BUSINESS
Amazon to start Alexa-based programme for hospitals, senior care
"Early on in the pandemic, hospitals and senior living communities reached out to us and asked us to help them set up Alexa and voice in their communities," Liron Torres, global leader for Alexa Smart Properties, was quoted as saying in an interview. The programme will allow senior living facilities to use Amazon Echo devices to send announcements or other messages to residents' rooms.
Pakistan rupee hits new fresh low as uncertainty looms over IMF talks
The Pakistan rupee has maintained the downtrend for the past five months. It has lost 14.55 per cent to date compared to the 22-month high of Rs 152.27 recorded in May. With a fresh decline of 0.25 per cent, the rupee has depreciated 10.72 per cent (or Rs 16.89) since the start of the current fiscal year on July 1, 2021, data released by the central bank revealed.
Hotel body seeks SEBI's intervention to suspend Oyo's IPO, reject DHRP
In the letter, the FHRAI has claimed that Oravel Stays, the parent company of Oyo, has misrepresented in the draft prospectus and is resorting to unfair, anti-competitive and fraudulent dealings and business practices, which include entering into anti-competitive agreements as well as abusing its dominant position.
Duty, taxes to lift solar tariffs to Rs 2.6 per unit next fiscal
The Indian government has increased the GST on critical components of a solar project such as photovoltaic cells and modules from 5 per cent to 12 per cent, with effect from October 1. This has increased the total taxation on a solar project from 8-9 per cent to 12-13 per cent.
Banking stocks power equity indices' rise; Sensex closes 145 pts higher
Initially, the two key indices had a flat opening but witnessed a strong recovery. On the global front, stocks held their ground after eight consecutive sessions of gains, as traders weighed the prospects of strong corporate earnings in the backdrop of widening inflation risks from multi-year high crude oil prices.
Rental car company Hertz orders 1 lakh Teslas worth $4.2 bn
"Electric vehicles are now mainstream, and we've only just begun to see rising global demand and interest," said Hertz interim CEO Mark Fields. Beginning in early November, customers will be able to rent a Tesla Model 3 at Hertz airport and neighborhood locations in US major markets and select cities in Europe.
China's mobile phone shipments reach 249 mn units in Jan-Sep
In September, the country's mobile phone shipments dropped 8.1 per cent year-on-year to reach 21.44 million units, said the CAICT, a research institute under the China's Ministry of Industry and Information Technology. A total of 58 new models were released in September, down 3.3 per cent during 2020, the data showed, reports Xinhua news agency.
Fuel price hike paused after 5 days of increase
The country witnessed the highest-ever level of petrol and diesel prices in the month of October. Fuel prices remained constant on October 18 and 19 but it witnessed a hike for four consecutive days thereafter. After the price rise for five consecutive days between October 20 to 24, it was paused on October 25.
Nissan, Porsche face action over false emissions information
According to Korea Fair Trade Commission (KFTC), these auto companies allegedly shared misleading information regarding the gas emission mechanism of their diesel vehicles which were imported for sale in South Korea. Thereafter, KFTC imposed a fine of 173 million won ($146,700) on Nissan Korea.
Markets back in green; banking stocks rise
Initially, the Nifty opened flat and started to fall in the first few minutes of the trade. However, the key indices pared losses around the pre-noon session. In terms of sectors, bank index is the largest gainer whereas Realty, Auto, IT and FMCG have lost the most so far. At 11.30 a.m., the 30-scrip sensitive index traded at 60,959.72 points, up 138.10 points or 0.23 per cent. The Sensex opened at 61,398.75 points from its previous close of 60,821.62 points.
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