BUSINESS
Probe into IndiGo incident reveals engine number 2 stalled
A senior DGCA official said that on October 28, 2022 Indigo A320Ceo aircraft VT-IFM operating flight 6E-2131 (Delhi-Bengaluru) was involved in reject takeoff as Engine 2 Fail warning came. Loud bang was heard and the fire extinguisher bottle was discharged. Aircraft returned to the bay. It has been grounded for inspection, said the official.
'Date of SIP investment doesn't matter'
According to a study made by the company, the date of investment does not make any difference as regards returns. "The study of the last 26 years' index data reveals no meaningful difference between the average return of different dates' 10 years SIPs," WhiteOak AMC said. In the long term it hardly matters if the investor invests via Daily, Weekly, or Monthly SIP Frequency, as per the company.
Employees not forced to resign, it's part of 5% workforce reduction: BYJU's
Earlier this month, BYJU's had announced to reduce 5 per cent of its 50,000-strong workforce (about 2,500 people), which will be "rationalised across product, content, media, and technology teams in a phased manner" in a bid to consolidate its India business.
Global smartphone market sinks to lowest Q3 level since 2014
According to Counterpoint Research, the smartphone market remained under pressure given deteriorating economic conditions. Ongoing international political tensions resulting in economic uncertainty hit the smartphone market, even though it reversed its slide below the 300-million-mark last quarter thanks to a slight quarterly recovery in Apple and Samsung shipments, according to the report.
Italy's inflation reaches nearly 40-year high in October
The figure was 3 percentage points above the then-record 8.9-per cent of annual inflation in September, and it was the highest since 1983 in Italy, Xinhua news agency reported. It was also the first time that the country's inflation experienced double digits since Italy's adoption of the euro currency in 1999.
Inflation continues to fall in Spain
This is the lowest level in eight months, and 3.5 per cent below the 28-year high of 10.8 per cent registered in July, Xinhua news agency quoted the INE as saying on Friday. Since then, the inflation rate has fallen for three consecutive months, with a drop of 0.3 percentage points in August, 1.6 percentage points in September and another 1.6 percentage points in October.
Pakistani rupee continues downward trajectory
Friday's continuation comes after the US dollar closed at 221.50 rupees on Thursday, and on the last working day of the week the local currency depreciated by 0.97 rupee, or about 0.44 per cent, against the US dollar, Xinhua news agency reported citing official figures.
RBI can argue its case for not curbing inflation
The RBI's Monetary Policy Committee (MPC) will meet on November 3 to discuss what it would tell the Centre as to why it was not able to restrain the inflation. The RBI may also sound out the Central government as to the course of inflation as well as the reasons as to why it may be at the elevated levels.
German inflation spikes to highest in 32 years
Energy prices in Europe's largest economy soared 43 per cent year-on-year and continued to have a "substantial impact on the inflation rate", Destatis said on Friday. Food prices also outgrew overall inflation levels and were up 20.3 per cent, Xinhua news agency reported citing the Office as saying.
French GDP growth slows down to 0.2% in Q3 2022
Following the stagnation of the first quarter of 2022 (Q1), the GDP recovered by 0.5 per cent in the second quarter (Q2), Xinhua news agency reported citing the Institute as saying on Friday. According to INSEE, the country's final domestic demand contributed positively to GDP growth in Q3 by 0.4 points, while net foreign trade contributed negatively by 0.5 points. "Imports were more sustained than in the second quarter, in particular for goods, while exports continued to slow down due to the decline in services exports," it explained.
Don't Miss
Advertisement