Business
Do You Have an Inactive PPF Account? Here’s a Step-by-step Guide to Revive it
Public Provident Fund, an instrument which aims to mobilize small savings by offering reasonable returns, is one of the highest-yielding small saving schemes after the Employees’ Provident Fund. While the EPF is available to salaried people, the central government-run PPF can be availed by all earning individuals. PPF investments...
Oil Falls as India Crisis, US Stocks Build Dampen Confidence in Fuel Demand Recovery
Oil prices dropped on Wednesday, paring overnight gains, with soaring Covid-19 cases in India and a bigger-than-expected build in US crude stocks offsetting confidence shown by OPEC and its allies in a solid recovery in global fuel demand. Brent crude futures fell 26 cents, or 0.4%, to $66.16 a...
Samsung Heirs To Pay Over $10 Billion, Donate Mass Art Trove in Inheritance Tax
Samsungs founding family will donate tens of thousands of rare artworks, including Picassos and Dalis, and give hundreds of millions of dollars to medical research to help them pay a massive inheritance tax following last years death of chairman Lee Kun-Hee. The Lee family, including his wife and three...
Top Stocks For Investors on April 28
Amid trends on SGX, Nifty indicate a flat start for a flat to positive opening for Indian benchmark indices on April 28. The BSE Sensex at 09:02 am IST was up 279.06 points or 0.57 percent at 49,223.20, while the Nifty was down 91.50 points or 0.62 percent at...
Gold Prices See a Decline, Silver on the Rise
Gold prices struggled to move up in Indian markets on Wednesday, April 28. According to Good Returns, the gold rate for one gram of 22-carat in the country fell Re 1 at Rs 4,479 from Rs 4,480 the previous day. Similarly, the price of 10 grams of 22-carat-gold noticed...
China Adopts New Anti-espionage Regulation to Prevent ‘Foreign Infiltration’ in Key Firms
China has rolled out a new anti-espionage regulation, under which the national security authority will draw up lists of companies and organisations that are susceptible to foreign infiltration and require security measures to deal with the threats. Since “foreign spies, intelligence agencies and other hostile forces” have intensified their...
SBI General Insurance to Bear Cost of Covid-19 Vaccination for Active Agents, POSPs
State Bank of India (Reuters Image) The vaccination is extended to all advisors who have remained active with the insurer since March 2020 and are eligible for vaccination under the government’s current norms, a release said. PTI Mumbai Last Updated:April 27, 2021, 18:45 IST FOLLOW US ON: Private non-life...
Adani Ports Waives Charges for Ships Carrying Covid Equipment, Gives Priority Berthing
Adani Ports and SEZ (APSEZ), the nation’s largest private sector operator of sea ports, has waived charges for ships exclusively carrying COVID-related equipment, and said such vessels will be given priority berthing. Billionaire Gautam Adani’s group has also secured about two dozen cryogenic tanks for transporting medical oxygen, from...
Sensex Rallies 558 Points; Nifty Ends Above 14,650
Equity benchmark Sensex rallied 558 points on Tuesday, driven by gains in index heavyweights Reliance Industries, HDFC Bank and L&T. The 30-share BSE index ended 557.63 points or 1.15 per cent higher at 48,944.14. Similarly, the broader NSE Nifty surged 168.05 points or 1.16 per cent to 14,653.05. L&T...
Amazon and Flipkart Have Now Started Taking Undue Advantage of the Pandemic: Traders’ Body
Confederation of All India Traders (CAIT), in a letter to Commerce Minister Piyush Goyal, said that large e-commerce companies are continuing to supply non-essential items despite government orders to avoid such deliveries. “In furtherance of the illegal activities being carried out by Amazon and Flipkart, they have now started...
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...
