Business Standard - July 22, 2022

In this issue

July 22, 2022

Droupadi Murmu elected President

Gets more than 70% of the votes cast; first tribal woman to occupy the highest office

3 mins

ED quizzes Sonia for 2 hrs in National Herald case

Cong chief summoned again on July 25; party stages protests across country

2 mins

EU heaves sigh of relief as Russia restarts gas supply

MOSCOW WANTS MORE UKRAINE TERRITORY: RUSSIA FOREIGN MINISTER | RUSSIA SAYS UKRAINIAN DRONE STRUCK NUCLEAR PLANT BUT CAUSED NO DAMAGE

2 mins

Tesla ends streak of record profits, sells most Bitcoin

Tesla on Wednesday reported a smaller-than-expected drop in quarterly profit, helped by a string of price increases for its cars, which Elon Musk later said were "embarrassingly high" and could hurt demand.

1 min

China fines Didi $1.2 bn for illegally collecting users' data

China fined Didi Global more yuan than 8 billion ($1.2 billion), wrapping up a year-long probe into the ride-hailing giant that's come to symbolise Beijing's bruising campaign to rein in its powerful internet industry.

1 min

At 50 basis points, ECB's rate hike higher than expected

Euro zone central bank's first rate hike in 11 years confirms that concerns about runaway inflation now trump growth considerations

2 mins

Expedition 2024: Analysts see Sensex scaling Mt 85K, Nifty 25K

Current market volatility and intermittent corrections notwithstanding, technical analysts see the Sensex hit 85,000 levels and the Nifty50 25,000 in 2024. This translates into an upside of nearly 53 per cent and 51 per cent, respectively, for these indices (from the current levels).

2 mins

THE SURPRISINGLY LOW NUMBER OF EMPLOYED WOMEN GRADUATES

The share of those without work is larger among women than men, and the disparity is telling in some states

2 mins

UPI rides out the first wave of expansion

Payment failures rose only marginally after RBI implemented its mandate on recurring payments, suggesting that the system should be able to handle the transition to tokenisation too

2 mins

New hurdles in Facebook's India growth

On February 2, when Meta Platforms reported Facebook's first-ever quarterly drop in daily users, its finance chiefidentified higher mobile data costs as a unique obstacle slowing growth in India, its biggest market.

1 min

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