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'Not a given' UK inflation will slow this year, Rishi Sunak says

UK Prime Minister Rishi Sunak said it's \"not a given\" that inflation will slow this year and stressed the need for continued wage restraint in ongoing negotiations with striking sectors including the National Health Service and railways.

Optimism makes comeback on Wall St with soft landing eyed

There wasn't much sunshine in the stack of Wall Street forecasts that predicted 2023 would bring a global economic contraction and rough going for risk assets.

IT earnings, macro data to drive markets this week, say analysts

Trend in the equity market will be guided by a host of factors lined up this week, including inflation numbers, IIP data and quarterly earnings from IT majors, analysts said.

Apple starts hiring retail store staff in India

Apple Inc. has begun hiring retail store workers in India and has plans to fill other roles as the technology company prepares to open stores in the country, according to a report by the Financial Times.

Purplle looks to turn profitable in two years

Online beauty products retailer Purplle, run by Manash Lifestyle Pvt. Ltd, is aiming to become profitable in the next two years by scaling up its omnichannel platform and strengthening its range of private labels.

Food regulator finds dietary supplements unsafe, substandard

Nearly 15% of protein powders, dietary supplements used by athletes and bodybuilders, sold in India were found to be unsafe for consumption or substandard, a survey by the Food Safety Standard Authority of India (FSSAI) found.

RCap lenders plan round 2 of auction

Committee of lenders to vote on proposal for new auction round today

Adani among potential bidders eyeing a stake in PTC India

A stake for sale in state-backed electricity trader PTC India Ltd. is attracting initial interest from potential suitors including Asia's richest man Gautam Adani, according to people familiar with the development.

Talks on with South Asian countries for trade in rupee: RBI

RBI Governor Shaktikanta Das on Friday said the government and the central bank are in discussion with South Asian countries to have cross-border trade in rupee.

Airlines must curb unruly behaviour in skies: DGCA

Captain responsible for flight operation, discipline; FIR mandatory in unruly incidents

Putin's truce order is uncertain amid mutual mistrust

The impact President of Russian Vladimir Putin's order for his forces in Ukraine to observe a unilateral, 36-hour cease-fire was in doubt Friday after Kyiv officials dismissed the move as a ploy but didn't clarify whether Ukrainian troops would follow suit.

US hiring solid while wages cool; Fed may ease on hikes

Nonfarm payrolls increased 223,000 in December, capping a near-record year for job growth

PELE, MARADONA AND THE MYSTIQUE OF NO.10

Pelé made the No.10 jersey legendary Maradona made it iconic. But No.10 is also a story of how football changed

Tesla slips below Meta as worries about demand intensify

Tesla Inc. shares kicked off the new year on an ominous note, buckling this week under renewed concerns about weakening demand for its electric cars, and sending its market value briefly below Facebook parent Meta Platforms Inc.'s for the first time in over a year.

Paytm bank gets RBI nod for Chawla as new CEO

Paytm Payments Bank has secured the Reserve Bank of India's approval for the appointment of Surinder Chawla as its new chief executive, two people aware of the development said.

Jewellery exports lose sheen as recession looms in West

A double-digit fall in demand for gems and jewellery, a key Indian luxury export, amid recessionary conditions in the West is worrying manufacturers in an industry that employs over 5 million workers.

Torrent offers entire ₹8,640 cr bid amount as upfront cash in new twist

Torrent Investments has offered lenders of Reliance Capital Ltd the entire bid amount of ₹8,640 crore upfront after financial advisers differed over the net present value of the bankrupt company's assets, a person familiar with the development said.

Pricey Apple iPhones gain marketshare in cost-conscious India

Apple Inc. is poised to become one of India's top smartphone sellers for the first time, led by strong sales of its pricey iPhone 13 model in a declining smartphone market.

Govt expects FY23 GDP growth at 7%

Nominal GDP growth this fiscal may slow to 15.4% from 19.5% a year ago

Crypto shouldn't be dismissed as an unsafe investment option

Digital tokens could yet emerge from a horrible year as safer bets

Green hydrogen has got a spark that it deserves

Innovation to reduce its cost of production could see India lead this emerging field of clean energy, which would help not just decarbonize our economy but also enlarge our policy space

US Job growth to slow down after near-record year

After US employment bounced back to its pre-pandemic level in 2022, the trajectory entering this year suggests payroll growth will level out or reverse course altogether.

Europe set for warmest Jan in years as gas crisis eases

Europe is set for the warmest January in years, easing an energy crunch that has hammered the region for months.

Putin orders 36-hour Ukraine ceasefire for Orthodox Xmas

Russian President Vladimir Putin on Thursday ordered a 36-hour ceasefire in Ukraine to run during Orthodox Christmas, a move that war-battered Kyiv swiftly branded as \"hypocrisy\".

Tech cos' job cut spree continues in 2023

Layoffs that began in 2022 are accelerating across some tech companies. In November, the sector announced 52,771 cuts, for a total of 80,978 this year

Scooter sales surge even as motorcycles struggle

Overall two-wheeler volumes contracted 11% from the year earlier in December

Sebi allows govt stake in IDBI to be reclassified as public post sale

India's market regulator has allowed the government's shareholding in IDBI Bank to be reclassified as \"public\" after its stake sale on condition that its voting rights do not exceed 15%, the lender said Thursday.

Airlines yet to exit turbulence

The Indian aviation sector did not see much disruptions to demand in CY22, in spite of fare hikes. Yield, a measure of pricing, was healthy, implying the market absorbed the higher air fares.

11 Omicron sub-variants detected from 124 international travellers

Eleven Omicron sub-variants of covid-19 virus have been sequenced in India from 124 international travellers who tested covid positive during the screening at the international ports including sea and airports, said a top health ministry official on Thursday.

Inspiring to see govt's deep focus: Nadella

Microsoft chairman and CEO Satya Nadella on Thursday commended the government for what he called its \"deep focus on sustainable and inclusive economic growth\".