Market benchmark Sensex rose over 200 points in early trade on Wednesday, tracking gains in index majors HDFC Bank, Reliance Industries and Infosys ahead of the Reserve Bank chief's speech. RBI Governor Shaktikanta Das will make an unscheduled announcement at 10 am.
The Reserve Bank of India asked banks on Wednesday to let certain borrowers have more time to repay loans, among other support measures, amid a major second wave of Covid-19 infections in the country that has led to strict lockdowns in several states.
The Department of Telecom on Tuesday approved applications of telecom companies -- Reliance Jio, Bharti Airtel, Vodafone and MTNL -- for conducting 5G trials but none of them will be using technologies of Chinese entities The list of telecom gear makers approved for trials include Ericsson, Nokia, Samsung, C-DOT and Reliance Jio's indigenously developed technologies.
Oil companies, who have in recent months resorted to unexplained freeze in rate revision, had hit a pause button after cutting prices marginally on April 15. This coincided with electioneering hitting peak to elect new governments in five states including West Bengal.
The apex court, however, said that homebuyers', who purchased properties under the state law before today's verdict, will not have to worry as their registration and other acts would remain valid.
Market benchmark Sensex jumped over 200 points in early trade on Tuesday, tracking gains in index majors ICICI Bank, HDFC Bank and Axis Bank amid a mixed trend in global equities. The 30-share BSE index rose 242.57 points or 0.50 per cent to 48,961.09 in initial deals. Similarly, the broader NSE Nifty advanced 78.05 points or 0.53 per cent to 14,712.20.
The couple established the Seattle-based Bill & Melinda Gates Foundation in 2000. It is one of the world's largest charitable organizations, with a focus on public health, education and climate change. The foundation ended 2019 with net assets of $43.3 billion, the last full-year financials disclosed on its website.
Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate's non-insurance businesses, would be named chief executive if he were to step down.
Apollo Global Management said it has agreed to buy Verizon Communications' media unit that includes Yahoo and AOL for $5 billion, the US wireless carrier said on Monday.
Stressing that there cannot be any vaccine nationalism, finance minister Nirmala Sitharaman on Monday urged nations to share technologies on Covid vaccines amid the pandemic.
Opec's share of India's oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia's third largest economy fell to a six-year low, data obtained from industry and trade sources showed.
Air India will be slashing frequency of its highly popular US nonstop from later this week as America’s travel restriction order from Covid-ravaged India comes into force from Tuesday morning, significantly reducing the number of eligible flyers.
Hinduja group flagship Ashok Leyland on Monday said it has curtailed production at its manufacturing plants due to dip in demand with second wave of Covid-19 sweeping across the country.
India's factory activity accelerated slightly in April as strict restrictions to curb the devastating second wave of Covid-19 infections dampened domestic demand, while prices surged at their sharpest pace in about seven years, according to a survey. The rapidly spreading virus has infected over 300,000 people daily recently, leading major provinces to reimpose strict restrictions.
Equity indices started May on a weak footing amid growing calls, including from an industry body, to impose curbs at the national level to rein in the Covid-19 spread, with conglomerate Reliance Industries leading losses after missing profit estimates.
Vande Bharat Mission (VBM) flights to and from Malaysia have been temporarily suspended following it imposed travel restrictions for India. Air India Express Tweeted Sunday, “As per latest notification from the Malaysian government, flights to/from Kuala Lumpur are temporarily suspended till further notice.”
SBI Funds Management (SBI MF) will distribute the next tranche of Rs 2,489 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes in this week from Monday.
US Treasury secretary Janet Yellen on Sunday tamped down concerns that President Joe Biden's plans for infrastructure, jobs and families will cause inflation, saying the spending will be phased in over a decade.
Seven of the top-10 most-valued companies together added a whopping Rs 1,62,774.49 crore in market valuation last week, with major contribution coming in from Reliance Industries Ltd and Bajaj Finance. While RIL, Infosys, HUL, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance and SBI emerged as gainers, TCS, HDFC Bank and HDFC took losses in their market capitalisation (m-cap).
The second wave of coronavirus sweeping the nation has pummelled fuel sales in April as local restrictions clamped to curb the spread of inflection stifled demand, preliminary data showed.Vande Bharat Mission (VBM) flights to and from Malaysia have been temporarily suspended following it imposed travel restrictions for India. Air India Express Tweeted Sunday, “As per latest notification from the Malaysian government, flights to/from Kuala Lumpur are temporarily suspended till further notice.”
The government has waived the late fee on delayed filing of monthly return GSTR-3B and tax payment for the months of March and April and also cut the interest rate for late filers. Taxpayers with a turnover of over Rs 5 crore have been given 15 days extra time to file monthly summary return GSTR-3B and pay taxes without paying any late fees.
"There's a lot more to picking stocks than figuring out what will be an incredible industry in the future," said Buffett, who is known for his remarkably successful investing record. "I just want to tell you that it's not as easy as it sounds."
Chip-maker Qualcomm on Saturday pledged $4 million (over Rs 29.7 crore) to help India fight the deadly second Covid wave that has shattered its health-care system to its core.
Power consumption in the country grew 41 per cent in April 2021 to 119.27 billion units (BU) over the same month last year, showing robust recovery in industrial and commercial demand of electricity, according to power ministry data.
Jet fuel price on Saturday was hiked by steep 6.7 per cent, reversing price cuts of last month, while an increase in petrol and diesel prices may be on the anvil as international prices firmed up. Aviation turbine fuel (ATF) price was increased by Rs 3,885 per kilolitre (kl), or 6.7 per cent, to Rs 61,690.28 per kl in the national capital, according to a price notification of state-owned fuel retailers.
Tech companies’ Covid war rooms are working around the clock as the number of distress calls from employees seeking help — many of whom have been infected by the coronavirus — have increased.
