BUSINESS
Informal sector unaffected by 2-day strike call: CAIT
The banks are observing the strike on Monday (March 28) and Tuesday (March 29) to protest against the Banking Laws (Amendment) Bill, 2021, and are opposing the privatisation of public sector banks. Apart from banking, the trade unions of telecom, oil, income tax, postal, coal, steel, copper, and insurance sectors might back the strike.
Indian airports expected to become profitable in FY23
"Resumption of international commercial operations would accelerate the traffic recovery. Southeast Asia, Middle East and Europe are expected to be the major destinations driving the demand. The yield per passenger is much higher for the international sector both from aero and non-aero revenues perspective which is a positive for airport operators," said Rajeshwar Burla, Group Head, Corporate Ratings, ICRA.
Normalcy in war, aggressive US Fed stance to ease gold prices: Emkay Wealth
"Except for the UK, the interest rates in the rest of Europe have not been hiked so far, and it is felt that it may be delayed," the wealth management firm said. An aggressive stance by the US Fed is likely to cause some problems as the US dollar yields rise and the currency strengthens. However, the prices of commodities quoted in US dollars is likely to gradually ease.
Potential homebuyers see price rise in real estate over high input costs
The potential buyers are looking for flexible payment plans along with discounts while deciding on making purchases of their dream homes, the survey revealed. Digital real estate platform Housing.com along with leading industry body NAREDCO has conducted a survey of more than 3,000 people to gauge consumer sentiments for the first half of 2022 calendar year.
Bitcoin swindlers targeting iPhone, Android users via romance apps
The international cryptocurrency trading scam called CryptoRom, unearthed by cyber-security firm Sophos, has become well-organised and targets victims all over the world. In one case, a victim was charged $625,000 to regain access to the $1 million he had invested in a fake crypto-trading scheme, recommended by someone he had met on an online dating platform.
PVR, INOX Leisure shares surge on merger announcement
At 1.28 p.m. on Monday, the shares of PVR traded at Rs 1,875, up 3 per cent, whereas INOX Leisure at Rs 519, up over 10 per cent. As per reports, the shares of the two companies surged as much as 10 per cent and 20 per cent, respectively, in the opening session on Monday. Film exhibition majors, PVR and INOX Leisure on Sunday announced merger and their Boards approved an all stock amalgamation of INOX with PVR.
Oil prices fall as China imposes largest lockdown in Shanghai
While Brent crude lost more than $3 a barrel on concerns that the move would mean that demand for oil will fall, the Shanghai Composite stock index fell in early trade before regaining most of the losses later in the morning. Until now, Chinese authorities had resisted locking down the city of almost 25 million people to avoid destabilising the world's second largest economy.
Adani Group picks Google Cloud to boost digital transformation
"The inevitability and pace of cloud adoption mandates that every business redefine its business model. This provides new challenges and new opportunities that will not only be transformational but will also require new forms of industry collaboration, said Gautam Adani, Chairman, Adani Group.
Indian equities extend losses; Sensex down over 300 pts
India's key equity indices -- Sensex and Nifty -- extended their losses from the previous week to trade lower in early trade on Monday. At 9.54 a.m., Sensex was 0.6 per cent or 318 points down at 57,044 points, whereas Nifty was 0.5 per cent or 92 points down at 17,061 points. Among the stocks, UPL, HDFC, HDFC Bank, Dr Reddy's, and Kotak Mahindra Bank were the top five losers among the Nifty 50 companies, while Bajaj Auto, Cipla, Bharti Airtel, ONGC, and Hindalco were the top five gainers, NSE data showed.
Post Pandemic: International ops to give wings to India's aviation industry
The reinstatement of regular international flight operations is expected to boost the pandemic battered civil aviation industry in India. On Sunday, scheduled commercial international passenger services to and from India were restarted. The Centre has allowed over 3,200 flights per week from India during this year's summer schedule which commenced on Sunday.
Don't Miss
Advertisement