Global recession fears, increased inflation and higher interest rates have had a major impact on PC demand and the global PC shipments logged 65.3 million units in the fourth quarter of 2022, a 28.5 per cent decrease from the fourth quarter of 2021, a report showed on Thursday.

According to Gartner, this marks the largest quarterly shipment decline since Gartner began tracking the PC market in the mid-1990s.

Pune’s Labour Commissioner Office has sent a notice to Amazon after a group alleged the ecommerce giant had illegally implemented a voluntary separation policy and layoffs. Amazon was asked to be present at the commissioner’s office on January 17.

The Nascent Information Technology Employees Senate (NITES) said in a complaint that according to the Industrial Dispute Act an employer cannot, without prior permission from the appropriate government, lay off an employee on the muster rolls of the establishment.

India’s oldest conglomerate, Tata Group, is planning to set up electric vehicle cell-manufacturing operations in Europe as it tries to accelerate its British marque unit’s shift to battery-powered cars.

Jaguar Land Rover and Tata Motors will be the anchor customers for the facility, which will also sell battery cells to the wider market, Tata Motors Chief Financial Officer P.B. Balaji said in an interview at the India Auto Expo taking place this week on the outskirts of New Delhi.

India's leading digital payments and financial services company Paytm will be a key beneficiary of India's Unified Payments Interface (UPI) incentive scheme, brokerage firm Morgan Stanley said on Thursday.

The Union Cabinet on Wednesday approved the incentive scheme of Rs 26 billion for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for FY23, compared with Rs 15 billion in FY22.

The Indian auto manufacturer Mahindra has been named the fastest-growing brand in South Africa for the year 2022 as the company's local subsidiary set several records in the last year, according to a report by the National Association of Automobile Manufacturers of South Africa (NAAMSA).

The report said that 'Mahindra SA' increased its sales volume by a massive 78 per cent compared to 2021, the highest of all the vehicle brands that report their sales to NAAMSA and more than five times the market average.

The Central Bank of Sri Lanka has urged creditors India and China to agree a write-down of their loans as soon as possible in an effort to "help us to start repaying their obligations".

Speaking to the BBC on Wednesday night, the bank's Governor P. Nandalal Weerasinghe said: "The sooner they give us finance assurances that would be better for both (sides), as a creditor, as a debtor. That will help us to start repaying their obligations.

With visa-free entry in 59 countries, the Indian passport ranks 85th in the list of most powerful passports in the world, according to the Henley Passport Index released Tuesday. It has slipped two spots from the 83rd rank in 2022. Japan's passport continues to be the most powerful in the world, with visa-free entry in 193 countries.

South Korea and Singapore stand in the second spot. Germany and Spain jointly hold third place in the ranking.

MG Motor India, owned by China's SAIC Motor, expects electric vehicles (EV) to account for at least a quarter of its sales in India in 2023, the automaker said during the country's biennial auto show on Wednesday. "At the end of this year, 25 to 30% of our sales will be all electric," Managing Director Rajeev Chaba said, adding that it is evaluating the launch of the MG4 electric hatchback and eHS plug-in hybrid SUV in India, which were unveiled at the event. MG Motor has just over a 1% share of India's passenger vehicles market, where it sells the ZS EV SUV.

SAIC Motor has previously said that it has a wide portfolio of new energy vehicles (NEVs), which include electric, hybrid and fuel cell cars, which MG can choose from to sell in India.

Fast-moving consumer goods firm Adani Wilmar Ltd said on Tuesday its sales would grow in high single digits in the third quarter, helped by strong demand during the festive season and stronger out-of-home consumption.

Standalone sales volume will grow in high teens, the company said in a regulatory filing.

Boeing said Tuesday it took more than 200 net orders for passenger airplanes in December and finished 2022 with its best year since 2018, which was before two deadly crashes involving its 737 Max jet and a pandemic that choked off demand for new planes.

The biggest boost came from United Airlines, which placed large orders for both the 737 Max and the larger, twin-aisle 787, which is used mostly on international routes. Bank of China Aviation also placed a significant order for 40 Max jets, Boeing said.

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