Business – Eastern Mirror
Monday, December 11, 2023
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Business

India’s CAG elected Vice-Chair of UN Panel of Auditors

NEW DELHI — The Comptroller and Auditor General of India, Girish Chandra Murmu, has been elected as the Vice-Chair of the UN Panel of Auditors for the forthcoming year. “This recognition underscores India’s commitment to the highest sta...

22 Nov 2023

Air India operates first ferry flight of A350-900 aircraft

NEW DELHI — Tata-owned Air India has operated its first ferry flight of A350-900 aircraft from Singapore to Toulouse with its new livery. “Another step closer to the arrival of India’s most-awaited aircraft. Our @Airbus A350-900 takes o...

17 Nov 2023

Asia has fastest growth rate of wind, solar capacity at 35% per year: Report

NEW DELHI — Asian investments in renewable energy are growing 23 per cent annually with $345 billion pumped into wind, solar and clean vehicles through 2022, an assessment of energy trends by Zero Carbon Analytics finds on Thursday. The region is a...

16 Nov 2023

Mumbai Airport set record with 1,032 flights on November 11

MUMBAI — With growing air travel during the festival season, the Chhatrapati Shivaji Maharaj International Airport (CSMIA) notched a new record of 1,032 Air Traffic Movements (ATMs) on a single-day on November 11, officials said here on Wednesday. ...

15 Nov 2023

The man who defined luxury and set the gold standards for Indian hotels

NEW DELHI — Rattan Keswani still remembers this embarrassing episode from his long association with the doyen of Indian hospitality, Prithvi Raj Singh ‘Biki’ Oberoi. It is worth recounting, for it tells a lot about the man who defined l...

14 Nov 2023

SC refuses to entertain plea to frame guidelines for regulation of trading of cryptocurrencies

NEW DELHI — The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for regulation of trading and mining of cryptocurrencies. Cryptocurrencies are blockchain-based digital or virtual cu...

11 Nov 2023

Scammers using ‘Diwali’, ‘Pooja’ domains to con users this festive season: Report

NEW DELHI — Cybersecurity researchers have discovered a sharp surge in malicious campaigns that use “Diwali” and “Pooja” domains to scam users this festive season via e-commerce websites, a new report warned on Thursday. The...

09 Nov 2023

India, Japan can collaborate in chips, rare-earth & AI, says RBI chief

NEW DELHI — There are many collaboration opportunities between India and Japan in semiconductors and resilient supply chains, rare-earths extraction, space technology, artificial intelligence, quantum computing, said RBI Governor Shaktikanta Das in...

09 Nov 2023

US joins Adani Group to build terminal at Colombo Port

The US had joined the Adani Group with a half a billion dollar loan to build a new deep water shipping container terminal at the in strategic Colombo Port COLOMBO — The US had joined the Adani Group with a half a billion dollar loan to build a new ...

08 Nov 2023

RBI issues new directions to banks, NBFCs on IT governance & cyber security

MUMBAI — The RBI has issued a new comprehensive Master Direction to banks and NBFCs on Information Technology Governance, Risk, Controls and Assurance Practices which spells out the role of Directors of these regulated entities to discharge their d...

08 Nov 2023

SBI clocks INR 14,330 crore net profit in Q2

MUMBAI — The State Bank of India (SBI), the country’s largest bank, on Saturday reported an 8 per cent increase in net profit to INR 14,330 crore for the July-September quarter of the current financial year. The bank had made a net profit of INR ...

04 Nov 2023

Apple achieves all-time revenue record in India: CEO Tim Cook

CUPERTINO — Apple has achieved an all-time revenue record in India in the September quarter (Q3), said its CEO Tim Cook, adding that there is a lot of headroom to grow in the country where “a lot of people are moving into the middle class”. Dur...

03 Nov 2023

UAE looking at investing $50bn in India

NEW DELHI — The United Arab Emirates (UAE) is looking at investing as much as $50 billion in India as part of its economic diversification plans to go beyond oil, a report said. Provisional pledges from the UAE could be announced early next year, t...

02 Nov 2023

Indian gaming industry to reach $7.5 bn by FY28, country has 568 mn gamers

NEW DELHI — The Indian gaming market is likely to hit the $7.5 billion valuation mark by FY28 – a 20 per cent CAGR growth – driven by increasing in-app purchases and advertising revenues in casual and mid-core games, a new report said o...

02 Nov 2023

UPI transactions soar to all-time high of INR 17.16 lakh crore in Oct

NEW DELHI — Unified Payment Interface (UPI) transactions soared to an all-time high of INR 17.16 lakh crore in October with a 9 per cent increase from INR 15.8 lakh crore in September this year, according to data. In volume terms also the number of...

01 Nov 2023

Prices of commercial LPG cylinders surge by over INR 100, second hike in a month

NEW DELHI — The Oil marketing Companies on Wednesday increased the prices of commercial LPG cylinders by INR 101.5 which are effective from November 1 itself. As per the revised rates, a 19 kg LPG cylinder will now be INR 1,833 from INR 1,731 earli...

01 Nov 2023

Ex-assistant of Bill Gates now world’s 5th-richest person, close to overtaking him

SAN FRANCISCO — Microsoft co-founder Bill Gates’ ex-assistant Steve Ballmer is now ranked as the world’s fifth-richest person on the Bloomberg Billionaires Index and close to surpassing his former boss in wealth. Ballmer’s fortune...

31 Oct 2023

Onion prices dip after hike in minimum export price — Government

NEW DELHI — The weighted average price of onion in Maharashtra across all the markets has declined by 4.5 per cent and similar decline was observed in consumption centres as well after the increase in the minimum export price, the Ministry of Consu...

30 Oct 2023

Oil prices could reach ‘uncharted waters’ if Israel-Hamas war escalates

WASHINGTON — The World Bank reported Monday that oil prices could be pushed into “uncharted waters” if the violence between Israel and Hamas intensifies, which could result in increased food prices worldwide. The World Bank’s Comm...

30 Oct 2023

Myntra’s ‘Diwali Dhamaka’ starts from Nov 1, offers over 2.4 mn styles from over 6K brands

BENGALURU — The festive season is the perfect fusion of celebration, excitement, and boundless joy. To make this season even more special, Myntra has announced ‘Diwali Dhamaka’, set to start on November 1, to help immerse customers in the festi...

30 Oct 2023

Blackstone to acquire CARE Hospitals & KIMSHEALTH, creating the largest healthcare platform with TPG

NEW DELHI — Private equity funds managed by Blackstone have acquired a majority shareholding in CARE Hospitals from Evercare, a platform of TPG RISE funds. In addition, CARE Hospitals has signed a definitive agreement to acquire a majority stake in...

30 Oct 2023

Farmers to get payment of pulses, oilseeds within three days

LUCKNOW — All registered farmers will now get payment within three days of selling their produce (pulses and oil seeds) to the government procurement centres at the minimum support price (MSP), a government spokesman said. “The government has...

30 Oct 2023

Instagram’s new feature lets friends to add photos to your posts

SAN FRANCISCO — Meta-owned Instagram is testing a new collaborative feature that will allow your friends to add photos to your posts. The development was shared by Instagram head Adam Mosseri on his broadcast channel. “New test on Instagram. ...

29 Oct 2023

Ericsson introduces ‘India 6G’ programme at Chennai R&D centre

NEW DELHI — Swedish telecommunications giant Ericsson on Saturday announced the launch of its ‘India 6G’ programme with the formation of a 6G research team at its Chennai R&D centre, as the government aims to make the country a leader in 6G...

28 Oct 2023

India holds trade talks with Japan, UK on sidelines of G-7 meet in Osaka

NEW DELHI — Commerce and Industry Minister Piyush Goyal on Saturday held bilateral talks on trade and investment in separate meetings with Japan Trade Minister Nishimura Yasutoshi and the UK Secretary of State for Business and Trade Kemi Badenoch i...

28 Oct 2023
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