Apollo Hospitals shares gain after board approves raising up to Rs 1,500 crore
The healthcare major said its board has approved the proposal to seek shareholders#39; nod for raising up to Rs 1,500 crore by way of postal ballot. The board has also approved to constitute a Fund Raising Committee for this, Apollo Hospitals said in a BSE filing.
Posted on 3 December 2020 | 10:49 am
These 5 stocks have gained at least 15% each in last 3 months
Four of them turned multibaggers in FY21, gaining between 240 and 630 percent till December 1, 2020.
Posted on 3 December 2020 | 10:40 am
Coronavirus update: COVID-19 caseload in India breaches 95-lakh mark; recovery rate above 94%
The total coronavirus cases mounted to 95,34,964 with 35,551 new infections being reported in a day, while the death toll climbed to 1,38,648 with 526 new fatalities, the data updated at 8 am showed.
Posted on 3 December 2020 | 10:17 am
Joe Biden plans to keep Christopher Wray as FBI director: Report
Joe Biden’s team was "not removing the F.B.I. director unless Trump fired him," the Times quoted the official as saying.
Posted on 3 December 2020 | 10:09 am
PM Modi calls for ensuring opportunity, improving accessibility for persons with disabilities
Modi#39;s comments were in the context of the UN choosing the theme of "Building Back Better: toward a disability-inclusive, accessible and sustainable post COVID-19 World to commemorate the International Day of Persons with Disabilities.
Posted on 3 December 2020 | 10:08 am
As UK gets vaccine next week, Indians are already ringing up travel agents for tickets to the country
One travel agent is planning to launch a three-night package for the Indians who want to get the benefit of the mass vaccination drive in the UK that is likely to begin as early as next week.
Posted on 3 December 2020 | 10:05 am
Here are 9 sectors that could hog the limelight as economy revives
Sectors that are likely to hog the limelight will be banks, NBFCs, metals, real estate, industrial, auto, consumption, capital goods as well as a building material, suggest experts.
Posted on 3 December 2020 | 10:01 am
Rupee opens flat at 73.81 per dollar
ICICIdirect believes higher levels of 74.20 should act as resistance and these can be utilised for shorting the pair.
Posted on 3 December 2020 | 10:00 am
Agri Picks Report: Geojit
According to Geojit, The Trump administration banned imports of cotton products from China#39;s Xinjiang region, saying evidence suggests the products are made with the forced labor of Uighurs.
Posted on 3 December 2020 | 9:57 am
SBI share price gains after CLSA maintains buy rating, raises target to Rs 360
The research firm has reduced its FY21 slippage estimate to Rs 60,000 crore and has increased FY21 earnings estimates by 6-12 percent adding that concerns around national service and capital raise are receding.
Posted on 3 December 2020 | 9:57 am
Term insurance premiums could rise further, but that’s not related to COVID-19: HDFC Life
Depending on the data relating to immunity, there could be a case for differential premium pricing based on geographies, subject to IRDAI approvals
Posted on 3 December 2020 | 9:53 am
San Francisco bans smoking inside apartments; pot smoking OK
The Board of Supervisors voted 10-1 Tuesday to approve the ordinance making San Francisco the largest city in the country to ban tobacco smoking inside apartments, the San Francisco Chronicle reported.
Posted on 3 December 2020 | 9:51 am
Transport Corporation of India: Near-term business momentum looks good
TCI#39;s Q2 earnings beat expectations, highlighted by an improving outlook despite the pandemic headwinds
Posted on 3 December 2020 | 9:50 am
Sell USDINR; target of 73.90 - 73.85 : ICICI Direct
ICICI Direct, The rupee depreciated after making lows near 73.50 and moved back to close near 73.80 levels despite dollar weakness.
Posted on 3 December 2020 | 9:48 am
COVID-19 pandemic: Mumbai’s BEST praised by UN body for ‘unique approach’
The International Labour Organization acknowledged the COVID-19 response team set up by BEST
Posted on 3 December 2020 | 9:46 am
RBI#39;s MPC may maintain status quo due to high inflation, but revise economic growth forecast upwards
Also, the status quo expected for December policy may continue for the next meeting and there could be a further update on inflation trajectory for coming quarters, experts feel.
Posted on 3 December 2020 | 8:17 am
As economy picks up pace, GST collection, FDI trends show signs of revival
Total FDI inflows into India in second quarter of financial year 2020-21 have been $ 28,102 million. Of this, FDI equity inflows were $23,441 million
Posted on 2 December 2020 | 5:53 pm
RBI#39;S MPC starts deliberation on policy rate
After its last MPC meeting in October, RBI kept policy rates unchanged to help tame inflation that in the recent times has surged past 6 per cent mark. RBI projected the country#39;s GDP to contract 9.5 per cent in the current financial year due to the pandemic. It has cut policy rates by 115 basis points since February.
Posted on 2 December 2020 | 2:45 pm
China buys Indian rice for first time in decades as supplies tighten: India trade officials
India is the world#39;s biggest exporter of rice and China is the biggest importer. Beijing imports around 4 million tonnes of rice annually but has avoided purchases from India, citing quality issues.
Posted on 2 December 2020 | 1:22 pm
India looks to resume Iran, Venezuela oil imports under Joe Biden
"As a buyer I would like to have more buying places. I should have more destinations to go for purchasing (oil)," Pradhan said in response to a question about his expectations for the resumption of oil imports from Iran and Venezuela under a Biden presidency.
Posted on 2 December 2020 | 12:40 pm
Explained | Q2 GDP: Does manufacturing data flatter to deceive?
One of the most crucial input data points used in GDP and GVA calculations is the Index of Industrial Production (IIP). IIP contracted by 10.4 per cent in July year-on-year, by 8 per cent in August and expanded by 0.2 per cent in September. So, in a quarter where IIP contracted during two months and barely rose in month, manufacturing GVA showed positive growth.
Posted on 1 December 2020 | 4:33 pm
Govt will reach solution after discussing farmers#39; issues: Agriculture Minister Tomar
For the meeting at Vigyan Bhawan here, Union Agriculture Minister Narendra Singh Tomar was accompanied by Railways and Commerce and Industry Minister Piyush Goyal and Minister of State for Commerce Som Parkash, also an MP from Punjab.
Posted on 1 December 2020 | 3:53 pm
India#39;s unemployment rate declines to 6.51% in November: CMIE
In November, the rural unemployment rate was 6.26 percent, as against 6.90 percent the previous month.
Posted on 1 December 2020 | 3:46 pm
Govt should include industrial strategy in Union Budget, says CUTS International
In its pre-Budget submissions made to the finance ministry, it also said there is a need to avoid inconsistencies in design and implementation of government policies.
Posted on 1 December 2020 | 2:35 pm
RBI seen holding rates; liquidity stance watched
Economists and market participants are closely watching the commentary from the RBI around liquidity. The overnight call money rate has fallen below the reverse repo rate on days on account of the excess liquidity in the banking system.
Posted on 1 December 2020 | 12:23 pm
India#39;s manufacturing PMI slips to 3-month low in November
The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers Index (PMI) fell from 58.9 in October to a three-month low of 56.3 in November, indicating that the manufacturing sector growth remained strong, despite losing traction.
Posted on 1 December 2020 | 11:33 am
New RTGS timings from December 1: All you need to know
RTGS is used for large-value transactions; the minimum amount to be remitted through RTGS is Rs 2 lakh with no maximum limit. This is done in order to boost the adoption of digital payments.
Posted on 1 December 2020 | 9:49 am
China factory activity edges up in November: Official data
The Purchasing Managers#39; Index (PMI), a key gauge of manufacturing activity in China, has largely rebounded following strict measures to curb the virus early in the year, coming in at 52.1 this month.
Posted on 30 November 2020 | 3:32 pm
Analysts narrow FY21 GDP outlook over July-September data
According to experts, that result of policy decisions like timely unlocking of the economy, pitch for self-reliance, and relief measures for various sectors have yielded desired results quicker than expected
Posted on 30 November 2020 | 3:23 pm
#39;Q2 GDP looks much better but no guarantee of improvement unless government spends more#39;
One should draw comfort from the fact that the GDP number is better-than-expected, and the final GDP number for the whole year may be a shade better than what was thought before, says Dr Joseph Thomas of Emkay Wealth Management.
Posted on 30 November 2020 | 9:47 am
Apollo Hospitals shares gain after board approves raising up to Rs 1,500 crore
The healthcare major said its board has approved the proposal to seek shareholders#39; nod for raising up to Rs 1,500 crore by way of postal ballot. The board has also approved to constitute a Fund Raising Committee for this, Apollo Hospitals said in a BSE filing.
Posted on 3 December 2020 | 10:49 am
These 5 stocks have gained at least 15% each in last 3 months
Four of them turned multibaggers in FY21, gaining between 240 and 630 percent till December 1, 2020.
Posted on 3 December 2020 | 10:40 am
Coronavirus update: COVID-19 caseload in India breaches 95-lakh mark; recovery rate above 94%
The total coronavirus cases mounted to 95,34,964 with 35,551 new infections being reported in a day, while the death toll climbed to 1,38,648 with 526 new fatalities, the data updated at 8 am showed.
Posted on 3 December 2020 | 10:17 am
Joe Biden plans to keep Christopher Wray as FBI director: Report
Joe Biden’s team was "not removing the F.B.I. director unless Trump fired him," the Times quoted the official as saying.
Posted on 3 December 2020 | 10:09 am
PM Modi calls for ensuring opportunity, improving accessibility for persons with disabilities
Modi#39;s comments were in the context of the UN choosing the theme of "Building Back Better: toward a disability-inclusive, accessible and sustainable post COVID-19 World to commemorate the International Day of Persons with Disabilities.
Posted on 3 December 2020 | 10:08 am
As UK gets vaccine next week, Indians are already ringing up travel agents for tickets to the country
One travel agent is planning to launch a three-night package for the Indians who want to get the benefit of the mass vaccination drive in the UK that is likely to begin as early as next week.
Posted on 3 December 2020 | 10:05 am
Here are 9 sectors that could hog the limelight as economy revives
Sectors that are likely to hog the limelight will be banks, NBFCs, metals, real estate, industrial, auto, consumption, capital goods as well as a building material, suggest experts.
Posted on 3 December 2020 | 10:01 am
Rupee opens flat at 73.81 per dollar
ICICIdirect believes higher levels of 74.20 should act as resistance and these can be utilised for shorting the pair.
Posted on 3 December 2020 | 10:00 am
Agri Picks Report: Geojit
According to Geojit, The Trump administration banned imports of cotton products from China#39;s Xinjiang region, saying evidence suggests the products are made with the forced labor of Uighurs.
Posted on 3 December 2020 | 9:57 am
SBI share price gains after CLSA maintains buy rating, raises target to Rs 360
The research firm has reduced its FY21 slippage estimate to Rs 60,000 crore and has increased FY21 earnings estimates by 6-12 percent adding that concerns around national service and capital raise are receding.
Posted on 3 December 2020 | 9:57 am
Term insurance premiums could rise further, but that’s not related to COVID-19: HDFC Life
Depending on the data relating to immunity, there could be a case for differential premium pricing based on geographies, subject to IRDAI approvals
Posted on 3 December 2020 | 9:53 am
San Francisco bans smoking inside apartments; pot smoking OK
The Board of Supervisors voted 10-1 Tuesday to approve the ordinance making San Francisco the largest city in the country to ban tobacco smoking inside apartments, the San Francisco Chronicle reported.
Posted on 3 December 2020 | 9:51 am
Transport Corporation of India: Near-term business momentum looks good
TCI#39;s Q2 earnings beat expectations, highlighted by an improving outlook despite the pandemic headwinds
Posted on 3 December 2020 | 9:50 am
Sell USDINR; target of 73.90 - 73.85 : ICICI Direct
ICICI Direct, The rupee depreciated after making lows near 73.50 and moved back to close near 73.80 levels despite dollar weakness.
Posted on 3 December 2020 | 9:48 am
COVID-19 pandemic: Mumbai’s BEST praised by UN body for ‘unique approach’
The International Labour Organization acknowledged the COVID-19 response team set up by BEST
Posted on 3 December 2020 | 9:46 am
Air India employees planning to bid for troubled carrier: Report
Among other bidders, founder of the Maharaja, the Tata Group, are likely candidates
Posted on 3 December 2020 | 9:01 am
SC Hearing on Loan Moratorium LIVE Updates: Hearing of petitions seeking interest waiver to resume today
SC on Loan Moratorium LIVE Updates: The bench comprising of Justices Ashok Bhushan, R Subhash Reddy and MR Shah will today resume hearing the case.
Posted on 3 December 2020 | 8:44 am
Dharampal Gulati, owner of MDH, passes away at 97
#39;Mahashay#39; Dharampal Gulati, the owner of masala brand MDH passed away on December 3.
Posted on 3 December 2020 | 8:25 am
Lottery Sambad Result December 3: #39;Dear Bangabhumi Bhagirathi#39; lottery winners to be announced at 4 pm
Lottery Sambad Result: The first prize winner of the #39;Dear Bangabhumi Bhagirathi#39; lottery will take home Rs 50 lakh.
Posted on 3 December 2020 | 7:58 am
Coronavirus News LIVE Updates: With 526 more fatalities, India#39;s COVID-19 death toll reaches 1,38,648
Coronavirus News LIVE Updates: Total COVID-19 cases in India have risen to 94.99 lakh. There are 4,28,644 active cases in the country.
Posted on 3 December 2020 | 7:24 am
Morning stars | Self-talk, walking, and a quick breakfast - Birlasoft#39;s Dharmender Kapoor on how he starts his day
Birlasoft CEO Dharmender Kapoor starts his day with some me-time, and on a rare occasion allows himself parathas at Murthal dhaba
Posted on 3 December 2020 | 7:22 am
LSE to win European Union approval for $27 billion Refinitiv deal: Report
A merged LSE and Refinitiv would still be eclipsed by financial data leader Bloomberg LP but it will outrank a combination of SP and IHS Markit, whose $44 billion deal announced this week was the largest acquisition of 2020.
Posted on 2 December 2020 | 10:59 pm
Sahara group#39;s two firms move Supreme Court, file contempt plea against SEBI
SEBI had moved the apex court seeking direction to the firms to pay the amount of over Rs 62,602 crore in compliance with the court#39;s earlier orders, failing which the group#39;s chief Subrata Roy be taken into custody.
Posted on 2 December 2020 | 10:20 pm
COVID-19 update | DCGI finds no link between vaccine shot and #39;adverse#39; reaction in Chennai volunteer during trial: Report
ICMR Director General Dr Balram Bhargava had on Tuesday said adverse events do occur with drugs or vaccines or any other health intervention.
Posted on 2 December 2020 | 10:12 pm
Day 2 of IIT Placements: Rs 50 lakh-plus-CTC trend continues at engineering campuses
At IIT Bombay, Sony Japan offered a package of JPY 1.63 Crore per annum (Rs 1.15 crore approximately) during the placement process on day one.
Posted on 2 December 2020 | 10:12 pm
Tata Sons buys 0.7% stake in Tata Chemicals, Adani Logistics continues to offload stake in Snowman
Adani Logistics, which held 26 percent equity stake in the company as of September 2020, sold 1.9 percent equity stake in Snowman in three consecutive sessions via open market transactions
Posted on 2 December 2020 | 10:07 pm
January 21, 2021 will mark a new era that will focus on solving global problems: NR Narayana Murthy
Narayana Murthy, who was speaking at the annual Infosys Science Foundation awards on December 2, said that for the last four years, there was a friction in the US and there was no doubt about it
Posted on 2 December 2020 | 9:47 pm
COVID-19 update | Drugmaker Merck divests stake in vaccine-maker Moderna
Moderna is one of the front-runners in the race to develop a coronavirus vaccine, and on Monday filed for U.S. emergency use authorization of its vaccine.
Posted on 2 December 2020 | 9:26 pm
US-based Oaktree, JC Flower, 6 suitors in fray to buy debt-ridden Reliance Capital
December 1 was the last date for submission of EOIs for the stake sale and in all 60 different bids have been received by SBI Capital Markets and JM Financial Services, the advisors to the lenders.
Posted on 2 December 2020 | 9:17 pm
DHFL creditors vote for new round of bidding, seek fresh bids by December 14
With the new development in place, DHFL#39;s bidders will now have the option to either choose to submit a fresh bid, or else they can continue with the previous bid submitted on November 17.
Posted on 2 December 2020 | 9:00 pm
