Business
Central Bank of India is Now Offering Special Deposit Scheme With Better Rates if You’re Vaccinated
In order to encourage people to get Covid-19 vaccines, the state-run Central Bank of India has launched a special deposit scheme offering an additional interest rate of 25 basis points above the applicable card rate for those who get vaccinated. The new product, Immune India Deposit Scheme, has a...
Goldman Sachs Lowers Growth Forecast, Nifty Target
Wall Street brokerage Goldman Sachs has flagged a slew of concerns on the surging COVID-19 caseload that has been hitting new records everyday, coupled with the rising lockdowns, forcing it to downgrade India’s GDP growth forecast for the full year to 10.5 per cent from 10.9 per cent, apart...
Here is What to Look Out For
Much to the interest of markets and investors, Infosys will consider a buyback plan at its meeting on Wednesday, alongside its March quarter earnings. The IT giant had last Sunday announced that the outcome of the board meeting will be disseminated to the stock exchanges after conclusion of the...
Banks to Remain Shut till April 16 in Some States, Check Full List
Banks will remain closed in most of the states for three days on account of Dr Babasaheb Ambedkar Jayanti and various festivals. Because of the holidays, bank customers will not be able to withdraw and deposit money at the bank branches. However, customers can note that ATMs, mobile banking,...
Employees, Markets Curious as Top Officials Meet to Decide on Privatisation of 2 Public Sector Banks Today
The Centre, in a meeting of top officials on Wednesday, will zero in on privatisation of two public sector banks. Senior members of the Niti Aayog, RBI and the finance ministry’s financial services and economic affairs departments will be discussing the potential candidates for privatisation NITI Aayog had last...
New Maharashtra Restrictions Likely to Impact Sensex, Nifty: Report
India is going through a tough phase due to the rapid increase in coronavirus cases across the country, especially in the state of Maharashtra. Taking in view of the station, Chief Minister Uddhav Thackeray imposed Section 144 in the state to curb the virus spread. Various restrictions have also...
Dr Reddy’s Working on Stability Data on 2 to 8 C Temperature Range for Sputnik V Vaccine
Dr Reddy’s Laboratories is in the process of generating additional stability data for Russia’s COVID-19 vaccine Sputnik V, which has a storage condition of -18C, on 2 to 8 C, a senior official of the drug maker said on Wednesday. Deepak Sapra, Dr Reddy’s Chief Executive Officer, API and...
Coinbase Listing Marks Latest Step in Crypto’s March to the Mainstream
The listing is by far the biggest yet of a cryptocurrency company, with the San Francisco-based firm saying last month that private market transactions had valued the company at around $68 billion this year, versus $5.8 billion in September. It represents the latest breakthrough for acceptance of cryptocurrencies, an...
LinkedIn Report Finds 93% Companies in India Are Looking to Fill Roles internally
According to LinkedIn’s Future of Talent report, more than nine in 10 (93 per cent) companies in India are looking to fill open roles internally in the post-Covid era. LinkedIn, on Wednesday launched the first edition of the ‘Future of Talent’ report that looked at the evolving role of...
Bitcoin Breaches $63,000 Mark for the First Time, Ether Enjoys a Buoyant Week
Bitcoin this week touched a new record high of USD 63,000. The price of bitcoin climbed as high as USD 63,729.5 on Tuesday, according to data from Coin Metrics. It last traded just under USD 63,000. Bitcoin climbed further by 5 percent during trading the same day. In the...
Financial Markets to Remain Shut for Dr. Baba Saheb Ambedkar Jayanti
Bhimrao Ramji Ambedkar, popularly known as Babasaheb Ambedkar, was a social reformer and the principal author of the Indian Constitution Banks will remain closed in most parts of the country till 16 due to various festivals PTI Mumbai Last Updated:April 14, 2021, 11:04 IST FOLLOW US ON: Domestic financial...
Second Wave of Coronavirus in India May Trigger a Fresh Bout of NPAs and Defaults, Bankers Fear Recovery Wipe-out
With the second wave of coronavirus spreading rampantly across the country, banks are again staring at a year of defaults, NPAs and bad books. Moreover, the RBI is yet to announce a moratorium for this year. Bankers fear lockdown-like curbs, including curfews, travel restrictions and mall shutdowns, are likely...
Top Stocks for Investors on April 13
The stock market on Monday, April 12, fell drastically around 3 percent to give a negative ending. The indices on Tuesday, April 13, are expected to give a flat opening as the SGX Nifty was trading at 11.50 points or 0.08 percent down at 14,347.50 at 7:15 am. On...
Price of Gold & Silver Hikes Marginally; Check Prices Here
Gold and Silver prices on Tuesday, April 13, increased marginally in the country. For one gram of 22-carat gold people will have to pay Rs 4 more as the rate stood at Rs 4,475 compared to Rs 4,471 on the previous day. The price of 10 grams of 22-carat-gold...
Sensex Rises Over 200 Pts in Early Trade; Nifty Above 14,350
Equity benchmark Sensex jumped over 200 points in early trade on Tuesday, tracking gains in index majors Reliance Industries, ICICI Bank and HDFC twins amid largely positive cues from Asian peers. The 30-share BSE index was trading 236.71 points or 0.49 per cent higher at 48,120.09. Similarly, the broader...
Bank Credit Rise 5.56%; Deposits 11.4% in FY21: RBI Data
Bank credit grew 5.56 per cent to Rs 109.51 lakh crore, while deposits rose 11.4 per cent to Rs 151.13 lakh crore in the financial year ended March 31, 2021, data released by the Reserve Bank of India (RBI) showed. In the 2019-20 fiscal, advances had grown at 6.1...
TCS Reports 15% Jump in March Quarter Profit on Cloud Services Demand Amid Pandemic
Tata Consultancy Services The Mumbai-based company declared a final dividend of 15 rupees per share, compared with 6 rupees per share a year earlier. Reuters BENGALURU Last Updated:April 12, 2021, 19:25 IST FOLLOW US ON: Tata Consultancy Services Ltd reported a 14.9% rise in March-quarter profit on Monday, as...
Shares of Dr Reddy’s Rally over 4% as Sputnik V Receives Approval for Emergency Use in India
File photo of Dr Reddy’s logo. The stock price of Dr Reddy’s Laboratories surged as much as 7.57 percent to an intraday high of Rs 5,119.90 apiece on the BSE. It closed at Rs 4,989.20, up 4.83 percent. The share price of Dr Reddy’s Laboratories rallied over 4 per...
