BUSINESS
Petrol, diesel price rise on hold after 4 consecutive days of hike
Benchmark crude prices have settled at a tad lower level of $ 79 a barrel now after shooting over a three-year high level of $ 80 a barrel early last week. This has given some room to OMCs to halt fuel price rise. With no change in fuel prices, diesel continues to be priced at Rs 90.77 per litre while petrol maintains its priceline at Rs 102.39 a litre in Delhi.
Equity indices trade in green; Sensex up over 700 points
Accordingly, the two key indices had a gap up opening and continued to march higher. Sector-wise, Telecom, Healthcare, IT and Banks gained the most, whereas Metals lost the most. Consequently, the 30-scrip sensitive index traded at 59,513.83 points around 10.50 a.m., up 748.25 points or 1.27 per cent.
SpiceJet restores employees' salaries to pre-Covid levels
The airline paid full salaries for the month of September to employees. Besides, salaries were disbursed on the last day of the month, as had been the practice during pre-Covid days. "From September 2021, the company has also reverted back to paying salaries in one go instead of paying it in two parts," the airline said in a statement.
Adani Green Energy closes India's largest renewables M&A deal
With this deal, SB Energy India is now a 100 per cent subsidiary of AGEL. Earlier, it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group.The transaction pegs SB Energy India at an enterprise valuation of USD 3.5 Billion (Rs 26,000 crore) and marks the largest acquisition in the renewable energy sector in India.
Vestige becomes industry pioneer to support project on formal direct selling education
A dynamic and innovation-led centre of learning, Shoolini University was established in 2009 by leading academicians and professionals. It is a not-for-profit multi-disciplinary private university with a unique research and innovation-led model, and offers a range of undergraduate, post-graduate and doctorate programmes. It has consistently been ranked among India's top universities as per MHRD NIRF.
Evergrande trading suspended as major announcement awaited
The crisis at the world's most indebted property developer has triggered fears that its potential collapse could send shockwaves through global markets. The firm said the trade halt came ahead of "an announcement containing inside information about a major transaction".
Aircraft under bridge: Air India says plane sold earlier
According to an airline official, older aircraft are generally sold-off to scrap dealers who salvage metals out of the hull. Besides, the transportation by road is the responsibility of the new buyer and the airline has no connection with the incident, the official said. Besides, the transportation by road is the responsibility of the new buyer and the airline has no connection with the incident, the official said.
BetterPlace acquires Oust Labs to upskill 10 cr workers
BetterPlace recently raised $24 million in Series C funding from multiple investors, like CX Partners, Jungle Ventures, CDC Group, Capria Ventures and 3One4 Capital, among others. "We are thrilled to welcome Oust as part of the BetterPlace family and help organisations and employees achieve efficiency and excellence. We will make it available to 1,000+ of our enterprise customers and their massive distributed workforce," said Pravin Agarwala, CEO, Co-Founder, BetterPlace.
Equity indices trade in green; Sensex up over 500 points
Accordingly, the 30-scrip sensitive index traded at 59,299.14 points around 9.50 a.m., up 533.56 points or 0.91 per cent. The Sensex opened at 59,143 points from its previous close of 58,765.58 points. Besides, the NSE Nifty50 traded at 17,673.25 points, up by 141.20 points or 0.81 per cent.
Global app revenue climbed 15% y/y in Q3 2021 to nearly $34bn
According to Sensor Tower Store Intelligence data reveals, the mobile market has experienced continued lift during the ongoing pandemic, although year-over-year growth has slowed since the initial surge in adoption and spending in Q2 2020 at the onset of the Covid-19 pandemic.
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