BUSINESS
PM meets American CEOs, extends invitation for larger investment in new tech
He held one-on-one meetings with the CEOs of semiconductor and wireless technology manufacturer Qualcomm, software major Adobe, renewable energy firm First Solar, arms manufacturer General Atomics and investment management company Blackstone. He said Qualcomm may look at India as it builds a resilient supply chain for semiconductors if necessary infrastructure are provided in the country.
After meeting Modi, CEOs see high potential for India to attract investments
"Because of the necessity to diversify and build a very resilient supply chain for semiconductors, we believe India could be an important destination for manufacturing," Qualcomm CEO Cristiano Amon told reporters in Washington after his meeting with Prime Minister Modi on Thursday. Speaking at the UN on Tuesday, Biden has said that the Quad would be elevated to meet challenges in emerging technologies, among others.
RBI to purchase Rs 15K cr of securities under G-SAP 2.0
The open market purchase was announced by the RBI after the Monetary Policy Review meeting held in June. The RBI's recent G-SAP auctions have focused on securities across the maturity spectrum with the intention to ensure that all segments of the yield curve remain liquid.
Modi meets with Qualcom CEO to highlight hi-tech opportunities
After their meeting, the Prime Minister's Office tweeted that they "had a productive interaction. PM Modi highlighted the vast opportunities India offers. Mr. Amon expressed keenness to work with India in areas such as 5G and other @_DigitalIndia efforts". It added that they discussed "investment opportunities in hi-tech sectors in India.
NFRA's audit quality review finds fresh faults with ITNL's statutory auditors
In its Audit Quality Review (AQR) report on the statutory audit of ITNL, the NFRA has not only termed the initial appointment of SRBC & Co LLP, and its continuation as statutory auditor, of ITNL as illegal and void, but has also questioned the audit firms' failure to appropriately and sufficiently evaluate the use of the going concern basis of accounting by the management and thus, missing out on registering the implications thereof in the auditor's report.
Companies given 2 more months to hold their AGMs
The extension is being given on account of the wave of disruptions caused by the second wave of Covid and lockdowns in various parts of the country. Several companies had approached the Ministry of Corporate Affairs for this relief to enable them to comply with statutory provisions contained in the Companies Act.
Vistara to operate Delhi-Paris flight from November 7
The airline will operate these flights as part of the bilateral 'transport bubble' agreement between India and France. The airline will fly twice a week between the two cities -- on Wednesdays and Sundays. "We are very pleased to commence flights to Paris, a step that reflects our commitment to growing our global network," said Leslie Thng, Chief Executive Officer, Vistara.
OYO to file for $1 bn IPO: Report
According to TechCrunch, the seven-year-old startup, founded by 27-year-old Ritesh Agarwal, is planning to raise as much as $1.2 billion in the IPO. The aforementioned terms could slightly change in the next few days and the startup may take an additional few days to file the paperwork, citing sources, the report said.
Global cues lift equity indices; realty stocks rally
Accordingly, both key indices - S&P BSE Sensex and NSE Nifty50 - rose after the US Federal Reserve kept interest rates unchanged. Initially, the Indian equity benchmarks indices made gap-up openings with volumes in the markets being above average. Sector wise, all indices witnessed buying, led by Realty, PSU, and Metal stocks.
Over 3 Cr taxpayers successfully complete transactions: Infosys
"Infosys is committed to making rapid progress in further streamlining end-user experience," said the company in a press note. Over the last few weeks, the portal has seen steady increase in the usage with taxpayers' concerns being progressively addressed. Thus far over three crore taxpayers have logged into the portal and successfully completed various transactions, the note said.
Don't Miss
Advertisement