BUSINESS
Microsoft, OYO join hands to digitally transform travel industry
OYO will adopt Microsoft Azure as a key enabler to drive cloud-based innovations and reimagine the hospitality and travel tech industry. The solutions will be geared to benefit patrons who operate small and medium hotel and home storefronts. Microsoft has also made a strategic equity investment in OYO.
Deadline for IT return filing extended to Dec 31
The due date of furnishing of returns of income for the assessment year 2021-22, has been extended to December 31, 2021, from September 30. In a statement, the Finance Ministry said that the decision has been on consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22.
Chinese real estate behemoth Evergrande crumbles, revealing a larger real estate bubble
The Xu Jiayun-founded Evergrande has been a symbol of China's success and the news of it defaulting have already made thousands of home buyers in the country worried. Not just that. A failed Evergrande would have huge economic implications on several other companies that have been associated with the real estate major. Many could also be left jobless, analysts said. The company has over 1.23 lakh employees.
Adidas India launches digital flagship store
The all-new website was conceptualised and curated keeping in mind comments and reviews received from consumers. The focus of the digital flagship store is to provide a seamless experience, innovation, state-of-the-art UI, and a fast interface, thereby giving consumers a global online shopping experience, which is digitally superior and seamless.
US on track to default on national debt: Yellen
The Treasury Department has taken so-called extraordinary measures to prevent the US from defaulting on the national debt since the federal debt limit was reimposed on August 1. If the Treasury Department runs out of ways to stave off a default without borrowing more money, the inability of the US to pay its debts could send debilitating shockwaves through the financial system.
Kotak Mahindra Bank cuts home loan interest rate to 6.5% for 2 months
The revised rate would be applicable on both fresh home loans and balance transfer loans. Ambuj Chandna, President, Consumer Assets, Kotak Mahindra Bank said: "People are looking for comfortable residences where the entire family can work, entertain and spend quality time together. This now makes owning one's dream home even more affordable."
SC upholds arbitral award in favour of Reliance Infrastructure Ltd
A bench headed by justice L. Nageswara Rao dismissed a plea by DMRC and upheld the 2017 arbitration award in favour of debt-laden Reliance Group, ADAG, led By Anil Ambani. The amount over Rs 4,600 crore, including interest, will help the beleaguered group to repay its debt. A detailed order will be uploaded on the top court website later in the day.
UCO Bank shares surge 10% as RBI lifts PCA restrictions
Around 12.40 p.m., its shares on the BSE were trading at Rs 14.17 per share, higher by 10.62 percent from its previous close. Earlier it touched an intraday high of Rs 14.85 per share. On Wednesday, RBI said that it has taken UCO Bank out from the PCA framework and lifted the restrictions.
Market tad lower amid choppy trade, banking stocks fall
Selling pressure was witnessed in banking stocks. Fall in the index-heavyweights HDFC Bank and Infosys weighed on the indices. Around 10.15 a.m., Sensex was trading at 58,185.40, lower by 64.86 points or 0.11 per cent from its previous close of 58,250.26 points.
Petrol, diesel prices unchanged for 4th straight day
In the national capital, petrol was sold for Rs 101.19 per litre. Similarly, price of the fuel in the other key metros of Mumbai, Chennai and Kolkata stood unchanged at Rs 107.26, Rs 98.96, Rs 101.62 per litre, respectively.
Don't Miss
Advertisement