BUSINESS
G20 need to make discourse on energy transition more inclusive: TERI
In a policy brief, TERI identified the vital sectors as agriculture, micro, small and medium enterprises (MSMEs), and transport. Energy transitions, the key factor to achieving sustainable development and climate goals, in recent times have been dominantly centered on "just transitions" in the coal sector with the emphasis firmly on energy supply and mitigation aspects.
Musk dissolves Twitter's board, is now the sole director
"In accordance with the terms of the Merger Agreement, effective as of the effective time of the Merger, the following persons, who were directors of Twitter prior to the effective time of the Merger, are no longer directors of Twitter: Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li, and Mimi Alemayehou," according to the SEC filing.
US market impact for Sensex to cross 60K'
"The ongoing rally which has taken the Sensex above 60,000 has been triggered mainly by the rally in the mother market US where the Dow has recorded four straight weeks of gains," Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
RBI's board reviews economic scenario
"The 598th meeting of the central board was held under the chairmanship of Governor Shaktikanta Das," the RBI said in a statement. "The board in its meeting reviewed the current economic situation, global and domestic challenges including the overall impact of current global geopolitical crises," it added further.
Overall job cuts no more than 5% to avoid role duplication: Byju Raveendran
In a letter to employees seen by IANS, Raveendran said that bringing those who are parting ways "back by putting our company on a sustainable growth path will now be the number 1 priority for me". "I want to emphasise that the overall job cuts are not more than five per cent of our total strength," he said.
'Indian government's gross tax revenue expected to cross budget target'
"The centre's gross tax collections have shown healthy growth so far and is expected to surpass the full year budgeted target despite the custom and excise duty cuts," the ratings agency's Chief Economist Rajani Sinha said. While the scenario is optimistic on the tax collections front, the non-tax revenue could see some shortfall primarily due to lower dividend transfer from the RBI in the current fiscal, she added.
Indian startups make deep hiring cuts, permanent employee hiring down 61%
The hiring for chief experience officer (CXO) has decreased by a massive 1,300 per cent since October 2021, according to the annual insights report by RazorpayX Payroll, the business banking platform of Razorpay. The changing dynamics of the startup ecosystem has resulted in massive shifts in hiring patterns in the last 12 months.
Bharti Airtel posts Rs 2,978.9 crore net for Q2
According to Bharti Airtel, the company had posted a consolidated revenue of Rs 34,728.7 crore for Q2FY23 (against Rs 28,435.2 crore in Q2FY22) and a net profit of Rs 2,978.9 crore (Rs 1,998.1 crore in Q2FY22). The company said its average revenue per user for the quarter under review stood at Rs 190 as compared to Rs 153 in Q2'22 owing to feature phone to smartphone upgradation and data monetisation.
A new feather in AdaniConneX's cap: Chennai 1 Data Centre is now Live!
With an integrated terrestrial fibre and global submarine cable connectivity, Chennai has emerged as a major data centre hub in the APAC region. AdaniConneX's 'Chennai 1' data centre with a total capacity of 33MW (IT load) is strategically positioned to support rising demand in the region.
Rupee touches 83.01 against dollar amid key rate hike expectations by US Federal Reserve
The rupee opened at 82.57 but touched a high of 83.01 during intraday trade. It eventually closed at 82.74. There are expectations of another rate hike by the US Federal Reserve when it meets on Wednesday (November 2). Analysts are hoping that US Federal Reserve chairman Jerome Powell may be less hawkish while reviewing key rates.
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