BUSINESS
Apple 'fully resumed' advertising on Twitter, says Musk
According to Bloomberg, during a two-hour Twitter Spaces Musk also mentioned that Apple was Twitter's largest advertiser, reports MacRumors. The tech giant reportedly spends more than $100 million a year on advertising on the micro-blogging platform. Meanwhile, Musk had criticised the App Store cut on November 18, by calling it a "hidden 30 per cent tax on the Internet".
Elon Musk advises Joe Biden to just buy a Tesla
Joe Biden recently announced the release of the first round of funding for a nationwide EV charging network, financing the construction of stations in 35 states. "We're building 500,000 electric vehicle charging stations across the country. The great American road trip will be fully electrified," posted Biden on Twitter.
Indian aviation safety records significant jump in ICAO global ranking
A senior official of the aviation regulator on Saturday said that it is a quantum leap from its 102nd rank four years ago. With a view to check its effective implementation (EI) of critical safety elements, the International Civil Aviation Organisation (ICAO) had last month audited the Indian Directorate General of Civil Aviation (DGCA).
Government issues guidelines for PLI scheme on drones
These guidelines cover aspects like the definitions, qualification and eligibility application and online portal project management agency (PMA), empowered group of secretaries (EGoS) and competent authority. To make India a global hub for research and development, testing, manufacturing, and operation of drones under the Aatmanirbhar Bharat Abhiyan, the liberalised Drone Rules, 2021 were released to create a growth-oriented regulatory framework for drones.
Pakistan repays $1b bond, dismisses perception of default
As per the actual schedule, the country was to return the maturing investment in the US dollar-denominated global bond on Monday, The Express Tribune reported. "Yes, we have made the payment of $1 billion," State Bank of Pakistan (SBP) spokesperson Abid Qamar confirmed to The Express Tribune. The bank has made the payment to Citigroup, which will transfer the funds onward to the investors.
Indian markets do better than global leaders despite interest rate hikes
If one looks at the performance of stock markets on a calendar basis since 2005, there have been eight instances when markets have gained between 0 and 25 per cent, six instances when they have gained between 26 per cent and 50 per cent, and just one instance when they gained more than 76 per cent.
Don't hike repo rate by more than 25-35 bps: Assocham's advice to RBI
Assocham has also requested the RBI to treat retail loans for purchase of electric vehicle (EV) as priority sector lending. According to Assocham, the interest rate hike should be moderate so that the rising cost of borrowing does not have an adverse and disproportionate impact on the nascent economic recovery post the pandemic.
Expert View: Economic growth driving bull market run despite high interest rates
The Reserve Bank of India (RBI) has raised repo rates four times since May and it is expected to hike the key lending rates again on December 7. Though high interest rates help in curbing liquidity to check inflation, it does not necessarily leave a good taste in the mouth for bourses. Higher interest rates translate into a decline in stock market's value.
Investors expecting a full Fed pivot may be putting the cart before the horse
But investors who are expecting a full pivot may be putting the cart before the horse, CNN reported. Powell's admission that "the path ahead for inflation remains highly uncertain" means that rate hikes could be here for a while. Investors have been closely watching for any clues that the Fed might slow or pause its painful path of rate hikes, intended to fight persistent inflation.
InvITs an invitation for long-term economic growth, say experts
In a short span of time, they have emerged as among the most preferred instruments of investment, offering high fixed returns. Experts, in fact, are of the view that InvITs are going to be crucial for long-term growth of the economy. InvITs consist of four elements, namely a trustee, sponsor(s), investment manager and a project manager.
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