BUSINESS
California average gas prices set new record for 2nd straight day
According to the American Automobile Association (AAA), the average price for regular gasoline was $4.676 per gallon on Sunday, which already beat the state's previous record of $4.671 set in October 2012, reports Xinhua news agency.
At $9.2bn, India registers highest amount of M&A deals in Oct 2021 since 2015
The month of October witnessed a 11 per cent rise in deal activities as compared to September 2021 and the deal volumes have also doubled on a year-on-year (YoY) basis, according to Grant Thornton Bharat Dealtracker. The October M&A numbers were positively impacted by the acquisition of Air India by Tatas, and deals in start-up and IT sectors, the Dealtracker said.
Indian merchandise exports up by 43%; Imports rise 62% in October 2021 on YoY basis
Exports during October 2020 stood at $24.92 billion. October 2021 exports were higher by 35.89 per cent in comparison to the exports made in October 2019, as per the official data. The non-petroleum, non-gems and jewellery exports in October 2021 stood at $26.09 billion, while in October 2020 it stood at $20.43 billion which signifies a positive growth of 27.75 per cent, the ministry said
India's Oct wholesale price inflation rises to over 12%
The annual rate of inflation, based on wholesale prices, rose to 12.54 per cent last month from 10.66 per cent in September. Similarly, on a YoY basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry has risen exponentially over October 2020, when it stood at 1.31 per cent.
Union Finance Minister Nirmala Sitharaman interacts with CMs, FMs to step up investment, growth
The meeting was attended by the Chief Ministers of Assam, Chhattisgarh, Goa, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Tripura and Uttar Pradesh, along with the Lt Governors of Jammu and Kashmir, and Deputy Chief Ministers of Arunachal Pradesh, Bihar, and Delhi.
2 days after PM Modi's meet, parliament panel discusses crypto currency
After listening to the stakeholders' views, the majority of the members were of the opinion that the advent of digital currency is inevitable but it cannot go ahead without regulation. The Parliamentary panel, headed by former BJP MP Jayant Sinha met to discuss 'Hearing of views of Associations/Industry experts on the subject 'Crypto Finance: Opportunities and Challenges.'
India to step up oil exploration, production in very big way: Hardeep Puri
"As far as the government of India is concerned, we are going to step on the accelerator in terms of exploration and production in a very big way," Puri said after opening the India pavilion at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) on Monday. India will double its oil and gas exploration acreage in the northeast part of the country.
Petrol, diesel prices remain static
Accordingly, petrol and diesel prices remained unchanged for 11th consecutive day under the daily price revision mechanism followed by oil marketing companies. The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on November 4, remained at the same level on Monday
Future Retail says Amazon misrepresented to CCI, seeks cancellation of FCPL deal
"We, as independent directors of Future Retail Limited (FRL), have inspected and examined the pre-contractual negotiation related records in connection with Amazon's investment in Future Coupons Private Limited (FCPL) which has been recently come to FRL's knowledge as part of court filing," the letter to CCI Chairman Ashok Kumar Gupta said.
Online payments during China's Singles' Day hit $3.48tn
Payment services were safe, efficient and convenient, and the scale of related business, as well as residents' consumption, increased steadily during the shopping festival, according to the central bank. The Singles' Day shopping festival was first initiated by Alibaba on November 11, 2009, and has since become one of the world's largest online shopping sprees.
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