BUSINESS
Winging abroad: AirAsia India expected to soon get international flying permit
At present, only Vistara operates on international routes. The development assumes significance since Tata Sons' subsidiary Talace is expected to soon acquire Air India and Air India Express after conclusion of the share purchase agreement (SPA) with the Centre. Both Air India and Air India Express operate international flights.
Amid pandemic, renewable jobs globally reached 12 mn: IRENA
The report was released by the International Renewable Energy Agency (IRENA) in collaboration with the International Labour Organisation (ILO) at a high-level opening of IRENA's collaborative framework on Just and Inclusive Transitions, co-facilitated by the US and South Africa.
Paytm may directly head for IPO without a Pre-IPO to fast-track listing
The sources told IANS that the company didn't want to add additional steps to the IPO and is mostly directly headed for the market listing. However, the company's plans of shelving the Pre-IPO raise, which isn't yet confirmed, is not related to any valuation differences, said multiple sources aware of the developments.
Global cues buoy indices; realty stocks rise
Accordingly, the key two indices -- S&P BSE Sensex and NSE Nifty50 -- had a gap-up opening. On the global front, Asian markets rose from the morning levels as Evergrande makes overdue bond payment.Among domestic sectors, realty and banks made gains whereas metals' stocks receded. The 30-scrip sensitive index traded at 61,130.79 points around 12 p.m., up 2 07.29 points or 0.34 per cent.
India Inc unscathed for now, but power prospects hinge on coal availability: Report
According to the report, a surge in power demand amid rapidly dwindling coal inventories, higher prices of imported coal, delayed payments to power producers, long dry spells impacting hydro power generation, and maintenance shutdowns at nuclear plants has had a domino effect on the sector in recent months.
Chip shortage not to end before 2023: Intel CEO
Intel CEO Pat Gelsinger told CNBC late on Thursday that he didn't expect the semiconductor shortage to end until 2023. "We're in the worst of it now, every quarter, next year we'll get incrementally better, but they're not going to have supply-demand balance until 2023," Gelsinger was quoted as saying.
Indices open in green as global cues buoy sentiments
Positive Asian markets along with value buying buoyed India's key equity indices during early-morning trade session on Friday. The key two indices -- S&P BSE Sensex and NSE Nifty50 -- had a gap-up opening. The 30-scrip sensitive index opened at 61,044.54 points from its previous close of 60,923.50 points.
Biocon Q2FY22 revenue up by 10% at Rs 1,945 crore
Announcing consolidated financial results for the second quarter ending September 30, 2021, Kiran Mazumdar-Shaw, Executive Chairperson, Biocon and Biocon Biologics, said the factors responsible for the profit reported a growth of 17 per cent and 10 per cent respectively.
Fuel prices on a roll, hiked again by 35 paise/litre
Accordingly, the pump price of petrol in Delhi rose by 35 paise to its highest-ever level of Rs 106.89 a litre while diesel prices also rose by the same margin to Rs 95.62 a litre, according to a price notification of the state-owned fuel retailers. In the financial capital Mumbai, petrol prices have now risen to Rs 112.79 per litre while diesel to Rs 103.7 3 a litre, the highest among all metros.
Economic recovery widened in Q2FY22 as Covid second wave abated: ICRA
In quarterly terms, half of the high frequency indicators recovered above their pre-Covid levels in Q2FY22, it said. In Q1FY22 only three out of the 14 indicators had exceeded the performance in Q1FY20, with activity suppressed by the second wave of Covid-19.
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