BUSINESS
Geo-political conditions dim prospects for Samsung stock in near future
Shares of Samsung, the world's largest memory chip and smartphone maker, have tanked this year, even though the tech giant is likely to report its best first-quarter earnings in four years later this month, on the back of solid chip and mobile demand.
OMCs might require to further raise fuel prices: Fitch Ratings
Notably, the November 2021-March 2022 was one of the longest retail price freezes in recent years, despite reference crude oil prices increasing by nearly $27 per barrel (or Rs 13 per litre) during the period. NThe freeze may lead to marketing losses for the oil marketing companies (OMCs) in the fourth quarter of the financial year ending March 2022 (FY22).
Twitter's board salary will be $0 if my bid succeeds: Musk
"Board salary will be $0 if my bid succeeds, so that's $3 million/year saved right there," Musk tweeted on Monday. He also tweeted "Love Me Tender", an Elvis Presley song, after Twitter adopted 'poison pill' strategy to prevent Musk from forcefully buying it.
Indian private sector to drive carbon transition: Moody's
According to Moody's, many large corporations have launched a wide range of emission targets through 2050. "India's (Baa3 stable) 2070 net-zero target and intermediate goals through 2030 present significant policy implementation challenges for the government, carving a more central role for private companies and investors to drive the transition, according to a new report by Moody's.
Equity indices largely steady in early trade after a storm
At 9.30 a.m., Sensex was at 57,195 points, up 0.05 per cent, whereas Nifty was at 17,212 points, up 0.2 per cent. On Monday, both the indices declined 2 per cent each. A rise in inflation as well as a fresh spike in global crude oil prices seemed to have dented investors' sentiment.
SC directs banks not to impose penalty on EMI default by Amrapali home buyers
A bench of Justices U.U. Lalit and Bela M. Trivedi said the accounts of defaulter flat buyers, who had availed the subvention facilities, should not be treated as Non-Performing Asset (NPA) accounts, and also their CIBIL score should not be maintained at zero level.
Delhi HC rejects Snapdeal's injunction against domain names with its trademark
As per Snapdeal's allegations, these domain names are infringing in nature, as the plaintiff is the registered proprietor of the "SNAPDEAL" trade mark. It is also alleged that such third parties are, through the websites operating under the said domain names, carrying out illegal activities, such as providing lucky draws etc. and are also, in certain cases, posing as customer care centres for the plaintiff's products.
Pakistan to resume negotiations with IMF
The IMF had recently suspended its programme amid the political turmoil in Pakistan, stating that it would re-initiate talks with the new government that would take charge of the country. Its decision came when then Prime Minister Imran Khan was faced with a major challenge when opposition parties joined together and tabled a no-confidence motion, which later led to his ouster and brought in Shahbaz Sharif as his successor.
108.90 lakh paddy farmers benefited with procurement at MSP, 5.86 lakh for wheat
About 108.90 lakh farmers have benefitted with MSP value of Rs 1,47,800.28 crore as part of the paddy procurement in Kharif Marketing Season (KMS) 2021-22 at MSP. "Wheat procurement has recently commenced in Rabi Marketing Season 2022-23 in the states of Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttrakhand, Chandigarh, Himachal Pradesh, Gujarat, and Rajasthan," an official said.
$7.2 trillion of China's GDP under lockdown
Together, they represent 40 per cent, or $7.2 trillion, of annual gross domestic product for the world's second-largest economy, according to data from Nomura Holdings, CNN reported. Analysts are ringing warning bells, but say investors aren't properly assessing how serious the global economic fallout might be from these prolonged isolation orders.
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