Indian business news: January 2021

Sunday, January 31, 2021

Budget 2021: MSMEs Seek Short-Term Suspension Of Basel Norms, Prompt Payment

Budget 2021: Targeted schemes designed with a job creator focus, facilitating prompt payment systems, and short term suspension of basel norms may provide a boost to MSMEs

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Finance Minister Launches Union Budget Mobile App: All You Need To Know

Budget 2021: The Budget documents will be available on the Union Budget mobile app after the completion of the Budget Speech by the Finance Minister on February 1, 2021

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Budget 2021: What Is Halwa Ceremony And What Does It Signify

Budget 2021 Halwa Ceremony: Ahead of the budget presentation every year, the ceremony recognises the efforts of all staff members and officials who were part of the budget-making process

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Signs Of Recovery Amid Dip In Virus Cases, Vaccine Rollout Ahead Of budget 2021

With new infections dipping sharply over the last few months and a nationwide vaccine roll-out put in place this month, consumer confidence and demand look set to grow further

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Petrol, Diesel Prices Remain Unchanged On Monday

In Delhi,the price of petrol remained unchanged at Rs 86.30 per litreand diesel was steady at Rs 76.48 per litre, according to Indian Oil Corporation

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Stocks To Watch: Tata Motors, Tech Mahindra, ICICI Bank

Finance minister Nirmala Sitharaman will present the Budget in Parliament today at a time when the country is facing a once-in-a-lifetime health crisis

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Budget 2021 Aiming To Revive Economy Despite Fiscal Headroom

Budget 2021: Prime Minister Narendra Modi has said the budget will be in continuation of government efforts to revive sectors impacted by pandemic

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Buy Nifty Put Options Ahead Of Budget, Says HDFC Securities

The Finance Minister Nirmala Sitharaman has already raised expectations from the forthcoming budget, saying that it will be like never before, and alluded to it as "unlike anything seen in the last...

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Government Likely To Double Health Spending In Budget 2021: Report

Government will likely raise its health spending to Rs 1.2-1.3 lakh crore in the fiscal year starting April 1.

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Budget 2021: Government Must Bridge Digital Divide, Abolish 18% GST On Education

Budget 2021: While the government had given signals of the GDP allocation towards the sector to be at six per cent of GDP, experts demand that the allocation should increase to 10 per cent

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Defence Sector May Receive Higher Budgetary Allocation In Budget 2021

The central government had hiked the defence budget by six per cent last year; an amount of Rs 4,71,378 crore was allocated to the defence sector, which included expenditure on salaries and pensions.

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Budget 2021: Startups Seek Cuts In GST Rates, Suspension Of Basel Norms

Budget 2021: Cuts in GST rates, suspension of basel norms for three years, and measures to increase foreign investments are some demands which experts seek for the startup industry

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Budget 2021: India Needs Technology-Friendly Tax Policy, Says Deloitte India

Incentivising R&D in technologies such as AI, ML and Blockchain could help leverage India's niche and cost-effective science and engineering talent to build its strategic capabilities

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Budget 2021: Economy To Get Shot In The Arm From Budget, Say Economists

Budget 2021: India's Union budget, due on February 1, would help a significant economic recovery in financial year 2021-22 and has already sent stocks to record highs

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COVID Cess, Increase Section 80C Limit: What Financial Planners Want From Budget

Budget 2021: Experts believe that COVID cess may be made applicable to higher income brackets individuals or business with specified turnovers

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Budget 2021: Extend Ayushman Bharat Scheme For Pandemic Support, Says IMF

Budget 2021: IMF's Chief Economist Gita Gopinath has favoured the extension of pandemic support measures, thrust on investment in infrastructure, and divestment path for commercially viable companies

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Budget 2021: Auto Sector Seeks GST Reduction In Lithium Batteries

Budget 2021: The government should provide financing options, reduce GST on raw materials, reduce duties on lithium ion cell batteries, which may boost the sales of electric vehicles, according to...

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Railway Budget 2021 Allocation Expected To Be Rs 1.70 Lakh Crore: Brickwork

Railway Budget 2021: Along with the main allocation, the agency also expects that the allocation of safety fund for the railway network should be increased by 50 per cent to Rs. 30,000 crore

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Budget 2021: Defence Allocation Expected To Be Hiked To Sanitise Neighbourhood

Budget 2021: China and Pakistan are likely to prompt more money allocation for the defence forces for the second straight year

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Budget 2021: As India Unveils Budget, Watch Farm Stocks, Autos, Banks

Analysts believe that tax cuts, higher capital expenditure and greater spending on infrastructure projects -- which tend to support low-income earners -- hold the key to unlocking demand for goods and...

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RBI May Explore Cryptocurrency Operations: What Experts Seek From Budget

Budget 2021: The Reserve Bank of India is exploring the possibility as to whether there is a need for a digital version of fiat currency, according to its recent booklet on payment systems

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What Industries Want From PM Modi Government's Budget: Key Facts

Budget 2021: Corporates and industry lobby groups expect the government to announce greater spending on healthcare and infrastructure, as well as tax breaks for the automotive, manufacturing and...

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Sensex, Nifty LIVE: Nifty Futures Set To Open Higher Ahead Of Budget 2021

Markets are likely to remain volatile during the session as they would react to the announcements made by the Finance Minister.

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Budget 2021: Nirmala Sitharaman To Present Budget Tomorrow

Budget 2021: Nirmala Sitharaman is likely to focus on infrastructure, healthcare, agriculture, rural economy, MSMEs and sectors impacted by the Covid-19 pandemic and lockdown restrictions

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Saturday, January 30, 2021

Brookfield India Real Estate Trust IPO To Open On February 3

Investors can bid for a minimum 200 units and in multiples of 200 units thereafter, which translates into a minimum application size of Rs 55,000 at the higher end of the price band

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Petrol, Diesel Prices Remain Unchanged On Sunday

In the national capital, the price of petrol remained unchanged at Rs 86.30 per litre and diesel was steady at Rs 76.48 per litre, according to Indian Oil Corporation

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Sovereign Gold Bonds To Open For Subscription On Monday

Gold Bond Scheme: The eleventh tranche of the sovereign gold bond scheme, will open for subscription on Monday, February 1, and will be available for investing till Friday, February 5

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Budget Documents Explained: What To Find Where In Key Budget Components

Budget 2021: The Union Budget outlines estimates of government's accounts for forthcoming fiscal year

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Government Proposes To Launch Official Digital Currency: What Experts Say

Digital Currency In India: Many central banks across the globe are exploring ways to regulate cryptocurrencies but no major economy has taken the step of placing a blanket ban on owning them

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Key Challenges For Finance Minister Ahead Of Budget 2021 At A Glance

Budget 2021: Reserve Bank of India's monetary policy, including moratorium, restructuring of loans etc, has helped to ease financial constraints to some extent, but not the demand

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ICICI Bank Q3: October-December Net Profit Jumps 19% To Rs 4,940 Crore

ICICI Bank Limited reported a 19 per cent growth in net profit to Rs 4,940 crore for the October-December quarter in the current financial year, as compared to Rs 4,146 crore in the year-ago period....

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Tech Mahindra Q3: Net Profit Up 14% To Rs 1309.8 Crore In December Quarter

Tech Mahindra Q3 Results: The revenue from operations was almost flat at ₹ 9,647.1 crore in the quarter under review from ₹9,654.6 crore in the year-ago period

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US Lobby Group Urges India Not To Tighten Foreign Investment Rules

India is considering revising the rules after traders in the country accused Amazon's Indian division and Walmart's Flipkart of creating complex structures to bypass investment regulations

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Future Group Likens Amazon To 'Ruthless' Alexander The Great

Dubbing it a corporate battle "for supremacy over Indian customers", Biyani's staff e-mail late on Friday said Amazon was "playing the dog in the manger"

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What's In Focus For Government's High Stakes Union Budget

Budget 2021: India is likely to double healthcare spending in the next fiscal year with the aim of raising expenditure in the sector to 4 per cent of gross domestic output in next four years

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Friday, January 29, 2021

Petrol, Diesel Prices Remain Steady On Saturday

Petrol, Diesel Prices: In the national capital, the price of petrol remained unchanged at Rs 86.30 per litre and diesel was steady at Rs 76.48 per litre

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Sun Pharma Q3 Profit Doubles To Rs 1,852.5 Crore

The pharma major reported a net profit of Rs 1,852.5 crore in Q3FY21

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Infrastructure Output Down 1.3% In December, Shrinks For Third Straight Month

Infrastructure Output in December 2020: Apart from coal and electricity, all the other sectors recorded negative growth during the month, according to the Ministry of Commerce

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Economic Survey Exhorts Rating Agencies To Be More Transparent

The Economic Survey 2020-21, tabled in Parliament, said that sovereign credit ratings methodology must be amended to reflect economies' ability and willingness to pay their debt obligations

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Rupee Rises 9 Paise To Finish At 72.96 Against US Dollar

Rupee Vs Dollar: FIIs were net sellers in the capital market as they offloaded shares worth Rs 3,712.51 crore on Thursday

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Lockdown Saved Lives and Livelihoods: Krishnamurthy Subramanian

India's policy response to Covid-19 was guided by the realization that GDP growth will come back, but not lost human lives, Krishnamurthy Subramanian said

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Sensex, Nifty Fall For Sixth Session In A Row Ahead Of Budget 2021

Markets witnessed a spike in volatility during the session as India VIX index spiked 4 per cent

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Novavax: Covid-19 Vaccine 89% Effective In UK trial, less in South Africa

Serum Institute Of India has applied to conduct local trial for Novavax vaccine

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Economic Survey Launches Bare Necessities Index

These necessities are measured using 26 comparable indicators on five dimensions viz., water, sanitation, housing, micro-environment, and other facilities

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Government Says Fiscal Deficit May Overshoot Budget Estimates In 2020-21

The survey, which comes just ahead of the union budget for the new fiscal year that Finance Minister Nirmala Sitharaman is set to present on Monday, also forecast a "V-shaped" economic recovery.

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India Cruising Towards 'V-Shaped' Recovery: Economic Survey 2020-21

Faced with unprecedented uncertainty at the onset of the pandemic, India focused on saving lives and livelihoods by its willingness to take short-term pain for long-term gain, the Survey pointed out

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Economic Survey 2021: Expect 'V-Shaped' Economic Recovery

Economic Survey 2021 LIVE UPDATES: Ahead of Budget 2021, the economic survey projected a "V-shaped" economic recovery, and also cautioned that it would take at least two years to revert to...

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Economic Survey 2021 Projects 11% Growth Next Fiscal Year

Economic Survey: The economy is projected to contract 7.7 per centin the current financial year ending March 31

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Finance Minister Nirmala Sitharaman Tables Economic Survey In Lok Sabha

The Economic Survey 2020-21, authored by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy

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Thursday, January 28, 2021

Sensex, Nifty Give Up Gains Ahead Of Economic Survey

Eight of 11 sector gauges compiled by the NSE were trading higher led by the Nifty Private Bank index's nearly 1 per cent gain

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Ahead of Budget 2021, How Government's Spending Plans Have Fared So Far

The government has missed its total spending targets in the past two years, or even scaled them down, and has failed to meet goals for some of its flagship development programs, a review of budget...

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Economic Survey Likely To Predict 11% Growth For 2021-22: Report

The survey is set to forecast nominal GDP, which includes inflation, will rise 15.4 per cent, the highest since independence in 1947

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IRFC Shares Make Weak Debut On Exchanges, List At A Discount Of 4%

IRFC's three-day share sale via initial public offering which ended on January 20 was subscribed over 3 times on the BSE and National Stock Exchange

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Budget 2021: Any New Tax Could Hit Economic Recovery, Government Warned

A so-called Covid cess shouldn't be announced because the economy is still normalizing after a strict and vast lockdown, Sonal Varma, an economist at Nomura Holdings, said on Thursday

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Sensex, Nifty Off Day's Highs Ahead Of Economic Survey

The Indian equity benchmarks staged a gap up opening on Friday on the back of strong global cues ahead of presentation of the Economic Survey

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Budget 2021: Economic Survey To Be Presented Today

The Economic Survey is expected to dwell on the progress made by the Indian economy in the previous year and also present forecasts on the year ahead, in light of the coronavirus pandemic

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Sensex, Nifty Set To Open Higher On Positive Global Cues

Japan's Nikkei was steady but tracking toward its first weekly loss of 2021, having fallen 1.5 per cent since last Friday.

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Stocks To Watch: Maruti Suzuki, Tata Chemicals, Aviation stocks

Maruti Suzuki reported a 24 per cent rise in quarterly profit to Rs 1,941.4 crore during the December quarter, beating analysts' estimates

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Petrol, Diesel Prices Unchanged On Friday

In Delhi,the price of petrol remained unchanged at Rs 86.30 per litreand diesel was steady at Rs 76.48 per litre, according to Indian Oil Corporation

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Steep Fall From Grace For KKRs Big Bet On India Credit

After a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the worlds most tantalizing emerging markets

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Rupee Vs Dollar: Rupee Settles 13 Paise Lower At 73.05 Against US Dollar

Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 1,688.22 crore on Wednesday, according to exchange data

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IndiGo Q3: Airline Reports Net Loss Of Rs 620.1 Crore In December Quarter

IndiGo Q3 Results: Due to COVID-19 impact, the country's biggest airline reported net loss of Rs 620.1 crore in the December quarter, and revenue from operations declined 50.6 per cent

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Sensex, Nifty Fall For Fifth Day In A Row; HDFC Bank, Infosys Top Drags

The benchmarks staged a gap down opening and extended losses wherein the Sensex fell as much as 891 points

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Maruti Suzuki's Profit Surges 24% To ₹1,941 Crore in Q3 On Festival Sales

Maruti Suzuki sold a total of 495,897 vehicles during the quarter, higher by 13.4 per cent compared with the year-ago period

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What Industries Want From PM Modi Government's Budget: Key Facts

Indigo Paints IPO: How To Check The Share Allotment Status

Indigo Paints IPO comprised fresh issue of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital and promoter Hemant Jalan

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India's FDI Inflows Grew By 81% In November 2020 To $10.15 Billion

India has attracted total FDI inflow of $58.37 billion during April to November 2020

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Sensex Slumps Over 800 Points, Nifty Below 13,750; PSU Banks Worst Hit

Selling pressure was broad-based as all the 11 sector gauges compiled by the National Stock Exchange were trading lower

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Wednesday, January 27, 2021

GameStops Wild Ride Has Indian Retail Traders Strapping In

GameStop has exploded onto trading screens with the stock up more than 1,700 per cent this year

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US Video Game Retailer GameStop's Stock Jumps 1,000%. Key Facts

GameStop, a struggling US video game retailer, has seen its stock surge about 1,000 per cent in two weeks after a group of amateur investors active on the online forum Reddit banded together to fight...

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Apple's Business In India Low Relative To Size Of Opportunity: Tim Cook

Apple posted all-time record revenue of $111.4 billion, up 21% year over year. International sales accounted for 64% of the quarter's revenue.

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Apple's Business In India Doubled In Last Quarter, But Still Low: Cook

Apple registered over 60 per cent growth (year-on-year) in its India business in calendar year 2020, while for the festive quarter, the growth was an impressive 100 per cent on a year-on-year basis

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Australian Mining Stock Surges After Being Mistaken For GameStop

Trading volume in the company was at more than 20 times the normal average, leading some to believe that GME had been mistaken for GameStop

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Axis Bank Gains Over 2% Despite Decline In Q3 Net Profit

Axis Bank, the fourth largest private sector lender by market capitalisation, reported a 36.4 per cent year-on-year (YoY) decline in standalone net profit to Rs 1,117 crore for the quarter ended...

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Reddit Day Traders Add Billions To The Wealth Of The Super-Rich

Day traders have been piling into previously unloved tickers favored by short sellers in recent sessions, driving them to record highs.

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Sensex Drops Over 500 Points, Nifty Near 13,800 On Weak Global Cues

Sixteen of 19 sector gauges compiled by the BSE were trading lower led by the S&P BSE Finance index's 1.5 per cent drop.

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Budget 2021: A Guide To Stocks Likely To Be Most Affected

Apple Becomes World's Biggest Smartphone Seller In Fourth Quarter

Data from research firm IDC showed Apple's shipments surged 22 per cent to 90.1 million phones in the quarter, giving it global market share of 23.4 per cent and marking a record for the company

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Sensex, Nifty Set To Stage A Gap Down Opening On Weak Global Cues

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2 per cent, with valuations looking stretched given the index had risen more than 6 per cent just this month.

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Government Likely To Announce Sale Of IDBI Bank, Stake in LIC: Sources

The government plans to announce the sale of a 10 per cent to 15 per cent stake in the state-run Life Insurance Corporation in next week's budget, as part of a privatisation push to improve public...

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Stocks To Watch: Axis Bank, Hindustan Unilever, NTPC

Axis Bank reported a 36 per cent year-on-year decline in December 2020 quarter profit to Rs 1,117 crore due to higher provisioning for bad loans

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Petrol, Diesel Prices Steady Across Metros On Thursday

In the national capital,the price of petrol remained unchanged at Rs 86.30 per litreand diesel was steady at Rs 76.48 per litre, according to Indian Oil Corporation

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The Budget Must Fortify The Defence Industry: Deloitte India

Budget 2021: This year's budget presents an opportunity for the government to firmly declare aspirational targets for indigenous manufacturing and export

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Railway Budget 2021 Allocation Expected To Be Rs 1.70 Lakh Crore: Brickwork

App-Based Luggage Delivery Service Launched For Indian Railway Passengers

The pick up service starts at Rs.125 for the first bag (weighing up to 25 kg) depending on the distance from station, and Rs. 50 for subsequent luggage and a nominal charge for transporting the...

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Auto Sector Seeks GST Reduction In Lithium Batteries, Incentives Under PLI

Dr. Reddy's Ends Review Of Covid-19 Drug Avigan In Kuwait

Fujifilm, Dr. Reddy's and GRA had entered into a deal in July to sell Avigan globally excluding Japan, China and Russia

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COVID Cess, Increase Section 80C Limit: What Financial Planners Want From Budget

Budget 2021: Experts believe that COVID cess may be made applicable to higher income brackets individuals or business with specified turnovers

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Rupee Settles Marginally Higher To 72.92 Against Dollar

Rupee Vs Dollar Rate Today: At the interbank foreign exchange market, the domestic unit opened at 72.91 against the dollar and registered an intra-day high of 72.78

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Budget 2021: Extend Ayushman Bharat Scheme For Pandemic Support, Says IMF

Sensex Tumbles Over 900 Points, Nifty Breaks 14,000

Investors have resorted to profit-booking at record highs ahead of Union Budget on February 1, and the upcoming monthly derivatives expiry on Thursday also added to selling pressure, according to...

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Reliance Industries Falls After Amazon Tries To Block Future's Asset Sale

Reliance Industries: As of 2:19 pm, Reliance Industries shares were trading 1.81 per cent lower at Rs 1,902 in-line with the Sensex which was down 2 per cent

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Stove Kraft IPO Oversubscribed On Second Day Of Issue

Stove Kraft IPO was witnessing huge demand from retail investors as the portion reserved for them was subscribed 5.24 times.

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Tuesday, January 26, 2021

Indian Economy To Get Shot In The Arm From Budget: Economists

India's Union budget, due on February 1, would help a significant economic recovery in financial year 2021/22 and has already sent stocks to record highs

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Sensex Slumps Over 500 Points, Nifty Below 14,100 Led By Losses In Banks

Monthly expiry of January futures and option contracts tomorrow was also adding to the selling pressure in the markets, analysts said

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Rupee Up 8 Paise To 72.86 Against US Dollar In Early Trade

Rupee Vs Dollar: At the interbank forex market, the domestic currency opened at 72.91 against the US dollar and inched higher to 72.86 against the greenback

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Home First Finance Company IPO Subscribed 26.66 Times

Home First Finance Company's Rs 1,153.72-crore IPO consisted of a fresh issue of Rs 265 crore and an offer for sale of Rs 888.72 crore by promoters and current shareholders

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Kotak Mahindra Bank Gains Over 1% On Jump In Q3 Net Profit

India's third largest private sector lender by market capitalisation clocked a 16.1 per cent year-on-year growth in profit at Rs 1,853.5 crore for the quarter ended December 2020

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Auto Stocks Drop As Government Proposes To Levy Green Tax In Budget

According to the proposal, private vehicles older than 15 years could be taxed higher as would transport vehicles older than eight years

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L&T Gains Over 1% On Bagging Rs 1,390 Crore Contract

The scope of work for the C6 package includes construction of viaducts, one station, major river bridges, maintenance depots, and other auxiliary works

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How An Obscure Penny Stock Records 451% Gains Via Chat Forums

Blue Sphere soared as advertised on Jan. 19. By the end of the day, it was up 451%, having risen from six-tenths of a penny to over 3 cents

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Nifty Trades Below 14,200, Sensex Falls Over 300 Points; L&T Outperforms

Larsen & Toubro was outperforming on an otherwise weak markets after its profit rose 5% to Rs 2467 crore in December quarter.

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Nifty Set To Open Below 14,200 On Subdued Global Cues

MSCI world equity index, which tracks shares in 49 nations, fell 1.99 points or 0.3 per cent, to 666.09.

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Stocks To Watch: L&T, Kotak Mahindra Bank, ICICI Securities

Larsen & Toubro's net profit in the third quarter ended December 31 rose 4.9 per cent to Rs 2,466.7 crore from Rs 2,352 crore, while revenues fell 1.8 per cent to Rs 35,596.4 crore

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Petrol, Diesel Prices Hiked By 25 Paise In Delhi

In Delhi, the price of petrol was hiked by 25 paise to Rs 86.30 per litre and diesel was increased by a similar amount to Rs 76.48 per litre per litre, according to Indian Oil Corporation

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Budget 2021: India Needs Technology-Friendly Tax Policy, Says Deloitte India

Indian Railways Premium Indent Policy Launched: What You Need To Know

According to Indian Railways Premium Indent policy, the freight customer will be required to pay five per cent premium on the normal freight which will be deposited in advance

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Larsen & Toubro Bags Rs 1390 Crore Contract For Bullet Train Project

Mumbai Ahmedabad Bullet Train Project: Around 70,000 MT of steel will be used for the fabrication of these steel bridges, according to National High-Speed Rail Corporation Limited

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Budget 2021: Startups Seek Cuts In GST Rates, Suspension Of Basel Norms

Covid-Hit Global Economy Projected To Grow At 5.5% in 2021: IMF

India manufactures more than 60 per cent of all vaccines sold across the globe, and while its $40 billion pharmaceutical sector is not yet involved in the production of the expensive Pfizer Inc and...

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International Monetary Fund Projects 11.5% Growth Rate For India In 2021

Revising its figures, the International Monetary Fund said that in 2020, the Indian economy is estimated to have contracted by eight per cent

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Moderna Believes Vaccine Will Work Against New Variants

Moderna Covid-19 Vaccine: The emergence of new variants in Britain, South Africa and Brazil has created some concern that mutations in the virus may make vaccines less effective

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Budget 2021: Government Must Bridge Digital Divide, Abolish 18% GST On Education

Budget 2021: Defence Sector May Receive Higher Budgetary Allocation

US Industry Body Recommends Ideas To Biden Administration To Boost Indo-US Ties

The US and India share a common set of values, robust democratic systems, and cultures of entrepreneurship, as well as long-standing people-to-people ties that make the two countries natural partners

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Transport Ministry Proposes 'Green' Tax On Old, Polluting Vehicles

According to the proposal, private vehicles older than 15 years could be taxed higher as would transport vehicles older than eight years

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Hyundai Motor Q4 Profit Jumps 57% On Demand For SUVs, Genesis

Recent news that Hyundai was discussing an electric car and battery tie-up with Apple Inc pushed up the automake'rs shares

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Monday, January 25, 2021

Government Likely To Double Health Spending In Budget 2021: Report

Government will likely raise its health spending to Rs 1.2-1.3 lakh crore in the fiscal year starting April 1.

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Indian Economy Estimated To Grow At 7.3% In 2021: United Nations

The report said the livelihood and income impacts have been particularly harsh for about 2 billion informal workers with limited social protection, especially those self-employed in the informal...

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Budget 2021: Government Should Focus On Implementing Scrappage Policy

The Mumbai-based firm has also recommended that the government should propose a reduction in Goods and Services Tax (GST) on smaller cars to 18%

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Budget 2021: Buy Nifty Put Options Ahead Of Budget, Says HDFC Securities

Petrol, Diesel Prices Touch New Highs On Tuesday

In the national capital, the price of petrol was hiked by 35 paise toRs 86.05 per litre and diesel was increased by a similar amount to Rs 76.23, according to Indian Oil Corporation

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BSE, NSE Shut Due To Republic Day

The Republic Day commemorates the day when the Constitution of India came into effect i.e. January 26, 1950, replacing the Government of India Act (1935) and transforming the country into a newly...

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On Day 1 of Stove Kraft IPO, Issue Subscribed 98%

The offer size was reduced after the company raised Rs 185 crore from anchor investors last Friday, a day before the issue opening

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Amazon Tries To Block Future's Asset Sale To Reliance After Indian Approval

The dispute centres around Future's decision in August to sell its retail, wholesale, logistics and some other businesses to Reliance for $3.38 billion, including debt

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Amazon Tries To Block Future's Asset Sale To Reliance After Indian Approval

Rupee Goes Up For 5th Straight Session, Closes 3 Paise Higher At 72.94

At the interbank forex market, the rupee opened at 72.95 against the American currency, and hit an intraday high of 72.89 and a low of 72.96 in day trade

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How To Check Allotment Status of Indian Railway Finance Corporation IPO

IRFC IPO: The public issue of the dedicated market borrowing arm of Indian Railways comprised of a fresh issue of Rs 3,088.9 crore and an offer for sale of Rs 1,544 crore by the Government of India

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Kotak Mahindra Bank's Q3FY21 Profit Jumps 16% to Rs 1,853 Crore

Gross non-performing assets as a percentage of gross advances declined 29 bps sequentially to 2.26 per cent

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No Plans of Withdrawing Old Rs 100 Notes, Says RBI

The central bank clarified in a twitter statement that media reports on withdrawal of old series of banknotes of Rs 5, Rs 10 and Rs 100 from circulation were incorrect

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Sensex, Nifty Fall For Third Day In A Row; Reliance Falls Over 5%

Reliance Industries, HDFC, Kotak Mahindra Bank, HCL Technologies Asian Paints and IndusInd Bank were among the top drags on the Sensex

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Rs 6,000 Cr Released To States To Meet GST Compensation Deficit

The Union government had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 lakh crore in revenue

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'Corona Cess' In Budget 2021? Here's What Does HDFC Securities Has To Say

"To meet the covid vaccine related costs, the Finance Minister could introduce a "corona cess," HDFC Securities said.

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TCS Surpasses Reliance Industries To Become Country's Most Valued Company

Reliance Industries' market value touched an all-time high of Rs 14.58 lakh crore on September 16, when its stock touched a record high of Rs 2,369.35

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Sensex, Nifty Fluctuate As Rebound In Banks Offset Reliance Slide

Bank stocks were among the top boosts on the index, with shares of HDFC Bank rising 2.2 per cent to become the biggest boost to Nifty.

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Sunday, January 24, 2021

Rupee Gains 4 Paise To Clock 72.93 Against US Dollar In Early Trade

Rupee Vs Dollar: Traders said the local unit is trading in a narrow range against the US dollar ahead of the US Federal Reserve meeting this week

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Grasim Industries Jumps To Record High On Foraying Into Paints Business

Grasim Industries board has approved plan to invest Rs 5,000 crore over next three years in the paints business.

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Here Is All You Need to Know About Stove Kraft IPO

Stove Kraft's three-day shares sale via initial public offering (IPO) opened for subscription today (January 25).

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Ultratech Cement Rises 2% On Doubling In Q3 Net Profit

UltraTech Cement's net profit more than doubled to Rs 1,584.58 crore in the third quarter ended December 31, 2020 from Rs 711.17 crore in the year-ago period, UltraTech Cement said in a BSE regulatory...

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Reliance Industries Sheds Over 4% Post Q3 Results

Reliance Industries' net profit rose 13 per cent to Rs 13,101 crore in quarter ended December 2020 from Rs 11,640 crore during the corresponding period a year ago

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Tencent-Backed Start-Up Preps For World's Biggest Tech IPO Since Uber

The short video startup, backed by Tencent Holdings, is selling 365 million shares at HK$105 to HK$115 each, according to terms of the deal obtained by Bloomberg News

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Sensex, Nifty Gain; UltraTech Cement Top Gainer After Q3 Earnings

All the 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Bank index's over 1 per cent gain

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Budget 2021: Signs Of Recovery Amid Dip In Virus Cases, Vaccine Rollout

Stocks To Watch: Reliance Industries, UltraTech Cement, Tata Motors

Reliance Industries, on Friday, reported a 13 per cent rise in net profit to Rs 13,101 crore in the quarter ended December 2020 fromRs 1,640 crore in the corresponding period a year ago

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Nifty Set To Stage Gap Up Opening As Indicated By SGX Nifty

The SGX Nifty also known as the Singapore Nifty was up nearly 1 per cent or 131 points at 14,487

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Petrol, Diesel Prices Remain Steady On Monday

In the national capital,the price of petrol remained at Rs 85.70 per litre and diesel at Rs 75.88 per litre, according to Indian Oil Corporation

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Government Must Reduce Import Duty, GST On Gold To 7%, Say Experts

The gold and diamond trade together accounts for 7.5 per cent of the country's GDP and 14 percent of the country's total exports.

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Here's How To Activate Universal Account Number On EPFO Portal

If you have never checked your PF balance, follow these steps to activate your UAN via the Employees' Provident Fund Organisation (EPFO) website.

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Here's How To Change Registered Mobile Number In EPF Account

How to change regisetred number

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Madhya Pradesh Becomes First State To Get Additional Funds For Capital Projects

The Finance Ministry has allocated an additional Rs 660 crore to Madhya Pradesh for capital expenditure for undertaking three out of four citizen-centric reforms

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Real Estate Witnessed Private Equity Investments of $4,068 Million In 2020

Out of the total private equity investment in the country, the real estate sector caught an 11 per cent share amounting to $4,068 million with 21 deals closed in the country

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Real Estate Seeks Tax Rebate On Housing, GST Waiver, Infrastructure Status

Budget 2021: The government had offered Rs 25,000 crore stress asset fund for the uncompleted housing projects, increasing the differential from 10 per cent to 20 per cent under Section 43(CA) of the...

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Petrol, Diesel Prices Remain Unchanged On Sunday

Petrol, Diesel Rates Today: In the national capital, the price of petrol is at an all-time high - Rs 85.70 per litre, while diesel touched a record high in Mumbai, at Rs82.66per litre

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Saturday, January 23, 2021

8.5% Provident Fund Interest Being Credited: Here's How To Check PF Balance

Provident Fund (PF) Balance: The provident fund balance can be checked through the official EPFO's website, SMS and missed call facilities, or through the Umang mobile app

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More Investment In R&D, Health Insurance Must Be Slotted In 5% GST Tax Slab

Budget 2021:

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Budget 2021: What Is Halwa Ceremony And What Does It Signify

Budget 2021:

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European Train Control System To Be Adapted For First Time In India

ETCS signalling system will not only facilitate interoperability but will also ensure train movement at quick frequencies, thus reducing the waiting time for passengers.

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Finance Minister Launches Union Budget Mobile App: All You Need To Know

Ahead of Budget Presentation, Halwa Ceremony Held At Finance Ministry

Budget 2021: While the traditional ceremony marks the commencement of the printing process of the government's Budget document, this year's budget will be delivered in paperless form

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Ultra Tech Cement Q3 Results: Net Profit More Than Doubles To Rs 1584 Crore

Ultra Tech Cement Q3 FY21 Results: Aditya Birla group's Ultra Tech Cement on Saturday, January 23, reported over two-fold jump in consolidated net profit to Rs 1,584.58 crore in the third quarter of...

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Petrol, Diesel Rates Hit All-Time High In Delhi, Hiked For Fourth Time This Week

Petrol, Diesel Rates Today: In the national capital, the price of petrol was increased by 25 paise from Rs 85.45 per litre to Rs 85.70, while diesel touched a record high in Mumbai

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Friday, January 22, 2021

Amend Income Tax, GST Laws To Accommodate Crypto Trading, Say Experts

Budget 2021 should bring in amendments in the Income Tax and GST laws to offer more clarity to investors, traders, and crypto organizations, said Mr Sumit Gupta, CEO, and Co-Founder, CoinDCX

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Budget 2021: Adequate Crop Insurance A Must For Agriculture Sector

Budget 2021: To help farmers with long-term investment on equipment, irrigation, or infrastructure creation related to farming, rather than focusing on recurring expenditure, such as weeding,...

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RBI's Liquidity-Withdrawal Proposal May Pose Risk To Government Borrowing

The government is expected to lay out a hefty borrowing plan in a February 1 budget outline for the fiscal year from April

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Boost Aggregate Demand, Mobilise Higher Non-Tax Revenue, Says Rating Agency

Budget 2021: The major focus of the government to revive the economy amid COVID-19, has been on the supply side, but the focus should now shift to the demand side as well

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RBI Proposes Scale-Based Regulations For Shadow Banks

The proposed regulatory and compliance guidelines will bring the 25-30 large shadow banks to parity with the state-owned and other private commercial banks

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National Stock Exchange Emerges As World's Largest Derivates Exchange

NSE ranked fourth in the world in cash equities by the number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for the calendar year 2020.

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Rupee Gains Marginally To 72.97 Against Dollar, Secures Narrow Escape

Rupee Vs Dollar Today: In an early trade session, the rupee edged lower by four paise to 73.03 against the greenback, and registered an intraday high of 72.96

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Will Receive Two Million AstraZeneca Doses By Friday From India: Brazil

The announcement comes amid delays in receiving the vaccine from India, the latest in a series of miscues surrounding the country's inoculations drive

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Sensex Slumps 746 Points In Biggest Single-Day Selloff Of 2021

Nine of 11 sector gauges compiled by the National Stock Exchange ended higher led by Nifty Metal index's 4% drop

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India Will Start Commercial Vaccine Exports With Shipments to Morocco, Brazil

Serum Institute of India will also send the Covid-19 vaccine to South Africa and Saudi Arabia

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Sensex Drops Over 700 Points, Nifty Below 14,400; Metal Shares Worst Hit

Nine of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Metal index's 4 per cent drop

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Indices Keep Falling, Sensex Slips 300 Points, Nifty Auto Index Only Gainer

Losses were capped on the back of buying in auto shares a day after Bajaj Auto's quarterly profit results

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JK Tyre Industries Shares Surge 15% On Strong December Quarter Earnings

JK Tyre Industries' revenue from operations climbed 22 per cent to Rs 2,769 crore versus Rs 2,275 crore in the same quarter last year

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Thursday, January 21, 2021

Home First Finance Company IPO Fully Subscribed On Day 2

Home First Finance's Rs 1,153.71-crore IPO comprises a fresh issue of Rs 265 crore and an offer for sale of Rs 888.72 crore by promoters and existing shareholders.

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Rupee Slides 4 Paise Lower To 73.03 Against USD In Early Trade

Rupee Vs Dollar: The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.03 per cent to 90.10

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Stove Kraft IPO To Open On January 25: All You Need To Know

Stove Kraft IPO: Stove Kraft initial public offer consists of fresh issue of shares worth Rs 95 crore and an offer-for-sale (OFS)of 82.50 lakh shares by investors and promoters.

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Biocon Shares Fall After Profit Declines In December Quarter

On a standalone basis, Biocon's profit plunged 72 per cent annually to Rs 33 crore from Rs 121 crore during the same period last year.

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Petrol Price Hit All-Time High Of Rs 85.45 Per Litre In Delhi

Petrol, Diesel Prices Today: In the national capital, the price of petrol was increased by 25 paise from Rs 85.20 per litre to Rs 85.45and diesel was hiked by an equal amount from ₹75.38 per litre...

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Opinion: Templeton's India Closures Shine Unkind Light On Regulator SEBI

For years now, faith in the integrity of India's markets has hemorrhaged, with everyone from rating firms to auditors, fund managers and trustees putting their own commercial interests above - and...

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Sensex, Nifty Edge Lower; Banking, IT Shares Fall, Auto Stocks Gain

Losses were capped on the back of buying in auto shares a day after Bajaj Auto reported highest ever quarterly profit.

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Stocks To Watch: Reliance Industries, Vedanta, HDFC Life, South Indian Bank

In yesterday's session, Sensex crossed over 50,000-mark for the first time however it closed below that level owing to profit booking at record highs.

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Stocks To Watch: Reliance Industries, Vedanta, HDFC Life, South Indian Bank

SGX Nifty Indicates Weak Opening For Markets; Reliance Industries In Focus

Foreign institutional investors remained net buyers of Indian equities. They bought shares worth Rs 1,615 crore on Thursday

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Budget 2021 Should Focus On Providing Fillip To Affordable Housing

Budget 2021: Corporates and industry leaders expect bold economic reforms from the upcoming budget as Finance Minister Nirmala Sitharaman has already said her upcoming budget will be like never...

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Gold Prices Today: Yellow Metal Up Rs 575 In Delhi, Silver Rates Increase

Gold Prices Today: Domestic spot gold closed at Rs 49,659per 10 grams on Thursday, and silver at Rs 67,160 per kilogram - both rates excluding GST

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India Has Faced The Worst, Unless Another Wave of Covid-19 Strikes, Says RBI

The RBI slashed interest rates early last year to cushion the shock from the coronavirus crisis, but has left rates unchanged in recent months, cautious of rising inflation

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Reaching Near Five-Month High Mark, Rupee Gains To 72.99 Against Dollar

Rupee vs Dollar: At the interbank foreign exchange market, the domestic unit opened higher at 72.96 and registered an intraday high of 72.93

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Asian Paints Profit Jumps 62% To Rs 1,238 Crore In Q3

The Mumbai-headquartered MNC's EBITDA jumped 50.3 per cent year-on-year to Rs 1,787.9 crore

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Sensex Slips Below 50,000, Gives Up Nearly 800 Points From Day's High

The S&P BSE Sensex had surpassed the50,000 mark for the first at opening bell on the back of better-than-anticipated corporate earnings, sustained buying by foreign institutional investors

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Bajaj Auto Gains Nearly 5% On Jump In Q3 Net Profit

The Pune-based company in a stock exchange filing said that its net profit in October-December period (third quarter of current financial year) rose 23 per cent to Rs 1,556 crore as against Rs 1,262...

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Budget 2021: Ease Of Doing Business Reforms Must Continue, Says Alstom

Budget 2021: The government should consider railways as a major infrastructural sector and devise targeted recovery plans which can incentivise foreign investments

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Bajaj Auto Profit Rises 23% To Rs 1,556 Crore; Shares Hit Record High

Bajaj Auto's revenue from operations advanced 17 per cent to rs 8,910 crore compared with Rs 7,640 crore in the corresponding quarter a year ago.

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V-Guard Acquires Non-Controlling Stake In Battery Startup

The FMEG company acquired 18.77 per cent minority stake in Gegadyne Energy Labs Private Limited for Rs 33.4 crore

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1990: Sensex Crosses 1,000 Points. Now It's Over 50,000. See The Journey

The Sensex's journey to record high has not been a one-way street - the BSE benchmark has seen scams by Harshad Mehta, Ketan Parekh and Satyam scam and at the same time, been a witness to India's...

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1990: Sensex Crosses 1,000 Points. Now It's Over 50,000. See The Journey

Wednesday, January 20, 2021

Rupee Gains 7 Paise To Trade Near Five-Month High of 72.98 vs Dollar

Rupee vs Dollar: The domestic currency is likely to strengthen 1.3 per cent and average 73.5 against the US dollar in the financial year 2022-23

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Future Group Stocks Rise As Exchanges Clear Deal With Reliance

The deal had soured ties with Future's business partner Amazon.com Inc, which alleged the transaction breached agreements with Future made in 2019

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Havells Surges Over 10%, Hits Record High After Profit Rises 75% In Q3

Havells revenue from operations rose 39 per cent to Rs 3,165.85 crore from Rs 2,269.87 crore.

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Home First Finance IPO Opens Today

Home First Finance's initial public offering is the third IPO in 2021 after the public offers by Indian Railway Finance Corporation (IRFC) and Indigo Paints

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RBI's Desire To Hoard Dollars Tests Playbook For Strong Rupee

Analysts had forecast for the rupee to rise for the first time in four years on hopes the RBI may slow its foreign-currency accumulation after the stockpile rose to a record.

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Reliance Industries Rises Nearly 2% On Nod For Reliance-Future Group Deal

SEBI on late Wednesday night granted approval to Reliance Industries' Rs 24,713-crore deal to buy Future Group's retail assets, in a blow to Amazon's efforts to block the agreement

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SEBI Approves Reliance- Future Group's Rs 24,000 Crore Retail Deal

In August 2020, Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, had announced that it was acquiring the retail and wholesale business, logistics and warehousing business...

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Sensex Hits 50,000 For First Time, Nifty Above 14,700, Led By Reliance

Reliance Industries rose after the market regulator SEBI approved Reliance Industries' Rs 24,713-crore deal to buy Future Group's retail assets

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Markets Set Top Open Higher; Reliance Industries, Future Retail In Focus

The Singapore Nifty futures also known as the SGX Nifty rose 0.4 per cent or 58 points to 14,702.

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Petrol, Diesel Prices Remain Steady Across Metros On Thursday

In Delhi, the price of petrol was unchanged at Rs 85.20 per litre and diesel was steady at Rs 75.38 per litre, according to Indian Oil Corporation

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Stocks To Watch: Reliance Industries, Bajaj Finance, UltraTech Cement

SEBI on Wednesday night granted approval to Reliance Industries' Rs 24,713-crore deal to buy Future Group's retail assets, in a blow to Amazon's efforts to block the agreement

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Bajaj Finance's Q3 Profit Declines 29% Year-on-Year

The company incurred a one-time write-off of principal outstanding of Rs 1,970 crore and interest outstanding of Rs 365 crore

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Rupee Rises For 2nd Straight Day; Closing 12 Paise Higher At $73.05

At the interbank forex market, the rupee opened at 73.11, and hit an intraday high of 73.05 and a low of 73.14

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Q3 Earnings: Reliance Industries Ltd Income Will Grow On Petrochemicals

RIL had invested around Rs 1 lakh crore in expanding its petrochemicals growth through 2018

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Sensex Ends At Record Highs, Up Nearly 400 Points; Nifty Crosses 14,600

Strong corporate earnings by tech heavyweights such as TCS, Infosys, Wipro, HCL Technologies and HDFC Bank are fuelling the bullishness on Dalal Street, analysts said

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Indian Railway Finance Corporation IPO Closes Today; Subscribed 2.4 Times

The retail investors' portion was subscribed 3.14 times, non-institutional investors portion was subscribed 93 per cent and qualified institutional buyers segment attracted bids worth 2.34 times, as...

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Alibaba's Shares Surge As Jack Ma Reappears

Ma -- one of Asia's richest people with a fortune estimated at around $58 billion -- disappeared from the public eye after he was hauled in front of regulators for an October speech critical of...

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Sensex Rises Over 250 Points, Nifty Reclaims 14,600 Led By IT, Auto Stocks

Better than expected corporate earnings in December quarter and hopes of bold economic reforms in the upcoming Budget is bolstering the investors' sentiment

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Tuesday, January 19, 2021

Government Asks Facebook's WhatsApp To Withdraw Privacy Policy Update

The demand creates a new headache for WhatsApp and its US parent Facebook, which have placed big bets on India to expand their payments and other businesses

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A Surge in Bad Debt Is Set to Worsen India's Shadow Bank Crisis

Non-performing assets already swelled in the most recent data to the highest in at least five years, at 6.3% as of March 2020

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Rupee Goes Up 7 Paise To 73.10 Against US Dollar In Early Trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.14 per cent to 90.37

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Jack Ma Appears For First Time In Three Months; Alibaba's Shares Soar 6%

Mr Ma had not appeared in public since October 24, where he blasted China's regulatory system in a speech at a Shanghai forum that set him on a collision course with officials

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Here's All To Know About The Union Budget To Be Presented On February 1

Budget 2021-22 will be the first Budget of NDA government in the midst of the ongoing Covid19 pandemic and first paperless Budget in the history of independent India

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L&T Infotech Gains After Profit Rises 37% In December Quarter

L&T Infotech's revenue in dollar terms rose 5.8 per cent sequentially to $427.8 million, the company said in a press release.

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Sensex Up Over 150 Points, Nifty Above 14,550; Metal, IT Shares Outperform

Buying was visible across sectors as sixteen of 19 sector gauges compiled by the BSE were trading higher

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Home First Finance IPO To Open For Bidding On January 21

The Rs 1,153.71-crore IPO comprises of a fresh issue of Rs 265 crore and an offer for sale of Rs 888.72 crore by promoters and existing shareholders, including True North Fund V LLP, Aether...

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Budget 2021 Must Fix Broken Labour Market To Boost Demand: Analysts

Finance Minister Nirmala Sitharaman has described her upcoming budget as unlike anything seen in the last 100 years.

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Indigo Paints IPO Opens Today

Indigo Paints IPO consists of a fresh issue of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital and Hemant Jalan

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Markets Set To Open Lower; Bajaj Finance, Finserv In Focus

Global equity benchmarks jumped and safe-haven currencies such as the U.S. dollar dipped on Tuesday

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Stocks To Watch In Trade: L&T Infotech, Bajaj Finance, Ceat

Larsen & Toubro Infotech reported a 37.85 per cent jump in net profit to Rs 519.3 crore for the December quarter, mainly driven by a surge in revenue and margin expansion

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Petrol Prices Unchanged Across Metros On Wednesday

In the national capital, the price of petrol was unchanged at Rs 85.20 per litre and diesel was steady at Rs 75.38 per litre, according to Indian Oil Corporation

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IRFC IPO Fully Subscribed On Day 2 On Robust Retail Demand

The price band for the issue, which will close on January 20, has been fixed at Rs 25-26 per share

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Government Should Bring Down Its Stake In Public Sector Banks: CII

CII has also called for transformation of old public sector banks (OPSBs) wherein government should facilitate the takeover of old public sector banks

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Budget 2021: Input Tax Credit Must Be Reintroduced For Food Services Sector

Budget 2021: The government must re-introduce the input tax credit for food sales so that it helps in streamlining the entire agriculture commodities supply chain

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Government Plans Foreign Investment Rule Changes That Could Hit Amazon

Amazon and Walmart's Flipkart were last hit in December 2018 by investment rule changes that barred foreign e-commerce players from offering products from sellers in which they have an equity stake.

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Budget 2021: Levy Uniform Interest Rate For Non-Deposit Of TCS

Section 201 of the Income Tax Act states that a deductor shall be liable to pay interest at the rate of 1 per cent per month/part of the month in case there is a failure to deduct tax

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Rupee Settles Higher To 73.17 Against Dollar Amid Market Gains

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 73.16 and registered an intra-day high of 73.14

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Sensex Surges Over 800 Points, Posts Best Single-Day Gain In Four Months

The Sensex clocked its best single-day gain since September 25, 2020 on the back of a broad-based buying interest

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Bajaj Finance, Bajaj Finserv To Release Q3 Results Tomorrow

Bajaj Finserv reported an 18.06 per cent decline in consolidated net profit at Rs 986.29 crore for the quarter ended September 2020

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Bajaj Finance, Bajaj Finserv To Release Q3 Results Tomorrow

Bajaj Finserv reported an 18.06 per cent decline in consolidated net profit at Rs 986.29 crore for the quarter ended September 2020

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Monday, January 18, 2021

Sensex Surges Over 600 Points, Nifty Firm Above 14,450

All the 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Realty index's over 4 per cent gain

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Budget 2021: Tax Deducted In Foreign Country Should Be Treated As Income

The computation of income is often disputed if taxes have been withheld outside India and corresponding income is offered for taxation in India, as Section 198 does not specifically mention taxes...

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Budget Should Focus On Demand Revival For Real Estate: Motilal Oswal

Motilal Oswal Real Estate has recommended that in order to focus on revival of demand for the real estate sector, government should increase eligibility limits on home values for affordable housing...

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Coding Whiz Kid Behind PUBG Plans IPO That Could Be South Korea's Biggest

Bluehole Inc., as Krafton was known as, released PlayerUnknowns Battlegrounds, or PUBG, in 2017

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Indiabulls Real Estate Surges After Profit Jumps 64% In December Quarter

Indiabulls Real Estate's revenue from operations however fell 41 per cent to Rs 721.67 crore from Rs 1,232 crore during December quarter of last year.

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Indigo Paints IPO Opens Tomorrow: Key Things To Know

The IPO comprises fresh issuance of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital and promoter Hemant Jalan

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Maruti Suzuki Rises Nearly 1% On Hike In Car Prices

Maruti Suzuki, the country's largest carmaker said on Monday that it has increased the prices of select models by up to Rs 34,000 due to rising input costs.

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Mindtree Gains Nearly 4% On Jump In Q3 Net Profit

The information technology company posted a 65.7 per cent year-on-year rise in net profit to Rs 326.5 crore for the third quarter ended December on the back of improvement in operational efficiencies

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Sensex Surges Over 400 Points, Nifty Reclaims 14,400 Led By Reliance

Reliance Industries, HDFC, Infosys, ICICI Bank, Tata Consultancy Services and Bajaj Finance were top movers in the Sensex

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Gautam Adani Sells Stakes To Overseas Partner In Mukesh Ambani-Style Deal

Paris-based Total will acquire 20% of Adani Green Energy Ltd. and a board seat as well as a 50% stake in a portfolio of operating solar assets with 2.35 gigawatts capacity

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Fuel Prices Rise Due To Low Production: Dharmendra Pradhan

Dharmendra Pradhan, Minister for Petroleum and Natural Gas, said on Monday that fuel prices have gone up because of lower production in oil-producing countries on account of coronavirus pandemic

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Nifty Set To Stage A Gap Up Opening; Apollo Hospitals, Maruti Suzuki In Focus

Singapore Nifty futures also knows as the SGX Nifty rose 108 points or 0.76 per cent to 14,384

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Stocks To Watch: Mindtree, Maruti Suzuki, GAIL

Mindtree, the information technology conmpany owned by Larsen & Toubro (L&T), posted a 65.7 per cent year-on-year rise in net profit to Rs 326.5 crore for the third quarter ended December 2020

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Petrol Prices Cross Rs 85 Mark In Delhi, Diesel Above Rs 75

In Delhi, the price of petrol was increased by 25 paise to Rs 85.20 per litre and diesel was hiked by an equal amount to Rs 75.38 per litre, according to Indian Oil Corporation

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Reforms Required To Boost Commercial Real Estate Investments

Budget 2021-22: The Union budget should allocate more funds towards IT infra spends involving digitization of land records in urban areas

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Budget Seen Raising Import Duties By 5-10% On Dozens Of Items: Report

Finance Minister will unveil the budget amid the shadow of a projected economic contraction of 7.7 per cent for the current fiscal year.

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On First Day of IPO, IRFC Issue Subscribed 51%

Retail investors remained strong in both the primary and secondary markets

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Jindal Steel In Talks To Get COVID-19 Vaccines For Employees

Another steel producer, Tata Steel Ltd said the company would vaccinate its employees as per the government guidelines when vaccines were made available.

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Tata Motors Ties Up With Banks, NBFCs To Assist Commercial Customers

Tata Motors has tied up with HDFC Bank, ICICI Bank, Yes Bank, Equitas Small Finance Bank, AU Small Finance Bank and the newly-merged entities of public sectors Union Bank and Punjab National Bank

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Yes Bank Board To Consider Fundraising On January 22; Stock EndsFlat

The funds may be raised through financial instruments such as equity shares, depository receipts, convertible bonds, debentures and warrants, Yes Bank said

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Sensex, Nifty Fall For Second Straight Session; Metal, Auto Shares Worst Hit

All the 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Metal index's over 4.5 per cent fall.

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Three UK Partners Pairs Up With TCS To Accelerate 5G Network Rollout

It selected TCS as its partner to manage the configuration of a new core next generation mobile network, and ensure it integrates correctly with the 5G radio access network

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French Oil and Energy Group Total Buys 20% Stake in Adani Green Energy

AGEL is targeting having 25 GW of renewable power generation by 2025, and Total said AGEL would form a key part of Total's overall plans for 35 GW of gross production capacity from renewable sources...

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Sunday, January 17, 2021

Rupee Dips 15 Paise to 73.22 Against US Dollar In Early Trade

At the interbank forex market, the domestic currency opened at 73.21 against the US dollar, then fell further to 73.22

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Billionaire Ajay Piramal's Conglomerate Wins Bid For Shadow Lender DHFC

A resolution plan for Dewan from Piramal Enterprises' own shadow bank, Piramal Capital & Housing Finance was approved by Dewan's committee of creditors in a vote on Friday

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Dewan Housing Finance Surges 5% As Piramal Group Wins Acquisition Bid

Once one of the country's top non-banking finance company, DHFL, accumulated total debts of almost Rs 1 lakh crore before defaulting on payments to its creditors

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HDFC Bank Rises Over 2% Due To Jump In Q3 Net Profit

HDFC Bank, the country's largest private sector lender, reported a 14.36 per cent jump in consolidated net profit to Rs 8,760 crore for the December quarter

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Billionaire-Backed Cricket Game Startup Kicks off India's Tech IPO Rush

The Mumbai-headquartered startup filed initial public offering documents with market regulator on Friday.

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China's Economy Grew 2.3% In 2020, Rebounding To Pre-Pandemic Territory

Gross domestic product climbed 6.5 per cent in the final quarter from a year earlier, fueled by stronger-than-expected industrial output, the statistics bureau said Monday

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Indian Railway Finance Corporation IPO Opens Today

The IPO consists of sale of up to 178.20 crore shares, including a fresh issue of up to 118.80 crore and offer-for-sale of up to 59.40 crore shares by the government

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Sensex, Nifty Edge Lower; Metal, Auto, IT Shares Face Selling Pressure

Buying in index heavyweight HDFC Bank, after it reported better than expected December quarter earnings, limited the downside for the benchmarks

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Sensex, Nifty Set To Open Lower; HDFC Bank In Focus

Most of the Asian markets were also trading lower with Japan's Nikkei down 0.8%, Taiwan Weighted fell 0.5% and South Korea's KOSPI was down nearly 1%

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Stocks To Watch In Trade: HDFC Bank, Dr Reddy's Lab, Wipro

HDFC Bank, on Saturday, reported a 18.1 rise in net profit to Rs 8,758.3 crore in the October-December quarter; total income increased to Rs 37,522 crore compared to Rs 36,039 crore in the year-ago...

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Petrol Prices Touch New High Of Rs 84.95 Per Litre In Delhi

In Delhi, the price of petrol was increased by 25 paise from Rs 84.70 per litre to Rs 84.95 per litre and diesel was hiked from Rs 74.88 per litre to Rs 75.13 per litre, according to Indian Oil...

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Indigo Paints IPO To Open On January 20

Indigo Paints' IPO comprises fresh issuance of stocks worth Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital and promoter Hemant Jalan

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Indian Railway Finance Corporation IPO Opens Tomorrow: Key Things To Know

Indian Railway Finance Corporation's initial public offering will comprise a fresh issue of 1,18,80,46,000 equity shares and an offer for sale of 59,40,23,000 equity shares by the government

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Budget 2021: Rationalise GST On Food Delivery To 5%, Says Industry Body

Customers taking food delivery at their home or office are paying 13 per cent higher price compared to customers who walk down to restaurants as dine-in tax rate is 5 per cent

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Saturday, January 16, 2021

After Dizzying Gyrations, What's Bitcoin Actually Worth?

When it started life in 2009 as open-source software, bitcoin was essentially worth zero -- though within a year it had reached the heady heights of eight cents

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Petrol, Diesel Prices Remain Unchanged On Sunday

In the national capital,the price of petrol was at Rs 84.70 per litre and diesel was steady at Rs 74.88 per litre, according to Indian Oil Corporation

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Adani, Oberoi, Eight Others Qualify To Bid For CSMT Station Redevelopment

Indian Railway Stations Development Corporation Ltd. (IRSDC) invited Request for Qualification (RFQ) for redevelopment of Chhatrapati Shivaji Maharaj Terminus Railway Station(CSMT), Mumbai on PPPon...

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All You Need To Know About New Delhi Railway Station Redevelopment Project

According to Rail Land Development Authority, the New Delhi station redevelopment project is expected to incur a capital expenditure of around $ 680 million.

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A Recap Of Key Railway Announcements Since Merger With Union Budget

Railway Budget 2021: Indian Railways authorities are seeking an investment of Rs 30,000 crore for operating private trains across the national rail network

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Exports Grew 0.14% In December, Trade Deficit Widened To $15.44 Billion

Exports entered the positive zone in December 2020 after a gap of two months, with the trade deficit widening to $15.44 billion and imports surging to 7.56 per cent driven by inbound shipments of gold

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HDFC Bank Q3 Results: Net Profit Jumps 18% To Rs 8,758.3 Crore

HDFC Bank Q3 Results: The country's largest private lender, reported a net profit of Rs 8758.3 crore on January 16, marking an 18.1 rise in the October-December quarter

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RBI Likely To Propose Tougher Regulatory Norms For Shadow Banks: Report

Reserve Bank of India is expected to set out its proposals in a discussion paper next week and recommend that bigger non-banking finance companies, or shadow banks, maintain a statutory liquidity...

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Petrol, Diesel Rates Remain Unchanged On Saturday

Petrol, Diesel Price Today: In the national capital, the price of petrol was steady at Rs 84.70 per litre and diesel was at Rs 74.88 per litre, according to Indian Oil Corporation

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China's Tencent Acquires Audiobook Platform Lazy Audio For $417 Million

The acquisition comes at a time when the music streaming site is looking to bolster its content library in order to put it behind a paywall and add more paid users

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Dating App Bumble Makes IPO Filing Public, Reveals Steady Revenue Growth

Bumble Inc's plans to go public come at a time when companies are seeking to capitalize on what has been the strongest IPO market in two decades.

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Friday, January 15, 2021

Budget 2021: Tax Deduction On Dividend Paid By Any Mode Other Than Cash

Budget 2021: According to online tax consultancy Taxmann, the relaxation from the deduction of tax is available if the dividend is not paid by cash

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NCDEX To Relaunch Steel Futures Contract On January 18

At the start, contracts will be available for the months expiring in February 2021, March 2021 and April 2021

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Gold Prices Today: Yellow Metal Drops Below Rs 49,000 After Mid Session Gain

Gold Prices Today: Domestic spot gold closed at Rs 49,327 per 10 grams on Friday, and silver at Rs 65,420 per kilogram - both rates excluding GST

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New Delhi Station Redevelopment To Attract Private Players, Foreign Investors

New Delhi Railway Station Redevelopment: The pre-bid meeting for the project was organized in which major private players participated such as Adani, GMR, JKB Infra, Anchorage, etc

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Man Industries (India) Ltd Board To Declare Quarterly Results On Thursday

Man Industries (India) Ltd is a leading manufacturer and exporter of large diameter carbon steel line pipes

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Budget 2021: Section 47 Of I-T Act Must Be Amended With Respect To SGBs

Budget 2021: Taxmann said in its pre-budget recommendations to the government that section 47 should be amended to remove the reference of any particular year from the sovereign gold bond scheme

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IRFC IPO: India's First PSU NBFC Issue Opens Monday

At the upper end of the price band, IRFC hopes to raise Rs 4,633 crore, and at the lower end, Rs 4,455 crore

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Subscription Window For Tenth Tranche Of Gold Bonds Ends Today

Sovereign Gold Bond Scheme: A discount of Rs 50 per gram is available for online subscribers, aimed at promoting digital payments.

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Budget 2021: Cap On Emoluments Must Be Raised To Rs 50,000 Under 80JJAA

Budget 2021: Section 80JJAA, provides for deduction of 30 per cent on emoluments paid to new employees, which can be claimed for three years. This is available upto an emolument of Rs25,000 per month.

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Rupee Slips To 73.07 Against Dollar Snapping Winning Streak

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 73.07 and witnessed an intra-day high of 72.99

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Google Shores Up Fitbit Deal Amid Antitrust Concerns

Fitbit's 29 million users privacy will continue to be protected as per Google's agreement with international regulators

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Sensex Dives Over 500 Points, Nifty Gives Up 14,500; IT Stocks End Weak

Asian markets had a mixed day; the Kospi, Nikkei, SET and Jakarta lost up to 2 per cent each, while the Hang Seng, Straits Times and Shanghai indices traded in the green

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Budget 2021: Interest Subvention Scheme For MSMEs Must Be Extended

Budget 2021: Indian Chamber of Commerce suggests that the interest subvention scheme for MSMEs must be extended with enhanced coverage of three-four per cent to the extent of Rs 300 lakh

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Sensex Plummets Over 500 Points, IT Stocks Remain Under Pressure

Asian markets were trading mixed; the Kospi, Nikkei, SET and Jakarta lost up to 2 per cent each, while the Hang Seng, Straits Times and Shanghai indices were trading in the green

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Rupee Slips 3 Paise To 73.07 Against US Dollar In Early Trade

Rupee Vs Dollar: The rupee opened on a flat note against the US dollar in opening trade on Friday tracking the muted opening in domestic equities

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Thursday, January 14, 2021

HCL Tech's Q3 Profit Grows Nearly 27% to Rs 3,982 Crore

HCL Tech Q3 Earnings: Following the easing of Covid-19 unlock, the IT major in October last year had issued guidance of 1.5-2.5 per cent revenue growth in constant currency for Q3 FY21 and Q4 FY21

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Sensex Sheds Over 200 Points; Information Technology Stocks Weak

Wall Street closed lower on Thursday as reports emerged about U.S. President-elect Joe Biden's pandemic aid proposal following earlier data that showed a weakening labor market

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China Tech Giant Xiaomi Dives 11% After Being Blacklisted By USA

The move is the latest salvo by the White House against Beijing as Donald Trump's presidency comes to an end, and follows similar actions against other tech firms including Huawei and chip giant SMIC

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Petrol, Diesel Prices Remain Unchanged in Delhi

In the national capital,the price of petrol was steady at Rs 84.70 per litre and diesel was at Rs 74.88 per litre, according to Indian Oil Corporation

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Sensex, Nifty Likely To Open Lower

Tata Group To Invest In Electronics, Healthcare Sectors Post COVID-19

Tata, whose operations span hotels, steel, airlines, electronic goods, and technology services, will also place big bets on electric vehicles, renewable energy, and battery storage

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Gold Price Today: Yellow Metal Trades Below Rs 49,000, Silver Rates Plunge

Gold Prices Today: Domestic spot gold closed at Rs 49,011per 10 grams on Thursday, and silver at Rs 64,804per kilogram - both rates excluding GST

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How Is The Budget Prepared? Here's What You Need To Know

Budget 2021: The President of India's recommendation is required to be obtained for the formal introduction and consideration of Budget in the Lok Sabha

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Serum Institute Awaits WHO Emergency Approval For AstraZeneca Shot Soon

The World Health Organization (WHO) listed Pfizer and BioNTech's Covid-19 shot for emergency use on December 31 as it sought to accelerate vaccination in the developing world, which is badly lagging...

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Google Deletes Some Lending Apps In India To Safeguard Consumers

A recent investigation by Reuters found at least 10 lending apps on Play Store breached Google's rules on loan repayment lengths aimed at protecting vulnerable borrowers

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Here's All You Need To Know About Key Components Of Budget

Budget 2021: The budget also comprises a set of documents such as finance bill, annual financial statement, the demand for grants as well as the macroeconomic framework

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Budget 2021: Trade Infrastructure for Export Scheme Should Be Extended

Budget 2021: The government introduced the Trade Infrastructure for Export Scheme in the year 2017 with an outlay of Rs 600 crore for a period of three years which now stands over

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Budget 2021: Share In Merchandise Exports Must Be Raised From 1.67% To 5%

Budget 2021 could bring in setting up a task force, in the Department of Commerce, in order to identify and strategize the country's participation in such global value chain opportunities in...

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Rupee Continues Winning Streak, Gains To 73.04 Against Dollar

Rupee Vs Dollar: At the interbank foreign exchange market, the domestic unit opened at 73.18 and registered an intra-day high of 72.97

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Automobile Sales Rise 13.59% In December 2020: SIAM

In December 2020, the total domestic sales of two-wheelers clocked 11,27,917 units, which is 7.42 per cent higher than 10,50,038 units sold in the year-ago period

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Sensex Ends Above 49,550, Nifty Nears 14,600

Meanwhile, the wholesale price-based inflation slowed to 1.22 per cent in December due to lowering of food prices, according to government data released on Thursday

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Wholesale Inflation Eases To 1.22% In December Amid Fall In Food Prices

Wholesale Inflation in December 2020: The rate of inflation based on the WPI food index decreased from 4.27 per cent in November to 0.92 per cent in December 2020

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December Wholesale Inflation Drops To 1.22%

Retail inflation also dropped sharply to 4.59 per cent in December on the back of declining food prices

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Rupee Falls 3 Paise To 73.18 Against US Dollar In Early Trade

Rupee Vs Dollar Today: Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 1,879.06 crore on a net basis on Wednesday

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Wednesday, January 13, 2021

Sensex Rebounds Around 400 Points From Day's Lows, Nifty Hovers At 14,550

The broader markets were also moving in tandem, with the BSE Midcap index gaining 0.2 per cent at 19,128.28 and BSE Midcap index adding 0.16 per cent at 18,881.46

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Information Technology Stocks Witness Selling Post Infosys Q3 Numbers

Infosys reported a 16.6 per cent rise in the October-December quarter profit and raised its annual revenue growth forecast, in results announcement post market hours on Wednesday.

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India's Medium-Term Growth To Slow To About 6.5% After Rebound: Fitch

Fitch said India's coronavirus-induced recession has been among the most severe in the world, amid a stringent lockdown and limited direct fiscal support

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Government To Sell 10% Stake In SAIL, Stock Falls 8%

The government has decided to sell up to 20.65 crore shares or 5 per cent of total equity of Steel Authority of India through an offer for sale (OFS), the company said in a regulatory filing

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Sensex Declines Around 100 Points, Infosys Falls 3% Post December Results

Alibaba's $8-Billion Bond Deal Goes Quiet With Jack Ma Out of Sight

The potential sale of as much as $8 billion in offshore debt was planned for as early as this week; however, a marketing memorandum hasn't yet been received by prospective investors, according to...

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Stocks To Watch: Infosys, Wipro, SAIL

Infosys reported better-than-expected earnings performance in the third quarter, with profit increasing 16.6 per cent to Rs 5,197 crore and revenues rising 12 per cent to Rs 25,927 crore.

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Petrol Prices Touch New High Of Rs 84.70 in Delhi, Diesel At Rs 74.88

In the national capital,the price of petrol were increased by 25 paise to Rs 84.70 per litre and diesel was hiked by a similar amount to Rs 74.88 per litre, according to Indian Oil Corporation

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Sensex, Nifty Likely To Have Cautious Opening

Asian equities made early trading gains on Thursday after a mixed session at Wall Street buoyed by expectations of a U.S.stimulus package even as political events in Washington culminated in...

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Infosys Reports 16.6% Rise In December Quarter, Raises Revenue Guidance

Infosys Q3 Results: The country's second-largest software company reported a 16.6 per cent rise in net profit to ₹ 5,197 crore in the quarter ended December 2020

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How To Make India's Financial Sector Future Ready" CII

Based on recent Reserve Bank of India (RBI) data on outstanding SRs, industry estimates the net recovery to be at only around 10-12 per cent

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Gold Price Today: Yellow Metal Down Rs 108 In Delhi, Silver Rates Increase

Gold Prices Today: Domestic spot gold closed at Rs 49,479 per 10 grams on Wednesday, and silver at Rs 65,445 per kilogram, according to India Bullion and Jewellers Association

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RBI Forms Working Group On Digital Lending

Digital transactions have systemic implications that prompted RBI to form a working group to study all aspects of digital lending activities

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Budget 2021: Lower Stamp Duty, Easing Income Tax Norms Needed For Real Estate

Budget 2021: Presently, the government offers interest subvention of one per cent for low-cost housing loans up to Rs 15 lakh, provided the housing cost does not exceed Rs 25 lakh

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Rupee Gains 10 Paise To Settle Higher At 73.15 Against Dollar

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 73.16 and registered an intra-day high of 73.10, rising against the dollar for the second day

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IRFC IPO: First IPO Of 2021 To Open On January 18: Key Things To Know

Indian Railways Finance Corporation (IRFC) IPO: The Rs 4,634-crore IRFC initial public offer is scheduled to open on January 18, becoming the first public issue of the year 2021

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Wipro Q3 Results: Software Services Majors Profit Rises 20.4%

Wipro Q3 Earnings: Dollar revenue growth was the highest in 36 quarters

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Infosys Q3 Results: Net Profit Jumps 16.6% In December Quarter, Revenue Up 12.3%

Infosys Q3 Results: The company's consolidated net profit climbed to Rs 5,197 crore from Rs 4,457 crore a year earlier

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Sensex, Nifty End Flat Amid Volatility; Infosys Gains 1%

The BSE Sensex gyrated 722 points between an intra-day high of 49,795.19and a low of 49,073.85 before ending the session at 49,492.32, down 24.79 points

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Rate of TDS On Coworking Spaces, GST Charged To Clients Must Be Reduced

Budget 2021: The rate of TDS needs to be reduced as the industry is it will eventually provide real estate solutions to clients at economical rates, saidMr. Manas Mehrotra, Founder, 315Work Avenue, a...

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Bharti Airtel Jump 6% After Downstream Subsidiaries Secure 100% FDI Nod

The markets also are expecting Q3 results from big tech companies Infosys Ltd and Wipro Ltd later in the day

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Tuesday, January 12, 2021

Markets Turn Flat In Noon Trading; Sensex Hovers At 49,500

The benchmark BSE Sensex and NSE Nifty indices slipped into negative territory in noon trading due to weakness in information technology stocks ahead of Infosys quarterly numbers

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Pharma Firm, India's Best-Performing Stock, Sees Wave of Optimistic Calls

In just about two weeks, at least four brokerages have raised their price targets on the shares of Divi's Laboratories -- one of the top producers of active pharmaceutical ingredients

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Tata Motors Hits Fresh 52-Week Highs On Jump In Global Wholesales

Tata Motors on Tuesday reported a 1 per cent rise in global wholesales, including Jaguar Land Rover, at 2 78,915 units in the third quarter of the financial year 2020-21

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Sensex, Nifty Open Higher, Information technology stocks in the limelight

Bharti Airtel, Tata Motors, ONGC and Tata Steel topped the gainer's charts on the BSE, adding 2.1-4.3 per cent each in early trading

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Stocks To Watch: Infosys, Wipro, Tata Motors

Infosys had reported a 20.5 per cent rise in net profit to Rs 4,845 crore in the September quarter and raised its annual revenue growth forecast

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Petrol, Diesel Prices Hiked By Up To 25 Paise Across Metros

In the national capital,the price of petrol were increased by 25 paise to Rs 84.45 per litre and diesel was hiked to Rs 74.63 per litre, according to Indian Oil Corporation

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Sensex, Nifty Likely To Open Firm

Asian stocks opened mostly higher on Wednesday, tracking modest Wall Street gains as prospects of an eventual victory against coronavirus shored up recovery hopes

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Budget Should Revive Demand Cycle, Increase Infrastructure Investment

Budget 2021: CII says there is no option but for the Union government but to aggressively intervene immediately and invest heavily to lift the economy

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Contraction In Industrial Production For November Not Surprising: Analysts

Index of Industrial Production, November 2020: The country's output of eight core sectors - also known as infrastructural output, contracted by 2.6 per cent in the month

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Industrial Production Contracts 1.9% In November 2020

According to the Index of Industrial Production (IIP) data, manufacturing sector output shrank by 1.7 per cent in November 2020

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Retail Inflation Declines to 4.59% In December

Retail inflation declines to 4.59% in December from 6.93% in November

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Rupee Gains 15 Paise to Settle Higher At 73.25 Against Dollar

Rupee Vs Dollar: In opening trade, the domestic unit depreciated four paise to 73.44 against the greenback tracking muted domestic equities

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Sensex, Nifty Extend Record-Breaking Streak Paced By Gains In PSU Banks

Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty PSU Bank index's over 5 per cent gain

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Allocation For MGNREGS To Be Maintained At Rs 1 Lakh Crore, Says CII

Budget 2021: In October 2020 amid the COVID-19 pandemic, the demand was 88 per cent higher than in October 2019, and there was an unmet demand of around 8 million households

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Government Must Raise Investment In Healthcare Sector To 2.5-3% Of GDP

Budget 2021: According to the industry body, Confederation of Indian Industry (CII), the government must increase its investment in health significantly, to at least 2.5-3 per centof GDP by the year...

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Budget 2021 Should Focus Primarily On Growth, Says Industry Body CII

The government should focus on the quality of fiscal spending, invest in productive areas and target projects that can be implemented quickly and yield positive returns, the industry body emphasized

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Sensex Recovers Over 300 Points, Nifty Tops 14,500 For First Time

Eight of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Realty index's 3.5 per cent gain

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Monday, January 11, 2021

Budget 2021: CII Calls For Creating Multiple Bad Banks To Buy Bad Loans

Banks may see bad loans double despite signs of an improvement in the economic impact of the COVID-19 pandemic, a report from RBI said.

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Is Bitcoin "The Mother-Of-All-Bubbles"? What Investors Say

Last week, for example, Bitcoin managed to trade 179 per cent above its average price over the past 200 days, three times as high as the Nasdaq 100 ever got during the heyday of the dot-com bubble.

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Tax Deductions Not Expected In Upcoming Budget, Says Taxmann

The government in last year's Union Budget announced a new and simplified personal tax regime consisting of revised income tax slabs and tax rates

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GAIL India Soars Over 5% On Share Buyback Plans

The board will meet on January 15 to consider share buyback as also payment of interim dividend for the fiscal year ending March 2021, Gail India said in a regulatory filing to the stock exchanges

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Tata Motors Gains Over 4% On Recovery In Jaguar Land Rover Sales

Jaguar Land Rover's retail sales for the quarter ended December 31, 2020 stood at 128,469 vehicles, 13.1 per cent higher than 113,569 vehicles sold in the preceding quarter, Tata Motors said in a...

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Sensex, Nifty Decline; Banks Fall On RBI's Rising Bad Loans Warning

The Sensex fell as much as 187 points to hit an intraday low of 49,082.04 and Nifty declined as much as 52 points to hit low of 14,484.75.

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RBI Warns Bad Loans, Soaring Markets Threaten Financial Stability

The non-performing asset ratio is forecast to rise to 13.5% by the end of September from 7.5% a year ago, the Reserve Bank of India said

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Gross NPAs May Shoot Up To 14.8% By September, Says RBI

"Macro stress tests incorporating the first advance estimates of gross domestic product (GDP) for 2020-21 indicate that the GNPA ratio of all SCBs may increase to 13.5 per cent by September 2021 under...

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Bad Loans May Rise Significantly, Says RBI's Financial Stability Report

The gross Non-Performing Assets of banks may increase from 7.5 per cent in September 2020 to 14.8 per cent under a severe stress scenario

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BSNL, MTNL Post Operating Profit Within A Year of Revival Package

While for BSNL, EBITDA rose from minus Rs. 3,596 crore for the half-year ended in September 2019 to positive Rs. 602 crore, for MTNL the corresponding figures were minus Rs. 549 crore in September...

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Sensex, Nifty Set To Open Lower; Tata Motors, GAIL India In Focus

Investors kept an eye on the continued spread of the coronavirus globally as cases surpassed 90 million on Monday, according to a Reuters tally.

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Stocks To Watch: Tata Motors, Dr Reddy's Laboratories, GAIL India

Jaguar Land Rover's retail sales for December quarter stood at 128,469 vehicles, 13.1 per cent higher than the preceding quarter, but down 9.0 per cent compared to same period last year

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No Change In Petrol, Diesel Prices On Tuesday

In Delhi, the price of petrol remained unchanged at Rs 84.20 per litre and diesel was Rs 74.38 per litre, according to Indian Oil Corporation

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Dr.Reddy's Says Sputnik V Covid-19 Vaccine Safe In India Mid-stage Trial

The company has submitted the mid-stage trial safety data to India's drug regulator for review and approval to continue late-stage trials

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Singapore Airlines Sets First US Dollar Bond: Term Sheet

The size of the deal will be determined on Tuesday following the briefings with investors in Asia and Europe

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Chinese EV Maker Nio May Launch Mass Market Cars Under Another Marque

The automaker is currently making three SUV models built at its Hefei plant, which are mostly priced above 300,000 yuan

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China's Baidu To Create Intelligent EV Company With Automaker Geely

Baidu's move comes as many tech companies around the world are racing to develop smart cars, after Tesla Inc's success in commercialising EVs

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Carlsberg Probes Find 'Potential Improper Payments', Child Labour: Report

A May 2018 EY internal report on an audit of two Carlsberg warehouses found underage labourers at a location in Jharkhand

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Sensex, Nifty End At Record Highs For Eleventh Session Led By IT Stocks

Six off 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty IT index's over 3 per cent gain.

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Budget 2021: Budget Will Be Paperless For The First Time Ever

More than 100 people usually stay at the basement of north block till the budget is presented and this cannot happen this year due to the covid pandemic

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Apple, Hyundai On Course To Agree To Electric Car Tie-up: Korea IT News

Hyundai Motor said it was in early talks with Apple to launch a self-driving electric car in 2027

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Wipro, HCL Technologies, Infosys Surge After TCS' Strong Earnings

Shares of information technology giants like Wipro, Infosys and HCL Technologies rallied over 5 per cent each in trade on Monday

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Sunday, January 10, 2021

Vedanta Slips Over 3% On Open Offer Announcement

Vedanta Resources, together with Twin Star Holdings, Vedanta Holdings Mauritius and Vedanta Holdings Mauritius II, will acquire up to 371.75 million equity shares of Vedanta

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TCS Hits Record High After Profit Beats Estimates In December Quarter

TCS' net profit rose to Rs 8,701 Crore in the three months to December 31, 2020, from Rs 8,118 Crore a year earlier

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Avenue Supermarts Gains Over Over 5% On Rise In Q3 Net Profit

Avenue Supermarts reported a better-than-expected 16 per cent year-on-year rise in consolidated net profit at Rs 447 crore for the December quarter as against a profit of Rs 384 crore in the same...

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Sensex Gains More Than 300 Points; TCS Rallies Over 3% Post Q3 Results

TCS had reported a 7.2 per cent growth in net profit at Rs 8,701 crore and a 7.6 per cent year-over-year increase in revenue to Rs 16,655 crore in the December quarter, on higher demand for cloud...

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Sensex, Nifty Set To Open Higher; TCS, Avenue Supermarts In Focus

Tata Consultancy Services will be in focus after it reported a 7.2 per cent growth in profit at Rs 8,701 crore in the third quarter

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Stocks To Watch: TCS, Vedanta, Avenue Supermarts

The IT major reported a 7.2 per cent growth in profit at Rs 8,701 crore in the third quarter and revenue from the banking and finance industries jumped 7.6 per cent, on higher demand for cloud...

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Petrol, Diesel Rates Remain Constant On Monday

In the national capital, the price of petrol remained unchanged at Rs 84.20 per litre and diesel was at Rs 74.38 per litre, according to Indian Oil Corporation

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Indigo Paints Receives SEBI Approval To Float IPO

The IPO will comprise fresh issuance of shares aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital

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Kishore Biyani Expects Quick Nod To Future's $3.4 Billion Deal

A New Delhi court in December dismissed Future's request to restrain Amazon's repeated attempts to get authorities to stall the deal, but the judge left the fate of the transaction with the regulators

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Saturday, January 9, 2021

Extended Deadline For Filing Income Tax Returns Ends Today

The government has also extended the due date for filing declaration under the direct tax dispute resolution scheme Vivad Se Vishwas by a month till January 31, 2021.

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Petrol, Diesel Rates Unchanged On Sunday

Golden Quadrilateral-Golden Diagonal: Trains To Operate At Speed Of130 Kmph

Trains will run at the maximum speed to 130 kmph for 1,280 km length out of 1,612 Km in Golden Quadrilateral - Golden Diagonal (GQ-GD) rou

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Here's How To Link Aadhaar Number With PAN

Aadhaar Card PAN Card Linking Process: If you have already submitted request to link two IDs, you can even check status of your request

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Gold Price Today: Yellow Metal Down 4%, Rates Plunge Rs 2,000 Per 10 Gram

Gold Price Today: Yellow Metal Down By 4% To Rs 48,818

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UP Government Expects Revenue Growth Of Rs 6,000 Crore With Excise Policy

To promote ease of doing business, brand registration, label approval, bar and micro-brewery licences will have the option to be renewed up to three years instead of requiring approvals every year,...

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Deadline For Filing Income Tax Returns Is Tomorrow: How To Do It Online

Income Tax Returns 2020: Taxpayers have until tomorrow for filing ITR's and one can file it online through the official website - https://ift.tt/1dxxFKf

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Bitcoin Rose Over 5%,Touched Record High Of $41,530 As Bull Run Continues

Bitcoin Vs Dollar Rate: The total market value of all cryptocurrencies surged above $1 trillion for the first time on Thursday, January 7, as Bitcoin soared past $40,000 for the first time

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India's Petrol Sales Rise 1.5% From November, Cooking Gas Demand Up 7%

Consumption of fuel rose 4.1 per cent to 18.6 million tonnes in December, the highest since January 2020, scaling an 11-month peak

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Petrol, Diesel Prices Remain Unchanged On Saturday

Fuel Prices: Earlier, the price of petrol was hiked by 23 paise to Rs 84.20 per litre and diesel was increased by 26 paise to Rs 74.38 per litre in the national capital

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Friday, January 8, 2021

Tejas Express Service To Restart In Chennai-Madurai; Check Train Timings

Tejas Express: fully reserved Tejas Express Superfast special train services have been reintroduced on the network.

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Budget 2021: 10 Things To Know About First Budget Of Independent India

Budget 2021 date: Finance Minister Nirmala Sithraman will present Budget 2021 on February 1, 2021

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Audi To Phase Out Combustion Engines In 10-15 Years: WirtschaftsWoche

The car maker is currently working on a concrete time plan and expects to have target dates in the coming months for the phase-out at individual plants

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TCS Reports Higher Profit As Remote Work Drives Cloud Demand

The results kick off Indias corporate earnings season for the December-quarter, a seasonally weak period for the software industry

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Reliance Capital's Total Outstanding Debt Increases To Rs 20,380 Crore

The total amount of outstanding borrowings from banks and financial institutions works out to Rs 700.76 crore, including accrued interest up to December 31, Reliance Capital said

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Budget 2021: Key Facts About India's Past Union Budgets

Finance Minister Nirmala Sitharaman will present Union Budget on February 1 for the upcoming financial year 2021-22. The Budget 2021-22 assumes significance as this will be presented during the...

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In Early Apple Talks, Hyundai Maintains Silence On EV Tieup Report

The report comes weeks after Reuters reported that Apple was moving forward with self-driving car technology and was aiming to produce a passenger vehicle that could include its own breakthrough...

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Rupee Settles Higher To 73.24 Against Dollar Amid Market Gains

Rupee Vs Dollar Rate Today: The domestic unit recorded a volatile trading session throughout the week

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Cryptocurrency Market Cap Touched $1 Trillion

Bitcoin Vs Dollar Rate: Bitcoin has jumped more than 900 per centto $38,655 on Thursday, from $3,850 in March, as governments increase speeding to blunt the economic impact of the coronavirus

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Sensex Rallies Nearly 700 Points, Nifty Closes Above 14,300 For 1st Time

The S&P BSE Sensex rallied over 750 points and Nifty 50 index climbed above 14,350 as markets broke record highs for tenth session on Friday on the back of a broad-based buying interest. The Sensex...

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Petrol, Diesel Rates Unchanged On Friday

Fuel Prices: In the national capital, the price of petrol was hiked by 23 paise to Rs 84.20 per litre and diesel was increased by 26 paise to Rs 74.38 per litre

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Thursday, January 7, 2021

NHPC's Lower Subansiri Hydroelectric Project Starts

The total estimated cost of phase-III projects is approximately Rs 175 crore

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TCS Shares Gain 2% Ahead Of December Quarter Earnings

TCS Share Price: At 12:10 PM, Tata Consultancy Services was trading at Rs 3,098.65, up Rs 65.95, or 2.17 per cent percent on the BSE.

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Tesla's Stock Market Value Tops Facebook's In Huge Trading

Tesla, up over 700 per cent in the past 12 months, has become the most valuable auto company in the world by far.

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Sensex, Nifty Surge To Record Highs Led By Gains In IT Shares

The S&P BSE Sensex and NSE Nifty 50 indexes surged to record highs in trade on Friday led by gains in information technology heavyweights like Infosys and Tata Consultancy Services ahead of earnings...

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Retail Inflation In December Likely Fell To Within RBI Target: Poll

The January 5-7 poll of around 45 economists suggested retail inflation fell to 5.28 per cent in December from 6.93 per cent in November.

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A Thai Stock's 1,000% Surge, Defying Fundamentals, Puzzles Analysts

The unit of Taiwan's Delta Electronics Inc., makes components for automobiles and data centers, among other products.

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Sensex Up Over 300 Points, Nifty Near 14,250; TCS Gains Ahead Of Earnings

The domestic markets mirrored gains in other Asian markets as investors looked beyond rising coronavirus cases and political unrest in the United States

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Stocks To Watch: TCS, Tata Power, Biocon, Bharat Rasayan, ONGC

The S&P BSE Sensex and NSE Nifty 50 indexes are set to open higher in trade on Friday as indicated by the Nifty futures traded on Singapore Exchange

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Sensex, Nifty Set To Open Higher On Strong Global Cues

Shares of Tata Consultancy Services (TCS) will be in focus today as it kick starts third quarter corporate earnings for Indian companies.

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New TDS, TCS Rates Put More Money In People's Pockets

To increase liquidity in the hands of people and help them fight the coronavirus-induced recession, the government announced various relief measures on May 13, 2020

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Mumbai-Delhi Rajdhani Express To Run Faster; Check New Train Timings Here

The speed of Train number 01221 / 01222 Chhatrapati Shivaji Maharaj Terminus Mumbai - Hazrat Nizamuddin Rajdhani superfast special has been decided to be increased

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Western DFC Rewari-Madar Section Inaugurated: All You Need To Know

With the inauguration of this section, seamless connectivity between the WDFC and EDFC will be achieved.

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Budget 2021: What Is Economic Survey? Here's All You Need To Know

Budget 2021: Economists and the common public are eyeing budget announcements this year for any signs of relief in policy changes amid the ongoing COVID-19 crisis

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Government Expects Economy To Contract 7.7% In Current Financial Year

Agriculture sector is estimated to see a growth of 3.4 per cent in 2020-21. However, it will be lower than 4 per cent growth recorded in 2019-20.

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Indian Railways Extends Time Limit For Claiming Refund On Cancelled Tickets

The time limit is extended for the tickets between the journey period - March 21, 2020 to July 31, 2020 and is applicable only for the regular timetabled trains cancelled by Indian Railways

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Budget For The Common Man: Crucial Income Tax Changes In Past Budgets

The government has made some drastic changes in income tax rules over the years, ranging from changes in income tax rates to re-introduction of standard deduction and a higher income threshold for...

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Foreigners Net Sellers of Asian Equities In 2020, Despite Q4 Turnaround

Foreign investments: Indian equities lured $23 billion worth of inflows last year, helped by a flood of money arriving in the fourth quarter

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Rupee Declines 20 Paise To Settle At 73.31 Against Dollar

Rupee Vs Dollar Today: At the interbank foreign exchange market, the local unit opened flat at 73.10 against the dollar and registered an intra-day high of 73.08

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Sensex, Nifty Fall For Second Straight Session; IT, FMCG Shares Worst Hit

Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Metal index's nearly 4 per cent gain

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US Considers Adding Alibaba, Tencent To China Stock Ban: Report

Targeting Asia's two most valuable companies, worth a combined $1.3 trillion, would be U.S. President Donald Trump's most dramatic step yet in a recent raft of measures unleashed against Chinese...

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Sensex, Nifty Hold Gains; FMCG, IT Shares Fall, Metals Shine

Eight of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Metal index's 3.5 per cent gain

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Venky's India Shares Hit Two-Month Low Amid Bird Flu Outbreak

Shares of poultry producer Venky's dropped for the fourth consecutive day on Thursday amid the bird flu outbreak

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Wednesday, January 6, 2021

Dixon Technologies Rallies On Tie-Up For Making Wireless Speakers

Dixon Technologies shares surged 253 per cent in calendar year 2020, massively outperforming the Nifty which rose 15 per cent.

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Sobha Surges 7% On Achieving Best Ever Quarterly Sales Volume In Q3

Shares of the Bangalore-based real estate developer Sobha Ltd. rose as much as 7 per cent to hit an intraday high of Rs 439.70 on the BSE

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Lupin Soars Over 2% On Getting Nod For Bacterial Infection Medications

Sulfamethoxazole and Trimethoprim Oral Suspension USP is indicated for treating and preventing a variety of bacterial infections, such as middle ear, urine, respiratory, and intestinal infections

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Bank Lending To Plastics Industry Faces Scrutiny As Pollution Concerns Mount

Compiled by https://portfolio.earth, a research network, the report ranked Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co as the three biggest financiers of plastics between January 2015...

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Bandhan Bank Rises Over 3% On Growth In Advances

The bank's total deposits during the quarter increased by 30 per cent to Rs 71,188 crore as against Rs 54,908 crore in the corresponding period last year, the lender said in a statement to the stock...

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Sensex Rises Over 250 Points, Nifty Opens Above 14,200

The S&P BSE Sensex and NSE Nifty 50 indexes staged a gap up opening on Thursday after a day's pause in the previous session

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Stocks To Watch: Dixon Technologies, Sobha Ltd, Lupin, Bandhan Bank, NMDC

The domestic stock markets are likely to open in the green after a day's paused due to positive cues from across the global markets.

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Petrol, Diesel Rates Hiked By 23-26 Paise On Thursday

In the national capital,the price of petrol was hiked by 23 paise to Rs 84.20 per litre and diesel was increased by 26 paise to Rs 74.38per litre, according to Indian Oil Corporation

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Sensex, Nifty Likely To Have A Strong Opening

Asian stocks perked up on Thursday as investors remained confident that violence in Washington would not disrupt a legitimate transition to a new presidency or derail political support for a U.S....

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Bandhan Bank Q3 Advances Grow By 23% To Rs 80,255 Crore

The advances of Bandhan Bank were at Rs 65,456 crore in the year-ago period

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Energy Demand In India To Grow 6-7% In Next Financial Year: Report

The all-India thermal plant load factor is likely to improve to 57.0- 58.0 per cent in the next financial year from the estimated level of 53.0- 54.0 per cent in the current financial year, though it...

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Benchmark Gold Rate Can Surge Past $2,300/Ounce In 2021: Analysts

Domestic gold rates are derived by the global benchmarks by taking into account currencychanges

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Indian E-commerce Startup Udaan Raises $280 Million From Tencent, Others

Udaan said existing investors including Chinese tech giant Tencent, Lightspeed Venture Partners, DST Global, GGV Capital and Altimeter Capital participated in the fundraising, along with new investors...

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