BUSINESS
Average 9.4% salary hike expected in Indian firms in 2022: Survey
The survey found that Indian companies increased salaries by 8.8 per cent on average in 2021. "The 2022 projection of an average 9.4 per cent salary increase is a sign of strong economic recovery and improved consumer sentiment," an Aon statement said. High double-digit attrition is the strongest witnessed in more than a decade. The war for talent is back in India, which is likely keep salary increases high.
Retail vehicle sales in Aug rose 14%, CV sales up 98%
Total retail vehicle sales for last month stood at 13,84,711, against 12,09,550 in August 2020, according to the data released by the Federation of Automobile Dealers Associations (FADA) on Tuesday. The data, however, showed that sales were lower by 14.75 per cent when compared to August 2019, a pre-covid month.
Sensex pares losses to hit new high; HDFC, RIL shares rise
BSE Sensex hit a record high of 58,553.07 points, and the Nifty50 on the National Stock Exchange recorded a fresh high of 17,436.50 points. Rise in the shares of index-heavyweights HDFC and Reliance Industries lifted the indices. Around 1.45 p.m., shares of HDFC on the BSE were trading at Rs 2,833.85, higher by Rs 68.70 or 2.48 per cent from its previous close.
Dish TV shares surge despite Yes Bank's demand to remove its directors
The bank which holds 25.63 per cent stake in the company lender had sent a special notice dated September 3, 2021, to Dish TV, demanding the removal of directors under Section 169 of the Companies Act, 2013. Around 12 noon, shares of Dish TV India on the BSE stood at Rs 15.31, higher by Rs 1.53 or 11.10 per cent from its previous close.
Tesla could get over $1bn in govt funding for battery factory: Report
After announcing plans to build a large electric vehicle factory in Berlin, Tesla confirmed that the project will also include a large battery cell factory, reports Electric. It would likely become Tesla's first in-house volume production of battery cells, the report said. Around the same time that Tesla made the announcement, the German government announced plans to invest billions of dollars in encouraging local battery cell production to support local electric vehicle manufacturing.
El Salvador 1st country to adopt Bitcoin as official currency
The central American nation announced that it plans to buy "a lot more" bitcoins soon. It purchased 200 tokens earlier and another 200 more recently, ahead of its rollout as a legal tender. Ahead of the deadline to make bitcoin El Salvador's official currency, President Nayib Bukele tweeted that the government has about a large sum of the cryptocurrency.
No revision in petrol, diesel prices for 2nd consecutive day
Accordingly, the price of petrol and diesel remains unchanged at Rs 101.19 and Rs 88.62 per litre in Delhi, as per Indian Oil Corporation, the country's largest fuel retailer. In Mumbai, the petrol price was stable at Rs 107.26 per litre on Tuesday while diesel rates also remained unchanged at Rs 96.19 a litre. Across the country as well the petrol and diesel prices remained static on Tuesday, but their retail rates varied depending on the level of local taxes in a particular state.
Sensex slips over 200 points, banking stocks fall
Heavy selling pressure was witnessed in banking, finance and oil and gas stocks. Investors also took to profit booking post the recent bull run in the market, analysts said. Around 10.10 a.m., Sensex was trading at 58,053.53, lower by 243.38 points or 0.42 per cent from its previous close of 58,296.91. It opened at 58,418.69 and has so far touched an intra-day high of 58,459.70 and a low of 58,022.67 points.
Getting pregnant seems to be 'a sin' for AI women pilots
It seems so, as per a letter by T.Praveen Keerthi, General Secretary, Indian Commercial Pilots' Association (ICPA) to the airlines Chairman and Managing Director Rajiv Bansal. According to Keerthi, some long serving women pilots had availed duly approved and sanctioned maternity leave. The said pilots were eligible to be given service benefits.
Hyundai to up EV ratio to 80% by 2040
All-electric and hydrogen fuel-cell electric vehicles currently account for a mere 1.5 per cent of Hyundai's global sales and it initially aims to raise the ratio to 30 per cent by 2030, reports Yonhap News Agency. To achieve the aim, Hyundai said it will gradually replace its product lineup sold in Europe with hydrogen or battery-powered models by 2035 and in other major markets by 2040.
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