BUSINESS
India's December gems, jewellery exports up 29% against pre-pandemic 2019
India's gem and jewellery exports during December 2021 grew 29.49 per cent to $3,040.92 million (Rs 22,914.6 crore) as compared to $2,348.44 million (Rs 16,712.46 crore) in December 2019 -- the pre-pandemic year, the Gem and Jewellery Export Promotion Council said. Besides, exports during April-December rose 5.8 per cent to $29,084 million from $27,500 during the same period of 2019.
Budget-22: Davos speech indicates infra on PM-FM's mind, industry chips in its own suggestions
Through innovative financing tools like asset monetisation, a target to generate $80 billion has been set and India has also launched the 'Gati Shakti National Master Plan' to bring every stakeholder on the same platform for promoting development. Under this National Master Plan (NMP), work will be done on infrastructure planning, development, and implementation in an integrated manner. This will give a new impetus to seamless connectivity and movement of goods, people, and services.
Activist investor Nelson Peltz builds stake in Unilever
People with direct knowledge of the matter told the Financial Times that the $8.5 billion New York-based hedge fund had taken a position in the UK group's shares, adding to the challenges facing chief executive Alan Jope. The Unilever boss is already facing simmering shareholder discontent after its 50 billion pounds attempted takeover of GSK Consumer Health.
India's December gems, jewellery exports up 29% against pre-pandemic 2019
Besides, exports during April-December rose 5.8 per cent to $29,084 million from $27,500 during the same period of 2019. "The holiday bounce has managed to offset part of the post-Diwali export slump when factories normally take a short break. Holiday and festive demand was robust in important trading centres such as the US, Hong Kong, Thailand, and Israel," Council Chairman Colin Shah said.
What to expect from Rail Budget 2022
Finance Minister Nirmala Sitharaman will present her fourth budget on February 1 and according to sources, the Central government is going to increase the outlay for the rail budget this time by 15-20 per cent. Last year, the government had allocated Rs 1,10,055 crore to the Railways. This time, an amount of around Rs 2.5 lakh crore is likely to be earmarked.
Amazon makes offer to Future Retail for acquisition by an entity led by Samara Capital
"We note that significant time has been lost on account of the unwillingness of FRL and the independent directors to consider potential solutions facilitated by Amazon in the past. Nevertheless, we reaffirm our offer to assist FRL within the framework of our rights under the Agreements", Amazon said in a letter to the independent directors of Future Retail.
Demand for office space up 50% in 2021 led by startups, tech cos: Colliers
In 2021, total absorption in the office space segment was 6.3 million square feet, it said. Of the total, startups absorbed 1 million square feet. "Gurugram led the leasing activity accounting for 64 per cent share in overall transactions. Flight to quality is driving occupiers' real estate strategy and Noida Expressway, Golf Course Extension Road and DLF Cybercity drove the bulk of leasing activity as they looked for better-quality buildings," it added.
US technology stocks have been tumbling in the new year
Momentum is building against companies with exciting promises to reshape the world, as investors turn to "value" alternatives such as oil and banking, the report said. The tech sector now faces a crunch fortnight as its biggest names report results, including Microsoft on Tuesday, Tesla on Wednesday, and Apple on Thursday.
Crypto.com users not able to access accounts after $34 mn hack
Thousands of people took to social media to complain that they could not get back into their accounts, begging for help. In a tweet thread, Marszalek finally responded, saying if you can't get back into our app following access reset this week, "in 95/100 cases you are simply using the wrong email to login".
Rupee to slip on expensive crude oil, FII funds' outflow
Accordingly, the rupee is expected to trade with a weak bias up to 75 to a USD in the coming week.
Notably, a rate hike by the US Federal Reserve can potentially drive away more FII money from India and other emerging markets.
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