BUSINESS
Labour market mismatch post-Covid could weaken economic growth: Moody's
While the lasting implications will take time to fully materialise, labour-market scarring and skills mismatches, exacerbated by the effects of the Russia-Ukraine military conflict, could constrain potential growth, the report said.
Number of international airports in country rise to 30: Centre
In a written reply, Minister of State, Civil Aviation V. K. Singh said that during the last seven years, four Greenfield airports -- Kannur in Kerala, Shirdi in Maharashtra, Kushinagar in Uttar Pradesh and Mopa in Goa -- have been constructed as international airports.
Pakistan caps foreign currency carrying limit for outbound travellers
A recent FBR notification showed that the board has also capped the annual limit of foreign currency for outbound passengers to $30,000 or equivalent for the same age group, reports Xinhua news agency. The limit for people below 18 years old has been fixed at $2,500 per visit and $15,000 annually, according to the FBR.
OYO launches 'Super OYO' in more than 70 cities in India
Consumers can now see hotels marked 'Super OYO' while booking through the OYO App. Currently, there are around 200+ Super OYOs available on the site and the company will encourage other hotels on its platform to work towards achieving this highly selective moniker and becoming a part of this exclusive category.
Infosys completes 40 years, founders recollect their journeys
These are some of the moments recollected by founders of Infosys at an event organized to commemorate completion of 40 years of Indian IT giant at its Bengaluru headquarters in Electronics City on Wednesday. K. Dinesh, Co-founder of Infosys, recollected the statement of Albert Einstein that try not to become man of success, but man of values as he said that the required foundation was laid for Infosys.
India going all out to give necessary impetus to indigenous manufacturing
The Centre has undertaken various steps to boost domestic and foreign investments in India as well. These include introduction of Goods and Services Tax, reduction in corporate tax, interventions to improve the ease of doing business, FDI policy reforms, measures for reduction in compliance burden, policy measures to boost domestic manufacturing through public procurement orders and Phased Manufacturing Programme (PMP).
Nifty Bank closes at 44,049 points on Wednesday
"We expect this outperformance for banks and the tailwind for the sector to continue for 2023," Nishit Master, Portfolio Manager, Axis Securities PMS added. According to him, in the short term, after Tuesday's inflation print in the US, there is an expectation in some quarters that the US Fed might turn less hawkish in the upcoming policy, which will support the markets.
Wholesale inflation falls to 21-month low of 5.85% in Nov, FM Sitharaman gives credit to PM Modi
Reacting to the fall in WPI inflation, Finance Minister Nirmala Sitharaman said in Lok Sabha that due to periodic interventions by Prime Minister Narendra Modi, it had come down along with food inflation. According to official data, the fall in WPI inflation was in sharp contrast to 14.87 per cent level, which it had touched during the corresponding period of last year.
Paytm's Rs 850 cr share buyback at 50% premium to support stock in near-term
Both the brokerage firms see up to 104 per cent potential rally in the stock price to Rs 1,100 per share. JP Morgan highlighted Paytm's buyback won't hamper any growth plans. One97 Communications, parent company of Paytm, had cash and equivalents of Rs 9,182 crore at the end of September this year.
United Airlines places largest 787 Dreamliner order in Boeing history
The deal is the largest 787 Dreamliner order in Boeing's history, reports Xinhua news agency. United Airlines is also purchasing 100 737 MAX jets, exercising 44 existing options and placing 56 new orders. The airline's current orders for Boeing jets have surpassed 530, including more than 430 737 MAX airplanes.
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