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2024

Новости за 17.05.2024

NCLAT allows Sarda Energy to seek tribunal nod for its SKS Power offer

Economictimes.indiatimes.com 

The National Company Law Appellate Tribunal (NCLAT) has granted permission to Sarda Energy & Minerals (SEML) to pursue a final approval from the bankruptcy court for its bid for SKS Power Generation. This decision overturns the lower court's ruling in October, which instructed the committee of creditors (CoC) to review its selection of SEML as the recipient of the 600 MW power producer.



RBI urges ARCs to follow the regulations in letter & spirit

Economictimes.indiatimes.com 

RBI deputy governors M Rajeshwar Rao and Swaminathan J gave keynote addresses in the conference, 'Governance in ARCs - Towards Effective Resolutions'. It was attended by senior-most RBI officials and 80 participants from the ARC sector.

Despite post-Covid rebound, many US voters prefer Donald Trump over Joe Biden

Economictimes.indiatimes.com 

Real disposable personal income per capita - money available to spend after taxes and adjusted for inflation - is a clear measure of standard of living. Under Biden, it's improved, but on average only at about a quarter the pace set during the Trump years. Trump fueled the economy with much more deficit-financed stimulus than Biden, enacting a $1.9 trillion, 10-year tax cut skewed toward wealthier households even before the pandemic economic crisis.

Russia, China to expand oil and gas trade

Economictimes.indiatimes.com 

Russia currently delivers gas to China through the Power of Siberia pipeline and plans to build a second supply link along the same route no later than in 2027. It has, for years, been trying to sign a third gas contract with China, which would pave the way for a third pipeline via a different route via Mongolia. If all three lines operate as planned, Russia's gas flows to China could reach nearly 100 billion cubic meters per year.



Wegovy should be treating more than just obesity

Economictimes.indiatimes.com 

A new analysis highlights the significant cardiovascular benefits of Novo Nordisk's obesity drug Wegovy, showing improvements regardless of weight loss amount. This challenges perceptions of GLP-1 drugs, suggesting they could be viewed more as heart or metabolic medications. Improved access and understanding are crucial, as these drugs could impact various chronic conditions like kidney disease. Acknowledging these connections could lead to more effective treatment approaches and better outcomes.

EU warns Microsoft to give Bing AI risk data or face fines

Economictimes.indiatimes.com 

The EU has identified generative AI as one of the key threats to elections being held across the 27-country bloc June 6-9. Brussels in March pressed Bing, alongside several big digital platforms including Google Search, TikTok and YouTube, about action they have taken to mitigate AI risks.

China lays out 'historic' plans to prop up its realty market

Economictimes.indiatimes.com 

Investors hoped the measures marked the beginning of more decisive government intervention to compensate for waning demand for new and old apartments, to slow down falling prices and to reduce a growing stock of unsold homes. Since the property market began its steep downturn in 2021, a string of developers have defaulted, leaving scores of idle construction sites behind, and sapping confidence in what had been the preferred savings instrument for the Chinese population.

'Global interest in India encouraging for local industry': Sanjiv Puri

Economictimes.indiatimes.com 

Sanjiv Puri, chairman of ITC, highlighted the global interest in the Indian economy at the CII Annual Business Summit 2024, emphasizing India's success in the digital economy and renewable space sector, showcasing public-private partnerships for global success.

World's billionaires club booms with record 15 members over $100 billion

Economictimes.indiatimes.com 

The world's super-rich club has reached a record high, with 15 members now holding fortunes over $100 billion. Their combined net worth has surged 13% this year to $2.2 trillion, outpacing inflation and the stock market. Among them are new entrants like L'Oreal heiress Francoise Bettencourt Meyers and Dell founder Michael Dell, while old names like Mexican billionaire Carlos Slim and Indian tycoon Gautam Adani have also rejoined the elite group. Leading the pack are Bernard Arnault, Jeff Bezos, and Elon Musk... Читать дальше...

AI Stole Your Voice? Voice actors sue AI startup for using their voices in chatbot

Economictimes.indiatimes.com 

Voice actors Paul Skye Lehrman and Linnea Sage are suing AI startup Lovo for allegedly using their voices without permission to create a chatbot named Poe. The couple, who rely on their voice work for a living, discovered the bot sounded exactly like them. They claim Lovo violated trademark and privacy laws by using their voice recordings without disclosure. The lawsuit, seeking class-action status, highlights a growing concern among artists and creators about AI technologies potentially replacing them in the job market.

New e-car norms on way as India looks to build a China Wall on EV street

Economictimes.indiatimes.com 

The development comes weeks after Tesla chief Elon Musk cancelled his much-hyped visit to India in April. Tesla is yet to communicate its India plans to the government under the new EV policy, the official said. Musk, who was scheduled to visit India April 21-22, postponed his visit at the last moment, citing “very heavy Tesla obligations”.

Top luggage firms see slower growth in Q4

Economictimes.indiatimes.com 

Samsonite, Safari, and VIP Industries faced growth declines in India. Samsonite's business fell 10%, Safari's growth slid to 21%, and VIP Industries saw sales taper to 14%. China regained Samsonite's top market position post travel restrictions. Neetu Kashiramka discussed industry growth, and the shift towards hard luggage was highlighted in a RedSeer report.

NCLT okays Metalysts Forgings' acquisition by Deccan value-led group

Economictimes.indiatimes.com 

"It (resolution plan) shall be binding on the corporate debtor (Metalysts Forgings), its employees, members, and creditors, including the central government, any state government or any local authority to whom a debt in respect of the payment of dues arising under any law for the time being in force is due, guarantors and other stakeholders involved in the resolution plan," the division bench of justice VG Bisht and technical member Prabhat Kumar said in its May 14 order.

Serum Partners US company to advance needle-free injection technology

Economictimes.indiatimes.com 

SII said, in a statement on Friday that the partnership with IntegriMedical aligns with its vision of 'Health for All' and IntegriMedical's mission to 'transform healthcare globally' by providing patient comfort, ensuring increased patient compliance, reducing needle-stick injuries, and enhancing the efficacy of liquid medication via needle-free dispersion.


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ICAI disciplinary panel overlooks stay to pass order against 2 partners of PwC arms

Economictimes.indiatimes.com 

Despite a Delhi High Court stay, the Institute of Chartered Accountants of India (ICAI) has published orders penalizing two PwC affiliate partners. PwC had obtained a stay against ICAI's disciplinary action, challenging fines and membership removal. The institute's move to upload the order on its website has sparked a legal battle. This follows a similar dispute with EY affiliates. The Big Four firms are contesting ICAI's disciplinary actions, demanding an appellate tribunal be established first.

CEA Anantha Nageswaran bats for fresh round of capital market reforms

Economictimes.indiatimes.com 

The CEA pushed for macro and financial stability, stressing that "sometimes it may be necessary to forgo rapid growth opportunities in favour of stability". This will ensure that the country remains on the high growth orbit for a longer period, he indicated. He pointed at the massive spurt in credit in the early part of this century and the subsequent spike in bad loans in the banking assets, which weighed down growth in the second decade of this century.

India's drug regulator cracks down on antibiotic misuse, seeks list of licensed combinations

Economictimes.indiatimes.com 

India's drug regulator has directed state counterparts to provide a list of antibiotic combinations licensed for manufacturing and marketing within two weeks to combat misuse. This move follows recommendations from an expert sub-committee under the Drugs Technical Authority Board (DTAB) to regulate antibiotic use. The regulator seeks to ban inappropriate combinations and monitor unapproved antibiotics in the market. A sub-committee was formed to examine this issue, leading to the recent directive to state drug regulators and port officers.

India can become third largest economy by '27-28: Arvind Panagariya

Economictimes.indiatimes.com 

"The growth in nominal dollar terms had been at about 10.2% during this period (2004-2024) and mind you that during this period we had to deal with the global financial crisis and then with Covid," Panagariya said, in his address at CII annual business summit.

Ladakh Lok Sabha Polls 2024: Triangular fight with surprise entry of an Independent from Kargil

Economictimes.indiatimes.com 

The upcoming Lok Sabha election in Ladakh features a three-way battle between the BJP, Congress, and an independent candidate. BJP's Tashi Gyalson, also the Ladakh Autonomous Hill Development Council's chief executive councillor, faces Congress' Tsering Namgyal and independent candidate Mohammad Haneefa Jan. With NC rebels and alliances influencing the race, the region's statehood and Sixth Schedule implementation are key issues. Ladakh's 1,84,803 voters, split between Leh and Kargil, will decide the outcome on May 20.



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