The Times Of India Business
Mumbai airport to move all flights operations to T2
With ever-rising Covid cases in Mumbai, the city airport on Thursday announced that all domestic passenger flights will depart from T2 from next week. Currently, domestic operations are handled from two terminals of Chhatrapati Shivaji Maharaj International Airport (CSMIA), T2 in Sahar and T1 in Vile Parle.
WPI inflation spikes to over 8-year high of 7.39% in March
The wholesale price-based inflation shot up to over 8-year high of 7.39 per cent in March on rising crude oil and metal prices. Also, the low base of March last year, when the data was computed with a low response rate due to the nationwide lockdown, contributed to a spike in inflation in March 2021.
Rupee goes from Asia’s best to worst in two weeks on Covid spike
The rupee has turned into Asia’s worst-performing currency from being the best in the previous quarter. It’s poised for more losses as a resurgence in coronavirus cases to a record threatens to hamstring the economy.
Lufthansa lets corp customers offset their biz travel
Lufthansa Group has enabled corporate customers to offset their corporate air travel with carbon neutral flying. The German major’s digital CO2 compensation platform, Compensaid, allows corporate customers to use, for instance, sustainable aviation fuel (SAF) for their air travel.
Remdesivir rate volatility leads to insurance claim rejections
Huge variations in the prices of Remdesivir — a crucial drug in the treatment of severe cases of Covid — have resulted in a large increase in insurance claim rejections and also black-listing of hospitals by insurance companies.
Infosys sees double-digit growth in this fiscal
Buoyed by strong new age digital deals, which now make up more than half of its top line, Infosys said it expects its revenue in FY22 to grow at 12-14% on a constant currency basis. The double-digit growth reflects a sharp turn-around from the difficulties in the early months of the pandemic.
Paytm Payments Bank to enable int'l remittances
Paytm Payments Bank (PPB) plans to expand into facilitating cross-border as well as domestic remittances. The bank’s CEO said that the new umbrella entity (NUE), proposed by PPB and other investors, will change the pace of digital payments in the country, if approved.
Coinbase is here: A cryptocurrency exchange goes public
Coinbase made a rousing debut on Wall Street, with the digital currency exchange's first trade of $381 giving it a market value of $100 billion. The company's listing on a public stock exchange is seen by some as an inflection point for digital currencies, as Coinbase's fortunes are closely tied to Bitcoin, the most popular cryptocurrency.
HDFC Bank plans to raise Rs 50,000 crore through bonds
HDFC Bank on Wednesday said it is planning to raise up Rs 50,000 crore during the next 12 months through issuing bonds. The bank's board of directors will take up the proposal at its meeting on April 17, it said in a regulatory filing.
What is a global minimum tax and how could it affect companies, countries: Here's an explainer
US Treasury secretary Janet Yellen has thrown the weight of the US government behind a push for a global corporate minimum tax rate, possibly carving a path to a long-sought deal updating international tax rules for the first time in a generation.