BUSINESS
RENEE Cosmetics to host 'FAB5' task in the Bigg Boss 15 Finale Week
As a part of the activity, life-size cut-outs of all the existing female contestants of the house will be placed. Placed next to them will be neck-tags labeled with 5 good qualities namely Cruelty-Free, Colourful, Must Have, X-Factor, and Strong that resonate with brand RENEE's ethos. The existing male contestants will have to come forward one by one and declare who they think has got these FAB5 qualities to become the winner and place the neck tags on her cut-out.
In-flight pilot's welcome announcement changed for Air India passengers
The pilots were asked to change the welcome announcement,"Dear Guests, this is your Captain (Name) speaking...Welcome aboard this historic flight which marks a special event. Today, Air India officially becomes a part of the Tata Group again, after 7 decades," the welcome speech reads as sent out to all the pilots. Further, the pilots are asked to say. We look forward to serving you on this and every Air India flight with renewed commitment and passion. Thank you."
SpiceJet gets breather as SC stays Madras HC's winding up order for 3 weeks
The apex court bench headed by Chief Justice N.V. Ramana pulled up the airline saying, "If you don't want to run the airlines, we will declare you insolvent. This is not the way to run an airline." The court also asked SpiceJet to try settling with Credit Suisse. Credit Suisse had moved the winding-up petition before a company court claiming that SpiceJet was indebted to it for more than $24 million for maintenance, repair, and overhauling (MRO) the Zurich-based MRO service provider SR Technics.
US economy grows at annualised 6.9% in Q4
"In the fourth quarter, Covid-19 cases resulted in continued restrictions and disruptions in the operations of establishments in some parts of the country," the Department's Bureau of Economic Analysis (BEA) said in a report on Thursday. "Government assistance payments in the form of forgivable loans to businesses, grants to state and local governments, and social benefits to households all decreased as provisions of several federal programs expired or tapered off."
South Korea calls for swift revision of Trump-era steel tariffs
In 2018, the US waived the tariffs on South Korean steel products, but it was in return for a yearly import quota of 2.63 million tonnes of steel, or 70 per cent of Seoul's average steel products export volume over the past three years, reports Yonhap News agency. South Korean Trade Minister Yeo Han-koo made the request to US Trade Representative Katherine Tai during in a bilateral meeting held in Washington on Thursday.
Google acquires 1.28% stake in Airtel, invests up to $1 bn
The $700 million equity investment in Bharti Airtel is at a price per share of Rs 734, while $300 million will go towards investments in scaling Airtel's offerings that cover a range of devices to consumers. "With our future-ready network, digital platforms, last-mile distribution and payments ecosystem, we look forward to working closely with Google to increase the depth and breadth of India's digital ecosystem," said Sunil Bharti Mittal, Chairman of Bharti Airtel.
Indian equities rebound sharply; Sensex, Nifty rise 1%
On Thursday, the sharp losses were because the US Fed's Federal Open Market Committee in its latest meeting held on Wednesday said it was ready to tighten monetary policy. The Federal Open Market Committee kept its policy interest rate "near-zero" and stated its expectation that an increase in this rate would "soon be appropriate". At 10.36 a.m., Sensex traded at 57,888 points, up 1.1 percent or 611 points from the previous close of 57,276 points. It opened at 57,795 points.
Indus Towers' Q3FY22 net profit rises 16%
The consolidated profit after tax of the company rose to Rs 1,571 crore during the quarter under review from Rs 1,360 crore reported for the correponding period of the previous fiscal. Besides, the company's consolidated revenue for the quarter rose by 3 per cent YoY to Rs 6,927 crore from Rs 6,736 crore for Q3FY21.
FM Sitharaman to present Union Budget in paperless form
The Budget will also be available on a bilingual mobile app after it is tabled in the Parliament to provide easy access to all the stakeholders. The app will allow complete access to 14 Union Budget documents, including the Budget Speech, Annual Financial Statement, Demand for Grants, and Finance Bill, among others. Last year, the Union Budget was delivered in a paperless form for the first time.
FM Sitharaman to present Union Budget in paperless form
The Budget will also be available on a bilingual mobile app after it is tabled in the Parliament to provide easy access to all the stakeholders. The app will allow complete access to 14 Union Budget documents, including the Budget Speech, Annual Financial Statement, Demand for Grants, and Finance Bill, among others. Last year, the Union Budget was delivered in a paperless form for the first time.
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