INDIA
Why, nearly a century later, does India need a new Parliament building?
The new building is to be equipped with all modern audio visual communication facilities and data network systems.
BUSINESS
The Bay of Bengal Economy | Will India, Bangladesh and Japan change the South Asian trade story?
While India’s Northeast is key to Japan’s Indo-Pacific plan, Bangladesh is key to India’s Northeast. So, the partnership with Bangladesh is inevitable to the Indo-Japan partnership.
BUSINESS
Gold gets more lustrous: What’s making the yellow metal shine and the way forward
Gold prices have hit a lifetime high in India, Australia, and the UK, while they’re at an 11-month high in the US. The crises at SVB, Signature Bank, and Credit Suisse are making investors turn to gold as a safe-haven asset.
INDIA
India, US deepen ties with launch of Strategic Trade Dialogue
The Dialogue will address export controls and ways of enhancing high-tech commerce and facilitating technology transfer between the two countries.
BUSINESS
Tesla shares take a breather but stare at record annual slump on Wall Street
One of the great winners of the pandemic, having surged more than 740% in 2020 on the back of booming demand and rock-bottom interest rates, Tesla has declined to about 65% this year and wiping out over $670 billion in market value
BUSINESS
Deeptech startup DroneAcharya has big plans post BSE and NSE listing
DroneAcharya AI is one of the first private players to receive a DGCA-certified Remote Pilot Training Organization licence in 2022. Since March, the company has trained more than 180 drone pilots.
BUSINESS
US import alert for Sun Pharma’s Halol plant could lead to sales loss: Nomura, Credit Suisse
Sun Pharma disclosed that supplies to the US from the Halol facility contributed to 3% of consolidated revenues in FY22, which translates into $150-160 million in sales, or approximately 30% of US (ex-Taro) generic sales.
INDIA
AIIMS cyberattack exposes the vulnerability of Indian healthcare
The number of cyberattacks on the Indian healthcare industry was the second highest globally in the segment, with campaigns launched by hackers from Russia, North Korea, and Iran, among others.
BUSINESS
5G can boost up to 2% of India’s GDP by 2030, amounting to $180 billion: Nasscom
Globally, 5G mobile subscriptions are expected to grow at a CAGR of over 50 percent and are likely to enable a $1.5 trillion revenue potential by 2030.
BUSINESS
Retail deposit growth to drive revenue, re-rating for Indian banks: Sumeet Kariwala of Morgan Stanley
When banks come out of events like a recession or a slowdown, re-rating is based on asset quality level and revenue growth, Kariwala said.
INDIA
Gender wealth gap widest in India among APAC countries, shows study
The gender wealth gap across 12 markets is between 64 per cent in India (worst performer in the region) and 90 per cent in South Korea (best performer in the region).
BUSINESS
Regulator may lag but will eventually detect market misconduct: SEBI chief Madhabi Puri Buch
Madhabi Puri Buch hailed the power of technology, data analysis, and algorithms in combating the misconducts of the markets. She also hinted that the regulator will eventually crack the misconduct and the doer now that it has a stronger inbuilt mechanism.
BUSINESS
India needs more capital, not just investors, to boost the economy: Samir Arora
A surge in the number of investors gives more depth to the market, but it "doesn't necessarily increase the returns that an investor might expect", Arora said.
BUSINESS
Mental health must become global priority, needs more awareness and right approach
The use of social media as a platform to share experiences, knowledge and concepts has helped generate greater awareness and discussion about mental health.
WORLD
Will the new BRICS basket ‘de-dollarise’ the global financial system?
The currency market is seeing turbulent times, especially in the backdrop of the Russia-Ukraine war and tighter fiscal actions by the US Fed. Hence, the BRICS’ launch of a new global reserve currency is seen as a move to reduce the dependence on the dollar and the euro.
