Business
Industrial Production Contracts 3.6% in February
India’s industrial production contracted by 3.6 per cent in February, official data showed on Monday. According to the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), manufacturing sector output declined by 3.7 per cent in February 2021. Mining output slipped 5.5 per cent, while...
Wheat Procurement in Full Swing, Farmers Getting MSP in Their Bank Accounts: Food Secy
Food Secretary Shudhanshu Pandey said on Thursday that wheat procurement has gained pace in the ongoing Rabi Marting Season (RMS) 2021-22 with the government agencies procuring 64.7 LMT of wheat worth Rs 12,800 crore at MSP (Minimum Support Price) of Rs 1,975 per quintal, against an estimated target of...
RTGS Services Won’t Be Available For 14 Hours on Sunday; All You Need to Know
The Reserve Bank of India (RBI) on Monday announced that the money transfer facility, Real Time Gross Settlement System (RTGS), will be unavailable for 14 hours from 00:00 to 14:00 hours on Sunday, April 18, in lieu of a technical upgrade to enhance the resilience of the system. The...
Wipro, SBI, HCL Technologies: Top Stocks for Investors Today
The indices on Friday, April 16, are expected to open flat as the SGX Nifty was trading at 15.00 points or 0.10 percent down at 14,604.50 at 7:20 am. With inputs from News18
Sensex, Nifty End Marginally Higher; Rupee Zooms 58 Paise to Settle at 74.35 Against US Dollar
Equity benchmarks Sensex and Nifty ended marginally higher after a volatile session on Friday amid positive cues from global markets. The 30-share BSE Sensex ended 28.35 points or 0.06 per cent higher at 48,832.03. Similarly, the broader NSE Nifty rose 36.40 points or 0.25 per cent to 14,617.85. Asian...
Sensex Jumps Over 150 Points in Early Trade; Nifty Tests 14,650
Equity benchmark Sensex advanced over 150 points in early trade on Friday, tracking gains in index majors HDFC twins, Asian Paints and HCL Tech amid largely positive cues from global markets. The 30-share BSE index was trading 160.43 points or 0.33 per cent higher at 48,964.11. Similarly, the broader...
Gold and Silver Prices Rise Marginally
Gold and silver prices witnessed a marginal hike in the country on Friday, April 16. For one gram of 22-carat gold, the rate increased by Re 1 as the cost stood at Rs 4,486 compared to Rs 4,485 on the previous day. The price of 10 grams of 22-carat-gold...
World Stocks Near Record Highs as China, US Data Back Global Recovery Hopes
A batch of Chinese and U.S. economic data helped underpin global stocks near record highs on Friday, as investors priced in a solid global recovery from the coronavirus-induced slump. In Asia, markets were largely steady after China reported a sharp acceleration in first quarter growth, though the reading slightly...
Turkey Bans Use of Cryptocurrencies for Payments, Sends Bitcoin Down
Turkey’s central bank banned the use of cryptocurrencies and crypto assets to purchase goods and services, citing “irrepairable” possible damages and significant risks in such transactions. In legislation published in the Official Gazette overnight, the Central Bank of Turkey (CBRT) said cryptocurrencies and other such digital assets based on...
Chinese Regulator Orders Ant Group to Conduct Major Overhaul, Cease Anti-monopoly Practices
Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms. In a meeting Monday, the central bank and other financial regulators also ordered Ant to cease anti-competitive...
