BUSINESS
Alibaba rejigs top brass after major server outage, CEO to look after Cloud arm
Daniel Zhang, Chairman and CEO of Alibaba Group, will assume the role of acting President of Alibaba Cloud Intelligence and responsibility for the communication and collaboration platform DingTalk. In a separate move, Jeff Zhang will focus on his role as head of the Alibaba DAMO Academy and no longer serve as President of Alibaba Cloud Intelligence.
Pakistan's Finance Minister rubbishes reports of suspected default
Ishaq Dar emphasized that despite being in a tough financial position, Pakistan will not default and will also be successful in getting the next tranche of the International Monetary Fund (IMF) and remain in the IMF's Extended Funding Facility (EFF) program in the coming days.
India-Australia trade pact comes into force
Under it, Indian goods on all tariff lines will get access to Australian market with zero customs duty. Also additional 10 lakh jobs would be created in India under the ECTA, said Commerce and Industry Minister Piyush Goyal, while addressing a press conference in Mumbai. Indian yoga teachers and chefs would benefit from annual visa quota, he added.
iPhone supplier Foxconn aims to retain workers, offers $718 subsidy
Foxconn will provide a subsidy to workers who continue in essential roles at the Zhengzhou iPhone factory from January 1 to March 20, reports AppleInsider. Workers will need to be a valid employee as of that date to receive the subsidy. Moreover, the factory is extending the 'show up' bonus payments for workers.
Ambanis' son Anant engaged to Radhika Merchant in Rajasthan
The 'roka' (betrothal) ceremony was performed at the famed Shrinathji Temple at NathDwara in the desert state on Thursday. It was attended by the Ambani and Merchant families and friends, and priests of the temple blessed the excited young couple. Known to each other for a few years, Anant and his fiancee Radhika spent the day at the temple seeking Lord Shrinathji's blessings for their upcoming union. They also took part in the traditional Raj-bhog-shringaar ceremonies at the temple, and the two families shall celebrate the happy engagement occasion later in the day.
We are empowering Reliance with new leadership capital: Mukesh Ambani
Speaking at the Reliance Family Day event, Ambani said, "First, we are empowering Reliance with new Leadership Capital especially with Young Leadership. Second, we are enriching Reliance with new Talent Capital again, with Young Talent."
Global gas demand expected to decline by 65 bn cubic metre in 2022: Gazprom
According to preliminary estimates, the decline in global gas demand in 2022 is equal to 65 billion cubic metre, and "55 billion cubic metre from these 65 billion fall on the 27 European countries," Gazprom said in a statement, citing Miller as speaking at a year-end meeting on Wednesday.
Japanese majors pivoting from China to India as land of opportunity: Takashi Suzuki
China is not a threat to India. I don't think that the Covid surge in China will have any major impact on Indian economy or even the supply chain network. It may be dented for sometime but it will be short lived. (Prime Minister Narendra Modi) Modiji's focus on self reliance will go a long way in boosting the overall economy.
India basket of crude rose 102% between Oct 2020-Oct 2022
According to Petroleum Ministry sources, petrol prices stood at Rs 81.06 per litre in October 2020, however by October 2022, they had risen only 19.3 per cent to Rs 96.72 per litre. Similarly diesel prices, which were at Rs 70.53 per litre in October 2020, rose by 27.1 per cent to stand at Rs 89.62 per litre.
Only fuels on approved list to be allowed across NCR from Jan 1
The statutory directions of the Commission require complete elimination of use of coal and other unapproved fuels for various operations or applications across all sectors including industrial, commercial and miscellaneous applications in the entire NCR from January 1.
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