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Business · Palo AltoHP Inc said on Tuesday (Nov 22) it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12 per cent of its global workforce, at a time when sales of personal computers and laptops are sliding as shoppers tighten budgets.See the Story
HP to cut about 12% of jobs by end of fiscal 2025
53% Center coverage: 54 sources
Business · IndiaAmazon launched Food in India in May 2020 in parts of Bengaluru. The company later expanded the service across the city, tying up with additional restaurants. The announcement is part of company's broader restructuring in India. Earlier this week, Amazon announced it would shut down its edtech service Academy in the country next year.See the Story
Amazon to shut down food-delivery business in India
37% Center coverage: 11 sources
BusinessThe Bharatiya Janata Party released its manifesto on November 26, 2022, ahead of the Gujarat Assembly polls. The party pledged to completely implement the Gujarat Uniform Civil Code Committee’s recommendation. The manifesto also promised to create an Anti-Radicalisation Cell to identify and eliminate potential threats.See the Story
Gujarat Assembly Elections 2022: BJP manifesto promises implementation of Uniform Civil Code in state
Coverage: 7 sources
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Business · MumbaiAdani Electricity Navi Mumbai (AENM) has approached the Maharashtra Electricity Regulatory Commission (MERC) for a distribution licence. The company is aiming to get licence to distribute power in areas exclusively served by the state-owned Mahadiscom. The group, whose assets include the Adani Ports business, is also vying to distribution power to the country's largest container port JNPT.See the Story
Adani arm seeks licence to expand power distribution in Mumbai including JNPT
100% Center coverage: 1 sources
Business · IndiaIndia saw a single-day rise of 389 coronavirus infections, taking the tally to 4,46,71,219 on Saturday. Total number of deaths climbed to 5,30,608 with three fatalities, including one reconciled by Kerala. Active cases constitute 0.01% of the total infections, while the recovery rate has increased to 98.80%.See the Story
389 new Covid cases in India, active cases down to 5,395
Coverage: 2 sources
BusinessSpeaking at Daksh’s Constitutional Day Lecture, Justice Gautam Patel emphasised the importance of seeing the Constitution as a whole rather than in parts. "We need certainty in laws," he said, especially in decision-making. Justice Patel urged the audience to not be fooled by numbers presented before them.See the Story
Constitution Day: Justice Gautam Patel And Cyril Shroff On What Awaits Us In The 'Amrit Kaal'
Business · IndiaIndia and the United Arab Emirates are discussing a potential mechanism to trade in their respective local currencies.Rupee-dirham trade will help reduce transactional costs, India's ambassador to UAE says. India signed a Comprehensive Economic Partnership Agreement (CEPA) with the UAE earlier this year.See the Story
India, UAE central banks discuss rupee-dirham trade prospects -official
34% Center coverage: 6 sources
BusinessFPO proceeds will be used to fund Adani group's foray into green and digital businesses and will provide a bulk of the equity required for its expansion plans for the next three to five yearsSee the Story
Adani Enterprises to raise up to ₹20,000 cr through FPO
34% Center coverage: 3 sources
Business · IndiaThe electric SUV Defy is priced at Rs 39.5 lakh (ex-showroom) and has a range of 507 km. The car will be taking on the likes of Audi e-tron, Ola Electric's maiden e-car (available by 2024), and Mercedes Benz EQC.See the Story
Pravaig Defy electric SUV launched in India: Priced at Rs 39.50 lakh
34% Center coverage: 3 sources
BusinessSebi’s latest decision comes in the wake of the Franklin Templeton episode. Asset management companies will have to disclose the shareholding of the AMC, trustees and their close relatives in units of their mutual fund schemes. To make this effective, SEBI has amended the insider trading rules, which are effective from 24 November.See the Story
Sebi amends norms; brings mutual funds under insider trading rules
Coverage: 2 sources
Business · IndiaThe 48th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will be held on December 17. The meeting would discuss two reports of a panel of State finance ministers on levy of GST on casinos, online gaming and horse racing.Besides, a report of the officers' panel on decriminalisation of certain provisions of the tax law is likely to be taken up for discussion.See the Story
GST Council to meet virtually on December 17
100% Left coverage: 1 sources
