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Showing posts from January, 2021

Silver futures soar to Rs 73,645 per kg on strong demand; up nearly 15% since January 28

In the futures market, silver for March delivery touched an intra-day high of Rs 73,888 and a low of Rs 71,650 per kg on the MCX. from Moneycontrol Business News https://ift.tt/2McFK0p

Tata Power gets LoI from OERC to operate power distribution system in north-eastern Odisha

With the inclusion of additional distribution utility of Odisha, Tata Power shall now serve the entire population of Odisha with nearly 9 million consumers experiencing uniform processes and synergies in operations across the state. from Moneycontrol Business News https://ift.tt/2MleDjG

Power consumption grows 10.2% in January

Power consumption in January 2020 was 101.15 BU. from Moneycontrol Business News https://ift.tt/3cuwbV1

Union Budget 2021: Healthcare stocks like Fortis, Apollo Hospital, SRL Logistics in focus on introduction of Aatmanirbhar Health Yojana

The healthcare sector was among the biggest gainers in the last 10 months given the opportunities made available in the light of the pandemic. The BSE Healthcare index rallied 87 percent from March 23#39;s closing low. from Moneycontrol Business News https://ift.tt/3j4VE8R

Granules arm gets USFDA nod for Potassium Chloride Oral Solution

The approved product is bioequivalent to the reference listed drug Potassium Chloride Oral Solution of Genus Lifesciences, Inc. from Moneycontrol Business News https://ift.tt/3csq4k9

Fabindia, Hidesign open a joint store in Chennai

The store is located at Pondy Bazaar, T Nagar, which is part of smart city project and one of the principal shopping districts of Chennai. from Moneycontrol Business News https://ift.tt/3cuKusS

Escorts tractor sales jump 49% to 9,021 units in January 2021

Domestic tractor sales during last month stood at 8,510 units as against 5,845 units in January 2020, up 45.6 percent, Escorts said in a BSE filing. from Moneycontrol Business News https://ift.tt/36wx8IL

As Google eyes Australia exit, Microsoft talks Bing with PM Scott Morrison

Australia has introduced laws that would force internet giant Google and social media heavyweight Facebook Inc to negotiate payments to domestic media outlets whose content links drive traffic to their platforms. from Moneycontrol Business News https://ift.tt/3r7LBCT

Digital #39;Bahi Khata#39;: FM Nirmala Sitharaman to deliver Budget 2021 speech from made-in-India tablet

FM Nirmala Sitharaman, in her first budget in 2019, replaced a leather briefcase that had been for decades used for carrying budget documents with a traditional red cloth #39;bahi-khata#39;. from Moneycontrol Business News https://ift.tt/3oCHGfy

Coronavirus News LIVE Updates: 11,427 new COVID-19 cases reported in India; over 1.7 crore cases so far

Coronavirus News LIVE Updates: Over 37 lakh beneficiaries have been vaccinated against COVID-19 in the country till now from Moneycontrol Business News https://ift.tt/2NSF4Oa

Union Budget 2021 LIVE Updates: Cabinet clears Budget ahead of FM Nirmala Sitharaman’s address

Budget 2021 LIVE News Updates: Finance Minister Nirmala Sitharaman will present the Union Budget today. She will use a #39;made in India#39; tablet computer to deliver a paperless Budget address from Moneycontrol Business News https://www.moneycontrol.com/news/business/union-budget-2021-live-updates-cabinet-clears-budget-aheadfm-nirmala-sitharaman’s-address_14730281.html

Tech Mahindra – 5G making a comeback, time to close gap with larger peers

With growth looking promising, we expect the significant discount to large cap peers to narrow as Tech Mahindra remains one of the cheapest among large cap IT stocks from Moneycontrol Business News https://www.moneycontrol.com/news/business/tech-mahindra-–-5g-makingcomeback-time-to-close-gaplarger-peers_14730961.html

Lupin to enter Chinese market in next one year

Lupin posted a net profit of Rs 438.3 crore in the quarter ended December 31, 2020, helped by growth of sales in the US, India and other markets. from Moneycontrol Business News https://ift.tt/3pxyUAS

Coronavirus News LIVE Updates: Over 37 lakh beneficiaries receive the jab in India

Coronavirus News LIVE Updates: Over 37 lakh beneficiaries have been vaccinated against COVID-19 in the country till now from Moneycontrol Business News https://ift.tt/39AGAgj

Union Budget 2021 LIVE Updates: FM Nirmala Sitharaman likely to use tablet computer for Budget address

Budget 2021 LIVE News Updates: Finance Minister Nirmala Sitharaman will present the Union Budget today. She will use a tablet computer to deliver a paperless Budget address from Moneycontrol Business News https://ift.tt/3ra91ra

Budget 2021: What aam aadmi, industry and market seek from FM Nirmala Sitharaman

Budget 2021-22: The aam aadmi, industry and market#39;s expectations assume greater significance this time due to the coronavirus pandemic’s impact on income levels, businesses and the economy. from Moneycontrol Business News https://ift.tt/39AnneL

Union Budget 2021 LIVE Updates: FM Nirmala Sitharaman arrives at North Block; Budget countdown begins

Budget 2021 LIVE News Updates: Finance Minister Nirmala Sitharaman will present the Union Budget today. She has arrived at the North Block from Moneycontrol Business News https://ift.tt/3t7C94a

Kerala Lottery Result: ‘Winwin W-601’ lottery winners to be announced today at 3 pm

Kerala Lottery Result: The first prize winner of #39;Winwin W-601#39; will take home Rs 75 lakh. The second prize winner will get Rs 5 lakh and the third prize Rs 1 lakh. from Moneycontrol Business News https://www.moneycontrol.com/news/business/kerala-lottery-result-‘winwin-w-601’-lottery-winners-to-be-announced-today-at-3-pm_14730501.html

Coronavirus News LIVE Updates: Karnataka logs 522 fresh COVID-19 cases; 4 more die

Coronavirus News LIVE Updates: Over 37 lakh beneficiaries have been vaccinated against COVID-19 in the country till now from Moneycontrol Business News https://ift.tt/2Mp9nLM

Lottery Sambad Result February 1: #39;Dear Bangalakshmi Teesta#39; lottery winners to be announced at 4 pm

Lottery Sambad Result: The first prize winner of the #39;Dear Bangalakshmi Teesta#39; lottery will take home Rs 50 lakh. The second prize is Rs 9,000. from Moneycontrol Business News https://ift.tt/3tditMq

Union Budget 2021 LIVE Updates: FM Nirmala Sitharaman to present Budget today; countdown begins

Budget 2021 LIVE News Updates: Finance Minister Nirmala Sitharaman is set to present the Union Budget today. It assumes greater significance amid economic disruption caused by the pandemic from Moneycontrol Business News https://ift.tt/3oBeF42

Exxon, Chevron CEOs discussed merger in early 2020

The talks between Exxon Chief Executive Darren Woods and Chevron CEO Mike Wirth were serious enough for legal documents involving certain aspects of the merger discussions to be drafted, a source told Reuters from Moneycontrol Business News https://ift.tt/39C6jok

Union Budget 2021 LIVE Updates: FM Nirmala Sitharaman set to present Union Budget today

Budget 2021 LIVE News Updates: Finance Minister Nirmala Sitharaman will present the Union Budget today. It assumes greater significance amid economic disruption caused by the pandemic from Moneycontrol Business News https://ift.tt/3cttDXe

Union Budget 2021 LIVE Updates: FM Nirmala Sitharaman to present Union Budget today

Budget 2021 LIVE News Updates: Finance Minister Nirmala Sitharaman will present the Union Budget today. It assumes greater significance amid economic disruption caused by the pandemic from Moneycontrol Business News https://ift.tt/3oAj5Iy

Analysis: To the brink and back on GameStop - Wall Street vs Reddit

As a new week of trading begins, it remains to be seen how long the Reddit-fueled rally in traditionally unloved stocks will last. from Moneycontrol Business News https://ift.tt/3jaVHjB

Gold, silver weekly outlook | Tips for investors and key events to watch out for

Technically, LBMA Gold Spot gave a sharp correction from $1,875 where it ended near 200-DMA, indicating a bearish momentum in the coming week. from Moneycontrol Business News https://www.moneycontrol.com/news/business/gold-silver-weekly-outlook-|-tips-for-investorskey-events-to-watch-out-for_14730181.html

Market rally boosts Geojit, net profit nearly doubles to Rs 30.6 crore

In the December 2019 quarter, the company had booked a net profit of Rs 15.83 crore, which grew by 93 percent in the reporting quarter, the company said in a statement. from Moneycontrol Business News https://ift.tt/3aoFDXH

Govt mops up Rs 19,499 crore from CPSE disinvestment, buyback so far in FY21

Finance Minister Nirmala Sitharaman had in her budget for 2020-21 set a target of raising Rs 2.1 lakh crore from privatisation, sale of minority stakes in state-owned companies and share buyback by CPSEs. from Moneycontrol Business News https://ift.tt/36wjXHI

Queen Elizabeth to host Biden before G7 summit in June

Describing it as a "soft power" reception, the Sunday Times said the Queen would be joined by the Prince of Wales, the Duchess of Cornwall and the Duke and Duchess of Cambridge. The palace declined to comment on the report. from Moneycontrol Business News https://ift.tt/3r9oDvi

Deal or no deal: Virus aid tests Biden #39;work together#39; plea

A retail politician who never misses a chance for small talk or schmooze, Biden has been penned in somewhat by the pandemic, which limits the face-to-face interactions on which he thrives. from Moneycontrol Business News https://ift.tt/2YtK9yv

Sitharaman#39;s #39;Economic Vaccine#39; coming on Monday; Will Budget 2021-22 go beyond #39;bahi-khata#39;?

The budget, economists and experts say, will be the starting point for picking up the pieces after the economic destruction caused by the COVID-19 pandemic. from Moneycontrol Business News https://ift.tt/2Yz3tdH

Smartphone maker Xiaomi says legal complaint against US to protect its interests

The Defense Department, under the Trump administration in mid-January, added Xiaomi and eight other companies to the list, which requires American investors to divest their holdings in the firms by a set deadline. from Moneycontrol Business News https://ift.tt/3ai8MUh

Govt may give oilfield in lieu of $1.4 billion it has to pay Cairn, save overseas assets

For a government struggling to find revenue to boost a COVID-19 battered economy, options of appeal against the arbitration award are limited and it may not have the financial bandwidth for such a payout, two sources with knowledge of the development said. from Moneycontrol Business News https://ift.tt/39xaYIq

UK set to formally apply for trans-Pacific trade bloc membership

The government said joining CPTPP would remove tariffs on food and drink and cars, while helping to boost the technology and services sectors. from Moneycontrol Business News https://ift.tt/3tcAnia

How a guy in his basement helped fuel the GameStop frenzy

A Massachusetts man who goes by “Roaring Kitty” on social media helped fuel the frenzy around GameStop. His $53,000 investment in the company briefly reached $48 million in value. from Moneycontrol Business News https://ift.tt/3r82dum

FPIs net buyers at Rs 14,649 crore in January

Overseas investors pumped in a net of Rs 19,473 crore into equities but pulled out Rs 4,824 crore from the debt segment between January 1 and January 29. from Moneycontrol Business News https://ift.tt/2NTLqgf

Pharma wrap: Three more vaccines to be available in India soon

The data from clinical trials of Johnson amp; Johnson and Novavax which were announced this week were also positive, increasing the chances of the vaccine availability. Interestingly both these vaccines will be manufactured in India. from Moneycontrol Business News https://ift.tt/3r9dXMY

IndusInd Bank – Prudence to support further re-rating

With an undemanding valuation, we see more re-rating ahead for IndusInd Bank from Moneycontrol Business News https://www.moneycontrol.com/news/business/indusind-bank-–-prudence-to-support-further-re-rating_14729581.html

Nine of 10 most valued firms take over Rs 3.96 lakh crore hit in market cap

In the last week, the 30-share BSE benchmark tumbled 2,592.77 points or 5.30 per ent due to profit-booking ahead of the Union Budget. from Moneycontrol Business News https://ift.tt/2McWjJG

This week in Auto: Fancy a Hero MotoCorp car or three-wheeler?

Here is a complete look at what made headlines during the week from Moneycontrol Business News https://ift.tt/3ozSTxz

LT Finance Holdings to launch Rs 2,998.61-crore rights issue on Feb 1

The LT Finance Holdings rights issue will close on February 15, 2021. from Moneycontrol Business News https://ift.tt/3aeWSdP

Here#39;s what a top PUBG player has to say about FAU-G

Animesh Agarwal, a top PUBG player, believes that it has been a good start for FAU-G and professional gamers can expect improvements to the online game. from Moneycontrol Business News https://ift.tt/2NJDwFX

GameStop saga: Here#39;s how small investors took on mighty Wall Street

A social media-fuelled frenzy caused a massive surge in the stock price of video game retailer GameStop and caused huge losses to hedge funds, we decode the journey for you. from Moneycontrol Business News https://ift.tt/3jciuvD

V-shaped recovery, public spending and more: Snapshots of Economic Survey 2021

The Economic Survey 2020-21, authored by a team led by CEA Krishnamurthy Subramanian, was released on January 29. The document details the state of the economy and reforms that should be undertaken to accelerate growth. Here are some snapshots from Moneycontrol Business News https://ift.tt/3pwWcXL

IOC to expand Chennai refinery in JV with CPCL; to spend Rs 31,500 cr

IOC holds a 51.89 percent stake in CPCL. The expansion was to originally cost Rs 27,460 crore but is now estimated to cost Rs 31,500 crore. He said the project will be funded in a 2:1 debt-equity ratio. from Moneycontrol Business News https://ift.tt/3tcUUn4

Everything’s a joke until it’s not

Reddit communities grow powerful in plain sight. Why do they keep taking the world by surprise? from Moneycontrol Business News https://www.moneycontrol.com/news/business/everything’sjoke-until-it’s-not_14728361.html

Is it time to expand maternity leave for adoption of children across age groups?

Women are entitled to maternity leave for adoption, only if the child is below three months of age at that time. This has posed several challenges to women who chose to adopt. from Moneycontrol Business News https://ift.tt/2MH1lxy

Saveo Healthtech gets $4 million funding from Matrix Partners India, RTP Global and others

The seed round saw participation from Incubate Fund and India Quotient, a statement said. from Moneycontrol Business News https://ift.tt/2MAyFXi

Robinhood: The trading app co-founded by Indian-American caught in GameStop storm

Co-founded by Baiju Bhatt, Robinhood is facing calls for a probe from Elon Musk and others for halting trade in GameStop that set off howls of protest from small traders. from Moneycontrol Business News https://ift.tt/3puRBVY

Boomers show that age is no barrier for upskilling in India

From photography and video editing to artificial intelligence and machine learning, those over 50 are dabbling in everything. Professionals in the 30-45 age group form the bulk of India’s $2.5 billion online upskilling industry. But industry sources say the above 50-year category saw the fastest growth — a whopping 40 percent — over the last year from Moneycontrol Business News https://ift.tt/3t0b5no