BUSINESS
Possible inability of conglomerates to face disruption reflected in market discomfort
However, a bigger issue may be possible inability of conglomerates to face disruption. It remains to be seen if recent de-merger announcements by large global conglomerates will provide sufficient inspiration to majority shareholders and managements of Indian conglomerates to evaluate similar de-mergers, the report said.
WTO needs to reassess the way of conducting its affairs: Goyal
The minister said that the developed countries should contribute more to achieve the 'Sustainable Development Goals' and do their part on meeting the obligations of providing clean and green technology and achieving climate goals as well as meeting the needs of billions of people.
Developing Covaxin was an enormous challenge: Bharat Biotech
Mohan also said that there were no vaccines when the Covid-19 hit India and the world, but the Central government had taken the right steps at that point of time. He further added that since there were no past precedents, the task to develop a vaccine in such a short span of time seemed impossible. However, Bharat Biotech succeeded and accomplished the goal in less than a year.
Rabi sowing picking up, wheat and oilseeds march ahead
The area sown for rice is 6.33 lakh ha in 2021 as compared to 42.51 lakh in 2020, for for wheat it is 88.46 lakh ha compared to 80.71 lakh ha, while that under pulses is 76.12 lakh ha, almost comparable to 76.19 lakh ha in 2020. Area sown for for oil seeds in 2021 is 69.26 lakh ha compared to 53.28 lakh ha in 2020, and the area sown for coarse-cum-nutri crops is 20.48 lakh ha, slightly less compared to 22.08 lakh ha in 2020
India now world's third-largest domestic aviation market: Scindia
He made these remarks while speaking at the curtain raiser event on 'Wings India, 2022'. He also said that after US and China, India at present handles the third-largest domestic traffic. "We all know that in this densely globalised economy, air transport is a key element in the country's transport infrastructure and plays an important role in the country's economic growth," the minister said.
Gold to shine brighter; risks in equity, weddings keep prices elevated
Lately, gold prices, both in domestic and global markets, have risen steadily due to favourable broader market fundamentals. Accordingly, the last traded price of gold at the Multi Commodity Exchange of India (MCX) was Rs 49,159 per 10 gm. According to the India Bullion and Jewellers Association, the spot prices for pure gold stood at Rs 49,240 per 10 gm in the domestic market, which excludes GST and making charges.
India now being called 'pharmacy of the world': Modi
"We believe in the well-being of the entire humankind. And, we have shown this spirit to the whole world during the Covid-19 global pandemic," the Prime Minister said. He said "our definition of wellness is not limited by physical boundaries". "We have exported life-saving medicines and medical equipment to over 150 countries during the initial phase of the pandemic. We have also exported more than 65 million doses of Covid vaccines to nearly 100 countries this year," Modi said.
Supreme Court permits Hindustan Zinc disinvestment, orders CBI probe into irregularities
A bench comprising justices DY Chandrachud and BV Nagarathna took objection to the closure of preliminary inquiry by the Central Bureau of Investigation (CBI) in the HZL disinvestment during 1997-2003. "There is no bar on the constitutional power of this Court to direct the CBI to register a regular case, in spite of its decision to close a preliminary enquiry," said the bench.
Indo-US trade on track to surpass $ 145 bn in 2021: US Consul General
Judith Ravin, participating in the conclave which has been a new initiative under BTS. said the growth in Indo-US economic ties had been extraordinary and the 2021 data indicate a strong rebound. She said if it continues, the countries would be on track to exceed 2019 numbers.
UK inflation for October 2021 rises to 4.2% , highest in a decade
The annual growth rate in September 2021 was 3.1 per cent which later elevated to 4.2 per in October, it disclosed. With a 2 per cent target for inflations in Bank of England (BoE), the inflations recorded have hiked to more than double the set mark, the Xinhua news agency reported citing ONS data.
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