News

OYO India CEO, Europe head move on Global hospitality technology major OYO India CEO Ankit Gupta and Europe head Mandar Vaidya have left the company. As per sources, Gupta is kicking off his own startup and amid the transition, is mentoring a senior OYO executive to take on his role in the country.  According to sources, his departure has been a cordial one as OYO charts a new course towards future growth. "Ankit Gupta and Mandar Vaidya moved on from their roles six months ago in March 2023. We are proud of ...
OYO India CEO, Europe head move on
OYO India CEO, Europe head move on
Source: IANS
6/09/2023 4:17:16 PM
Asia stocks fall as global growth concerns mount Asia stocks fell on Wednesday after weak economic data in China and Europe heightened concerns over global growth, while the dollar firmed as investors weighed the outlook for U.S. interest rates. MSCI's gauge of Asia Pacific stocks outside Japan was down 0.5% at 0143GMT. Australia's S&P/ASX 200 fell 0.55% even as second-quarter gross domestic product beat forecasts with a 0.4% rise. The Hang Seng Index and China's benchmark CSI300 Index both opened down about 0.3%. ...
Asia stocks fall as global growth concerns mount
Asia stocks fall as global growth concerns mount
Source: Reuters
6/09/2023 8:45:59 AM
Market sentiments this week to be driven by global cues In the absence of any major triggers from the domestic market, sentiments will be driven by global cues, including the release of US payroll and PMI data, says Vinod Nair, Head of Research at Geojit Financial Services. The domestic market witnessed a significant rally at the end of the week, driven by higher-than-expected domestic manufacturing PMI and positive GDP growth data, reflecting a robust economic outlook, he said. Favourable global cues also played a role in this upturn. Notab...
Market sentiments this week to be driven by global cues
Market sentiments this week to be driven by global cues
Source: IANS
3/09/2023 11:58:21 AM
India diesel exports to Singapore set for highs in August , drop for Europe -trade India's diesel exports to Singapore are set to hit a 19-month high in August and exceed 330,000 metric tons, boosted by cheaper freight costs and low inventories in the Asian oil hub, traders and analysts said. The country's exports of the fuel for August to Europe, on the other hand, are poised to fall to their lowest this year, according to one shiptracker, as shipments to the east are more profitable, but that situation may not last. The rise in Indian diesel exports to Singa...
India diesel exports to Singapore set for highs in August , drop for Europe -trade
India diesel exports to Singapore set for highs in August , drop for Europe -trade
Source: Reuters
24/08/2023 9:36:10 AM
Footwear industry to record 11% revenue growth in FY24: Crisil Ratings Crisil Ratings in its latest report has said softening input cost and rising demand will help the footwear industry to record an 11 per cent growth in revenue this fiscal (FY24). He stated footwear demand is seen clipping at 4 percent this fiscal. Moreover, it said domestic revenue is seen rising 10 per cent, driven largely by higher selling prices. This fiscal, the increase in average selling price will largely be due to a shift in the product mix towards higher-priced segments compared to p...
Footwear industry to record 11% revenue growth in FY24: Crisil Ratings
Footwear industry to record 11% revenue growth in FY24: Crisil Ratings
Source: Accord Fintech
23/08/2023 10:54:27 AM
Europe`s economy is growing again The euro area economy is growing again, but may struggle to maintain the momentum for the rest of the year, CNN reported. Gross domestic product across the 20 countries that share the euro currency rose by 0.3 per cent in the second quarter, compared with the previous three months, according to an official estimate published Monday. GDP had fallen by 0.1 per cent in the last three months of 2022, and stagnated in the first quarter of this year, CNN reported. Separately, official data...
Europe`s economy is growing again
Europe`s economy is growing again
Source: IANS
1/08/2023 9:58:18 AM
Yen pressured as traders wait on policy decisions The dollar and euro made firm starts on Monday to a week full of central bank meetings, while the yen was struggling as investors expect the Bank of Japan will be the odd one out as policymakers hike rates in Europe and the United States. The Federal Reserve concludes a meeting on Wednesday, followed by the European Central Bank a day later and the Bank of Japan on Friday. The yen had dived on the dollar and crosses last week following a Reuters report that the Bank of Japan was leaning...
Yen pressured as traders wait on policy decisions
Yen pressured as traders wait on policy decisions
Source: Reuters
24/07/2023 8:54:33 AM
Dollar firms, yen steady after Japan inflation holds above BOJ target The dollar was steady on Friday as data pointed to U.S. labour market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen strengthened after Japan's core consumer inflation re-accelerated in June. Central bank meetings from Europe, Japan and the United State are due next week, with investors parsing through data to better gauge monetary policy paths they will likely chart. The Japanese yen strengthened 0.08% to 139.97 per dollar aft...
Dollar firms, yen steady after Japan inflation holds above BOJ target
Dollar firms, yen steady after Japan inflation holds above BOJ target
Source: Reuters
21/07/2023 8:57:12 AM
Developed economies under stress, there is demand slowdown: Piyush Goyal Amid a dip in the country's exports, Commerce and Industry Minister Piyush Goyal has said that the developed economies are under stress, and there is a demand slowdown in the world market. India’s merchandise exports contracted by 22 per cent, the steepest decline in the last three years, to $32.97 billion in June 2023 as compared to $42.28 billion in June 2022 on account of global demand slowdown, especially in the Western markets like the US and Europe. The minister said &lsquo...
Developed economies under stress, there is demand slowdown: Piyush Goyal
Developed economies under stress, there is demand slowdown: Piyush Goyal
Source: Accord Fintech
18/07/2023 11:28:06 AM
EEPC urges India to pursue new FTAs with Latin American and African nations The Engineering Export Promotion Council (EEPC) India has released a strategy paper, urging the country to pursue new free trade agreements (FTAs) with Latin American and African nations to boost engineering shipments. The paper stressed on the importance of expanding market access and reducing risks associated with economic uncertainties. At present, around 40 countries account for over 87 per cent of India's engineering exports.  The strategy paper also highlighted the impact of...
EEPC urges India to pursue new FTAs with Latin American and African nations
EEPC urges India to pursue new FTAs with Latin American and African nations
Source: Accord Fintech
7/07/2023 1:14:15 PM
Cochin Shipyard rises as its arm bags order from Wilson Shipowning AS Cochin Shipyard is currently trading at Rs. 557.55, up by 8.45 points or 1.54% from its previous closing of Rs. 549.10 on the BSE. The scrip opened at Rs. 548.00 and has touched a high and low of Rs. 566.85 and Rs. 546.05 respectively. So far 103328 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 686.80 on 05-Dec-2022 and a 52 week low of Rs. 296.45 on 20-Jun-2022. Last one week high and low of the scrip stood ...
Cochin Shipyard rises as its arm bags order from Wilson Shipowning AS
Cochin Shipyard rises as its arm bags order from Wilson Shipowning AS
Source: Accord Fintech
15/06/2023 2:43:41 PM
Peak XV to further empower Indian startups: Sequoia's Roelof Botha Sequoia Capital India and Southeast Asia (SEA), now known as Peak XV Partners, will now operate as an independent firm that will provide more flexibility to further strengthen the market leadership position, Sequoia Capital's Managing Partner Roelof Botha said on Wednesday. Sequoia India and SEA is the largest venture capital firm in the region, managing over $9.2 billion across 13 funds. "Sequoia India and SEA have flourished under Shailendra Singh's leadership and we are ...
Peak XV to further empower Indian startups: Sequoia's Roelof Botha
Peak XV to further empower Indian startups: Sequoia's Roelof Botha
Source: IANS
15/06/2023 9:48:05 AM
Exclusive-Zurich Insurance eyes $400 million stake in general insurance arm of India's Kotak Zurich Insurance Group is in talks to buy up to 51% of India's Kotak General Insurance, two sources with direct knowledge of the matter said, a deal that would mark its first major bet on the fast-growing South Asian insurance market. Backed by Asia's richest banker Uday Kotak, the early-stage negotiations value the Indian company at around $800 million, and Zurich Insurance has expresed interest in both a minority stake of 49% or taking up a majority 51% stake, the sources said. ...
Exclusive-Zurich Insurance eyes $400 million stake in general insurance arm of India's Kotak
Exclusive-Zurich Insurance eyes $400 million stake in general insurance arm of India's Kotak
Source: Reuters
14/06/2023 2:52:57 PM
Global cellular IoT connections to surpass 6 bn by 2030: According to Counterpoint Research, over two-thirds of the total cellular IoT connections were in China last year, followed by Europe and North America. The cellular IoT market has seen remarkable growth amid the difficulties faced by various industries, such as inflation, macroeconomic headwinds and supply chain constraints. This growth has been fueled by the digital transformation initiatives taken by various industry applications, such as smart metres, automobiles and asset trackin...
Global cellular IoT connections to surpass 6 bn by 2030:
Global cellular IoT connections to surpass 6 bn by 2030:
Source: IANS
12/06/2023 5:14:54 PM
Analysts fear bear market rally on Wall Street could end up biting investors The S&P 500 is up nearly 20 per cent from its October 2022 lows and within striking distance of a bull market -- thats investor-speak for a period of time marked by rising stock prices and optimism on Wall Street, the media reported. But economists are warning investors to hold off on celebrating, at least for now. This could still be a bear market dressed in a bull's clothing, CNN reported. Markets have remained surprisingly resilient over the past nine months, as 2022 losers l...
Analysts fear bear market rally on Wall Street could end up biting investors
Analysts fear bear market rally on Wall Street could end up biting investors
Source: IANS
8/06/2023 2:22:53 PM
Sequoia to separate China, India and Southeast Asia by March 2024 Global venture capital giant Sequoia announced Tuesday that it is planning to separate China and India and Southeast Asia businesses into independent firms. In a statement signed by the firm's managing partners Roelof Botha, China head Neil Shen and India head Shailendra Singh, Sequoia said the China and India and Southeast Asia businesses will become completely independent partnerships and become distinct firms with separate brands no later than March 31, 2024. The firm's US an...
Sequoia to separate China, India and Southeast Asia by March 2024
Sequoia to separate China, India and Southeast Asia by March 2024
Source: Reuters
6/06/2023 5:32:23 PM
Sun Pharmaceutical Industries gains on entering into licensing agreement with Philogen Sun Pharmaceutical Industries is currently trading at Rs. 970.15, up by 10.95 points or 1.14% from its previous closing of Rs. 959.20 on the BSE. The scrip opened at Rs. 966.45 and has touched a high and low of Rs. 978.30 and Rs. 961.60 respectively. So far 47833 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1071.90 on 30-Jan-2023 and a 52 week low of Rs. 789.75 on 17-Jun-2022. Last one week high and low of th...
Sun Pharmaceutical Industries gains on entering into licensing agreement with Philogen
Sun Pharmaceutical Industries gains on entering into licensing agreement with Philogen
Source: Accord Fintech
31/05/2023 1:42:27 PM
India to lure manufacturers with electronics repair pilot project India will start a pilot project this week to establish itself as an electronics repair hub by relaxing cumbersome import-export rules, a move that could draw tech majors such as Flex to expand such operations in the country. Prime Minister Narendra Modi has promoted electronics manufacturing in India and attracted the likes of Apple and Xiaomi, but the country still lacks an industry for repair outsourcing which is estimated to be worth $100 billion globally and currently dominated by Chi...
India to lure manufacturers with electronics repair pilot project
India to lure manufacturers with electronics repair pilot project
Source: Reuters
30/05/2023 5:16:43 PM
Gold prices slip on US debt limit deal, Fed rate-hike bets  Gold prices edged lower on Monday as a tentative deal sealed over the weekend to suspend the U.S. debt ceiling coupled with jitters around higher-for-longer interest rates dampened demand for the non-yielding metal. Spot gold was down 0.1% at $1,944.09 per ounce by 0252 GMT, hovering near two-month lows hit on Friday. U.S. gold futures were listless at $1,943.30. Hurting gold's appeal as a safe-haven asset, U.S. President Joe Biden said on Sunday he had finalized a budget agre...
Gold prices slip on US debt limit deal, Fed rate-hike bets
Gold prices slip on US debt limit deal, Fed rate-hike bets
Source: Reuters
29/05/2023 9:23:55 AM
Polo Ralph Lauren opens first store in Mumbai Ralph Lauren unveils its first store in Mumbai located in the Phoenix Palladium Mall. The store will feature both Women's and Men's Collections and fuses elements of collegiate sports mixed with the great outdoors. Rustic oak flooring and planked wood wall panelling are paired with antique and vintage-inspired display cases and tables, as well as an eclectic mix of artwork and decorative props. The store aesthetic reflects the same sensibility as the brand itself - one that is both...
Polo Ralph Lauren opens first store in Mumbai
Polo Ralph Lauren opens first store in Mumbai
Source: IANS
27/05/2023 4:45:07 PM
Dollar ascendant amid resilient US economy, haven demand The dollar pushed to a two-month high against the euro and a six-month peak versus the yen on Thursday, as a resilient U.S. economy led traders to pare their bets on rate cuts this year. The greenback has also benefited from demand for safe havens, paradoxically as a U.S. debt ceiling impasse threatens a disastrous default as soon as June 1, when the Treasury has warned it would be unable to pay all its bills. The dollar touched $1.07425 per euro early in the Asian session for the first...
Dollar ascendant amid resilient US economy, haven demand
Dollar ascendant amid resilient US economy, haven demand
Source: Reuters
25/05/2023 9:02:34 AM
Europe okays Microsoft's $68.7bn acquisition of gaming giant Activision The European Commission on Monday approved, under the EU Merger Regulation, the proposed acquisition of gaming giant Activision Blizzard by Microsoft for $68.7 billion. The Commission said in a statement that it has based its decision on hard evidence, and on extensive information and feedback from competitors and customers, including from game developers and distributors as well as cloud game streaming platforms in the EU. The preliminary investigation found that Microsoft could harm c...
Europe okays Microsoft's $68.7bn acquisition of gaming giant Activision
Europe okays Microsoft's $68.7bn acquisition of gaming giant Activision
Source: IANS
16/05/2023 9:41:35 AM
9 European nations set to turn North Sea into green power plant Nine European countries have signed a declaration aimed at transforming the North Sea into a green power plant. The declaration, signed on Monday at the second North Sea Summit in Ostend, Belgium, sets ambitious targets including the production of at least 120 gigawatts (GW) of offshore wind energy in the North Sea by 2030, reports Xinhua news agency. The signatory countries also aim to double their total offshore wind capacity to at least 300 GW by 2050. Belgian Prime Minister Alexa...
9 European nations set to turn North Sea into green power plant
9 European nations set to turn North Sea into green power plant
Source: IANS
25/04/2023 4:51:00 PM
Microsoft launches PC Game Pass in 40 new countries Microsoft has launched the PC Game Pass service in 40 new countries after previewing the service in these countries over the past two months. The company announced the availability of PC Game Pass previews in these 40 new countries in February. "In February, we brought a preview of PC Game Pass to 40 new countries for the first time ever. The response was incredible," Microsoft said in a blogpost. "We're happy to announce that beginning later today all players in t...
Microsoft launches PC Game Pass in 40 new countries
Microsoft launches PC Game Pass in 40 new countries
Source: IANS
12/04/2023 2:14:09 PM
World food prices fall for 12th month running in March - FAO The United Nations food agency's world price index fell in March for a 12th consecutive month, and is now down 20.5% from a record high hit one year ago following Russia's invasion of Ukraine. The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 126.9 points last month against 129.7 for February, the agency said on Friday. It was the lowest reading since July 2021. The February reading was originally give...
World food prices fall for 12th month running in March - FAO
World food prices fall for 12th month running in March - FAO
Source: IANS
7/04/2023 2:07:41 PM
Fuels from Russian oil gets backdoor entry into Europe via India Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed. Access to cheap Russian crude has boosted output and profits at Indian refineries, enabling them to export refined products competitively to Europe and take bigger market share. Europe typically imported an average of 154,000 barrels per day (bpd) ...
Fuels from Russian oil gets backdoor entry into Europe via India
Fuels from Russian oil gets backdoor entry into Europe via India
Source: Reuters
5/04/2023 7:33:31 PM
Banks` gross NPAs to reduce further to decadal low of 3.8% by end of FY24: Crisil Credit rating agency Crisil in its latest report said that banks' gross non-performing assets (NPAs) will reduce further to a decadal low of 3.8 per cent by end of FY2023-24. The agency estimates NPAs to reduce to 4.2 per cent by end of the just concluded FY23 as against 5.9 per cent in the year-ago period. It had earlier estimated NPAs to come at 4 per cent by end of FY24. Crisil said a major factor influencing the bank NPAs is the improvement in the high-value corporate loanbooks, wh...
Banks` gross NPAs to reduce further to decadal low of 3.8% by end of FY24: Crisil
Banks` gross NPAs to reduce further to decadal low of 3.8% by end of FY24: Crisil
Source: Accord Fintech
5/04/2023 11:22:01 AM
India'`s surging services exports may shield economy from external risks A surge in India's services exports, which hit a record high in the October-December quarter, is expected to shield the economy from external risks as a slowing global economy will likely weigh on the country's merchandise exports. Service exports are no longer being driven by IT services alone but also by more lucrative offerings such as consulting and research and development, analysts and economists told Reuters. India's services exports rose 24.5% on year in October-Dece...
India'`s surging services exports may shield economy from external risks
India'`s surging services exports may shield economy from external risks
Source: IANS
3/04/2023 5:49:45 PM
Asia shares skittish as banks face default stress Asian shares struggled on Monday while U.S. and European stock futures edged higher on hopes authorities were working to ring fence stress in the global banking system, even as the cost of insuring against default neared dangerous levels. Helping nerves were reports First Citizens BancShares Inc was in advanced talks to acquire Silicon Valley Bank from the Federal Deposit Insurance Corp. S&P 500 futures firmed 0.3% and Nasdaq futures 0.2%. EUROSTOXX 50 futures rallied 0.9% and FTSE ...
Asia shares skittish as banks face default stress
Asia shares skittish as banks face default stress
Source: Reuters
27/03/2023 8:44:23 AM
Oil prices climb in relief rally as banking concerns ease  Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures gained 33 cents, or 0.4%, to $75.32 a barrel at 0040 GMT. U.S. West Texas Intermediate crude was at $69.65 a barrel, up 39 cents, or 0.6%. Brent rose 2.8% last week, while WTI rebounded 3.8% as jitters in the banking sector eased. "There has bee...
Oil prices climb in relief rally as banking concerns ease
Oil prices climb in relief rally as banking concerns ease
Source: Reuters
27/03/2023 8:41:13 AM
FM Nirmala Sitharaman reviews PSBs` performance amid banking crisis in US, Europe Union Finance Minister Nirmala Sitharaman chaired a meeting on Saturday to review the performance of Public Sector Banks (PSBs) on various financial health parameters. The Finance Minister underlined that PSBs "must look at business models closely to identify stress points, including concentration risks and adverse exposures". Sitharaman also exhorted PSBs to use "this opportunity" to frame detailed crisis management and communication strategies. During the review...
FM Nirmala Sitharaman reviews PSBs` performance amid banking crisis in US, Europe
FM Nirmala Sitharaman reviews PSBs` performance amid banking crisis in US, Europe
Source: IANS
25/03/2023 5:58:03 PM
Bank shares across Europe fall sharply ank shares across Europe have fallen sharply as worries over the financial strength of the sector return, media reports said. Shares in Germany's Deutsche Bank saw the biggest fall, dropping 13 per cent, and there was also a sharp jump in the cost of insuring against losses on its debt, BBC reported. Investors have already been spooked by the collapse of two US banks and the rushed takeover of Swiss giant Credit Suisse by its rival UBS. Stock markets in London, Germany and France...
Bank shares across Europe fall sharply
Bank shares across Europe fall sharply
Source: IANS
25/03/2023 9:59:59 AM
Finland to rebound from recession at year-end 2023: Finance Ministry Finland's economy will return to growth at the end of the year following a mild recession, the country's Ministry of Finance said in an economic survey. However, the general government deficit will grow as rising prices begin to be reflected in general government expenditure, it added on Thursday. Households have reduced their consumption as a result of rapid inflation and rising interest rates. Finland's economy has been in a mild recession since last autumn. This year, the...
Finland to rebound from recession at year-end 2023: Finance Ministry
Finland to rebound from recession at year-end 2023: Finance Ministry
Source: IANS
24/03/2023 11:19:53 AM
Indian rupee, bond yields await Fed policy move for cues This week, the Indian rupee and government bond yields are expected to take cues from the Federal Reserve's guidance at a pivotal monetary policy meeting amid the turmoil in the U.S. and European banking sectors. On Sunday, UBS Group AG sealed a deal to buy Credit Suisse for $3.23 billion, a historic move which was followed by global central banks assuring markets of adequate dollar liquidity via standing swap lines. The move could bring early relief to the market when they open on ...
Indian rupee, bond yields await Fed policy move for cues
Indian rupee, bond yields await Fed policy move for cues
Source: Reuters
20/03/2023 8:49:39 AM
Ukraine seeks to deepen integration into European energy market: Prime Minister Ukrainian Prime Minister Denys Shmyhal said his country is seeking to deepen integration into the European energy market amid Russia's ongoing war against Kiev. "We are committed to accelerating the integration of the EU and Ukrainian energy markets," Shmyhal said during the meeting with a delegation from the Energy Community Secretariat led by Director Artur Lorkowski. The Prime Minister said that joining the European network of electricity transmission system operators (...
Ukraine seeks to deepen integration into European energy market: Prime Minister
Ukraine seeks to deepen integration into European energy market: Prime Minister
Source: IANS
17/03/2023 1:29:52 PM
Ukraine, EU extend deal on road transport liberalisation till June 2024 Ukraine and the European Union (EU) have extended a deal on road transport liberalisation for one year till June 30, 2024, the Ukrainian government press service has reported. While commenting on the deal, Ukrainian Deputy Prime Minister Oleksandr Kubrakov said it has "proven its practical effectiveness" in the first months of being in place, Xinhua news agency reported. "During the period of its validity, the volume of bilateral and transit road freight traffic has incre...
Ukraine, EU extend deal on road transport liberalisation till June 2024
Ukraine, EU extend deal on road transport liberalisation till June 2024
Source: IANS
17/03/2023 11:36:20 AM
Dollar slips as banks rescue makes room for relief rally The dollar slipped on Friday as risk sentiment improved after authorities and banks moved to ease stress on the financial system in major markets, taking heat off other major currencies that tumbled earlier in the week in the wake of bank turmoil. Large U.S. banks on Thursday injected $30 billion in deposits into First Republic Bank, swooping in to rescue the lender, which was caught up in a widening crisis triggered by the collapse of two other mid-size U.S. banks over the past week. C...
Dollar slips as banks rescue makes room for relief rally
Dollar slips as banks rescue makes room for relief rally
Source: Reuters
17/03/2023 9:04:37 AM
Credit Suisse secures $54 billion lifeline as authorities rush to prevent global bank crisis Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis. The Swiss bank's announcement helped stem heavy selling in financial markets in Asian morning trade on Thursday, following torrid sessions in Europe and the United States overnight as investors fretted about potential runs on global bank deposits. In its statement earl...
Credit Suisse secures $54 billion lifeline as authorities rush to prevent global bank crisis
Credit Suisse secures $54 billion lifeline as authorities rush to prevent global bank crisis
Source: Reuters
16/03/2023 8:48:33 AM
Oil prices rise after buoyant U.S. payrolls Oil prices climbed more than 1% on Friday after better-than-expected U.S. employment data, though both benchmarks fell more than 3% on the week on U.S. interest rate hike jitters. Brent rose $1.19, or 1.5%, to $82.78 a barrel. U.S. West Texas Intermediate crude (WTI) was up 96 cents, or 1.3%, at $76.68. Expectations of further rate hikes in the world's largest economy and in Europe have clouded the global growth outlook and driven both crude benchmarks down this week. However, th...
Oil prices rise after buoyant U.S. payrolls
Oil prices rise after buoyant U.S. payrolls
Source: Reuters
11/03/2023 8:54:41 AM
Over 1.2 cr EVs sold in 2022 globally, may reach 1.7 cr by 2023 end The global passenger electric vehicle (EV) sales rose by 53 per cent (year-on-year) in Q4 2022 to bring the year's total to over 10.2 million (more than 1.2 crore) units, a report showed on Monday. Tesla's Model Y remained the best-selling model globally followed by China-based BYD's Song model. During Q4 2022, battery EVs (BEV) accounted for almost 72 per cent of all EV sales, while plug-in hybrid EVs (PHEVs) accounted for the rest, according to Counterpoint Research. Ac...
Over 1.2 cr EVs sold in 2022 globally, may reach 1.7 cr by 2023 end
Over 1.2 cr EVs sold in 2022 globally, may reach 1.7 cr by 2023 end
Source: IANS
7/03/2023 10:41:20 AM
Air India resumes Delhi-Copenhagen flight after 3 yrs With a view to strengthen its footprint in Europe, Air India has resumed its non-stop service on the Delhi-Copenhagen-Delhi sector after three years. This service will further strengthen Air India's foothold in Europe, after the recently resumed flights to Vienna and Milan, the airline said. Passengers can now conveniently fly non-stop to Copenhagen, a popular tourism and business centre and an educational hub of Europe. It is one of the most alluring Scandinavian destinations, k...
Air India resumes Delhi-Copenhagen flight after 3 yrs
Air India resumes Delhi-Copenhagen flight after 3 yrs
Source: IANS
3/03/2023 9:38:27 AM
Oil prices head for weekly gain on China growth hopes Oil prices slipped in early trade on Friday but were on track to post gains of nearly 2% for the week as a rebound in China's factory activity offset growing concerns about rising U.S. crude stocks and potential rate hikes in Europe. Brent crude futures fell 39 cents, or 0.5%, to $84.36 a barrel at 0147 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 41 cents, or 0.5%, at $77.75 a barrel%. Despite opening lower on Friday, Brent has climbed about 1.6% so far this week...
Oil prices head for weekly gain on China growth hopes
Oil prices head for weekly gain on China growth hopes
Source: Reuters
3/03/2023 8:49:17 AM
German Economy shrinks 0.4% in Q4 2022 Germany's gross domestic product (GDP) in the fourth quarter (Q4) of 2022 declined 0.4 per cent on the previous quarter, the Federal Statistical Office (Destatis) said. "The German economy markedly lost momentum at the end of the year," Destatis said in a statement. Early figures had still indicated a milder decline of only 0.2 per cent, Xinhua news agency reported. Soaring energy prices pushed inflation in Europe's largest economy above the 10 per cent mark at the end...
German Economy shrinks 0.4% in Q4 2022
German Economy shrinks 0.4% in Q4 2022
Source: IANS
25/02/2023 10:53:37 AM
Indian economy to grow at 7% despite global headwinds, says monthly economic review Despite the global economy operating under an extremely challenging macroeconomic environment like the geopolitical tensions in Europe, spiralling energy, food and fertiliser prices, monetary tightening and inflationary trends having elevated the downside risks to the global economic outlook, the Indian economy is estimated to grow by 7 per cent year-on-year in the current fiscal. The monthly economic review for January 2023 released by the finance ministry on Thursday, said that the measu...
Indian economy to grow at 7% despite global headwinds, says monthly economic review
Indian economy to grow at 7% despite global headwinds, says monthly economic review
Source: IANS
23/02/2023 2:56:38 PM
India's aspiration to build world-class Universities: Role of international collaborations The University of Virginia has inaugurated a new partnership with the O.P. Jindal Global University (JGU) -- one of India's leading private universities located near New Delhi -- to provide a significant new platform for student and scholar exchange, joint research on topics of global importance such as democracy and environmental sustainability, and a general expansion of UVA's engagement in India. UVA Provost Ian Baucom and JGU Vice Chancellor Raj Kumar signed a Memorandum of Und...
India's aspiration to build world-class Universities: Role of international collaborations
India's aspiration to build world-class Universities: Role of international collaborations
Source: IANS
23/02/2023 12:51:36 PM
Air India seals record order for almost 500 Airbus, Boeing jets Air India unveiled deals on Tuesday for a record 470 jets from Airbus and Boeing, accelerating the rebirth of a national emblem under new owners Tata Group as Europe and the United States hailed deepening economic and political ties with New Delhi. The provisional deals include 220 planes from Boeing and 250 from Airbus and eclipse previous records for a single airline as Air India vies with domestic giant IndiGo to serve what will soon be the world's largest population. U.S. Presid...
Air India seals record order for almost 500 Airbus, Boeing jets
Air India seals record order for almost 500 Airbus, Boeing jets
Source: Reuters
15/02/2023 9:41:34 AM
Trigyn Technologies shines on getting LoA from Ministry of External Affairs Trigyn Technologies is currently trading at Rs. 99.75, up by 7.20 points or 7.78% from its previous closing of Rs. 92.55 on the BSE. The scrip opened at Rs. 97.75 and has touched a high and low of Rs. 103.00 and Rs. 97.75 respectively. So far 74764 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 168.30 on 11-Apr-2022 and a 52 week low of Rs. 85.85 on 26-Dec-2022. Last one week high and low of the scrip stood at...
Trigyn Technologies shines on getting LoA from Ministry of External Affairs
Trigyn Technologies shines on getting LoA from Ministry of External Affairs
Source: Accord Fintech
13/02/2023 3:44:42 PM
Renault Nissan to invest $600 million, launch six new models The French-Japanese Renault-Nissan alliance will invest $600 million (Rs 5,300 crore) over a five year period in India to roll out more models including EVs and also in the research and development (R&D), said a senior official. The Renault Nissan Automotive Pvt Ltd signed a MoU with the Tamil Nadu government for investing Rs 3,300 crore in the first phase of the investment plan, a state government statement said. Announcing the new investment, Nissan Motor Company Director and Chie...
Renault Nissan to invest $600 million, launch six new models
Renault Nissan to invest $600 million, launch six new models
Source: Reuters
13/02/2023 11:58:02 AM