Feb 09, 2023 08:15 AM IST

SEBI’s latest effort at tracking beneficial owners is a never ending exercise

Finding ultimate beneficial owners is important because of the dangers of tax evasion, drug trafficking, corruption and terrorism. But too many countries still allow camouflaging of these owners and there are clever lawyers and accountants to help

Google parent Alphabet loses $100 billion in market value after AI chatbot Bard gives wrong answer

Google’s AI chatbot, Bard, delivered inaccurate information in its promotional video, underscoring the integrity risks that AI systems pose to corporations.

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

MSCI reviews free float status of Adani Group stocks: What could be the impact?

MSCI said it defined the free float of a security as the proportion of shares outstanding available for purchase in the public equity markets by international investors.

Electric-scooter leader Ola says on track for first car in 2024

The manufacturer and ride-hailing company is focused on advanced stages of design and benefiting from the sharing of some technology deployed in its two-wheeler products, Kumar said in an interview in Bengaluru on Wednesday.

Management, communication & tech top list of most in-demand skills for employees: LinkedIn report

As per the research, the Top 10 most in-demand skills for the year in India featured a blend of business and marketing skills. This includes management, communications and sales. Further tech skills such as software development, SQL and Java.

TotalEnergies CEO Patrick Pouyanne says Adani Green, Adani Total Gas are healthy

The French energy giant has stakes in assets such as Adani Total Gas Ltd. and Adani Green Energy Ltd. which represent 2.4% of the French firm’s capital employed last year.

Reliance, BPCL among buyers using UAE currency for Russian oil

Buyers have shifted some transactions to the currency, according to people with direct knowledge of the matter. Payments vary from cargo to cargo, depending in part on the demands of specific traders, said the people, who requested anonymity as the details are private.

Tata Steel in talks with UK govt over decarbonisation package

Tata Steel feels the £600-million package from UK govt is less than expected, so conversation is going on that front, with the government to see what can be done, CEO and MD TV Narendran said

Australia rejects Clive Palmer’s coal mining project to save the Reef

In a major win for the environment, Australian environment minister Tanya Plibersek rejected a large-scale coal mining project proposal, stating that the irreversible damage that the reef would get exposed to wasn’t worth it

LinkedIn crosses 100 million members milestone in India

The largest share of members in India are from software and IT, followed by manufacturing, corporate services (consulting, accounting, and HR), finance, and education industries.

Adani turmoil prompts Nomura, SMFG to disclose fund exposures

Nomura Holdings Inc.’s asset management arm released details on Tuesday about 30 of its publicly offered investment trusts that hold either stocks or bonds of Adani companies. The move followed similar steps last week by units of Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc.

Bengaluru hotels see full occupancy, room rates triple as Aero show, G20 drive up demand

Over 50,000 rooms have been booked in Bengaluru for the next two weeks. The most preferred choice of location for hotels is in north Bengaluru.

RBI Policy | Consumer price inflation likely to hover on 5.3% in FY24

January-March 2023 CPI inflation is seen at 5.6 percent versus 5.9 percent earlier

Lessons from the great reflation

There is a danger not just of loosening too soon but of loosening too far

MC Insider: The silent top boss, market’s love for chemical stocks, fintech feat and more

Top cryptocurrency news on February 08: N. Korea’s hacking groups increase crypto thefts, UK prepares for cashless future with Digital Pound, & more

A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

Distressed funds including Oaktree scoop up Adani bonds

Oaktree Capital Management, one of the world’s largest opportunistic debt firms, and Davidson Kempner Capital Management were among those buying the debt in recent weeks, according to people familiar with the matter, who asked not to be named as the deals aren’t public.

Easy Trip Q3 FY23 — Well placed to make the most of the good times

Earnings of Easy Trip Planners to grow, driven by sector growth, diversification into non-airline ticketing, foray into international geographies, and meaningful acquisitions

In Pics | Highlights of Day 1 at the India Energy Week 2023

Prime Minister Narendra Modi inaugurated the India Energy Week 2023 in Bengaluru on February 6. PM Modi launched ‘Unbottled’ uniforms made of recycled PET bottles by Indian Oil. He also launched the twin-cooktop model of the Indian Oil’s Indoor Solar Cooking System and flagged off its commercial roll-out.

Top cryptocurrency news on February 7: BabyDoge Coin's impressive spike, crypto exchanges unite to aid Turkey & more

A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day

Bridgestone lines up Rs 600 crore to expand capacity, upgrade tech at Pune plant

Initial investment for capacity and technology upgradation will be 70 million euros (over Rs 600 crore), the company said in a statement.

Apple could add another flagship model for the iPhone 15

The new variant will apparently slot in between the iPhone 15 Pro and iPhone 15 Pro Max

Vodafone Idea joins hands with Motorola to drive 5G connectivity across 5G smartphone portfolio

The announcement comes within days of Vodafone Idea getting a shot in the arm, with Centre on Friday clearing conversion of the troubled telco's accumulated interest dues worth Rs 16,000 crore into equity.