BUSINESS
Apple posts nearly $100 bn in profits for its fiscal year
The company reported $366 billion of revenue for its fiscal year, which represents a 33 per cent annual growth, and a record 12-month profit nearing $100 billion. For the September quarter (Q4) alone, the net income was $20.6 billion.
Joe Biden unveils framework for $1.75tn social spending package
The so-called Build Back Better Framework includes $555 billion in clean energy and climate investments; $400 billion in funding for child care and free preschool; $200 billion in child tax and earned income tax credits; and $150 billion in investments for affordable housing, according to a fact sheet released by the White House on Thursday.
Global cues dent sentiments, equity indices trade lower
At 10 a.m., the 30-scrip sensitive index traded at 59,779.89 points, down 204.81 points or 0.34 per cent.The Sensex opened at 59,857.33 points from its previous close of 59,984.70 points. Besides, the NSE Nifty50 traded at 17,785.70 points, lower by 71.55 points or 0.40 per cent.
Apple doubles India market share in fiscal 2021: Tim Cook
"Even so, we set an all-time record for Mac and quarterly records for iPhone, iPad, Wearables, Home and Accessories representing 30 per cent year-over-year growth in products," Cook said during an earnings call with analysts late on Thursday.
RBI Governor Shaktikanta Das's term extended
In an order, it said: "The 'Appointments Committee of the Cabinet' has approved the reappointment of Shri Shaktikanta Das, lAS Retd. as Governor, Reserve Bank of India for a period of three years beyond December 10, 2021 or until further orders, whichever is earlier."
IndiGo's Q2FY22 YoY net loss widens by 20%
However, the airline's net loss declined by 54.8 per cent on a sequential basis. Besides, the revenue from operations rose by 104.6 per cent to Rs 5,608.5 crore from Rs 2,741 crore earned during the corresponding quarter of the previous quarter.
Centre releases Rs 44k cr to states/UTs under back-to-back loan facility
"After taking into account earlier release of Rs 115,000 crore, total amount released in the current financial year as back-to-back loan in-lieu of GST compensation is Rs 159,000 crore," the Ministry of Finanace said in a statement.
India's Q3CY21 YoY gold demand up 47%: WGC
Accordingly, the demand for gold in India for Q3CY21 rose 139.1 tonnes from 94.6 tonnes reported for the corresponding quarter of the previous year. Besides, the country's Q3FY21 gold demand value rose 37 per cent to Rs 59,330 crore on a YoY basis.
U.S. businesses face labour shortage amid Covid-19: Singaporean media
This happened although millions of Americans who lost their jobs to the pandemic have returned to work, said CNA, a local English language Asian news network. Official data showed that more than 10 million jobs were unfilled at the end of August, said the CNA report.
China now rations diesel as drivers wait for days to refuel
Some truck drivers are having to wait for days to refuel, according to posts on social media site Weibo, the report said. China is currently in the midst of a massive power crunch, as coal and natural gas shortages have closed factories and left homes without power. And this latest issue is only likely to contribute to an ongoing global supply chain crisis, say analysts, the report added.
Don't Miss
Advertisement