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IndiaTV Business: Google News Feed: Digest for January 18, 2023

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Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them.
WEF Davos 2023: The World Economic Forum (WEF) has announced that its annual meeting in Davos, Switzerland, will take place from January 16 to 20, 2023, with the theme "Cooperation for Sustainable Growth and Shared Prosperity". The WEF is a platform for global leaders to collaborate and discuss solutions to some of the world's most pressing issues.
Budget 2023: As the government tries to encourage more people to choose the exemption-free personal income tax system, Union Budget 2023–2024 is likely to review the tax structure and possibly announce a few sweeteners.
Telecommunications giant Vodafone is reportedly planning to lay off hundreds of employees, primarily from its London headquarters, as part of its cost-cutting measures. The move comes amid ongoing macroeconomic conditions and follows similar layoffs by companies such as Amazon, Cisco, Salesforce, and Ola.
Mohalla Tech, ShareChat's parent company is set to lay off around 20 per cent of its staff which will be around 400 employees. The firm has confirmed the action through a letter which was sent to the employees today. 
The National Payments Corporation of India (NPCI) in a recent circular announced that Non-Resident Indians (NRIs) will soon be able to make UPI (Unified Payments Interface) transactions without the need for an Indian mobile number. 
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.
Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them.
WEF Davos 2023: The World Economic Forum (WEF) has announced that its annual meeting in Davos, Switzerland, will take place from January 16 to 20, 2023, with the theme "Cooperation for Sustainable Growth and Shared Prosperity". The WEF is a platform for global leaders to collaborate and discuss solutions to some of the world's most pressing issues.
Budget 2023: As the government tries to encourage more people to choose the exemption-free personal income tax system, Union Budget 2023–2024 is likely to review the tax structure and possibly announce a few sweeteners.
Telecommunications giant Vodafone is reportedly planning to lay off hundreds of employees, primarily from its London headquarters, as part of its cost-cutting measures. The move comes amid ongoing macroeconomic conditions and follows similar layoffs by companies such as Amazon, Cisco, Salesforce, and Ola.
Mohalla Tech, ShareChat's parent company is set to lay off around 20 per cent of its staff which will be around 400 employees. The firm has confirmed the action through a letter which was sent to the employees today. 
The National Payments Corporation of India (NPCI) in a recent circular announced that Non-Resident Indians (NRIs) will soon be able to make UPI (Unified Payments Interface) transactions without the need for an Indian mobile number. 
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.
Mohalla Tech, ShareChat's parent company is set to lay off around 20 per cent of its staff which will be around 400 employees. The firm has confirmed the action through a letter which was sent to the employees today. 
The National Payments Corporation of India (NPCI) in a recent circular announced that Non-Resident Indians (NRIs) will soon be able to make UPI (Unified Payments Interface) transactions without the need for an Indian mobile number. 
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.

Vikas Lifecare gets DSIR recognition from government

Tuesday 17 January 2023 05:33 AM UTC+00
Vikas Lifecare, a polymer and polymer additive related chemicals company, has informed that the company's in-house R&D Unit(s) has got recognition from the Department of Scientific and Industrial Research, Ministry of Science & Technology.
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that its R&D division has collaborated with King Khalid University, Saudi Arabia.

India's richest 1% own more than 40% of total wealth: Oxfam

Tuesday 17 January 2023 06:12 AM UTC+00
According to a new Oxfam study released on Monday, the richest one percent of Indians now hold more than 40% of the country's wealth, while the bottom half of the population collectively holds only 3%.
Quant Mutual Fund has acquired a more than 2 per cent stake in Apollo Micro Systems. As per data, Quant Mutual Fund has bought nearly 5.50 lakh shares or 2.66 per cent shareholding in the company.
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.

Vikas Lifecare gets DSIR recognition from government

Tuesday 17 January 2023 05:33 AM UTC+00
Vikas Lifecare, a polymer and polymer additive related chemicals company, has informed that the company's in-house R&D Unit(s) has got recognition from the Department of Scientific and Industrial Research, Ministry of Science & Technology.
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that its R&D division has collaborated with King Khalid University, Saudi Arabia.

India's richest 1% own more than 40% of total wealth: Oxfam

Tuesday 17 January 2023 06:12 AM UTC+00
According to a new Oxfam study released on Monday, the richest one percent of Indians now hold more than 40% of the country's wealth, while the bottom half of the population collectively holds only 3%.
Quant Mutual Fund has acquired a more than 2 per cent stake in Apollo Micro Systems. As per data, Quant Mutual Fund has bought nearly 5.50 lakh shares or 2.66 per cent shareholding in the company.

How Budget 2023 can help Indian Startups: Top 5 expectations

Tuesday 17 January 2023 08:15 AM UTC+00
Budget 2023 Expectations: India is emerging as one of the strongest business environments in the world, and our entrepreneurial spirit is one of our greatest strengths. India's startup ecosystem, being the third-largest and one of the fastest-growing has become integral to the country's economy and overall development. Startups play an important role in the creation of jobs throughout India, in addition to bringing a plethora of disruptive inventions to market. Startups focused on expanding their operations create the majority of new jobs in every state of the country and in every industry.
WEF Davos: This week's World Economic Forum gathering at Davos would likely discuss generative artificial intelligence in addition to attracting venture capital to Silicon Valley.  Generative artificial intelligence can create nearly any material that a person may imagine and write into a text field. ChatGPT, a chatbot that the startup OpenAI released in November, defines the category.
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.

Vikas Lifecare gets DSIR recognition from government

Tuesday 17 January 2023 05:33 AM UTC+00
Vikas Lifecare, a polymer and polymer additive related chemicals company, has informed that the company's in-house R&D Unit(s) has got recognition from the Department of Scientific and Industrial Research, Ministry of Science & Technology.
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that its R&D division has collaborated with King Khalid University, Saudi Arabia.

India's richest 1% own more than 40% of total wealth: Oxfam

Tuesday 17 January 2023 06:12 AM UTC+00
According to a new Oxfam study released on Monday, the richest one percent of Indians now hold more than 40% of the country's wealth, while the bottom half of the population collectively holds only 3%.
Quant Mutual Fund has acquired a more than 2 per cent stake in Apollo Micro Systems. As per data, Quant Mutual Fund has bought nearly 5.50 lakh shares or 2.66 per cent shareholding in the company.

How Budget 2023 can help Indian Startups: Top 5 expectations

Tuesday 17 January 2023 08:15 AM UTC+00
Budget 2023 Expectations: India is emerging as one of the strongest business environments in the world, and our entrepreneurial spirit is one of our greatest strengths. India's startup ecosystem, being the third-largest and one of the fastest-growing has become integral to the country's economy and overall development. Startups play an important role in the creation of jobs throughout India, in addition to bringing a plethora of disruptive inventions to market. Startups focused on expanding their operations create the majority of new jobs in every state of the country and in every industry.
WEF Davos: This week's World Economic Forum gathering at Davos would likely discuss generative artificial intelligence in addition to attracting venture capital to Silicon Valley.  Generative artificial intelligence can create nearly any material that a person may imagine and write into a text field. ChatGPT, a chatbot that the startup OpenAI released in November, defines the category.
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.

Vikas Lifecare gets DSIR recognition from government

Tuesday 17 January 2023 05:33 AM UTC+00
Vikas Lifecare, a polymer and polymer additive related chemicals company, has informed that the company's in-house R&D Unit(s) has got recognition from the Department of Scientific and Industrial Research, Ministry of Science & Technology.
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that its R&D division has collaborated with King Khalid University, Saudi Arabia.

India's richest 1% own more than 40% of total wealth: Oxfam

Tuesday 17 January 2023 06:12 AM UTC+00
According to a new Oxfam study released on Monday, the richest one percent of Indians now hold more than 40% of the country's wealth, while the bottom half of the population collectively holds only 3%.
Quant Mutual Fund has acquired a more than 2 per cent stake in Apollo Micro Systems. As per data, Quant Mutual Fund has bought nearly 5.50 lakh shares or 2.66 per cent shareholding in the company.

How Budget 2023 can help Indian Startups: Top 5 expectations

Tuesday 17 January 2023 08:15 AM UTC+00
Budget 2023 Expectations: India is emerging as one of the strongest business environments in the world, and our entrepreneurial spirit is one of our greatest strengths. India's startup ecosystem, being the third-largest and one of the fastest-growing has become integral to the country's economy and overall development. Startups play an important role in the creation of jobs throughout India, in addition to bringing a plethora of disruptive inventions to market. Startups focused on expanding their operations create the majority of new jobs in every state of the country and in every industry.
WEF Davos: This week's World Economic Forum gathering at Davos would likely discuss generative artificial intelligence in addition to attracting venture capital to Silicon Valley.  Generative artificial intelligence can create nearly any material that a person may imagine and write into a text field. ChatGPT, a chatbot that the startup OpenAI released in November, defines the category.
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.

Vikas Lifecare gets DSIR recognition from government

Tuesday 17 January 2023 05:33 AM UTC+00
Vikas Lifecare, a polymer and polymer additive related chemicals company, has informed that the company's in-house R&D Unit(s) has got recognition from the Department of Scientific and Industrial Research, Ministry of Science & Technology.
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that its R&D division has collaborated with King Khalid University, Saudi Arabia.
Quant Mutual Fund has acquired a more than 2 per cent stake in Apollo Micro Systems. As per data, Quant Mutual Fund has bought nearly 5.50 lakh shares or 2.66 per cent shareholding in the company.

How Budget 2023 can help Indian Startups: Top 5 expectations

Tuesday 17 January 2023 08:15 AM UTC+00
Budget 2023 Expectations: India is emerging as one of the strongest business environments in the world, and our entrepreneurial spirit is one of our greatest strengths. India's startup ecosystem, being the third-largest and one of the fastest-growing has become integral to the country's economy and overall development. Startups play an important role in the creation of jobs throughout India, in addition to bringing a plethora of disruptive inventions to market. Startups focused on expanding their operations create the majority of new jobs in every state of the country and in every industry.
WEF Davos: This week's World Economic Forum gathering at Davos would likely discuss generative artificial intelligence in addition to attracting venture capital to Silicon Valley.  Generative artificial intelligence can create nearly any material that a person may imagine and write into a text field. ChatGPT, a chatbot that the startup OpenAI released in November, defines the category.
RBI on OPS: The Reserve Bank has sounded a note of caution on reversion to the old pension scheme by some states, saying it poses a major risk on the "subnational fiscal horizon" and would result in the accumulation of unfunded liabilities in the coming years for them.
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.

Vikas Lifecare gets DSIR recognition from government

Tuesday 17 January 2023 05:33 AM UTC+00
Vikas Lifecare, a polymer and polymer additive related chemicals company, has informed that the company's in-house R&D Unit(s) has got recognition from the Department of Scientific and Industrial Research, Ministry of Science & Technology.
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that its R&D division has collaborated with King Khalid University, Saudi Arabia.
Quant Mutual Fund has acquired a more than 2 per cent stake in Apollo Micro Systems. As per data, Quant Mutual Fund has bought nearly 5.50 lakh shares or 2.66 per cent shareholding in the company.

How Budget 2023 can help Indian Startups: Top 5 expectations

Tuesday 17 January 2023 08:15 AM UTC+00
Budget 2023 Expectations: India is emerging as one of the strongest business environments in the world, and our entrepreneurial spirit is one of our greatest strengths. India's startup ecosystem, being the third-largest and one of the fastest-growing has become integral to the country's economy and overall development. Startups play an important role in the creation of jobs throughout India, in addition to bringing a plethora of disruptive inventions to market. Startups focused on expanding their operations create the majority of new jobs in every state of the country and in every industry.
WEF Davos: This week's World Economic Forum gathering at Davos would likely discuss generative artificial intelligence in addition to attracting venture capital to Silicon Valley.  Generative artificial intelligence can create nearly any material that a person may imagine and write into a text field. ChatGPT, a chatbot that the startup OpenAI released in November, defines the category.
RBI on OPS: The Reserve Bank has sounded a note of caution on reversion to the old pension scheme by some states, saying it poses a major risk on the "subnational fiscal horizon" and would result in the accumulation of unfunded liabilities in the coming years for them.
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.

Vikas Lifecare gets DSIR recognition from government

Tuesday 17 January 2023 05:33 AM UTC+00
Vikas Lifecare, a polymer and polymer additive related chemicals company, has informed that the company's in-house R&D Unit(s) has got recognition from the Department of Scientific and Industrial Research, Ministry of Science & Technology.
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that its R&D division has collaborated with King Khalid University, Saudi Arabia.
Quant Mutual Fund has acquired a more than 2 per cent stake in Apollo Micro Systems. As per data, Quant Mutual Fund has bought nearly 5.50 lakh shares or 2.66 per cent shareholding in the company.

How Budget 2023 can help Indian Startups: Top 5 expectations

Tuesday 17 January 2023 08:15 AM UTC+00
Budget 2023 Expectations: India is emerging as one of the strongest business environments in the world, and our entrepreneurial spirit is one of our greatest strengths. India's startup ecosystem, being the third-largest and one of the fastest-growing has become integral to the country's economy and overall development. Startups play an important role in the creation of jobs throughout India, in addition to bringing a plethora of disruptive inventions to market. Startups focused on expanding their operations create the majority of new jobs in every state of the country and in every industry.
WEF Davos: This week's World Economic Forum gathering at Davos would likely discuss generative artificial intelligence in addition to attracting venture capital to Silicon Valley.  Generative artificial intelligence can create nearly any material that a person may imagine and write into a text field. ChatGPT, a chatbot that the startup OpenAI released in November, defines the category.
RBI on OPS: The Reserve Bank has sounded a note of caution on reversion to the old pension scheme by some states, saying it poses a major risk on the "subnational fiscal horizon" and would result in the accumulation of unfunded liabilities in the coming years for them.
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