Maharashtra revises development rules, boost for MHADA redevelopment, business districts
The amendment to the Unified Development Control and Promotion Regulations will allow 5% amenity space for construction in plots larger than 20,000 sq m, increased FSI for MHADA redevelopment projects, and additional FSI for commercial business districts.
Posted on 21 June 2021 | 7:45 pm
Gold prices ease for 4th straight day to Rs 47,161/10 gm ahead of Powell#39;s speech; silver crashes Rs 765 a kg
Gold has turned choppy after the recent sell-off however general bias may be on the downside unless the US dollar corrects sharply.
Posted on 21 June 2021 | 7:41 pm
Oil India profit Q4 falls 8% to Rs 847.56 crore; declares final dividend Rs 1.5/shares
Turnover rose to Rs 3,909.61 crore in the fourth quarter of 2020-21 fiscal year from Rs 3,583.72 crore a year back.
Posted on 21 June 2021 | 7:34 pm
Wall Street open higher, led by gains in banks and industrials
Banks and industrial companies were doing the best, while several big technology companies were falling.
Posted on 21 June 2021 | 7:26 pm
NHRC forms 7-member committee to investigate post-poll violence in West Bengal
The constitution of the probing panel comes three days after the Calcutta High Court ordered the human rights body to form a team that will examine the complaints of political violence in Bengal.
Posted on 21 June 2021 | 7:25 pm
IIFL Home Finance files draft shelf prospectus to raise up to Rs 5,000 crore through NCDs
The company will issue secured redeemable and/or unsecured subordinated redeemable non-convertible debentures (NCDs) for an amount aggregating up to Rs 5,000 crore, it said.
Posted on 21 June 2021 | 7:10 pm
Govt notifies Rs 18,100 crore-PLI scheme for promoting manufacturing of ACC batteries
According to a notification issued by the Department of Heavy Industry, the incentives will not be offered to conventional battery pack segment of the industry as such manufacturing activities are already happening in the country.
Posted on 21 June 2021 | 6:56 pm
SBI gets central board#39;s nod to raise Rs 14,000 crore via Basel-III compliant bonds
A lender uses tier I capital to function on a regular basis and it forms the basis of a financial institution#39;s strength.
Posted on 21 June 2021 | 6:49 pm
Is COVID wave 2 over? Positivity rate below 5% for 14 days, but experts say end still far
With 53,256 new coronavirus infections, the lowest in 88 days, and a positivity rate of 3.83 percent, it would seem the present phase of the COVID-19 crisis is over and it is a good time to lift instructions.
Posted on 21 June 2021 | 6:46 pm
LaCONES-CCMB releases guidelines for COVID-19 testing on zoo animals
LaCONES is one of the four designated centres for testing animal samples for possible coronavirus infection, a press release from the CCMB said on Monday.
Posted on 21 June 2021 | 6:10 pm
How do they say economic recovery? ‘I Quit’.
As the US economy starts to regain its footing, workers are looking out to explore new opportunities
Posted on 21 June 2021 | 5:56 pm
Uttar Pradesh#39;s next CM to be decided by BJP after Assembly polls, says minister
Conflicting signals have continued to emerge from the ruling BJP over who would lead the party in the 2022 Assembly elections and who will be the chief ministerial candidate.
Posted on 21 June 2021 | 5:52 pm
Delos and Propstack enter into a collaboration to create healthy buildings across India
Propstack to promote Delos powered advanced air purification units across sectors to help improve health and well-being in indoor environments
Posted on 21 June 2021 | 5:47 pm
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Copper prices slide below $9,100/tonne; correct over 15% from lifetime high
The momentum indicator Relative Strength Index (RSI) is at 31.14, which indicates a bearish movement in prices.
Posted on 21 June 2021 | 5:36 pm
#39;RBI may take cues from US Fed, policy stance to remain accommodative#39;
Rising US inflation, accompanied by tapering of the bond buying program, may reduce the extra ordinary flows into the Emerging Markets while normal flows from long term investors like pension funds may still continue.
Posted on 21 June 2021 | 3:17 pm
India receives $64 billion FDI in 2020, fifth largest recipient of inflows in world: UN
The World Investment Report 2021 by the UN Conference on Trade and Development (UNCTAD), released Monday, said global FDI flows have been severely hit by the pandemic and they plunged by 35 per cent in 2020 to USD 1 trillion from USD 1.5 trillion the previous year.
Posted on 21 June 2021 | 11:06 am
Chart of the Day | The impact of a Fed taper on US real yields and the EM carry trade
If US real rates trend higher ahead of potential tapering, then EM FX could be affected, hurting inflows to emerging markets
Posted on 21 June 2021 | 10:00 am
Draft cabinet note floated for 100% FDI in oil PSUs approved for disinvestment: Sources
The move, if approved by the union cabinet, would facilitate privatisation of India#39;s second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL).
Posted on 20 June 2021 | 11:14 am
#39;Fed will be forced to hike rates before 2023 if inflation stays in uncomfortable range, resulting FII outflow from EMs#39;
A depreciating rupee could make the imports costlier, and widen the trade deficit if the exports didn#39;t catch up.
Posted on 20 June 2021 | 8:58 am
No intention to delay fixing minimum wages: Labour Ministry
The clarification comes amid reports that forming an expert group on the issue with three-year term is an attempt to delay fixing minimum wages and national floor wages.
Posted on 19 June 2021 | 2:14 pm
#39;Expect US Fed to start tapering balance sheet after 6 months in case of rate hikes in 2023; rupee to follow dollar index#39;
The dollar index rallied to a two-month high of 92.007 while Indian rupee depreciated to 74.2625, level last seen on May 3, 2021.
Posted on 19 June 2021 | 10:53 am
Exclusive | India considered minimum income support scheme after lockdown last year, says top official
Government officials held internal discussions regarding temporary income support of around Rs 5,000-6,000 per month for the urban and rural poor who had lost their livelihoods in the nationwide lockdown last year, according to Pronab Sen, head of a standing committee to overhaul India’s economic statistics and data collection.
Posted on 18 June 2021 | 5:35 pm
Struggle to Survive: India’s roadside restaurateurs count cost of pandemic
Many dhabas are family-run and employ millions, including local people and migrant workers. The problems they now face are part of a wider malaise in the travel and leisure industry, and the Indian economy in general.
Posted on 18 June 2021 | 4:41 pm
Economy may recover at slow pace after unlocking, support could be needed: Sanjeev Sanyal
Sanyal has said that it will be important to assess how much recovery will be sustained, as many more states look to unlock.
Posted on 18 June 2021 | 3:51 pm
Central banks stuck between a rock and a hard place, says Indranil Pan of Yes Bank
Monetary policy is likely to be a delicate game—a tightening ahead of schedule can lead to a slowdown, while a delay may mean inflationary expectations getting unhinged, leading to volatility in financial markets and an eventual dip in growth.
Posted on 18 June 2021 | 3:03 pm
COVID-19 | French tourism seeks new boost with Disneyland reopening
France started gradually reopening its economy last month after a COVID-19-induced lockdown. Monuments and museums, including major sites like the Louvre and Versailles, are open, as well as hotels, cafes and restaurants. Tourists will still have to wait for the Eiffel Tower, set to reopen on July 16 after major renovation work.
Posted on 18 June 2021 | 2:37 pm
Wealth creation beats the pandemic
If growing wealth finds its way into productive investments, then the benefits could reach more people
Posted on 18 June 2021 | 9:47 am
India retains 43rd rank on IMD#39;s World Competitiveness Index; Switzerland tops list
Among the BRICS nations, India is ranked second after China (16), followed by Russia (45th), Brazil (57th) and South Africa (62th).
Posted on 17 June 2021 | 7:55 pm
Government should provide Rs 3 lakh crore stimulus to shore up demand: CII president Narendran
Narendran asked the government to infuse another Rs 20,000 crore in public sector banks and also suggested a national pandemic fund to guard against financial risks arising out of such events.
Posted on 17 June 2021 | 1:27 pm
Maharashtra revises development rules, boost for MHADA redevelopment, business districts
The amendment to the Unified Development Control and Promotion Regulations will allow 5% amenity space for construction in plots larger than 20,000 sq m, increased FSI for MHADA redevelopment projects, and additional FSI for commercial business districts.
Posted on 21 June 2021 | 7:45 pm
Gold prices ease for 4th straight day to Rs 47,161/10 gm ahead of Powell#39;s speech; silver crashes Rs 765 a kg
Gold has turned choppy after the recent sell-off however general bias may be on the downside unless the US dollar corrects sharply.
Posted on 21 June 2021 | 7:41 pm
Oil India profit Q4 falls 8% to Rs 847.56 crore; declares final dividend Rs 1.5/shares
Turnover rose to Rs 3,909.61 crore in the fourth quarter of 2020-21 fiscal year from Rs 3,583.72 crore a year back.
Posted on 21 June 2021 | 7:34 pm
Wall Street open higher, led by gains in banks and industrials
Banks and industrial companies were doing the best, while several big technology companies were falling.
Posted on 21 June 2021 | 7:26 pm
NHRC forms 7-member committee to investigate post-poll violence in West Bengal
The constitution of the probing panel comes three days after the Calcutta High Court ordered the human rights body to form a team that will examine the complaints of political violence in Bengal.
Posted on 21 June 2021 | 7:25 pm
IIFL Home Finance files draft shelf prospectus to raise up to Rs 5,000 crore through NCDs
The company will issue secured redeemable and/or unsecured subordinated redeemable non-convertible debentures (NCDs) for an amount aggregating up to Rs 5,000 crore, it said.
Posted on 21 June 2021 | 7:10 pm
Govt notifies Rs 18,100 crore-PLI scheme for promoting manufacturing of ACC batteries
According to a notification issued by the Department of Heavy Industry, the incentives will not be offered to conventional battery pack segment of the industry as such manufacturing activities are already happening in the country.
Posted on 21 June 2021 | 6:56 pm
SBI gets central board#39;s nod to raise Rs 14,000 crore via Basel-III compliant bonds
A lender uses tier I capital to function on a regular basis and it forms the basis of a financial institution#39;s strength.
Posted on 21 June 2021 | 6:49 pm
Is COVID wave 2 over? Positivity rate below 5% for 14 days, but experts say end still far
With 53,256 new coronavirus infections, the lowest in 88 days, and a positivity rate of 3.83 percent, it would seem the present phase of the COVID-19 crisis is over and it is a good time to lift instructions.
Posted on 21 June 2021 | 6:46 pm
LaCONES-CCMB releases guidelines for COVID-19 testing on zoo animals
LaCONES is one of the four designated centres for testing animal samples for possible coronavirus infection, a press release from the CCMB said on Monday.
Posted on 21 June 2021 | 6:10 pm
How do they say economic recovery? ‘I Quit’.
As the US economy starts to regain its footing, workers are looking out to explore new opportunities
Posted on 21 June 2021 | 5:56 pm
Uttar Pradesh#39;s next CM to be decided by BJP after Assembly polls, says minister
Conflicting signals have continued to emerge from the ruling BJP over who would lead the party in the 2022 Assembly elections and who will be the chief ministerial candidate.
Posted on 21 June 2021 | 5:52 pm
Delos and Propstack enter into a collaboration to create healthy buildings across India
Propstack to promote Delos powered advanced air purification units across sectors to help improve health and well-being in indoor environments
Posted on 21 June 2021 | 5:47 pm
Copper prices slide below $9,100/tonne; correct over 15% from lifetime high
The momentum indicator Relative Strength Index (RSI) is at 31.14, which indicates a bearish movement in prices.
Posted on 21 June 2021 | 5:36 pm
Gold prices ease for 4th straight day to Rs 47,161/10 gm ahead of Powell#39;s speech; silver crashes Rs 765 a kg
Gold has turned choppy after the recent sell-off however general bias may be on the downside unless the US dollar corrects sharply.
Posted on 21 June 2021 | 7:41 pm
Oil India profit Q4 falls 8% to Rs 847.56 crore; declares final dividend Rs 1.5/shares
Turnover rose to Rs 3,909.61 crore in the fourth quarter of 2020-21 fiscal year from Rs 3,583.72 crore a year back.
Posted on 21 June 2021 | 7:34 pm
Wall Street open higher, led by gains in banks and industrials
Banks and industrial companies were doing the best, while several big technology companies were falling.
Posted on 21 June 2021 | 7:26 pm
IIFL Home Finance files draft shelf prospectus to raise up to Rs 5,000 crore through NCDs
The company will issue secured redeemable and/or unsecured subordinated redeemable non-convertible debentures (NCDs) for an amount aggregating up to Rs 5,000 crore, it said.
Posted on 21 June 2021 | 7:10 pm
Govt notifies Rs 18,100 crore-PLI scheme for promoting manufacturing of ACC batteries
According to a notification issued by the Department of Heavy Industry, the incentives will not be offered to conventional battery pack segment of the industry as such manufacturing activities are already happening in the country.
Posted on 21 June 2021 | 6:56 pm
SBI gets central board#39;s nod to raise Rs 14,000 crore via Basel-III compliant bonds
A lender uses tier I capital to function on a regular basis and it forms the basis of a financial institution#39;s strength.
Posted on 21 June 2021 | 6:49 pm
How do they say economic recovery? ‘I Quit’.
As the US economy starts to regain its footing, workers are looking out to explore new opportunities
Posted on 21 June 2021 | 5:56 pm
Copper prices slide below $9,100/tonne; correct over 15% from lifetime high
The momentum indicator Relative Strength Index (RSI) is at 31.14, which indicates a bearish movement in prices.
Posted on 21 June 2021 | 5:36 pm
GameStop names CEO Matt Furlong to board
Matt Furlong oversaw a small but growing part of Amazon#39;s business as the country head for Australia, a role his LinkedIn profile said he assumed in May 2019.
Posted on 21 June 2021 | 5:04 pm
Bitcoin tumbles 10% in wake of deepening China crackdown
Bitcoin fell as low as $32,094 to its lowest in 12 days, dragging smaller coins down. It was last down 8.3 percent, on course for its biggest daily drop in a month.
Posted on 21 June 2021 | 5:03 pm
Crude oil jumps on upbeat demand outlook after rising 2% last week
The black gold has been trading higher than 5, 20, 50, 100 and 200 days#39; simple moving averages and exponential moving averages on a daily chart.
Posted on 21 June 2021 | 4:47 pm
Exclusive | SII focused on local vaccine demand, may export Covishield towards year end
Company risks facing litigation for delaying delivery of vaccines to COVAX Facility, set up to procure and distribute shots in poor countries.
Posted on 21 June 2021 | 4:13 pm
Silver prices rise tracking firm gold and dollar weakness; focus shifts to Powell#39;s speech tomorrow
Technically, LBMA Silver could see support near $25.50-$25.25 levels where resistance is at $26.20-$26.80 levels.
Posted on 21 June 2021 | 3:54 pm
Natural gas futures fall on mixed weather outlook; analysts see further gain
The momentum indicator Relative Strength Index (RSI) is at 61.46, which suggests bullish movement in the price.
Posted on 21 June 2021 | 3:21 pm
Facebook, WhatsApp urge Delhi HC to stay CCI notice in privacy policy matter
A vacation bench of Justices Anup Jairam Bhambhani and Jasmeet Singh said it will pass an order on the application.
Posted on 21 June 2021 | 3:08 pm
