Top headlines: Economy takes 'formal' leap, Apple's India revenue doubles

Business Standard brings the top headlines at this hour

Apple Inc has hit Indian revenues of around $3.3 billion, based on estimates for the period between 1 October 2020 and 25 September 2021, say analysts.  More on that story in our top headlines this morning.

India's economy takes 'formal' leap as informal shrinks drastically: Study

The share of the informal sector in India’s economy fell drastically to 15-20 per cent in 2020-21 from 52.4 per cent in 2017-18 due to digitisation and the rapidly expanding gig economy, according to a study by SBI Research. Read more.

Apple Inc's India revenue doubles to around $3.3 billion: Analysts

Apple Inc has hit Indian revenues of around $3.3 billion, based on estimates for the period between 1 October 2020 and 25 September 2021, say analysts. Read more.

LIC shareholding in listed companies drops to lowest in over a decade

India’s biggest insurer has been scaling back its stock market bets. Life Insurance Corporation of India’s (LIC's) stake in listed companies was at its lowest in 50 quarters for the quarter ended September 2021, shows the data from primeinfobase.com. Read more.

PM Modi arrives in Glasgow for COP26 summit, bilateral talks with Johnson

Prime Minister Narendra Modi arrived in Glasgow on Sunday for the COP26 climate summit and bilateral talks with British Prime Minister Boris Johnson on the sidelines of the United Nations (UN) meet. Read more.

G20 agrees on 1.5 degrees Celsius target, but leaves COP26 with a lot to do

The Group of 20 countries struck a climate deal that fell well short of what some nations were pushing for in a compromise accord that gave leaders little to take to the COP26 summit in Glasgow this week. Read more.

Super app war: Adani, Tata and Reliance Industries go on acquisition spree

India’s top business groups, such as Tata, Adani, and Reliance Industries (RIL), are scouting for acquisition targets to offer additional goods and services under their “super app” umbrella. Read more.

Glasgow COP26: Riding on 450 GW, India to ask for more carbon space

The global climate conference, CoP26, in Glasgow will see a clear divide between the developed and the developing world, with the latter holding the Global North accountable for climate financing and the developed countries expecting headline climate commitments from them in return. “Net Zero” will be a key theme. Read more.

G20 agrees to strengthen WHO on EUAs for Covid jabs: Piyush Goyal

The G-20 leaders, including Prime Minister Narendra Modi, have agreed that the WHO would be strengthened to fast-track the process for emergency use authorisation for Covid-19 vaccines, India's G-20 Sherpa Piyush Goyal said on Sunday. Read more.