BUSINESS
IndianOil to set up India's first mega-scale maleic anhydride plant
The project with a capex of Rs 3,681 crore will be commissioned in 54 months from stage 1 investment approval. The project is proposed to have a capacity of 120 KTA (kilo tonnes per annum) of maleic anhydride (MAH) that is used to make speciality products like polyester resins and surface coatings, plasticisers, agrochemicals, and lubricant additives.
Oil prices rise as traders await OPEC+ meeting
The West Texas Intermediate for December delivery added 48 cents to settle at 84.05 US$ a barrel on the New York Mercantile Exchange. Brent crude for January delivery increased 99 cents to close at 84.71$ a barrel on the London ICE Futures Exchange.
United State manufacturing sector sees robust growth in October despite supply chain bottlenecks
The Purchasing Managers' Index (PMI) stood at 60.8 per cent, down 0.3 percentage point from the September reading. Any reading above 50 per cent indicates the manufacturing sector is generally expanding. They noted that the largest gains came from two components that "continue to be at the center" of supply issues: prices paid and supplier deliveries.
India's Oct exports rise over 42%, imports over 62%
Exports in October 2020 had stood at $24.92 billion. According to data furnished by the Ministry of Commerce and Industry, in comparison to October 2019, last month's exports rose by 35.21 per cent. As per the data, India's merchandise imports last month increased by 62.49 per cent to $55.37 billion over $34.07 billion in October 2020.
Global cues, healthy data lift sentiments; equity indices rise
Accordingly, both the key equity indices - S&P BSE Sensex and NSE Nifty50 - gained over 1 per cent during the day's trade session. Besides, data points such as IHS Markit India Manufacturing Purchasing Managers' Index and Goods and Service Tax (GST) collections for October indicated a strengthening of economic recovery.
I-T Department rolls out new Annual Information Statement
The new AIS can be accessed by clicking on the link "Annual Information Statement (AIS)" under the "Services" tab on the new Income Tax e-filing portal. The display of Form 26AS on TRACES portal will also continue in parallel till the new AIS is validated and completely operational.
Barclays chief Jes Staley in shock exit after Epstein probe
The City watchdog and Bank of England have been investigating if Staley's relationship to the dead financier was closer than first thought. Barclays said it had been made aware of the conclusions of the probe and "Mr Staley's intention to contest them". Regulators began investigating after getting a cache of emails between the men from Staley's former employer.
UPI transactions cross $100 bn for 1st time in October
In the month of October that saw record festive shopping across e-commerce platforms, digital payments witnessed 4.2 billion UPI transactions in total. In September, the NPCI recorded digital payments worth Rs 6.54 lakh crore via 3.65 billion UPI transactions.
Maruti Suzuki's Oct total sales down by over 24%
Total sales fell to 138,335 units in October 2021 from 182,448 units sold during the corresponding period of last year. Besides, the company's total domestic sales including passenger and commercial vehicles in addition to off-take by other OEM fell during the month under review.
Elon Musk will sell Tesla stock if UN can prove it will 'solve world hunger'
Speaking to CNN, David Beasley, the director of the UN's World Food Programme (WFP), called on Musk and Jeff Bezos (the second richest person on the planet) to reconsider where they are putting their money. "$6 billion to help 42 million people that are literally going to die if we don't reach them. It's not complicated," he had said.
Don't Miss
Advertisement