Page 2505 - BS Premium
Will PM Modi's 'one million job' drive help ease the employment crisis?
PM Modi announced to recruit 10 lakh people in Central govt in the next 18 months. The govt also announced a radical recruitment plan for armed forces. Will these solve India's unemployment problem?
 "Will PM Modi's 'one million job' drive help ease the employment crisis?")
Rewritten schoolbooks say Hong Kong was never British colony: Report
The four sets of textbooks for a class on citizenship say the Chinese government never recognized the 19th-century treaties that handed Britain control of Hong Kong
 "Rewritten schoolbooks say Hong Kong was never British colony: Report")
Elon Musk to address Twitter employees for the first time on Thursday
Twitter CEO Parag Agrawal announced an all-hands meeting to employees in an email on Monday, saying they'd be able to submit questions in advance
 "Elon Musk to address Twitter employees for the first time on Thursday")
Russian forces cut off last routes out of Ukraine city, says report
Russian troops were "trying to gain a foothold in the central part of city", the Ukrainian military said on Tuesday in its daily roundup of the conflict in various parts of the country
 "Russian forces cut off last routes out of Ukraine city, says report")
World's richest have lost $1.4 trillion in 2022 after rapid gains
It's a stark contrast to last year, when soaring markets boosted the world's population of high-net-worth individuals by about 8%, including 13 per cent in North America
 "World's richest have lost $1.4 trillion in 2022 after rapid gains")
Needed: A PM's council for human development
Leave no one behind with sustainable growth and well-being
China's 'iPhone City' may be using Covid-19 controls on protesters
Such alleged use of health-code apps to track people beyond their intended purpose has caused a firestorm
 "China's 'iPhone City' may be using Covid-19 controls on protesters")
US producer prices rise 10.8% in May, adding to pressure on Fed
On a monthly basis, producer prices climbed 0.8 per cent in May from April when they increased 0.4 per cent
 "US producer prices rise 10.8% in May, adding to pressure on Fed")
Crypto exchange Coinbase to cut 1,100 jobs amid turmoil in crypto markets
The layoffs come a day after Bitcoin fell as much as 14% after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers
 "Crypto exchange Coinbase to cut 1,100 jobs amid turmoil in crypto markets")
OPEC keeps forecast for 2022 oil demand to exceed pre-Covid levels
OPEC leaves 2022 oil demand growth forecast at 3.36 mbpd, cuts 2022 Russian output forecast, leaves US shale steady
 "OPEC keeps forecast for 2022 oil demand to exceed pre-Covid levels")
Europe's plan to quit Russian fuel plunges Pakistan into darkness
In order to avoid blackouts during the Eid holiday last month, the Pakistan government paid nearly $100 million to procure a single LNG shipment from the spot market
 "Europe's plan to quit Russian fuel plunges Pakistan into darkness")
NBFC profitability to remain stable amid 85-105 bps in funding cost: Crisil
Rs 15 trn debt as on March 31 is due for repricing in FY23 owing to interest reset or maturity. Another Rs 3 trn of incremental debt is likely to be raised to support growth in lending
 "NBFC profitability to remain stable amid 85-105 bps in funding cost: Crisil")
Indian Hotels' Taj ranked world's strongest hotel brand by Brand Finance
The 'Hotels 50 2022' annual report by the world's leading brand valuation consultancy recognizes the most valuable and strongest hotel brands across the globe
 "Indian Hotels' Taj ranked world's strongest hotel brand by Brand Finance")
Bank does not foresee asset quality challenges, rumours baseless: RBL Bank
The bank's gross non-performing assets (NPAs) and net NPAs were 4.4% and 1.3%, respectively, at the end of the March quarter, with a provision coverage ratio of 70.4%
 "Bank does not foresee asset quality challenges, rumours baseless: RBL Bank")
Sugar mills foresee output spike, want 8 mn tonne OGL exports next season
Urge timely decision on the matter as global prices are firm , and they can sign future contracts at good prices
 "Sugar mills foresee output spike, want 8 mn tonne OGL exports next season")
Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform
Firm currently has orders for over 600 buses, is betting big on govt tenders and sees market for e-buses growing 10x in next 2-3 years
 "Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform")
Irdai eases solvency margin requirement for insurers underwriting crop biz
It is estimated that the Insurance Regulatory and Development Authority of India (Irdai)'s move to ease solvency margin will unlock nearly Rs 1400 crore.
 "Irdai eases solvency margin requirement for insurers underwriting crop biz")
LIC increases stake in Capri Global Capital, Hero MotoCorp and HUL
The acquisition of the incremental stake in Capri Global Capital Ltd happened at an average cost of Rs 624.61 and that for Hero MotoCorp Ltd happened at Rs 3,050.14
 "LIC increases stake in Capri Global Capital, Hero MotoCorp and HUL")
5 years of IBC: Debt-ridden RCom awaits court approval to allow UVARCL bid
While the RBI is now planning to allow ARCs to bid for bankrupt companies, RCom's resolution is now stuck in courts
 "5 years of IBC: Debt-ridden RCom awaits court approval to allow UVARCL bid")
Irdai working group recommends relaxing investment norms for insurers
The panel has suggested having a single limit of expenses over and above the monitoring of solvency and enterprise level expense limit
 "Irdai working group recommends relaxing investment norms for insurers")