BUSINESS
Global cues, FIIs outflows subdue indices; realty stocks down
Accordingly, indices closed lower for the third consecutive session amidst uncertainties on the way ahead for the Russia-Ukraine conflict.Besides, the FIIs were net sellers on BSE, NSE & MSEI in the capital market segment. They net sold Rs 2,529.96 crore worth of equities.On Thursday, they had sold Rs 1,242.10 crore worth of equities.
Volkswagen 'acquiring' Huawei's autonomous driving unit for billions of dollars
According to Germany's Manager Magazin, Volkswagen and Huawei are negotiating a "billion-dollar deal in China". Volkswagen promises "unconventional solutions" for its new market China and "maybe taking over a Huawei subsidiary will help. The talks are ongoing," the report said on Thursday. Huawei and VW China did not immediately comment on the report.
India invites Agri Start Ups, FPOs at EXPO2020 Dubai
Additional Secretary, Ministry of Agriculture & Farmers Welfare, Dr Abhilaksh Likhi assured the Start Ups and Farmer Producer Organisations (FPOs) that they would be considered for providing equity grants, management costs, and other available support measures.Dr Likhi was speaking at the inauguration of 'Food, Agriculture and Livelihood' fortnight at the India Pavilion in EXPO2020 Dubai on Thursday.
Palika Bazaar, Heera Panna, Tank Road on US notorious markets list
For India's physical markets, the USTR has listed markets in Mumbai, Delhi and Kolkata. A major indoor market located at the heart of Mumbai, Heera Panna reportedly offers counterfeit watches, footwear, accessories, and cosmetics. Right holders warn that counterfeit cosmetics sold at this market have health and safety risks.
Equities erase early losses, rise marginally in afternoon trade
"The roller coaster ride in the market will continue till some clarity emerges on the Ukraine issue. The de-escalation in tensions which the market immediately discounted with a sharp up move has now been replaced with re-escalation of tensions on the Ukraine-Russia border and the consequent sharp market down move," said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
US adds Alibaba, Tencent to list of businesses that trade counterfeit goods
The list identifies 42 online sites and 35 physical stores, including e-commerce platforms, run by the firms. The US trade agency says they "engage in or facilitate substantial trademark counterfeiting or copyright privacy". The US and China are in a long-running dispute over trade and technology. "The global trade in counterfeit and pirated goods undermines critical US innovation and creativity and harms American workers," USTR Katherine Tai said.
ED attaches illegal assets worth Rs 25 crore of PPGD Sankar
The Enforcement Directorate (ED) on Friday said that they have provisionally attached benami immovable properties worth Rs 25 crore belonging to the PPGD Sankar against whom 15 FIRs and three charge sheets have been filed by the Tamil Nadu Police in connection with a Prevention of Money Laundering case (PMLA)
Adani Group all set to acquire new 'space' for Thiruvananthapuram airport
According to a source, discussions have reached the closing stages and the deal is all set to be inked in taking over the building, which is presently a functional one. Incidentally, the Adani Group is already engaged in building the Vizhinjam Port, which is located about 15 kms from the airport.
Newsmen Explainer | The fall and fall of ex NSE CEO Chitra Ramakrishna
Chitra Ramakrishna, the former Managing Director and Chief Executive Officer (CEO) of the National Stock Exchange (NSE), was once one of the most celebrated icons of the Indian stock market. But Ms. Ramakrishna has fallen from grace ever since she resigned from the NSE board over allegations of financial misconduct in 2016. Here’s an explainer detailing the rise and fall of Chitra Ramakrishna.
China expresses concern over India's decision to ban its apps, asks New Delhi to ensure ‘non-discriminatory’ policies for foreign investors
“…relevant Indian authorities have taken a series of measures to suppress Chinese companies and their products in India, which have seriously damaged the legitimate rights and interests of Chinese companies… China expressed serious concern about this,” Commerce Ministry spokesperson Gao Feng said. He also expressed concerns about the investment regime in India.
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