Newsmen Business Desk

Sivakasi, a city in the Virdhunagar district of Tamil Nadu, also the epicentre of the firecracker industry has taken a massive hit just days before Diwali owing to ban of firecrackers in several parts of India including the capital.

In the aftermath of Covid-19 almost every industry has gone downhill, but the automotive sector took one of the hardest hits. 

The facility is situated across an area of nearly 50,000 square feet and it will support Flipkart's ability to deliver a wide selection of grocery products to consumers in the cities of Lucknow, Kanpur and Allahabad. This is the e-commerce major's first grocery centre in Uttar Pradesh.

Calender year 2020 has been a year of change of trends in many ways, as compared to a narrow market movement of CY2018 & CY2019, the market rally is much more broad-based in CY2020, the BSE Small-Cap index has gained more than 12 per cent v/s the large-cap indices (Sensex & Nifty) flat for last eleven months.

The brand signings declined by 19 per cent in Q3 2020 over Q3 2019 in inventory volume. However the industry got greater number of keys signed by international operators than domestic ones, states JLL's Hotel Momentum India (HMI) Q3 2020.

Apart from that, quarterly results that are better-than-expected, faster economic recovery as per high-frequency data, and development of a Covid-19 prevention vaccine that has reached an advanced stage which helped in boosting buyers' sentiments.

The Federation of Automobile Dealers Associations data showed that vehicle registration in October rose to 14,13,549 units from 13,44,866 units sold in September.

The Sensex was trading at 41,594.21, higher by 254.05 points or 0.61 per cent from the previous close of 41,340.16 at around 10.40 a.m. It opened at 41,438.76 and has so far touched an intra-day high of 41,666.92 and a low of 41,383.29 points.

The sale proceeds will be accretive to the regulatory net worth and the CRAR of the company, Indiabulls Housing said in a regulatory filing.

In a bid to reinvent and necessarily, efficiently innovate factories around China, Alibaba is all set to transform the country's outdated factories. It had been conducting a secret experiment on the outskirts of its hometown of Hangzhou.