BUSINESS
India's Oct exports rise over 42%, imports over 62%
Exports in October 2020 had stood at $24.92 billion. According to data furnished by the Ministry of Commerce and Industry, in comparison to October 2019, last month's exports rose by 35.21 per cent. As per the data, India's merchandise imports last month increased by 62.49 per cent to $55.37 billion over $34.07 billion in October 2020.
Global cues, healthy data lift sentiments; equity indices rise
Accordingly, both the key equity indices - S&P BSE Sensex and NSE Nifty50 - gained over 1 per cent during the day's trade session. Besides, data points such as IHS Markit India Manufacturing Purchasing Managers' Index and Goods and Service Tax (GST) collections for October indicated a strengthening of economic recovery.
I-T Department rolls out new Annual Information Statement
The new AIS can be accessed by clicking on the link "Annual Information Statement (AIS)" under the "Services" tab on the new Income Tax e-filing portal. The display of Form 26AS on TRACES portal will also continue in parallel till the new AIS is validated and completely operational.
Barclays chief Jes Staley in shock exit after Epstein probe
The City watchdog and Bank of England have been investigating if Staley's relationship to the dead financier was closer than first thought. Barclays said it had been made aware of the conclusions of the probe and "Mr Staley's intention to contest them". Regulators began investigating after getting a cache of emails between the men from Staley's former employer.
UPI transactions cross $100 bn for 1st time in October
In the month of October that saw record festive shopping across e-commerce platforms, digital payments witnessed 4.2 billion UPI transactions in total. In September, the NPCI recorded digital payments worth Rs 6.54 lakh crore via 3.65 billion UPI transactions.
Maruti Suzuki's Oct total sales down by over 24%
Total sales fell to 138,335 units in October 2021 from 182,448 units sold during the corresponding period of last year. Besides, the company's total domestic sales including passenger and commercial vehicles in addition to off-take by other OEM fell during the month under review.
Elon Musk will sell Tesla stock if UN can prove it will 'solve world hunger'
Speaking to CNN, David Beasley, the director of the UN's World Food Programme (WFP), called on Musk and Jeff Bezos (the second richest person on the planet) to reconsider where they are putting their money. "$6 billion to help 42 million people that are literally going to die if we don't reach them. It's not complicated," he had said.
GST collection for Oct at over Rs 1.30 lakh cr
The gross GST revenue collected in the month of October 2021 stood at Rs 1,30,127 crore, which is a growth of 24 per cent over the GST revenues in the same month last year and 36 per cent over 2019-20. The revenue for October is also the second highest ever since introduction of GST, second only to that in April 2021, which is related to year-end revenues.
10-minute grocery delivery app Zepto raises $60 mn
Zepto said that with its network of �cloud stores' or micro-warehouses, it is able to consistently deliver in 10 minutes through a combination of technical and operational excellence. Aadit Palicha and Vohra, both computer science graduates from Stanford University in the US, have built Zepto this year with backing from institutional investors like Glade Brook Capital, Nexus and Y Combinator, along with individual investors.
Need for structural changes in economy and future of energy: Rosneft CEO
In his address, Sechin said the International Energy Agency estimates that, by 2050, about half of the technologies needed to achieve low-carbon development goals will still not be ready for deployment. The energy transition must be synchronized with the supply of energy, reliable supplies of metals and other materials, technological development, and the adjustment of consumer behavior.
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