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Inflation, Labour Shortages To Delay Business Travel Spending Recovery: Report

Inflation, Labour Shortages To Delay Business Travel Spending Recovery: Report

Reuters | Tuesday August 16, 2022

A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026 because of factors like persistent inflation, high energy prices, labour shortages and lockdowns in China, a new industry forecast shows.

Inflation May Remain Elevated Despite July Dip: Report

Inflation May Remain Elevated Despite July Dip: Report

Reuters | Tuesday August 16, 2022, Mumbai

The headline retail inflation that eased for the third straight month in July is expected to remain above the central bank's upper tolerance range in the near term, necessitating more rate hikes in coming months, analysts said.

Average Housing Prices Rise 5% In April-June Across 8 Cities: Report

Average Housing Prices Rise 5% In April-June Across 8 Cities: Report

Press Trust of India | Tuesday August 16, 2022, New Delhi

Revival in housing demand and rise in construction cost have led to a 5 per cent average annual increase in residential property prices across eight major cities during the April-June quarter, according to a report.

SpiceJet Settles Litigation With Parties Involved For Boeing Aircraft

SpiceJet Settles Litigation With Parties Involved For Boeing Aircraft

Reuters | Tuesday August 16, 2022, Bengaluru

The low-cost carrier SpiceJet Ltd said on Tuesday it has entered into a settlement agreement with aircraft lessor Goshawk Aviation Ltd and its affiliates related to three Boeing aircraft.

Top Model Bella Hadid Joins Metaverse With New 3-D Based Collection. Read

Top Model Bella Hadid Joins Metaverse With New 3-D Based Collection. Read

Reuters | Tuesday August 16, 2022

US supermodel Bella Hadid has stepped from the catwalk into the metaverse with the launch of CY-B3LLA - a collection of Non-Fungible Tokens featuring artwork based on 3-D scans of her face and body.

Tencent Stops Sales On Its NFT (Non-Fungible Token) Platform A Year After Launch

Tencent Stops Sales On Its NFT (Non-Fungible Token) Platform A Year After Launch

Reuters | Tuesday August 16, 2022

Chinese internet giant Tencent Holdings' non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, it said on Tuesday, as regulatory scrutiny of NFTs mounts in the country.

Sensex, Nifty Open Higher Even As Global Stocks Drift On Recession Concerns

Sensex, Nifty Open Higher Even As Global Stocks Drift On Recession Concerns

Edited by Rahul Karunakar | Tuesday August 16, 2022

Stock Market India: Equity benchmarks opened higher even as Asian shares struggled for direction early on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies.

Work From Home vs Return To The Office: Employers Say This

Work From Home vs Return To The Office: Employers Say This

Edited by NDTV Business Desk | Tuesday August 16, 2022

The new reality that occupiers are accepting is distributed workplace patterns and hybrid work environments

Oil Crashes Below $95 A Barrel On Recessionary Worries After China Data

Oil Crashes Below $95 A Barrel On Recessionary Worries After China Data

Reuters | Tuesday August 16, 2022

Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China, the world's largest crude importer, spurred fresh concerns about a potential global recession that could hit energy demand.

Rakesh Jhunjhunwala's $4 Billion Stock Holdings in Focus After His Death

Rakesh Jhunjhunwala's $4 Billion Stock Holdings in Focus After His Death

Abhishek Vishnoi, Bloomberg | Tuesday August 16, 2022

The death of Indian billionaire Rakesh Jhunjhunwala puts a spotlight on the nearly $4 billion worth of stocks held by the famed investor, whose trades were closely scrutinized.

First Meeting Of Minimum Support Price Committee Likely On August 22: Report

First Meeting Of Minimum Support Price Committee Likely On August 22: Report

Press Trust of India | Monday August 15, 2022, New Delhi

The committee on Minimum Support Price (MSP) is scheduled to hold its first meeting on August 22 to discuss future strategies, according to official sources.

Stocks Struggle To Advance As Surprise China Rate Cut Sends Oil Tumbling

Stocks Struggle To Advance As Surprise China Rate Cut Sends Oil Tumbling

Reuters | Monday August 15, 2022

Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.

Over 79 Lakh Children Enrolled Under Baal Aadhaar Initiative During April-July

Over 79 Lakh Children Enrolled Under Baal Aadhaar Initiative During April-July

Press Trust of India | Monday August 15, 2022, New Delhi

The Unique Identification Authority of India, custodian of Aadhaar, has enrolled more than 79 lakh children aged below 5 years during April to July this year, an official statement said on Monday.

Loans To Get Costlier, SBI Raises Benchmark Lending Rates By Up To 0.5%

Loans To Get Costlier, SBI Raises Benchmark Lending Rates By Up To 0.5%

Press Trust of India | Monday August 15, 2022, New Delhi

State Bank of India (SBI) on Monday raised its benchmark lending rates by up to 50 basis points (or 0.5 per cent), a move that will lead to an increase in EMIs for borrowers.

Binance Says It Is Winning Crypto Clients Thanks To Inflation Surge

Binance Says It Is Winning Crypto Clients Thanks To Inflation Surge

Reuters | Monday August 15, 2022

Binance, the world's largestcryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies, an executive told Reuters on Wednesday, without disclosing numbers.

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