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Wall Street dips after Goldman profit miss, China concerns weigh
Wall Street's main indexes slipped as Goldman Sachs missed quarterly profit estimates, worsening sentiment already dented by concerns of a slowdown in China's economic growth.
Goldman Sachs Group Inc fell 3.5% after the bank reported a bigger-than-expected drop in quarterly profit, weighing the most on the Dow Jones Industrial Average.
Morgan Stanley jumped 4.4% as it beat analysts' estimates for fourth-quarter profit as its trading business got a boost from market volatility.
ITC to acquire Sproutlife Foods Pvt Ltd, engaged in making and sale of Yoga Bar
ITC has informed stock exchanges that it will acquire Sproutlife Foods Pvt Ltd, engaged in the manufacture and sale of healthy foods brand Yoga Bar in order to strengthen presence in nutrition and health food space.
ITC will buyout the company in tranches over a period of three to four years, the company said in an exchange filing. It will buy out 47.5 percnt stake in Sproutlife Foods in tranches by March 2025.
“The balance stake will be acquired, basis pre-defined valuation criteria, subject to other conditions agreed to in the binding documents,” ITC said.
Delta Corp Q3 results: Net profit rises 20.5% YoY to Rs 84.8 crore
Net profit up 20.5% at Rs 84.8 crore vs Rs 70.4 crore (YoY)
Revenue up 10.6% at Rs 273.4 crore vs Rs 247.2 crore (YoY)
EBITDA down 4.5% at Rs 102.3 crore vs Rs 107.2 crore (YoY)
Margin at 37.4% vs 43.4% (YoY)
Apple launches new Macbooks, Mac mini in rare January launch
Apple Inc haslaunched its latest MacBook Pro and new Mac mini with faster in-house made chips.
The rare announcement comes months ahead of the company's traditional spring event, when Apple launches its iMacs and accessories.
READ MORE
RVNL wins metro projects in Surat and Ahmedabad
RVNL emerges as lowest bidder for Surat Metro Rail project Phase-1 worth Rs 673.8 crore
Lowest bidder for Ahmedabad Metro Rail Project Phase-II worth Rs 384.3 crore
Morgan Stanley profit beats on strength in trading business
Morgan Stanley reported a smaller-than-expected 41% drop in fourth-quarter profit on Tuesday as the bank's trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.
Revenue from Morgan Stanley's investment banking business fell 49% to $1.25 billion in the fourth quarter, with revenue declines across the bank's advisory, equity and fixed income segments.
The investment banking business slowdown weighed on the company's net revenue, pulling it down 12% to $12.7 billion.
Coal India, trade unions awaiting govt's nod on 19% wage hike pact
Government's approval for a wage agreement recommends a 19 percent minimum guaranteed benefit to 2.38 lakh non-executive employees of the miner.
CIL and four central trade unions - BMS, HMS, AITUC and CITU had on January 3 inked a memorandum of understanding (MoU) as part of the ongoing National Coal Wage Agreement-XI.
"The wage hike recommendation is now with the Department of Public Enterprises for its approval, All India Coal Workers' Federation (AICWF) General Secretary D D Ramanandan told PTI.
Retired BSF DG Pankaj Kumar Singh appointed deputy national security adviser
Bharti Airtel launches 5G services in Jaipur, Udaipur, Kota
The company, in a statement, said it has launched '5G Plus' services in the three cities.
"We will provide 5G services at the venue hosting the Jaipur Literature Festival," Marut Dilawari, the CEO of Bharti Airtel Rajasthan, said
India Open 2023: PV Sindhu bows out after losing to Thailand's Supanida Katethong
World No. 7 Sindhu, a former champion, went down 12-21 20-22 to the world No. 30 in the women's singles match. The Indian had lost to the same player in the semifinals in the last edition.
Sindhu didn't look at her best as she struggled against the left-handed Supanida, who was precise in her returns and looked in more control in the rallies to take the opening game.
Railways invites bid for land parcel near Bagdogra station in West Bengal
The proposed land parcel will be leased out for 99 years and the reserve price of the land is Rs 73 crore, an RLDA official said in a statement.
At a recent pre-bid, meeting many local and national level developers expressed interest. The deadline for submitting e-bids is February 14, 2023.
Nepal finds all but one missing person following one of the deadliest plane crash
Rescuers used drones and abseiled down a deep gorge looking for the last missing person from Nepal's worst air disaster in 30 years, in which at least 71 people died including small children.
The search was called off after darkness descended, and will resume on Wednesday, said Tek Bahadur K.C., a top district official.
Rescue teams were struggling to identify bodies, Ajay K.C, a police official in Pokhara who is part of the rescue efforts, told Reuters.
Rescuers had collected what appeared to be human remains and sent them for a DNA test, he said, but search efforts would continue until all 72 passengers and crew were accounted for. (Reuters)
PM Modi at BJP meet
During BJP national executive meeting, PM Modi said that under the resolution of 'Ek Bharat Shresth Bharat', all states should cooperate with each other & be accommodative of each others' language and culture.
Kanjhawala accident: Murder charges slapped against 6 accused
The Delhi Police has slapped murder charges against six people accused in the Kanjhawala accident in which a woman was killed after being dragged by a car, officials said.
Six of the seven accused in the case were initially charged under section 304 (Culpable homicide not amounting to murder), they said.
A murder charge may attract death penalty or imprisonment for life and fine.
Tata Metaliks Q3 results: Net profit declines 73%, revenue up 15%
Net profit down 73.4% at Rs 9.5 crore Vs Rs 35.6 crore (YoY)
Revenue up 14.6% at Rs 790.2 crore Vs Rs 689.9 crore (YoY)
EBITDA down 42.9% at Rs 38.7 crore Vs Rs 67.8 crore (YoY)
EBITDA margin at 4.9% Vs 9.8% (YoY)
PM Modi to inaugurate Mumbai Metro Rail Lines 2A & 7, built at the cost of around Rs 12,600 crore
The 18.6 km long Metro line 2A connects Dahisar E and DN Nagar (yellow line) and the 16.5 km long metro line 7 connects Andheri East and Dahisar E (red line).
Coal Ministry issues allocation orders to 3 coalmines
48 orders issued so far under commercial mining
Coal Ministry: Mines are expected to generate annual revenue of Rs 408 crore, attract capital investment of Rs 550 crore
CBI registers FIR into the collapse of Chintels Paradiso apartment building in Haryana's Gurugram last year
The CBI has filed an FIR against Ashok Saloman of the Chintels Group and took over the investigation into the partial collapse of the Chintels Paradiso apartment complex in Gurugram last year in which two women were killed, officials said.
The Haryana government had transferred the case to the CBI on July 18, 2022, which was forwarded to the CBI by the Centre on December 29 last year, they said.
According to the procedure, the CBI took over the investigation in the FIR registered by the Haryana Police.
'I am here to build the business, not exit it', says Byju Raveendran at Davos 2023
Byju Raveendran, the founder of the world’s most valuable edtech startup Byju’s, stated to CNBC-TV18, "I am here to build the business, not exit it," while admitting that he is looking at hiking his stake in the company.
Speaking with CNBC-TV18 at the ongoing World Economic Forum (WEF) 2023 at Davos, Byju also mentioned, "If you think Byju's Is struggling, just wait for 6 months."
"Losses have almost halved in 2022; we are not far away from profitability at a group level," he added.
Byju’s was valued at $22 billion the last time it raised funds.
Human Rights Council urge action on coerced religious conversions, child marriage in Pakistan: UN News
Rights experts who report to the Human Rights Council urge action on coerced religious conversions, child marriage in Pakistan: United Nations News
"Pakistan authorities must adopt and enforce legislation prohibiting forced conversions and child marriages, kidnapping and trafficking, and abide by international human rights commitments to combat slavery and human trafficking and uphold rights of women and children," reports UN News citing Rights experts.
Hyderabad-based MSN Group launches generic tablet for advanced breast cancer therapy
Hyderabad-based MSN Group, on January 17, announced it has launched 'world’s first' generic Palbociclib Tablets, 75mg, 100mg and 125mg for advanced breast cancer therapy under the brand name 'PALBOREST.' The price of the tablet will start from Rs 214.29.
ICICI Lombard Gen Insurance Q3 earnings: Net profit up 11%
Here is the earnings report card for ICICI Lombard General Insurance
Net Profit up 11% at Rs 353 crore versus Rs 318 crore (YoY)
Gross direct premium income up 16.9% at Rs 5,493 crore versus Rs 4,699 crore (YoY)
Combined ratio at 104.4% versus 104.5% (YoY)
‘Bharat Jodo Yatra' will now enter Jammu from Punjab
‘Bharat Jodo’ yatra will enter Jammu from Punjab, and we will be doing all the security arrangements possible. Guidelines for the yatra will depend upon the type of road they will be travelling and the traffic: Dilbag Singh, J&K DGP
Kevin Spacey, facing multiple sexual misconduct cases, given lifetime achievement award in Italy
In a move that comes as a surprise to many, disgraced actor Kevin Spacey was honoured with a lifetime achievement award at the Italian National Film Awards ceremony in Rome. The award was presented to Spacey in recognition of his outstanding contributions to the film industry over the course of his career amid several cases of sexual misconduct against him in the US and UK.
NEP: Local campuses by foreign universities will boost higher education in India
The National Education Policy 2020 (NEP) places a lot of emphasis on reform in higher education. One of the tenants being internationalisation. Borrowing from the NEP, ‘High performing Indian universities will be encouraged to set up campuses in other countries, and similarly, selected universities e.g., those from among the top 100 universities in the world will be facilitated to operate in India’. Over the last few years and even prior to the NEP, the University Grants Commission (UGC) and theAll India Council for Technical Education(AICTE) have been working with a reform mindset and providing more and more autonomy to institutions in India. Read more.
WEF launches initiative to unlock USD 3 trillion a year for climate and nature
The Giving to Amplify Earth Action (GAEA) was introduced by the World Economic Forum on Tuesday in an effort to assist raise the $3 trillion in funding needed annually to achieve net-zero, stop the destruction of the environment, and restore biodiversity by 2050.
More than 45 partners, including HCL Technologies through its chairperson Roshni Nadar Malhotra, are supporting the global movement to fund and build new and existing public, private, and philanthropic partnerships (PPPPs).
The goal of guiding the planet towards a 1.5-degree Celsius warming trajectory is in jeopardy due to the energy and cost of living problems, according to the WEF.
Jio launches 5G services in 16 more cities across 7 states
Expanding its connectivity further, Reliance Jio launched its 5G services in 16 more cities across seven states on January 17. The cities are: Kakinada, Kurnool (Andhra Pradesh), Silchar (Assam), Davanagere, Shivamogga, Bidar, Hospet, Gadag-Betageri (Karnataka), Malappuram, Palakkad, Kottayam, Kannur (Kerala), Tiruppur (Tamil Nadu), Nizamabad, Khammam (Telangana), and Bareilly (Uttar Pradesh).
With this, Reliance Jio has become the first and the only operator to launch 5G services in majority of these cities. Jio users in these cities will be invited to the Jio Welcome Offer, to experience Unlimited Data at up to 1 Gbps+ speeds, at no additional cost, starting today, the telecom arm of Reliance Industries said in a statement.
Modi Ji will again lead the nation as the PM, says Amit Shah
I am confident that under the leadership of Modi Ji and Nadda Ji, BJP will win with an even bigger majority in 2024 and once again Modi Ji will lead the nation as the PM: BJP leader and Union minister Amit Shah
BMW X7 facelift launched in India, price starts at ₹1.22 crore
Luxury automaker BMWlaunched the X7 facelift model in India on January 17. BMW X7 facelift comes with a starting price of Rs 1.22 crore (ex-showroom) for the xDrive40i petrol model, while the diesel version starts atRs 1.25 crore.
Both variants of the luxury car come with the M Sport package as a standard option. The facelift model of the BMW X7 facelift gets an updated engine, a revised cabin, and a re-profiled front end.
Locally produced at BMW Group Plant Chennai, this bespoke model can be booked at BMW dealerships from today onwards. Deliveries will commence in March 2023.
BJP extends President J.P. Nadda's tenure till June 2024
Bharatiya Janata Party president JP Nadda’s term has been extended till June 2024. The decision has been taken at the party’s ongoing national executive committee meeting.
Abdul Rehman Makki
has occupied various leadership roles in LeT, incl raising funds for the organisation: MEA
We welcome the decision of UN Security Council's ISIL and Al Qaida Sanctions Committee to list LeT terrorist Abdul Rehman Makki, who is also brother-in-law of LeT leader Hafiz Saeed. Makki has occupied various leadership roles in LeT, including raising funds for the organisation: MEA
A meeting of the Union cabinet is scheduled to be held tomorrow, 18th January, in Delhi
Green Hydrogen Mission to help India meet net-zero targets: Experts
According to analysts, the National Green Hydrogen Mission is a "major step" in meeting the nation's net-zero goals and will assist in lowering the cost of clean energy source inputs in addition to creating thousands of job opportunities in the renewable energy sector.
The National Green Hydrogen Mission, which aspires to turn India into a worldwide industrial hub and a clean source of energy, was authorised by the Union Cabinet on January 4.
The Mission's other goal is to increase the nation's renewable energy capacity by around 125 GW by 2030, along with a production capability of at least 5 MMT (Million Metric Tonnes) annually.
Kanjhawala hit-and-drag case: Delhi court grants bail to Ashutosh Bhardwaj
A local court here on Tuesday granted bail to Ashutosh Bhardwaj, an accused in the Kanjhawala hit-and-drag case.
Additional Sessions Judge Susheel Bala Dagar on Monday reserved its order on Bhardwaj's bail."He is admitted to bail on furnishing bail bond of Rs 50,000...," the judge said on Tuesday.The judge orally observed that Bhardwaj's role started after the commission of the offence.
"Ill-informed and erroneous': Govt refutes reports claiming admission of multiple side-effects of COVID-19 vaccines
The Union health ministry, January 17, refuted media reports based on response to a Right to Information query that theICMR(Indian Council of Medical Research) andCDSCO(Central Drugs Standard Control Organization)had admitted to multiple side effects of COVID-19 vaccines.
“It is clarified that the news report is ill-informed and provides erroneous information,” said the ministry.
It added that the ICMR had simply provided a list of advantages and disadvantages of COVID-19 vaccines through reputed websites of World Health Organization (WHO), Center for Disease Control (CDC) and the ministry where compiled global evidence on various COVID-19 vaccines is available.
Hugging me not a security breach, says Rahul Gandhi amid Bharat Jodo Yatra chaos
Gandhi’ statement came after a man attempted to hug him during the Bharat Jodo Yatra in Punjab’s Hoshiarpur. on January 17, but he was pushed away by Congress workers.
“Someone coming to hug me in excitement is not a security lapse. There is a lot of enthusiasm in this Yatra and it happens. Security people had checked him,” said Rahul Gandhi.
India's COVID-19 fight a global example: Bill and Melinda Gates Foundation CEO
Mark Suzman, CEO of Bill and Melinda Gates Foundation added that it can be a model for others on how it addressed the manufacturing and distribution of vaccines at such a scale.
The Gates Foundation CEO also believes that India is in a "bright spot" as the country has accelerated its broader healthcare ecosystem.
"We were proud to be able to help work with the Indian government and with partners like the Serum Institute of India, to help manufacture some of the vaccines and to help with some of the primary health care facilities to help with distribution and in some of the states like Uttar Pradesh and Bihar where we work closely, but it really is a model both because of the direct COVID response, but also because the infrastructure that's been put in place has lots of positive effects by other forms of healthcare," Suzman told news agencyANI.
Davos 2023: Ukraine first lady headlines first big day at meeting
Ukraine’s first lady will give a rare international address as the World Economic Forum’s annual gathering at Davos,part of a push by President Volodymyr Zelenskyy and his government to acquire more foreign weapons to defend against Russia’s invasion.
Davos attendees are faced with global strife including Russia’s war in Ukraine, which has killed thousands of civilians, displaced millions, and jolted food and fuel markets worldwide, epitomising a feeling of frustration about how conflict and bloodshed are still befuddling modern society.
Team India batter Shreyas Iyer ruled out of the upcoming 3-match ODI series against New Zealand due to a back injury: BCCI
Rajat Patidar has been named as the replacement of Shreyas Iyer after he ruled out of the upcoming 3-match ODI series against New Zealand due to a back injury: BCCI
TASS: Russia's intel chief says a new meeting with CIA head is possible
Nepal plane crash: Death toll rises to 70; authorities begin to handover victims' bodies to family members
As the death toll reached 70 on Tuesday, Nepalese authorities began handing overthe bodies of those who perished when a Yeti Airlines plane carrying 72 people, five of whom were Indian citizens, crashed in a ravine in the tourist city of Pokhara.
According to sources within the Nepal Army, there are still two more people missing, and the search effort is ongoing.
On Monday night, one more body was found at the accident scene in the Pokhara Valley's Seti River Gorge, bringing the total number of verified fatalities to 70, according to the sources.
Baijayant Jay Panda speaking after the national executive meet
In the last nine years under the leadership of PM Narendra Modi, India has emerged as a strong nation. India now supports other nations.Despite COVID19 crisis, only India could stable the economy,he said.
Pakistan PM Shahbaz Sharif calls for 'serious and sincere talks' with PM Modi
“Pakistan wants peace but what is happening in Kashmir should be stopped,” says Pak PM Shahbaz Sharif.
The Pakistan leader further spoke about both the countries having engineers, doctors, and skilled labourers. "We want to utilise these assets for prosperity and to bring peace to the region so that both nations can grow," he said.
"Pakistan does not want to waste resources on bombs and ammunition. We are nuclear powers, armed to the teeth, and if God forbids, a war breaks out, who will live to tell what happened?" he added.
India in November 2022 had lashed out at Pakistanat a United Nations (UN) debate for raking up the issue of Kashmir, terming it as "desperate attempts to peddle falsehoods". Read more.
A joint company between Russia and India called Indo-Russian Rifles Private Limited, which is based and registered in India, has begun making Kalashnikov assault rifles
There is economic distress in the country and it will affect the BJP, it is abundantly clear: Rahul Gandhi
Drugs problem in Pujab is because of distress among farmers. We have to tackle both these issues in a combined way.There was an anti-incumbency against our party in Punjab and there was infighting as well among the leaders, but situations have improved. Easily we will be forming the next government in Punjab, saidRahul Gandhi.
Our party gives independence to our chief ministers. We don't pressurize them and I am sure soon Himachal government will bring policies in favour of farmers.Hinduism doesn't teach you to spread hatred, but RSS and the BJP does opposite.Attack on small and medium business units are creating unemployment in the country, he added.
2022 the fifth warmest year on record: NASA
Earth's average surface temperature in 2022 tied with 2015 as the fifth warmest on record, according to an analysis by (NASA).
According to researchers from NASA's Goddard Institute for Space Studies (GISS) in New York, worldwide temperatures in 2022 were 1.6 degrees Fahrenheit (0.89 degrees Celsius) higher than the average for the baseline period 1951–1980, continuing the planet's long-term warming trend.
"This warming trend is alarming," said NASA Administrator Bill Nelson.
Rahul Gandhi on Varun Gandhi’s philosophy
Varun Gandhi is part of the BJP and if he walks with me in Bharat Jodo Yatra, it will create troubles for him. Ideologically, we both are poles apart. Varun adopted the ideology of RSS and I don't accept that. I may meet him, hug him, but no compromise on ideology. Years back he told me RSS is doing better for India, but I told him he has forgotten the ideology of his family: Rahul Gandhi
Godi Media is not my phrase, but I do say media is being controlled: Rahul Gandhi
Farmers are being continuously targeted by the ruling government. Even we were not successful to do enough for them. We will do better for them wherever we get into power. Our vision is agriculture centric, saysRahul Gandhi.
Godi Media is not my phrase, but I do say media is being controlled. Reporters have many constraints and I understand that. Congress' believes in independent philosophy. We want independent and fair media.Media should raise issues of unemployment, inflation, hatred,but we don't get to see debates on such key issues,he added.
People join the BJP because of pressure from CBI, ED: Rahul Gandhi
Ahead of 2024 Lok Sabha polls, BJP will divide the people and spread hatred, but we will continue to open the shops of love and compassion, says Rahul Gandhi.
Person who came to hug me was not a security lapse, he added.
