BUSINESS
Pak govt drops another inflation bomb on masses; petrol up by Rs 22
As per the latest notification issued by the government effective from Thursday, the prices of petroleum products were revised as follows: MS (petrol) revised to Rs 272.00 a litre, high-speed Diesel (HSD) price revised to 280.00 litre, kerosene oil (SKO) price revised from Rs 189.93 to Rs 202.73 and light diesel oil revised from Rs 187.00 to Rs 196.68, all effective from Thursday.
Most Indian employers intend to hire in 1st half of 2023
According to Naukri.com, around 46 per cent of recruiters expect new and replacement hiring, 29 per cent expect only new job creation, and 17 per cent are looking to maintain their headcount. With the ever-increasing demand for tech skills, maximum hiring is expected for IT roles.
Apple among top 5 PC makers in India in holiday quarter, logs 11% growth
Apple has been consistently clocking strong numbers since last few quarters and finally managed to pip Taiwanese company Asus to the fifth spot in 4Q22. "In a quarter where all the major vendors focused on inventory correction leading to reduced shipments, Apple witnessed positive traction thereby growing by 10.9 per cent YoY," according to an IDC report.
S&P places Adani Transmission's ESG evaluation under review on potential governance issues
This follows recent allegations of significant governance issues at the Adani group of companies. "We aim to complete our review of the ESG Evaluation in the coming months. We will assess the implications of the allegations on our ESG Evaluation," S&P Global said.
Blinkit introduces Brand Stores, over 20 companies now onboard
At Brand Stores, companies also have the avenue to create custom pages or flows on the page that allow them to highlight different products or engage with customers if they want to deliver a message about the brand. More than 20 brands are now part of the initiative, according to Blinkit.
Crypto exchange Binance likely to pay penalties to settle US probes
Binance chief strategy officer Patrick Hillmann told the Wall Street Journal that the exchanges' executives were "unfamiliar with laws and rules written surrounding bribery, corruption and money laundering". "Binance is working with regulators to figure out what are the remediations we have to go through now to make amends for that," he was quoted as saying in the report.
Two Stanford employees helped ex-FTX CEO Sam Bankman-Fried secure bail
Bankman-Fried is currently living with his parents in California, thanks to a $250 million bail secured by his parent's home as well as two people who had been kept anonymous, reports The Verge. Now, the judge at District Court for the Southern District of New York has granted the motion to unseal the documents of his bail.
India's economic growth remains strong: DSP Mutual
According to DSP Mutual, India's high frequency indicators remain robust like healthy GST collections, near record high volume of petroleum products sold (a proxy for consumption), electronic toll (including Fastag) collections indicating brisk economic activity along with business activity and sentiments being positive.
World Bank head leaving for 'new challenges'
He said on Wednesday that he would be leaving the international development institution in June, ten months before the end of his five-year term. His departure comes at a time when many countries around the world are facing severe financial problems. Appointing the head of the World Bank is a prerogative of the US president and Biden will appoint Malpass' successor.
UK inflation cools to 10.1% in January
Although still at a high level, inflation eased again in January. This was partly driven by the declining air and coach travel prices after a previous steep rise, ONS Chief Economist Grant Fitzner said, Xinhua news agency reported. The annual inflation rate for transport was 3.4 per cent in January, down for a seventh consecutive month from a peak of 15.2 per cent in June 2022, and the lowest rate since February 2021, the ONS data showed.
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