BUSINESS
India's Q3CY21 YoY gold demand up 47%: WGC
Accordingly, the demand for gold in India for Q3CY21 rose 139.1 tonnes from 94.6 tonnes reported for the corresponding quarter of the previous year. Besides, the country's Q3FY21 gold demand value rose 37 per cent to Rs 59,330 crore on a YoY basis.
U.S. businesses face labour shortage amid Covid-19: Singaporean media
This happened although millions of Americans who lost their jobs to the pandemic have returned to work, said CNA, a local English language Asian news network. Official data showed that more than 10 million jobs were unfilled at the end of August, said the CNA report.
China now rations diesel as drivers wait for days to refuel
Some truck drivers are having to wait for days to refuel, according to posts on social media site Weibo, the report said. China is currently in the midst of a massive power crunch, as coal and natural gas shortages have closed factories and left homes without power. And this latest issue is only likely to contribute to an ongoing global supply chain crisis, say analysts, the report added.
SC rejects Bharti Airtel's plea of Rs 923 cr refund in GST returns
A bench comprising justices A.M. Khanwilkar and Dinesh Maheshwari said: "the direction issued by the High Court being in the nature of issuing writ of mandamus to allow the writ petitioner to rectify Form GSTR-3B for the period from July to September 2017, in the teeth of express statutory dispensation, cannot be sustained".
Equities plunge on fund outflows; realty stocks sink
Accordingly, both the key indices ended the day's trade nearly 2 per cent lower from their previous closing mark, respectively. In the process, the Sensex plunged over a 1,000 points. It touched an intra-day low of 59,777.58 points. Besides, Nifty fell the most in the last 6 months. The FIIs sold Rs 3,818.51 crore on BSE, NSE & MSEI in the capital market segment.
Adani Green's operational capacity increased by 93% to 5,410 MW
Continued growth in EBITDA from Power Supply and Cash Profit is supported by increase in revenues and cost efficiencies brought in through analytics driven O&M. AGEL's overall renewable portfolio increases to 20,284 MW on account of completion of acquisition of SB Energy's India Renewable portfolio of 4,954 MW, which includes 1,700 MW operational assets and award of 450 MW Wind project from SECI in Oct 2021.
Winter schedule 2021: Down 4% from pre-pandemic levels
The Winter Schedule is effective from October 31, 2021 till March 26, 2022. Accordingly, the Directorate General of Civil Aviation (DGCA) approved a winter flight schedule of 22,287 flights. The Winter Schedule-2019 had an approved flight roster of 23,307 flights. "It may be noted that 22,287 departures per week have been finalised to and from 108 airports," the DGCA said.
99% of Indian firms adopt hybrid Cloud amid cyber risks: Report
Only 3 per cent of respondents reported using a single private or public cloud in 2021, down from 29 per cent in 2019 -- establishing hybrid cloud as the dominant IT architecture, according to the report by IBM Institute for Business Value (IBV) in cooperation with Oxford Economics. The findings also indicated that cyber threats are at an all-time high and infrastructure complexity is creating cracked doors that cybercriminals are exploiting.
Xiaomi-led Chinese brands capture 74% of India's smartphone market
Xiaomi led the market with a 22 per cent shipment share while Samsung captured the second spot with a 19 per cent share. Samsung led the mid-to upper-tier price segment (Rs 10,000-Rs 30,000) with a 25 per cent market share while OnePlus registered its highest ever shipments in India (Its Nord series cumulative shipments crossed 3 million units), according to the report from Counterpoint Research.
Different goods, services required to sustain export growth: Ind-Ra
Accordingly, the Indian export basket in 1HFY22 consisted of a healthy mix of both labour-intensive and high-value manufactured items. However, the ratings agency said that it will not be easy to maintain the current export growth momentum, as the stimulus-induced demand in developed economies might normalise in 2022. "Also, the political backlash against globalisation, which became pronounced 2012-2013 onwards, but has taken a backseat lately due to the C19 pandemic, may resurface."
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