BUSINESS
Jack Ma not missing, 'laying low' for time being: Report
The report comes amidst intense speculation over the whereabouts of the Chinese billionaire who has not been spotted for at least two months amid the conflict with the Chinese regulators.
Nearly 95,000 homes sold across 8 cities in Jul-Dec 2020'
It noted that as the country moved towards normalcy, residential sales reached almost 54 per cent of the 2019 quarterly average with 33,403 units during Q3 2020 and recovered to almost 100 per cent of pre-Covid levels at 61,593 units in Q4 2020.
Nearly 95,000 homes sold across 8 cities in Jul-Dec 2020'
It noted that as the country moved towards normalcy, residential sales reached almost 54 per cent of the 2019 quarterly average with 33,403 units during Q3 2020 and recovered to almost 100 per cent of pre-Covid levels at 61,593 units in Q4 2020.
Early inclusion of natural gas into GST fold likely
Sources privy to the development said that based on Petroleum Ministry's suggestion, the Centre may take up with GST Council the issue of bringing natural gas under the Goods and Services Tax (GST) regime to begin with before entire oil and gas sector is brought under it.
China's bottled water king leaves Warren Buffett behind in terms of wealth
The chairman of Nongfu Spring Co, a bottled-water company, Shanshan is now the sixth wealthiest person on the planet with a net worth of $13.5 billion. His fortune surged $91.7 billion since the start of the year.
Retail investors pump in $12bn as they go direct in stock market
According to a report by foreign brokerage, Jefferies, the post-Covid period in India, similar to the global trend, has seen rising retail participation. The shareholding of small retailers has risen by 0.6 percentage points (ppt) over December 2019 to September 2020 while that for large retail has also gone up by 0.1 ppt during the period. MF's holding had declined by 0.1 ppt during the same.
Titan's jewellery division logs 15% growth in Oct-Dec
In a regulatory filing, the company said that the jewellery industry saw a resurgence in the festive season along with pent-up demand for wedding jewellery as most of the weddings in the first half of FY21 were deferred.
Internet Shutdowns: India suffers economic loss of $2.8 billion, double than others
According to the report, India suffered more than double the combined cost of the next 20 countries on the list. The report also adds that the actual impact of the internet shutdown on the Indian economy can be even higher than the $2.8 billion that is mentioned.
Sensex pars major gains after hitting record high
Sensex opened at an all-time high of 48,616.66, and the Nifty50 on the National Stock Exchange touched a new record of 14,244.15 points. Around 10 a.m., Sensex was trading at 48,490.46, higher by 52.68 or 0.11 per cent from its previous close of 48,437.78.
RBI imposes Rs 2.5 cr penalty on Bajaj Finance on methods employed by recovery agents
Accordingly, the company was found to be in violation of directions issued "on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs and Fair Practices Code (FPC) for applicable NBFCs... and a specific direction to the company to ensure full compliance with FPC in letter and spirit", said an RBI statement.
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