BUSINESS
Reduction in sown acreage to feed inflation: BoB report
The overall sown acreage for the Kharif season has declined by 0.8 per cent at the end of September 30, 2022 as compared to last year, the report notes. Bank of Baroda said sowing area of rice and pulses continue to remain deficient, down by 4.8 per cent and four per cent, respectively.
Construction of runway, terminal & ATC tower in full swing at Noida International airport
Yamuna International Airport Private Limited (YIAPL) has selected Tata Projects Ltd. to undertake the engineering, procurement, and construction (EPC) of Noida International Airport. The company has been selected from three shortlisted teams with demonstrated experience in the design, procurement, and construction of large infrastructure projects.
Indian Immunologicals Ltd diversifies into aquaculture health market
Targeting the growing needs of farmed fish and prawn sectors in the country, IIL launched its new line of aquaculture health products on Tuesday. IIL's foray into aquaculture segment will be in multiple phases comprising different products, including vaccines.
Competition Commission gives conditional approval to Sony-Zee merger
The CCI's approval for the deal was given with certain modifications. The mega deal had been announced in September 2021. The CCI approved the proposed combination subject to the carrying out of modifications proposed by the parties, under Regulation 25(1) of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011.
Reliance Jio to begin Beta trial of 5G in 4 cities on Dussehra
The invites customers in these four cities will get unlimited 5G data with up to 1 Gbps+ speeds.
The Beta trial service for other cities will be announced progressively as cities keep getting ready, said the company. The users will continue to avail of Beta trial "until the network coverage of a city is substantially complete to provide the best coverage and user experience to every customer," it said.
Freshers feel the heat as IT majors put onboarding on indefinite hold
Tech majors like Wipro, Tech Mahindra and other MNCs have either put off recruitment of freshers or asked them to wait until they are intimated. The freshers awaiting onboarding in Wipro have launched a full fledged campaign on social media, questioning Wipro Chairman Rishad Premji's integrity and commitment as he spoke strongly about ethics in connection with moonlighting.
With 950 billionaires, Asia outnumbers all other regions
A region-by-region analysis of assets owned by more than 2,400 people on the Forbes 'Real-Time Billionaires List', by Nikkie Asia, showed $4.7 trillion in North America, followed by $3.5 trillion in Asia, and $2.4 trillion in Europe."By country, the US ranked first with 719 billionaires followed by China with 440. India has 161," the report said on Tuesday.
Musk again offers to buy Twitter for $54.20 a share: Report
According to Bloomberg, Musk has sent Twitter a letter offering to buy the micro-blogging platform at the originally proposed price. The move, if true, has created confusion in the minds of millions as the Musk-Twitter legal battle is set to begin in a US court from October 17. Twitter or Musk did not comment on the report. Trading of Twitter shares was briefly halted, reports The Verge.
Rupee trade paves the way to Russia
The Reserve Bank of India put a mechanism in place for international trade settlements in Indian rupees (INR) in July 2022 to meet the long-term goal of internationalising the currency and enhance the growth of global trade. This step allows Indian exporters and importers to use special rupee vostro accounts to settle trade denominated in rupees.
Four Indian-Americans in Forbes 400 rich list
Overall, Tesla's Elon Musk earned the top spot for the first time, unseating former Amazon CEO Jeff Bezos, who had held the top spot for four consecutive years. As a group, the 400 wealthiest Americans are worth $4 trillion, $500 billion less than last year, Forbes noted.
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