Business
Asian Stocks Fall as Virus Worries Return to Haunt Markets
Asian shares and U.S. stock futures fell on Wednesday as concern about a resurgence of coronavirus cases in some countries cast doubt on the strength of global growth and demand for crude oil. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.6%. Australian stocks dropped 1.25% and shares...
Network18 Media & Investments Reports 241.9 Per Cent Jump In Q4 Consolidated Profit
As part of its fourth-quarter results, Network18 Media & Investments on Wednesday reported more than 3-fold, 241.9 per cent, increase in consolidated profit at Rs 205.8 crore, compared to Rs 60.19 crore in the corresponding period, led by lower operating cost. Consolidated profit in the financial year 2020-21 grew...
Banks to Remain Shut Today For Ram Navami 2021; Check List of Holidays In April
Banks in most parts of the country will remain shut on the occasion of Ram Navami today on April 21. Rama Navami is considered as an important festival for people following the Hindu religion. The day is celebrated on the ninth day in the month of Chaitra, which is...
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...
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...
