BUSINESS
Gems, jewellery exports can now be couriered globally
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular clarifying that extant regulations do not restrict exports of gems and jewellery through the courier mode and such restrictions only apply to imports. This would mean that gems and jewellery exports could be done through courier services following all other regulations in place for such exports.
United States equities post weekly losses amid uncertainty over Covid-19
For the week ending on Friday, the Dow and S&P 500 lost 0.6 per cent and 1 per cent, respectively, while the Nasdaq fell 0.7 per cent. The S&P US Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on US exchanges by total market cap, logged a weekly rise of 0.5 per cent.
PLI scheme to provide major impetus to manufacturing sector, says Amitabh Kant
According to Kant, the PLI scheme is a game-changer for the manufacturing sector and the 10 sectors will attract investment in large scale, boost export potential and give rise to economic space which will ensure India's integration in the global value chain.
2020s belong to India: Tata Group Chairman
Elaborating further, Chandrasekaran said that self-evident trends like advancement of digital data and decoupling of China on the United States, fortify this belief. However, in the future, he said if we put this behind us and as an industry start acting by visionary scale, we will become a pivot to the new world order.
Now Oracle to move Silicon Valley headquarters to Texas
The decision came a day after the company posted revenues of $9.8 billion in its fiscal second quarter, a growth of two per cent (on-year) and Cloud services and licence support revenues were up four per cent to $7.1 billion.
Twitter acquires screen-sharing social media app Squad
"Excited to share that the @squad team is joining @Twitter to help us bring new ways for people to interact, express themselves, and join in the public conversation," Twitter's VP of product, Ilya Brown, said in a tweet on Friday.
India's industrial production grows by over 3.5% in October
In October 2020, the factory output grew by 3.6 per cent from 0.49 per cent in September. The output dropped by (-) 6.6 per cent during the corresponding month of the previous year, according to the Quick Estimates of Index of Industrial Production (IIP).
Amazon now biggest corporate buyer of renewable energy: Bezos
The addition of 26 new wind and solar projects in Australia, France, Germany, Italy, South Africa, Sweden, the UK, and the US brings Amazon's total number of renewable energy projects to 127, the company said on Thursday.
Global cues, renewed buying lift market; banking stocks rise
Accordingly, the market opened with a gap up following Thursday decline.
New Relic acquires Kubernetes observability platform Pixie Labs
The acquisition will help New Relic expand in the rapidly growing Kubernetes market. Kubernetes is an open-source container-orchestration system for automating computer application deployment, scaling and management. It was originally designed by Google and is now maintained by the Cloud Native Computing Foundation.
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