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Credit card spends cookies surge; Maruti, Audi will raise vehicle prices and more


The Union Health Ministry said on Thursday that two cases of the Omicron variant of COVID-19 had been discovered in Karnataka. Credit card spending in India has seen a big increase thanks to the holiday season. India’s largest automaker will raise prices for its vehicles again, starting in January 2022. Audi has also announced a price increase of up to 3% across its entire model range. Here are some news of the day

ECONOMY / BUSINESS

Gujarat becomes India’s leading manufacturing center

Gujarat has overtaken Maharashtra to become the country’s main manufacturing center, according to data from the Reserve Bank of India. Gujarat’s gross value added in the manufacturing sector has increased by 15% per year. Read more

Spending on health-related items decreases

According to data from Axis My India’s Inda Consumer Sentiment Index, India’s spending on health-related items fell in percentage in November, even as household spending rose. Read more

Maruti Suzuki and Audi will increase their prices from January

India’s largest automaker will again raise prices for its vehicles, starting in January 2022. The price hike will vary by model. This is the fourth time the automaker has announced a price hike this year. Read more
German luxury car maker Audi on Thursday announced a price increase of up to 3% across its entire model range, from January 1 next year, due to increased costs entry and operation. Read details

MARKETS

“Markets are more concerned about the hawkish Fed than Omicron”

Market veteran Adrian Mowat told CNBC-TV18 that global markets are more worried about a hawkish Fed rather than the Omicron variant of the coronavirus. He said comments from Fed Chairman Jerome Powell were the main reason for the current market correction. Here is why he said that.

Hero Moto enters the bear market

Shares of Hero Motocorp fell 21% in 2021, pushing it into bearish territory. The action was Nifty’s worst performer this year. The shares closed at Rs 2,481 today. Here’s why the stock is in the red for the year.

Paytm obtains the first “purchase” rating

After receiving very lukewarm treatment from investors during the IPO, Paytm, the fintech stock received Dolat Capital’s first “buy” rating. The brokerage is the third to initiate coverage. Check the target price here.

INDIA

Two cases of Omicron variant found in Karnataka

The Union Health Ministry said on Thursday that two cases of the Omicron variant of COVID-19 had been discovered in Karnataka. Continue reading

Cyclonic storm would like to cause heavy rains in South Bengal

A brewing cyclonic storm in the Bay of Bengal is likely to bring heavy to very heavy rains, along with gusty winds, to various districts of South Bengal over the weekend, the Met Department said.Read more

Maharashtra revises travel rules for passengers

The government of Maharashtra on Thursday again updated travel guidelines for passengers arriving in the state of South Africa and two other high-risk countries. Read more

INTERNATIONAL

British woman sues mother’s doctor over birth, earns millions

In a landmark judgment, a UK court ruled in favor of a 20-year-old woman who sued her mother’s doctor for millions, saying she should never have been born. Read more

Global food prices rise for fourth consecutive month in November

Global food prices rose for the fourth consecutive month in November to maintain 10-year highs. The increase was fueled by strong demand for wheat and dairy products, the Food and Agriculture Organization of the United Nations (FAO) said today. Read more

Omicron patients in South Africa did not need oxygen

Patients who tested positive for the Omicron variant of the coronavirus in South Africa have so far not felt the need for oxygen support, Dr Angelique Coetzee, who detected the viral strain, told CNBC-TV18 exclusively. . Read more

You and me

You will soon be able to book Uber via WhatsApp

Ridesharing platform, Uber has announced a partnership with the WhatsApp messaging platform owned by Meta Platforms. As part of the partnership, passengers can send a WhatsApp message to Uber business contact number and quickly book a ride. The feature will soon be available nationwide. Here’s how to book a ride.

Highest Paid Athletes: Ronaldo on # 5, who is # 1? To find.

Some athletes are richer than the CEOs of some big companies. Roger Federer is in 10th place on our list of highest paid athletes and Christiano Ronaldo in 5th. In the first row is this basketball player.

Credit card spending increases during the holiday season

Credit card spending in India has seen a sharp increase thanks to the holiday season. Over the past six months, average monthly spending on a credit card has increased to around Rs 12,400, up from Rs 10,700 earlier, brokerage firm Motilal Oswal said in a report. Continue reading

(Edited by : Yashi Gupta, Aditi Gautam)

First publication: STI