BUSINESS
11 G20 meetings to be held in UP in Feb
Varanasi will organise six, Agra three, Lucknow one and Greater Noida one. Under its Presidency, India is expected to hold more than 200 meetings at various levels in the run-up to the G20 Summit.
The participation of representatives of about 40 countries
Collapsed crypto exchange FTX claims $415 mn hacked
FTX CEO John J. Ray III said that about $323 million was hacked from its international exchange and $90 million from its US platform. "We are making important progress in our efforts to maximise recoveries, and it has taken a Herculean investigative effort from our team to uncover this preliminary information," he said.
'Bullish trends dominant in run up month to Budget'
The BSE Sensex corrected sharply by 7.5 percent in 2016 in the one-month run-up to the budget that year, reports citing markets data said. In 2013, the benchmark had fallen 6.2 per cent, while in 2012, it had slid by 3.8 per cent.
India presents itself as resilient economy at World Economic Forum in Davos
Taking forward the strategy and presence of India during WEF Annual Meeting in May 2022, the Department for Promotion of Industry and Internal Trade (DPIIT) has taken the initiative to further strengthen India's presence through three lounges with focus on investment opportunity, sustainability and inclusive approach to compliment economic growth official sources said.
India-Australia ECTA to 'double bilateral trade' to $45bn
Tapan Mazumder, Additional Director General of Foreign Trade, Department of Commerce, Union Ministry of Commerce and Industry, said the major boost for India would be in its labour-intensive sectors, which are currently subject to import duty of 4-5 per cent by Australia.
Take urgent action, says Antonio Guterres at WEF
Taking note of a range of critical threats facing the world, from the economic crisis to war and pandemic, Antonio Guterres said: "We are looking into the eye of a Category 5 storm." On climate change, he called on world leaders to put forward credible and transparent transition plans to achieve net-zero emissions and to submit their plans before the end of the year.
Jyotiraditya Scindia says emergency exit was opened by mistake in IndiGo flight
IndiGo had said on Tuesday that a passenger accidentally opened the emergency exit of a plane at the Chennai airport on December 10. The passenger had apologised, said the airlines. While the airline did not name the passenger, few opposition parties have reacted on the matter, claiming that the person responsible for the act was BJP MP from Bengaluru South, Tejasvi Surya.
Microsoft sacks 10,000 employees, Satya Nadella says 'will treat our people with dignity'
Some employees will be notified on Wednesday, but the entire 10,000 layoffs should be completed by the end of March, Satya Nadella said. In a blog post, Nadella said that it is important to note that "while we are eliminating roles in some areas, we will continue to hire in key strategic areas".
Exempt levy of customs duty on telecom equipment to boost 5G roll out: COAI
"BCD of 20 per cent is levied on import of most of telecom equipment like optical transport equipment/networks, IP radios, MIMO/LTE products, soft switches, VoIPs, PTN, MPLS -TP, etc. which is disrupting the cost effectiveness of the telcos," said the Cellular Operators' Association of India (COAI), the apex body that represents the telecom sector.
Government aims to produce 1 billion tonnes coal in 2023-24
A total of 290 mines are operational under the CIL, out of which 97 produce more than 1 million tonnes per year. These targets were fixed during a review meeting conducted by Coal Secretary Amritlal Meena on Wednesday, where all subsidiaries of CIL were present.
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