BUSINESS
Adani Ports excluded by Norway's largest pension fund for biz links with Myanmar military
This due diligence-based divestment has been implemented on the grounds that Adani's operations in Myanmar and its business partnership with that country's armed forces constitutes an unacceptable risk of contributing to the violation of KLP's guidelines for responsible investment.
Indian working women more worried about job availability: LinkedIn
Shecession -- an economic downturn where job and income losses are affecting women more than men. The term was coined by C. Nicole Mason, president and chief executive of the IWPR, a thinktank. The report, based on the survey responses of 1,891 professionals from May 8 to June 4, revealed how the aftermath of the pandemic's second wave has left Indian professionals -- particularly Gen Z and working women -- increasingly vulnerable to the economic uncertainty in today's evolving job market.
India's huge bauxite import bill needs to be diverted to develop local supply chains
For the first quarter of 2021, this totals to $51.97 million (Rs 390 crore), which otherwise should have belonged to the people of India, with a significant share going to the participants in the value chain of extraction, transportation, processing and supply of bauxite and its end output.
Fuel price hiked again, petrol nearing century mark across the country
With the rise, petrol prices have reached very close to hitting the century mark all across the country extending the scope of historic high prices that had already made the fuel rate cross the Rs 100 per litre-mark in certain cities and towns of Maharashtra, Madhya Pradesh, Rajasthan, Telangana, Andhra Pradesh.
India poised for highest capex in a decade
According to a note by Spark Capital, capital expenditure (capex) over the ensuing three years in core sectors ?cement, metals, oil refining and power (esp. renewables) ?should be about Rs 5 trillion. This should not only be the highest in a decade but is also likely to be more than 2X the capex over the previous three years.
Nutraceutical market to grow at more than 35% CAGR to $ 18 Billion in next 5 years
The explosive growth is being driven by a shift in consumer behaviour and a renewed focus on preventive healthcare. Nutritional supplements or nutraceuticals are fast gaining acceptance to fill in the nutrition gaps left in daily diets towards improving immunity. Nutraceuticals or Nutritional supplements aimed at preventing and managing specific lifestyle disorders.
High retail investments in stock market may help finance India's infra needs
"Other option for financing infrastructure that is also being explored is the InvIT (Infrastructure Investment Trusts). Government owned Financial Institutions like PFC, REC etc. are setting up InvITs and providing equity capital for new projects. These are all positive developments in the long term financing story of India," said the report authored by Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India.
Stock Talk: Top domestic appliances companies on Sensex today
The emerging economy and changing lifestyles of Indian consumers have been leading to growth of home appliances industries. The main growth drivers for this industry are increased affordability, focus on energy-efficient products, increasing digital penetration, and the rise in aspiration.
'Pandemic continues to pose risks to economic outlook'
"Progress on vaccinations has limited the spread of Covid-19 and will likely continue to reduce the effects of the public health crisis on the economy," Powell said in written testimony released Monday afternoon on the Fed's website, which was prepared for a Tuesday hearing before the House Select Subcommittee on the Coronavirus Crisis, Xinhua reported.
Hyundai Motor buys US firm Boston Dynamics for $880 mn
In December, the board of directors at the three affiliates -- Hyundai Motor, Hyundai Mobis and Hyundai Glovis -- approved the plan to acquire a combined 80 per cent stake in Boston Dynamics whose value is estimated at $1.1 billion, from Japanese investment firm SoftBank Group Capital Ltd and two individuals.
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