BUSINESS
Modify ads resembling Britannia's Good Day biscuits, Delhi HC to Parle
A bench of Justice Prathiba M Singh directed Parle to ensure modification in their advertisements by blurring the image of the cookies within two weeks. "It is directed that the defendants shall ensure that within two weeks from now, the impugned Advertisement No.2 and Advertisement No.3 shall be modified with the blurred image of the cookie and the currently used cookie image would be no longer visible in the said advertisements on any online platforms from May 1, 2022, onward," the order passed on April 19 read.
'Italy to be almost independent of Russian gas by 2023'
That would be a rapid change for Italy, which imported more than 40 per cent of its gas supply from Russia before the Ukraine crisis. Along with other European Union countries, Italy issued widespread sanctions against Russia for its military operation in Ukraine. But the sanctions does not include gas imports, Xinhua news agency reported.
Global chip shortage set to ease despite China lockdowns
The second half of 2022 will see downward shipment revisions, largely due to increasing inventory in the channel and a slowdown in consumer PC momentum, according to Counterpoint Research. "Coupled with wafer production expansion and continuous supplier diversification, we have witnessed significant improvement in the component supply situation, at least in the first quarter," said research analyst William Li.
Adani Enterprises shares up nearly 5%, Co commits Rs 10k cr investment in Bengal
On Wednesday, he made this announcement while addressing the inaugural session of the Bengal Global Business Summit (BGBS)-2022, the annual event organised by the West Bengal government to showcase the state as an ideal investment destination. "This investment will be mainly in sectors like under-sea cables, data centres and warehouses," he said at the summit.
Angel One shares surge 18% on healthy Q4 earnings
The shares of the company settled 18.2 per cent higher at Rs 1,920 on Thursday as it reported strong earnings during the quarter that ended in March. Due to a rise in business growth, the profit after tax reportedly rose 24 per cent quarter-on-quarter and 94.6 per cent year-on-year at Rs 205 crore. Operating revenue rose 16 per cent on quarter and 77 per cent on year to Rs 410 crore.
LG unveils new range of ACs, wearable purifier in India
The 2022 lineup, which starts from Rs 15,000 and goes up to Rs 2 lakh, offers new refrigerators - InstaView door-in-door and frost-free refrigerators, AI direct drive washing machines, puricare wearable air purifier, VIRAAT AC, UV+UF water purifiers and a new range of charcoal microwaves.
West Bengal has got investment proposals worth Rs 3.42L cr: CM
"The BGBS -- 2022 has attracted a total investment proposal worth Rs 3,42,375 crore, which is the highest among all the six editions of BGBS. In the past five editions of BGBS combined, our state received investment proposals worth Rs 12.5 lakh crore," Banerjee said on Thursday at the closing programme of the BGBS, an annual event to showcase the state as an ideal investment destination.
Equity indices settle high for second straight day
The Sensex settled at 57,912 points, up 874 points or 1.53 per cent, whereas Nifty at 17,401 points, up 264 points or 1.54 per cent. Among the stocks, Eicher Motors, Coal India, Mahindra & Mahindra, Adani Ports, and Kotak Mahindra Bank were the top five gainers, among the Nifty 50 companies, rallying 4.4 per cent, 4.0 per cent, 3.2 per cent, 2.7 per cent, and 2.7 per cent, respectively.
Global tourism industry to create nearly 126mn jobs in 10 yrs: Report
The WTTC's latest Economic Impact Report (EIR) says the travel and tourism sector will be a driving force of the global economic recovery from the Covid-19 pandemic, reports Xinhua news agency. The report forecasts that the travel and tourism sector's GDP will grow at an average rate of 5.8 per cent annually between 2022 and 2032, outstripping the growth rate for the global economy, to reach $14.6 trillion, equivalent to 11.3 per cent of the total global economy.
Kia enters into India's EV market; to bring EV6 to India
The 'EV6' is the first BEV (battery electric vehicle) from Kia and was unveiled globally in March 2021. The vehicle is built on Kia's new dedicated EV platform 'E-GMP' and is pegged to offer premium mobility solutions to its customers. "The brand will only be bringing limited units of the car and bookings of the vehicle will commence on May 26, 2022, followed by its launch soon after," the company said in a statement.
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