BUSINESS
IndiGo’s board grants approval for incorporation of wholly-owned subsidiary
“The primary focus will be investing in early-stage companies operating in aviation and related consumer sectors, such as travel, lifestyle, hospitality, and transportation,” said an airline official.
IT index up 4.2% in a week as large caps join the rally
Mid-cap IT has been doing well and now large-caps like HCL Tech, Infosys and Wipro have joined the rally. The order pipeline of IT companies is expected to improve on the back of the expected soft landing of the US economy, he said.
Qantas CEO to quit 2 months earlier amid controversies
Chief Financial Officer Vanessa Hudson will become Qantas' first female boss when she succeeds Joyce on Wednesday, the BBC reported.
G20 Summit: Commercial activity won't be allowed in New Delhi district
"Essential services like postal and medical services, as well as sample collections by path labs, will continue to operate across Delhi. In the New Delhi area, commercial activities will remain suspended. Online delivery services will not be permitted, with the exception of medicine delivery,” said the Special CP.
Elon Musk to sue ADL for accusing him and X of being antisemitic
The tech billionaire also blamed ADL for X’s falling advertising revenue in the US.
RBI expands scope of UPI by including credit lines as funding account
Under this facility, payments through a pre-sanctioned credit line issued by a scheduled commercial bank to individuals, with prior consent of the individual customer, are enabled for transactions using the UPI system, the RBI said in a statement on Monday.
Income Tax Department clarifies on erroneously sent notices under Section 80 P
In response to a query raised by tax payer, chartered accountant Nirav Choksi on X (formerly Twitter), the tax department said that "an email communication regarding this will be sent to you shortly".
Use of local currencies in cross-border payments can help shield emerging markets from global shocks: RBI Governor
It can also encourage the development of local forex and capital markets, he said.
Meta purges over 21 mn bad pieces of content on FB, Insta in India in July
Between July 1-31, Facebook received 3,200 reports through the Indian grievance mechanism, and said that it provided tools for users to resolve their issues in 5,392 cases.
India's power consumption rose 16% to 151 billion units in August
The spike in power consumption was mainly due to excess usage of appliances like air conditioners and coolers owing to extreme sultry weather conditions.
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