Monday, Jan 18, 2021 | Last Update : 01:23 PM IST

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Economy

Mainstream residential prices across 56 countries and territories rose at an annual rate change of 4.7 per cent on an average, compared to Q1 2020 at 4.4 per cent

Home prices across India fall 2.3 per cent in six months

As on Q2 2020, prices declined by 1.9 per cent for the 12-month period

 Global economy to plunge into worst recession since WW-II, says World Bank. (AFP Photo)

World Bank says global economy to shrink 5.2%, worst recession since WWI

Per capita incomes are expected to decline by 3.6 per cent, which will tip millions of people into extreme poverty this year

Representational image.

India's economy worst-hit among emerging markets

At 4.9 per cent retail inflation in 2020 will be the highest in India.

 The Reserve Bank of India (RBI) on Wednesday revised the guidelines for banks and NBFCs including housing finance companies to jointly lend to the priority sector. (PTI)

RBI announces Co-lending scheme for banks, NBFCs for priority sector

The primary focus of the revised scheme is to improve the flow of credit to the unserved and underserved sector of the economy

Representational image.

India's domestic air passenger traffic improves in September

The Civil Aviation ministry had permitted domestic flights to resume their operations from May 25 with one-third capacity

Market

Easing of lockdown- related restrictions and increase in festive season orders has supported the rough diamond import growth in September.

Rough diamond imports grow after seven months as order come in

The pandemic lockdown and voluntary stoppage of imports by the industry to clear inventories have seen imports declining for past 7 months

 Sensex tanks 667 pts; Nifty ends below 10,900. (PTI Photo)

Indices extend loses for 4th day, Sensex plunges 667 points, Nifty below 10,900

Kotak Bank was the top loser in the Sensex pack, falling over 4 per cent

 Six of 10 most valued companies lose Rs 1.38 lakh cr in market valuation. (PTI Photo)

Six of 10 most valued companies lose Rs 1.38 lakh crore in m-cap; RIL top loser

The market valuation of Reliance Industries Limited (RIL) plunged by Rs 50,239.78 crore to Rs 13,10,323.21 crore

 RIL's valuation plunged by Rs 20,666.46 crore to Rs 13,40,213.50 crore. (PTI Photo)

Six of 10 top valued firms lose Rs 78,275 crore in m-cap, Reliance, TCS top losers

RIL's valuation plunged by Rs 20,666.46 crore to Rs 13,40,213.50 crore, taking the biggest drop among the 10 most valued firms

Companies

Lee Jae-yong is already separately being retried on charges of bribery, embezzlement and other offences in connection with the corruption scandal that brought down former South Korean president Park Geun-hye. In this file photo, Lee Jae-yong, vice chairman of Samsung Electronics Co., gets into a car to leave after attending a hearing at the Seoul Central District Court in Seoul, South Korea. (Photo: AP)

Samsung heir's troubles multiply, charged with fraud in taking over reins of company

Lee Jae-yong, vice chairman of Samsung Electronics, committed stock manipulation, breach of trust and other offences, prosecutors said.

Currently, Bandicoot robot is being used in 11 states in India for cleaning sewers

Anand Mahindra invests in Kerala startup making manhole cleaning robots

In addition to Anand Mahindra, the startup has two more investors, Unicorn Ventures which made the initial investment in 2018 and Sea Fund

 The market valuation of ICICI Bank jumped by Rs 26,620.32 crore to Rs 2,82,550.05 crore, becoming the biggest gainer. (PTI Photo)

6 of top 10 firms add Rs 1.6 lakh crore in m-cap; ICICI, Kotak Bank top gainers

The market valuation of ICICI Bank jumped by Rs 26,620.32 crore to Rs 2,82,550.05 crore, becoming the biggest gainer

 Vodafone Idea rebrands in fight for India's telecom market share. (AFP Photo)

Vodafone Idea rebrand as 'Vi' in fight for telecom market share

Vodafone Idea lost 4.7 million customers in May alone, while market leader Reliance Jio added 3.7 million

  Novartis reported Tuesday higher profits in the first half of the year despite the coronavirus pandemic causing swings in sales. (AFP Photo)

Novartis profits rise despite coronavirus sales swings

Sales were mostly affected by lower new patient starts and significant reduction in patient visits to physicians, said Novartis

Autos

 Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros in the second quarter. (AFP Photo)

Daimler Q2 loss widens on weak demand

CEO Ola Kallenius said it had worked to preserve cash reserves during a difficult time and was seeing “the first signs of a sales recovery”

 Mylan gets DCGI nod for remdesivir in India, to launch at Rs 4,800 per vial. (Photo- Twitter)

Mylan Pharma to launch remdesivir in India at Rs 4,800 per 100 mg vial

The drug will be launched under the brand name Desrem in India and will be available to patients later this month

 Ducati Panigale V2 bookings open in India. ( Photo- ducati.com)

Ducati India open bookings for 2020 Panigale V2 ahead of launch

Unlike the outgoing model, the Panigale V2 features a single-sided X and a moulded around refined monocoque frame, the company said

FCA is now present in the country only through its Jeep brand and Maserati, and PSA has made an announcement to enter the market with a mid-sized Citroen SUV next year, and its DS brand.

Fiat Chrysler, PSA merger to impact Indian car ops

Auto analysts said there would certainly be leveraging of synergies between the two in this promising but highly competitive automobile market.

In Other News

 IndiGo announces 'deeper' pay cuts of up to 35 per cent for senior employees. (AFP Photo)

IndiGo slashes pay up to 35% for senior employees

From May onwards, IndiGo had implemented pay cuts of up to 25 per cent for its senior employees

A plane is being sanitised at a parking lot in an airport. — AFP photo

No ban on taking pictures videos on flights: DGCA

The regulator had said a scheduled flight will be suspended for two weeks if anyone is found taking photographs inside the plane

 India, Russia to ink pact on defence help. (PTI Photo)

India, Russia to ink defence logistics support pact

The Russian DCM said that ongoing defence cooperation projects including for MiG-29 and Sukhoi-30 fighter aircraft were being implemented

 Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar. (PTI Photo)

ICICI Bank-Videocon case: Deepak Kochhar sent to ED custody till September 19

Officials said Deepak Kochhar was placed under arrest as agency wants to put him under custodial interrogation to obtain more details

 SBI's Q1 profit surges 81 pc to Rs 4,189 crore. (PTI Photo)

India's largest bank SBI net profit up 81% to ₹4,189 crore in Q1

Its gross non-performing assets (NPA) of the total advances declined to 5.44 per cent at June-end, over 7.53 per cent at June-end last year