BUSINESS
Business confidence, activity in China are still at low levels
A survey conducted by China's central bank in the fourth quarter shows that business confidence and activity in the world's No 2 economy are still at low levels almost three years after the start of the coronavirus pandemic, indicating a bumpy recovery ahead, the South China Morning Post reported.
Mumbai court extends CBI custody of Kochhars, Dhoot till Thursday
While the Kochhars were nabbed on Friday, Venugopal Dhoot was arrested by the CBI on Monday in connection with a loan fraud case. They were produced before the special CBI court by the Central Bureau of Investigation (CBI) after their custody ended on Wednesday.
Russia to divert metals away from Western countries
Moscow named China, Turkiye, southeast Asia, member states of the Russia-led Eurasian Economic Union and CIS countries as priority areas for diversifying metal supplies. According to Manturov, trade flows will also focus on the Latin American, African, and Middle Eastern markets, RT reported.
Ashneer Grover mocks Uber, says improve services on Earth, not the Moon
"As per Uber - they made trips as long as Milky Way in India. So Mars ki sawaari aap kiske saath karna chahenge (So which company would you pick to travel to Mars)? @UberINSupport @Uber", he tweeted. The options included Elon Musk's SpaceX, Uber Bhaiya if not cancel, and koi airport hi pahucha do (just drop me to the airport).
Income tax exemption limit likely to be enhanced to Rs 5 lakh in budget
The move, if it fructifies, may leave more disposable income in the hands of consumers. It will also boost consumption, which may also lead to an economic recovery, sources said. As of now, the maximum slab of income which is not chargeable to income tax is Rs 2.5 lakh.
SWIFT's Vikesh Patel to lead Cboe Clear Europe
Patel, who will join the company in early 2023, replaces Cecile Nagel, who stepped down from the role in September this year. Patel comes on board with over 15 years of experience in financial market infrastructure and is joining from SWIFT, where he was most recently Head of Securities with responsibility for leading its securities strategy globally.
Govt identifies new blocks for enhancing coking coal production
Coal India Ltd (CIL) plans to increase raw coking coal production from existing mines to up to 26 million tonnes by 2025. The country's largest producer of coal has also identified nine new mines with peak rate capacity of about 22 million tonnes, to enhance coking coal production, sources added. Coking coal is essentially required for production of steel.
RIL's scorching growth in 20 years of Mukesh Ambani's leadership
In 2022, he completes two decades at the helm of Reliance Industries. In these 20 years, the company has achieved a consistent strong double-digit growth across revenues, profits, net worth, assets as well as market capitalisation.
Nifty to reach 19,500, Sensex 64,500 by Dec 2023: Emkay Global
Emkay Global expects Nifty to attain a level of 19,500 by December 2023 given the current situation. "Barring any major change in the global macro-economic and geo-political set-up Sensex at 64,500 indicating a 7-8 per cent increase from the current levels," the company said. Largely, the increase in Nifty-50 profit after tax (PAT) in CY23 will be led by Banks, Auto OEMs and Ancillaries, Oil & Gas, and the IT companies, the company added.
SEBI's issues list of 'most wanted defaulters' - all untraceable!
The matter came to light when the SEBI Recovery Officers attempted to serve the notices of demand on these defaulters against whom the Recovery Certificates have been drawn up.
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