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Compiled by IHS Markit, the Purchasing Managers' Index rose to 57.6 in November from 55.9 in October. The reading was the highest since January and the fifth straight month above the 50-mark that separates growth from contraction. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3DbZ0Q3

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India Q2 GDP growth: A comparison of the GDP data to the pre-pandemic 2019 era is important to understand the extent of recovery. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3DcGQO1

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The Dow Jones Industrial Average fell 652.22 points, or 1.86%, to 34,483.72, the S&P 500 lost 88.27 points, or 1.90%, to 4,567 and the Nasdaq Composite dropped 245.14 points, or 1.55%, to 15,537.69. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3piPwxt

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The country’s economy grew by 8.4% in the July-September quarter, broadly in line with expectations, led by a steady farm sector and double-digit expansion in public administration, defence and other services as the impact of the base effect waned and weighed on the overall numbers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3D605IZ

The unemployment rate in urban areas in the January-March quarter of 2020-21 was 9.4%, lower than the 10.3% recorded in the October-December quarter of the previous year, data showed on Thursday. The rate cooled down after being in double digits for the past three quarters. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3E50oFj

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The strict norms for arriving international passengers, especially from 'at-risk' countries, will come into effect from Tuesday midnight and authorities are stepping their vigil for effective surveillance amid mounting concerns over the emergence of the Covid variant Omicron. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/31iYwtS

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The average price of tomato has shot up 25 percent in the last two months while it has shot up by 50 per cent in the last on year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3o4vmrp

Marta Ortega will replace Pablo Isla, who has been chairman since 2011, in April, the company said in a statement. He was deputy chairman between 2005 and 2011. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3D8cmgb

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Indians can now use WhatsApp to order groceries from billionaire Mukesh Ambani's JioMart via a new "tap and chat" option, as his Reliance Industries Ltd challenges the domination of Amazon and Walmart-owned Flipkart. Delivery is free and there's no minimum order value, according to JioMart users who got WhatsApp shopping invites with a 90-second tutorial and catalog. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3odD3fj

Investors appeared less concerned on Monday as vaccine makers Pfizer and Johnson & Johnson signaled they were already working on a potential formula targeted at the new strain Omicron. The Dow Jones Industrial Average finished at 35,135.94, up 0.7 percent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3G25pzc

Jack Dorsey’s era running Twitter spanned one of the biggest rallies for US technology stocks. Twitter missed out on most of it. A nearly 75% gain for the social-media platform during Dorsey’s tenure as CEO lags far behind the more than 280% rally for the Nasdaq 100 and the almost 140% gain in the S& as of Friday’s close. During Dorsey’s six-year tenure, other megatech stocks have posted triple-digit gains. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3E6axkZ

Yet another major global tech company will be headed by an executive of Indian-origin. Parag Agrawal, an IIT Bombay alumnus and chief technology officer of Twitter will take over as CEO of the social media platform immediately following the departure of its co-founder CEO Jack Dorsey. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3d4VM60

The Reserve Bank of India on Monday superseded the board of directors of Reliance Capital and announced plans for insolvency proceedings citing payment defaults and serious governance concerns which the board has not been able to address. The RBI also appointed Nageswar Rao Y, former executive director of Bank of Maharashtra as the administrator. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3DcHsU0

Taking the first official step towards launching full-fledged operations in the Indian market and falling in line with local laws, Elon Musk’s Starlink Internet Services has applied for a licence to begin pilot services. The move comes just days after the government advised the public not to subscribe to the services that were being advertised by the American company as it did not have the requisite licences to offer them. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3G4voGd

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The Centre has not received a proposal to recognise bitcoin as a currency in India, the government told Parliament on Monday, while adding that the Reserve Bank of India has recommended widening the definition of “bank note” for the launch of a Central Bank Digital Currency (CBDC). Responding to a question on whether the government has any proposal to recognise bitcoin as a currency, finance minister Nirmala Sitharaman replied in the negative in Lok Sabha. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3FVixGb

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The share of government spending in total health expenditure increased significantly to 40.8% in 2017-18, up from 32.4% in previous year, and went up from 28.6% in 2013-14 during the UPA regime, the National Health Accounts estimates show. The findings show government spending on health as a share of total government expenditure increased to 5.1% from 3.7% between 2013-14 and 2017-18, indicating higher investments in the sector as compared to previous years. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3E9CNDA

The Centre on Tuesday announced the sale of state-run Central Electronics Ltd to Nandal Finance and Leasing for Rs 210 crore, the second privatisation of a public sector entity in the current fiscal after the sale of Air India to the Tata group. The government hopes to complete the transaction in the current financial year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3D9CwPw

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The government has no proposal to recognise Bitcoin as a currency in the country, finance minister Nirmala Sitharaman said in a reply to the Lok Sabha on Monday. She also informed the House that the government does not collect data on Bitcoin transactions. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3xxslTG

The two IPOs come after 10 firms concluded their initial public offerings in November. So far in 2021,51 companies have launched IPOs to raise over Rs 1 lakh crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3E3sVLv