BUSINESS
China power crisis causes sudden contraction in factory activity
A closely watched survey released on Thursday showed that China's factory activity contracted in September for the first time since the pandemic took a grip in February 2020.
Auto fuel prices rise simultaneously after a day's break
Accordingly, diesel prices increased by 30 paise per litre in the national capital to Rs 89.87 per litre on Thursday while petrol prices increased by 25 paise per litre to Rs 101.64 a litre, according to Indian Oil Corporation, country's largest fuel retailer. Diesel prices have now increased for five days in the last one week taking up its retail price by Rs 1.25 paise per litre in Delhi.
Adani Green Energy to acquire 40 MW solar project in Odisha
The AREMHL has signed definitive agreements with Essel Green Energy Pvt Ltd to acquire 100 per cent economic value in a special purpose vehicle (SPV) that owns the solar project in Odisha, the company said in a statement on Thursday. The project has a long-term Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for Rs 4.235 per unit, with remaining PPA life of about 22 years, the company said.
ECGC targets to get listed by end of FY23
ECGC promotes exports by providing credit insurance services to exporters against non- payment risks by the overseas buyers due to commercial and political reasons. It also provides insurance covers to banks against risks in export credit lending to the exporter borrowers. The ECGC's products support around 30 per cent of India's merchandise exports.
LG Electronics to post solid Q3 earnings on home appliance biz: Analysts
The South Korean tech giant was projected to log a record 18.3 trillion won ($15.4 billion) in sales in the July-September period, up 8.2 per cent from a year earlier, on a consolidated basis, while its operating profit was estimated to jump 16.9 per cent on-year to 1.1 trillion won over the period, according to the data from four local brokerage houses compiled by Yonhap Infomax, reports Yonhap news agency.
Equity indices trade flat; global cues dent sentiments
The broder NSE Nifty50 traded at 17,698.50, down by 12.80 points or 0.072 per cent after opening at 17,718.90 from its previous close of 17,711.30.
US stocks open higher after prior session's rout
Shortly after the opening bell, the Dow Jones Industrial Average climbed 101.18 points, or 0.29 per cent, to 34,401.17. The S&P 500 added 15.13 points, or 0.35 per cent, to 4,367.76. The Nasdaq Composite Index rebound 71.89 points, or 0.49 per cent, to 14,618.57, Xinhua news agency reported.
Appointment of Yasir Al Rumayyan has no connection with the contemplated transaction with Saudi Aramco: RIL
RIL has been and shall continue to adhere to the best practices of Corporate Governance in all matters including appointment of independent directors, the company said in a communication to proxy advisory firms.
SL bans China manufactured 'orgnaic' fertiliser after detection of bacteria again
Director General (DG) of Agriculture, Ajantha De Silva, on Wednesday urged the government to cancel the fertiliser contract with China and insisted that he would never allow organic fertiliser with harmful bacteria to enter the country.
Invesco moves NCLT against Zee for not holding EGM, ZEEL terms move premature
Invesco and OFI Global have moved the NCLT under Section 98 (1) & 100 and has sought its intervention to get ZEEL to call an EGM. Apart from inducting its nominee on the board, Invesco also want shareholders nod at the EGM to remove ZEEL's current CEO and MD, Punit Goenka. Goenka is son of Essel group patriarch, Subhash Chandra, and the family currently owns only 4 per cent stake in the company.
Don't Miss
Advertisement