Business
Retail Inflation for Farm, Rural Workers Rise Marginally in March Due to Higher Food Prices
Retail inflation for farm workers and rural labourers rose marginally to 2.78 per cent and 2.96 per cent in March, mainly due to higher prices of certain food items. Consumer Price Index-Agricultural Labourers (CPI-AL) and Consumer Price Index-Rural Labourers (CPI-RL) had stood at 2.67 per cent and 2.76 per...
Cabinet Gives Ex-post Facto Approval for Amendments to Finance Bill, 2021
The Union Cabinet on Tuesday gave ex-post facto approval to the official amendments to the Finance Bill, 2021, which were aimed at clarifying and rationalising tax proposals for 2021-22. The amendments were essential to clarify and rationalise the proposals further and address stakeholders’ concerns arising out of the proposals...
Vaccine Liberalisation to Fasten Drive, Incentivise Manufacturers to Set Up Capacity: Harsh Vardhan
Liberalisation of the COVID-19 vaccine programme will accelerate pace of the drive and also incentivise manufacturers to set up capacity, Union Health Minister Harsh Vardhan said on Tuesday. Speaking at an event organised by local industry lobby IMC, Vardhan admitted that these are trying times, adding that the government...
Reliance Increases Supply of Oxygen to Over 700 Tonnes a Day to Covid-hit States: Report
New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd has tweaked manufacturing at its Jamnagar oil refineries to produce over 700 tonnes a day of medical-grade oxygen which is being supplied free of cost to states badly affected by COVID-19, sources said. The company’s Jamnagar refineries in Gujarat initially produced...
Govt Approves Subsidy Policy for Urea Produced Through Coal Gasification
The Union Cabinet on Tuesday approved an exclusive subsidy policy for urea produced through coal gasification by Talcher Fertilizers Limited. It would assist in reducing urea imports to the tune of 12.7 lakh tonne per annum leading to savings in foreign exchange, Commerce Minister Piyush Goyal told reporters after...
Decide Corruption Complaints Against Employees Within 3 Months, CVC Tells Govt Depts
The Central Vigilance Commission (CVC) has asked all central government organisations to decide on corruption complaints against employees within three months. The move comes after the probity watchdog noted with concern that corruption complaints were not being taken to a logical conclusion or the action taken on them were...
Top Stocks for Investors on April 6
The stock market on Monday, April 5, plunged over 1.5 percent to give a negative ending amid rising Covid-19 cases in the country. The indices on Tuesday, April 6, are expected to give mixed cues as the SGX Nifty was trading at 8.35 points or 0.06 percent down at...
Flipkart Tech Veteran, Ajay Gondhiya, Joins Hopscotch As CTO To Grow DTC Brand
Flipkart veteran, Ajay Gondhiya, joins Hopscotch as CTO to further the kids brands’ leadership position in a $15bn kids fashion market, a move led by tech-focused search firm, Purple Quarter. Ajay Gondhiya’s proven expertise and maturity made him the ideal candidate to partner with the Hopscotch leadership and further...
Rate Increases Marginally, Silver Witnessed a Slump
Gold prices increased marginally in the country on Tuesday, April 20. According to Good Returns, for one gram of 22-carat gold, the rate rose by Re 1 as the cost stood at Rs 4,508 compared to Rs 4,507 on the previous day. The price of 10 grams of 22-carat-gold...
Top Stocks for Investors on April 20
The stock market with indications of opening in red on Tuesday, opened higher amid mixed global cues. The BSE Sensex was up 438.92 points or 0.92 percent at 48,388.34. While the Nifty50 was up 151.80 points or 1.06 percent at 14511.30. Top stock to look for the day: Tata...
Sensex Jumps Over 300 Pts in Early Trade; Nifty Reclaims 14,700 Level
After starting on a weak note, equity benchmark Sensex rebounded over 300 points in early trade on Tuesday, tracking gains in index heavyweights HDFC twins, Infosys and ICICI Bank. The 30-share BSE index pared its initial losses and rebounded 313.14 points or 0.64 per cent to 49,472.46, and the...
Sensex, Nifty End Marginally Higher After Choppy Trade Amid Second Covid Wave Concerns
Equity benchmarks Sensex and Nifty ended marginally higher on Tuesday, tracking high volatility amid concerns over the economic impact of the second wave of coronavirus infections in the country. After swinging around 646 points during the day, the 30-share BSE Sensex settled 42.07 points or 0.09 per cent higher...
India to Buy One-third Less Oil from Saudi Arabia
Indian refiners will buy less oil from Saudi Arabia next month as they snap up supplies outside of the Middle East as part of diversification drive amid weakening domestic fuel demand on the resurgence of COVID-19. State-owned Indian Oil Corporation (IOC) and three other refiners have sought just 65...
Adani Group Becomes 3rd Indian Conglomerate to Cross $100 Bn in M-cap
Billionaire Gautam Adani’s ports-to-energy conglomerate has become India’s third group to cross $ 100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday. The total market cap of Adani Group’s six listed companies at the close of trading...
IMF Projects India’s Growth Rate to Jump to 12.5% in 2021 after Jittery Year amid Pandemic
IMF expects India’s GDP growth at 12.5% in 2021. It has projected the global economy to grow at six per cent in 2021 and 4.4% in 2022. The nation is set to regain tag of fastest growing economy. The Washington-based global financial institution, in its annual World Economic Outlook...
Top Stocks For Investors on April 19
The stock market on Friday, April 16, gave a flat ending. This was a positive closing for the third consecutive day. However, the indices on Monday, April 19, are expected to open lower as the SGX Nifty was trading at 165.50 points or 1.13 percent down at 14,476.00 at...
Rupee Slumps 52 Paise to 74.87 Against US Dollar in Early Trade
The Indian rupee slumped 52 paise to 74.87 against the US dollar in opening trade on Monday, amid fears that a rapid resurgence of COVID-19 cases in the country could disrupt the economic recovery. Besides, the heavy selloff in domestic equities also weighed on investor sentiment. At the interbank...
Oil Drops as Surging Covid-19 Infections Stoke Demand Concerns
Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude. Brent crude was down 23 cents, or 0.3%, at $66.54 a barrel by...
