BUSINESS
BharatPe ready for any preliminary govt probe, to comply with law
BharatPe has already conducted a thorough internal governance review via Alvarez and Marsal, a leading management consultant and risk advisory firm, and global audit firm PwC into the financial irregularities at the firm during Ashneer-Madhuri's tenure. Ashneer quit as BharatPe accused him, his wife and their relatives of being engaged in extensive misappropriation of company funds
Gurugram: Private housing societies to have EV charging points
Under the agreement, Tata Power, India's leading electric-vehicle charging infrastructure provider, has collaborated with Enviro -- the facility management will install EV charging points. These chargers will be made available as 'Public Charging Stations' and 'Semi-Public' based on the nature of the premises.
Economy recovers, set to grow by 12.1% in 2021-2022
The state's Gross State Domestic Produce (GSDP) growth will be higher than that of the Indian economy at 8.9 per cent, with the services sector set to grow from 13.50 per cent (against 9.0 per cent previous year), followed by industry sector at 11.90 per cent (against -11.3 per cent), and agriculture & allied sectors to grow by 4.4 per cent (against 11.7 per cent).
Keeping early gains intact, equity indices settle high
The Indian equity markets managed to keep their early gains intact to close Thursday's trade on a positive note.With Thursday's rally, indices have now risen for three consecutive days. Sensex settled 1.5 per cent or 817 points higher at 55,464 points, while Nifty ended 1.5 per cent or 250 points up at 16,595.
Ashneer bought Porsche, told staff he spent $130K on dining table: Report
According to Bloomberg, office frugality clashed with the couple's apparently glitzy lifestyle, rubbing some employees the wrong way. Grover and his wife upgraded their modest home for a rented penthouse and renovated another luxury property. He also purchased a Porsche and told multiple people at the company that he spent $130,000 on a dining table, the report said citing employees.
SUN Mobility appoints Anant Badjatya as new India CEO
EV infrastructure provider SUN Mobility on Thursday announced to appoint Anant Badjatya as the CEO for its India business. An engineer from NIT Durgapur and an alumnus of INSEAD France, he served as Group CEO with Stallion Group, a diversified conglomerate in West Africa with interests in automotive assembly and distribution.
Firm demand, low global inventory to keep aluminium prices elevated: ICRA
A low inventory level of aluminium globally amid tight demand-supply situation in addition to any potential sanction on Russian aluminium exports are expected to aggravate the availability of the commodity in the rest of the world, and thereby keeping its prices at an elevated levels till normalcy is restored, rating agency ICRA said in a report.
India is likely to promote UPI, Rupay to de-risk itself
"We may see the Government of India move further ahead with PLI schemes and provide more sops/opportunities for companies to invest in new age areas such as EV, clean energy (renewables and green hydrogen), robotics, AI, electronics, battery storage, semiconductors, etc", it added.
Indices extend sharp gains; Sensex up over 1,200 pts
India's key equity indices extended their rally from the previous session and traded sharply higher during the early session on Thursday. A substantial fall in global crude oil prices seems to have fueled fresh optimism amongst investors. Global crude is currently trading at $113 per barrel against over $130 recorded earlier this week which was more than a decade high.
US lawmakers refer Amazon to DOJ for potential criminal conduct
The 24-page letter states how Amazon engaged in a "pattern and practice" of misleading conduct that appeared designed to "influence, obstruct, or impede" the Committee's 16-month investigation into competition in digital markets. The letter has been reviewed by IANS. The summary was posted by antitrust subcommittee chair David N. Cicilline stated that in the testimony before the Committee, a senior Amazon official represented.
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