BUSINESS
Indian equities extend gains; Sensex rises over 200 pts
At 10.25 a.m., Sensex traded at 58,669 points, up 0.4 per cent or 203 points from the previous close, Nifty traded at 17,533 points, up 0.4 per cent or 70 points from the previous close.
Brexit hits British business with 'increased costs, paperwork and border delays': report
In a hard-hitting report, the House of Commons Public Accounts Committee (PAC) on Wednesday said there has been a clear increase in costs, paperwork and border delays for British business since Britain left the European Union (EU), Xinhua news agency reported. "It has not helped by repeated delays to a new import regime," the Committee added.
Russia's GDP grows 4.6% in 2021
In December, the GDP growth stayed at a stellar level of 4.3 percent year-on-year despite a high base, the Ministry said on Wednesday in a statement. A dynamic manufacturing sector and industries focused on consumer demand mainly contributed to the economic recovery in 2021, it added.
Nuclear energy share in power generation to be increased: Govt
The share of nuclear power in the total electricity generation is planned to be increased by adding more nuclear power capacity in the country, Union Atomic Energy and Space Minister, Dr Jitendra Singh said.
Nykaa's consolidated net profits down 58% YoY in Q3FY22
In the same quarter of the previous fiscal, the net profits were at Rs 68.9 crore, it said in a statement. However, revenue from operation rose 36 per cent during the quarter to Rs 1,098 crore, as against Rs 808 crore reported in the same quarter previous fiscal. The company's EBITDA fell 36 per cent to 69 crore, as against Rs 107 crore in the same period of the corresponding fiscal.
I-T raids hoteliers in Rs 100 cr tax evasion case
The raids were conducted at the office and other premises of VDM Hospitality Private Ltd, including of its Directors Deepak Saini, Monika Saini, Vinod Saini, and Sarthak Saini and two more companies which are into hotel and resort business. All the companies have their offices in the NCR.
Equity settles sharply high; Nifty auto, metal, media indices rise (Ld)
Sensex settled at 58,466 points, up 1.1 per cent or 657 points from the previous close. Nifty settled at 17,464 points, up 1.1 per cent or 197 points from its previous close. Barring Nifty PSU bank and oil & gas, all sectoral indices traded in the green on Wednesday.
Vistara sees signs of recovery, remains optimistic
Vistara's Chief Executive, Vinod Kannan, said till now pandemic has triggered uncertainty and reiterated the importance of staying "agile". Nevertheless, he cited that the airline is observing a steady increase in traffic in February 2022 compared to the previous month.
Worker compensation talks at Ford India inconclusive
According to a senior worker at Ford India, the younger workers want the remaining years of service to be the factor in calculating the compensation while the normal practice is to take the completed years of service. However, the workers who have age on their side, want some sort of parity in the compensation amount paid for loss of jobs. The management also wants a cap on the compensation paid per worker.
US seizes 94K stolen Bitcoins worth $3.6 bn in biggest ever crypto haul
The couple -- Ilya Lichtenstein, 34, and Heather Morgan, 31 -- faces charges of conspiring to launder money and to defraud the US government, facing up to 25 years in prison if convicted. They were arrested in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, a virtual currency exchange, presently valued at approximately $4.5 billion.
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