Archive for January 2023

Home Archive for January 2023

West Bengal Chief Minister on Monday held an organisational meeting of the TMC's Birbhum district unit, and took stock of the party's preparedness ahead of the rural polls. The district unit's president Anubrata Mondal was last year arrested by the CBI for his alleged involvement in a cattle smuggling scam. Banerjee, who is on a tour of various districts from Monday, held a closed-door meeting in Bolpur, and inducted three new leaders in the district core committee, which was formed after the arrest of Mondal. During the meeting, the party supremo (Banerjee) oversaw the preparedness for the panchayat polls (due this year). She also inducted Kajal Sheikh, MP Satabdi Roy and MP Asit Mal into the district core committee, a TMC leader said. This was Banerjee's first visit to the district after the arrest of Mondal, a staunch loyalist of the party chief. His three-decade-long political career has been marked by controversies and strong-arm tactics. Mondal was arrested in August last y

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Former Brazil President Jair Bolsonaro has applied for US tourist visa

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

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At least injured in latest mass shooting in Florida

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Pakistan has nothing to complain about the Indus Waters Treaty

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Asaram Bapu convicted of rape by Gandhinagar court

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Budget to focus on rural India, capex, and manufacturing push, as well as prioritising macro stability

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Stocks of financial services and information technology (IT) companies have accounted for most of the foreign portfolio investor (FPI) outflows during the first fortnight of this month

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Q3 witnessed weak volumes; valuations do not factor in risks

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Dhami was inspecting the vegetables grown in the poly house in his official residence on Sunday when he stated about the government's plan to build poly houses for farmers

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Automaker raises share to over 16% with 9,153 registrations in January

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Indians carrying tricolour attacked by proKhalistan forces in Australia

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The BJP on Saturday announced the names of its 54 candidates for the February 16 Tripura Assembly polls, fielding Chief Minister Manik Saha from Town Bordowali and Union minister Pratima Bhoumik from Dhanpur again. Party leaders Anil Baluni and Sambit Patra named 48 candidates at a press conference at the BJP headquarters here and another list of six more was released later. The seats included some where the party's ally and tribal outfit Indigenous People's Front of Tripura (IPFT) had contested last time. In Agartala, Chief Minister Manik Saha announced the seat-sharing deal with IPFT which has been allocated five constituencies, four less than what it got in the 2018 polls. Saha told a press conference that the BJP will contest in 55 constituencies. The IPF's power has considerably waned with the rise of TIPRA Motha - a regional party founded by former Congress leader and royal scion Pradyot Deb Barman. The BJP had reached out to the TIPRA leadership for a tie-up but the regiona

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Whereas to protect the domestic jewellery market, it has suggested that the basic customs duty on gold/silver/platinum jewellery should be increased from 20% to 25%

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dead several injured after truck crushes pedestrians in UPs Lakhimpur Kheri

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Hockey World Cup India finish ninth with win over South Africa

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TISS Mumbai students watch BBC documentary on PM Modi despite protests

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Fatigue due to overworking, anxiety of getting laid off, worry about performance, pressure to perform, and overall career concerns in a tepid job market are a few of the stress triggers prevalent now across India Inc employees that rose significantly over the last month or so, according to mental wellbeing experts.

source https://economictimes.indiatimes.com/jobs/uncertainty-layoff-fears-raise-tech-pros-stress-anxiety-levels/articleshow/97405290.cms

Asteroid 2023 BU whizzed past without incident and back out into space

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The potency of Shah Rukh Khan's fandom has been on full display this week

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BYD India has an assembling plant in Chennai

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Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1

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Union minister Ashwini Choubeys brother dies doctors suspended for negligence

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Tesla, maker of electric vehicles and solar panels said it made $3.69 billion from October through December, or an adjusted $1.19 per share

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India Cellular and Electronics Association (ICEA) has batted for rationalisation of duties on parts and components of mobile phones and sub-assemblies, saying some of the smaller tariffs should be done away with, while all inputs duties on 'mechanics' should be removed immediately. The industry body has also suggested that the government should ease the Basic Customs Duty (BCD) on high-end phones. The 20 per cent customs duty on high-end phones should be continued only with a maximum BCD pegged at Rs 4,000 per device, the association has said in its Budget wishlist. Finance Minister Nirmala Sitharaman will be presenting the Union Budget 2023-24 on February 1. ICEA contended that tariffs on inputs and components are a barrier to increasing localisation. It has said that some of the smaller tariffs should be done away with, to support local businesses and bring ease of doing business. In this regard, ICEA suggested that the tariff of 2.75 per cent (including social welfare surcharge

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Hive ransomware was seized after a joint US-German law enforcement crackdown that thwarted $130 million in demands for payment from more than 1,500 victims around the world

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The hospitality sector needs to be accorded infrastructure status by the Centre to help it avail long-term funds under the RBI infrastructure lending norm criteria, according to Federation of Hotel & Restaurant Associations of India. In its pre-Budget demand, the Federation of Hotel & Restaurant Associations of India (FHRAI) said although industry status has been accorded to tourism and hospitality by many state governments, the incentives and privileges associated with an industry have not been conferred to the sector. "The industry needs infrastructure status to be accorded by Government of India to enable the hospitality sector avail long-term funds under the RBI Infrastructure lending norm criteria," FHRAI Secretary General Jaison Chacko said in a statement. This will enhance quality accommodation supply and therefore, stimulate higher global and domestic travel demand, he added. Chacko further said tourism and hospitality should be placed on the concurrent list of the ...

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Debt-ridden Vodafone Idea's board will meet on Tuesday to discuss a proposal to issue Rs 1,600 crore debentures to mobile tower vendor ATC Telecom Infrastructure. Vodafone Idea (VIL) and ATC had agreed to extend the last date to issue optionally convertible debentures (OCD) till February 28 after the shareholder's approval to issue the debentures lapsed in December. "We wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 31st January 2023, in relation to the said preferential issue of OCDs to ATC and to convene the Extraordinary General Meeting of the Company to seek approval of the shareholders in this regard," VIL said in a regulatory filing. The shareholders' nod to issue OCD within 15 days of approval of the proposal had lapsed in the absence of any response from the government on the conversion of interest dues into equity. On November 21, shareholders of debt-ridden Vodafone Idea (VIL) approved issuing OCDs worth Rs .

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MP minister who wanted to ban Pathaan says no point in protesting now

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"Twitter does not have the capability to log which, if any, engineers use or abuse GodMode"

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As per the provisional payroll data released by the ministry of statistics and programme implementation , net new subscriber addition under EPFO was 25.6% higher at 1.62 million in November against 1.29 million in October.

source https://economictimes.indiatimes.com/jobs/formal-jobs-rise-in-november/articleshow/97329652.cms

The decision is seen as a potential game changer for Ukraine

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Centre Vs Collegium How judges are appointed in India US UK and elsewhere

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The Federation of Indian Pilots wrote to Union Civil Aviation Minister Jyotiraditya Scindia seeking his intervention to revoke the suspension of licence of the pilot-in-command of the Air India flight

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Ticket downgraded involuntarily Airlines will now have to refund up to cost

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The debt portion was provided by Maanaveeya Development and Finance, Oxyzo, Northern Arc group, HDFC Bank and Axis Bank

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Catching them early will not only help groom female talent and build a future pipeline, but also give the companies access to a larger, fresh pool of candidates to bring in out-of-the-box thinking and promote a more inclusive and innovative workplace culture, say industry executives.

source https://economictimes.indiatimes.com/jobs/companies-step-up-campus-hiring-of-women/articleshow/97289744.cms

A sharp reduction in states' deficit augurs well for the Centre's fiscal planning

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Diageo-controlled liquor maker United Spirits on Tuesday said its consolidated net profit declined by 27 per cent to Rs 214 crore in the third quarter ended December 31, 2022. The company had reported a net profit of Rs 295 crore in the October-December quarter of last fiscal. Total income declined to Rs 6,631 crore for the period under review as against Rs 8,917 crore in the year-ago period, United Spirits said in a regulatory filing. For the nine months ended December 31, 2022, the Bengaluru-based company reported a net profit of Rs 1,023 crore as compared with Rs 632 crore in the year-ago period. Total income declined to Rs 22,079 crore as against Rs 23,306 crore in the April-December period of last financial year, it said. "We delivered a good quarter in an extremely volatile environment, carefully navigating through the route to market changes and input commodity cost inflation," United Spirits Managing Director & CEO Hina Nagarajan said. This is the first quarter post the .

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Unnecessary Jurist Fali Nariman on law ministers people are watching judges remark

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The company is revamping its talent strategy to meet the extensive product and business roadmap with an overall plan to hire 500 employees in the next three years, it added.

source https://economictimes.indiatimes.com/jobs/tally-solutions-to-hire-500-employees-in-3-years/articleshow/97288221.cms

If this sovereign auction is over-subscribed and the cutoff yield materially lower than regular government bonds, it would encourage larger green issuance next year

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Cabin crew body, All India's Cabin Crew Association (AICCA), on Monday demanded that the airline should roll back derostering of the crew that operated the New York- Delhi flight where a male passenger allegedly urinated on a female co-passenger last November. Earlier this month, Air India issued show cause notices to the Pilot-in-Command and four crew members of the flight and derostered them pending investigation. For various violations related to the urination incident onboard the flight on November 26, 2022, aviation regulator DGCA has imposed a financial penalty of Rs 30 lakh on Air India, Rs 3 lakh fine on the airline's director of inflight services and also suspended the pilot-in-command's licence for three months. Against this backdrop, the All India Cabin Crew Association (AICCA) has demanded that the crew concerned should be rostered for duty again. "The AICCA has perused the DGCA press note on the Al-102 (26/11/22) and noted with deep regret the unusually harsh punishmen

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The airline is alleged to have violated the norms pertaining to Pilot Proficiency Check and Instrument Rating tests (PPC/IR) and could face a financial penalty of up to Rs 1 crore

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The Kyiv government wants the German-made Leopard 2 tank to break through Russian lines and recapture territory this year

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Still dont know much about Shah Rukh Khan barely watch films Assam CM

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Prime Minister Narendra Modi on Monday virtually unveiled the model of a proposed memorial dedicated to Netaji Subhas Chandra Bose, to be set up in Andaman and Nicobar Islands, and said it will infuse feelings of patriotism among people. Modi, on the occasion of Netaji's 126th birth anniversary, also named 21 islands of the Union Territory after Param Vir Chakra awardees. He noted that the islands will be a source of inspiration for generations to come. The PM also said that attempts were made to downplay Netaji's contribution to the freedom movement, but the entire country, right from Delhi and Bengal to Andaman and Nicobar Islands, is paying tribute to the great hero today, preserving history and heritage associated with him. He also pointed out that demands to make Netaji's files public were made by many for long, and his government has done that. Netaji will be remembered for his fierce resistance to colonial rule, he stated. "Today, it is a proud moment for me as I address t

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Bankers see excess demand in Rs 6,000-cr anchor book

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Law Minister Kiren Rijiju has slammed the controversial BBC documentary on Prime Minister Narendra Modi and the 2002 Gujarat riots, saying India's image cannot be disgraced with "malicious campaigns". In a series of tweets in English and Hindi on Saturday and Sunday, he said minorities, or for that matter, every community in India is moving ahead positively. "India's image cannot be disgraced by malicious campaigns launched inside or outside India," he said, adding that Prime Minister Modi's voice is the voice of 1.4 billion Indians. "Some people in India have still not gotten over the colonial hangover. They consider BBC above the Supreme Court of India and lower the country's dignity and image to any extent to please their moral masters," Rijiju. He said much cannot be expected from members of the "tukde-tukde gang who seek to weaken the might of India.

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Pakistan spent USD 1.2 billion (Rs 259 billion) on the import of transportation items, including luxury cars, high-end electric vehicles, and their parts, during the last six months amidst sinking reserves and fear of default, according to a media report. The country is in the middle of a financial crunch with the foreign exchange reserves depleting to as low as USD 4 billion, forcing the central bank to slow down the import of even essential items. The News reported that despite the overall reduction in imports of transportation vehicles and other items compared with last year, the economy was still burdened with heavy outflows for buying expensive luxury vehicles and useless items. During these six months, the country imported completely built units (CBU), completely knocked down/semi knocked down (CKD/SKD) of USD 530.5 million equivalent to Rs 118.2 billion. Since CKD kits are not allowed to be imported, yet millions of dollars of these kits are being imported, harming the local

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The book starts with love stories that introduce us to some of the men and explain why they're so desperate for work

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CJI Chandrachuds pitch for making SC judgments available in regional languages laudatory PM Modi

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Microsoft, Amazon, Google and Goldman Sachs have operations in India and also are regular recruiters at top Indian campuses including IITs. This year, both Microsoft and Amazon are hiring fewer numbers from the campuses, according to multiple placement sources.

source https://economictimes.indiatimes.com/jobs/campus-blues-mass-layoffs-put-iitians-on-edge/articleshow/97216183.cms

Tech’s generational divide is representative of a broader phenomenon. The year someone is born has a big influence on views about work and money. Early personal experiences strongly determine a person’s appetite for financial risk, according to a 2011 study by economists Ulrike Malmendier of the University of California, Berkeley and Stefan Nagel of the University of Chicago.

source https://economictimes.indiatimes.com/jobs/tech-layoffs-shock-young-workers-but-not-older-ones/articleshow/97208925.cms

The Delhi-ruling AAP said on Saturday that Lt Governor (L-G) V.K. Saxena is making mockery of democracy by refusing to meet Chief Minister Arvind Kejriwal and the elected MLAs

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Kerala Chief Minister Pinarayi Vijayan on Saturday urged the Union government to set up an All India Institute of Medical Sciences (AIIMS) in the southern state without further delay.

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The ministry said it has also directed the WFI to suspend "all ongoing activities with immediate effect", including the Ranking Tournament in Gonda, UP, Sharan's stronghold

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signatories raise strong objection to BBS docuseries on PM Modi Rtd judges veterans included

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

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WFI controversy Wrestlers to stop protests Brij Bhushan to step aside till probe is completed

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Refer to area as constantly changing, inquires about patrol work

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Wipro's attrition rate declined to 21.2 percent on a year-on-year basis in Q3FY23

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Heres how the new Parliament will look from inside See pics

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Sexual harassment prevention laws in place but glaring lack of implementation say lawyers

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

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Sports Minister Anurag Thakur holds fruitful hour meeting with protesting wrestlers

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The company said on Thursday it expects to report fourth-quarter revenue and adjusted EBITDA above its earlier expectations

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Four major domestic and foreign companies have come forward for the production, officials said

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In line with other states, inflation remains a worry in Tripura and Nagaland, though Meghalaya has controlled it a bit more efficiently

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Salman Khan turns dapper dude at AnantRadhikas engagement bash arrives with niece Alizeh

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per cent people in Joshimath living normal life says Uttarakhand CM Dhami

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Australian Open Day Live Updates Djokovic Garcia Murray set for Round

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He said Ukraine needs military as well as financial support to win this war and recover from the crisis

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"A company like ours can help the Indian government in replicating its digital public goods in other emerging economies"

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Sports Ministry seeks explanation from WFI after wrestlers protest against Brij Bhushan

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Hotel in Ernakulam shut down after customers get admitted for food poisoning

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Maharashtra has entered a $2.5 billion partnership with Taiwan's Gogoro Inc and a local automotive systems supplier to build electric vehicle (EV) battery-swapping and charging stations in the state

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Both funds will focus on early-stage start-ups

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It also reported a pre-tax loss of $778 million in its platform solutions unit

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The meeting with managing director and CEOs of public sector banks is scheduled to be held on January 19 and largely for reviewing the schemes to promote financial inclusion

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Greta Thunberg detained while protesting in Germany

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DarwinBox will be the first HR tech SaaS based platform from Asia with whom Microsoft will also collaborate and see integration between Darwinbox and the Microsoft's product ecosystem

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Baby teen mom among killed in shooting at California home

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Higher rates lifted returns on bonds, making non-yielding gold less desirable for financial investors, pushed the dollar to its strongest in 20 yrs, making dollar-priced gold costlier for many buyers

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CEOs globally 'most pessimistic' on growth in 12 years, says PwC survey

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Rats invade Odishas Puri Jagannath temple nibble away attires of gods

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Kerala shows the way Menstrual leave for students to be extended to all state universities

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Romanian authorities probing human trafficking case against Andrew Tate seize million

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The net folio addition also declined 19 per cent, compared with the previous year, reveals data from the Association of Mutual Funds in India

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Bull knocks man to ground during a race over fire in Karnatakas Mandya

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Pet dog owners will soon need to pay tax for security cleanliness in MPs Sagar

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He said the spirit and bravery of the soldiers has not only enhanced India's respect around the world but also increased faith in the hearts of all Indians

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Huge cache of weapons seized from terrorist hideout in JKs Poonch

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The Ukraine energy minister said the next few days 'will be difficult'

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At least one killed in suicide car bombing targeting troops in central Somalia

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Some Amazon.com Inc. employees are publicly posting that they are #OpenToWork on LinkedIn while still employed by the company

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Union Minister Subhas Sarkar on Saturday said the aim of the government is to make the country a global knowledge superpower. Sarkar, the Union Minister of State for Education, said this while addressing the 5th globalised education forum of the Indian Chamber of Commerce where he dwelt on the topic 'Revisiting the idea of Internationalisation - Global to local.' "Our mission is to make India a superpower in the educational sector as the country has formulated a multi-disciplinary education system having the internationally relevant curriculum which will help in generating employment," he said. "Today India has not only the potential to be the knowledge centre of the world with the highest number of educated youths, but it is the skill capital to take the country forward which can be accomplished by imparting education on global scale," the doctor-turned-minister said. Sarkar said the National Education Policy 2020 will attract international students to make India a global hub, giv

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Around 57.95 lakh Unique Disability identity cards have been issued across the country so far, Union Minister Virendra Kumar said Saturday while asserting that the Narendra Modi government has done unprecedented work for the welfare of disabled people. The minister for social justice and empowerment said after the implementation of the Rights to Persons with Disabilities Act, 2016, the categories for disability have been increased from seven to 21, and reservation for Divyangjan in government jobs has also been raised from three per cent to four per cent besides increasing reservation in higher education to 5 per cent. "Unique ID for Persons with Disabilities (PwDs) project is being implemented with a view of creating a national database for PwDs and issuing a Unique Disability Identity Card. So far, about 57. 95 Lakh UDID cards have been issued," he said after virtually inaugurating a camp for the distribution of free aid and appliances among the disabled in the Doda district under

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Negligence wont be tolerated says Tejashwi as doctors gets dismissed in Bihar

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Prime Minister Narendra Modi will flag off a Vande Bharat Express train connecting Secunderabad with Visakhapatnam on Sunday via video conferencing, his office said. The train will be the eighth Vande Bharat Express to be introduced by the Indian Railways and will be the first one connecting the two Telugu speaking states of Telangana and Andhra Pradesh, covering a distance of around 700 kilometre, a statement issued by the Prime Minister's Office said. Prime Minister Modi will flag off Vande Bharat Express train connecting Secunderabad with Visakhapatnam on January 15 at 10.30 am via video conferencing, it said. The train will have stoppages at Visakhapatnam, Rajahmundry and Vijayawada stations in Andhra Pradesh and at Khammam, Warangal and Secunderabad stations in Telangana. The indigenously designed Vande Bharat Express is equipped with state-of-the-art passenger amenities and will provide faster, comfortable and convenient travel experience to the rail users, the statement said

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

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Exports contracted 9.9 per cent year on year in December, extending a 8.7 per cent drop in November

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The sanctum sanctorum has been designed in such a way that the rays of the rising sun fall on the idol's forehead

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Hyderabad women die after giving birth kin protest outside hospital

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US air travel returns to normal after disruption due to computer system outage

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The past 8 years were the warmest on record globally, fueled by ever-rising greenhouse gas concentrations and accumulated heat, according to the World Meteorological Organization (WMO)

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Indian investors doing right by holding on during corrections, says Kunal Kapoor

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Disciplinary action will also be taken against the police personnel who were on duty on that night, the officials said

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Panchamasali Lingayats to stage protest outside Ktaka CMs residence over reservation

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US Japan agree to step up security cooperation amid China worries

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WHO cautions against use of Indiamade cough syrups after Uzbek kids death

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men attempt to rob female Uber driver attack her with beer bottle in Delhi

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Republicans promise to use their new power in Congress to scrutinise what they say is a concerted effort by the government to silence and punish conservatives at all levels

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New tools will require careful navigation

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SpiceJet locked people between boarding gate and aircraft at Delhi airport claims passenger

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Google has so far said the CCI decision will force it to change its long-standing business model, but its Indian Supreme Court filing for the first time quantifies the impact and details the changes

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Peru sets overnight curfew in violencehit region after killed in antigovt protests

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Prime Minister Narendra Modi will inaugurate the National Youth Festival in Karnataka's Hubbali on Thursday, an event that is being held on the National Youth Day which is celebrated on the birth anniversary of Swami Vivekanand to honour his ideals, teachings and contributions. "Prime Minister Modi will inaugurate the 26th National Youth Festival in Hubbali at around 4 pm," a statement released by the Prime Minister's Office said. The National Youth Festival is held every year to provide exposure to talented youth at the national level and galvanise them towards nation-building. It brings diverse cultures from all parts of the country on a common platform and unites the participants in the spirit of 'Ek Bharat, Shreshtha Bharat'. This year, the festival is being held in Hubballi-Dharwad in Karnataka from January 12-16, with the theme being "Viksit Yuva--Viksit Bharat". The Festival will witness Youth Summit, which will witness plenary discussions on five themes stemming from G20 a

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Investors placed most bets on mid-cap and small-cap funds; liquid ones saw most outflows

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The pace of growth was 34.3 per cent, which was lower than that of 2021 which stood at 61.8 per cent

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Did Pandavas kiss their sister UP minister on Rahul Gandhis Kaurava dig

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

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The shortage of healthcare workers globally could rise to 10 million by the end of the decade, affecting access to care, inequities and treatment of mental health, a new report said on Monday. Launched in the run-up to the World Economic Forum (WEF) Annual Meeting 2023 in the Swiss ski resort town of Davos, the report said the rise in healthcare spending has fast-tracked progress in telehealth, vaccines and precision medicine, but businesses and policy-makers must tackle worker burnout and boost access to health. It also cited a case study from India, the Ayushman Bharat Digital Mission (ABDM), launched by the Union Ministry of Family and Health Welfare, to enable the world's largest digital health landscape. "Given ABDM is envisioned to digitise the entire healthcare environment in the country, its success relies on its adoption by all players. "Thus far, the adoption of ABDM has been a key challenge, which has been limited and staggered mainly due to data interoperability, ...

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Companies in India are already investing $65 billion-$100 billion to cut carbon emission from existing and new capacities

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For artisans, Mitra said, out of 48,153 applications, 29,656 were rejected in the same six-month period, a rejection rate of 62 percent

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

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Investors are hoping that the quarterly earnings of companies will bring some cheer to markets which had a choppy first week in 2023

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The Chamber of Trade and Industry (CTI) has written to the Commission for Air Quality Management (CAQM), saying repeated implementation of curbs under Stage III of the Graded Response Action Plan has delayed projects and affected labourers. The Centre's air quality panel had invoked restrictions under Stage III of GRAP including a ban on private construction and demolition work on December 30 in view of a spike in air pollution. The commission revoked the curbs on Wednesday but reimposed them on Friday due to frequently changing air quality scenario. On Sunday, the CTI wrote to the panel that traders associated with under-construction projects are very upset due to repeated implementation of curbs under Stage III of GRAP and the work is getting delayed. Besides, the livelihood of the labourers has also been affected, CTI Chairman Brijesh Goyal and president Subhash Khandelwal said. They urged the CAQM to give relaxations to private construction works under Stage III of GRAP.

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From the Arctic to Africa to the Amazon, perseverance, economic pragmatism and resourcefulness bind the lives of Chinese immigrant restaurateurs all over the world and inspire their disparate menus

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Say expectations of easing inflation levels, good rabi output will be supportive of domestic demand

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labourers killed one injured in lift collapse at Delhi gutka factory

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