BUSINESS
Zomato clocked GMV of Rs 75 cr on New Year's Eve
This is despite the fact that the platform could not process all the orders that it received on New Year's Eve as the platform saw a massive spike in demand on the day as people by and large kept indoors while bidding adieu to the Covid-hit year. "Yesterday, we clocked 60 per cent more GMV than last new year's eve. That's GMV of Rs 75 crores in one single day, with peak orders per minute (OPM) rate of 4,254," Zomato CEO Deepinder Goyal said in a tweet.
New York Stock Exchange starts delisting 3 Chinese telco giants
The decision to delist the three Chinese companies was taken in order to comply with an executive order signed by US President Donald Trump on November 12, NYSE said on Thursday. The order targets companies believed to be affiliated with China's military.
International Financial Services Centres Authority joins International Organization of Securities Commissions
IOSCO is the international organisation that brings together the world's securities regulators, covering more than 95 per cent of the world's securities markets, and it also sets the global standard for the securities sector. The organisation also works closely with the G20 and the Financial Stability Board (FSB) in setting up the standards for strengthening the securities markets. The IOSCO Objectives and Principles of Securities Regulation have been endorsed by FSB as one of the key standards for sound financial systems.
December GST collection hits record high, crosses Rs 1.15 lakh crore
Out of the total GST revenue collection of Rs 1,15,174 crore, Central GST (CGST) was Rs 21,365 crore, State GST (SGST) was Rs 27,804 crore, Integrated GST (IGST) was Rs 57,426 crore (including Rs 27,050 crore collected on import of goods), said a Finance Ministry statement.
Maruti Suzuki's December 2020 sales up 20%
The company sold 1,60,226 units of vehicles last month, against 1,33,296 units sold in December 2019. On a sequential basis, the company sold 1,53,223 units of vehicles in November 2020. Maruti Suzuki India Limited posted total sales of 1,60,226 units in December 2020. This is a growth of 20.2 per cent over December 2019, the automobile manufacturer said in a statement.
Covid Causality: Ford, M&M joint auto venture called off
In a late-night message to the Bombay Stock Exchange (early January 1) Mahindra and Mahindra said, “ The Company and Ford have mutually and amicably determined that they will not further pursue their Joint Venture plan.”
Pandemic-hit 2020 record investor wealth growth by Rs 32 Lakh crores
The Covid-19 outbreak has affected the lives and livelihood of people globally, which had shattered businesses and shaken the world equities. Yet, moving towards the end of the year the Indian Indices raised hopes of returning to its track. The BSE benchmark saw ruthless selling and massive buying in the year 2020, as the Sensex recorded 15.7 per cent high gains.
India's eight core industries' production loses steam, down 2.6% in November
The Index of Eight Core Industries' reading in November showed a contraction greater than that of (-) 0.9 per cent registered in October. Though not comparable, on a YoY basis, the growth rate stood at 0.7 per cent in November 2019.
India's April-November fiscal deficit at over 135% of budgeted target
As per the Controller General of Accounts (CGA) data released on Thursday, the fiscal deficit during the corresponding months of the previous fiscal was 114.8 per cent of that year's target. The Central government's total expenditure stood at Rs 19.06 lakh crore (62.7 per cent of BE) while total receipts were Rs 8.30 lakh crore (37 per cent of BE).
Chinese regulators have stripped Jack Ma off $11 billion in 2 month
The 56-year-old former teacher reached a peak of $61.7 billion net worth this year and was well on his way to regaining the wealthiest person of Asia title. But since the crackdown, his personal wealth has fallen down to $50.9 billion and he has seen himself slip to 25th position on the Bloomberg Billionaires Index, a list of the world's 500 richest people.
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