Taking Stock | Indices gains nearly 2%, here are 5 factors that powered the rally
Among sectors, Nifty energy, bank, auto, metal and PSU bank indices rose 1-4 percent. BSE midcap and smallcap indices added 1.6 percent each.
Posted on 17 May 2021 | 4:49 pm
COVID-19 vaccine for children: Is it safe for my child to take the jab?
Is COVID-19 vaccine safe for children? Recently released data from Pfizer-BioNTech shows the COVID-19 vaccine works well in the age group of 12 to 15 years.
Posted on 17 May 2021 | 4:41 pm
Gainers Losers: 10 stocks that moved most on May 17
Among sectors, Nifty Energy, Bank, Auto, Metal and PSU Bank indices rose 1-4 percent. BSE Midcap and Smallcap indices added 1.6 percent each.
Posted on 17 May 2021 | 4:40 pm
Rupee rises by 7 paise to 73.22 against dollar
At the interbank forex market, the rupee opened at 73.24 and hit an intra-day high of 73.16 and a low of 73.26.
Posted on 17 May 2021 | 4:27 pm
From South Korea to US, here#39;s how nations stepping up to boost supply of semiconductors
There is an ongoing global shortage of chips that could last till 2022 or even go into 2023, with the demand exceeding supply.
Posted on 17 May 2021 | 4:20 pm
Silver prices inch closer to Rs 72,000/kg; forms bullish Engulfing Candlestick
Technically, LBMA Silver could trade on bullish momentum up to $27.90-$28.30 levels.
Posted on 17 May 2021 | 4:11 pm
Aggressive lockdowns, vaccinations and drop in Covid cases should revive markets: Santosh Joseph of Germinate
Market will be at its best, being volatile on both sides, giving opportunities to enter and exit.
Posted on 17 May 2021 | 3:55 pm
India#39;s once-in-a-century budget runs into trouble as virus strikes back
Finance Minister Nirmala Sitharaman said India would not see such a budget in “100 years�.
Posted on 17 May 2021 | 3:52 pm
Disneyland Paris to reopen June 17 as COVID-19 curbs ease
The theme park, which employs 17,000 people, closed between March 13 and July 15 last year and has been shut again since October 30.
Posted on 17 May 2021 | 3:51 pm
Too early to say 2nd wave has peaked; vaccine availability national bottleneck: CRISIL
After opening up the vaccination for all adults, the drive has suffered because availability of vaccines has become a “national bottleneck�, the rating agency said in a report.
Posted on 17 May 2021 | 3:35 pm
Miss India Adline Castelino becomes the third runner-up at Miss Universe 2020
Miss Mexico Andrea Meza won and was crowned the Miss Universe 2020. The second and third spot is held by Miss Brazil Julia Gama and Miss Peru Janick Maceta del Castillo respectively.
Posted on 17 May 2021 | 3:32 pm
Natural gas prices rise on cooling demand; speculators increase net long positions
The weather is expected to remain warmer than normal for most of the next two weeks, which could put some upward pressure on cooling demand and cap further downside.
Posted on 17 May 2021 | 3:28 pm
India has 26 potential cases of bleeding, clotting after AstraZeneca vaccine
"There is a very miniscule but definitive risk of thromboembolic events" after being vaccinated, the data showed.
Posted on 17 May 2021 | 3:21 pm
Cyclone Tauktae: Strong winds at 114 kmph strike Mumbai
The wind speed of 114 kmph was recorded around 2 pm at the weather station based at Afghan Church in south Mumbai#39;#39;s Colaba area, the Brihanmumbai Municipal Corporation (BMC) said in a release.
Posted on 17 May 2021 | 3:19 pm
China April aluminium output hits record high as output curbs ease
Primary aluminium output in China, by far the world#39;s biggest producer of the metal, was 3.35 million tonnes in April, the National Bureau of Statistics said. That was up 2.3 percent from 3.276 million tonnes in March and 12.4 percent higher than production in April 2020.
Posted on 17 May 2021 | 3:05 pm
Fuel demand in COVID-hit India plunges in May
Gasoline and diesel sales over May 1-15 fell by about 20%, while jet fuel consumption slumped by nearly 38%, versus April 1-15 levels, the data compiled by the state refiners showed.
Posted on 17 May 2021 | 12:54 pm
Petrol crosses Rs 100/litre mark in several cities following ninth rate hike in May
This was the ninth hike in 13 days, making petrol costlier by ₹2.18 and diesel by ₹2.49 a litre in less than two weeks since May 4.
Posted on 16 May 2021 | 4:21 pm
Petrol, diesel price hiked again; petrol price nears Rs 99 in Mumbai
Rates had already crossed Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra and with the latest increase, price in Mumbai too was inching towards that level.
Posted on 16 May 2021 | 12:42 pm
Growth versus inflation tussle will dictate market trends going ahead
Humongous liquidity infusion by the leading central banks (above $10 trillion) should have created inflation. But inflation had ceased to be a monetary phenomenon in the developed world for more than a decade now.
Posted on 15 May 2021 | 7:36 am
IIP: High industrial output figures may not reflect real growth due to low-base effect from 2020 lockdown
While March IIP figures, and those over the coming months, could be encouraging only due to low-base effect, CPI inflation is not expected to stay in sub-5 per cent territory either, analysts say
Posted on 13 May 2021 | 8:35 pm
Second COVID wave, lower GDP estimates – dilemma for fixed income investors: Anand Nevatia of TRUST AMC
Whenever the economy starts to slow down, the central bank ensures easy monetary conditions along with a low interest rate regime.
Posted on 13 May 2021 | 9:26 am
India received $83 billion in remittances in 2020: World Bank report
China, which received USD59.5 billion in remittances in 2020 against USD68.3 billion the previous year, is a distant second in terms of global remittances for the year gone by, as per the latest World Bank data released on Wednesday.
Posted on 13 May 2021 | 8:15 am
April retail inflation eases to 4.29% on sharp fall in food prices
The fall in inflation rate was primarily on the back of a sharp decline in food inflation. Data by the National Statistical Office shows that Consumer Food Price Index (CFPI) inflation dropped to 2.02 percent in April from 4.87 percent in March.
Posted on 12 May 2021 | 5:40 pm
Future Wise | Here#39;s why that pharmacy degree is so relevant amidst COVID-19
In this episode of Future Wise, Moneycontrol#39;s M Saraswathy talks to Dr Bala Prabhakar, Dean, Shobhaben Pratapbhai Patel School of Pharmacy Technology Management, NMIMS about the rising need for pharmacy professionals amidst the pandemic
Posted on 12 May 2021 | 5:01 pm
Pandemic upshot: The vital soft skill in demandÂ
Email productivity is among the top soft skill which employees want to learn amidst an extension of remote working
Posted on 12 May 2021 | 2:38 pm
Indian April fuel demand dips, coronavirus wave clouds outlook
Consumption of fuel, a proxy for oil demand, fell 9.4% to 17.01 million tonnes from March, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum Natural Gas showed on Tuesday.
Posted on 12 May 2021 | 7:30 am
Key economic data for April, May not to be affected as compared to last year: Pronab Sen
The Ministry of Statistics and Programme Implementation will release CPI inflation for April and Index of Industrial Production for March on May 12. The Commerce Ministry’s Office of the Economic Advisor will release Wholesale Price Index-based inflation for April on May 14.
Posted on 11 May 2021 | 8:40 pm
Budget heading for vaccination expenditure does not inhibit Centre from using funds: Finance Ministry
The amount of Rs 35,000 crore provided in the Union Budget for fiscal year starting April 1, 2021 (FY22) under the Demand for Grants No. 40, titled #39;#39;Transfers to States#39;#39; has been done for several administrative advantages, including expenditure under such head being exempted from the quarterly control restrictions.
Posted on 10 May 2021 | 3:32 pm
RBI relief measures to only delay stress for financial institutions: Fitch
The Reserve Bank of India (RBI) rolled out last Wednesday a slew of measures including a loan restructuring scheme to help lenders tide over mounting bad loans and give some borrowers more time for debt repayment.
Posted on 10 May 2021 | 10:22 am
Indian foreign policy needs economy of ambition
In capitals across the world, the questions that swirled around India in the 1960s are being asked again.
Posted on 10 May 2021 | 7:55 am
Taking Stock | Indices gains nearly 2%, here are 5 factors that powered the rally
Among sectors, Nifty energy, bank, auto, metal and PSU bank indices rose 1-4 percent. BSE midcap and smallcap indices added 1.6 percent each.
Posted on 17 May 2021 | 4:49 pm
COVID-19 vaccine for children: Is it safe for my child to take the jab?
Is COVID-19 vaccine safe for children? Recently released data from Pfizer-BioNTech shows the COVID-19 vaccine works well in the age group of 12 to 15 years.
Posted on 17 May 2021 | 4:41 pm
Gainers Losers: 10 stocks that moved most on May 17
Among sectors, Nifty Energy, Bank, Auto, Metal and PSU Bank indices rose 1-4 percent. BSE Midcap and Smallcap indices added 1.6 percent each.
Posted on 17 May 2021 | 4:40 pm
Rupee rises by 7 paise to 73.22 against dollar
At the interbank forex market, the rupee opened at 73.24 and hit an intra-day high of 73.16 and a low of 73.26.
Posted on 17 May 2021 | 4:27 pm
From South Korea to US, here#39;s how nations stepping up to boost supply of semiconductors
There is an ongoing global shortage of chips that could last till 2022 or even go into 2023, with the demand exceeding supply.
Posted on 17 May 2021 | 4:20 pm
Silver prices inch closer to Rs 72,000/kg; forms bullish Engulfing Candlestick
Technically, LBMA Silver could trade on bullish momentum up to $27.90-$28.30 levels.
Posted on 17 May 2021 | 4:11 pm
Aggressive lockdowns, vaccinations and drop in Covid cases should revive markets: Santosh Joseph of Germinate
Market will be at its best, being volatile on both sides, giving opportunities to enter and exit.
Posted on 17 May 2021 | 3:55 pm
India#39;s once-in-a-century budget runs into trouble as virus strikes back
Finance Minister Nirmala Sitharaman said India would not see such a budget in “100 years�.
Posted on 17 May 2021 | 3:52 pm
Disneyland Paris to reopen June 17 as COVID-19 curbs ease
The theme park, which employs 17,000 people, closed between March 13 and July 15 last year and has been shut again since October 30.
Posted on 17 May 2021 | 3:51 pm
Too early to say 2nd wave has peaked; vaccine availability national bottleneck: CRISIL
After opening up the vaccination for all adults, the drive has suffered because availability of vaccines has become a “national bottleneck�, the rating agency said in a report.
Posted on 17 May 2021 | 3:35 pm
Miss India Adline Castelino becomes the third runner-up at Miss Universe 2020
Miss Mexico Andrea Meza won and was crowned the Miss Universe 2020. The second and third spot is held by Miss Brazil Julia Gama and Miss Peru Janick Maceta del Castillo respectively.
Posted on 17 May 2021 | 3:32 pm
Natural gas prices rise on cooling demand; speculators increase net long positions
The weather is expected to remain warmer than normal for most of the next two weeks, which could put some upward pressure on cooling demand and cap further downside.
Posted on 17 May 2021 | 3:28 pm
India has 26 potential cases of bleeding, clotting after AstraZeneca vaccine
"There is a very miniscule but definitive risk of thromboembolic events" after being vaccinated, the data showed.
Posted on 17 May 2021 | 3:21 pm
Cyclone Tauktae: Strong winds at 114 kmph strike Mumbai
The wind speed of 114 kmph was recorded around 2 pm at the weather station based at Afghan Church in south Mumbai#39;#39;s Colaba area, the Brihanmumbai Municipal Corporation (BMC) said in a release.
Posted on 17 May 2021 | 3:19 pm
China April aluminium output hits record high as output curbs ease
Primary aluminium output in China, by far the world#39;s biggest producer of the metal, was 3.35 million tonnes in April, the National Bureau of Statistics said. That was up 2.3 percent from 3.276 million tonnes in March and 12.4 percent higher than production in April 2020.
Posted on 17 May 2021 | 3:05 pm
From South Korea to US, here#39;s how nations stepping up to boost supply of semiconductors
There is an ongoing global shortage of chips that could last till 2022 or even go into 2023, with the demand exceeding supply.
Posted on 17 May 2021 | 4:20 pm
Silver prices inch closer to Rs 72,000/kg; forms bullish Engulfing Candlestick
Technically, LBMA Silver could trade on bullish momentum up to $27.90-$28.30 levels.
Posted on 17 May 2021 | 4:11 pm
India#39;s once-in-a-century budget runs into trouble as virus strikes back
Finance Minister Nirmala Sitharaman said India would not see such a budget in “100 years�.
Posted on 17 May 2021 | 3:52 pm
Natural gas prices rise on cooling demand; speculators increase net long positions
The weather is expected to remain warmer than normal for most of the next two weeks, which could put some upward pressure on cooling demand and cap further downside.
Posted on 17 May 2021 | 3:28 pm
China April aluminium output hits record high as output curbs ease
Primary aluminium output in China, by far the world#39;s biggest producer of the metal, was 3.35 million tonnes in April, the National Bureau of Statistics said. That was up 2.3 percent from 3.276 million tonnes in March and 12.4 percent higher than production in April 2020.
Posted on 17 May 2021 | 3:05 pm
NEP 2020: National Education Policy on fast track, nationwide implementation kick starts in June
A review committee will monitor task forces set up in 2020, at the central and state level for administering the policy for schools and higher education institutions; a dashboard will be supervised on a monthly and quarterly basis
Posted on 17 May 2021 | 3:04 pm
Ola Electric blitzkrieg has got EV industry charged; here’s what traditional players say
Hero says new categories will see many players coming in. Bajaj Auto has an interesting comment: “We have an existing business... those which do not have any can make those dramatic announcements.� The company, however, said the EV disruption is serious. Piaggio has a tip: If you want to be competitive in India, you have to be price-competitive.
Posted on 17 May 2021 | 2:49 pm
Coronavirus pandemic | Cipla to expand portfolio for COVID-19 drugs over next two months, says CFO
Swiss company Regeneron has signed with Cipla for exclusive distribution of its imported antibody cocktail in India.
Posted on 17 May 2021 | 2:29 pm
ONGC to procure 1 lakh oxygen concentrators
New Delhi, May 17 State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it will procure one lakh oxygen concentrators to aid India#39;s fi..
Posted on 17 May 2021 | 2:11 pm
AirAsia India announces free cancellation, rescheduling for West Bengal flights amid lockdown
A 15-day lockdown came into force in Bengal on Sunday, with the government putting in place a host of stringent measures to curb the spread of COVID-19.
Posted on 17 May 2021 | 1:55 pm
PE firms keen on investing $3-4 billion in intermediate pharma companies: Report
Overseas private PE players have prepared a war chest of $3-4 billion to inject capital into intermediate pharmaceutical companies in India after investing nearly $1.5 billion since the COVID-19 pandemic began.
Posted on 17 May 2021 | 1:54 pm
Dr Reddy#39;s says 8-9 states have approached for Sputnik V vaccine procurement; announces tie-up with Apollo Hospitals
Dr Reddy#39;s will use the Apollo Hospitals network nationally for storing, administering and monitoring the vaccination. The initial rollout will begin in Hyderabad on May 17 and will be extended to Visakhapatnam and other metro cities starting May 18.
Posted on 17 May 2021 | 1:47 pm
Macrotech Developers aims to bring debt below Rs 10,000 crore by FY22 end
"We have made a strong and concerted focus towards becoming a net cash positive company by FY24 and we are fortunate to have some of the finest investors investing in our IPO," Abhishek Lodha, MD CEO said.
Posted on 17 May 2021 | 1:15 pm
TVS NTORQ crosses 1 lakh sales mark in international markets
The company currently sells the scooter, which comes with various industry first technologies like bluetooth connectivity feature, in 19 countries across South Asia, Latin America, Middle East, and ASEAN.
Posted on 17 May 2021 | 1:05 pm
COVID-19 Vaccine | Sanofi and GSK’s vaccine said to produce strong immune responses in mid-stage study
The vaccine hit a major setback in December, when its developers announced that it did not appear to work well in older adults and that they would have to delay plans to test it in a Phase 3 trial, the crucial test that will assess the vaccine’s effectiveness.
Posted on 17 May 2021 | 12:35 pm
