Business
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...
Gold Edges Close to Rs 48,000, Silver trades at Rs 69,300; Check Rates Here
Amidst easing dollar value and yields, the gold prices gained in the Indian market on Friday, April 23. For one gram of 22-carat gold, the rate rose by Re 1 as the cost stood at Rs 4,526 compared to Rs 4,525 on the previous day. The price of 10...
Top Stocks For Investors on April 23
The equity indices closed in green on Thursday that ended their two-day losing streak. However, the momentum was not carried forward on Friday, April 23, as the Indian markets are likely to see a gap down opening on the back of weak global cues and surging new Covid-19 cases...
IDBI Invites Application for Chief Data Officer and Other Posts; Check Details Here
The Industrial Development Bank of India (IDBI) has invited applications for Chief Data Officer, Deputy Chief Technology Officer, Chief Information Security Officer, and Head- Digital Banking posts from experienced candidates on a contractual basis. The interested and eligible candidates can apply for the same by visiting the official website...
Companies Spending for Setting Up Makeshift Hospitals to Be CSR Activity: Govt
The government on Thursday said spending by corporates for setting up makeshift hospitals and temporary COVID-19 care facilities will be considered as CSR activities. Under the companies law, certain class of profitable entities are required to spend at least 2 per cent of their three-year annual average net profit...
Fitch Affirms BBB- Rating, Says COVID Surge May Delay India’s Economic Recovery
New Delhi: Fitch Ratings on Thursday said the resurgence of COVID-19 infections may delay India’s economic recovery, but won’t derail it, as it kept the sovereign rating unchanged at ‘BBB-‘ with a negative outlook. It projected a 12.8 per cent recovery in GDP in the fiscal year ending March...
Jump in Covid-19 Cases, Lockdowns Add Uncertainty to Growth Outlook, Says RBI Guv
The uncertainty created by the jump in Covid-19 infections and localised lockdowns prompted RBI Governor Shaktikanta Das and other members of the rating setting panel MPC to unanimously vote for status quo in interest rates and an accommodative policy stance to support growth, as per minutes of the meeting...
Commerce Ministry for Anti-dumping Duty on Certain Copper Items from China, 5 Others
The Commerce Ministry’s investigative arm DGTR has recommended imposition of anti-dumping duty on the import of certain copper products, used in electrical industry, from China, Thailand, Korea and three other countries for five years to guard domestic manufacturers from cheap imports. The Directorate General of Trade Remedies (DGTR) has...
IDBI Invites Application for Chief Data Officer, Other Posts; Check Details Here
The Industrial Development Bank of India (IDBI) has invited applications for Chief Data Officer, Deputy Chief Technology Officer, Chief Information Security Officer and Head- Digital Banking posts from experienced candidates on a contractual basis. The interested and eligible candidates can apply for the same by visiting the official website...
