Regions like North Asia, Europe and China compete over finite supply of fuels like coal & natural gas used to heat household & power factories. This has pushed the price of natural gas & electricity to record levels fueling inflation and threatening to stall the economic recovery; just when businesses reopen and people return to office.
Higher infrastructure spending by the government, an upturn in housing construction and an overall improvement in the macroeconomic conditions are expected to drive volumes in cement, paint and ceramic tiles. A number of players are expanding their businesses around the country, owing to increased customer base, enhanced effective operations, developed product portfolios and expanded geographical reach.
Equity markets worldwide turned choppy this past week, as jittery investors navigated uncertain currents. After a short bout of divergence, the Indian bourses returned to echoing global markets and displayed whipsaw movements in tandem with the overseas peers.
Jio added 6.1 million active users in July taking its active user base to 347 million. Airtel, by comparison, added 2.3 million, and its resultant active user base was a tad lower at 346 million, an analysis of latest subscriber data put out by the sector regulator showed. The active user base reflects the actual number of customers actively using a mobile network.
Oyo is looking to raise $1-1.2 billion in its upcoming IPO at a valuation of $12-15 billion. Existing investors are likely to sell some stake via an offer for sale, but founder Ritesh Agarwal is unlikely to sell any of his 30% stake in Oravel Stays.
The Indian spirits and beer industry is heavily regulated with state-specific rules, ever increasing taxes, price control, distribution model changes as well as political interference.
In an effort to grow Spaces, Twitter will launch a creator fund to provide financial, technical and marketing support to users who host recurring audio programming on Spaces.
Two separate orders were issued by the Securities and Exchange Board of India (Sebi) on Friday in this regard.
French investment bank Societe Generale today bought 3.2 million shares of Axis Bank at Rs. 793.1 apiece through a block deal on the BSE.
The bond issue committee of its board of directors, through a resolution on Friday, approved an allotment of 7,922,755 non-convertible debentures (NCDs) of a face value of Rs 1,000 each aggregating to Rs 7,922,755,000 on a public issue basis, Indiabulls Housing Finance said in a regulatory filing.
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