Mumbai: The BSE Sensex soared to record highs while the NSE Nifty closed above the 14,000-mark for the first time on Friday as markets continued their record run in the new year amid robust buying in IT, auto and FMCG stocks. Extending its record-setting streak for the fifth day, the 30-share BSE Sensex rose by […]
New Delhi: The Centre’s continued focus on ethanol is a positive for the sugar industry as exports are likely to reduce in SS21 (sugar season 2021), India Ratings and Research (Ind-Ra) said in a report. As per the report, record exports and a resilient domestic demand made sugar one of the few sectors to witness […]
New Delhi: Prime Minister Narendra Modi on Saturday stressed that start-ups be set up in all sectors for building future multinationals which, he said, would give ‘Brand India’ a new global identity in the times to come. Speaking after laying the foundation stone of IIM-Sambalpur‘s permanent campus in Odisha through video conference, the Prime Minister […]
Bhubaneswar: Odisha has recorded a growth of 20 per cent in gross Goods and Services Tax (GST) collection during December 2020 compared to December 2019, a senior tax official said on Saturday. The state had collected Rs 2,383 crore in December 2019 while it collected Rs 2,860 crore in December 2020, registering 20 per cent […]
Mumbai: Concerned over fresh COVID-19 wave and elevated food inflation, Reserve Bank of India on Wednesday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an…
Mumbai: As foreign portfolio investments (FPI) surged amid the pandemic, December 2020 recorded the highest-ever monthly inflow of FPIs at Rs 62,016 crore. FPI inflows into Indian equities surpassed the previous high of Rs 60,358 crore recorded in November 2020. This was the third consecutive month of net inflows. The year 2020 also recorded the […]
Mumbai: Indian equity markets posted healthy recovery after an intra-day slide as investors took the opportunity to ‘buy on decline’. In the intra-day, market opened with a ‘gap up’ as positive macro indicators and vaccine advances in India buoyed sentiments. Consequently, the S&P BAE Sensex crossed the 48,000-mark. However, the market could not sustain itself […]
New Delhi: Crude oil prices surged on Monday on expectations that ‘OPEC+’, the cartel of Organisation of the Petroleum Exporting Countries (OPEC) and its allied oil producing nations would limit the oil output at the current levels. Brent crude crossed the $53 per barrel mark and touched a multi-month high of $53.17 a barrel. It […]
New Delhi: Reliance Industries Chairman Mukesh Ambani topped the Forbes list of India’s 10 richest billionaires with a net worth of $84.5 billion, followed by Adani Group chief Gautam Adani.…
New Delhi: India has been witnessing a ‘V-shaped’ recovery since June with the gradual easing of restrictions on economic activities, said a Finance Ministry report. “The sustained improvement in high frequency indicators ignite optimism of an improved performance in second half of the year,” it said. The Monthly Economic Recovery for December by the Department […]
New Delhi: The world’s most well-known cryptocurrency Bitcoin has witnessed a sharp rise and fall over a couple of days and on Monday, it fell sharply, losing ground from a record high of $34,800 to almost $30,000, with traders citing volatility in the highly leveraged futures markets. Earlier, the world’s most well-known cryptocurrency smashed through […]
Washington: India’s economy is estimated to contract by 9.6 per cent in the fiscal year 2020-21, reflecting a sharp drop in household spending and private investment, and the growth is expected to recover to 5.4 per cent in 2021, the World Bank said on Tuesday. In its Global Economic Prospects report, the World Bank said […]
New Delhi: Federation of Retailer Association of India (FRAI), a representative body of about 4 crore micro, small and medium retailers from across the country on Thursday appealed to Prime Minister Narendra Modi to intervene and order a recall of the proposed 2020 amendments in the COTPA law which threaten to further attack the livelihoods […]
San Francisco: Creating history, Tesla and SpaceX CEO Elon Musk, who had once decided to sell off Tesla owing to poor results, became the richest person on the planet, going past Amazon Founder Jeff Bezos on Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. A 4.8 per cent rally in Tesla’s share […]
Mumbai: Equity benchmark Sensex soared 689 points to end at a fresh all-time high on Friday, led by Infosys, TCS and Reliance amid strong buying sentiment in global equities. The 30-share BSE index closed 689.19 points or 1.43 per cent higher at 48,782.51. It touched an intra-day record of 48,854.34. Similarly, the broader NSE Nifty […]
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