News Bulletin: 6/10/2022

▫️IPOs worth Rs 1 trillion are lined up to hit the equity markets.

▫️Budget two wheeler sales are on weak front due to rising ownership cost.

▫️After iPhone, Apple is looking to manufacture Airpods and Beats.

▫️After 5G, Airtel is looking to tap in the wireless broadband market.

▫️Airline to get extra credit support under emergency credit line guarantee scheme.

▫️WTO has sharply reduced the global trade growth to only 1% in 2023.

▫️Sugar exports jumped 57% in 2021-22.

▫️HCL Tech to hire 1,000 people in Brazil in 2 years.

▫️Opec+ countries announced for large cuts in oil production, despite strong opposition from the US and other countries.

▫️There are nearly 800,000 unsold housing units inventory across 8 big cities and it will take 32 months for developers to clear their inventory.