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☆ Davos: India flexes its muscle as China's star fades
▼ + stars: | 2023-01-19 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

In 2023, as global recession fears persist, the country is expected to log the best performance of any major economy. An Invest India banner hanging from a building ahead of the World Economic Forum in Davos, Switzerland, on Monday, Jan. 16. India is also due to displace its powerful neighbor as the world’s most populous country this year. They’re a substantial asset — if India’s economy can create enough jobs. “The world needs resilience,” Tata Sons Chairman Natarajan Chandrasekaran told a Davos panel.

☆ Activists accuse India of lapses in genetically modified mustard approval
▼ + stars: | 2023-01-06 | by ( Mayank Bhardwaj | ) www.reuters.com time to read: +2 min

NEW DELHI, Jan 7 (Reuters) - Indian authorities rushed approvals for a locally developed genetically modified (GM) mustard variety by violating environmental regulations, a group of activists opposed to GM crops said on Friday. In October, India granted environmental clearance for indigenously developed GM mustard seeds, paving the way for the commercial use of its first GM food crop. The regulator has followed every guideline for approving the GM mustard crop, it said. New Delhi approved GM mustard, part of the rapeseed family, to help cut the country's expensive cooking oil imports. In 2017, Pental's team came close to getting government approval to grow GM mustard seeds commercially, following years of field trials and the analysis of crop data.

☆ Indian rupee ends 2022 as worst-performing Asian currency
▼ + stars: | 2022-12-30 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

MUMBAI, Dec 30 (Reuters) - The Indian rupee ended 2022 as the worst-performing Asian currency with a fall of 11.3%, its biggest annual decline since 2013, as the dollar rocketed on the U.S. Federal Reserve's aggressive monetary policy stance to tame inflation. Most traders and analysts expect the currency to move between a tight 81.50-83.50 range in the first quarter. Equity inflows would be a key metric to watch for the rupee for foreign investors as well, analysts said. But considering several uncertainties heading into 2023, such as tight monetary policy conditions, likely recession in some economies and an ongoing geopolitical conflict, gauging the direction of share markets had become tough, they added. If we get a selloff in Indian shares, I'll be less optimistic on the rupee," said Christopher Wong, FX strategist at OCBC Bank.

☆ India federal police arrests Videocon chairman Dhoot in loan fraud case
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, Dec 26 (Reuters) - India's federal investigating agency has arrested Videocon Group (VEDI.NS) chairman Venugopal Dhoot in connection with a loan fraud case involving ICICI Bank (ICBK.NS), a source from the Central Bureau of Investigation (CBI) told Reuters on Monday. In early 2019, the CBI filed a case of criminal conspiracy and fraud against Dhoot, former ICICI Bank Chief Executive Chanda Kochhar and her husband Deepak Kochhar. The agency alleged that ICICI Bank, under Chanda Kochhar, sanctioned 'high value' loans to Videocon, violating the bank's lending policies, in exchange for an investment by the consumer electronics company's owner in a business headed by Kochhar's husband. The CBI arrested Chanda and Deepak Kochhar on Friday. Reporting by Arpan Chaturvedi; writing by Sudipto Ganguly; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Former ICICI Bank CEO Chanda Kochhar arrested in loan fraud case -source
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +1 min

Dec 23 (Reuters) - India's federal investigating agency has arrested former ICICI Bank Ltd (ICBK.NS) Chief Executive Officer Chanda Kochhar in connection with a loan fraud case involving the bank and Videocon Group, a source from the Central Bureau of Investigation (CBI) told Reuters on Friday. Kochhar's husband, Deepak Kochhar, was also arrested as part of the case, according to the source. Kochhar was ousted as ICICI bank's CEO in 2019 following allegations of corruption. Indian enforcement authorities previously alleged that ICICI Bank, under Kochhar, sanctioned "high value" loans to Videocon Industries, violating the bank's lending policies. In exchange, Videocon's owner invested in NuPower Renewables, a company founded by Deepak Kochhar, the authorities have alleged.

☆ A weak economy will test consumers' wanderlust, but these stocks could prove resilient in 2023
▼ + stars: | 2022-12-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

The U.S. Travel Association anticipates domestic leisure travel demand will hold up, although growth may be a bit slower in 2023. The stock has an average analyst rating of buy and 47% upside to the average price target, according to FactSet. Marriott has an average analyst rating of overweight and 13.5% upside to the average analyst price target, per FactSet. Norwegian has an average analyst rating of overweight and nearly 27% upside to the average analyst price target, while Royal Caribbean has an average analyst rating of overweight and about 24% upside to its average price target. However, Carnival has an average analyst rating of hold and 24% upside to the average price target.

☆ Indian shares set for weak open on U.S. recession fears, hawkish cenbanks
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 16 (Reuters) - Indian shares are set to open lower on Friday, on recession fears in the U.S. and hawkish commentary by major central banks, following their U.S. counterpart. Adding to the woes of Indian markets could be the crude prices, which looked poised to end the week higher after projections of a demand revival. Foreign institutional investors sold 7.11 billion rupees ($85.81 million) worth of equities on a net basis on Thursday, while domestic investors bought 2.61 billion rupees of shares, as per provisional NSE data. ** Hindustan Petroleum Corporation (HPCL.NS): Co approves proposal to borrow up to 100 billion rupees in a private placement. ($1 = 82.8600 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ Wolfe Research downgrades travel stocks, says demand likely to slow as economic headwinds pick up
▼ + stars: | 2022-12-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Travel companies could be in trouble with a recessionary period could likely on the horizon, according to Wolfe Research. Analyst Deepak Mathivanan downgraded the online travel sector to market underweight from market weight, citing a potential demand decline as the economy contracts. However, we struggle to see travel demand exhibiting high levels of resiliency and growth during a slowing economy in 2023." The stock, which was down 4.4% on Wednesday, was held at peer perform. Also downgraded to underperform, he said Tripadvisor is seeing its value proposition "erode" as the travel research space grows.

☆ Elon Musk’s $50 billion trial comes to an end today
▼ + stars: | 2022-11-18 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —The trial for the Tesla shareholder lawsuit examining CEO Elon Musk’s unprecedented compensation package will wrap up this afternoon. The net value of the compensation package is $50.9 billion today, after Tesla’s valuation soared more than 1,000% at its peak since shareholders approved the package. Several corporate governance experts told CNN Business that it’s clear Tesla’s board of directors lacks independence from Musk. At the time of the 2018 compensation package, Kimbal said it was “very unlikely” that Elon would walk away from his role of CEO at Tesla. That’s just not how Elon operates,” Kimbal Musk said.

☆ Tesla’s close-knit leadership team goes under the spotlight in court
▼ + stars: | 2022-11-17 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +6 min

Tornetta accuses Tesla’s board of breaching its duties to shareholders. The pay package from Tesla’s board granted Musk large sums of shares every time Tesla hit certain milestones, including earnings and share price targets. In this sketch, former Tesla board member Antonio Gracias testifies in court. Ehrenpreis also had the rights to the first Model 3, Tesla’s breakout product, but gave it to Elon Musk as a birthday gift. Ehrenpreis is also the Tesla board member who asked consultants if hypothetically Tesla could lower the disclosed costs of Musk’s compensation plan.

☆ Elon Musk takes the stand in lawsuit over his Tesla pay
▼ + stars: | 2022-11-16 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —Tesla CEO Elon Musk is testifying this morning in a shareholder lawsuit examining the massive compensation package that helped make him the world’s richest person. Musk was awarded the compensation package in 2018, and shareholders approved the deal at the time. They’ve also contrasted Musk’s compensation with the average Tesla salary, which they’ve said is $40,000. Musk’s compensation package goals were characterized t as lofty and incredibly difficult to achieve. This is a developing story and will be updated throughout Musk’s testimony.

☆ Amazon stock tumbles after downbeat sales forecast
▼ + stars: | 2022-10-28 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

Amazon shares plunged more than 8% on Friday, a day after the company projected sales in the holiday quarter would be far below expectations. Amazon shares pared back some losses from earlier Friday morning, when the stock was off about 50% from its highs, resulting in about a $940.8 billion hit to Amazon's value. Revenue in the third quarter came in at $127.10 billion, up 15% year over year, but slightly softer than Wall Street's expected $127.46 billion. Some analysts on Friday shaved their price targets for Amazon's stock to reflect near-term concerns. WATCH: Amazon misses on revenue, stock plummets on weak fourth quarter guidance

☆ Analysts remain confident in Amazon long term as shares crater, expect 'redemption story' ahead
▼ + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Amazon 's disappointing quarterly results signaled to analysts that even the giants aren't immune to a macro slowdown. Analysts trimmed price targets and estimates to reflect a broader macro slowdown at the e-commerce giant following the results, with analysts at Deutsche Bank and Wolfe Research saying it's time to "batten down the hatches." However, most analysts remain bullish on the company's long-term trajectory, maintaining their outperform and buy ratings on the stock. That said, analysts across the board trimmed price targets and estimates to reflect the broader macro pressures. He trimmed his price target on the stock to $137 from $157 a share, suggesting 23% upside ahead for the stocks.

Oct 13 (Reuters) - Late-stage U.S. startups are scooping up talent unlocked by layoffs and hiring freezes at Big Tech, adding experienced engineers and project managers to their roster despite signs of an economic slowdown. A survey of 581 executives, almost entirely from U.S. tech startups, showed that more than 40% of them boosted their hiring plans in the first half of 2022, according to hiring firm A.Team and startup consultant MassChallenge. Companies are also shortening hiring times and offering higher pay packages to lock in candidates as they compete for talent in a tight labor market, recruiters said. Still, some analysts warn there is only so long until startups can continue the hiring pace amid a weak economic backdrop. "If the economy does indeed go into recession, it will only add to the pressure faced by tech firms as demand dries up," says Dante DeAntonio, director of economics research at Moody's Analytics.

☆ Automation may be a safe place for tech investors, says OptionsPlay's Jessica Inskip
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAutomation may be a safe place for tech investors, says OptionsPlay's Jessica InskipRitholtz's Josh Brown, OptionsPlay's Jessica Inskip and Deutsche Bank Wealth's Deepak Puri, join 'Closing Bell: Overtime' to discuss Applied Materials outlook cut and company year-end outlook.

☆ Apple Card's credit risk manager leaves for credit card startup X1
▼ + stars: | 2022-09-15 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple's manager of credit risk for the Apple Card, Abhi Pabba, has left the company. Pabba, who worked out of the Apple's Austin, Texas, office, will join the California-based credit card company X1 beginning next week as chief risk officer, according to X1 CEO Deepak Rao. Before Apple, he worked at Capital One, where he focused on credit card authorizations. The tech giant's aim with the Apple Card isn't to generate revenue from strong lending decisions but to make the iPhone more essential to its customers. Apple Card is also having issues with automated customer service disputes because of the card's fast growth.

☆ In leaked memo, Google's controversial, visionary healthcare executive Andy Conrad lays out Verily's challenges and a path toward independence: 'I have drifted away from my true passion.'
▼ + stars: | 2022-09-09 | by ( Hugh Langley | ) www.businessinsider.com time to read: +8 min

"Verily is increasingly becoming a more commercial-stage company," Conrad told employees. "I've come to realize that I have drifted away from my true passion — science," Conrad said in the memo. "So at the New Year I want to move away from running the company day to day to concentrate on projects for which I have a deep interest and can contribute in a meaningful way." Insider previously reported that Conrad had taken a step back from day-to-day responsibilities as Gillett had increasingly absorbed more leadership responsibilities. Conrad said the company would search for a new CFO "with a deep healthcare background for the next phase of our growth."

Whether you're new to entrepreneurship or a seasoned founder, managing productivity is a key task. Business owners shared their productivity tips and how they structure their days for success. Whether they're scaling a startup, battling supply chain disruptions, or finding fame on social media, eight business owners showed Insider how they structure their days for success. Daniel Snow, 28, is the founder of two multimillion-dollar enterprises: the media organization RapTV and the marketing business The Snow Agency. Now, she owns The Slay Coach, which teaches business owners how to market their own consulting programs and digital courses.

☆ Poluarea atmosferică a obligat pentru prima dată Nepalul să-şi închidă şcolile
▼ + stars: | 2021-03-30 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Nepalul a ordonat închiderea şcolilor din cauza poluării atmosferice, fiind pentru prima dată în istoria ţării din Himalaya când autorităţile decid închiderea instituţiilor de învăţământ din acest motiv, transmite agerpres.ro. "S-a decis închiderea instituţiilor de învăţământ până vineri. Din câte ştim, este prima dată când şcolile sunt închise din cauza poluării", a declarat pentru AFP Deepak Sharma, purtătorul de cuvânt al Ministerului Educaţiei. Guvernul a solicitat, de asemenea, populaţiei să rămână în case şi să evite lucrările de construcţie sau incinerarea gunoiului. Vizibilitatea redusă din cauza poluării a perturbat zborurile către aeroportul din Kathmandu, provocând întârzieri de câteva ore.Aeroportul a fost închis chiar vineri, când vizibilitatea a scăzut sub 1.000 de metri, înainte de a fi redeschis în aceeaşi zi, potrivit unui oficial al aeroportului.

Persons: Nepalul Organizations: Aeroportul Locations: Himalaya, Nepalului, Kathmandu

☆ (foto) Nepalul își închide școlile din cauza poluării atmosferice. Capitala țării se numără printre cele mai poluate orașe din lume
▼ + stars: | 2021-03-30 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

(foto) Nepalul își închide școlile din cauza poluării atmosferice. Capitala țării se numără printre cele mai poluate orașe din lumeNepalul o ordonat închiderea şcolilor din cauza poluării atmosferice, fiind pentru prima dată în istoria ţării din Himalaya când autorităţile decid închiderea instituţiilor de învăţământ din acest motiv. Capitala Nepalului, Kathmandu, învăluită într-un nor gros de particule, este în prezent clasată printre cele mai poluate oraşe din lume, indicele calităţii aerului atingând valori de peste 300 la sfârşitul săptămânii trecute. Din câte ştim, este prima dată când şcolile sunt închise din cauza poluării”, a declarat pentru AFP Deepak Sharma, purtătorul de cuvânt al Ministerului Educaţiei, potrivit AGERPRES. Guvernul a solicitat, de asemenea, populaţiei să rămână în case şi să evite lucrările de construcţie sau incinerarea gunoiului.

Organizations: AGERPRES, Aeroportul Locations: Himalaya, Nepalului, Kathmandu

☆ Trei medalii pentru Moldova la Cupa Mondială de sambo de la Moscova. Cine sunt sportivii care au venit cu victorii acasă
▼ + stars: | 2020-12-23 | by ( Onixmedia Srl | ) diez.md time to read: 1 min

Trei medalii pentru Moldova la Cupa Mondială de sambo de la Moscova. Cine sunt sportivii care au venit cu victorii acasăMoldova a cucerit trei medalii la Cupa Mondială de sambo de la Moscova în memoria lui Anatolii Harlampiev. Anterior, luptătorul Piotr Ianulov a cucerit medalia de bronz la Cupa Mondială de la Belgrad. În finala mică a categoriei de greutate 86 kg, sportivul de 34 de ani a dispus de indianul Deepak Punia, scor 4-1. Ea a obținut trei victorii în categoria de greutate 57 de kg, cu italianca Arianna Carieri, turcoaica Mehlika Ozturk și indianca Anshu (scor 5-1).

Persons: Anatolii, Ana, Maria Ciobanu, Sabina, Iulian Arapan, Piotr Ianulov, Anastasia Nichita, Moldova ! Organizations: Cupa Mondială, Cupa Locations: Moldova, Moscova, Belgrad

☆ Piotr Ianulov, pe podium la Belgrad. Luptătorul moldovean de stil liber a câștigat "bronzul" la Cupa Mondială
▼ + stars: | 2020-12-19 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Luptătorul moldovean de stil liber, Piotr Ianulov a mai adus o medalie în palmaresul țării noastre la Cupa Mondială de la Belgrad. Sportivul originar din raionul Ceadîr-Lunga a câștigat medalia de bronz în categoria de până la 86 de kilograme. Piotr Ianulov a cucerit astfel a șasea medalie pentru Republica Moldova la competiția din Serbia. Anterior, Anastasia Nichita a obținut cel mai bun rezultat la Cupa Mondială de la Belgrad, după ce a reușit să urce pe prima treaptă a podiumului. Mariana Cherdivară-Eșanu și Irina Rângaci au câștigat medalia de argint, iar luptătorul de stil greco-roman, Alexandrin Guțu a cucerit medalia de bronz.

Persons: Piotr Ianulov, Ianulov, Anastasia Nichita, Mariana, Irina Rângaci, Guțu Organizations: Cupa Locations: Belgrad, Ceadîr - Lunga, Indiei, Republica Moldova, Serbia

☆ Luptătorul Piotr Ianulov a cucerit medalia de bronz la Cupa Mondială
▼ + stars: | 2020-12-19 | by ( ) www.ipn.md time to read: 1 min

Luptătorul Piotr Ianulov a cucerit medalia de bronz la Cupa MondialăLuptătorul Piotr Ianulov a cucerit medalia de bronz la Cupa Mondială de la Belgrad. În finala mică a categoriei de greutate 86 kg, sportivul de 34 de ani a dispus cu 4-1 de indianul Deepak Punia, transmite IPN. În optimi, Ianulov a trecut de slovacul Boris Makoev, cu 3-1. În recalificări, Piotr a câștigat în fața francezului Akhmed Aibuev, iar în meciul decisiv s-a impus în fața indianului Deepak Punia, vicecampion mondial anul trecut. La 65 kg, Nicolai Grahmez a cedat în finala mică ucraineanului Hor Ohannesian, cu 1-7.

Persons: Ianulov, Piotr Ianulov, Boris Makoev, ., Piotr, Akhmed, Nicolai Grahmez Organizations: Cupa Locations: Belgrad, Găgăuzia, Minsk, ucraineanului

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