BUSINESS
Automakers reveal plans to go all-electric in 2021, COP26 a booster
With Renault in June, Mercedes-Benz and Stellantis in July, to name a few, 2021 has become the year when mainstream automakers solidified their intent to become "all-electric" and transition further towards electrification.
CV volumes set to pick up on economic revival
According to the agency, the ease in restrictions on movement of goods by various state governments and the recovery in the core infrastructure sector continued to remain positive for the CV industry. On sequential basis, the agency said that total sales of all the four CV manufactures showed an encouraging 14 per cent MoM growth in October 2021 compared against September 2021.
US workforce impaired by Covid-19, guns, drugs
Nearly 900,000 people left their jobs at hotels and restaurants, while another 1.3 million quit retailers, and healthcare and social assistance employers, Labor Department data showed. Since the outbreak of the pandemic, some 747,000 Americans have died of the coronavirus as of November 4, according to the Centers for Disease Control and Prevention (CDC).
Wall Street reaps weekly gains amid Fed announcement, economic data
For the week ending Friday, the Dow rose 1.4 per cent, the S&P 500 increased 2 per cent, and the tech-heavy Nasdaq rallied nearly 3.1 per cent, Xinhua news agency reported. The S&P US Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on US exchanges by total market cap, logged a weekly decline of 0.7 per cent.
Petrol, diesel price rise on pause after duty cuts
Accordingly, petrol and diesel prices remained unchanged for the third consecutive day on Sunday under the daily price revision mechanism followed by oil marketing companies. So, the pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on Thursday from previous days level of Rs 110.04 a litre, remains at the same level onSunday.
Bumper Diwali Sales: Not revenge buying but sustainable demand, says CAIT
Explaining in detail the reasons behind the whopping Rs 1.2 lakh crore worth of sales recorded this Diwali season, CAIT's Secretary General Praveen Khandelwal told IANS: "Pent-up demand, as well as lesser Covid related restrictions and more choices, were some of the reasons behind this year's bumper Diwali sales, which broke a 10-year record.
Real GDP expected to grow at 8-9% YoY in Q2FY22
The real GDP is the inflation adjusted figure of all the finished goods and services produced in a country within a specific time period. In a report, MOFSL said its in-house estimates suggest India's real GDP grew at 8-9 per cent YoY in Q2FY22, marginally higher than "our expectations".
Indian companies skip China expo
India's absence from the event that kicked off on Thursday, for unclear reasons, also contrasts with robust growth in China-India bilateral trade this year, a trend that is increasingly irresistible for the South Asian economy despite its growing political hostility toward China, experts said, as per the report.
Brand 'Cairn' is now exclusively owned by Vedanta
Cairn Energy PLC, the Scottish oil and gas exploration company, that is also commonly referred to as Cairn Energy, will discontinue the use of the brand name 'Cairn' as part of its corporate identity by December 2021. In a regulatory statement on November 3, Cairn said it plans to change the company name from Cairn Energy PLC to Capricorn Energy PLC, effective from December 13, 2021.
FM shares video to highlight digital payment revolution
The 30-second video shows a traditional alms-seeker using a QR code scanner which is tied to the head of his decorated ox while a man is scanning the code on his mobile phone to make the payment. "Recd a video of a Gangireddulata, where alms are given thru a QR code! India's #digitalpayment revolution, reaching folk artists," tweeted Sitharaman.
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