BUSINESS
Has IPO-bound OYO regained trust of its hotel partners?
The company has recently been affected by some of its hotel partners publicly complaining, filing cases and even writing to the regulator.
Budget FY23: Realty seeks incentives on home loans, rental income, GST cut on inputs
After facing strong headwinds during the initial days of the pandemic, the real estate sector has largely managed to come out of the turbulent clouds in 2021. To keep the momentum intact in the high-growth potential realty sector, several developers have requested the government to provide incentives on taxes (both principal and interest) for home loans, on the rental housing segment, and extend some concessions on income from renting of housing properties.
Equities decline on Friday after five consecutive sessions of gains
Notably, indices had been gaining for the past five trading sessions. At 10.28 a.m., Sensex traded at 60,986 points, down 0.4 per cent from the previous close of 61,235 points. It opened at 61,040 points.
FTA offers huge benefits for British businesses: Boris Johnson
Ahead of the launch of the FTA negotiations, British Minister Boris Johnson said: "A trade deal with India's booming economy offers huge benefits for British businesses, workers and consumers. As we take our historic partnership with India to the next level, the UK's independent trade policy is creating jobs, increasing wages and driving innovation across the country."
Shortages at US grocery stores increasing: state media
The shortages impact produce, meat, and packaged goods such as cereal, the report said, adding that the shortages are widespread and are being reported nationwide, Xinhua news agency reported. US groceries typically have 5 to 10 per cent of their items out of stock at any given time and currently the unavailability rate is hovering around 15 per cent, the Consumer Brands Association President and CEO, Geoff Freeman was quoted as saying.
India's share of global merchandise exports at an all-time high
Gains in commodities may not last, but momentum should persist in electronics (large market size, opportunities for share gains, policy support) and specialty chemicals (a decade of steady growth has brought scale to firms).
KFC faces boycott in China for encouraging excessive purchase of meal sets
The China Consumers Association (CCA) says the promotion sent some customers into a buying frenzy. KFC launched the promotional campaign last week with Pop Mart, a Chinese toy maker known for its mystery boxes.
US fundraise at highest since 2003 to beat interest rate hikes
In the early days of the year, corporations have been racing to issue debt. Their aim is to tap the market before the Federal Reserve starts hiking interest rates, which have been near zero since the start of the pandemic, the report said.
Global economy projected to grow by 4% in 2022, 3.5% in 2023: UN report
The UN WESP 2022 was launched on Thursday. The report said that the global economic recovery is facing significant headwinds amid new waves of Covid-19 infections, persistent labor market challenges, lingering supply-chain challenges and rising inflationary pressures.
The robust recovery in 2021 -- driven by strong consumer spending and some uptake in investment, with trade in goods surpassing pre-pandemic levels -- marked the highest growth rate in more than four decades, the report highlighted.
'India's recovery is on a solid path', is world's top economic performer: UN report
The UN's annual World Economic Situation and Prospects (WESP) report estimated the growth rate of India's gross domestic product (GDP) at 9 per cent last year and forecast it to moderate to 6.7 per cent this year and 6.1 per cent next year but still retain the highest growth rates among the large economies.
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