BUSINESS
India's Oct YoY retail sales fall on supply shortage, cost pressures: FADA
Accordingly, the data released by the Federation of Automobile Dealers Associations (FADA) showed a fall of 5.33 per cent during the month under review from October 2020. The vehicle retail sales fell to 13,64,526 units last month from 14,41,299 units sold during the corresponding month of 2020.
Consumers relieved as fuel prices remain static for the 14th day in a row
The pump price of petrol in the national capital Delhi on Thursday remained steady at Rs 103.97 a litre and diesel prices at Rs 86.67 a litre. The fuel prices had last gone down when the Central government had reduced the excise duties on Diwali eve, November 4.
Google to collaborate with India and help startups emerge stronger: Rajeev Chandrasekhar
He made these remarks while addressing the seventh edition of the 'Google for India' virtual event and inviting Google to help the nation realize its $1 trillion digital economy goal by 2025. Chandrasekhar also said the partnership will serve as a great example to exhibit how the government and industry can work together to promote the growth of local businesses.
Markets open on positive note; Zomato, Asian Paints in green
At 9.30 a.m., the S&P BSE Sensex of the BSE traded at 60,166.86 points, up 0.26 per cent. It opened at 60179.93 points from the previous close of 60,008.33 points. Till now it touched a high of 60,167.00 points and a low of 59,936.24 points.
Fund outflows, valuation concerns dampen indices; realty stocks down
The FIIs sold Rs 344.35 crore on the BSE, the NSE and the MSEI in the capital market segment during the day's trade. Initially, both the key equity indices opened on a lower note from their respective previous closing marks.
Cabinet approves telecom infra plan for over 7K aspirational villages
Accordingly, the Central government aims to cover 7,287 "uncovered villages" of 44 aspirational districts with 4G services, with an estimated cost of about Rs 6,466 crore. The estimated outlay also includes operational expenses for five years.
SpiceJet enters into agreement with Boeing on 737 Max grounding claims
Boeing has agreed to provide certain "accommodations and settle the outstanding claims" related to the aircraft's grounding and its return to service in the agreement, according to the airlines. The Max aircraft that the airline is referring to, has been grounded for over two years in India.
India on track in transition from fossil-fuel to green economy : Union Minister Hardeep Puri
"What is happening (right now) in India is truly remarkable. In the coming decades, the transition from a fossil-fuel based economy to a green economy will come from within the existing structure, and the oil companies will facilitate that," said the minister while interacting with the media at Expo 2020 Dubai's India Pavilion.
India should aim to achieve over $10 bn leather exports by 2025: Piyush Goyal
Goyal made these remarks while addressing an event of the Council for Leather Exports (CLE). He said that he feels "very satisfied" that the leather industry is aiming to grow at least $10 billion by 2025, though it provides only a growth rate of about 15-17 per cent. The minister also said that the industry has the potential to aim for even higher targets.
Netflix reveals viewing figures, ends 14 years of secrecy after shareholder pressure
Netflix was founded in 1997 by Reed Hastings and Marc Randolph in California. Netflix initially both sold and rented DVDs by mail, but the sales were eliminated within a year to focus on the DVD rental business. In 2007, Netflix had introduced streaming media and video on demand.
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