Wholesale inflation hits 8-month high
Wholesale price index (WPI)-based inflation rate rose for the third straight month to an eight-month high of 1.48 per cent in October, from 1.32 per cent the previous month. Economists say WPI data enforces the case for status quo in the policy rate by the Reserve Bank of India's monetary policy committee (MPC). Read more
SpaceX, NASA send 4 astronauts to space
Four astronauts reached orbit on a SpaceX rocket after lifting off at 7:27 pm from Florida, in the company’s first regular NASA mission to the International Space Station. The Sunday launch appeared to go as planned as the Falcon 9 rocket lifted off from NASA’s Kennedy Space Center. The rocket’s first stage successfully landed on a drone ship about nine minutes after lift off. Read on...
Expedia CEO sees Tourism zooming in summer
Things are looking good for Expedia Group—well, relatively, anyway. Its third-quarter earnings report shows a company that’s still pulling in $1.5 billion in quarterly revenue, exceeding mid-pandemic expectations, even if that it represents $221 million in losses. Parts of the business, such as airfare sales, may have tanked, but others, like rental home platform VRBO, are compensating. Read more
Diesel sales fall 5 per cent in November
India's diesel sales fell 5 per cent in the first half of November when compared with the previous year, industry data showed on Monday, after rising for the first time in eight months in October. Sale of diesel, the most used fuel in the country, was, however, 7 per cent higher month-on-month. Read on..
Navneet Munot quits set to become MD & CEO of HDFC MF
HDFC Mutual Fund on Monday said its board of directors had approved the appointment of Navneet Munot as its next managing director and chief executive officer. Munot, who was the chief investment officer of SBI Funds Management, will succeed the present managing director Milind Barve,HDFC Mutual Fund said in a filing to the stock exchanges. Read more here
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.