Mukesh Ambani is again richest Asian person
India’s Mukesh Ambani is back to being the wealthiest person in Asia. Despite a brutal week for markets, his Reliance Industries Ltd was relatively unscathed as it said it would spin off its oil-to-chemicals business into an independent unit.
Scheduled international flight suspension extended
The government has extended suspension of scheduled international flights till March 31, 2021. However Vande Bharat Mission and scheduled flights under the travel bubbles India has so far created with 27 countries like US, Germany and France will continue and people eligible as per government norms can fly to and from India on them.
India's Q3 GDP growth at 0.4% as against -7.5% in September quarter
India's gross domestic product (GDP) for the third quarter (Q3) ended December 2020 stood at o.4 per cent, government data released on Friday showed. India posted de-growth of 23.9 per cent and 7.5 per cent in GDP in first and second quarters ended June and September 2020, respectively.
Sensex crashes 1,939 points: Key reasons behind the plunge
Equity indices fell sharply on Friday as a spike in global bond yields stirred up inflation worries and spooked investors across the world. The benchmark BSE sensex nosedived 1,939 points or 3.80 per cent to close at 49,100; while the broader NSE Nifty tanked 568 points or 3.76 per cent to close at 14,529.
Canada Pension Plan chief resigns after getting vaccinated against COVID-19 in Dubai
News/Business: The chief executive of the fund that manages Canada Pension Plan investments has resigned after it was revealed that he decided to travel to the United Arab Emirates, where he arranged to be vaccinated against COVID-19.
'Twitter will make its practices more transparent'
Twitter has said that social media entities are facing a "significant trust deficit" and pledged to make its content moderation practices more transparent, giving people more control as it strives to be among the most open companies globally.
Xiaomi boosts India phone making capacity by 20%
Chinese electronics giant Xiaomi is expanding its India phone production capacity by 20% and is looking to make gains from the government’s production-linked incentive (PLI) scheme by sourcing devices from local contract manufacturers that may include companies such as Optiemus Infra and Dixon.