Business

The US-based rating agency said its revision in growth forecast reflects a faster-than-expected recovery in the quarter through September. For the next fiscal, it projected India's growth to rebound to 10 per cent.

Addressing the inaugural session of CII's Partnership Summit 2020, through virtual means, Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution Goyal invited foreign investors to be a part of India's growth story.

The notes are expected to be rated Baa3 by Moody's Investors Service, BBB-minus Standard & Poor and BBB-minus by Fitch Ratings.

"India is a very special and important country for us. Millions of people here use our products every day to stay in touch with friends and family," said Mark Zuckerberg, Facebook CEO during 'Facebook Fuel for India 2020' event

Zuckerberg made the remark during a conversation with Mukesh Ambani, Chairman and Managing Director, Reliance Industries at the first Facebook Fuel for India 2020 event.

At a fireside chat with Facebook head Mark Zuckerberg, he said India's middle-class, which is about 50 per cent of the nation's total number of households, will grow three to four per cent per year.

The social networking platform said the 'Nayi Shuruaat' campaign launched during its 'Fuel for India' event is an ode to the resilience of small businesses amid crisis.

Axis Bank was the top loser in the Sensex pack, shedding around 2 per cent, followed by ONGC, M&M, ICICI Bank, Asian Paints, SBI, HUL, L&T, Titan, Infosys and TCS.

In October, it was 1.48 per cent -- marking an eight-month high as manufactured products turned costlier.

It also is launching a review of a merger of two online streaming platforms in the latest tightening of controls over the internet sector.

After touching its record intra-day peak of 46,373.34, the 30-share BSE Sensex ended 154.45 points or 0.34 per cent higher at 46,253.46, its new closing record.

The last date for submission of Expression of Interest (EoI) for Air India is Monday.

Sanjiv Mehta, Chairman and Managing Director of Hindustan Unilever, has been elevated as Senior Vice President of FICCI. Subhrakant Panda, Managing Director of Indian Metals and Ferro Alloys Ltd, has joined the FICCI leadership as Vice President.

The Hyderabad-based Indian tech teams, comprising the Engineering and Product divisions, have also led a global-first for Uber Eats by integrating it into the PayPay app.

The incubator will provide technology consultancy, business facilitation, financial advisory, infrastructure support and facilitate interactions with experts, mentors, advisors and investors.

The Union Minister for Education was speaking during the inaugural session of International Conference on 'Creating Global Perspective rooted in local values for sustainability' virtually, organized by Chandigarh University, Gharuan.

The partnership means customers in the UK, Ireland, Germany, Austria and Italy will now be able to watch all the TV series, films and sport from Sky and Prime Video in one place.

Huawei said the solution would help Indian businesses to improve user experience by enabling website acceleration, faster downloads and a smoother video-on-demand or live streaming experience.

The partnership will ensure environmentally-sustainable and secure recycling of the ZS EV batteries, the company said in a statement.

AIFF, the first sports federation implemented Profit.Co framework in March 2020 across most of its employees barring the technical staff on the field to streamline and implement its strategic plan.

The smartphone features a 6.58-inch IPS LCD screen that has a waterdrop notch for an 8-megapixel selfie camera.

"With Sourav's association, we look forward to facilitating the shift towards online coaching, and empowering educators to mould many more leaders of tomorrow," Mukul Rustagi, Co-Founder, Classplus, said in a statement.

Greenlight Planet was selected out of twelve finalists, which were selected from a broad range of 300 energy companies from over three dozen countries who develop innovative and pioneering technology to address the world's greatest energy challenges.

The Bengaluru-headquartered company said it signed a memorandum of understanding (MoU) with the Tamil Nadu government for setting up the factory which is in line with the firm's aim to make India a manufacturing hub for electric vehicles.