INDIA
Women's participation triples in gig economy from 2021, pandemic fueled the movement
A recent report released by Taskmo said that women's participation has tripled in 2022 as compared to 2021.
TECHNOLOGY
Apple confirms 5G software update for iPhone users in India by December
Apple is presently testing the 5G-enabled iPhones that, includes the iPhone 12, iPhone 13, and iPhone 14 series along with the iPhone SE (3rd Generation) on the carriers that have gone live with 5G services in India, and will release the update in December after ensuring seamless connectivity.
COMPANIES-2
IndiGo to fly widebody planes for the first time
The airline is reportedly wet leasing a few widebodies from an international carrier, which will have business and economy classes
TRENDS
Tourism on a swing: Flight hunt spikes 124%, airfare surges 40% ahead of Diwali
Airfare has risen nearly 40 percent as searches for domestic air travel tickets increased by 124 percent and 133 percent for international air travel from pre-pandemic levels, in India during the Diwali season.
INDIA
Central bank lowers real GDP growth estimate for FY23 to 7% from 7.2%
The central banker estimated growth for the second quarter of FY23 at 6.3 percent (versus 6.2 per cent earlier)
MARKETS
Moody's withdraws Kalyan Jewellers stable rating after fundraise delay, stock up
In April, the company was planning to raise around $200 million through its subsidiary to refinance old debt
COMPANIES-2
First direct flight from Sydney to South India took off today
Qantas said the flight to Bengaluru will boost connectivity between India and New South Wales in the upcoming holiday season
MARKETS
Paper stocks may see bull run lasting for 2 more quarters, experts say
Paper stocks nearly double across-the-board on supply imbalance and are not looking like they're cooling off for another couple of quarters
COMPANIES
ITC candy aisles spared from the wrath of inflation
"We are seeing quite a good demand materialising for all discretionary categories," Anuj Rustagi, operating chief for ITC's chocolates, coffee, and confectionery segment, told CNBC-TV18.
INDIA
Experts raise data privacy concerns as IRCTC moves to monetize passenger data
The railway-ticketing platform has issued a tender to hire a consultant to assist it in the monetisation process. The company has set a revenue target of Rs 1,000 crore from the process. However, experts sounded cautious.
INDIA
January-July domestic air passenger traffic grows 70.18% YoY
Passengers carried by domestic airlines during January-July 2022 were 669.54 lakhs as against 393.44 lakhs during the corresponding period of the previous year, according to the DGCA.
INDIA
Domestic air traffic falls 7% in July, still 94% higher than last year: Report
Domestic traffic remained 94 percent higher than 5 lakh in July 2021, a report by Icra showed.
INDIA
Bharat Bill Payment System to accept cross-border inward payments: Central bank boss
"This step is not only going to make payments simpler for NRIs and ease things for their parents living in India, but is also a way to deepen the cross-border payment ecosystem for India," said Vivek Iyer, partner, financial services, risk, Grant Thornton Bharat.
INDIA
Coal India production surges 11% to 47.3 MT in July
CIL reported an 11 per cent hike in its July 2022 production to 47.3 mt as compared to 42.6 mt in July 2021.
BUSINESS
Hurun Wealthy Women List 2021: Software, consumer goods industry tycoons dominate list of new entrants
Neha Narkhede, Co-founder, Confluent, leads the list of new entrants in the Hurun Leading Wealthy Women List 2021, which is dominated by women coming from the software and consumer goods industry.
INDIA
'India should not lose out on benefits of crypto', say experts after RBI, FM's red-flags
"India must take a step to collaborate and understand the best practices so that we do not lose out in the longer term," Rajagopal Menon, Vice President at WazirX, said.
WORLD
After 'Airmageddon' at Heathrow, Emirates reaches deal over airport capacity cut
Gulf Airlines, Emirates and Heathrow Airport have released a joint statement with an update of agreement on the capacity cuts.
COMPANIES
IPO activity in India to pick up in Q1CY23, says Grant Thornton Bharat's Prashant Mehra
The first half of 2022 saw 17 IPOs worth $6 billion in India, with LIC alone raising $2.8 billion. It was the largest IPO in the country's history. Logistics company Delhivery and FMCG company Ruchi Soya raised $0.7 billion and $0.6 billion, respectively.
INDIA
Exclusive: Pradhaan Air's 'Pehalwan', world's first A320P2F, arrives in India
The aircraft has been designed by ST Engineering and Airbus under their joint venture, Elbe Flugzeugwerke (EFW).
BUSINESS
Exclusive: Pradhaan Air Express gets NoC from Aviation Ministry; To start operations by later this year
The first A320 converted freighter, expected to arrive in Delhi later this month, will offer the charter capacity to Indian shippers and freight forwarders on domestic and international routes.
BUSINESS
Kenya-based cargo airline Astral Aviation to enter Indian skies
Kenya-based cargo airline Astral Aviation to enter the Indian market under Pradhaan Air brand with an A320F
PERSONAL-FINANCE
TDS on Crypto Kicks In: Check out this FAQ answered by a tax expert
TDS on cryptocurrency will be effective from today. The new tax rules of crypto created much confusion. Moneycontrol simplifies crypto taxation with these FAQs
INDIA
India's travel and tourism to post annual growth rate of over 10 percent in 2019-28, says IBEF report
The pandemic dented travel and tourism globally, causing the industry a loss of almost $4.5 trillion. Domestic visitor spending decreased by 45 percent, while international visitor spending declined by 69.4 percent compared to 2019, according to an estimate by the World Travel & Tourism Council.
INDIA
World Environment Day: India's clean energy capacity has grown by 2.75 times since 2014- Know major achievements in same
India has reached another milestone towards a safer environment by increasing its clean energy capacity by over 2.75 (excluding nuclear and hydro energy capacity) times from the year 2014-15, according to an EPFO tweet.
