Shares likely to fall today
Stocks are set to extend selloff on Friday amid fears of an economic slowdown amid tighter monetary policy across the globe hurting inflation. read more
RBI allows Mastercard to issue new cards after a gap of 11 months
The Reserve Bank of India (RBI) has lifted restrictions on global card network Mastercard and allowed it to onboard customers after demonstrating “satisfactory compliance”. RBI had banned Mastercard from onboarding customers since July last year, citing its failure to comply with data localization. Criteria. read more
WTO close to historic global deal after 9 years
After a full night of intense talks that continued till Thursday, 164 member countries finally pushed for a package deal with India at the 12th Ministerial Conference of the World Trade Organization (WTO) in Geneva. read more
State-run OMCs plan EV charging corridor
To contribute to India’s energy and mobility transition, public sector oil marketing companies (OMCs) are focusing on setting up Electric Vehicle (EV) charging corridors along major national highways. read more
Power demand will continue to rise, 205 GW is the new baseline: RK Singh
Union Power Minister RK Singh said that the demand for electricity in India will continue to grow and will exceed 205 GW going forward. Speaking at the India Energy Transition Summit 2022 on Thursday, Singh said electricity demand in the country will not go back to the pre-Covid level of 160 GW. read more
Insurers may suffer losses from crypto assets
Global reinsurer Swiss Re said in a report that crypto assets could lead to unexpected losses and opportunities for new forms of insurance coverage. read more
Elon Musk gives Twitter employees billion-user vision but few details
Tesla chief Elon Musk on Thursday pitched a vision to the Twitter staff of the one billion user platform. However, the world’s richest man was vague on potential layoffs, the extent of freedom of speech and what lay ahead in his chaotic buying bid. read more
Agneepath Yojana: Government raises age limit from 21 to 23
Amid protests against the new model of recruiting soldiers in the three armed services, the Center has decided to increase the upper age limit for recruitment under the “Agneepath” scheme from 21 years to 23 years for the year 2022. read more