BUSINESS
Cancel culture grips Africa against Chinese investment
China is increasingly finding itself in a tight corner as most of its projects getting scrapped in Africa are part of ambitious Belt and Road Initiative (BRI) and this is what worries Beijing the most, The Singapore Post reported recently.
Amazon's denial of high legal expense in India raises more Qs than As
This is out of the total expense of Rs 1,967.5 crore shown as "legal professional charges" in financial statements of Amazon Seller Services Private Limited as sourced from the website of Ministry of Corporate Affairs. Amazon Seller Services Private Limited is among the myriad subsidiaries the company operates in India.
Bull-run: Sensex crosses 60k-mark; realty stocks rally
The 30-scrip sensitive index crossed the milestone just after the pre-open session on the back of a rally driven by large caps with many index heavyweights touching their respective highs. The Sensex opened at 60,158.76 points from its previous close of 59,885.36 points. It took only 42 days to gain the last 5,000 points.
PM meets American CEOs, extends invitation for larger investment in new tech
He held one-on-one meetings with the CEOs of semiconductor and wireless technology manufacturer Qualcomm, software major Adobe, renewable energy firm First Solar, arms manufacturer General Atomics and investment management company Blackstone. He said Qualcomm may look at India as it builds a resilient supply chain for semiconductors if necessary infrastructure are provided in the country.
After meeting Modi, CEOs see high potential for India to attract investments
"Because of the necessity to diversify and build a very resilient supply chain for semiconductors, we believe India could be an important destination for manufacturing," Qualcomm CEO Cristiano Amon told reporters in Washington after his meeting with Prime Minister Modi on Thursday. Speaking at the UN on Tuesday, Biden has said that the Quad would be elevated to meet challenges in emerging technologies, among others.
RBI to purchase Rs 15K cr of securities under G-SAP 2.0
The open market purchase was announced by the RBI after the Monetary Policy Review meeting held in June. The RBI's recent G-SAP auctions have focused on securities across the maturity spectrum with the intention to ensure that all segments of the yield curve remain liquid.
Modi meets with Qualcom CEO to highlight hi-tech opportunities
After their meeting, the Prime Minister's Office tweeted that they "had a productive interaction. PM Modi highlighted the vast opportunities India offers. Mr. Amon expressed keenness to work with India in areas such as 5G and other @_DigitalIndia efforts". It added that they discussed "investment opportunities in hi-tech sectors in India.
NFRA's audit quality review finds fresh faults with ITNL's statutory auditors
In its Audit Quality Review (AQR) report on the statutory audit of ITNL, the NFRA has not only termed the initial appointment of SRBC & Co LLP, and its continuation as statutory auditor, of ITNL as illegal and void, but has also questioned the audit firms' failure to appropriately and sufficiently evaluate the use of the going concern basis of accounting by the management and thus, missing out on registering the implications thereof in the auditor's report.
Companies given 2 more months to hold their AGMs
The extension is being given on account of the wave of disruptions caused by the second wave of Covid and lockdowns in various parts of the country. Several companies had approached the Ministry of Corporate Affairs for this relief to enable them to comply with statutory provisions contained in the Companies Act.
Vistara to operate Delhi-Paris flight from November 7
The airline will operate these flights as part of the bilateral 'transport bubble' agreement between India and France. The airline will fly twice a week between the two cities -- on Wednesdays and Sundays. "We are very pleased to commence flights to Paris, a step that reflects our commitment to growing our global network," said Leslie Thng, Chief Executive Officer, Vistara.
Don't Miss
Advertisement