News

Residential Property

(BS) : Even as residential sales have picked up in the July-September quarter, compared to the previous quarters of the calendar year, property developers seem to be sacrificing margins for better volumes.

L & T Losses

(ET) : Construction major Larsen & Toubro’s Hyderabad metro project has further widened its losses to ₹916 crore in the first half of 2020-21, more-than-double the losses incurred in the entire year ending March 2020, as Covid-19 lockdown shut down operations for 169 days.

Mergers and Acquisitions

(ET) : Tata Group Evaluates M&A Opportunities to Scale Up Ecomm Play. GROUP SAID TO HAVE HELD INITIAL TALKS WITH SNAPDEAL, INDIAMART, BIGBASKET, ALSO KEEN TO EXPAND PRESENCE IN CONSUMER AND RETAIL SEGMENTS.

Inflation

(ET) : FOOD INFLATION PUSHES UP WHOLESALE INFLATION RATE IN SEPT. WPI at 7-month High of 1.32%.

Jal Yukt Shivar

(ET) : The Maharashtra government on Wednesday decided to initiate an open inquiry into the ‘Jal Yukt Shivar’ project that was implemented in the state by the erstwhile BJP-Sena government.

Indian Americans

(ET) : The Indian Americans plan to overwhelmingly vote in favour of former Vice President Joe Biden and Senator Kamala Harris, according to a new survey published on Wednesday on the voting pattern of the community.

Future Group

(ET) : Future Group founder Kishore Biyani said he had no option but to sell his business to Reliance Retail Ventures after the shutdown owing to Covid-19 resulted in a revenue loss of ₹7,000 crore in four months.

Electrical Vehicles

(ET) : The government has invited proposals for installation of Electrical Vehicle (EV) charging stations from entities that intend to build and operate charging infrastructure on major highways and expressways in the country.

India's Public Debt

(BS) : India´s public debt ratio, which remarkably remained stable at around 70 per cent of the GDP since 1991, is projected to jump by 17 percentage points nearly 90 per cent because of incr -ease in public spending due to Covid19, the IMF said on Wednesday.

LABOUR CODE

(BS) : Centre plans to implement labour codes on April 1. Industries will have to file a single return to the authorities under the new labour law regime. As many as 29 labour laws have been converted into four codes.

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