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user | Naveen Kukreja Gold prices have experienced a steep upward movement since May 2019. This curve became steeper with the onset of COVID-related uncertainties in the global economy. As gradual opening of the economies can taper off some of the gains made by gold, many would be concerned about the risks of investing in gol... | gold has experienced a steep upward movement since may 2019. equity as an asset class is negatively correlated to gold. gold generates higher returns during bearish equity markets. gold is also a hedge against volatile equities. a negative correlation of gold prices with economic and geopolitical stability can negative... |
user | San Francisco/Palo Alto: Every day, tens of thousands of people stream into Google offices wearing red or green name badges. They eat in Google’s cafeterias, ride its commuter shuttles and work alongside its celebrated geeks. But they can’t access all of the company’s celebrated perks. They aren’t entitled to stock and... | google's Alphabet employs hordes of red- and green-badged contract workers. they write code, handle sales calls, recruit staff, screen YouTube videos and test self-driving cars. they write code, handle sales calls, recruit staff, screen YouTube videos and manage entire teams. hiring contractors keeps official headcount... |
user | NEW DELHI: Indian software as a service (SaaS) companies are poised to reach $18-20 billion in revenue and capture 7-9% share of the global SaaS market by 2022, as they build new capabilities to drive the next wave of growth, with strong covid tailwinds driving collaboration and productivity tools and remote working pu... | Indian software as a service (SaaS) companies are poised to reach $18-20 billion in revenue. strong tailwinds driving collaboration and productivity tools and remote working. strong covid tailwinds driving productivity tools and remote working. strong covid tailwinds driving productivity tools and remote working. a hea... |
user | Saab Bags India’s First 100% FDI in Defence Project India has cleared the first 100% foreign direct investment (FDI) in the defence sector, with permissions granted to Sweden’s Saab to set up a new facility that will manufacture rockets. Steady Loan Demand, Fall in Provisions Lift SBI Profit 8% State Bank of India (SBI... | first 100% foreign direct investment in defence sector cleared. permission granted to Sweden's Saab to set up rocket manufacturing facility. 8% increase in second-quarter net profit on steady credit demand. lender expects robust loan growth, underpinned by broad-based economic expansion. sBI expects robust loan growth,... |
user | The rupee today crashed by Rs 1.08 or 1.57 per cent to end at historic low of 69.91 against the US currency amid a global rout in currencies following fears that Turkish economic crisis could engulf world economy. The US dollar strengthened against the would currencies after the Turkish Lira dived almost 8 per cent, sp... | rupee closes at historic low of 69.91 against the would currencies. rupee impacted by fall in Turkish Lira, state-owned bank treasurer says. rupee opened strong by 41 paise at 68.42 against the us dollar in early trade. but soon plunged to a low of 69.62 in line with weakening domestic equities. |
user | live bse live nse live Volume Todays L/H More × Motilal Oswal 's research report on Sun TV Network Sun TV Network (SUNTV)’s revenue fell by 45% YoY, weighed by a plunge in ad revenues and the absence of an IPL season, but partly cushioned by subscription revenue growth. EBITDA fell 39%, partly offset by no fresh conten... | Sun TV Network's revenue fell by 45% YoY, weighed by a plunge in ad revenues and the absence of an IPL season. EBITDA fell 39%, partly offset by no fresh content production cost and SG&A cost rationalization. we value sun TV at FY22E P/E of 12x on account of: a) a muted ad spend outlook in the economy and b) the loomin... |
user | Mumbai: Indian stock indices slumped 4% on Wednesday as the number of Covid-19 cases continued to rise in the country even as the nationwide lockdown continued to remain in force, heightening concerns of a prolonged economic downcycle.Wiping out Tuesday's gains, the Sensex tanked 1,203 points, or 4.1%, at 28,265.31 and... | Sensex tanked 1,203 points, or 4.1%, at 28,265.31 and the Nifty fell 344 points, or 4% to, close at 8,253.80. financials led the decline, with the bank Nifty ending with a 5% loss. total Covid-19 cases crossed 1,600 in india as of Wednesday evening. worldwide, the number of cases crossed 874,000. |
user | The Nifty is expected to open lower on Thursday, tracking muted trend seen in other Asian markets. The index closed 86 points down at 10,782 on Wednesday. Trends on SGX Nifty indicate that the index will open 87.50 points or 0.81 percent lower in India. Nifty futures were trading at around 10,746 on the Singaporean exc... | the index closed 86 points down at 10,782 on thursday. trend on SGX Nifty indicate that the index will open 87.50 points or 0.81 percent lower in india. oil prices fell on tepid trading ahead of a meeting of the oil cartel OPEC. a top executive of china's tech giant Huawei was arrested. |
user | New Delhi: The Indian economy gathered pace in June with goods movement rebounding close to pre-lockdown levels and goods and services tax (GST) collections rising sharply from May. Electricity consumption rose and demand for employment under the Mahatma Gandhi National Employment Guarantee Scheme fell, suggesting bett... | issuance of e-way bills, documents needed to move goods in the GST regime, rose to almost 40 million in June. e-commerce grew by 7% in the month of july, compared to a year earlier. e-commerce grew by 7% in the month of october. e-commerce grew by 7% in the month of october. |
user | Tougher scrutiny of foreign investment in India has soured the plans of China's smartphone manufacturers seeking to expand beyond selling hardware for a bigger share of the South Asian country's competitive financial services market. Xiaomi and Oppo, with more than 100 million in combined smartphone users in India, can... | Xiaomi and Oppo cannot directly lend to consumers without a shadow banking licence. they have partnered with Indian financial companies to provide the funds. the companies are keen to establish their own non-banking financial company. the move comes as india's smartphone shipments are likely to decline by 10% this year... |
user | NEW DELHI:The government withheld the headline retail inflation figures for May, as it did for the prior month as well due to the lack of data owing to lockdown restrictions.However, retail food inflation saw a year-on-year rise to 9.28%, data released by the ministry of statistics and programme implementation (MOSPI) ... | food inflation rose to 9.28% in may, according to data released by the ministry of statistics and programme implementation (MOSPI) food inflation was at 9.69% in rural areas, while food inflation stood at 8.76% in march. data was not available for certain groups and sub-groups in the basket of items of the consumer pri... |
user | New Delhi: In the wake of IL&FS crisis, there is a need to review role of rating agencies as they continued to rate the NBFC at top notch investment grade even a day before it defaulted on its payment obligation, a top Finance Ministry official said. IL&FS, a large systemically important non-deposit accepting core inve... | IL&FS sent markets into tizzy with series of defaults beginning august last year. ratings agencies failed to see the financial troubles brewing and judge the ballooning debt of IL&FS. NBFCs went on aggressive lending spree, financial service secretary says.'some of the NBFCs which have grown more than the normal needs ... |
user | (This story originally appeared in on Sep 29, 2018) Agencies NEW DELHI: Booked a cab through your mobile app but the driver refused to come at the last moment? Refusal by cabs of app-based aggregators, a pet peeve of Delhiites, could soon be a thing of the past with the city government on the verge of bringing in a reg... | app-based aggregators would have to get licence from transport department. they would have to share live GPS data of all cabs with control centre. the policy promises to cap surge pricing and ensure safety measures. failure to do so will attract a fine of Rs 1 lakh. the draft rules are being vetted by a panel headed by... |
user | New Delhi: The first ever Indian cargo vessel (MCP Linz) operated by the Shipping Corporation of India (SCI) reached northern Maldivian town of Kulhudhufushi on Saturday launching a new phase in connectivity in the Southern Indian Ocean Region.Despite a lockdown imposed at Kulhudhufushi, the vessel was received with fa... | first ever Indian cargo vessel (MCP Linz) reached northern Maldivian town of Kulhudhufushi on Saturday. vessel was received with fanfare and virtual event attended by foreign minister of maldives Abdulla Shahid. it is carrying garments, food items, kitchen equipment, coir pith, machinery tools, etc for the maldives on ... |
user | After the successful launch of the initial series of exchange-traded funds (ETFs) last year in December, Edelweiss Asset Management today announced the launch of two new Bharat Bond ETFs that aims to raise a total of Rs 14,000 crore from retail and institutional investors. It will open for subscription on July 14 and c... | two new Bharat Bond ETFs will open for subscription on July 14 and close on July 17. one will mature after five years in April 2025 while the other after 11 years in April 2031. the 2025 Bharat Bond index consists of 12 companies in which power finance corporation, REC Ltd, power grid corporation of india and national ... |
user | MUMBAI: The State Bank of Mauritius (SBM) is awaiting the final go-ahead from the Reserve Bank of India (RBI) to merge its existing operations with the newly registered local SBM Bank (India) Ltd as it seeks to become the first foreign bank to incorporate a local subsidiary in the country.SBM Bank India plans to open s... | the state bank of Mauritius is awaiting the final go-ahead from the Reserve Bank of India (RBI) to merge its existing operations with the newly registered local SBM Bank (India) Ltd. the bank plans to open six new branches to add to its four branches in india and start operations later this year. the bank is the second... |
user | By Rahul Bhasin Equity prices are headed up, after taking out key resistance levels. The advance-decline in ratios and moving averages confirm it. Historically, it took 6-9 months for Fed-injected liquidity transmission into emerging markets, as the excess return erosion wave progressed through the American Asset risk ... | equity prices are headed up, after taking out key resistance levels. Historically, it took 6-9 months for Fed-injected liquidity transmission into emerging markets. but, how has the value changed? Profitability, efficiency of capital, growth and, then, risk-free rate and the risk premium?. the lockdown has hurt all bus... |
user | Heightened competition among lenders and advancement of technology have made borrowing a breezy affair. Risk management tools have evolved with technology and now they enable lenders to do better risk assessment of the borrower before lending. "Loans are now available instantly thanks to digitisation and the ability to... | millennials contributed more than 50% to loans by volume. easy availability of credit also brings adverse consequences if not handled properly. credit report is vital as lenders base their lending decisions on it. millennials are more tech friendly than older generation. millennials are more likely to be a problem for ... |
user | NEW DELHI: India is an important asset for the international and regional fight against coronavirus and in minimising its impact on the health of global community, Saudi Arabia, the chair of the G20 grouping, said on Friday.In an interview to PTI, Saudi Arabia's envoy to India Saud bin Mohammed Al Sati also assured tha... | saud bin Mohammed al Sati says the kingdom is taking care of expatriates' safety. he says the kingdom is working closely with the government to reduce its economic burdens. the kingdom is coordinating international cooperation in combating the pandemic. the kingdom is preparing to convene an extraordinary virtual summi... |
user | Fiscal Deficit for FY18 is likely to exceed the budgeted estimate of 3.2 per cent by about 0.3 per cent. This is driven by lower GDP growth and GST collections. Other receipts like dividend from the RBI and spectrum sale proceeds have also fallen short of budgeted estimate. Expenses have also shot ahead of the estimate... | aaron khan: fiscal deficit for FY18 likely to exceed budgeted estimate of 3.2%. he says lower GDP growth and GST collections are driving the deficit. khan: taxation should be collected like bees collect honey from flowers. he says government should make taxation more transparent and reduce tax. khan: taxation should be... |
user | Indian equities posted gains on Thursday with the benchmark Sensex gaining 222.8 points to end the session at 30,602.61. The broader Nifty50 gained 0.76% or 67.5 points to close at 8,992.8. Even though the benchmarks rose, experts pointed out that the market would witness real pain once the earnings season progressed. ... | Sensex gained 222.8 points to end the session at 30,602.61. broader Nifty50 gained 0.76% or 67.5 points to close at 8,992.8. foreign portfolio investors (FPIs) remained net sellers in the equity markets pulling out $380.2 million. european shares rose as death tolls in italy and spain eased. |
user | The domestic stock markets opened in green on Monday led by strong buying in blue-chip stocks like Asian Paints, ITC, Infosys, Bharti Airtel, SBI, UPL, Bajaj Finance, Bajaj Finserv among others. Asian shares slipped on Monday as investors feared of more protectionist measures from the US, according to a Reuters report.... | domestic stock markets opened in green on Monday led by strong buying in blue-chip stocks like Asian Paints, ITC, Infosys, Bharti Airtel, SBI, UPL, Bajaj Finance, Bajaj Finserv among others. the dollar declined against major currencies after U.S. president Donald Trump on Friday criticised the federal reserve’s tighten... |
user | Axis Bank's Shikha Sharma Vs ICICI Bank's Chanda Kochhar: Detailed comparative analysis Axis Bank chief executive Shikha Sharma and ICICI chief executive Chanda Kochhar have gone from being icons of the banking sector to targets of serious allegations and criticism. Here is the detailed comparative analysis of Axis ban... | Detailed comparative analysis of Axis bank and ICICI bank's performance in last ten years under Shikha Sharma and Chanda Kochhar. DoT likely to ask Vodafone India and Idea Cellular to collectively pay nearly $3 billion (?18,870 crore approx) of dues. Walmart is likely to reach a deal to buy a majority stake in Indian e... |
user | live bse live nse live Volume Todays L/H More × Dinesh Rohira The Indian equity market remained volatile to trade in negative trajectory after posting three consecutive gains on a weekly basis. Despite an initial rally, weak sentiment across global markets triggered a sell-off across financials, metals and auto sectors... | weak sentiment across global markets triggered a sell-off. the index failed to sustain the rally to slip below a crucial level of 10,550. the drag primarily came from Nifty IT and Metal which was down by 3.61 percent and 5.67 percent, respectively. with November F&O expiry due on. Thursday, traders are advised to trade... |
user | Finance Minister Nirmala Sitharaman has said the government will open up coal mining for private sector. The monopoly that the government has in coal mining will be removed, she said. She said that this move has been announced keeping in mind the need to reduce import of substitutable coal and increase self-reliance in... | finance minister says government will open up coal mining for private sector. monopoly that the government has in coal mining will be removed, she says. government will ensure competition and transparency in the sector. 50,000 crore for infrastructure development of the coal sector. a total of 4,000 cases of cholera ha... |
user | सुजुकी मोटरसाइकिल इंडिया ने अपने लोकप्रिय स्कूटर में से एक सुजुकी एक्सेस का स्पेशल एडिशन लॉन्च किया है, यह स्कूटर कम्बाइन्ड ब्रेकिंग सिस्टम के साथ लॉन्च किया गया है. सुजुकी एक्सेस 125 के विशेष संस्करण में कंपनी ने स्कूटर को नया मेटलिक सोनिक सिल्वर रंग दिया है, इसके साथ कंपनी बैज कलर के लैदर सीट कवर भी दे रही है. इससे स... | Suzuki Access 125 |
user | The wet markets, such as the Huanan Seafood Market in China’s virus-hit Wuhan city, are an important “risk factor” for disease spread, the UN biodiversity chief has said as she called for scaling up stricter controls on the sale and consumption of wild species globally. Wild animals sold in the Huanan Seafood Market ar... | wild animals sold in the Huanan Seafood Market are believed to be the source of the novel coronavirus pandemic. the market was closed after the virus outbreak in china in December last year. a ban of the trade, farming and consumption of wild species or a "clamp-down" of wet markets, does not, altogether eliminate the ... |
user | The Bharatiya Janata Party (BJP) on Monday said that Indian Railways will pay 85 per cent train fares of migrant workers. The remaining 15 per cent, state governments will have to pay. The move has come after the centre faced a backlash from Congress party, and other opposition leaders for charging migrant labourers du... | BJP says that railways will pay 85 per cent train fares of migrant workers. the remaining 15 per cent, state governments will have to pay. the move comes after the centre faced a backlash from the opposition. BJP member subramanian Swamy also condemned the centre for not subsidising train fares of migrant workers. he s... |
user | Homegrown pharma major Cipla Ltd on Wednesday said it has signed a non-exclusive licensing agreement with Gilead Sciences Inc for manufacturing and distribution of investigational drug remdesivir, a potential therapy for COVID-19. The medicine has been issued an Emergency Use Authorization (EUA) by the US Food and Drug... | the drug has been issued an emergency use authorization (EUA) by the US Food and Drug Administration (FDA) to treat COVID-19 patients. under the agreement, Cipla will be permitted to manufacture the API and finished product, and market it in 127 countries, including India and South Africa. the company further said it w... |
user | The Indian rupee fell 15 paise to 76.43 against the US dollar in opening trade on Monday, tracking weak domestic equities and sharp rise in coronavirus cases in the country. Forex traders said market participants are concerned that the sharp rise in coronavirus cases, could weigh on the economy. The rupee opened weak a... | rupee opens weak at 76.32 and then falls further to 76.43. rupee had settled at 76.28 against the US dollar on Thursday. foreign institutional investors buy shares worth Rs 1,737.62 crore. Sensex and nifty open on weak note with dollar index down 0.08 per cent. a spokesman for the rupee says it is "deeply concerned" |
user | live bse live nse live Volume Todays L/H More × They say every adversity brings with it an opportunity and the equity market is no exception. While uncertainty and gloom prevail in the market due to the coronavirus outbreak, brokerage firm ICICI Direct has identified stocks that have the ability to withstand a storm an... | ICICI Direct has identified seven such stocks that it has termed as resilient. the stocks are exhibiting relative strength and higher high-low on yearly time frame. the stocks with Dow Theory bullish signals are those exhibiting higher high-low on yearly time frame. the stocks are undergoing a slowdown in the economy, ... |
user | 09 Apr 2020, 1:32 PM Govt may announce second coronavirus package worth Rs 1 lakh crore for small, medium businesses A second stimulus package India is poised to announce in coming days will be worth around Rs 1 lakh crore ($13 billion) and focus on help for small and medium businesses weathering the coronavirus outbre... | second stimulus package to be announced in coming days will be worth around Rs 1 lakh crore ($13 billion) last month, india outlined a Rs 1.7-lakh crore ($22.6-billion) economic stimulus plan. despite grim tally, governor Andrew Cuomo says overall trends still appear positive. india suspends international flights amid ... |
user | Item 7A. Quantitative and Qualitative Disclosures about Market Risk Interest rate risk: We are subject to interest rate risk to the extent we borrow against our unsecured revolving credit facility (the “Revolving Credit Facility”) with variable interest rates based on either an Alternative Base Rate or Adjusted LIBO Ra... | Financial Statements and Supplementary Data
This text discusses the market risks faced by the company, including interest rate risk, cash equivalents risk, and foreign currency risk. The company has no outstanding borrowings under its Revolving Credit Facility as of December 31, 2020, and had fixed rate debt of $4.2 b... |
user | Industrial Growth Slows to 3-month Low in Sept India’s industrial growth dropped more than expected in September to 5.8% from a 14-month high of 10.3% in the preceding month, hit by an unfavorable base effect magnified by a shift in the festival calendar. Excess rainfall in September also disrupted output, impacting gr... | industrial growth dropped more than expected in sept. it was 10.3% lower than 14 months earlier. rainfall disrupted output, impacting growth. manipal education and medical group chairman Ranjan Pai has invested Rs 1,400 crore (around $168 million) in a subsidiary of troubled edtech major byju’s. he has also invested Rs... |
user | Representative image Offering some relief to the construction sector, the government on April 15 relaxed guidelines for lockdown 2.0 permitting some construction activity in the non-COVID-19 hotspots starting April 20. However, this is only provided strict social distancing guidelines are followed and construction work... | lockdown 2.0 will allow some construction activity in non-COVID-19 hotspots. this is only provided strict social distancing guidelines are followed. developers will first look to start with projects that are already nearing completion. public infrastructure projects are also likely to take off first. the Indian constru... |
user | Headline indices BSE Sensex and Nifty 50 witnessed a sudden surge in trade after swinging between gains and losses in early morning deals on Tuesday. After much up and down since opening, Sensex was trading 87 points or 0.25 per cent highet at 34,454, while the broader Nifty 50 index was ruling at 10,196, up 28 points ... | Sensex was trading 87 points or 0.25 per cent highet at 34,454. broader Nifty 50 index was ruling at 10,196, up 28 points or 0.27 per cent. top contributors to Sensex upmove were HDFC, ITC, Sun Pharma, Asian Paints and Hindustan Unilever (HUL) Sensex touched day’s low of 34,268 and high of 34,527 in the session so far. |
user | Visits to websites and mobile apps saw an increase of 61% between March 16 – 22, 2020, when compared to February 10 – 16, 2020, according to latest insights released by media research company Comscore. However, most of the increase occurred recently as visits went up 50% between March 16 – 22, 2020 as opposed to March ... | visit to websites and mobile apps saw an increase of 61% between March 16 – 22, 2020, when compared to February 10 – 16, 2020. most of the increase occurred recently as visits went up 50% between March 16 – 22, 2020 as opposed to March 9 – 15, 2020. ‘Business News’ category’s digital content saw a surge in reach and en... |
user | Expressing ‘cautious optimism’ about the country’s economic prospects, a Finance Ministry report on Wednesday said actual GDP growth in 2020-21 would be contingent upon the intensity, spread and duration of the COVID-19 pandemic. The report, prepared by the Economic Affairs Division of the Finance Ministry, took comfor... | report says actual GDP growth in 2020-21 would be contingent upon intensity, spread and duration of COVID-19 pandemic. took comfort from IMF note which projected a growth rate of 1.9 per cent for the current fiscal. downside risks emerge from possibility of global slowdown deepening and supply chain disruptions getting... |
user | By Swati Nathani With employees working from home and some industries pausing operations, the COVID-19 pandemic has had a profound global impact. Overnight, business strategies and leadership were put to test as authorities announced lockdown as the only means to flatten the curve. Millions of people across the globe h... | millions of people across the globe had to start working from home. ad and marketing industry is no exception. epidemic may have curtailed ad spends in short term, but it will make companies charter into unexplored areas of ads and marketing in the near future. a shift in the advertising budget from traditional marketi... |
user | Initial Market Reaction: IPOs Turn Superhits, Led by Big Tata Release The initial public offering (IPO) market is in an unprecedented bull wave. Three of the four IPOs — Tata Technologies, Flair Writing Industries, and Gandhar Oil Refinery — which opened on Wednesday were fully subscribed within hours of opening. IndiG... | three of the four IPOs — Tata Technologies, Flair Writing Industries, and Gandhar Oil Refinery — which opened on Wednesday were fully subscribed within hours of opening. IndiGo may introduce a premium class of seats along with hot food and a loyalty programme by the end of 2024. the airline may court more business flye... |
user | LONDON: Companies raised new debt on bond markets at a record rate in April, with European markets clocking up their busiest month for capital raising as firms scrambled to access money to see them through the coronavirus crisis.In Europe, investment grade-rated companies raised $83.2 billion in April, according to Ref... | european firms raised $83.2 billion in April, beating the last biggest month in 2009. investment grade issuance to a record $350 billion - second consecutive record month. in the us, firms raised $162.7 billion, beaten only by March's record. central bank initiatives to backstop corporate debt instrumental in re-openin... |
user | US stocks rose on Monday as President Donald Trump followed last week's massive fiscal stimulus package by extending his stay-at-home guidelines, leaving investors hopeful the economic impact of the coronavirus could still be contained.A record $2.2 trillion in aid and policy easing from the Federal Reserve helped equi... | the u.s. stocks rose on Monday as the president extended his stay-at-home guidelines. the u.s. economy is recovering from a record $2.2 trillion in fiscal stimulus. the u.s. healthcare sector was the second-biggest support to the benchmark index. the u.s. economy is expected to recover in the second quarter. |
user | State-owned oil firms will resume as many as 511 projects involving over Rs 42,000 crore of investment with immediate effect as the country partially exited from an unprecedented nationwide lockdown on Monday. Oil and Natural Gas Corp (ONGC), Indian Oil Corp (IOC), GAIL, Oil India Ltd and six other public sector firms ... | ONGC, IOC, GAIL, Oil India Ltd and six other firms will resume projects. the government has allowed makers of information technology hardware to resume operations. the government has allowed farmers and industries in rural areas to resume operations. the restarting of these projects will generate around 7 crore man-day... |
user | Representative Image Oil prices found some respite on Wednesday as U.S. oil futures rose more than 20% and Brent prices steadied after a two-day price plunge, as markets struggle with a massive crude glut amid the coronavirus outbreak. After falling into negative territory for the first time in history amid record trad... | crude futures rise more than 20% as contracts for May delivery expire. west Texas Intermediate up $2.05, or 18%, at $13.62 a barrel. crude futures down 4 cents at $19.37 a barrel after rising more than $1 earlier. oil prices have slumped over 70% this year as coronavirus has slashed demand. |
user | Mutual fund penetration in the Indian markets is low when compared to its global peers. However, the long term horizon offers potential to capitalise on financial savings. India has an assets under management (AUM) to GDP ratio of 12% and this is after China, which has an AUM to GDP ratio of 13%. The world average AUM ... | india has an assets under management (AUM) to GDP ratio of 12%. this is after China, which has an AUM to GDP ratio of 13%. the world average AUM to GDP ratio is at 63% with developed markets such as the us and canada at 120% and 81%. growth drivers for the Indian mutual fund industry would be the likely pick-up in the ... |
user | As the coronavirus cases jump in the EU and the US, India’s top two outbound shipment destinations, exporters of both goods and services see their fortune plummet in FY21, despite a depreciating rupee. While the rupee has weakened by almost 4% against the greenback in March, the currencies of competitors such as Indone... | rupee has depreciated by almost 4% against the greenback in march. currencies of competitors such as Indonesia and Malaysia have depreciated. in software services exports, roughly 28% of payments are made in other currencies. the euro made up for 9.6% of India’s software services export payments. the rupee has deprecia... |
user | This weekly tracker keeps you updated on the benchmark stock index, bond yields , forex movements and CPI-Combined.It also tracks the changes in the past one year to give investors an idea how their investments performed over a longer period.Markets remained volatile due to Covid-19 fears and heavy selling in banking a... | weekly tracker keeps you updated on the benchmark stock index, bond yields, forex movements and CPI-Combined. markets remained volatile due to Covid-19 fears and heavy selling in banking and NBFC stocks. rupee weakened due to the strengthening US dollar, rising crude oil prices, and extension of national lockdown. the ... |
user | Borrowers not going overboard...': SBI MD on banks being called credit averse Updated: 13 Jun 2020, 07:00 PM IST Arijit Basu, Managing Director of State Bank of In... moreArijit Basu, Managing Director of State Bank of India, commented on banks being accused of credit aversion. He said that borrowers weren't interested... | Borrowers not going overboard...' said Managing Director of State Bank of India. 'bankers are ready to facilitate good quality credit after going through the proper process' he was speaking at the fourth webinar of mint's pivot or perish series. he was speaking at the fourth webinar of mint's pivot or perish series. |
user | Gold prices were little changed on Monday as investors awaited fresh developments on the simmering trade spat between US and China. Spot gold was almost unchanged at $1,332.46 an ounce as of 9am. Prices hit a more than two-week low of $1,321.16 an ounce on Friday before closing 0.5% higher. US gold futures were unchang... | gold prices were little changed on Monday as investors waited fresh developments on the simmering trade spat between US and China. Spot gold was almost unchanged at $1,332.46 an ounce as of 9am. prices hit a more than two-week low of $1,321.16 an ounce on friday before closing 0.5% higher. easing tensions between US an... |
user | Foreign institutional investors (FIIs) have turned net sellers, pulling out more than Rs 2,000 crore in from Indian markets in the past four days. The move was not on account of the Budget but on global growth concerns, say experts, Finance Minister Nirmala Sitharaman will table the Budget on February 1. The Nifty has ... | foreign institutional investors (FIIs) have turned net sellers, pulling out more than Rs 2,000 crore in from Indian markets in the past four days. the move was not on account of the Budget but on global growth concerns, say experts. the Nifty has slipped more than 1 percent, so far, in January, and about 3 percent from... |
user | By Rakesh Goyal Health Insurance is designed for people so that they can make use of the risk cover to pay for medical expenses. Health insurance has become very crucial in today’s time because of the new lifestyle diseases and rising medical inflation. The fast-paced life nowadays has escalated the possibilities of si... | health insurance has become very crucial in today’s time because of the new lifestyle diseases and rising medical inflation. this decade has seen many new diseases and illnesses that have been known to be lethal to mankind. IRDA is also making a lot of changes to encourage policy seekers. if one is diagnosed with a cri... |
user | Kamal Nath started his tenure as Madhya Pradesh chief minister posing as an anti-migrant, thereby landing himself in a soup and putting his party’s national chief, Rahul Gandhi, in a bit of a pickle. Surprisingly for such a veteran politician, Nath’s jobs-for-local-boys (no incentives for industry without 70% local emp... | a CM from a state like md posing as an anti-migrant, he sparked ridicule. he ignored the fact that he is not an MP-born, and that he got the CM's job by edging out a local born,. jyotiraditya Scindia. he may have put migrants from his own state in the crosshairs of other state administrations. |
user | Walmart India, a wholly owned subsidiary of Walmart Inc, today activated unified payments interface (UPI) for all its registered members. This payment solution will enable members, especially kiranas/resellers, who shop online at Walmart India's B2B e-commerce site www.bestprice.in, to make direct and secured payments ... | Walmart India activates unified payments interface (UPI) for all its registered members. the payment solution will allow members to make direct and secured payments online. the initiative will complement efforts to make india a digital economy. the company's chief corporate affairs officer says the payment solution wil... |
user | Ask any successful investor for the mantra of making big money, and the most common response will be – we keep looking for opportunities. And, what’s a bigger opportunity than the US stock market? Home to some of the biggest corporates in the world, the US economy is a thriving ground for entrepreneurs, businesses and ... | the US stock market is home to some of the biggest corporates in the world. the US economy is a thriving ground for entrepreneurs, businesses and innovation. with Stockal, you can beat the risk of the Indian rupee falling against the US dollar. the simple process cuts the complicated process to make it easy for you to ... |
user | GUWAHATI: Meghalaya Chief Minister Conrad K. Sangma said that condition of all the patients who have tested positive is stable as of now.Products like areca nut, beetle leaf and broom sticks will be allowed to transport to different markets with restriction, and transportation outside the State will not be allowed, the... | asymptomatic and mild cases of positive patients do not require hospitalisation. high risk primary contacts are highest primary contacts for testing. symptomatic high risk individuals who visited private hospital after 24th of march 2020 are not being tested. all those who visited private hospital after 24th of march 2... |
user | India is looking at South Korea, Germany and China for procurement of cutting-edge technology and adopting best practices being followed by them in successfully containing the spread of coronavirus amid looming risk of the country entering the community infection stage of the pandemic. Indian missions in these three co... | india is looking at best practices in containing the spread of coronavirus. the move comes as india saw rapid increase in number of positive cases. india is also examining efforts in germany to deal with the pandemic. the virus has infected more than 850,000 people and claimed 42,000 lives. the envoy in washington is c... |
user | India Economy The Indian economy is expected to grow at 7.4 percent in the current fiscal and accelerate further to 7.8 percent as it recovers from the impact of demonetisation and GST roll out, IMF said today. Asia continues to be the main engine of the world's economy, accounting for more than 60 percent of global gr... | india economy is expected to grow at 7.4 percent in the current fiscal. it is expected to accelerate further to 7.8 percent as it recovers from demonetisation and GST roll out. Asia is expected to grow at 5.6 percent this year and next. china is projected to grow at 6.6 percent in the current year which will moderate t... |
user | NEW DELHI: The government promulgated an ordinance on Friday to suspend three sections in the Insolvency and Bankruptcy Code to prevent companies from being forced into insolvency proceeding due to debt default triggered by the Covid-19 crisis.Corporate insolvency resolution filing will be suspended for six months for ... | the government has suspended three sections in the insolvency and bankruptcy code. the suspension will remain in force for six months or "such further period, not exceeding one year from such date, as may be notified in this behalf" a nationwide lockdown is in force since march 25, 2020 to combat the spread of the pand... |
user | Yields on long-tenor state development loans see minor hardening post the monetary policy announcement by the Reserve Bank of India (RBI) as 10-year papers got auctioned in the range of 6.46-6.48% as against the 6.40-6.46% range seen last week. In the same period, the old benchmark yield has risen by 7 basis points. Tu... | the old benchmark yield has risen by 7 basis points. the auction also saw the yield on 15-year SDLs rise marginally. nine states raised a total of Rs 16,800 crore during Tuesday’s auction. the inflation is expected to cool only in the second half of the fiscal year. the inflation is expected to cool only in the second ... |
user | There is robust and broad-based revival in the Indian economy that coexists with macroeconomic challenges, chief economic adviser Arvind Subramanian, who presented the Economic Survey 2017-18 on Monday, said at an interaction. Edited excerpts:This has been an unusual year because of demonetisation and GST . This is wel... | the Indian economy is robust and broad-based, chief economic adviser says. the government is committed to its policy of deregulation. the government is committed to its policy of deregulation. the government is committed to its policy of deregulation. the government is committed to its policy of deregulation. the gover... |
user | Rupee and dollar The dark cloud cover of a weaker rupee, rising yields, and falling stocks seem to have been blown away by a precipitous drop in crude prices. Fall in crude prices has all of a sudden completely changed the domestic macroeconomic outlook from that of doom and gloom to boom and bloom. The fall could not ... | fall in crude prices has completely changed the domestic macroeconomic outlook. the fall could not have come at a better time and is a welcome respite for policymakers. for a current account deficit economy lacking adequate energy resources, there are two major concerns. the US extended waivers to eight countries allow... |
user | The Maharashtra state onion growers’ association (MSOGA) has urged the central and state governments to procure onions directly from farmers at Rs 2,000 per quintal. The demand has been made as several market committees in the state are still shut and the wholesale prices of onions have dropped to Rs 500-600 per quinta... | onion growers' association urges government to buy onions directly from farmers. demand made as market committees in state are still shut. around 1,500 farmers have tweeted tagging prime minister and others. cost of production is more than Rs 1,000 per quintal and farmers are losing. auctions at Lasalgaon have come to ... |
user | The Prime Minister Narendra Modi-led government has unveiled Rs 20.9 lakh crore coronavirus stimulus in five daily doses. The final tranche of the relief package came on Sunday, the 54th day of the nationwide lockdown. In Modi's own words, the package is meant to give a fresh impetus to India's journey in becoming self... | the final tranche of the coronavirus stimulus package came on Sunday, the 54th day of the nationwide lockdown. amir khan: the package is meant to give a fresh impetus to India's journey in becoming self-reliant. he says the government has to achieve basic objectives before it can tackle the pandemic. khan: the governme... |
user | Finance Minister Nirmala Sitharaman on Saturday announced a series of measures to boost exports and real estate sectors in the country. To boost export, the FM said the scheme of Remission of Duties would completely replace all Merchandise Exports from India Scheme from January 1, 2020. The FM said the Centre was worki... | the scheme of Remission of Duties will replace all Merchandise Exports from India Scheme from January 1, 2020. the action plan to reduce turn-around time at airports and ports bench-marked to international standards will be implemented by December 2019. to boost the housing sector, the government will set up a special ... |
user | The World Health Organization's Europe office said it has begun discussions with Russia to try to obtain more information about the experimental COVID-19 vaccine the country recently approved. Last week, Russia became the first country in the world to license a coronavirus vaccine when President Vladimir Putin announce... | the world health organization's Europe office has begun discussions with Russia. the vaccine has not yet passed advanced trials required to prove it works. the vaccine has so far only been tested in a few dozen people. the vaccine has so far only been tested in a few dozen people. a russian official says the vaccine wi... |
user | The Goods and Services Tax GST ) implementation has increased indirect taxpayer base by more than 50 per cent with 34 lakh businesses coming into the tax net, the Economic Survey said today.The Survey, authored by Chief Economic Advisor Arvind Subramanian said, preliminary analysis of data shows GST registrants rose ma... | the GST has increased indirect taxpayer base by more than 50 per cent, the survey says. the highest number of GST registrants are in the states of Maharashtra, Uttar Pradesh, Tamil Nadu and Gujarat. the survey says the GST embodies and heralds a radical alteration and enlargement in the understanding of the Indian econ... |
user | live bse live nse live Volume Todays L/H More × It is a long-standing debate whether OTTs will kill the theatre business in India. But it looks like multiplex chain operator PVR and UK-headquartered MUBI, a streaming service dedicated to films only, think otherwise. Both the players have partnered to launch the cinema-... | MUBI GO app will list cinema schedules for current 'Film of the Week'. members will receive one complimentary ticket every week to see a film hand-picked by MUBI, in any PVR cinema across india. MUBI has signed deals with the National Film Archive of India, shemaroo and is ready to shell out money as it is betting on I... |
user | Bears took control of D-Street on May 18 pushing the S&P BSE Sensex towards 30,000 while Nifty50 broke below 9,000 levels convincingly. Trend following indicators such as MACD and SuperTrend indicators also suggest that bears are likely to remain in control and any rallies might lead to profit-taking. Moving Average Co... | bears took control of D-Street on may 18 pushing the S&P BSE Sensex towards 30,000 while Nifty50 broke below 9,000 levels convincingly. trend following indicators such as MACD and super trend also suggest that bears are likely to remain in control. any rallies towards 9,000 will attract selling at higher levels, sugges... |
user | JOHANNESBURG | BEIJING | WASHINGTON: Support is growing for debt relief to help the world's poorest, indebted nations - most of them in Africa - confront the economic havoc wreaked by COVID-19. But there is one big question mark: China.A two-decade lending spree has propelled China to the top of Africa's creditor list ... | a two-decade lending spree has propelled china to the top of Africa's creditor list. any comprehensive debt deal, including write-offs, would require Beijing to take a leading role. "this is going to require real pain for creditors," says a senior fellow at the center for global development. china is unlikely to lead t... |
user | New Delhi: India’s solar power sector may benefit from the US President Donald Trump’s decision on Monday to levy tariff on imported solar panels. In what will impact Chinese module manufacturers, Trump whose presidential campaign and term has been built around growing American manufacturing, imposed a 30% tariff on im... | the tariffs will impact Chinese module manufacturers. the tariffs were imposed in the first year of the president's term. but the tariffs were dropped to 15% in the fourth year. modules account for nearly 60% of a solar power project's total cost. the tariffs are expected to impact the solar power sector in india. the ... |
user | By now, the well-established laundry list of the Narendra Modi government’s economic reform accomplishments in its first term in office reads: Goods and Services Tax (GST); Insolvency and Bankruptcy Code (IBC); and Monetary Policy Framework Agreement (MPFA) to enshrine inflation-targeting administered by a Monetary Pol... | the GST has proved cumbersome and distorting, and fallen short of its revenue target. the insolvency and bankruptcy code (iBC) has been all but gutted by unfavourable court rulings. the monetary policy committee has been criticized for its hawkish stance. but the monetary policy committee has not been able to achieve i... |
user | MG Motor India will begin ZS EV deliveries on January 27 across five cities – Delhi/NCR, Ahmedabad, Mumbai, Bangalore, and Hyderabad. MG Motors has today launched the ZS EV in India. In the 27 days preceding the launch of this all-electric SUV, the British marque has received 2,800 bookings for the same. The MG ZS EV’s... | MG Motor India will begin deliveries of the all-electric SUV on January 27. the company has received 2,800 bookings for the same in the past 27 days. the company has stopped bookings for the car from January 17th. but they can only service 2,400 units. MG plans to increase the production of the same to 300 to 400 units... |
user | ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. The Company has operations in Central and South America, mainly Panama, Venezuela, Costa Rica and Mexico, which expose it to currency exchange rate risks (except Panama, whose currency is equal to the U.S. dollar). To manage the volatility attributabl... | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The Company has operations in Central and South America, mainly Panama, Venezuela, Costa Rica and Mexico, which expose it to currency exchange rate risks. To manage this volatility, the Company nets the exposures to take advantage of natural offsets and does not enter into a... |
user | Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website IIM Lucknow IIML Chief Marketing Officer Programme Visit Indian School of Business ISB Chief Digital Officer Visit IIM Kozhikode IIMK Chief Product Officer Programme Visit If you are in global assets , then even if the domestic mar... | a range of CXO courses are available for college students. the courses are offered by a range of companies. the courses are offered by a range of companies. the courses are offered by a range of companies. a spokesman for the saa says the courses are not for everyone. a saa spokesperson says the markets are booming. |
user | China posted better-than-expected economic data for November on Monday, giving further breathing space to Beijing after the country agreed a partial trade deal with the US last week. A truce in the lingering US-China trade war resulted in a pared-down “phase one” deal announced on Friday, although it has yet to be sign... | china's industrial production increased by 6.2 percent in November. the figure is up from 4.7 percent last month and the highest level in six months. there was also positive news for the country's retailers, with total retail sales up by 8.8% in November. but analysts surveyed by Bloomberg predicting just 5.0 per cent ... |
user | Axis Bank has decided to raise its stake in Max Group promoted Max Life Insurance to 30 per cent, a development which values the insurer at over Rs 5,000 crore. With the deal going through, sources said, the bank is expected to pay Rs 1,600 crore to Max Financial Services (MFS), the holding company of Max Life. Axis Ba... | bank is expected to pay Rs 1,600 crore to the holding company of max life. products sold through the bank contribute for 54 per cent of its revenues. deal comes at a time when the economy is hit by COVID-19 crisis. Interestingly, the deal comes at a time when the economy is hit by COVID-19 crisis impacting all sectors ... |
user | Former cricketer Yuvraj Singh has invested in full-stack nutrition brand Wellversed. According to the company statement, it has raised an undisclosed amount from Singh's YWC Ventures in its Pre-Series A funding valuing the two-and-a-half-year-old startup at nearly Rs 100 crore. Apart from the said investment, Singh wil... | former cricketer invests in wellversed nutrition brand. wellversed is valued at nearly Rs 100 crore. the company also plans to raise its Series A round of investments in early 2021. aanan khurma is the founder of the company. he is also wellversed's brand ambassador. he is also the founder of aaron sagar's ipah. |
user | Key Highlights: Top economists pitch for another round of fiscal stimulus worth 2% of GDP to put the economy on growth path and protect jobs. Additional borrowing to fund stimulus and front-loading of expenditure in infrastructure, especially small-ticket projects involving local companies, among key suggestions. The C... | experts argue that fiscal stimulus package is less than 2% of the GDP. government will wait for pandemic to subside before offering further financial support. pronab Sen, country director of the international growth centre, calls for continued direct transfer of food and cash for some more time. he says delay in stimul... |
user | The government is roping in industry leaders such as Mahindra & Mahindra Chairman Anand Mahindra and Tata Sons Chairman N Chandrasekaran to be part of a panel tasked with developing a technology platform to tackle the Covid-19 outbreak. The panel will also help to improve the Arogya Setu app , keeping privacy issues in... | panel will also help to improve the Arogya Setu app. will consider privacy issues and decide what information should be redacted. telcos are sharing anonymised data with health departments in Italy, Austria and Germany to uphold privacy of individuals while alerting others. panel will also look at how the app is being ... |
user | The unsold BS4 vehicles can be disposed off in multiple ways including company buybacks, scrapping them, exporting to receptive markets and so on. Yes, it’s April 8 and we are still talking about BS4 vehicles. Remember the time when the BS3 to BS4 conversion had taken place? No one mentioned BS3 vehicles after the spec... | a BS4 vehicle can be bought back, scrapped or exported to receptive markets. a dealer can register the car or bike under his employee's name and sell it as a used one. a manufacturer can take back the model, modify it according to BS6 standards and sell it. motorcycles transitioning from carb to fuel injection will be ... |
user | Over the past year, as the Indian economy was getting mired in a deep slowdown, government expenditure grew 11.8 per cent in Q3 FY2020. Much of this was spent on building infrastructure, which created demand for cement, steel and construction businesses. The other three drivers of India's gross domestic product (GDP) g... | government expenditure grew 11.8 per cent in Q3 FY2020. private consumption expenditure rose 5.86 per cent and business investment fell 5.16 per cent. any lowering of government spending on infrastructure will also hit private players. a balancing act will be required to keep the momentum going. a spokesman for the gov... |
user | Prime Minister Narendra Modi on Wednesday set August 15, 2022 as the deadline for completion of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) that would connect Kashmir with the rest of the country. The Prime Minister chaired the 34th Pragati interaction with the union secretaries of various ministries and chief se... | the project would connect Jammu and Kashmir with the rest of the country. the project is being undertaken at an estimated cost of Rs 28,000 crore. the first section connecting Udhampur to Katra and the third section between Banihal and Baramulla have been completed. the last remaining section, the 111 km Katra-Banihal ... |
user | Falling real estate prices may offer some hope to those wanting to buy a house, but things may not be that easy. Banks may turn cautious while disbursing home loans. Experts in the banking industry confirmed to Moneycontrol that loan disbursements can get stringent. This tightening can impact home and top-up loans. Two... | banks may turn cautious while disbursing home loans. approval rates for home loans declined by 16% between 2008 and 2009. spreads on repo-linked loans may increase. move comes at a time when lending rates in the market have been heading south. borrowers may be forced to pay more for their home. a repeat is possible in ... |
user | BEIJING: "Chaos, interruptions, personal attacks and insults," one outspoken Chinese newspaper editor said of the U.S. presidential debate. An Australian counterpart said it was "swamped" by the "rancor engulfing America."The first debate pitting Republican President Donald Trump against Democratic challenger Joe Biden... | asian markets are "swamped" by the debate's potential impact. the debate is expected to be a major political event. the debate is expected to be a major political event. a u.s. presidential election is just over a month away. a u.s. senator says he is "shocked" by the debate. |
user | Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website IIM Lucknow IIML Chief Operations Officer Programme Visit Indian School of Business ISB Chief Digital Officer Visit Indian School of Business ISB Chief Technology Officer Visit This is an unprecedented shock to the global system. I... | a range of CXO courses are available to students in the u.s. and india. countries around the world are discovering how to address this. a lockdown process is beginning in the united states and is adding up to the u.s. a lockdown in india is unprecedented and unheard of. a government in india has put out billions of dol... |
user | Representative Image live bse live nse live Volume Todays L/H More × Vodafone Idea on Monday approached the telecom tribunal TDSAT against the sectoral regulator Trai's missive to put on hold its plan that promised faster speeds to certain priority users, according to sources. Sources privy to the development said that... | Vodafone Idea has filed a petition in the telecom tribunal TDSAT, sources say. regulator asked the two operators to put on hold specific plans. under Trai's scanner is Vodafone Idea's postpaid plan, REDX. the plan promises up to 50 per cent faster data speed. a source says the company is of the view that there is no vi... |
user | A government-controlled bad bank is being projected by a section of experts as a panacea to the massive NPA (non-performing assets) problem in India. It is not. In fact, a state-owned/controlled bad bank could lead to a major anomaly in the pricing of bad assets. That will be counter-productive for the health of the ba... | government-controlled bad bank is being projected as panacea to NPA problem. but it is not a panacea and could lead to a major anomaly in pricing of bad assets. the government is reportedly considering a proposal from the banking industry lobby, the Indian Banks Association (IBA) the bad bank will have an ARC-AMC model... |
user | Trade war is developing into a tale of disruption, rather than an account of back and forth trade actions, as it was initially expected to be. US—the perpetrator—is locked in a one-on-one battle with China. On the other hand, it is working out bilateral deals with alacrity. As countries negotiate with the US—either for... | trade war is developing into a tale of disruption rather than an account of back and forth trade actions. as countries negotiate with the US, it is working out bilateral deals with alacrity. the reorganisation of the North American free trade agreement (NAFTA) is a good example. the NAFTA came under severe attack from ... |
user | 22:07 That's all for today, readers. Thanks for staying on with our coverage of the day's action. Your enthusiasm encourages us to better our coverage every day. Do come back tomorrow for more news, views and insights. 22:05 Claiming rights without duties is against democratic values: PM Modi Prime Minister Narendra Mo... | DGCA has not carried out any study to assess security implications of in-flight WiFi. DGCA has not carried out any study to assess security implications of Wi-Fi. DGCA says it has not carried out any study to assess security implications. DGCA says it is not aware of the risks of in-flight WiFi. a spokesman for the DGC... |
user | live bse live nse live Volume Todays L/H More × IIFL Wealth Management on April 24 said it has completed the acquisition of 100 percent equity shares of L&T Capital Markets (LTCM), a wholly-owned subsidiary of L&T Finance Holdings. LTCM provides wealth management services for individual and institutional clients. The a... | IIFL Wealth Management has completed the acquisition of 100 percent equity shares of L&T Capital Markets. the acquisition was for a total cash consideration of Rs 230 crore plus available cash balance of LTCM. IIFL Wealth is the investment and financial advisor to more than 5,600 influential families. the acquisition w... |
user | With the majority of the population staying indoors due to the nationwide lockdown, the economic growth has taken a severe hit resulting in various sectors of the economy facing financial stress. Multi Commodity Exchange (MCX) has fixed the interim settlement price of April crude oil futures contract at Re 1 per barrel... | COVID India seva' is a direct channel of communication with millions of Indians. the ministry of health & family welfare has launched a campaign to help. the campaign aims to help people with the novel coronavirus (COVID-19) pandemic. the government is launching a 'twitter seva' to help people with the disease. |
user | NEW DELHI: Climate change is hitting home. India saw an increase of 40 million in the number of people exposed to heatwaves from 2012 to 2016 (counting both years), a global report prepared by 27 leading academic institutions, the United Nations and inter-governmental agencies has said.It termed the surge in heatwaves ... | india saw an increase of 40 million in the number of people exposed to heatwaves. between 1901 and 2007, india's mean temperature increased by more than 0.5 degree Celsius. the report says vulnerability to extremes of heat has steadily risen since 1990. low and middle-income countries, including india, are likely to be... |
user | Happiest Minds’ Rs 700 crore IPO opens on Sept 7; here's everything you need to know Happiest Minds Technologies’ initial public offer (IPO) to raise up to Rs 702 crore will open on September 7. The price band of the issue has been fixed at Rs 165-166 per share. Happiest Minds is seeing growth revive in education, heal... | the initial public offer (IPO) to raise up to Rs 702 crore will open on September 7. the price band of the issue has been fixed at Rs 165-166 per share. chairman of the company, 77, is taking the second company he has built to the public markets. grey market premium on the issue has risen by Rs 115-125 per share over t... |
user | India’s gross domestic product (GDP) grew at a dismal but better than expected rate of 3.1% in the March quarter (Q4) of last fiscal, the National Statistical Office (NSO) said on Friday, giving some credence to the government’s claim that had the Covid-19 pandemic not devastated the economy, the several-quarters-long ... | the growth rate was the lowest in 44 quarters. government spending continued to provide strong backing to the economy. but private investment nosedived to lose its share from 31.9% to 29.8%. the centre spent at nearly the same level as the revised estimate for FY20. the Centre incurred a fiscal deficit of 4.6%, much hi... |
user | Certain countries have temporarily suspended import of fruits and vegetables from Kerala following the outbreak of Nipah virus in May and the government is taking steps to get the suspension lifted, Parliament was informed today. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry C R Chaud... | certain countries have temporarily suspended import of fruits and vegetables from Kerala. government is taking steps to get suspension lifted at the earliest. 17 people died due to the Nipah virus in Kerala, out of which 16 were lab confirmed cases. tea production has risen in 2017-18 compared to 2016-17. tea exports f... |
user | One recent afternoon in the Indian city of Pune, a 35-year-old mason named Om Prakash Gaekwad gets a crash course in technology. He watches a street-corner skit explaining the virtues of WhatsApp’s messaging service and Reliance Jio’s wireless network. He then climbs aboard a truck to find out how to set them up. Half ... | facebook and reliance jio are building a massive user base that will boost their own fortunes. experts see more collaboration as inevitable. india already has 480 million internet users — about 75 percent more than the us. that figure is projected to grow to 737 million by 2022. a new e-commerce platform is expected to... |
user | Hello Tata, Goodbye Wistron: Anatomy of a Takeover Deal The Tata Group’s acquisition of Wistron’s manufacturing facility, which will make it the first Indian firm to assemble iPhones, is worth a total $750 million inclusive of debt, said people with knowledge of the matter. Both sides signed the takeover deal on Wednes... | both sides signed the takeover deal on Wednesday. both sides will make it the first Indian firm to assemble iPhones. india has edged out Mainland China to become the most represented country in the QS World University Rankings: Asia 2024 for the first time ever. Mainland china is the most represented country in the ran... |
user | 20:18 ACC shelves merger with Ambuja Cements ACC has called off the merger with Ambuja Cements Limited (ACL). ACC has said in a BSE notification that currently there are 'constraints in implementing merger between the company and ACL." The notification continues to say that the merger with ACL remains to be 'the ultima... | ACC has called off merger with Ambuja Cements Limited (ACL) merger with ACC remains to be 'the ultimate Objective' and will not be proceeding with the Merger. 'there are constraints in implementing merger between the company and ACL', ACC says. 'the merger with ACL remains to be 'the ultimate Objective' |
user | NEW YORK: The coronavirus pandemic has upended US equities trading with unprecedented market volatility and forced bourses like the New York Stock Exchange to close their trading floors, raising questions about the need for such spaces.The NYSE , which is owned by Intercontinental Exchange Inc, closed its stock and opt... | the NYSE closed its stock and options trading floors in new york and San Francisco in march. rivals CME Group, Cboe and Nasdaq also closed their options and futures pits. the NYSE is the only US exchange that still operates stock trading floors alongside electronic trading. the NYSE plans to reopen its San francisco-ba... |
user | EU finance ministers hope to agree a coronavirus economic rescue package for the worst-hit member states on Tuesday, but will fall short of demands from beleaguered Spain and Italy. The EU’s 27 finance ministers are to hold a videoconference where, at the least, they should strike a deal to use the eurozone’s 410-billi... | the 27 finance ministers are to hold a videoconference on monday. they hope to strike a deal to use the eurozone’s 410-billion-euro ($443-billion) bailout fund. but they are expected to put aside — for now — a proposal to issue "coronabonds" to pool public borrowing. |
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