Business

'Q3 growth shows eco returned to pre-pandemic times'

The GDP growth of 0.4 per cent in the December quarter shows that the economy has returned to pre-pandemic times and reflects further strengthening of a V-shaped recovery, the finance ministry said on Friday.

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.

Q3 GDP growth at 0.4%: What experts said

India's economy expanded by 0.4 per cent year-on-year in the October-December quarter, returning to growth after shrinking for two straight quarters, government data showed on Friday.

WestJet to lay off undisclosed number of pilots amid labour negotiations

News/Canada/Calgary: WestJet Airlines Ltd. says it is laying off an undisclosed number of pilots amid negotiations with the union that represents them.

Sensex sees worst day in 10 months, sinks 3.8%

Markets: Global bond yields soar, rupee plunges

Coffee output may drop as rain lashes plantations

Industry: Arabica, robusta production impacted

Core sector output rises 0.1% in January

Business: Power, fertilizers, steel aid growth

Natco Pharma unveils drug to treat epilepsy

Business: Natco Pharma has unveiled Brivaracetam tablets, indicated for treatment of epilepsy, under the Brecita brand in the country. Brivaracetam is developed

India ‘out of recession’, GDP grows 0.4%

Economy: Agri stays resilient, manufacturing returns to growth; NSO widens FY21 estimate to 8% contraction

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.

India still needs effective public sector banks, insurers: PM

National: He promises to pursue more banking reforms.

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.

Public sector should participate in banking, insurance: PM Modi

Hyundai bought chips when rivals didn't; its assembly lines are still rolling

Technology: The South Korean automaker kept buying chips even as rivals cut orders to reflect diminished demand because of the pandemic

'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.

Eight core industries' output up 0.1% in January

Industry: Coal, crude oil, natural gas, refinery products, and cement recorded negative growth in January.

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.

Zomato pays out more for fuel costs

Online food delivery platform Zomato said it will compensate its 1.5 lakh delivery partners with additional pay to fill the drop in income due to rising fuel prices across the country.