Business
Sensex, Nifty Extend Losses in Choppy Trade Amid Covid-19; Banking, IT Stocks Drag
Domestic equity benchmarks Sensex and Nifty erased early gains to finish with losses for the second day on the trot on Tuesday, as surging COVID-19 cases and growing localised restrictions continued to dent investor sentiment. The BSE Sensex slipped 243.62 points or 0.51 per cent to close the session...
Rupee Slips to 74.88 Against Dollar on Covid-19 Concerns Amid Spiralling Cases
Mumbai: The rupee pared its initial gains to close marginally down by 1 paisa at 74.88 against the US dollar on Tuesday due to worries that the alarming surge in COVID-19 cases could derail the economic recovery in the country. An increase in crude oil prices and losses in...
Delhi HC Lays Down Guidelines for Ensuring Quick Removal of Offensive Content from Internet
The Delhi High Court on Tuesday laid down guidelines to be followed by courts while dealing with cases related to removal of objectionable content from the internet to ensure access to such offensive material is restricted at the earliest and it is not re-posted anywhere else by others. The...
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...
