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Russia discussing abolition of liability for use of unlicensed software
Russia discussing abolition of liability for use of unlicensed software

New Delhi, The Russian authorities are discussing the possibility of abolishing criminal and administrative liability for the use of unlicensed software "from countries that supported the sanctions."

Kommersant reported this with reference to the Russian Ministry of Digital Development.

Th

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Booster dose: India's pharma sector to grow at 6-8% YoY in FY23
Booster dose: India's pharma sector to grow at 6-8% YoY in FY23

New Delhi,  India's pharmaceuticals market (IPM) is expected to grow between 6 and 8 per cent on a year-on-year (YoY) basis in FY23.

Accordingly, the growth has been capped due to high base effect and inventory stocking in FY21 on account of Covid-19-led disruption in supplies of key starting materia

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Asia stocks drop after Ukraine nuclear plant attack
Asia stocks drop after Ukraine nuclear plant attack

New Delhi, Share prices have tumbled in Asia after a fire broke out earlier in the day at the Zaporizhzhia nuclear power plant in Ukraine, the largest in Europe, BBC reported.

Tokyo and Hong Kong faced the steepest falls, with Japan's benchmark Nikkei index 2.5 per cent lower and the Hang Seng in Hong Kong dow

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GIC studying the $115 mn suit by AM Re in US
GIC studying the $115 mn suit by AM Re in US

Chennai, The Indian government-owned General Insurance Corporation of India Ltd (GIC) has said it is currently in the process of studying the AM Re Syndicate Inc's complaint and quantification of its $115 million damage claim in detail to determine the next steps.

The US-based AM Re, a reinsurance provider, ha

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Delhi HC Chief Justice D.N. Patel to be next TDSAT Chairperson
Delhi HC Chief Justice D.N. Patel to be next TDSAT Chairperson

New Delhi,  The Centre has approved the appointment of Delhi High Court's Chief Justice D.N. Patel to the post of Chairperson of the Telecom Disputes Settlement and Appellate Tribunal (TDSAT).

"As approved by the Appointments Committee of the Cabinet, the Central Government here appoints Justice D.N.

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Fueling Inflation: Petrol, diesel prices set to rise as Crude to range around $95-125
Fueling Inflation: Petrol, diesel prices set to rise as Crude to range around $95-125

New Delhi,  Hostilities between Russia and Ukraine, along with sustained demand, is expected to keep global crude oil prices in the range of $95-to-$125 per barrel in the short term.

Consequently, the geo-political crisis-led global hike in crude oil prices is expected to push India's domestic prices

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Seesaw: Sharp FIIs outflow matched by DIIs' inflows
Seesaw: Sharp FIIs outflow matched by DIIs' inflows

Mumbai,  The sharp exodus of foreign investors funds from Indian equity market has been compensated by domestic investors, said Motilal Oswal Financial Services (MOFSL).

As per MOFSL report, FIIs continued to remain sellers in India as the global risk-off sentiment and the geopolitical situation have add

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Gold Rush: Ukraine war to push global prices to $2k
Gold Rush: Ukraine war to push global prices to $2k

New Delhi, Rush for safe haven investments during the ongoing market volatility triggered by Russian-Ukrainian conflict is expected to push global gold prices higher.

Accordingly, the fears of supply shortages along with robust demand has kept prices higher.

Besides, sanctions on Russia which is a m

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Telecom industry to witness healthy revenue growth in FY23
Telecom industry to witness healthy revenue growth in FY23

New Delhi,  Tariff hikes as well as continued increase in data usage is expected to accelerate telecom industry's revenue growth in FY23.

The sector has been saddled with debt due to complications such as the 'Adjusted Gross Revenue' (AGR) case verdict, which brought in a huge immediate liabi

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Mother Dairy hikes milk prices by Rs 2 per litre from Sunday
Mother Dairy hikes milk prices by Rs 2 per litre from Sunday

New Delhi,  Milk brand Mother Dairy has announced to increase the milk price by Rs 2 per litre in Delhi NCR area. The price hike will come into the effect from Sunday.

The milk brand has said that the price has been increased because of rise in the procurement cost.

"In view of the ri

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