BUSINESS
EU heads for December agreement on gas price cap
Energy ministers of European Union (EU) member states will reconvene to seek a common ground on the currently controversial draft measures, Xinhua news agency quoted the Minister as saying on Thursday. EU member states reached a political agreement on a package of measures that will allow households and businesses to buy enough energy at affordable prices, Sikela said.
US consumers spend $11 bn more online for domestic flights this year
Domestic flight bookings so far this year have driven $76 billion in online spend, 17 per cent more than the comparable period in 2019 (pre-pandemic), where $65 billion had been spent. While the $11 billion difference is partly driven by higher prices, bookings have also grown 5 per cent compared to 2019, according to data from Adobe Analytics Insights.
Regular colouring of grey hair, no religious threads: Air India's grooming guidelines
The new guidelines said that male crew with a deep receding hairline or balding patches must keep a clean shaven or bald look. It also said that the head must be shaved daily. The grooming guidelines said that while grey hair is not permitted, it must be regularly coloured in a natural shade and fashion colours and henna are not allowed.
Rupee weakening due to dollar strengthening, economy can't be blamed: Piyush Goyal
Addressing the Times Now summit, the minister, despite rising inflation, sounded an optimistic note, noting that compared to sky rocketing inflation in many countries, where it is ranging between 8 to 10 per cent, India has maintained a fair balance between inflation and interest rates and price rise in the country is much lower than compared to others.
India's growth could slow down next year: Moody's
However, at the same time, it has noted that investments and productivity gains in technology and agriculture could push its growth. "Risks to this outlook are largely balanced. On the upside, inward investment and productivity gains in technology, as well as in agriculture could accelerate growth," the report said.
Resilient demand to push economic growth, says October economic review
In addition to this, the monthly review added that hiring by firms is likely to witness an improvement in upcoming quarters driven by a rebound in new business gains as firms continue to benefit from the lifting of the Covid-19 restrictions and the possible sustaining of the sales momentum witnessed during the festival season.
Foxconn offers $1,400 to each new hire to leave China iPhone factory
The new hires at the world's largest iPhone factory will receive the money if they tender their resignation immediately, reports South China Morning Post. The offer to workers was published by Chinese online media outlet Cailianshe, after violent clashes over allowances and strict Covid-19 measures.
Apple makes about Rs 1.5L every second, Microsoft pockets Rs 1.1L
Fellow tech giants Microsoft and Alphabet (the parent company of Google), as well as Warren Buffet's Berkshire Hathaway, also draw in more than a thousand dollars each second, which works out at over $100 million a day, according to new research by Tipalti, an accounting software financial technology business.
Sensex touches record high at 62,272; Nifty nears 18,500
The BSE Sensex closed at an all-time high of 62,272.68 points, up 762.10 points or 1.24 per cent, on Thursday. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said Indian equities had a stupendous day on the monthly F&O expiry with key benchmark indices touching record levels.
Coal production rose 18% to 448 million tonnes in October
According to official sources, the Coal Ministry is planning to build a 30 million tonnes stock at domestic coal-based plants by the end of this month. This would help in augmenting the stock of thermal power plants to up to 45 million tonnes by March 31, 2023, they added.
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