Airline business The takeover of Thiruvananthapuram International Airport operations comes despite opposition from the state government and the Airports Authority employees’ union, which had filed a lawsuit opposing airport privatisation.From October 14, the Adani Group will take over the operations and management of Thiruvananthapuram International Airport.
Category Archives: Business
Salman Khan launches his NFT collection soon
Entertainment(Digital artwork exchange) Salman Khan launches his NFT collection soon following Amitabh Following in the footsteps of megastar Amitabh Bachchan, Bollywood actor Salman Khan will soon release a collection of NFT (non-fungible tokens) for his fans. Bollycoin, a Bollywood NFT marketplace, has partnered with the actor. “NFTs leke, aa raha hoon main. Salman Khan StaticContinue reading “Salman Khan launches his NFT collection soon”
Coal India scales up; ICRA slashes growth forecast for auto components and more
Expenditure weight on Fuel consumers Global energy prices have continued to rise, putting downward pressure on consumer spending. Oil prices have risen yet again as major producers’ supply restraint during an energy crisis has dealt a blow to major economies. Diesel prices in India rose for the seventh day in a row today. Today, theContinue reading “Coal India scales up; ICRA slashes growth forecast for auto components and more”
Tata Motors raise to $1 billion in plug-in electric vehicle business, with a valuation of up to $9.1 billion.
Business(Automobiles – E-vehicle) Tata Motors Ltd (TML) announced on Tuesday that it has entered into a binding agreement with private equity investor TPG Rise Climate and co-investor ADQ to invest Rs 7,500 crore in a Tata Motors subsidiary that will be newly incorporated to manage the company’s electric vehicles (EV) business, according to a statement.Continue reading “Tata Motors raise to $1 billion in plug-in electric vehicle business, with a valuation of up to $9.1 billion.”
India plans to install 450 GW of renewable energy capacity by 2030,MNRE.
Electricity(Solar energy – Renewable source) India is on track to reach 450 GW of installed renewable energy capacity by 2030, according to the Ministry of New and Renewable Energy (MNRE). The MNRE, in collaboration with FICCI, hosted a series of events from October 6 to 8 during Expo 2020 Dubai’s Climate and Biodiversity Week. India’sContinue reading “India plans to install 450 GW of renewable energy capacity by 2030,MNRE.”
Airtel Satellite Internet Coming Soon, As ISRO Rockets To Launch OneWeb In Space
Space(satellite internet) UK-based global communication satellite company OneWeb, of which Bharti Airtel is the largest shareholder, has entered into an agreement with the Indian Space Research Organisation to launch its satellites aboard its heaviest launch vehicle GSLV-MK III, as well as PSLV.
The head of the World Bank has called for ‘comprehensive’ debt relief for developing countries.
Economy(Accountancy) Net inflows of $117 billion from multilateral creditors to low- and middle-income countries are expected in 2020. Due to the pandemic, debt loads in low-income nations increased by 12% to a record $860 billion in 2020, causing World Bank President David Malpass to call for a “comprehensive plan” to address the problem on Monday.
Molnupiravir, a drug developed by Merck, could be the world’s first treatment for Covid-19.
Medicine (oral medication against Covid-19) Merck has asked for an emergency use authorization for an oral medicine that reduces hospitalisation and death by approximately half. Merck will be the first tablet to be approved by the Food and Drug Administration (FDA) in the United States, despite the enormous number of vaccines against the deadly coronavirus.Continue reading “Molnupiravir, a drug developed by Merck, could be the world’s first treatment for Covid-19.”
Vehicle sales in China, the world’s largest car market, are down 20%.
Automobile marketing The Chinese automotive industry, the world’s largest, is still in trouble, with sales in September falling 19.6% compared to the same month in 2020. This was the fifth month in a row that sales in the world’s largest auto market fell. The worldwide chip scarcity is having an impact all across the world,Continue reading “Vehicle sales in China, the world’s largest car market, are down 20%.”
Over ten crore Indians possess cryptocurrencies, making it the world’s largest market.
Technology (cryptocurrency) Even while investors await the official ruling on cryptocurrency exchanges in India, Indians are exceeding the rest of the globe in terms of bitcoin adoption.According to the annual crypto proliferation index produced by the web BrokerChoose, India has the greatest number of crypto owners in the world, with over 10 crore, followed byContinue reading “Over ten crore Indians possess cryptocurrencies, making it the world’s largest market.”
D-market Mart’s capitalization has surpassed Rs 3 trillion, with the stock up 70% in 2021.
Business(marketing capitalization) Avenue Supermarts, the owner of the D-Mart hypermarket chain, has entered the top 15 most valuable firms by market capitalisation, with its m-cap crossing the Rs 3 trillion barrier on Monday, when its shares touched a new high of Rs 4,800 before closing at Rs 4,716. In 2021, the stock has increased byContinue reading “D-market Mart’s capitalization has surpassed Rs 3 trillion, with the stock up 70% in 2021.”
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