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Top headlines: RBI Governor on rate hike in June; metal stocks bleed

Business Standard brings you the top headlines on Monday

WEF 2022: Crypto crowd dominate Davos main street despite price crash

The crypto crowd's prominence at Davos, while largely on the sidelines of the main event, comes as cryptocurrencies shed $800 bn in market value earlier this month

Expect income tax harassment to increase over the next few months

Govt's free food package, brought into effect since Covid outbreak in 2020, and RBI's lesser-than-expected dividend for FY22 might make the govt push the taxman to further augment revenues

Urban Company rolls out health insurance for service professionals

The tech-enabled home services company has tied up with ACKO Insurance to craft this insurance cover.

WEF 2022: DPITT sends delegation with agenda to increase India's exposure

As India assumes the presidency of the G20 in 2023, the initiative will boost India's position at WEF 2022 meet as an important stakeholder in shaping global narrative

Self-driving vehicle start-up Minus Zero raises $1.7mn in seed fund

The company plans the public launch of its first Autonomous vehicle use-case in late 2022 to early 2023.

Cloud company VMware's shares surge 15% after Broadcom takeover talks

Shares in VMware rose 15% in premarket trading on Monday, which would give the company a market value of about $46 billion.

1K Kirana raises $25 mn, aims to serve over 10 mn consumers in 12 months

Hyperlocal shopping and distribution network says it will use the financing for improving its technology and expanding team.

Sensex falls 642pts from day's high, ends 38pts down; Tata Steel bleeds 12%

CLOSING BELL: The sharp knock in metal stocks came after he government levied export duty on 11 iron and steel intermediates and key steel products.

WEF 2022: Indian CEOs' alliance to supercharge race to net zero

The Alliance will continue efforts to achieve the vision outlined in the white paper released last year on net-zero

Indian Hotels unveils 'Ahvaan 2025' for profitable growth; stock gains 4%

The company aims to build a portfolio of 300 hotels, clock 33 per cent EBITDA margin with 35 per cent EBITDA share contribution from new businesses and management fees by FY 2025-26.

Jet Airways hires senior executives as it prepares to take wing again

The Kalrock-Jalan consortium which is reviving the grounded airline on Monday announced the appointment of senior executives in charge of engineering, inflight product and services, sales, and digital

Digital solution providers looking to enter India's 5G spectrum play

Tata Communications has said ISPs should be allowed to participate in the 5G auction as they were eligible to bid for BWA (4G) spectrum in the 2010 auction

Davos 2022: WEF launches metaverse for strong public-private cooperation

WEF 2022: The Global Collaboration Village will bring together key global stakeholders to address critical global issues

HPCL, BPCL, IOC: Will OMC stocks remain under pressure on excise duty cut?

According to the current chart structures, shares of OMCs needs to hold their relevant support levels to stay afloat.

Amara Raja Batteries slips 6% on disappointing Q4 operational performance

In Q4, Ebitda declined by 31 per cent year on year to Rs 220 crore due to lower-than-expected revenue and delay in passing on commodity inflation

Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das

The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June

WEF 2022: Making the internet world safer by tackling harmful content

More than 4.7 billion people use the internet and McKinsey projects that roughly $2.5 trillion will be transacted online by 2025

Tata Steel, SAIL: Should you Buy or Sell them? Here's what charts suggest

Charts of steel stocks signal further downside, indicating a fall up to 20 per cent in select shares; cement counters indicate a wait-and-watch approach

Stock of this rubber producer company has zoomed 76% in two months

Apcotex hit a record high of Rs 640.30 and rallied 10 per cent on the BSE.