BUSINESS
Bankers strike call for 16-17 Dec stands: AIBEA
He said the adjourned conciliation meeting called by the Additional Chief Labour Commissioner was held on Tuesday between the bank unions, Indian Banks Association (IBA) and the Government in Delhi. The Government representatives and IBA could not give any assurance on deferring the introduction of the Bill in Parliament. "Hence the strike on December 16-17 stands. The conciliation meeting was adjourned for Wednesday," Venkatachalam said.
Amazon may expand its grocery delivery business: Report
The company has spent much of the last year trialling a product known internally as Amazon Fresh Marketplace, Engadget reported on Tuesday, citing The Information. The service allows UK Prime subscribers to order groceries from two major supermarket brands, with same-day delivery fulfilled by the company's Flex drivers. "In 2022, Amazon reportedly plans to bring the service to the US and the majority of Europe," the report said.
Equities settle negative as auto, financial services stocks slump
The indices traded lower all throughout the session on Tuesday. The decline was primarily led by auto, financial services, realty stocks, among others. Lately, Indian equities have witnessed a continued sell-off by overseas investors.
India's WPI inflation surges to 14.23% in November: Govt data
India wholesale inflation rose to 14.23 per cent in the month of November this year, according to data released by the Ministry of Commerce & Industry. The November wholesale inflation on both sequential and year-on-year (YoY) basis was largely impacted by the commodity price hike of food items and manufactured products in the country.
Gautam Adani signs world's largest Green PPA with SECI to supply 4,667 MW green power
The Chairman of the Adani Group also said that he is pleased to have signed the world's largest PPA with SECI. Gautam Adani further said that this deal is yet another step to promote India's ambitions of achieving climate goals and promoting domestic manufacturing.
India's Nov retail inflation sequentially inches up to 4.91%
As per the data, CPI inflation jumped to three-months high of 4.9 per cent which was led by higher core inflation. Data furnished by the National Statistical Office showed that Consumer Price Index (CPI) inched up to 4.91 per cent last month from 4.48 per cent in October 2021. However, on YoY basis, the rise in last month's retail inflation was lower than the 6.93 per cent rise recorded for November 2020.
Employment outlook at a record high of 8 years
Employers in large organisations report the most optimistic outlook with 51 per cent intending to hire in the first quarter compared to 25 per cent in small companies. Employers in the North report the strongest hiring intentions for Q1 followed by South and West. To provide a wider coverage of the market segments, ManpowerGroup has included four new sectors in this report like IT and Technology, Primary Production, Restaurants and Hotels and Not for Profit increasing the overall number of industry sectors' analysis from seven to eleven.
Equities decline in early trade; Hindustan Zinc top loser
The S&P BSE Sensex traded at 58,106 points, down 0.3 per cent. It opened at 58,059 points from the previous close of 58,283 points. Till now it touched a low of 57,843 points.
India, UAE to wrap up CEPA by next month: Goyal
Addressing the India Global Forum UAE-2021 through video conference, he said: "Hopefully by the end of this month or next month, we hope to conclude them (the negotiations) so that this would probably be one of the fastest trade agreement between two countries ever made." Besides, he said the agreement will be a mutually beneficial win-win solution for both countries.
Apple's market value inches closer to $3 trillion
Apple's stocks on Monday had the closing price of $175.74 a share and to reach the record of $3 trillion in market value, the company needs to gain 4% on the closing price of Monday, Hindustan Times reported. The 4% gain will increase the per-share value to around $182.86, the report added.
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