BUSINESS
US removes India from currency monitoring list
The development came on a day when US Treasury Secretary Janet Yellen was in India. Apart from India, countries like Italy, Mexico, Thailand and Vietnam have also been removed from the currency monitoring list. The information was provided in the Treasury Department's bi-annual report to the Congress.
Direct tax collections rise 31% to Rs 10.54 lakh crore
Direct tax collection, net of refunds, stood at Rs 8.71 lakh crore, which was 25.71 per cent higher than the net collections for the corresponding period of last year. This collection is 61.31 per cent of the total budget estimates of direct taxes for 2022-23.
Now $8 Twitter Blue service disappears on iOS app, users flummoxed
App researcher Jane Manchun Wong said that Twitter seems to have unlaunched the new $7.99 Twitter Blue subscription. "Checked with Twitter's API and the in-app purchase for Twitter Blue Verified is no longer listed for production," she commented.
Elon Musk flip-flop continues, gray 'Official' badges back for some brands
The extra layer of "Official" verification has been brought back to counter such impersonification attempts. Brands such as Coca-Cola, Twitter, Wired, and Ars Technica now have the gray checks back, reports The Verge, as Musk said there are too many corrupt legacy Blue 'verification' check marks on the platform.
Britain sliding towards recession
Jeremy Hunt suggested he is engaged in a damage limitation exercise after a 0.2 per cent fall in GDP between July and September, saying his Autumn Statement aims to make any recession "quicker and shallower", Daily Mail reported. The figure was not as bad as feared, after the Bank of England and analysts pencilled in a 0.5 per cent contraction for UK plc in the three months under review.
Former BharatPe founder Ashneer Grover pens memoir called 'Doglapan'
Billed as an "unfettered story of Ashneer Grover - the favourite and misunderstood poster boy of Startup India", the memoir is being called a "raw, gut-wrenching in its honesty and completely from the heart, storytelling at its finest".
PM Modi inaugurates Terminal 2 of Bengaluru International airport
Karnataka Chief Minister Basavaraj Bommai, Union Minister for Coal, Mines and Parliamentary Affairs Pralhad Joshi and others were present on the occasion. The Prime Minister Modi took a tour of the swanky Terminal 2, billed as garden terminal. He also flagged off the Vande Bharat express train and Bharat Gourav Kashi Darshan train.
Ashok Leyland posts Rs 199 crore PAT for Q2
"Despite global recessionary trends, the Indian commercial vehicle market continues to grow well, the industry has seen strong volumes in Q2 FY'23 over the same period last year. We see the demand continui ng in all segments of trucks and passenger vehicles and we remain confident and optimistic about the future," said Dheeraj Hinduja, Executive Chairman.
'Friendshoring' helping US minimise supply chain vulnerabilities: US Treasury Secretary
Janet Yellen explained this approach in her address at the Microsoft's office in Noida, where she met several tech leaders."Let me explain an approach that the United States is taking to minimise supply chainvulnerabilities. It's called friendshoring," she said.
Delhi Excise Policy Scam: Accused changed 140 phones to destroy evidence
"During the course of investigation, various persons involved in the Delhi Excise Scam have revealed that bribes to the tune of Rs 100 crore had been given in advance for undue benefits to select business groups to operate in the Delhi Excise Policy, 2021-22. It has also been found that kickbacks and bribes were demanded and taken by the Excise officials of Delhi for opening of retail shops in Delhi," read the ED document.
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