Extreme weather events are affecting continents worldwide, from wildfires in North America to floods and typhoons in Asia. Here is a look at the weather conditions around the world. Asia: Floods in India, typhoon in Taiwan and China In India, Mumbai faced heavy rainfall leading to the cancellation and diversion of flights. Runway operations were halted twice due to poor visibility caused by intense downpours. Pune witnessed record-breaking rainfall with Shivajinagar recording the third-highest daily rainfall in 66 years, reported PTI. The deluge caused casualties and extensive property damage, prompting…
Tag: global
Without backup plans, global IT outages will happen again | Technology News
Elements of Friday’s global IT outage, which grounded planes and hit services from banking to healthcare, have occurred before and until more contingencies are built into networks, and organisations put better back-up plans in place, it will happen again. Friday’s outage was caused by an update that U.S. cybersecurity firm CrowdStrike pushed to its clients early on Friday morning which conflicted with Microsoft’s Windows operating system, rendering devices around the world inoperable. CrowdStrike has one of the largest shares of the highly competitive cybersecurity market that provides such tools, leading…
India to host global summit on media and entertainment in November | Delhi News
India will host the first World Audio Visual and Entertainment Summit in November alongside the International Film Festival of India in Goa, with I&B Minister Ashwini Vaishnaw promising to strengthen the ecosystem for the protection of intellectual property rights in the media and entertainment sector. Vaishnaw and Goa Chief Minister Pramod Sawant on Saturday made the announcement of the first World Audio Visual and Entertainment Summit (WAVES) in Goa from November 20-24 and described it as a visionary initiative by Prime Minister Narendra Modi as India seeks to make a…
RBI governor says global factors need to be identified in inflation and policy coordination
[ad_1] Global factors should get more importance in the assessment inflation Risks in the light of current events Europe Where war has a significant impact on the price situation, Reserve Bank of India Governor Shaktikanta Das has said. Delivering a speech at an event organized by the Institute of Economic Development, Das said, “Recent developments call for greater recognition of global factors in the dynamics of domestic inflation and macroeconomic growth, which can lead to policy coordination among countries to achieve better results.” and underscore the need to enhance dialogue.”…
One strong global minimum tax outweighs two weak ones
[ad_1] According to recent news Report, Congressional Democrats are considering watered-down versions of two of last year’s measures Build Back Better Act, The alternative minimum tax on global book income of large corporations would allow a deduction for current investment expenditures, and the global intangible low-income (GILTI) reform would continue to allow for cross-country pooling of foreign income and tax credits. imposing a single global minimum tax that is consistent with OECD/G-20 Pillar 2 Model Two weaker global minimums would be easier than levying taxes and increasing revenues more efficiently.…
HDFC: What do global brokerages say on Dalmia Bharat, HDFC merger and financials
[ad_1] New Delhi: Global brokerages have turned positive on select Indian regions as companies have started providing updates for the June 2022 quarter performance. That said, some people have a point of caution on infra play. J. P. Morgan Has maintained its ‘overweight’ stance on the cement company Dalmia Bharat 1,680 over the counter with a target price of Rs. However, it has further cut its consensus earnings for the company. The brokerage said the earnings outlook remains bleak, though Q2 should be at the bottom and pricing power would…
Vedanta Share Price: Global brokerages rise up to 115% in Tata Steel, Vedanta, Gland Pharma
[ad_1] New Delhi: Despite strong volatility in sectors such as metals, mining and pharma, global brokerage firms are bullish on select stocks in these pockets. Global brokerage City remains bullish on Citi , Maintaining rating of purchases over the counter. However, it has reduced its target price from Rs 1,800 to Rs 1,085, indicating a growth of 25 per cent in the counter from its previous close. The brokerage believes that weakness in China’s export prices will hurt the company, leading to a 32-34 per cent cut in EBITDA on…
Apollo: Apollo Global revisits ARC joint venture with ICICI Bank, ‘looking for exit’
[ad_1] US-based private equity giant Apollo Global management is rethinking its asset reconstruction company (arch) after failing to start due to intense competition in the troubled debt space and seeks new avenues to invest in the space through an Alternative Investment Fund (AIF). Five people familiar with Apollo’s plans said the company has decided to invest in distressed assets through its AIF and will seek a buyer of over 90% of its stake in ARC. A person directly aware of the matter said, “Nowadays no fund needs to have an…
More global minimum tax drama, more state tax cuts
[ad_1] Why Hungary is stalling the global minimum corporate tax deal. The nation told the European Union off today’s agenda Proposed 15% global minimum corporate tax. Reason: “Europe is in deep trouble without a global minimum tax. We are not supporting an increase in taxes for Hungarian companies and we are not willing to put jobs at risk,” says Hungarian Foreign Minister Peter Sizzarto. stay tuned. The Pennsylvania Senate approved a cut in the corporate income tax rate. Republican Controlled Senate Two different plans approved This week. Each will reduce…
Indian companies slip in global ranking; Top 500. four steps out of
[ad_1] LONDON: The turmoil in the stock market has impacted global rankings of Indian companies, 14 of which appear in a new list of the world’s 500 most valuable firms, with their market value of nearly $150 billion in the first three years. decline has been observed. months of this year. Of the 14 present in the latest list, 13 have reported a drop in their rankings, while four companies – Mukesh Ambani-led Reliance Petroleum, public sector Indian Oil Corp (IOC), realty company Unitech and housing loan giant HDFC –…