BUSINESS
Indian private sector to drive carbon transition: Moody's
According to Moody's, many large corporations have launched a wide range of emission targets through 2050. "India's (Baa3 stable) 2070 net-zero target and intermediate goals through 2030 present significant policy implementation challenges for the government, carving a more central role for private companies and investors to drive the transition, according to a new report by Moody's.
Equity indices largely steady in early trade after a storm
At 9.30 a.m., Sensex was at 57,195 points, up 0.05 per cent, whereas Nifty was at 17,212 points, up 0.2 per cent. On Monday, both the indices declined 2 per cent each. A rise in inflation as well as a fresh spike in global crude oil prices seemed to have dented investors' sentiment.
SC directs banks not to impose penalty on EMI default by Amrapali home buyers
A bench of Justices U.U. Lalit and Bela M. Trivedi said the accounts of defaulter flat buyers, who had availed the subvention facilities, should not be treated as Non-Performing Asset (NPA) accounts, and also their CIBIL score should not be maintained at zero level.
Delhi HC rejects Snapdeal's injunction against domain names with its trademark
As per Snapdeal's allegations, these domain names are infringing in nature, as the plaintiff is the registered proprietor of the "SNAPDEAL" trade mark. It is also alleged that such third parties are, through the websites operating under the said domain names, carrying out illegal activities, such as providing lucky draws etc. and are also, in certain cases, posing as customer care centres for the plaintiff's products.
Pakistan to resume negotiations with IMF
The IMF had recently suspended its programme amid the political turmoil in Pakistan, stating that it would re-initiate talks with the new government that would take charge of the country. Its decision came when then Prime Minister Imran Khan was faced with a major challenge when opposition parties joined together and tabled a no-confidence motion, which later led to his ouster and brought in Shahbaz Sharif as his successor.
108.90 lakh paddy farmers benefited with procurement at MSP, 5.86 lakh for wheat
About 108.90 lakh farmers have benefitted with MSP value of Rs 1,47,800.28 crore as part of the paddy procurement in Kharif Marketing Season (KMS) 2021-22 at MSP. "Wheat procurement has recently commenced in Rabi Marketing Season 2022-23 in the states of Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttrakhand, Chandigarh, Himachal Pradesh, Gujarat, and Rajasthan," an official said.
$7.2 trillion of China's GDP under lockdown
Together, they represent 40 per cent, or $7.2 trillion, of annual gross domestic product for the world's second-largest economy, according to data from Nomura Holdings, CNN reported. Analysts are ringing warning bells, but say investors aren't properly assessing how serious the global economic fallout might be from these prolonged isolation orders.
India's daily domestic air passenger traffic crosses 4 lakh mark
In a tweet, he said: "And we hit the 4 lakh mark for the first time in the last two years!" On Sunday, 407,975 domestic passengers were ferried on 2,838 flights. The total flight movement stood at 5,672. According to industry experts, lower Covid infection rate as well as lesser restrictions and holiday travel propped up the passenger numbers.
Now buy movie tickets in US with Dogecoin
The company's CEO Adam Aron announced via Twitter that the movie theater chain has integrated support for the cryptocurrencies through a Bitpay integration. "The AMC mobile app for AMC's U.S. theatres now accepts online payments using Dogecoin, Shiba Inu, and other crypto currencies -- thanks to Bitpay," Aron tweeted.
Investors shed Rs 2.5 trillion as equity indices plunge sharply
All India market capitalisation of BSE-listed companies are currently at 2,69,58,392 crore, against 27,212,168 crore on April 13. Equity markets were closed on Thursday and Friday on account of Dr. Baba Saheb Ambedkar Jayanti/Mahavir Jayanti and Good Friday, respectively. Continuing its downtrend from the morning session, benchmark Sensex and Nifty indices plunged around 2 per cent each at the writing of this report.
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