Indian Defence Ministry Imposes Import Ban On 928 Items
The Indian Defence Ministry banned the import of 928 defence items, including subsystems, spares, line replacement units, and components of military equipment and platforms. The PSU defence takes this step to promote the “Make In India” movement. It is the fourth list of indigenisation components that have been placed under the import ban policy over…
Yash Sharma
Linda Yaccarino Is Rumours To Be The New Twitter CEO
Elon Musk bought Twitter for $44 million last October, and since then, he has continuously changed the company’s policy. At the time of acquisition, he indicated that he would only be in charge for a limited time. Now, he issued a statement through Twitter that he found a new CEO for the company and will…
I/O 2023| Here’s Everything That Google Announced
The Annual Google I/O Conference on Wednesday revealed the new plans and strategies that Google will undertake in the coming years. The conference witnessed some exemplary announcements, which included the launch of new foldable mobile phones, tablets and improvements in the AI products. Here are some of the latest gadgets and strategies that Google revealed…
WhatsApp Users Flooded With International Spam Calls
For the last couple of days, WhatsApp users In India have been receiving many spam calls from International numbers. Most of these spam calls are from African and South East Asia countries. Having millions of WhatsApp active users in India, such spam calls impose a threat of financial risk. In addition, some WhatsApp users also…
Abdullah Ansari
Adani Ports And SEZ To Pay $ 130 Million Of Debts
Adani Ports and Special Economic Zone combined to pay $ 130 million of its debt. The APSEZ company offered nearly $413 million worth had been tendered for early payment. The company, APSEZ, announced a tender of up to $ 130 million of 3.375 per cent dollar-denominated bonds, set to mature in 2024. It also stated…
OPEC Share In India’s Oil Import Slip In April
India’s oil imports from the Organization of the Petroleum Exporting Countries (OPEC) dropped by 26% a year ago as refiners increased the number of discounted Russian shipments. The supply fell to 46% in April 2023 from 72% of crude oil India imported in April 2022. India’s oil import from Russia was more than from Iraq…
Sumit
Gold-Silver Prices Remain Steady After U.S. Inflation
The U.S. dollar is performing a little low and weak compared to other times, impacting the gold-silver price in the global and domestic markets. On the Multi Commodity Exchange (MCX), gold futures began marketing at Rs. 55917.00 per 10 grams, seen as almost 0.55% rise, whereas silver futures started trading at Rs. 65090.00 per Kilogram,…
John David
Indian-origin Ajay Banga Is Next World Bank’s President
The World Bank appointed ‘Ajay Banga’ as a new President. A 25-member execute board confirmed his name for the post on Wednesday after following a selection process agreed upon by shareholders in 2011. Banga, who is at 63 now, has worked for Mastercard as a CEO before this, and his term in the World Bank…
Aman Goyal
Go First Cancelled All Its Flights Amid Bankruptcy
Go First, India’s third-largest airline, cancelled all flights of 3 and 4 May, 2023 due to the cash crunch. As per the information shared by the Directorate General of Civil Aviation (DGCA) on 2 May 2023, all airline companies notified it about the sudden flight cancellation. Go First has been facing a financial crisis due…
IBM Plans To Replace 7,800 Jobs; Company Pauses Hiring
International Business Machines Corp (IBM) decides to pause the hiring process and deploy artificial intelligence to take over 7,800 jobs in the company. The decision is taken amidst the increasing adoption of technology. In an interview, Arvind Krishna, the CEO, confirmed the halt in the hiring process. Krishna said, “I could easily see 30% of…
