BUSINESS
Delhi HC grants more time to DMRC to pay Reliance Infra arbitral award
Attorney-General of India R. Venkataramani apprised before the bench of Justice V. Kameswar Rao that in order to raise loans to pay the arbitration award to DAMEPL, the DMRC would fall into a 'debt trap' and expressed the apprehension of affecting its operations.
World Bank estimates Pakistan flood losses at $40 billion
Taking to Twitter, Senator Rehman said that Pakistan has appealed to the estimated damage to the infrastructure, crops, houses and roads is much higher. She added that the World Bank report suggests that about nine million Pakistanis will be forced into poverty due to the floods.
China's holiday spending plunges to seven-year low on Covid curbs
The National Day break is one of China's longest public holidays and usually a peak season for travel and spending. But this year, people were deterred from travelling by a resurgence of the virus and stringent Covid restrictions. Lockdowns and other control measures have intensified in recent weeks, including in some popular tourist destinations.
American trio wins Nobel for Economics
The American trio was given the honour for helping to "significantly improve our understanding of the role of banks in the economy, particularly during financial crises, as well as how to regulate financial markets", the jury said. The winners were announced by the Royal Swedish Academy of Sciences in Stockholm.
FM Nirmala Sitharaman to embark on US visit on Tuesday, to meet US Treasury Secretary Janet Yellen, World Bank chief
Nirmala Sitharaman will also take part in bilateral meetings with several countries, including Japan, South Korea, Saudi Arabia, Australia, Bhutan, New Zealand, Egypt, Germany, Mauritius, UAE, Iran and Netherlands, an official statement said. She will also hold one-on-one meetings with leaders and heads of OECD, European Commission and UNDP.
ViewSonic unveils new gaming monitor with 144z refresh rate in India
With a refresh rate of 144Hz, 1ms response time, and AMD FreeSync Premium Technology, the IPS monitor offers an incredible and seamless gaming experience. It will be available on Amazon and retail outlets for Rs 24,930.
Capgemini acquires Quorsus to boost capital markets service offerings
Headquartered in London, the team at Quorsus works across the financial ecosystem, applying their extensive post-trade capital markets knowledge and delivery capabilities to support clients in regulatory reporting, financial market infrastructure and securities processing.
How Apple iPhone 14 Pro is super ideal for India's growing creator economy
Those who do not like bigger displays, iPhone 14 Pro is a perfect companion to create, edit and share videos/photos on social media. Powered by A16 Bionic, the fastest chip ever in a smartphone, iPhone 14 Pro introduces a new class of pro camera system, with the first-ever 48MP Main camera on iPhone featuring a quad-pixel sensor, and Photonic Engine, an enhanced image pipeline that dramatically improves low-light photos.
'Amongst NIFTY Top 500, cement, metals, mining companies do better Environmental Impact reporting'
Companies in the cement, metals and mining industry report better quality data on environmental topics. This finding is part of a first of its kind comprehensive study by Sculpt Partners of the state of sustainability reporting by the top 500 listed companies in India as of Financial Year 2021-22. Sculpt Partners had analysed multiple publicly available resources such as annual reports, websites, investor releases, and other filings on sustainability topics.
Samsung, SK hynix vow to run China factories despite US chip export curbs
The Joe Biden administration announced a set of restrictions last week that will cut China off from certain semiconductor chips made with US equipment in an apparent bid to slow Beijing's technological and military advances. The move was feared to disrupt operations of the South Korean chip giants in China, as they must undergo a case-by-case review by Washington to sell advanced chips to China, reports Yonhap news agency.
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