BUSINESS
Cricket NFT platform Rario raises $120 mn led by Dream Capital
Singapore-based Rario currently has the largest share of cricket NFT rights globally through exclusive partnerships with six international cricket leagues and more than 900 cricketers. The platform said that with the new investment, it will get access to Dream Sports' 140 million users, who will be offered fiat-only products in India, with the potential to create the largest cricket NFT platform globally.
Canadian inflation spikes to 6.7%
Statistics Canada announced on Wednesday that inflationary pressure in the country remained widespread in March, as prices rose across all eight major components, reports Xinhua news agency. Prices increased against the backdrop of sustained price pressure in the country's housing markets, substantial supply constraints and geopolitical conflict, which has affected energy, commodity, and agriculture markets.
Equity benchmark indices extend gains
At 9.55 a.m., Sensex was 0.8 per cent up at 57,473 points, whereas Nifty 0.7 per cent up at 17,252 points. Among the stocks, Coal India, Asian Paints, ITC, IndusInd Bank, and Reliance Industries were the top five gainers, while Nestle India, Hindalco, Tata Steel, Tech Mahindra and ONGC were the top five losers, NSE data showed.
Tesla posts $3bn in profit, aims 1.5mn cars this year
In the first quarter, Tesla produced more than 305,000 vehicles and delivered more than 310,000 vehicles. The company said it delivered 295,324 Model 3 and Model Y vehicles, while 14,724 were for the Model S and X. On an earnings call with analysts late on Tuesday, Musk predicted that the electric car-maker would be able to ramp up production and produce 1.5 million cars this year.
Economic slowdown: Sitharaman calls for 'proactive collective efforts' by G-20
Addressing fellow ministers and central bank heads of the G-20 member countries, the minister attributed the slowdown to "prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty", according to a series of Twitter posts by the Ministry of Finance.
India's growth story continues despite Covid; more people turning into 'job creators
The increase is significant considering that number of companies incorporated during Financial Year 2020-21 were the highest in any of the previous years. The MCA had registered 1.55 lakh companies in 2020-2021. The incorporations during FY 2021-22 are 8 per cent more than the incorporations during FY 2020-21. While MCA had registered 1.24 lakh companies during FY 2018-19 and 1.22 lakh companies in 2019-20 respectively, it had registered 1.55 Lakh companies during FY 2020-21.
RIIL's Q4FY22 consolidated net profit down 64.6% YoY
The company's net profit during the quarter under review declined to Rs 1.06 crore from Rs 3 crore in the corresponding period of the previous fiscal. However, the company's total income, which includes 'other income', rose to Rs 19.65 crore from Rs 18.88 crore reported for Q4FY21.
EPFO adds 14.12 lakh net subscribers in February
According to the Ministry of Labour and Employment, the month-on-month comparison of payroll data reflects a slight increase of 31,826 net subscribers in February compared to the previous month. On a year-on-year comparison, February 2022 saw an increase of 1,74,314 as compared to the net subscriber addition in corresponding month of 2021. There is consistent increase in the net subscriber addition since October 2021, showcasing trust in the services rendered by the organisation.
India's non-basmati rice exports grows 109% from FY2013-14 to FY2021-22
As per the data from Director General of Commercial Intelligence and Statistics (DGCIS), Kolkata, India exported non-basmati rice worth $2,015 million in 2019-20, which rose to $4,799 million in 2020-21 and $6,115 million in 2021-22. India exported rice to over 150 countries in 2021-22, of which 76 countries were sent non-basmati rice worth more than $1 million in 2021-22, indicating the diversification of rice export basket over the years, the government officials said.
Keeping opening session gains intact, indices settle high
With the day's rise, the indices broke the five day losing streak. In the past five sessions, the Sensex and Nifty declined almost 4 per cent each, data showed. On Wednesday, Sensex settled at 57,038 points, up 574 points or 1.02 per cent, whereas Nifty was at 17,137 points, up 178 points or 1.05 per cent.
Don't Miss
Advertisement