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Aluminium price spike to benefit Indian producers, but a risk lies in wait

A tapering of aluminium output in China due to coal shortage is giving wings to already high aluminium prices

Asia#39;s airlines ramp up flights, offers as tough COVID travel curbs ease

Asian travel agencies and carriers told Reuters they#39;re seeing a surge in bookings and travel enquiries as countries like Malaysia and Vietnam allow domestic flights to resume from this week after months of strict lockdowns.

M-cap of BSE-listed companies at fresh record high of over Rs 270.24 lakh crore

Rallying for the fifth straight session on Wednesday, the 30-share BSE benchmark jumped 376.44 points to its all-time high of 60,660.75.

India looks at close to double digit growth this year: Finance Minister Nirmala Sitharaman

The minister also emphasised that she expects the economic growth next year to be in the range of 7.5-8.5 per cent, which will be sustained for the next decade.

CarDekho raises $250 million to accelerate growth

The Jaipur-based firm said it has raised $200 million in Series E funding and $50 million debt in its pre IPO round.

Tata Motors offers TPG multiple exit options, including IPO, from EV arm 

A TPG-led round of $1 billion will give Tata Motors’ new EV subsidiary a valuation of $9.1 billion, making it the most valuable company in the EV category in India

CarDekho turns unicorn, valued at $1.2 billion in pre-IPO round 

The car sales platform has raised $250 million in equity and debt funding from LeapFrog Investments, Mirae Asset, Franklin Templeton, Canyon Partners and Harbor Spring Capital, in a round that made it India’s 33rd unicorn in 2021. 

Cabinet okays Rs 28,655 crore subsidy on PK fertilisers for rabi season to benefit farmers

The Centre is supporting farmers and the agricultural sector by continuing the present subsidy levels and giving special packages of additional subsidies for DAP and three mostly consumed NPK grades.

European Union holds world#39;s largest #39;green bond#39; sale

#39;This represents the world#39;s largest green bond issuance ever,#39; said the bloc#39;s executive, adding that demand by investors exceeded 135 billion euros.

Americans quit their jobs at a record pace in August

The data helps fill in a puzzle that is looming over the job market: Hiring slowed sharply in August and September, even as the number of posted jobs was near record levels.

Oil whipsaws in volatile session on energy crunch fears

Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation.

Govt accords #39;Maharatna#39; status to Power Finance Corporation

The grant of #39;#39;Maharatna#39;#39; status to PFC will impart enhanced powers to PFC#39;s board while taking financial decisions.

Google Cloud unveils carbon footprint tracker, satellite imagery suite

Google#39;s new carbon footprint reporting tool, similar to one Microsoft already provides, shows the emissions associated with the electricity that was used to store and process a customer#39;s data.

NTPC says Delhi discoms scheduling only 70% of power available with them

In a fact sheet on the power supply situation in Delhi, the power ministry stated that the maximum demand of Delhi was 4,536 MW (peak) and 96.2 MU (energy) on 10 October, 2021.

Wall Street open a bit higher ahead of earnings, inflation data

Technology stocks were doing better than the rest of the market, and that helped send the Nasdaq up 0.3%.

Kerala Blockchain Academy offers two free courses

Both courses are kept open for the public of any educational background including students, graduates and professionals. There is no distinction in the discipline of study.

I-T Department detects Rs 750-crore undisclosed income after raids on Bengaluru contractors

#39;Investigation found that one of the groups has booked bogus sub-contract expenses in the name of about 40 individuals of no means and unconnected to the construction business,#39; the Central Board of Direct Taxes, the policy-making body for the tax depar

World Economic Outlook| IMF foresees a slight drop in global growth from coronavirus pandemic

The IMF predicts that for the world#39;s advanced economies as a whole, growth will amount to 5.2% this year, compared with a meager predicted gain of 3% for low-income developing countries.

India allows power plants to blend imported coal with local grade

Asia#39;s third-largest economy is facing large-scale outages as several power plants have low coal inventories amid a sharp spike in global energy prices.

Silver moves above Rs 61,800 on sliding rupee, subdued trend in gold and dollar

The spot gold-silver ratio was at 77.97 to 1, indicating that gold outperformed silver

Brokerage house Angel One adds 2.38 million customers during April-September

Angel went public with a Rs 600-crore IPO in September 2020, closed FY21 with 4.12 million customers, up from just 1.82 million in FY19.

Gold loan NBFCs may see 18-20% growth in assets under management this fiscal: Report

CRISIL Ratings in a report on Tuesday also said demand for gold loans from micro enterprises and individuals -- to fund working capital and personal requirements, respectively -- has increased with the pick-up in economic activity and the onset of the festiv

Natural gas futures slide for fourth day in a row; price drops below Rs 400/mmBtu

Natural gas has been trading higher than 50, 100, and 200-day simple moving averages but lower than the 5 and 20 days#39; moving averages on the daily chart.

TDSAT puts encashing of bank guarantees in Airtel, VIL penalty case on hold till next hearing

The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) bench headed by Justice Shiv Kirti Singh listed the matter for hearing on October 26.

Housing.com ties up with MyGate to expand base, property listings

The partnership would enable users of MyGate#39;s newly-launched property platform, MyGate Homes, to simultaneously list their properties on Housing.com.

Zetwerk closes Rs 500 crore financing agreement with TradeCred

As many as 13 family offices are part of the financing agreement.

Hubilo raises $125 million funding

Lightspeed Venture Partners and Balderton Capital also participated in the series B round. This brings the company#39;s total fund raise to $153 million to date.

Loans will be the key to banks’ future fortunes

The banks’ Wall Street operations are expected to report strong results from deal-making.

US, European funds race to invest in Paytm public issue: Report

Paytm, which is seeking to raise $2.2 billion, is aiming for a pre-Diwali IPO launch and is awaiting approval from market regulator Securities and Exchange Board of India (SEBI).

LT Construction bags #39;significant#39; orders for various businesses

The company did not provide the value of the contracts, but said the orders fall under the significant category, which ranges between Rs 1,000 crore and Rs 2,500 crore, according to the classification of contracts.

Mundra port drugs seizure: NIA conducts searches in NCR

The federal agency early this month took over the case from the Directorate of Revenue Intelligence (DRI) on directions of the Union Home Ministry and registered a criminal complaint under sections of the Narcotic Drugs and Psychotropic Substances Act and th

BPCL privatisation not to impact upcoming petrochemical park: Kerala govt

Industries Minister P Rajeev told the state Assembly that the Kerala Industrial Infrastructure Development Corporation (KINFRA) and the public sector oil company had signed an MoU last month to ensure availability of raw materials to the enterprises launchin

Explainer: Nobel Economics Prize of 2021

The Nobel Prize in Economics for 2021 has been awarded to three economists: David Card, Guido Imbens and Joshua Angrist. This explainer discusses the work of the three economists which led the Nobel Committee to award them the prize. 

Amazon to allow employees to work remotely indefinitely

The new policy was announced in a blog post and is a change from Amazon’s previous expectation that most employees would need to be in the office at least three days a week when offices reopen from the COVID-19 pandemic in January.

A lot more on the plate: Ola Cars looks beyond selling just used cars

Ola Car’s vision is to offer the full spectrum of vehicle commerce – from buying a vehicle to selling it and everything in between

Vistara lessor looks to set up aircraft-leasing unit in GIFT City

Managing Director and Chief Executive Officer Robert J Martin says the taxes in GIFT City are favourable, and the company is now studying funding-related aspects. Most probably, BOC Aviation will open a separate entity in 2022, he says.

Looking forward to working with India to make it energy independent by 2047: ExxonMobil leadership

Peter Lavoy, Senior Director, Asia Pacific, International Government Relations at ExxonMobil, made the remarks after his meeting with Finance Minister Nirmala Sitharaman here on Monday.

Cerberus, Oaktree and JC Flowers shortlisted for Yes Bank’s planned ARC

Cerberus is said to be the frontrunner. Process advisor EY had indicated that applicants ready to infuse Rs 1,500-2,000 crore would be given preference

Tata Power Solar bags orders worth Rs 538 crore from EESL

Tata Power Solar Systems Limited (Tata Power Solar), leading integrated solar company and a wholly-owned subsidiary of Tata Power, has received a «Letter of Award» (LoA) to build 100 MW of distributed ground-mounted solar projects for EESL.

Looking forward to investing #39;even more#39; in India: Bain Capital leadership after meeting with Nirmala Sitharaman

Bain Capital Co-Chairman Stephen Pagliuca and Co-Managing Partner John Connaughton met Finance Minister Nirmala Sitharaman here on Monday, with Pagliuca describing the meeting as “fantastic”, during which they talked about the Financial Services Dis
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