Current Affairs - Business

Edelweiss Asset Management Company (AMC), a subsidiary of Edelweiss Capital Limited (ECL) has launched India's 1st Corporate Bond ETF (exchange trade fund) called the Bharat Bond ETF. The ETF is a government initiative and Edelweiss AMC was given the mandate to design and manage the product.

CPWD organized a National level Business meet in New Delhi. The national-level meeting was held to get the views from the Clients and stakeholders about the Services provided by CPWD.

Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing Memorandum of Cooperation (MOC) between Government of India and Government of Japan to constitute 'India-Japan Steel Dialogue' to strengthen cooperation in steel sector. MoC will help in capacity building for high grade steel manufacturing in India.

Full-service airline Vistara on December 8 said it has entered into a codeshare pact with Lufthansa.The two carriers already have an interline partnership.Codesharing allows an airline to book its passengers on its partner carriers and provide seamless travel to destinations where it has no presence. An interline arrangement refers to a pact to issue and accept tickets for flights that are operated by the partner airline.

According to the "Business-to-Consumer (B2C) E-commerce Index 2019" released by UNCTAD's (United Nations Conference on Trade and Development), India has moved seven places up and ranked 73rd out of 152 countries index that measures an economy's preparedness to support online shopping with the Index score of 57.0. For the 2nd consecutive year in a row, the Netherlands leads the Index with the score of 96.4, followed by Switzerland (2nd with 95.5) and Singapore(3rd with 95.1).