RBI has maintained a hawkish tone in the last two policy reviews, and those steps were to further reinforce the point that the central bank is not dropping its guard on inflation any time soon

Shaktikanta Das

Business Standard

Shares of Adani Total Gas zoomed 20 per cent to Rs 1,053.80 in intraday trade today on the back of heavy volumes

Sensex, Nifty, stock brokers

Jain acquired Adani shares weeks after a brutal shortseller report had battered the ports-to-power conglomerate and wiped out more $150 billion in market value

Rajiv Jain

Bloomberg

Amic Forgings was trading at Rs 251.35 against its issue price of Rs 126 per share, while Deepak Chemtex was quoting at Rs 159.60, against its issue price of Rs 80 per share.

Stock market

Reliance Industries is Nomura's biggest exposure where the research and broking house has a 4.5 per cent weight

Nomura

Three Indian refiners have bought some 4 million barrels of Venezuelan crude for February delivery at between $7.50 and $8 per barrel below dated Brent on a delivered ex-ship basis, trade sources said

Venezuelan oil, crude oil

Reuters

The report stated that Britain did not reveal when its military surveillance flights over the territory would start but stressed they would be unarmed and focused only on the captive recovery efforts

UK, United Kingdom

Alaska Air Group said Sunday it agreed to buy Hawaiian Airlines in a $1.9 billion deal including debt.
The combined company would keep both airlines' brands, which call the 49th and 50th states their homes. Alaska will pay $18 in cash for each share of Hawaiian, whose stock closed Friday at $4.86. The deal also includes $900 million in Hawaiian debt, which the airlines said brings the acquisition's total value to $1.9 billion.
The deal still needs approval from the boards of both companies, as well as from the shareholders of Hawaiian Holdings. It will also need the blessing of U.S. regulators, which have shown resistance to more consolidation within the airline industry out of fear it could lead to higher fares.
The companies expect the deal to close in 12 to 18 months.

Airports, nearby areas may not get 5G network services anytime soon

Airlines, airport, aviation, flights

Press Trust of India

Four major contenders are in fray in the northeastern state, which voted to elect its 40-member legislative assembly on November 7

Polling officials, VVPATs, voting

Most exit polls for Madhya Pradesh, where the ruling BJP was facing anti-incumbency of close to two decades, and Chhattisgarh had predicted a close finish and, possibly, a win for the Congress

If the Indian government believes this is how to build an EV-manufacturing ecosystem, however, it ought to think again

Elon Musk

With benefits like complimentary memberships to luxury hotels, access to premium golf courses, VIP airport assistance, etc., these cards  offer great value to those who lead a luxurious lifestyle

Credit card

A massive fire broke out Wednesday at a multi-story commercial building in Pakistan's largest southern port city of Karachi, killing at least three people and damaging several shops, police and rescue officials said.
The fire started at a furniture store and quickly engulfed other shops on the ground floor of the building known as Ayesha Manzil, said Karachi Mayor Murtaza Wahab. He said firefighters doused the flames after hectic efforts.
Wahab and hospital officials said three people died in the blaze and one person was injured.
TV footage showed billowing into the sky as flames engulfed parts of the building.
The cause of the fire was not immediately clear and officers said they were still investigating.
Most structures in Karachi, and other parts of the country, lack fire prevention and firefighting systems, which often results in damages and casualties.
Karachi is the capital of southern Sindh province, where such incidents are common.
Wednesday's blaze came less than two we

Fire, Fire accident

The proposal, which would help ease local sugar shortages if approved, sent futures plunging as much as 7.9% in New York on Wednesday, the biggest decline in 10 months

Sugar

Here is the best of Business Standard's opinion pieces for today

Economic growth

The Mac and iPad account for 15% of Apple's revenue combined, and they've been particularly hard hit by a decline in consumer tech spending

apple

Meta's core social platforms are advertising behemoths, but users on Facebook and Instagram have largely plateaued at 2 billion and 3 billion people per month, respectively

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