Wall Street edges lower as tech shares fall, bond yields rise
The benchmark 10-year Treasury yields hit a one-year high of 1.45 percent, prompting investors to lock in profits on some high-flying growth stocks due to concerns over heightened valuations.
Posted on 25 February 2021 | 10:55 pm
Manhattan prosecutor gets Trump tax records after long fight
Vance, a Democrat, is conducting a wide-ranging investigation that includes an examination of whether Trump or his businesses lied about the value of assets to gain favorable loan terms and tax benefits.
Posted on 25 February 2021 | 10:46 pm
President#39;s Rule imposed in Puducherry; Notification issued by MHA
V Narayanasamy, who led the Congress government in Puducherry, resigned on Monday ahead of the confidence vote after his government was reduced to a minority.
Posted on 25 February 2021 | 10:40 pm
COVID-19 tally in Tamil Nadu crosses 8.50 lakh; adds 467 new cases, 5 fatalities
Chennai accounted for the maximum infections with 168, taking the total to 2,35,005 till date.
Posted on 25 February 2021 | 10:30 pm
When the Romance Ends, but the Brand Goes On
For some couples in business together, the end of a love affair can spell the end of the professional partnership, as was the case with Chris and Tory Burch.
Posted on 25 February 2021 | 10:26 pm
Ravichandran Ashwin becomes fourth Indian to take 400 Test wickets; meet other members of the elite club
Ravichandran Ashwin joins the 400-wicket club, becoming the fourth Indian to take 400 wickets in Test Cricket. He is the fastest Indian bowler to reach this milestone and second-fastest bowler globally after Sri Lanka’s Muttiah Muralitharan, who took 800 wickets. Ashwin, an off-spinner, grabbed 16th place on the overall list of bowlers who have picked 400 wickets.
Posted on 25 February 2021 | 10:22 pm
Trade setup for Friday: Top 15 things to know before Opening Bell
Shrikant Chouhan of Kotak Securities feels that the index is opening the window of consolidation between the broader range of 15,350 and 14,850 levels.
Posted on 25 February 2021 | 10:00 pm
HCL America approves issuance of up to $500 million bonds
The net proceeds of the notes, which are proposed to be listed on the Singapore Stock Exchange, will be used for refinancing existing debts and for general corporate purpose, a regulatory filing said.
Posted on 25 February 2021 | 9:57 pm
Digital exchange Coinbase takes a step toward going public
The digital currency exchange is seeking a direct listing, which would allow company insiders and early investors to convert their stakes in Coinbase into publicly traded stock.
Posted on 25 February 2021 | 9:38 pm
Pro Kabaddi League: Tender open for new media rights, Mashal Sports invites bids
The tender document for PKL media rights auction is available for purchase from February 25 to March 12 this year.
Posted on 25 February 2021 | 9:34 pm
Maharashtra: After minister#39;s show-of-strength, 19 test positive for coronavirus
Rathod, who had not appeared in public for two weeks after his name was linked to the suspected suicide of a 23- year-old woman, visited the Poharadevi Jagadmaba temple with a large number of supporters on Tuesday.
Posted on 25 February 2021 | 9:31 pm
Unaided professional institutions can decide fee but it should not result in profiteering: SC
Regulation of fee is within the domain of the Committee which shall ensure that the fee is non-exploitative and reasonable, the apex court said.
Posted on 25 February 2021 | 9:00 pm
Zomato revises delivery partner fee following fuel price hike; Swiggy to follow suitÂ
Zomato has also identified the impact of fuel price increase in case of long-distance orders since delivery partners are required to return to their base-working localities to get another order assigned.
Posted on 25 February 2021 | 8:58 pm
Marriage an institution between biological man woman, not just union of individuals: Centre to Delhi HC
#39;The acceptance of the institution of marriage between two individuals of the same gender is neither recognized nor accepted in any uncodified personal laws or any codified statutory laws,#39; the Centre has said in its affidavit.
Posted on 25 February 2021 | 8:40 pm
IPL auction 2021: CSK CEO says while Glen Maxwell was beyond their budget, happy to get Moeen Ali
The Chennai franchise, with two off-spin bowling all-rounders and good buys under his belt, is confident about this season after an uneventful 2020.
Posted on 25 February 2021 | 8:38 pm
Need coordinated action between centre, states on tax reduction in fuel prices: Shaktikanta Das
He, however, said both the centre and the state governments have their revenue pressures and they are required to spend high sums of money to enable the country and the people to come out of the COVID-19 pandemic stress.
Posted on 25 February 2021 | 4:13 pm
Govt continuously working to improve ease of doing business in pharma sector: Minister
Addressing the inaugural session of #39;#39;The India Pharma 2021 India Medical Device 2021#39;#39; event here, the minister also emphasised that the domestic pharma industry has the capability to achieve the target of USD 130 billion turnover by 2030.
Posted on 25 February 2021 | 3:01 pm
India GDP: Moody#39;s projects 13.7% growth in FY#39;22, expects 7% contraction this fiscal
For current fiscal, the US-based rating agency expects the economy to contract 7 percent, lower than its previous estimate of 10.6 percent contraction.
Posted on 25 February 2021 | 1:51 pm
I am sure global pharma industry will support India#39;s WTO proposal of IP waiver for COVID-19: Piyush Goyal
In October 2020, India and South Africa submitted a proposal suggesting a waiver for all WTO (World Trade Organisation) members on the implementation, application and enforcement of certain provisions of the TRIPS Agreement in relation to the prevention, containment or treatment of COVID-19.
Posted on 25 February 2021 | 12:47 pm
Q3 GDP to register marginal growth after record falls in first half of FY21, economists say
While the economy has shrunk by as much as 15.7 per cent in the first half (April-September) period, it needs to register atleast a slight growth to cushion the ongoing contraction and stick to the government#39;s first advance estimate of an overall 7.7 per cent GDP fall for 2020-21, economist and analysts stressed.
Posted on 25 February 2021 | 12:33 pm
Will continue to support economic recovery by ensuring ample liquidity, says RBI Governor Shaktikanta Das
Central banks used conventional and unconventional measures to combat impact of COVID-19 pandemic, said the RBI Governor
Posted on 25 February 2021 | 12:30 pm
Nitin Gadkari urges auto component manufacturers to increase localisation to 100%
Speaking at an event organised by the Automotive Components Manufacturers Association of India (ACMA), the Minister of Road Transport and Highways said the present levels of localisation of parts in the Indian auto sector is around 70 percent and "at any cost we need to stop imports of auto components".
Posted on 25 February 2021 | 12:28 pm
India expected to harvest record wheat, rice crops this year
Rice output is estimated to rise by 1.2% to 120.32 million tonnes. India is the world’s biggest rice exporter and second biggest producer.
Posted on 25 February 2021 | 8:18 am
Economic growth projections of India, China give hope to South African economy: South Africa FM
Delivering his budget speech in Parliament on Wednesday amid an economy ravaged by COVID-19 and the associated lockdowns, Mbowani said the damage caused by the pandemic runs deep, but "we are not without hope".
Posted on 25 February 2021 | 7:48 am
India#39;s foodgrain output to rise 2% in 2020-21 to record 303.34 million tonnes: Govt
Agriculture Minister Narendra Singh Tomar attributed the rise in production to efforts of the farmers and scientists as well initiatives of the central government.
Posted on 24 February 2021 | 7:36 pm
RBI Governor Shaktikanta Das: ‘Major concerns’ about cryptocurrencies, bitcoin alternative in the works
The central bank will not put the breaks on liquidity and it has several "known and unknown" tools to ensure ample liquidity is available, said RBI governor Shaktikanta Das.
Posted on 24 February 2021 | 1:48 pm
Rahul Gandhi hits out at Modi govt over rising fuel prices
The Congress has accused the Centre of looting people by imposing high taxes on petrol and diesel and has demanded its rollback to provide relief to the common man from the onslaught of rising prices.
Posted on 22 February 2021 | 10:50 am
SBI annuity scheme vs fixed deposit vs recurring deposit: Investment cheat sheet
The EMIs comprises a part of the principal amount as well as interest on the reducing principal amount, compounded at quarterly rests and discounted to the monthly value. So, the deposits made by the customers are returned to them in the form of a monthly installment, along with interest.
Posted on 22 February 2021 | 10:26 am
CAIT writes to PM Modi about GST issues, alleged violation of e-commerce rules by e-tailers
In its letter to the prime minister, the Confederation of All India Traders (CAIT) called for setting up of a "special working group" at the central level comprising senior officials, CAIT representatives and independent tax experts to review the GST structure and make recommendations to the government.
Posted on 22 February 2021 | 8:38 am
FPIs invest Rs 24,965 crore in February so far
According to depositories’ data, FPIs pumped in Rs 24,204 crore into equities and Rs 761 crore in the debt segment, taking the total net investment to Rs 24,965 crore during February 1-19.
Posted on 21 February 2021 | 2:38 pm
Wall Street edges lower as tech shares fall, bond yields rise
The benchmark 10-year Treasury yields hit a one-year high of 1.45 percent, prompting investors to lock in profits on some high-flying growth stocks due to concerns over heightened valuations.
Posted on 25 February 2021 | 10:55 pm
Manhattan prosecutor gets Trump tax records after long fight
Vance, a Democrat, is conducting a wide-ranging investigation that includes an examination of whether Trump or his businesses lied about the value of assets to gain favorable loan terms and tax benefits.
Posted on 25 February 2021 | 10:46 pm
President#39;s Rule imposed in Puducherry; Notification issued by MHA
V Narayanasamy, who led the Congress government in Puducherry, resigned on Monday ahead of the confidence vote after his government was reduced to a minority.
Posted on 25 February 2021 | 10:40 pm
COVID-19 tally in Tamil Nadu crosses 8.50 lakh; adds 467 new cases, 5 fatalities
Chennai accounted for the maximum infections with 168, taking the total to 2,35,005 till date.
Posted on 25 February 2021 | 10:30 pm
When the Romance Ends, but the Brand Goes On
For some couples in business together, the end of a love affair can spell the end of the professional partnership, as was the case with Chris and Tory Burch.
Posted on 25 February 2021 | 10:26 pm
Ravichandran Ashwin becomes fourth Indian to take 400 Test wickets; meet other members of the elite club
Ravichandran Ashwin joins the 400-wicket club, becoming the fourth Indian to take 400 wickets in Test Cricket. He is the fastest Indian bowler to reach this milestone and second-fastest bowler globally after Sri Lanka’s Muttiah Muralitharan, who took 800 wickets. Ashwin, an off-spinner, grabbed 16th place on the overall list of bowlers who have picked 400 wickets.
Posted on 25 February 2021 | 10:22 pm
Trade setup for Friday: Top 15 things to know before Opening Bell
Shrikant Chouhan of Kotak Securities feels that the index is opening the window of consolidation between the broader range of 15,350 and 14,850 levels.
Posted on 25 February 2021 | 10:00 pm
HCL America approves issuance of up to $500 million bonds
The net proceeds of the notes, which are proposed to be listed on the Singapore Stock Exchange, will be used for refinancing existing debts and for general corporate purpose, a regulatory filing said.
Posted on 25 February 2021 | 9:57 pm
Digital exchange Coinbase takes a step toward going public
The digital currency exchange is seeking a direct listing, which would allow company insiders and early investors to convert their stakes in Coinbase into publicly traded stock.
Posted on 25 February 2021 | 9:38 pm
Pro Kabaddi League: Tender open for new media rights, Mashal Sports invites bids
The tender document for PKL media rights auction is available for purchase from February 25 to March 12 this year.
Posted on 25 February 2021 | 9:34 pm
Maharashtra: After minister#39;s show-of-strength, 19 test positive for coronavirus
Rathod, who had not appeared in public for two weeks after his name was linked to the suspected suicide of a 23- year-old woman, visited the Poharadevi Jagadmaba temple with a large number of supporters on Tuesday.
Posted on 25 February 2021 | 9:31 pm
Unaided professional institutions can decide fee but it should not result in profiteering: SC
Regulation of fee is within the domain of the Committee which shall ensure that the fee is non-exploitative and reasonable, the apex court said.
Posted on 25 February 2021 | 9:00 pm
Zomato revises delivery partner fee following fuel price hike; Swiggy to follow suitÂ
Zomato has also identified the impact of fuel price increase in case of long-distance orders since delivery partners are required to return to their base-working localities to get another order assigned.
Posted on 25 February 2021 | 8:58 pm
Marriage an institution between biological man woman, not just union of individuals: Centre to Delhi HC
#39;The acceptance of the institution of marriage between two individuals of the same gender is neither recognized nor accepted in any uncodified personal laws or any codified statutory laws,#39; the Centre has said in its affidavit.
Posted on 25 February 2021 | 8:40 pm
IPL auction 2021: CSK CEO says while Glen Maxwell was beyond their budget, happy to get Moeen Ali
The Chennai franchise, with two off-spin bowling all-rounders and good buys under his belt, is confident about this season after an uneventful 2020.
Posted on 25 February 2021 | 8:38 pm
Wall Street edges lower as tech shares fall, bond yields rise
The benchmark 10-year Treasury yields hit a one-year high of 1.45 percent, prompting investors to lock in profits on some high-flying growth stocks due to concerns over heightened valuations.
Posted on 25 February 2021 | 10:55 pm
HCL America approves issuance of up to $500 million bonds
The net proceeds of the notes, which are proposed to be listed on the Singapore Stock Exchange, will be used for refinancing existing debts and for general corporate purpose, a regulatory filing said.
Posted on 25 February 2021 | 9:57 pm
Digital exchange Coinbase takes a step toward going public
The digital currency exchange is seeking a direct listing, which would allow company insiders and early investors to convert their stakes in Coinbase into publicly traded stock.
Posted on 25 February 2021 | 9:38 pm
Zomato revises delivery partner fee following fuel price hike; Swiggy to follow suitÂ
Zomato has also identified the impact of fuel price increase in case of long-distance orders since delivery partners are required to return to their base-working localities to get another order assigned.
Posted on 25 February 2021 | 8:58 pm
Anticipating 2021 boom, US Q4 GDP revised up slightly to 4.1%
The upward revision to the nation#39;s quarterly GDP reflected stronger housing construction, a bigger increase in business inventories, and a smaller decline in state and government spending than first estimated a month ago.
Posted on 25 February 2021 | 8:25 pm
Indian rice export rates ease as supply picks up
The country#39;s rice output is expected to increase to 120.32 million tonnes in the crop year to June 2021.
Posted on 25 February 2021 | 8:15 pm
Retail loans to remain most affected due to pandemic: Moody#39;s
Despite the pandemic challenges, asset quality at Indian banks has performed better than expected at the start of the outbreak, Moody#39;s said.
Posted on 25 February 2021 | 8:03 pm
US weekly jobless claims fall more than expected
Though claims have dropped from a record 6.867 million last March when the pandemic hit the United States#39; shores, remain above their 665,000 peak during the 2007-09 Great Recession.
Posted on 25 February 2021 | 7:22 pm
Gold price falls sharply to Rs 46,446/10 gm on rising bond yields, silver rises by Rs 999 a kg
The gold/silver ratio currently stands at 66.13 to 1, which means the number of silver ounces required to buy one ounce of gold.
Posted on 25 February 2021 | 6:45 pm
India Ratings Revises outlook for Infrastructure to #39;stable#39; for FY22
Despite the doom and gloom beginning mid-March 2020, most sub-verticals of the infra sector have shown resilience and are above pre-covid levels, India Ratings and Research said.
Posted on 25 February 2021 | 6:04 pm
Google pledges changes to research oversight after internal revolt: Report
In remarks at a staff meeting last Friday, Google Research executives said they were working to regain trust after the company ousted two prominent women and rejected their work, according to an hour-long recording, the content of which was confirmed by two sources.
Posted on 25 February 2021 | 5:25 pm
Many organisations in emerging markets struggling to maintain integrity standards: Survey
According to the #39;EY Global Integrity Report — emerging markets perspective, is this the moment for emerging markets to prioritize integrity?#39;, 63 percent of respondents in emerging markets say it is difficult for organisations to maintain standards of integrity during difficult market conditions.
Posted on 25 February 2021 | 5:24 pm
Need to increase logistics arrangement for steel sector: Indian Steel Association
Managing logistics requirements is still challenging and costly for many steel makers in India, ISA Secretary-General Bhaskar Chatterjee said in the Indian Steel Markets Conference 2021 organised by mjunction.
Posted on 25 February 2021 | 4:49 pm
Big salary hikes may be a thing of the past at India Inc
Consultants are of the view that salary hikes over 10% are unlikely before 2024. Only after the entire population is vaccinated and an economic recovery is on in full swing will things look up on the salary front, they opine
Posted on 25 February 2021 | 4:41 pm
MCX Crude oil futures for March series scale a fresh high of Rs 4,635 per barrel
The black gold has been trading higher than 5, 20, 50, 100 and 200 days#39; moving averages on the daily chart. The Relative Strength Index (RSI) is at 78.33 which indicates the price is nearing the overbought level.
Posted on 25 February 2021 | 4:33 pm
