The government on Thursday unveiled a new series for the consumer price index for industrial workers to&nbsp;calculate wages and pay perks in line with the changing spending habits.
The new index assigns more weight to spending on services such as education, healthcare, housing, travel and transportation.
In the new series, the base year for calculating the CPI-IW has been revised to 2016 from 2001.
&nbsp;

Drugmaker Purdue Pharma, the company behind the powerful prescription painkiller OxyContin that experts say helped touch off an&nbsp;opioid&nbsp;epidemic, will&nbsp;plead&nbsp;guilty to federal criminal charges as part of a settlement of more than $8 billion, the Justice Department announced Wednesday. This is the largest settlement ever reached with a pharmaceutical company.
&nbsp;

Indian equity markets opened on a weak note on Thursday&nbsp;following global peers.
At 9:20 am, the Sensex was 133 points in the red at 40,574 and the Nifty fell 0.26% to trade at 11,906.
DrReddy, ICICI&nbsp;Bank, Asian Paints, Hindalco,&nbsp;and Powergrid&nbsp;were the top losers.

Former RBI governor Raghuram Rajan has once again cautioned against import substitution under the 'Aatmanirbhar Bharat' initiative. Addressing a webinar&nbsp;on Wednesday, he said&nbsp;the country has gone down this route earlier but could not succeed.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can. "China's rise as an export power came on the back of assembly. It brought in the stuff, put it together and exported it out," the former central bank governor mentioned.
Union minister Nitin Gadkari had&nbsp;earlier this week urged for 'swadeshi' production and said imports need to end, while exports should increase.

The government on Wednesday announced that it has approved ₹3,737 crore&nbsp;worth&nbsp;bonus for 2019-2020. More than 30 lakh non-gazetted employees will benefit from the bonus announcement,&nbsp;Union Minister Prakash Javadekar&nbsp;said. The minister said the&nbsp;bonus will be given in a single installment, through Direct Benefit Transfer, before Vijayadashami.

The United States Justice Department has filed a long-expected antitrust lawsuit against Google for abusing its dominance in online search and advertising.
This could reportedly lead to the break-up of the $1 trillion company and reshape the way consumers use the internet.
Google has been accused of using billions of dollars collected from advertisers to lock up deals with giant partners like Apple to ensure Google is the default search engine on browsers.

After a highly volatile session influenced by the European markets, Indian equity benchmarks ended in the green on Wednesday.
The Sensex&nbsp;ended 162 points up at 40,707 and the Nifty closed at 11,937, 0.34% higher.
Powergrid, Bharti&nbsp;Airtel, Tata&nbsp;Steel, Hindalco and GAIL were the top five Nifty gainers.
The rupee depreciated 9 paise to settle at 73.58 against the US dollar.
&nbsp;

Hong Kong-based Cathay Pacific Airways said on Wednesday it would cut 8,500 jobs,&nbsp;about 24% of the company&rsquo;s workforce, as it struggles with the pandemic-led plunge in air travel.
The company will also shut down Cathay Dragon, its regional airline unit, with operations ceasing from Wednesday.
The restructuring is aimed at reducing Cathay Pacific&rsquo;s cash burn to $64.5 million a month, from about $193.5 million to $258 million currently.
Executive pay cuts will also continue throughout 2021 and there will be no pay increments for 2021 nor bonuses for this year for all Hong Kong employees, Cathay Pacific said.

The government may ask some public companies to buy back shares in order to&nbsp;shore up its finances amid the coronavirus pandemic, according to a Bloomberg&nbsp;report.
Coal India Ltd., NTPC Ltd., NMDC Ltd., MOIL Ltd., KIOCL Ltd, and Engineers India Ltd. are among the eight companies that might be asked to repurchase shares this year, the report said.
The strategy will help the government access part of the more than ₹40,000 crore&nbsp;of cash hoard with the companies as of March 31.

Foreign direct investment (FDI) in India rose 16% year-on-year to $27.1 billion during April-August this year, the Commerce and Industry Ministry said on Tuesday.
FDI equity flows were boosted by investments into Jio Platforms, as per a report in The Hindu. A lot of quiet private equity investments were made in the real estate sector as well, the report said.&nbsp;
Experts believe the numbers would have been even higher if border tensions with China hadn&rsquo;t triggered curbs on their investments into India.

Pushing back reopening of offices, Amazon on Tuesday decided to extend the work from option for its employees, Reuters reported. 'Employees who work in a role that can effectively be done from home are welcome to do so until June 30, 2021', an Amazon spokeswoman said in an emailed statement.
Amazon had earlier allowed that option until January. The development comes less than three weeks after the world's largest online retailer said more than 19,000 of its US&nbsp;workers contracted the coronavirus this year.
&nbsp;

Equity markets moved higher in the morning session on Wednesday led by banks and financials. Most Asian markets were also higher following the gains in Wall Street.
At 9:18 am, the Sensex was at 40,835, up 290 points and the Nifty was 0.65% in the green at 11,974.
BPCL, Tata&nbsp;Motors, IndusInd&nbsp;Bank, HDFC&nbsp;Bank and Kotak&nbsp;Mahindra Bank were the top&nbsp;five Nifty supporters.

During a virtual 5G summit on Tuesday, Qualcomm and Reliance Jio Platforms announced that&nbsp;they were working together to develop indigenous 5G solutions and network infrastructure for India.&nbsp;Qualcomm Technologies and Jio also announced that they achieved over a 1 Gbps milestone on the Reliance Jio 5GNR solution and the Qualcomm 5G RAN Platform. This will enable 5G network infrastructure and services in India. Qualcomm further noted that its portfolio of 5G RAN Platforms is designed to provide a foundation for flexible, virtualized, scalable, and interoperable cellular network infrastructure.&nbsp;

Even as the global markets remained mixed, Indian equity benchmarks closed on Tuesday with some gains as IT stocks surged.
The Sensex&nbsp;closed&nbsp;112 points in the green at 40,544 and the Nifty ended the trade 0.20% higher at 11,896.
HCL Tech, Tech Mahindra, Asian Paints, Bharti&nbsp;Airtel&nbsp;and HDFC&nbsp;Bank were the top five gainers.
The rupee depreciated by 12 paise to settle at 73.49 against the US dollar.

In order to remove the constraints from the current Air India deal, the government may allow&nbsp;potential bidders for national carrier to decide how much of the debt they want to take on, Bloomberg&nbsp;reported on Tuesday. Current rules require bidders to take over the carrier's entire $3.3 billion debt.&nbsp;The bid date is also likely to be further extended beyond October 30.&nbsp;

Even&nbsp;as most of the world is still struggling with massive economic slowdowns&nbsp;with the coronavirus pandemic, China seems to be&nbsp;proving that a fast economic rebound is possible when the virus is brought firmly under control.
The Chinese economy surged 4.9% in the July-to-September quarter compared with the same months last year. The robust growth brings China almost back up to the roughly 6% pace of growth that it was reporting before the pandemic.
The United States and other nations are expected to report a third-quarter surge too, but they are still behind or just catching up to pre-pandemic levels.
China&rsquo;s lead could widen further in the months to come, say experts. It has almost no local transmission of the virus now, while the United States and Europe face another accelerating wave of cases.

Maruti Suzuki is considering a series of steps to improve the financials of its struggling dealers, including boosting their profit margins, a Hindustan Times report said on Tuesday.
The country&rsquo;s largest carmaker is likely to increase the dealer margin on cars after the festive season to help dealers at a time when sales are likely to be subdued. The company&nbsp;has also urged dealers to start repaying their loans to improve their creditworthiness and encourage banks to ease the stringent lending norms.
Auto dealers have been facing intense scrutiny from lenders because of their poor financials amid the coronavirus pandemic.

Indian equity markets remained lower in the opening session on Tuesday following a huge fall in the US markets. Asian bourses&nbsp;were also in the red.
At 9:20 am, the Sensex was 74 points down at 40,357 and the Nifty fell 0.18% to trade at 11,851.
Britannia, Kotak&nbsp;Mahindra&nbsp;Bank, ICICI&nbsp;Bank, GAIL and Axis Bank were the top Nifty losers.

PTI,&nbsp;New Delhi: The CBI has booked BSP MLA Vinay Shankar Tiwari and his wife Rita Tiwari in connection with an alleged bank fraud to the tune of Rs 754.25 crore involving a company, officials said Monday.
The CBI on Monday started a search operation at the residence of Chillupar (Gorakhpur) MLA Tiwari, who is son of former minister and a strongman from Gorakhpur, Hari Shankar Tiwari, and the office of the company, Gangotri Enterprises, in Lucknow.
The searches were also spread out in Noida at the premises of another accused company, Royal Empire Marketing pvt Ltd, and another accused director in Gangotri Enterprises, Ajit Pandey.&nbsp;

Equity markets closed with sharp gains on Monday led by heavy buying in banking and financial stocks.
The Sensex&nbsp;finished the day 448 points up at 40,431 and the Nifty surged 0.94% to end at 11,873.
ICICI&nbsp;Bank, Nestle India, GAIL, Axis Bank and SBI were the top gainers.
The rupee fell 2 paise to 73.37 against the US dollar.

editorji

follow us

download editorji app

home > business > ssss

replay trump newslist

up NEXT IN 5 SECONDS sports newslist

NaN/0

ssss

Dec 31, 2018 11:11 IST

share this news

explore newslists

International

Lifestyle

Hollywood

Sports

Viral

Tech

National

Showbiz

Travel

Local

Business

Oct 22, 2020 15:42 IST

Oct 22, 2020 16:59 IST

Oct 22, 2020 15:30 IST

Oct 22, 2020 13:59 IST

Oct 22, 2020 11:13 IST

Oct 22, 2020 12:13 IST

Oct 22, 2020 09:00 IST

Oct 21, 2020 17:00 IST

Oct 21, 2020 14:10 IST

Oct 21, 2020 17:58 IST

Oct 22, 2020 12:13 IST

Oct 21, 2020 15:30 IST

Oct 21, 2020 11:57 IST

Oct 21, 2020 08:50 IST

Oct 20, 2020 13:30 IST

Oct 22, 2020 06:20 IST

Oct 20, 2020 10:10 IST

Oct 20, 2020 15:30 IST

Oct 21, 2020 16:40 IST

Oct 20, 2020 08:50 IST

follow editorji

download editorji

editorji

About Us

Reach us

Navigate

home
> business
> ssss