Lyrics | - Part 2

Japan’s Nippon Steel Corp is suing customer Toyota Motor Corp to stop it manufacturing and selling vehicles that contain specialised steel made by rival supplier Baoshan Iron & Steel Co Ltd (Baosteel) of China, which it is also suing.

India raised its pitch against rampaging oil and natural gas prices as domestic pump prices hit fresh record on Wednesday, saying the current volatility could boomerang on producers as it will imperil the nascent global economic revival and stunt the growth in oil demand.

Indian startups haven’t had it so good in a long time. They raised nearly $11 billion in the July-September quarter, twice the money that they got during the same period last year, with fintech, edtech and SaaS (software-as-a-service) firms cornering nearly 50% of the funding.

Snapping their seven-session rising streak, equity benchmarks sensex and Nifty ended with marginal losses on Tuesday as investors booked profits at record levels. After touching its lifetime high of 62,245.43 during the session, the 30-share BSE sensex settled 49.54 points or 0.08 per cent lower at 61,716.05.

The retail unit of conglomerate Reliance Industries has acquired a 52% stake in popular designer labels of Ritu Kumar, the company said on Tuesday, in the latest bet on the country’s fast-expanding luxury designer market.

Tata Sons’ $2.4 billion purchase of debt-ridden, government-owned Air India will give the conglomerate immediate access to valuable flying rights and landing slots that will help it claw back market share from foreign rivals.But industry executives warn any success will be a long and complicated process that could cost it more than $1 billion and … Continue reading Challenges abound as Tata draws up flight plan for Air India

China Evergrande Group’s deal to sell a 51% stake in its property services unit has been put on hold, two people with knowledge of the matter said, in a blow to the embattled developer’s hopes of avoiding a potentially disruptive default.

Moody’s on Tuesday raised the outlook for the Indian banking system to ‘stable’ from ‘negative’ citing moderate deterioration of asset quality since the onset of the pandemic and likely pick-up in credit growth with economic recovery. Moody’s expects India’s economy to continue to recover in the next 12-18 months, with GDP growing 9.3% in the … Continue reading Moody’s upgrades banking system outlook to ‘stable’

China’s GDP expanded 4.9% in the July-September quarter from a year earlier, slowing from 7.9% in April-June quarter. The world’s second-largest economy has staged an impressive rebound from the pandemic but the recovery is losing steam.

The average prices of pulses and major edible oils have remained almost same as a month back, the prices of onion and tomatoes have gone up due to increased fuel prices and damage to summer crops. The government data, which compiles the prices reported from over 100 centres, show that the average price of onions … Continue reading Onion, tomato prices rise in festive season, oil rates stable