BUSINESS
Covid brings 3 lakh agents to light as India's travel market to hit $125 bn
"Top 750 agents are doing Rs 3-4 crore of business per month, capturing 12 per cent of the agent travel market. These agents largely focus on air travel and have corporate tie-ups," according to data provided by RedCore, an arm of Bengaluru-based market research firm RedSeer.
India logs 9% growth in job postings in September YoY: Report
The CEO of Monster.com Sekhar Garisa said that as we approached the end of the September quarter, it was promising to note that we had witnessed a significant growth of 6% in the hiring over the last 3 months. The report further says that there was a stable monthly growth in job postings in the month of September compared to that of August.
Pakistan expected to remain on FATF grey list till April 2022
The upcoming three-day meeting of the FATF in Paris, scheduled to start on Wednesday, will be assessing and discussing Pakistan's progress and compliance to the 27-point action plan to curb money laundering and terrorist financing, as per IANS sources.
Moody's revises outlook for Indian banking system to stable from negative
The rating agency said that capital ratios have risen across rated banks in the past year because most have issued new shares. Public sector banks' ability to raise equity capital from the market is particularly credit positive because it reduces their dependence on the government for capital.
Bank gross NPAs to rise to 8-9%,
The Covid-19 relief measures such as the restructuring dispensation, and the Emergency Credit Line Guarantee Scheme (ECLGS) will help limit the rise, the report added. With 2 per cent of bank credit expected under restructuring by the end of this fiscal, stressed assets-comprising gross NPAs and loan book under restructuring-should touch 10-11 per cent.
Surcharge on power bills of 30K consumers to be waived in Gurugram
These connections were disconnected by the department for non-payment of bills till June 30. To get the surcharge waived, consumers will have to apply by November 30, they added. In Gurugram, more than 30,000 consumers in both the circles of DHBVN have outstanding bills of Rs 190 crore. This includes a surcharge of about Rs 35 crore.
JIBS awarded prestigious global engagement seed grant by IBRO
The grant also covers a week-long event- Neurodevelopmental disorders and Society: A Neuroscience Engagement and Outreach Event- which will be organised by JIBS in May next year, with a primary focus on enhancing research on NDDs. "It is a very significant academic progress for JIBS and in line with our vision of applying the behavioural and social science research and evaluation towards improving people's lives, with a special emphasis on the underprivileged," said Dr. Sanjeev P. Sahni, Principal Director of the Jindal Institute of Behavioural Sciences.
Global cues, positive macros push equities higher for 8th day in row
The 30-scrip sensitive index traded at 62,188 points around 12.25 p.m., up 423 points or 0.68 per cent. Besides, the NSE Nifty50 traded at 18,584 points, up by 107 points or 0.58 per cent. Besides, the NSE Nifty50 traded at 18,584 points, up by 107 points or 0.58 per cent.
Reuters investigation on Amazon snowballs into fiery letter by 5 US lawmakers
Following up on a Reuters report from New Delhi, the lawmakers shot off a blunt six-page letter as well as a press statement. At best, this (Reuters) reporting confirms that Amazon's representatives misled the Committee. At worst, it demonstrates that they may have lied to Congress in possible violation of federal criminal law.
Markets open on positive note
The Sensex of the BSE opened at 62,156.48 points and touched a high of 62,159.29 points. The Sensex touched a low of 61,964.41 points. On Monday, the Sensex closed at 61,765.59 points. The Sensex is trading at 62,061.59 points, up by 296.00 points or 0.48 per cent.
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