BUSINESS
Food inflation: 2022 is not 2019, says IDFC Mutual Fund
In 2019, food inflation had risen strongly to 12.2 per cent year-on-year in December. Its total sequential momentum during July-October then was 4.8 per cent versus 2.6 per cent this year, the report notes. It was a case of very high vegetable inflation in 2019, driven by a spike in onion prices which had increased 171 per cent during July to December. Inflation in other components like rice and pulses was not a major driver.
Trinity objects to Arcelor Mittal's inclusion in bidding for SREI assets
TAIML is an investment manager managing AIF funds that is jointly promoted by SREI Infrastructure Finance Ltd (SIFL), with 51 per cent stake, and balance 49 per cent is held by Payash Capital Singapore PTE Ltd. TAIML has filed claims worth Rs 10,000 crore from Arcelor Mittal entities and Payash has challenged their inclusion in the SREI bid process will "hinder" TAIML's recovery.
Exports shrink by 16.6% to $29.78 bn in Oct
According to Commerce Ministry data, imports though rose to $56.69 billion in October 2022 as against $53.64 billion in October 2021. In the April-October 2022 period, exports grew 12.55 per cent to $263.35 billion. Imports during the same period rose 33.12 per cent to $436.81 billion, the data showed.
Indian IT & business services market reaches over $7 billion
The IT & Business Services market is projected to grow at a CAGR of 8.3 per cent between 2021-2026 and reach $20.5 billion by the end of 2026. Of the IT and business services market, the IT Services market contributed 78.5 per cent and grew by 8.1 per cent in the first half, compared to the 7.3 per cent growth in 1H 2021.
Google Play introduces UPI Autopay payment in India
"With the introduction of UPI Autopay on the platform, we aim to extend the convenience of UPI to subscription-based purchases, helping many more people access helpful and delightful services - while enabling local developers to grow their subscription-based businesses on Google Play," Saurabh Agarwal, Head of Google Play Retail & Payments Activation - India, Vietnam, Australia and New Zealand said in a statement.
Airtel 5G Plus goes live in Gurugram
The Airtel 5G services are currently operational at DLF Cyber Hub, DLF Phase 2, MG Road, Rajiv Chowk, Iffco Chowk, Atlas Chowk, Udyog Vihar, Nirvana Country, Gurugram railway station, Civil lines, Ardee city, Huda city center, Gurugram National Highway and few other select locations.
Emerging market governments, corporates face challenges, opportunities in decarbonisation
Exploring how the move toward net-zero is likely to reshape economies globally Moody's in its report said the carbon transition will like ly be more difficult for EM sovereigns because of typically higher exposure to social risks, weaker governance, and lower financial buffers.
Domestic investor holding at all time high
According to Pranav Haldea, Managing Director, PRIME Database Group, this further showcases the rise of domestic investors and the huge counter balancing role they have played to foreign investors. To also put this in perspective, as on March 31, 2015, FPI share was 23.30 per cent while the combined share of DII, retail and HNI was just 18.47 per cent.
2023 Sovereign credit outlook negative due to effects of high food & energy prices: Moody's
Credit-positive trends will be most evident for commodity producers -- especially energy exporters -- who will benefit from higher prices, while some other governments will also stand out for their broad resilience to the latest round of shocks, Moody's added.
ISRO's rocket launch and tracking fee is nominal: Skyroot Aerospace
"The Indian Space Research Organisation (ISRO) provides integration facility, launchpad, range communications and tracking support before and during our rocket launch," Pawan Kumar Chandana, CEO and Co-Founder told IANS.
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