BUSINESS
Partnership with Jio to help support millions of SMBs: Zuckerberg
Zuckerberg made the remark during a conversation with Mukesh Ambani, Chairman and Managing Director, Reliance Industries at the first Facebook Fuel for India 2020 event. In April this year, Facebook announced an investment of Rs 43,574 crore in Jio Platforms for a 9.99 per cent stake. Zuckerberg said that supporting small businesses has become more important in view of the Covid-19 induced impact on the economy.
High inflation may make rate cut difficult even in FY22: Report
According to a research report by Emkay Global Financial Services, while inflation may have peaked, consistent supply shocks have meant the inflation series is estimated to average around 6.3 per cent in FY21. This is well above the RBI confront zone and would shape easing in FY22 for some policy action to come into play by the RBI.
Burger King India's stocks hit upper circuit again
The company's stock got listed on Indian bourses on Monday and on the debut day itself it opened on a premium of over 87 per cent over the IPO price at Rs 112.50. The stock ended the day on Monday hitting the upper circuit, garnering a premium of over 130, at Rs 138.40. The performance of the stock had even defied projections made by analysts who had expected Burger King to list at around 70-75 percent premium over issue price.
Kapil Wadhawan's fresh offer for DHFL, '100% refund' to creditors
In a letter which has also been marked to the Reserve Bank of India (RBI), the Prime Minister's Office (PMO), the Ministry of Finance, the Ministry of Corporate Affairs and the Committee of Creditors (CoC), he has offered to make the full principal refund within a period of seven to eight years.
GSTN launches ‘Communication between taxpayers’ on its portal
The new functionality will provide a communication platform for taxpayers wherein a purchaser or recipient can ask his suppliers to upload any particular invoice/s that has not been uploaded but is required by the purchaser to avail input tax credit (ITC).
Kanti Commercials-led consortium puts in EoI for Air India
Kanti Commercials Private Ltd is a private company incorporated on April 1, 2003. It is classified as non-government company and is registered at Registrar of Companies, Delhi. Its authorised share capital is Rs 1.3 crore and its paid up capital is Rs 13.54 lakh.
Amazon Web Services comes forward to help India chart its new space journey
For Teresa Carlson, Vice President for Public Sector and Regulated Industries, AWS, the new vertical will bring AWS services and solutions to the space enterprise and India is on their priority list as the country opens up the space sector for the private players and startups.
Inflationary Woes: India's WPI rises to 1.55% in November
On a sub-segment basis, prices of manufactured items remained at elevated levels with a rise of 2.97 per cent from 2.12 per cent reported for September and (-) 0.84 per cent recorded during October 2019. Similarly, the prices of fuel and power with a weightage of 13.15 per cent rose by (-) 9.87 per cent to (-) 10.95 per cent in October 2020.
November retail inflation eases to 7%, food prices cool down
As per the data furnished by the National Statistical Office (NSO), CPI Urban rose to 6.73 per cent in November from 7.33 per cent in October, while CPI Rural increased to 7.20 per cent last month from 7.75 per cent in October. The Consumer Food Price Index, increased at a slower rate of 9.43 per cent in November from 11 per cent in October.
Jio writes to TRAI, blames rivals for spreading rumours, Airtel rebuts
The farm bills which the government says would bring in reforms to Indian agriculture have resulted in widespread protests among the farmers. Farmers from Punjab, Haryana and Uttar Pradesh are protesting over the past few weeks at the borders of the national capital.
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