BUSINESS
Glasgow impacts 80% of global coal pipeline: Analysis
With several net zero pledges announced, 95 per cent of the existing global coal power fleet is committed to carbon neutrality. The Glasgow climate summit has had a significant impact on existing and new coal power across the world. Coal is the single largest contributor to carbon emissions.
EV push powers TaMo's DVR, pent-up demand raises parent's shares
At present, Tata Motors has two listed stocks—Tata Motors ordinary and Tata Motors DVR. The primary difference between the two lies in the voting rights of their respective investors.
Housing sales exceeds new supply, black money deals down 75-80% post demonetisation
Despite the confusion and uncertainty immediately after demonetisation, the negative impact has receded after a major market derailment within the first year of its announcement. "In the pre-DeMo period, new supply outstripped housing sales - whereas, in the post-DeMo period, housing sales overtook new supply in the top 7 cities", said Anuj Puri, Chairman - ANAROCK Group said Puri.
Petrol, diesel prices steady amid drop in global crude rates
The fuel prices had last gone down when the Central government had reduced the excise duties on Diwali eve. The pump price of petrol in Delhi had dropped to Rs 103.97 a litre on November 4, while it was Rs 110.04 a litre the day before.
AnyDesk raises $70 mn at Series C funding, valuation reaches over $600 mn
As the usage of laptops and computers have significantly increased, AnyDesk recorded more than 500 million downloads and 900 million sessions each month on average. The funding round was led by General Atlantic, with existing investors Insight Partners, EQT Ventures, and Possible Ventures also participating, TechCrunch reported.
Rakesh Jhunjhunwala backed Akasa Air orders 72 Boeing 737 MAX aircraft worth $9 bn
The order includes two variants from the 737 Max family, the 737-8 and the high-capacity 737-8-200. The new 737 MAX airplane will support the aim of running not just a cost-efficient, reliable and affordable airline, but also an environmentally friendly company with the youngest and greenest fleet in the Indian skies, said the Akasa Air CEO Vinay Dube.
Pharma sector to witness moderate revenue growth in 2021-22: Crisil
Sluggish exports, weak support from Covid-19 vaccine opportunities, and a slow pick-up in demand in the domestic formulations market as some of the reasons behind the possible degrowth, according to the agency.
Fitch Ratings affirms India's sovereign rating at BBB-, outlook negative
The affirmation of the negative outlook on India's Long-Term IDRs reflects concerns over high public debt levels and increasing risk to growth from the recent surge in coronavirus cases.
India capable of attracting annual FDI of $120- $160 bn by 2025: Piyush Goyal
He made these remarks while speaking at the second edition of the CII National Conference on MNCs, 2021 via video link. He also said that the FDI over the past seven years has observed a positive trend wherein each year the FDI recorded is breaking the previous year's record.
Consumption demand making strong comeback: RBI Governor
Speaking at the eighth SBI Banking & Economics Conclave, he said: "There are signs that consumption demand triggered by the festive season is making a strong comeback." "This would encourage firms to expand capacity and boost employment and investment amidst congenial financial conditions."
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