BUSINESS
Vodafone Idea to lose market share to others in India
The crisis faced by the company offers an opportunity for competitors like Bharti Airtel and Reliance Jio to gain market share, the report said .Giving a 'sell' recommendation to the investors CLSA said despite a four-year interest moratorium, Vodafone Idea's financial crisis is deepening, and government conversion to equity
India should leverage G20 presidency to seek openness towards service exports: Raghuram Rajan
In a television interview during the ongoing World Economic Forum (WEF) meeting at Davos, Rajan said that too much investment is going towards chip making globally, which could lead to a glut. He also pointed out towards possible risks for India economy due to opening up of China. India is doing well in service export, the former RBI Governor said.
German inflation reaches record 7.9% in 2022
Crisis-related effects, such as supply bottlenecks and significant price increases at economic upstream stages, were "characteristic of the entire year", Destatis President Ruth Brand said in a statement. Energy prices rose 34.7 per cent year-on-year, with prices for heating oil and natural gas
Maruti Suzuki recalls 17,362 vehicles for faulty airbag controller
The company is recalling the models rolled out between December 8, 2022, and January 12, 2023. It is suspected that there is a possible defect in affected part, which in rare case might result in non-deployment of the airbags and seat belt pretensioners, in the event of a vehicle crash.
Fiscal consolidation expected on the back of lower subsidy payments
"We expect fiscal consolidation on the back of lower subsidy payments, which will also ensure that focus on public capex spending is sustained, thus supporting the growth outlook," the report said. Expenditure ratio is expected to moderately driven by lower subsidy spending, mix of expenditure to improve.
Microsoft to lay off nearly 11K employees this week: Report
Sky News reported that Satya Nadella-run company is "finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown". Microsoft employs more than 220,000 people, including 6,000 in the UK.
Formulate policy on carrying pets on flights, DGCA to airlines
According to the regulator, the International Civil Aviation Organisation (ICAO) has not yet issued any guidelines with regard to carrying pets in passenger compartments. The Federal Aviation Administration (FAA) in the US has permitted its airlines to have their own respective policies for carriage of pets in the cabin.
Russia's oil output up 2% in 2022 despite sanctions
"I would especially like to talk about the oil and gas sector. Despite the previously mentioned sanctions pressure, oil production in Russia increased by about two per cent in 2022," Putin added on Tuesday. "The volume of production amounted to 535 million tons," he said.
First Global Tourism Summit in April as part of G-20 presidency
Ahead of the roadshow, Tourism Ministry officials from various northern region states, at an event in CII Northern Region Headquarters, emphasised how G20 will be the Centre's main area to establish India as a key tourism destination, during its year-long leadership.
Government cuts windfall tax on domestically produced crude oil, jet fuel
Windfall tax on export of diesel and jet fuel has also been reduced, the order, dated January 16, said. The tax on export of diesel has been brought down to Rs 5 per litre, from Rs 6.5 per litre, while on jet fuel, it has been brought down to Rs 3.5 a litre from Rs 4.5 a litre. The new price regime has come into effect from Tuesday.
Don't Miss
Advertisement