Business
Elon Musk Qualifies for $11 Billion Options Payout as Tesla Cracks Profit Mark
Tesla’s quarterly report on Monday hit targets qualifying Chief Executive Elon Musk for two options payouts worth a combined $11 billion. The electric car maker beat Wall Street’s expectations for first-quarter revenue and profit, boosted by record deliveries, robust demand from China and environmental credit sales. It reported quarterly...
Prices of 22-ct, 24-ct Gold Remains Unchanged
Gold prices struggled to move higher in Indian markets on Tuesday, April 27. According to Good Returns, for one gram of 22-carat gold, the rate remained same at Rs 4,494, compared to the previous day. Similarly, the price of 10 grams of 22-carat-gold too remained unchanged at Rs 44,940...
Top Stocks For Investors on Tuesday, April 27
Indian markets are likely to see a muted start on Tuesday, April 27 amid global cues and rising Covid-19 cases in the country. According to moneycontrol.com, the BSE Sensex at 09:02 am IST was up 95.58 points or 0.20 percent at 48,482.09, while the Nifty was down 50 points...
Coalition of Multinational Firms Focused at Delivery of Life-saving Supplies to India: Deloitte CEO
A coalition of multinational companies has agreed to focus on the immediate delivery of life-saving supplies to India as it experiences a record surge in the number of coronavirus cases, Deloitte CEO Punit Renjen said on Monday as the company was in the process of shipping 1,000 oxygen concentrators....
Govt Appoints Economic Affairs Secretary Ajay Seth on RBI Board
The Reserve Bank on Monday said the government has appointed Economic Affairs Secretary Ajay Seth on the central bank’s board. Seth replaces Tarun Bajaj, who was appointed as Revenue Secretary earlier this month. A 1987-batch Karnataka cadre IAS officer, Seth assumed charge of the Department of Economic Affairs last...
RBI Imposes Ceiling of 70 Years for MD, CEO of Private Bank
The Reserve Bank of India (RBI) on Monday fixed the tenure of MD, CEO and whole-time director (WTD) in a private sector bank at 15 years and prescribed the maximum age of 70 years for such functionaries. These directives form part of the instructions issued by the RBI with...
Prices Tumble by Rs 10 per 10 gram of 22-ct Gold
Gold prices struggled to edge higher in Indian markets on Monday, April 26 bringing cheer to buyers as the wedding season in the country starts amid the second wave of coronavirus infections. According to Good Returns, for one gram of 22-carat gold, the rate fell by Rs 1 as...
Punjab Farmers Received Rs 8,180 Cr MSP Payment Directly in Bank Accounts This Year: Govt
Representative image (Reuters) Currently, wheat procurement is in full swing in Punjab, Haryana and Uttar Pradesh. PTI New Delhi Last Updated:April 26, 2021, 17:01 IST FOLLOW US ON: Farmers in Punjab, for the first time, have started receiving wheat MSP payment directly in their bank accounts and about Rs...
Nifty, Sensex Ride High on ICICI Bank, Reliance Surge
Indian shares jumped on Monday, with private-sector lender ICICI Bank Ltd climbing after strong quarterly results, as investors hoped that surging coronavirus cases could peak soon and mitigate the pandemic’s economic impact. The NSE Nifty 50 index rose 1.36% to 14,539.15 by 0426 GMT, while the benchmark S&P BSE...
Reliance Foundation to Manage 875 Covid Beds, Including 145 ICU Beds, in Mumbai
Continuing its fight against the pandemic, Reliance Foundation (RF) has scaled up its operations to address the growing needs of Covid-19 management in Mumbai. As part of the initiative, the behemoth’s Sir HN Reliance Foundation Hospital will manage a 650-bed facility at NSCI. Reliance Foundation will newly create, commission...
Top Stocks For Investors on Monday, April 26
Amid strong global cues, Indian benchmark indices, Sensex and Nifty traded higher in pre-opening on Monday, April 26. However, investors are keeping an eye on the Covid situation and Q4 earnings going ahead. The BSE Sensex was up 328.37 points or 0.69 percent at 48,206.82, and the Nifty was...
Govt Asks Twitter, Other Social Media Platforms to Remove Misleading Posts Around Covid
The government has asked social media platforms, including Twitter and Facebook, to remove content and posts that were found to be spreading misinformation and public panic around the pandemic, according to sources. Twitter said it has notified the impacted account holders of its action taken in response to a...
Reliance to Launch Own Vaccination Programme ‘R-Suraksha’ for Employees, Family Members
Reliance Industries Limited (RIL) has announced its own vaccination programme ‘R-Suraksha’ for all employees and their eligible family members above 18 years of age. The programme will commence from May 1, according to a statement by RIL Chairman Mukesh Ambani to the employees. “As per the new guidelines of...
Here is How the Indian Equity Benchmark has Fared Over the Years
India’s equity index Nifty50 turned 25 years old on Thursday. It was launched in April 1996, when it traded at 1,107, with the base year of November 1995 set as 1,000. According to a report by Moneycontrol, if the 50 stocks in the Nifty, 13 companies – HDFC Bank,...
RBI Restricts American Express, Diners Club from Onboarding New Customers from May 1
File photo of Reserve Bank of India logo. The order will not impact the existing customers of these two entities, the central bank said. PTI New Delhi Last Updated:April 23, 2021, 19:58 IST FOLLOW US ON: Mumbai: The Reserve Bank has restricted American Express Banking Corp and Diners Club...
RBI Extends Temporary Advances Limit of Rs 51,560 Crore for States, UTs Till September to Tide Over Covid Losses
The Reserve Bank of India (RBI) headquarters in Mumbai. (AFP File) WMAs are temporary advances given by the RBI to the government to tide over any mismatch in receipts and payments. PTI Mumbai Last Updated:April 23, 2021, 19:46 IST FOLLOW US ON: The RBI on Friday said the existing...
Sensex Declines 202 Points After Choppy Trade, Nifty Ends Below 14,350
Equity benchmark Sensex declined 202 points on Friday, tracking losses in ICICI Bank, Infosys and HUL amid persistent concerns over the economic impact of the second wave of COVID-19 pandemic in the country. After a volatile session, the 30-share BSE index ended 202.22 points or 0.42 per cent lower...
UK-based Fintech Revolut Appoints Paroma Chatterjee as India CEO
Today the UK-based global fintech Revolut, valued at $5.5 billion last year, has announced the appointment of Paroma Chatterjee as its CEO in India, as the company continues to expand globally. Prior to joining Revolut, Ms Chatterjee held senior executive roles at Lendingkart, Via.com, Flipkart and Airtel Money. She...
