BUSINESS
EU officials warn of economic slowdown
"If we look at high-frequency indicators and the economic sentiment, we see that many things point to a contraction in economic activity this winter," Gentiloni said at a press conference of the Eurogroup on Monday. Paschal Donohoe, president of the Eurogroup, said everyone knows that the economy within the euro area is slowing down. In October, economic growth for the area stood at 0.5 per cent, Xinhua news agency reported.
Paytm records revenue growth of 76% to Rs 1,914 crore
Paytm has reported robust traction across all its businesses, which has helped it achieve stronger revenue growth, with improvement in EBITDA before ESOP cost (improvement of Rs 200 crore in the last two quarters). It also witnessed a sustained increase in contribution profit of 224 per cent YoY and 16 per cent QoQ to Rs 843 crore.
SBI to issue electoral bonds through 29 branches between Nov 9-15
The bonds shall be valid for 15 calendar days from the date of issue and no payment shall be made to any payee political party if the electoral bond is deposited after expiry of the validity period.The electoral bond deposited by an eligible political party in its account shall be credited on the same day, official sources said.
Ukraine conflict impact: Asia-Pacific airlines' cargo volumes dip 10.7% in Sep
Latest data by the International Air Transport Association (IATA) showed that airlines in the region continue to be impacted by the conflict in Ukraine, labour shortages, and lower levels of trade and manufacturing activity due to Omicron-related restrictions in China. It said that available capacity in the region increased by 2.8 per cent compared to 2021.
54% Indians consumers concerned about EV quality, not range: Report
"For long, limited EV charging infrastructure and range anxiety have been construed as barriers for EV adoption. However, automotive OEMs have already designed EVs with a sufficient range of up to 200 kms or more," said John Martin, analyst, smart mobility practice, CMR.
Government releases revenue deficit grant worth Rs 7,183 cr to 14 states
With this, the total RDG released to states so far in the current financial year has gone up to Rs 57,467.33 crore. This was the eighth instalment of the grant for the current fiscal released to states.In 2022-23, the states will get a total RDG of Rs 86,201 crore.
Finance minister lauds state-owned banks for recording profits
In a series of tweets, she said, "The continuous efforts of our government for reducing the NPAs and further strengthening the health of PSBs are now showing tangible results. All 12 PSBs declared net profit of Rs 25,685 cr in Q2FY23". She said that the combined net profits of public sector banks recorded a year-on-year growth of 50 per cent.
CarDekho to infuse $100 million in its fintech subsidiary Rupyy
Rupyy crossed Rs 500 crore of monthly disbursal volume of car loans in September. The brand plans to hit Rs 10,000 crore annualised disbursals by March 2023.
Foxconn woos fleeing workers with $70 subsidy after iPhone production hi
Foxconn called the 'care and love' subsidy a 'pre-hiring' offer as workers would not be able to return until the seven-day lockdown is lifted this week, reports South China Morning Post.
Estimated 32 lakh weddings till Dec 14 with a trade of Rs 3.75 lakh cr
During this period, around 32 lakh weddings will be solemnised across the country with a massive flow of about Rs 3.75 lakh crore by way of wedding purchasing and obtaining various services in the business being conducted by trading community, as per a survey conducted by the CAIT Research & Trade Development Society.
Don't Miss
Advertisement