BUSINESS
L&T Construction bags contract for Mauritius Metro corridor
The project involves the construction of a fully integrated light rail-based Urban Transit System from Rose Hill Interchange towards Ebene reaching Reduit near the University of Mauritius, L&T said in a regulatory filing.
Boeing to continue assisting Indonesian plane crash probe
American airplane giant Boeing said that its technical experts will continue assisting the investigation into an Indonesia plane crash that took place last month. "We are deeply saddened by the loss of the crew and passengers on Sriwijaya Air flight SJ-182," Boeing said in a statement on Wednesday, adding that the company will provide the support needed "during this difficult time".
India's Budget points to a loosening of fiscal policy: Fitch Ratings
The debt/GDP trajectory is core to our sovereign rating assessment, meaning higher deficits and a slower consolidation path will make India's medium-term growth outlook take on a more critical role in our analysis, says Fitch Ratings.
Modi's vaccine promise to Canada breaks irritants: Indo-Canada Chamber
Trudeau is facing a public backlash because of the lack of the availability of vaccines as both Pfizer and Moderna have either cut or delayed shipments to Canada which has got only 1.1 million doses so far.
Pepsico launches 'Made for India' Mountain Dew Ice
Developed to suit the Indian palate, the 'Made for India' Mountain Dew Ice marks a significant milestone in PepsiCo India's journey of innovation in the beverage category. It will be available in single/multiple serve packs across modern and traditional retail outlets as well as on leading e-commerce platforms.
Amazon moves SC against Future-Reliance Retail deal
On February 8, the Delhi High Court had stayed the implementation of status quo ordered by a single-judge bench on the Rs 24,713-crore deal between Future Retail Ltd and Reliance. The e-commerce company has challenged the stay on the implementation of the "status quo" on the deal.
Magma Fincorp soars 10% as Adar Poonawalla-led firm picks majority stake
Rising Sun Holdings Private Limited and Magma Fincorp Limited on Wednesday announced a transaction for preferential issue of equity shares of Magma Fincorp which will result in a controlling stake being taken by Rising Sun Holdings and an open offer as per Public Announcement made under SAST guidelines.
Uber's delivery biz hits $44B annual run rate in 2020
Its delivery gross bookings grew a massive 130 per cent to reach $10.05 billion in the fourth quarter — reaching $44 billion annual bookings run-rate — while mobile gross bookings were down 50 per cent to $6.79 billion.
British pound hits new high against USD since 2018
Wednesday's spike was mainly driven by the growing number of vaccinations across the UK and the weakening US dollar against the blanket of currencies, Xinhua news agency reported citing local analysts as saying.
Robust demand recovery in US, Europe boosts India's engineering exports
As per data, engineering exports for last month rose to $7,174.43 million from $6,011.43 million during the corresponding month of last fiscal. In terms of EEPC India's assessment, exporters buoyed by Production Linked Incentives (PLI) scheme are planning to add new value-added items in their external portfolio.
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