BUSINESS
India on track in transition from fossil-fuel to green economy : Union Minister Hardeep Puri
"What is happening (right now) in India is truly remarkable. In the coming decades, the transition from a fossil-fuel based economy to a green economy will come from within the existing structure, and the oil companies will facilitate that," said the minister while interacting with the media at Expo 2020 Dubai's India Pavilion.
India should aim to achieve over $10 bn leather exports by 2025: Piyush Goyal
Goyal made these remarks while addressing an event of the Council for Leather Exports (CLE). He said that he feels "very satisfied" that the leather industry is aiming to grow at least $10 billion by 2025, though it provides only a growth rate of about 15-17 per cent. The minister also said that the industry has the potential to aim for even higher targets.
Netflix reveals viewing figures, ends 14 years of secrecy after shareholder pressure
Netflix was founded in 1997 by Reed Hastings and Marc Randolph in California. Netflix initially both sold and rented DVDs by mail, but the sales were eliminated within a year to focus on the DVD rental business. In 2007, Netflix had introduced streaming media and video on demand.
Glasgow impacts 80% of global coal pipeline: Analysis
With several net zero pledges announced, 95 per cent of the existing global coal power fleet is committed to carbon neutrality. The Glasgow climate summit has had a significant impact on existing and new coal power across the world. Coal is the single largest contributor to carbon emissions.
EV push powers TaMo's DVR, pent-up demand raises parent's shares
At present, Tata Motors has two listed stocks—Tata Motors ordinary and Tata Motors DVR. The primary difference between the two lies in the voting rights of their respective investors.
Housing sales exceeds new supply, black money deals down 75-80% post demonetisation
Despite the confusion and uncertainty immediately after demonetisation, the negative impact has receded after a major market derailment within the first year of its announcement. "In the pre-DeMo period, new supply outstripped housing sales - whereas, in the post-DeMo period, housing sales overtook new supply in the top 7 cities", said Anuj Puri, Chairman - ANAROCK Group said Puri.
Petrol, diesel prices steady amid drop in global crude rates
The fuel prices had last gone down when the Central government had reduced the excise duties on Diwali eve. The pump price of petrol in Delhi had dropped to Rs 103.97 a litre on November 4, while it was Rs 110.04 a litre the day before.
AnyDesk raises $70 mn at Series C funding, valuation reaches over $600 mn
As the usage of laptops and computers have significantly increased, AnyDesk recorded more than 500 million downloads and 900 million sessions each month on average. The funding round was led by General Atlantic, with existing investors Insight Partners, EQT Ventures, and Possible Ventures also participating, TechCrunch reported.
Rakesh Jhunjhunwala backed Akasa Air orders 72 Boeing 737 MAX aircraft worth $9 bn
The order includes two variants from the 737 Max family, the 737-8 and the high-capacity 737-8-200. The new 737 MAX airplane will support the aim of running not just a cost-efficient, reliable and affordable airline, but also an environmentally friendly company with the youngest and greenest fleet in the Indian skies, said the Akasa Air CEO Vinay Dube.
Pharma sector to witness moderate revenue growth in 2021-22: Crisil
Sluggish exports, weak support from Covid-19 vaccine opportunities, and a slow pick-up in demand in the domestic formulations market as some of the reasons behind the possible degrowth, according to the agency.
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