BUSINESS
Warmongering: Russia-Ukraine tensions trigger equity sell-off; spikes oil prices
Accordingly, the two indices witnessed their sharpest percentage fall in 10 months. In the initial part of trading, east Asian stocks slid and commodities, including crude oil, surged as geopolitical risks over Ukraine rippled through global markets. The Brent-indexed Crude oil prices crossed $96 per barrel, the highest in seven years. Notably, Russia is one of the world's top producers of Crude oil.
Costly Commodities: India's Jan retail inflation rises to over 6%
As per the data furnished by the National Statistical Office, the Consumer Price Index (CPI) rose to 6.01 per cent last month from 5.66 per cent in December 2021. Similarly, on a YoY basis, the rise in last month's retail inflation was faster than the 4.06 per cent increase in prices recorded for January 2021.
Global EV sales up 109% in 2021, Tesla leads with 14% share
The total global car market grew just 4 per cent in 2021 as it continued to struggle with Covid-19 restrictions and chip shortages, while EV sales represented 9 per cent of all passenger car sales last year, according to market research firm Canalys. Nearly 85 per cent of EVs sold globally were delivered to customers in Mainland China and Europe.
Ex-Turkish Airlines honcho Ayci named new Air India CEO-MD
Expected to take charge on or before April 1, Ayci until recently was the Chairman of Turkish Airlines and was also on its Board of Directors prior to that.
India-Japan jointly review 114 Japanese companies working in India
As the fifth largest investor, Japan has contributed over $36.2 billion in cumulative investments in India since 2000, especially in key sectors such as automobiles, electronics system design and manufacturing (ESDM), medical devices, consumer goods, textiles, food processing and chemicals.
Home EV charging spend to cross $16 bn globally by 2026
This rapid growth in excess of 390 per cent over the next five years is being driven by the lower cost and convenience of home charging for EVs, rather than using costly and frequently inconvenient public charging networks, according to a new study from Juniper Research.
Global cues, domestic data plunge India's equities; Sensex down over 1,600 pts
Besides, high crude oil prices along with selling pressure from FIIs dragged the two indices lower. Consequently, global stocks slid on Monday and commodities, including crude oil, surged as geopolitical risks over Ukraine rippled through global markets. On the domestic front, volumes on the NSE were a little higher than the recent average.
India's Jan wholesale price inflation sequentially eases to 12.96%
Accordingly, the annual rate of inflation, based on wholesale prices, eased to 12.96 percent last month from 13.56 percent reported for December 2021. However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry showed an exponential rise last month over January 2021, when it stood at 2.51 percent.
RBI, govt working in complete harmony on crypto, says Sitharaman
"With RBI & Ministry, not just on crypto but on every other thing as well, I think there's complete harmony with which we're working, respecting each other's domain and also knowing what we've to do with each other's priorities & in the interest of the nation. There's no turfing here," said Sitharaman after the meeting.
Cult.fit acquires India biz of global fitness chain Gold's Gym
Cult.fit, now a unicorn, picked up a majority stake in F2 Fun & Fitness India Pvt Ltd, becoming the master franchise partner for Gold's Gym in India. Cult.fit now aims to expand the Gold's Gym brand in key geographies such as Sri Lanka, Bangladesh, Maldives, Nepal and Bhutan.
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