PARIS, DEC 28: This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It was a “polycrisis” year, a term popularised by historian Adam Tooze. Get ready for more gloom in 2023. “The number of crises […]Continue Reading
Business News
NEW DELHI, DEC 28: Five digital platforms — cab aggregators Ola and Uber, grocery delivery app Dunzo, pharmacy platform PharmEasy and Amazon Flex — have the lowest scores in a rating of digital platforms on the basis of providing fair working conditions for gig workers. The rating of 12 digital platforms was done by a […]Continue Reading
NEW DELHI, DEC 27: Amid growing uncertainty over Jet Airways’ comeback, some of its senior management, pilots, and cabin crew have left the grounded airline, according to sources. There are also reports that few senior executives have been sent on leave without pay and the airline’s chief executive officer, Sanjiv Kapoor, and chief financial officer, […]Continue Reading
NEW INDIA, DEC 26: Air India on Saturday launched the new “FogCare” initiative which will take care of unforeseen circumstances, such as delays and cancellations of flights, due to thick fog during the winter season. This initiative will initially be launched for flights departing from and arriving at Delhi’s IGI Airport. Under FogCare, Air India […]Continue Reading
New Delhi,Dec.24 : Tata Communications on Thursday announced that it has entered into a definitive agreement to acquire the New York-based end-to-end live video production company The Switch Enterprises in an all-cash deal for Rs 486 crore. The companies, in a statement, said under the terms of the agreement, Tata Communications has agreed to acquire […]Continue Reading
New Delhi, Dec.24: Meta on Thursday said it took down over 19.52 million pieces of content across 13 policies for Facebook and over 3.39 million pieces of content across 12 policies for Instagram in the month of November in India. Between November 1-30, Facebook received 889 reports through the Indian grievance mechanism, and the company […]Continue Reading
Thane,Dec.24 : Union Minister Nitin Gadkari on Friday asked banks to give loans at reduced interest rates to those seeking to buy vehicles that run on clean energy, including flex fuel, electricity and hydrogen. Speaking at the golden jubilee celebrations of a cooperative bank in Kalyan in Maharashtra’s Thane district, the Union Minister for Road […]Continue Reading
METRO India, a wholly owned subsidiary of METRO AG, operates cash and carry stores primarily under ‘METRO’ brand in India, with a unique history of 19+ years of experience and innovation in B2B segmen. The acquisition will add uniquely positioned multi-category large format stores to Reliance Retail’s store footprint across India and further strengthen its […]Continue Reading
MUMBAI, DEC 22: The rupee strengthened against the US dollar in opening trade on Thursday due to a weak greenback in the overseas markets and early gains in domestic equity markets. Firm crude oil prices and forex outflows from capital markets, however, restricted the rupee’s gains, according to forex dealers. At the interbank foreign exchange […]Continue Reading
MUMBAI, DEC 21: India’s central bank governor warned Wednesday that cryptocurrency markets risked causing the next global financial crisis, saying the recent collapse of FTX was proof of the sector’s “inherent risks”. The comments close out a challenging year for India’s millions of crypto owners, who are already reeling from a global market Continue Reading
