BUSINESS
Qatar Airways and British Airways complete expansion of airline joint business
Customers will now benefit from even greater choices in prices and schedules with options for direct flights as well as connections via hubs in London and Doha. This is all part of Qatar Airways and British Airways' plan to "Move Further Together" by enhancing the joint network and providing passengers with the best of both airlines.
Equities end marginally lower, extend losses for fifth straight day
At close, Sensex ended 37.70 points or 0.07 per cent down at 57,107.52, while Nifty closed 8.90 points or 0.05 per cent down at 17,007.40.About 1,882 shares advanced, 1,522 shares declined while 136 shares remained unchanged on Tuesday. Tata Steel, Titan Company, State Bank of India, Kotak Mahindra Bank and ICICI Bank were major losers on the Sensex.
Rupee ends marginally up, but remains near record low
The rupee ended at 81.58 as against 81.62 at close of the previous trading session. On Monday, the rupee ended record low for the third straight session on risk-averse sentiments and unprecedented strength in the greenback following Fed tightening and recession worries.
Rajnath Singh urges defence production companies to prepare roadmap for next 25 years
Defence Minister Rajnath Singh urged the manufacturers to make a roadmap for the next 25 years and invest in research and development (R&D) and bring new products as they are awaited all over the world.
RBI fighting a lost INR battle, say analysts
The global narrative is undergoing a substantial regional rotation in favour of the US exceptionalism, even as we are unlikely to see the US growth upgrades. The theme of dollar dominance is still alive. While GBPINR is down 4 per cent, USDINR is up 2 per cent since the September FOMC meeting -- one of the worst EM hits.
Adani Group will invest over $100 bn of capital in next decade: Gautam Adani
"This optimism is the wind in my sails that has made us India's most valued business. It is the fire that flames my belief in the India growth story. It is the blue in the sky that Indians believe to be the symbol of the limitless. A democracy whose time has come cannot be stopped and India's time has arrived," Adani said.
Bank of England 'will not hesitate' to raise rates as pound falls
It will make a full assessment at its next scheduled meeting of the impact on demand and inflation from the government's announcements, and the fall in sterling, and act accordingly, the central bank said in a statement on Monday while dampening the prospects of an emergency rate rise to shore up the pound.
Bosses scared that employees slack off while WFH: Satya Nadella
In a recent report on shifting workplace attitudes, the Microsoft CEO commented that some bosses are skeptical of work-from-home culture, reports Windows Central. "We have to get past what we describe as 'productivity paranoia,' because all of the data we have that shows that 80 per cent plus of the individual people feel they're very productive -- except their management thinks that they're not productive," Nadella was quoted as saying.
Musk, Agrawal didn't depose as per court dates, spark speculation
According to a CNN report, citing sources, the dates listed in deposition notices filed with the court are "not always the dates that the two sides agree to officially begin the questioning". The absence of Musk and Agrawal marks another twist in the fierce legal case that is slated to begin in the Delaware Court of Chancery in the US from October 17.
ECB expects economic activity to slow, interest rates to increase further
Addressing a hearing of the European Parliament's Economic and Monetary Affairs Committee, Lagarde on Monday added: "We expect to raise interest rates further over the next several meetings, to dampen demand and guard against the risk of a persistent upward shift in inflation expectations." "Our future policy rate decisions will continue to be data-dependent and follow a meeting-by-meeting approach," she said.
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