Archive for December 2022

Home Archive for December 2022

Here is the best of Business Standard's opinion pieces for today

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Photo of squat toilets with no door in UPs Basti goes viral probe ordered

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Stunt for bet Man who sniffed cocaine from Pablo Escobars grave jailed for years

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Country approves Merck's Covid-19 antiviral as drug shortage continues

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From spectacle films to large media deals, scale, both on and off screen, remained the central theme in the evolving entertainment landscape

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2022 was about one sporting great finally realising his dream and another bowing out after having done it all

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India's external debt stood at USD 610.5 billion in the second quarter of 2022-23, down by USD 2.3 billion from end-June 2022, the finance ministry said on Thursday. The external debt to GDP ratio stood at 19.2 per cent as at end-September 2022 as compared to 19.3 per cent at end-June. "At end-September 2022, India's external debt was placed at USD 610.5 billion, recording a decrease of USD 2.3 billion over its level at end-June 2022," it said. Valuation gains due to the appreciation of the US dollar vis--vis major currencies such as the euro, yen and Indian rupee was placed at USD 10.6 billion. "Excluding the valuation effect, the increase in external debt would have been USD 8.3 billion instead of a decrease of USD 2.3 billion at end-September 2022 over end- June 2022," it noted. At end-September 2022, long-term debt (with original maturity of above one year) was placed at USD 478.7 billion, recording a fall of USD 8 billion over its level at end-June 2022, it said. On the othe

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Kylian Mbappe pays tribute to Pele His legacy will never be forgotten

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FMCG firm Tata Consumer Products Ltd (TCPL) on Thursday said it has acquired 23.3 per cent additional shares of South Africa-based Joekels Tea Packers for Rs 43.65 crore through a step-down subsidiary. Tata Consumer Products Overseas Holdings Ltd (TCP Overseas) -- a step-down wholly-owned subsidiary of the company through Tata Consumer Products UK Group -- "has decided to purchase 23.3 per cent of the share capital of Joekels Tea Packers, Republic of South Africa from its Joint-Venture partners," said a regulatory filing. This is as per the terms of the share purchase agreement and the shareholders' agreement, finalised and executed, amongst TCP Overseas, Joekels and the JV Partners, it added. Over the cost of the acquisition of the stake, the Tata group FMCG arm said it is for a consideration value of Rs 43.65 crore plus the adjustment amount. As a result of the acquisition, the "holding of TCP Overseas in Joekels will increase from 51.7 per cent to 75 per cent" of the equity shar

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Unacceptable behaviour says Jyotiraditya Scindia on Thai aircraft fight accused booked

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Here is the best of Business Standard's opinion pieces for today

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ExRussian commander dies suddenly day after Putin cancels trip to tank factory Report

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As Southwest cancels thousands of flights amid winter storm US calls it system failure

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Capital markets regulator Sebi on Wednesday levied a fine totalling Rs 75 lakh on Indian Clearing Corp Ltd (ICCL) and NSE Clearing Corp Ltd (NCL) for violating norms in the matter of Karvy Stock Broking Ltd (KSBL). In two separate orders, the regulator slapped a fine of Rs 50 lakh on ICCL and Rs 25 lakh on NSE Clearing Corporation. The order came after market watchdog initiated adjudication proceedings against ICCL and NSE Clearing Corp for alleged violation of provisions of Sebi's early warning mechanism (EWM) circular issued on December, 2018. Under the EWM circular, alerts triggered at one stock exchange / clearing corporation/ depository through early warning mechanism shall be immediately shared with other stock exchanges / depositories with respect to the stock broker / depository participant. It was observed that National Securities Depository Limited (NSDL) sent various alerts pertaining to KSBL to ICCL and NCL during February-November 2019. ICCL and NCL were required to .

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Global and domestic factors will affect output

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Tunisha Sharma suicide case Sheezan deleted chats with alleged secret GF claims police

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Here is the best of Business Standard's opinion pieces for today

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Disruptions likely to continue throughout the week; cancelled flights are making weary home-bound travellers sleep on floors

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Devastating floods, heatwaves, and forest fires made headlines even as the world signed key deals to protect biodiversity and agreed on a "loss and damage" fund

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With its abundance of talent, wealth, and innovative capabilities, India's digital ecosystem is a vital global asset that could be harnessed to solve major challenges worldwide

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Take a look at the status of the ongoing FTA negotiations by India

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Over 1,000 senior Israeli air force veterans, including a former Israeli chief of staff, on Monday urged the country's top legal officials to stand tough against the incoming government. In a letter to the chief of Israel's Supreme Court and other top officials, they said the alliance of religious and ultranationalist parties threatens Israel's future. The letter was delivered days before the new government is to take office. We come from all strata of society and from across the political spectrum, the letter said. What we have in common today is the fear that the democratic state of Israel is in danger. It called the legal officials the final line of defence and implored them to do everything in your reach to stop the disaster that is affecting the country. Among the nearly 1,200 signatories were Dan Halutz, who served as military chief from 2005-2007; Avihu Ben-Nun, a former commander of the air force and Amos Yadlin, a former head of military intelligence. All three are form

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Here are the top BS Opinion articles of the day

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Shareholders of SpiceJet on Monday approved the re-appointment of Ajay Singh as a director of the no-frills airline. At the annual general meeting, the shareholders also gave their nod for the adoption of audited financial statements for financial year ended March 31, 2022. In a regulatory filing, the carrier said the re-appointment of Singh as a director liable to retire by rotation was cleared by the shareholders with requisite majority. Currently, Singh is the Chairman and Managing Director of the no-frills airline. Singh was originally appointed as director on November 4, 2004 and subsequently resigned on August 27, 2010. Thereafter, he was appointed as Managing Director of the company on May 21, 2015. The budget carrier is facing multiple headwinds and reported a net loss of Rs 789 crore in the June quarter due to an adverse impact of high fuel prices and rupee depreciation. On Monday, shares of the airline jumped nearly 7 per cent to close at Rs 37.85 apiece on BSE. SpiceJ

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Amid the fear of a surge in COVID-19 cases, Mumbai's civic body on Monday said it was gearing up by creating special wards and replenishing medicine stocks as well as oxygen facilities. Nations like China, Japan and the United States of America are seeing a spike in cases, believed to be caused by BF.7, a sub variant of Omicron. A Brihanmumbai Municipal Corporation statement said it was working on 26 different aspects to tackle any emergency. "These include preparation of oxygen beds, ventilators, medicines, ICU beds, training of nurses and paramedical staff and maintaining sufficient stock of medicines," it said. "There are more than 2,100 beds ready in government and private hospitals where COVID-19 patients can be treated immediately. These include 1,049 ventilator beds and 579 ICU beds. There are 3,245 doctors, 5,784 nurses and nearly 200 ambulances as well," it said.

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Agrochemical players are likely to witness 15-17 per cent revenue growth this fiscal, mainly driven by strong global and domestic demand, according to a report. Revenue is expected to grow by 10-12 per cent in the next 2023-24 financial year as India continues to benefit from the China+1 strategy of global players and key molecules going off patent, Crisil Ratings said in a report said on Monday. Higher operating leverage will help sustain operating margins at 15-16 per cent in the current fiscal and FY24, despite input prices remaining elevated, it added. Capital spending will continue at similar levels as in the past, but elongation in the working capital cycle will result in higher borrowings, as per the report. "Export revenue is seen rising 18-20 per cent this fiscal, with the US dollar appreciating 9 per cent so far and volume growing as global players continue to de-risk their China dependency. "Next fiscal, exports will likely grow 12-14 per cent as players keep up capex w

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After US UK Saudi Australia issue security alert for citizens in Islamabad

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A combination of sectoral rotation and better consumer spending is attributed to the shift towards realty and consumer services stocks

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We believe the RBI will pause rates for a longer period after the rate hikes are over. This is a typical attribute of an economy in mid-cycle; a phase India is in currently, says Manish Banthia

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Tamil Nadu never announced any relaxation in following COVID-19 appropriate behaviour and it is safe to wear a mask in crowded places, state Health Minister Ma Subramanian said on Sunday amid a surge in coronavirus infections overseas. The minister said health department officials have been instructed to mandatorily take RT-PCR tests of all the passengers at the international airport who arrive from countries where the spread of infection has been high. Beginning Saturday, Tamil Nadu has resumed random testing of international passengers arriving at the airports in the state. "Wearing a mask, hand hygiene are already covered under COVID-19 protocols. We have not announced any kind of relaxation. All the COVID-19 standard operating procedures still remain. It is safe to wear a mask in crowded places like malls, air conditioned environments," he told reporters here. "Instead of discussing whether it is mandatory or not, it is safe to wear a mask to protect ourselves," he said. The .

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Leading organisations including Cognizant, Larsen & Toubro, HDFC Bank, ITC, KPMG, Axis Bank, Schneider Electric, Cipla and Procter & Gamble are doubling down on efforts to improve gender diversity in the workplace.

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In view of festival season of Christmas and New Year, Himachal police authorities have issued necessary guidelines and directed SPs and other district police officials to make adequate arrangements

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ChinaPakistan together planning single front war Rahul Gandhi tells Army veterans

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Ukraine will endure this winter Zelenskyys defiant Christmas message

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Russian shells pummelled the southern Ukrainian city of Kherson on Saturday, killing at least 10 people and injuring 55 in the city that Moscow's troops were forced to abandon last month. Ukrainian President Volodymyr Zelenskyy, just back from his quick trip to Washington, posted photos of the wreckage on his social media accounts. He noted the destruction came as Ukrainians were beginning Christmas celebrations that for many Orthodox Christians will culminate in the traditional celebration on January 7. This is not sensitive content it's the real life of Kherson, Zelenskyy tweeted. The images showed cars on fire, bodies on the street and building windows blown out. Yaroslav Yanushevych, the governor of the Kherson region, said in televised remarks that the number of people killed in the latest shelling of the city has risen from seven to 10. He added that 55 people were wounded, 18 of them in grave condition, including a 6-year-old child. Saturday marks 10 months since the star

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He claimed that former chief of army staff (COAS) General Bajwa probably believed that PTI's popularity would witness a decline, however, "that did not happen"

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Tunisha Sharma death Police file FIR arrest coactor Sheejan Khan for abetment of suicide

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Sunrisers Hyderabad paid England's Harry Brook a handsome sum of Rs 13.25 cr in the recently concluded IPL mini-auction in Kochi. What makes him earn so much? We try to find out

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Hum jahan gaye humko pyar mila Rahul Gandhi as Bharat Jodo Yatra enters Delhi

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Here is the best of Business Standard's opinion pieces for today

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Metro rails are considered a test case for public-private partnership (PPP), but DMRC's brush with PPP has not been a happy one

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Telangana Health Minister T Harish Rao on Friday urged the Centre to supply COVID-19 vaccines to step up booster dose coverage in the state. Rao, who attended a video conference held by Union Health Minister Mansukh Mandaviya, said Telangana has achieved 48 per cent booster dose coverage against national average of 23 per cent, an official release said. He asked the Centre to inform the states on various issues, including spread of virus, its impact and treatment in view of the rise in Omicron sub-variant BF 7 cases in different countries. This will help the states in improving their preparedness, he said. Rao suggested taking steps in advance to prevent any shortage in oxygen supply. As part of this, oxygen plants should be linked to the nearby hospitals. He also sought steps to ensure that the ventilators and others provided by the Centre to the state remain readily available, the release said. Amid fresh concerns over COVID-19, Rao on Thursday directed officials to ensure ...

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In a major breakthrough, the Bihar Police on Friday arrested five people, including the main accused, in the Saran hooch tragedy case, a senior officer said. A special investigation team, constituted by the state police in the incident, apprehended a homoeopathy compounder, allegedly the mastermind of the hooch tragedy that claimed 38 lives, Saran Superintendent of Police Santosh Kumar said. "Police seized a vehicle, used for transporting chemicals from Uttar Pradesh and supplying liquors in and around Masrakh in Saran. Empty bottles of chemicals that were used in manufacturing spurious liquor were also recovered, the SP said. The SIT had earlier arrested nine people in connection with the case. "The preliminary investigation revealed that the mastermind with the help of his associates used to manufacture spurious liquor by mixing homoeopathy medicine and sugar. They (accused) used to supply illicit liquor in several areas of Saran district through their vendors or associates," he

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Former Sikkim chief minister Pawan Kumar Chamling has urged the Prem Singh Tamang government to showcase the state's organic farming prowess during two scheduled G20 events in this popular tourist destination in March 2023. "Sikkim has been a world leader in taking up organic farming in a big way during the Sikkim Democratic Front (SDF) rule, Chamling said in a social media post. Given the underlying benefits of organic farming for the economy and health, the state government should showcase that for the visiting delegates at the G20 events to be held in the Himalayan state in March 2023, the SDF president said. Not only the farmers of Sikkim have benefitted financially by undertaking organic farming, it has been emulated by other states, too, Chamling, a five-term chief minister from 1994 to 2019, said. Chamling had launched organic farming in Sikkim two decades ago, officials said. In November, Indonesia had handed over the G20 presidency to India for the coming year at the Bali

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The cryptocurrency entrepreneur Sam Bankman-Fried can post USD 250 million bond and live in his parents' home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said on Thursday. Assistant US Attorney Nicolas Roos said in US District Court in Manhattan that Bankman-Fried, 30, perpetrated a fraud of epic proportions. Roos proposed strict bail terms, including a USD 250 million bond and house arrest at his parents' home in Palo Alto, California. An important reason for allowing bail was that Bankman-Fried agreed to waive extradition, Roos said. Magistrate Judge Gabriel W. Gorenstein agreed to the bond and also approved the house arrest proposal. He also said Bankman-Fried would be required to get an electronic monitoring bracelet before leaving the Manhattan courthouse. Bankman-Fried wore a suit and tie in court and sat between his attorneys. Two US marshals sat behind him. Bankman-Fried, arrest

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Here is the best of Business Standard's opinion pieces for today

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Aaftab brainwashed my daughter in a planned manner says Shraddhas father

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Pharmaceuticals firm Lupin Ltd on Thursday said its US-based arm is recalling four lots of Quinapril tablets used to treat high blood pressure due to the presence of a nitrosamine impurity. Lupin Pharmaceuticals Inc, the company's wholly-owned arm, is recalling the said tablets due to the presence of a nitrosamine impurity, N-Nitroso-Quinapril, observed in recent testing above the acceptable daily intake (ADI) level, Lupin Ltd said in a regulatory filing. "To date, Lupin has received no reports of illness that appear to relate to this issue," it said, adding it discontinued marketing of Quinapril tablets in September 2022. Quinapril tablets of strengths 20mg and 40mg packaged in separate 90 count bottles were distributed nationwide in the US to wholesalers, drug chains, mail order pharmacies and supermarkets, it added. The filing further said Lupin Pharmaceuticals Inc is notifying its wholesalers, distributors, drug chains, mail order pharmacies and supermarkets by phone and throug

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It must push exports of 18 items to developing nations, says report

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Serum Institute seeks approval to roll out Covovax vaccine as booster for adults

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Here is the best of Business Standard's opinion pieces for today

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RRR and The Last Film Show shortlisted for th Academy Awards

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Ukrainian President Zelensky meets Joe Biden at White House ahead of Congress speech

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Trinamool MP interrupts Amit Shah in Lok Sabha What happened next Watch

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''When we talk about cashless society, we are not talking about people in Mumbai. We are talking about people who are in the hinterland''

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Amid renewed Covid scare do we need fourth vaccine dose What experts say

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What is going on in China with Covid Why this needs an immediate answer

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Several prominent people from south-India had given kickbacks of around Rs 100 Cr to AAP government here in exchange of favours and undue benefits to them in the liquor business, the ED has alleged in its charge sheet filed before a city court in Delhi excise scam. The ED alleged in its charge sheet filed against businessman Sameer Mahendru and AAP's communication in-charge Vijay Nair had hatched a conspiracy with K Kavitha, MLC of Telangana, Magunta Srinivasulu Reddy (MSR), MP of Ongole (Andhra), his son Raghav Magunta, and Sarath Reddy, who are collectively called as South Group. Mahendru, in collusion with others, formed a cartel of retailer-wholesaler-manufacturer with Pernod Ricard, Benoy Babu, Vijay Nair, representative of AAP, Arun Pillai, K Kavitha, Magunta Srinivasulu Reddy (MSR), his son Raghav, Sarath Reddy, Abhishek Boinpally and Buchi Babu, it alleged, adding that the 'south group' was represented by Arun Pillai, Abhishek Boinpally and Buchi Babu. It added that Mahendru

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The ED has claimed in its charge sheet before a court here that the Delhi Excise Policy, which caused total loss of Rs 2,873 crore to govt exchequer, was a device created by Aam Aadmi Party (AAP) leaders, some of who are part of Delhi government, to generate illegal funds. In its first charge sheet filed in the scam, the agency alleged that the constitution of expert committee and calling of public opinion were merely eyewash and their reports were never to be implemented. The policy was formulated with deliberate loopholes, inbuilt mechanism to facilitate illegal activities and is marred with inconsistencies which when looked deeply, reflect malafide intentions of the policymakers, it alleged. This policy promoted cartel formations through back door, awarded exorbitant wholesale (12 per cent) and huge retail profit margin of 185% and incentivized other illegal activities on account of criminal and political conspiracy of leaders of AAP, it alleged, adding that the 12 per cent profi

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Here is the best of Business Standard's opinion pieces for today

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Fitch said India's robust medium-term growth outlook is a key supporting factor for the rating

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China Covid scare dampens Christmas cheer

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injured in explosion in Pakistans Balochistan province

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A day earlier, Musk pledged to submit all future policy decisions to a vote and offered Twitter users a choice on leadership, asking them if he should step down; 57.5% of the vote were in favor

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Here are the top BS Opinion articles of the day

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IndiGo carried more passengers on a sequential basis, while its market share fell to 55.7 per cent (from 56.7 per cent in October)

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Hiring in the sector is seen growing by 40-50% in the next 6-12 months as companies look to strengthen their teams across functions to cater to capacity expansion and new product launches, according to industry officials and staffing companies.

source https://economictimes.indiatimes.com/jobs/ev-sector-hiring-set-to-gain-momentum-next-year/articleshow/96352446.cms

While the total payables against purchase is to the tune of nearly Rs 5,200 crore, the farmers have already received about Rs 4,000 crore in their registered bank accounts

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PM Modi congratulates Argentina for winning FIFA World Cup

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Work on a Patanjali plant at MIHAN in Nagpur will be completed soon, Maharashtra Deputy Chief Minister Devendra Fadnavis said here on Sunday. The 230-acre plot was acquired by the Ramdev-led firm six years ago but work had not started on it. "The remaining work on the Patanjali plant will be completed soon. I have spoken to Baba Ramdev on this issue. He has assured the work will be completed in a time-bound manner," Fadnavis said. Speaking on the completion of the Gosikhurd Dam project in Bhandara, the Deputy CM the Union government had allotted funds for the project and work is progressing as per schedule. He also said the state government would soon be able to issue tenders and work orders for the proposed new Nagpur airport.

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FIFA World Cup Final Mbappe beats Messi to win Golden Boot award

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Debt cost of eight listed players at lowest since pandemic

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FIFA WC Final Mbappe enters record books with hattrick vs Argentina

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Explainer Why Japan is boosting its arms capability defence spending

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The Chamber of Trade and Industry (CTI) wrote to Union Commerce Minister Piyush Goyal urging him for a change in the import policy and to make it mandatory to write the country of origin on every item

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The protesters, who have been sitting on a dharna in front of the distillery and ethanol plant in Mansurwal village of this district for nearly five months, refused to lift the dharna on Saturday despite minister Kuldeep Singh Dhaliwal reaching out to them. The Punjab minister for Rural Development and Panchayat assured the protesters on all the decisions which were agreed upon between their delegation and the government. Villagers with the support of some farmer unions have been holding the protest in front of the plant in Mansurwal village, seeking its closure while claiming that it was polluting underground water in several villages in the area, besides causing air pollution. The protest is being held under the banner of the Sanjha Zira Morcha since July 24. Chief Minister Bhagwant Mann had on Friday evening held a meeting with a delegation of agitators in Chandigarh to address their issues. While interacting with the protesters on Saturday, Dhaliwal assured them of protecting

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Prime Minister Narendra Modi on Saturday expressed delight at India winning the T20 World Cup for the Blind, and said the country is proud of its athletes. Modi tweeted, "India is proud of our athletes. Delighted that we have won the T-20 World Cup for the Blind. Congratulations to our team and best wishes to them for their future endeavours." Riding on brilliant centuries from captain Ajay Kumar Reddy and Sunil Ramesh, India thrashed Bangladesh by 120 runs in the final to win their third consecutive title in the T20 World Cup for the Blind here on Saturday.

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FIFA World Cup Croatia secure third place finish with win over Morocco

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Italian PM condoles demise of Mihajlovic You fought like lion on pitch and in life

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Pope Francis orders return to Greece of Parthenon sculptures held in Vatican

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Here is the best of Business Standard's opinion pieces for today

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This is imperative as the countries deliberate on mobility of gig and platform workers between nations along with other skilled workforce.

source https://economictimes.indiatimes.com/jobs/india-to-collaborate-with-g20-for-gig-workers/articleshow/96287344.cms

These publicized meetings of FCBD and finance ministers and central bank governors are just the tip of the iceberg when it comes to the work being done in G-20

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BMW Motorrad to launch CE electric scooter in India in

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The world sees Pakistan as the "epicentre" of terrorism, External Affairs Minister S Jaishankar said here on Thursday, asserting that the international community has not forgotten where the menace stems from, despite the brain fog induced by over two years of Covid-19. He made the remarks while addressing reporters at the UN Security Council stakeout after charing a signature event held under India's presidency of the Council on Global Counterterrorism Approach: Challenges and Way Forward. In terms of what they are saying, the truth is everybody, the world today, sees them as the epicentre of terrorism," he said. "I know we've been through two and a half years of Covid and a lot of us have brain fog as a result. But I assure you the world has not forgotten where terrorism emanates from, who has their fingerprints over a lot of activities in the region and beyond the region. "So, I would say that it's something which they should remind themselves before indulging in the kind of ...

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US House passes bill that could pave way for Puerto Rican statehood

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How success in nuclear fusion looks like a blessing to prevent climate change

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The government on Thursday asserted that nuclear plants in the country are "well protected" from intrusions including from cyber attacks. Minister of State (Independent Charge), Department of Atomic Energy, Jitendra Singh also said the government has entered into Inter-Government Agreements with the Russian Federation for setting up Kudankulam Nuclear Power Project. He was asked about the steps being taken by the government to prevent cyber attacks on nuclear plants. "Certainly there was one such report last year following which we have put in place a mechanism whereby different levels of screening is done and monitoring is done. "I can assure this House that the nuclear plants are well protected from all kinds of intrusions including the cyber attacks," Singh said during Question Hour in Rajya Sabha. The minister said the government has entered into IGAs with Russian Federation for setting up Kudankulam Nuclear Power Projects comprising six units of 1000 MW each. Two units KKNP

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Report estimates that 4-5 million EVs will be sold across segments in 2026

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France end Moroccan fairytale in semis set up final vs Argentina

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Former Italian PM Berlusconi promises bus full of prostitutes for Monza football team

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That tweak in the code got the attention of the US Securities and Exchange Commission (SEC), and charged Bankman-Fried with fraud

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The India-Australia Economic Cooperation and Trade Agreement, signed in April this year, is the most strategic pact between the two countries that will bolster bilateral ties, Consul General of Australia in Kolkata Rowan Ainsworth said. Speaking at an interactive session organised by the Engineering Exports Promotion Council (EEPC) and Indo-Australian Chamber of Commerce (IACC) here on Wednesday, Ainsworth said the agreement will provide preferential market access for Indian goods in Australia. The pact is a major milestone in building stronger economic ties with India, the envoy said. She said that according to the pact, India needs to eliminate 96 tariff lines for goods imported from Australia, while Australia needs to eliminate 85 per cent tariff lines on imports from India. Ainsworth also said tariffs will be eliminated in the mineral sector, making way for competitive rates on Australian imports. Australia trades in about 6,500 tariff lines, while India has over 11,500 tariff

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Supreme Court notice on plea seeking legal recognition of samesex marriage

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Argentina have won finals hope to win another on Sunday Messi

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Messi Alvarez shine as Argentina outclass Croatia to reach th World Cup final

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Jaydev Unadkat to miss st Test in Bangladesh due to visa issues

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Former Maharashtra CM Uddhav Thackeray approached the Delhi High Court against its single-judge bench order rejecting his plea against EC's decision to freeze Shiv Sena's name and symbol

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Congress claims raids at Hyderabad party poll strategist for tweet against CM KCR

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More than 100 FTX-related entities filed for US bankruptcy protections on Nov. 11. The firm and Bankman-Fried are facing investigations in the US and the Bahamas

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During the media gathering - a major political event in the country - Putin takes questions from the press and the public in a marathon that usually lasts several hours

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This underscores the speed at which Iran now carries out death sentences handed down for those detained in the demonstrations that the government hopes to put down

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The Reserve Bank on Monday permitted resident entities to hedge their exposure to price risk of gold on exchanges in the International Financial Services Centre (IFSC). Resident entities in India are currently not permitted to hedge their exposure to price risk of gold in overseas markets. "On a review, it has been decided to permit eligible entities to hedge their exposure to price risk of gold on exchanges in the IFSC recognised by the International Financial Services Centres Authority (IFSCA)," the RBI said in a circular. An announcement in this regard was made by Reserve Bank Governor Shaktikanta Das while unveiling the bi-monthly monetary policy last week. Hedging refers to the activity of undertaking a derivative transaction to reduce an identifiable and measurable risk.

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Private sector ICICI Bank on Monday said it has raised Rs 5,000 crore through bonds to fund business growth. The bank has allotted 50,000 senior unsecured redeemable long term bonds in the nature of debentures aggregating to Rs 5,000 crore on private placement basis, the date of allotment being December 12, 2022, it said in a regulatory filing. The bonds are redeemable at the end of 7 years (redemption date being December 12, 2029), it said. There are no special rights or privileges attached to the bonds, it added. The bonds carry a coupon of 7.63 per cent payable annually and were issued at par, it said, adding, the bonds would be listed in the relevant segment of the NSE.

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A revival in the IT and media industries was also observed in November after months of decline, indicating a positive sentiment in hiring. Overall, the outlook for the Indian job market is positive and will only continue to do better in the coming months.

source https://economictimes.indiatimes.com/jobs/e-recruitment-activity-witnesses-marginal-dip-of-1-in-november-report/articleshow/96179637.cms

Patel will be administered the oath as the 18th Chief Minister by Governor Acharya Devvrat in Gandhinagar at 2 pm

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51 companies have announced Rs 37,519-crore buybacks so far

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Authorities in Scotland said Sunday that the Libyan man suspected of making the bomb that destroyed a passenger plane over Lockerbie, Scotland, in 1988 is in U.S. custody. Scotland's Crown Office and Procurator Fiscal Service said in a statement: The families of those killed in the Lockerbie bombing have been told that the suspect Abu Agela Mas'ud Kheir Al-Marimi is in U.S. custody. Pan Am flight 103 exploded over Lockerbie on Dec. 21, 1988, leaving 270 people dead. It remains the deadliest terror attack on British soil. In 2001, Abdelbaset al-Megrahi was convicted of bombing the flight. He was the only person convicted over the attack. Scottish prosecutors and police, working with U.K. government and U.S. colleagues, will continue to pursue this investigation, with the sole aim of bringing those who acted along with al-Megrahi to justice, the Crown Office added.

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India stood alone abstaining on a SC resolution backed in a show of consensus by the West, China and Russia, warning it could allow the diversion of aid to terrorist groups

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PM Modi Amit Shah BJP bigwigs to attend Bhupendra Patels oath ceremony in Gujarat tomorrow Top points

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Twitter is once again attempting to launch its premium service, a month after a previous attempt failed. The social media company said on Saturday it would let users buy subscriptions to Twitter Blue to get a blue checkmark and access special features starting Monday. The blue checkmark was originally given to companies, celebrities, government entities and journalists verified by the platform. After Elon Musk bought Twitter for USD 44 billion in October, he launched a service granting blue checks to anyone willing to pay USD 8 a month. But it was inundated by imposter accounts, including those impersonating Musk's businesses Tesla and SpaceX, so Twitter suspended the service days after its launch. The relaunched service will cost USD 8 a month for web users and USD 11 a month for iPhone users. Twitter says subscribers will see fewer ads, be able to post longer videos and have their tweets featured more prominently.

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World Cup Harry Kane misses penalty as France knock England out to reach semis

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FIFA World Cup Quarterfinals Live Score France England

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Kerala Governor Arif Mohammed Khan on Saturday said India is surviving because of the teachings of saints such as shankaracharyas and sages. Khan was speaking at a function in Mumbai where he received the SIES (South Indian Education Society) Sri Chandrasekarendra Saraswathi award for public leadership. "India is surviving because of the teachings of saints like Shankaracharya and rishis. Indian civilisation is not only ancient but it is dynamic to create and face challenges, with the result that its continuity is ensured," he said. Shankaracharya is a religious title used by the heads of monasteries called mathas in the Advaita Vedanta tradition of Hinduism.

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FIFA World Cup Quarterfinals Live Score France England

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dead hundreds displaced as Cyclone Mandous wreaks havoc in Tamil Nadu Andhra Pradesh Top Points

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Cyclone Mandous makes landfall off Mamallapuram heavy rainfall in parts of Chennai

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Newly elected Congress MLAs met here on Friday and unanimously passed a resolution authorising the party president to pick their leader who will be the next Himachal Pradesh chief minister. Ahead of the Congress Legislature Party meeting, chief minister hopefuls Pratibha Singh, Mukesh Agnihotri and Sukhwinder Singh Sukhu reached the party office in state capital Shimla along with their supporters, who raised slogans in their favour. The Congress wrested power from the BJP in the hill state winning 40 of the 68 assembly seats. The polling was held on November 12 and the results were declared Thursday. Addressing the media after the legislature party meeting, AICC in-charge for Himachal Pradesh Rajeev Shukla said the one-line resolution was passed unanimously and the party's observers would submit their report to its high command on Saturday. Refuting that there is factionalism within the Congress party as several leaders were lobbying for the chief minister's post, Shukla said no na

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Congress president Mallikarjun Kharge on Friday said the views of the newly-elected MLAs in Himachal Pradesh were being sought to bring out a consensus on who will be their leader. He said the observers sent to the hill state were seeking the individual views of all party legislators and they would convey to him their opinions, based on which the party will take a decision on the chief ministerial candidate. Kharge said in the Congress party, there is a procedure in place and the party observers go and take the opinion of all legislators.

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No one can end Congress says Mallikarujun Kharge

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Neymar equals Peles Brazil scoring record with stunner vs Croatia

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