The Times Of India Business
Airlines cut global traffic forecast on recovery setbacks
Air traffic will recover more slowly than previously expected from the Covid-19 pandemic, as vaccination delays and government "risk aversion" slows the reopening of routes, global airlines body IATA said on Wednesday.
Oil prices drop as Covid surge in India dents demand outlook
Oil prices fell for a second day on Wednesday, heading for their biggest daily drop in more than two weeks and weighed down by concerns that surging Covid-19 cases in India will drive down fuel demand in the world's third-biggest oil importer.
Govt may come out with definition of essential supplies
The government may come out with a clear definition of essential and non-essential supplies made by e-commerce companies after finance minister Nirmala Sitharaman told industry captains that inconsistencies in classification of items across states will be looked into, sources said.
Hero Moto’s EV coming this year; JV with Taiwan’s Gogoro for battery swapping network
Hero Moto will be setting up a large network of electric battery-swapping stations across the country in a joint venture with Taiwanese unicorn Gogoro as the country’s largest two-wheeler company prepares to launch its first green vehicle by the end of the year.
Care Ratings revises India's GDP growth forecast to 10.2% for FY22
With economic activities getting affected across the country due to curbs imposed by states amid surge in Covid-19 cases, Care Ratings has revised down its forecast for GDP growth to 10.2 per cent in 2021-22 from earlier projection of 10.7-10.9 per cent.
Pvt life insurers' new premium income grows 8% in FY21
Contrary to expectations, private sector life insurers logged in a stellar 40 per cent new premium growth in the fourth quarter of FY21, driven by a still higher 90 per cent growth in March, according to an industry analysis.
India records 22 IPOs worth over $2.5bn in Jan-Mar
India witnessed 22 initial public offers worth over $2.5 billion in the first three months of 2021 amid "high momentum" in the country's capital markets and the trend is likely to stay bullish in the current quarter also, according to a report.
How a deal got GameStop CEO $179m goodbye gift
Gamestop Corp chief executive George Sherman can step down this summer with a $179 million windfall that dwarfs CEO salaries at many larger corporations thanks to a sweetheart deal that was turbocharged by this year's furious meme stock rally, compensation experts said.
Oxygen reallocation to impact small businesses in some sectors: Crisil Ratings
Reallocating oxygen for medical purposes to take care of the rising Covid-19 cases will have an adverse impact on small businesses in some sectors, domestic rating agency Crisil said on Wednesday.
FPIs stock holding value soars by $105 billion in September-March: Report
The value of the foreign portfolio investors' (FPI) holdings in the domestic equities reached a record $555 billion in 2020-21, a whopping $105 billion growth between September 2020 and March 2021, according to a report.
Discord abandons Microsoft acquisition talks: Report
Discussion platform Discord, popular among amateur video game players, has halted acquisition talks with Microsoft and is instead considering its options for a public offering, the Wall Street Journal reported on Tuesday.
NHAI puts GPS-based tolling on fast-track, invite bids for consultant
The National Highways Authority of India (NHAI) has fast-tracked the plan to launch the GPS-based tolling with one of its subsidiaries floating a tender to engage a technical consultant to prepare the roadmap.
Oxygen supplies run low as India grapples with coronavirus 'storm'
Indian authorities scrambled to shore up supplies of medical oxygen to hospitals in the capital, Delhi, on Wednesday as a fast-spreading second wave of coronavirus stretched medical infrastructure to breaking point, officials and doctors said.
Wisconsin deal touted by Trump shrinks from 13k jobs to 1,454
Taiwanese contract electronics manufacturer Foxconn will dramatically scale back its planned investment in an initially planned $10 billion Wisconsin plant, under an agreement announced with the state on Tuesday.