BUSINESS
Tata Lockheed Martin delivers 150th C-130J Super Hercules empennage
TLMAL, a joint venture between Tata Advanced Systems Limited (TASL) and Lockheed Martin Aeronautics, was established in 2010 in alignment with the Indian Air Force's acquisition of its first six C-130J 30 Super Hercules airlifters. The event to mark 150th delivery was held at TLMAL facility at Adibatla in Hyderabad and was attended by Telangana's minister for industries and information technology K. T. Rama Rao and senior officials from the state government and TLMAL.
OYO increases its ESOP pool by 41%
The company has added 20 crore shares of the face value of Re 1 to the existing ESOP pool taking it to a total of 63 crore shares, according to a filing with the Registrar of Companies (RoC). Market participants are expecting OYO to be valued between $14-16 billion at the time of its IPO which will value its increased ESOP pool at over $1 billion.
Adidas launches first flagship store in India - The Home of Possibilities
Spread in 5,900 sq ft of retail area across 4 floors, the store's concept is brought to life inspired from the brand's 'OWN THE GAME' strategy that focuses on 3 important aspects which are Experience, Sustainability, and Credibility. The adidas Flagship store in CP offers consumers an innovative technological experience. The store features 32 digital touch points which are powered by green energy, the store encapsulates the use of advanced technology which includes immersive screens, digital plinths and ceiling screens to give customers a superior digital shopping experience.
Nifty hits new high, Sensex up 260 points
Around 10.30 a.m., Nifty was trading at 17,456.05, higher by 76.05 points or 0.44 per cent from its previous close of 17,380 points. The BSE Sensex was trading at 58,514.12, higher by 267.03 points or 0.46 per cent from its previous close of 58,247.09.
Petrol, diesel prices static for 10 consecutive days
The oil marketing companies (OMCs) on Wednesday kept pump prices of auto fuels -- petrol and diesel -- unchanged, the tenth consecutive day of no revision, and decided to wait and watch the global oil situation before making further changes. Accordingly, the price of petrol and diesel remains unchanged at Rs 101.19 and Rs 88.62 per litre in Delhi, as per Indian Oil Corporation, the country's largest fuel retailer.
Easing retail inflation lifts stock indices; consumer durable stocks rise
Initially, both the key indices -- S&P BSE Sensex and NSE Nifty50 -- had a gap-up opening. In the process, Nifty marked a new record high of 17,438 points. On Monday, official data released after market hours had showed that India's August retail inflation eased to 5.30 per cent from 5.59 per cent in July.
US inflation shows signs of easing in August amid Delta variant surge
The consumer price index (CPI) increased 0.3 per cent in August after rising 0.5 per cent in July, according to the report released by the department's Bureau of Labor Statistics. The latest figure is down markedly from the 0.9 per cent growth pace in June, Xinhua news agency reported.
SC says commercial court to decide Essar's arbitration plea against Arcelor
Arcelor had opposed Essar Bulk Terminal's plea for arbitration, and had sought transfer of proceedings from the commercial court to an arbitration tribunal. The company argued that an arbitral tribunal having been constituted, the commercial court cannot proceed further with the application under Section 9 of the Arbitration Act.
Small traders expect easier finance post MSME tag
The American Express survey also showed small merchants are embracing new digital payment methods and innovative strategies to survive during the pandemic and as economy recovers. More than half the small merchants surveyed by American Express for its 2021 report feel that the government's new MSME guidelines will yield better financial opportunities and open doors to better schemes.
Gadkari invites US pension, insurance funds to invest in India's road infra
Addressing the 17th Indo-US Economic Summit, organised by the Indo-American Chamber of Commerce (IACC), he said he "sincerely hopes more and more US companies will come and invest in the road and highway projects in India which is the gold mine for all stakeholders". He assured better returns for the investors compared to those garnered in the US.
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