BUSINESS
Supreme Court permits Hindustan Zinc disinvestment, orders CBI probe into irregularities
A bench comprising justices DY Chandrachud and BV Nagarathna took objection to the closure of preliminary inquiry by the Central Bureau of Investigation (CBI) in the HZL disinvestment during 1997-2003. "There is no bar on the constitutional power of this Court to direct the CBI to register a regular case, in spite of its decision to close a preliminary enquiry," said the bench.
Indo-US trade on track to surpass $ 145 bn in 2021: US Consul General
Judith Ravin, participating in the conclave which has been a new initiative under BTS. said the growth in Indo-US economic ties had been extraordinary and the 2021 data indicate a strong rebound. She said if it continues, the countries would be on track to exceed 2019 numbers.
UK inflation for October 2021 rises to 4.2% , highest in a decade
The annual growth rate in September 2021 was 3.1 per cent which later elevated to 4.2 per in October, it disclosed. With a 2 per cent target for inflations in Bank of England (BoE), the inflations recorded have hiked to more than double the set mark, the Xinhua news agency reported citing ONS data.
India's Oct YoY retail sales fall on supply shortage, cost pressures: FADA
Accordingly, the data released by the Federation of Automobile Dealers Associations (FADA) showed a fall of 5.33 per cent during the month under review from October 2020. The vehicle retail sales fell to 13,64,526 units last month from 14,41,299 units sold during the corresponding month of 2020.
Consumers relieved as fuel prices remain static for the 14th day in a row
The pump price of petrol in the national capital Delhi on Thursday remained steady at Rs 103.97 a litre and diesel prices at Rs 86.67 a litre. The fuel prices had last gone down when the Central government had reduced the excise duties on Diwali eve, November 4.
Google to collaborate with India and help startups emerge stronger: Rajeev Chandrasekhar
He made these remarks while addressing the seventh edition of the 'Google for India' virtual event and inviting Google to help the nation realize its $1 trillion digital economy goal by 2025. Chandrasekhar also said the partnership will serve as a great example to exhibit how the government and industry can work together to promote the growth of local businesses.
Markets open on positive note; Zomato, Asian Paints in green
At 9.30 a.m., the S&P BSE Sensex of the BSE traded at 60,166.86 points, up 0.26 per cent. It opened at 60179.93 points from the previous close of 60,008.33 points. Till now it touched a high of 60,167.00 points and a low of 59,936.24 points.
Fund outflows, valuation concerns dampen indices; realty stocks down
The FIIs sold Rs 344.35 crore on the BSE, the NSE and the MSEI in the capital market segment during the day's trade. Initially, both the key equity indices opened on a lower note from their respective previous closing marks.
Cabinet approves telecom infra plan for over 7K aspirational villages
Accordingly, the Central government aims to cover 7,287 "uncovered villages" of 44 aspirational districts with 4G services, with an estimated cost of about Rs 6,466 crore. The estimated outlay also includes operational expenses for five years.
SpiceJet enters into agreement with Boeing on 737 Max grounding claims
Boeing has agreed to provide certain "accommodations and settle the outstanding claims" related to the aircraft's grounding and its return to service in the agreement, according to the airlines. The Max aircraft that the airline is referring to, has been grounded for over two years in India.
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