Maruti Chairman blames high taxes for low car ownership in India and more

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Top News   SEBI to gradually phase out share buyback via stock exchange route   The timeline for completion of buybacks through tender offers has been reduced by 18 days.

Stock Markets   Sensex recovers 600 pts from day's low; Tata Motors, HUL, Airtel top losers   Sensex managed to trim most of its early losses and ended 103.90 points lower at 61,702.29. Nifty dipped 35.15 points or 0.19 per cent to end at 18,385.30.

Corporate   Maruti Chairman blames high taxes for low car ownership in India   'You can't grow an automobile industry with 50% taxation, Maruti's R C Bhargava noted.

Industry   Top industry official offers blueprint for wider adoption of sustainable aviation fuel   Airlines see SAF as a key element in their commitment to decarbonise the industry, requiring a production capacity of 450 billion litres by 2050.

BT TV   Crematoriums Overburdened, Million Deaths Forecast: China's Covid Woes Ring Alarm Bells   In October, China was still in an all-out war on coronavirus, imposing rigid restrictions despite its adverse impact on the country’s economy.

BT Magazine   NFT mania is dying, but global fashion brands are still minting millions from tokens; here's why   Even as the NFT mania dies down, global fashion brands like Nike and Gucci continue to mint millions by providing tangible use-cases for the high-end tokens.

IPO   Bengaluru-based start-up Wakefit eyes IPO in next two years, Rs 950 crore revenue in FY23   Bengaluru-based D2C start-up Wakefit which clocked over Rs 630 crore in FY22 is aiming to close FY23 at Rs 950 crore.

Corporate   It's a first for India as it overtakes China in M&A fees for Western banks in 2022: Report   Foreign banks have earned $231 mn in mergers and acquisitions fees from India so far this year, according to Dealogic, beating the $204 mn earned in China over the same period.

Latest   IPS shortage: Govt increases recruitment number for Indian Police Service   Minister of State for Home Home Nityanand Rai informed the Lok Sabha on Tuesday that the vacancies in IPS are caused due to factors such as retirement, resignation, death, removal of service, etc.

Technology   Who is Lex Fridman? Elon Musk's friend who wants to work for free as Twitter head   On Monday, the billionaire took a Twitter Poll to decide if he should continue to head Twitter or quit being at the helm of the social media company.

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