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Here are the highlights of the major news events on December 21, 2022.
The live blog session has concluded. For more news, views and updates, stay tuned with Moneycontrol.com.
The head of the World Health Organisation said the agency is "very concerned" about rising reports of severe coronavirus disease across China after the country largely abandoned its 'zero COVID' policy, warning that its lagging vaccination rate could result in large numbers of vulnerable people getting infected.
At a press briefing on Wednesday, WHO Director-General Tedros Adhanom Ghebreyesus said the UN agency needs more information on COVID-19 severity in China, particularly regarding hospital and intensive care unit admissions, "in order to make a comprehensive risk assessment of the situation on the ground." (AP)
The Border Security Force has stepped up vigil near the India-Pakistan border in Punjab amid increasing attempts by smugglers to push narcotics and weapons through drones under the cover of dense fog, an official said.
Drone movements from across the border to push weapons and heroin into Indian territory have gone up considerably in the past few days in the wake of dense fog enveloping the region.
"We have increased patrolling and 'nakas' (checkpoints) and BSF (Border Security Force) personnel are alert to thwart any bid by smugglers," said a senior agency official. (PTI)
The Biden administration is set to announce new export controls on Wednesday targeting Iranian drones and drone parts Russia has used in Ukraine since its invasion, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The export controls announcement would coincide with Ukrainian President Volodymyr Zelenskiy's trip to Washington and could be part of a larger sanctions package, Bloomberg said. (Reuters)
Max Ventures Investment Holdings, a promoter of financial services firm Max Financial Services, on Wednesday offloaded 58.85 lakh shares in the company for Rs 400 crore through an open market transaction.
According to the bulk deal data available with the National Stock Exchange (NSE), Max Ventures Investment Holdings sold 58,85,000 shares (1.7 per cent) of Max Financial Services.
The shares were sold at an average price of Rs 679.2 per scrip, taking the aggregate value of transaction at Rs 399.70 crore.
Following the stake sale, the shareholding of promoter have come down to 13.02 percent from 14.72 percent. (PTI)
Industrial technology firm Honeywell is bullish on the Indian market and sees growth opportunities across segments mainly infrastructure development, energy transition projects, automation etc in the country to drive growth, a top official of the company said on Wednesday.
Honeywell India President Rajesh Rege said that India looks to be a brighter spot in the global economic landscape based on GDP data that is coming from experts.
According to the Reserve Bank, the real GDP growth for 2022-23 is projected at 6.8 per cent with the third quarter at 4.4 per cent and the fourth quarter at 4.2 per cent, with risks evenly balanced. Real GDP growth is projected at 7.1 per cent for the first quarter of 2023-24. (PTI)
The tribunal passed the order while hearing a petition claiming illegal operation of a large number of brick kilns in the districts of Moradabad, Sambhal, Rampur and Amroha was causing "huge air pollution".
The Centre has decided to provide Delhi with Rs 700 cr out of a fund for construction, repair, maintenance and beautification of roads in the national capital, officials said on Wednesday. The decision was taken during a meeting between Union Minister for Road Transport & Highways Nitin Gadkari and Delhi Lt Governor V K Saxena, according to a statement issued by the Raj Niwas.
Brent crude futures were up by $1.62, or 2.03%, at $81.61 a barrel by 1440 GMT. U.S. West Texas Intermediate (WTI) crude futures gained $1.54, or 2.02%, to $77.77.
Torrent Group on Wednesday emerged as the highest bidder for debt-ridden Reliance Capital in the first phase of the auction conducted as part of its resolution process.
Ahmedabad-based Torrent Group submitted a bid of Rs 8,640 crore for acquiring the NBFC firm set up by the Anil Ambani Group, sources said.
Hinduja Group was the second highest bidder, they said, adding Oaktree did not participate in the first phase of auction.
The Cosmea Piramal consortium had already pulled out of the bidding process.
The Committee of Creditors (CoC) fixed a floor value of Rs 6,500 crore for the auction. Further, sources said, the increments in the auction process for the second and third rounds have been set at Rs 1,000 crore each. (PTI)
Migrant Kashmiri Pandit employees on Wednesday intensified their months-long protest demanding a transfer from the Valley following Lt Governor Manoj Sinha's remarks about stopping their salaries.
The protesters also said it was best for the government to sack them as they would not rejoin their services in the Valley in the absence of proper security after a Lashkar-e-Taiba affiliate published hit-lists of Kashmiri Pandit employees.
The migrant Kashmiri Pandit and Jammu-based reserved category employees left the Valley in May following the targeted killings of two colleagues. They are seeking relocation outside Kashmir.
Earlier in the day, Sinha asserted that all necessary measures had been taken to ensure the safety of minority community employees, including Kashmiri Pandits, in the Valley and sent out a "loud and clear" message to those demanding a transfer -- no salary for sitting at home. (PTI)
Reserve Bank Governor Shaktikanta Das on Wednesday warned that allowing private cryptocurrencies to grow can precipitate the next financial crisis.
Speaking at the 'BFSI Insight Summit' organised by Business Standard here, Das also said the government and the central bank have been working in a coordinated manner to tame inflation and the Centre is "equally serious" about curbing price rise. (PTI)
The Union government will keep a close watch on the Covid19 situation: Assam CM Himanta Biswa Sarma
