proposes $175K fine on Musk's SpaceX for failure to give launch data
The case pertains to the August 19, 2022, launch of the Starlink Group 4-27 mission. The FAA said in a statement that launch collision analysis trajectory data is used to assess the probability of the launch vehicle colliding with one of the thousands of tracked objects orbiting the Earth. "SpaceX was required to submit the data to the agency at least seven days prior to an attempted launch," said the administration.
Global tech industry, supply chain disruptions continue amid recession fears
According to market research firm GlobalData, technological sanctions against Russia will continue to increase. The UK has so far issued 1,123 new sanctions against Russia since the outbreak of the war, adding to the 215 already imposed. The war has also contributed to market uncertainties, leading to high interest rates, a deepening funding winter, and mass layoffs, especially in the tech sector.
'Shark Tank India 2': Amit Jain to back cake business of mother-daughter duo
He was touched by the story of the daughter, Fatema and how she managed to come out of an abusive relationship and established herself with her mother. Fatema shared: "I did BCA and was working in an IT company for 6 months. Then I got engaged and left the job. I got married but things didn't go well and I was being physically abused in the relationship. I was staying in a red zone during Covid -19."
India poised to become manufacturing hub for cutting edge artillery ammunition
The Ministry of Defence (MoD) has recently selected five domestic ammunition manufacturers to supply around two thousand 155mm terminally guided munitions (TGMs) for the Army's in-service 155mm guns of 39/45/52 calibre artillery guns. The 155mm TGM is the most advanced artillery ammunition and its technology was denied to India in the past.
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