BUSINESS
Iran signs $300mn MoU for car exports to Russia
Russia is one of the customers of Iranian automobiles, Fars quoted Mohammadreza Najafi-Manesh, President of the Association of Homogeneous Powertrain Industries and Parts Manufacturers, as saying on Monday. Najafi-Manesh noted that Iran had exported some 1,000 vehicles to Venezuela, adding that more orders from the South American country are expected in the future, Xinhua news agency reported.
Air India gets first Boeing 777-200LR to fly on international route
It will be focussing on dramatically growing both its network and fleet, developing a completely revamped customer proposition, improving reliability and on-time performance. The Boeing aircraft leased from Delta airlines has premium economy class along with standard classes. Sources said that the modified aircraft reached Delhi on Sunday evening.
Apple updates iPhone 14 ad video after lyrics were confused for racial slur
According to 9to5Mac, the original advertisement used a snippet of Idris Elba's Biggest song, with lyrics repeating the word "Biggest", in which the way the word was said in the song meant that some people heard an offensive racial slur instead. Almost immediately after the ad aired in September, it became a viral meme.
WhatsApp denies 500 mn users' data leak
Cybernews first reported that the dataset allegedly contains WhatsApp user data from 84 countries and phone numbers of over 32 million users from the US, 11 million from the UK, and 10 million from Russia. "The claim written on Cybernews is based on unsubstantiated screenshots. There is no evidence of a 'data leak' from WhatsApp," a company spokesperson told IANS.
BharatPe sees fresh resignations at top level as CTO, CPO move on
While Aggarwal, who joined BharatPe in March 2020, will "start his own venture'", Jain and Malhotra are "also moving out to pursue their own entrepreneurial journey". At mid-level, Geetanshu Singla, VP-technology and Manas Poddar, programme manager at BharatPe, have also quit.
Credit growth likely to remain robust
Strong loan growth should benefit net revenue, particularly as it will be coupled with wider net interest margins. However, it will put pressure on Core Equity Tier 1 ratios (CET1) should credit growth exceed Fitch's expectations, limiting buffers to absorb potential future losses.
India now biggest smartwatch market globally
"India's smartwatch market grew 171 per cent (year-over-year) in Q3 2022 to become the biggest market in the world. The main factor behind the record quarter was India's festive season. Indian brands expanding their product portfolios at affordable price points and emphasis on local manufacturing also contributed to the growth," said Senior Analyst Anshika Jain.
Urban Company grants shares worth Rs 5.2 cr to 497 gig workers
Of the total recipients, about 30 per cent were female service partners from the beauty and wellness vertical. Bengaluru had the highest number of partner shareholders with 26 per cent, followed by Delhi-NCR with 22 per cent, the company said in a statement. The company in March announced the PSOP programme for its service providers, where it will award stocks worth Rs 150 crore at near zero cost to thousands of service partners over the next 5-7 years.
10 major trade unions boycott pre-budget meeting with Nirmala Sitharaman
In a letter to Sitharaman on November 25, the unions had threatened to boycott the meeting after the Finance Ministry allotted them the minutes each to put across their views before the Minister. They had termed the time slot of three minutes allotted for each union to forth their budget demands as a "cheap joke".
Vivo fined Rs 25 lakhs for violating GRAP rules
GRAP Stage III bans all construction activities except those of national need or importance. Fines are being imposed by the State Pollution Control Board (PCB) on those found violating the rules. Vivo Mobile India Pvt Limited was fined by the Uttar Pradesh PCB for violating the GRAP rules by constructing its production unit in Sector 24 of Yamuna Authority.
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