BUSINESS
Diwali Muhurat Trading: Invest in WealthBaskets for long-term wealth creation
It enables innovative investment and wealth products and solutions like direct equity and ETF-based WealthBaskets from SEBI registered professionals to reach millions of Indians with broking accounts.
France spends $7.3bn on massive future investment plan
In a statement on Wednesday, the government said that it has scaled up financial support for 810 projects in the past year, including building a semiconductor factory, developing hydrogen technologies and manufacturing a quantum computer, reports Xinhua news agency. The country also set up several investment funds to support the growth of innovative small and medium-sized enterprises (SMEs) in the fields of ecological and energy transition.
Penalties on OYO, MakeMyTrip, GoIbibo biggest win for hospitality sector: FHRAI
Reacting to the development, FHRAI Executive Committee member and Hotel and Restaurant Association of Western India (HRAWI) President Pradeep Shetty said that it was on the basis of their complaint that OYO and Go-MMT were being investigated upon.
India at no. 3 on list of centi-millionaires, to overtake China by 2032: Report
Out of the world's 25,490 centi-millionaires, India has 1,132, beating countries like the UK, Russia and Switzerland, in a swift growing and powerful class of super-rich tech titans, financiers, multinational CEOs, and heirs.
Austria's inflation hits 70-year high
Statistics Austria said on Wednesday that the September inflation rate was 1.2 percentage points above that registered in August and exceeded the high inflation levels "during the oil crisis in the 1970s", reports Xinhua news agency.
Competition Commission penalises OYO, GoIbibo, MakeMyTrip
"Based on the complaints filed by us back in 2019, Oyo and Go-MMT were under investigation by the CCI for indulging in anti-competitive conduct. The CCI had then identified a case for investigations into both the entities' business practices under Section 26(1) of the Competition Act, 2002. Today, the CCI has imposed penalties of Rs 223 crore and Rs 168 crore on Go-MMT and Oyo for anti-competition practices.
Tesla doubles net income to $3.3 bn in Q3, automotive sales up 55%
In a letter to the shareholders, the electric car-maker said late on Wednesday that the third quarter was another strong quarter with record revenue, operating profit, and free cash flow. "In the last 12 months, our free cash flow exceeded $8.9 billion. Our operating margin reached 17.2 per cent in Q3," the company said in a statement.
Israel to issue govt bonds on blockchain platform for 1st time
The pilot issuance of digital government bonds will be conducted by the digital-asset technology companies VMware and Fireblocks, Xinhua news agency reported, citing the statement. As part of the issuance, leading international and local banks will participate in a live test, during which they will be connected to a dedicated blockchain system. The new platform for the trading and clearing of digital assets, based on the innovative technologies of blockchain, smart contracts, and tokenization, will be developed by TASE and selected technology vendors.
Musk says overpaying for Twitter but it has 'incredible potential'
In an earnings call after posting strong Tesla quarterly results, Musk said late on Wednesday that Twitter has "incredible potential". "The long-term potential for Twitter, in my view, is an order of magnitude greater than its current value," he told analysts. "I am excited about the Twitter situation because obviously, I know that part incredibly well.
Indigo tops with 57.7% market share in Sep, Vistara, Air India second and third
As per the aviation regulator's data for September, Indigo carried 59.72 lakh air passengers during the month while Vistara carried 9.96 lakh air passengers. Air India was at third position with 9.49 lakh passengers and 9.2 per cent market share. Similarly, Go Air, with 8.15 lakh air passengers, had a market share of 7.9 per cent during September.
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