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Showing posts from April, 2021

Why this safe but steady compounding idea from the mid-cap space deserves attention

Given Control Print#39;s promising medium- to long-term outlook, the valuation is extremely undemanding from Moneycontrol Business News https://ift.tt/3u9cuIH

Borosil announces COVID-19 relief for employees, their families

In the event of an employee losing life due to COVID-19, Borosil will take care of the education of his/her children till their graduation. from Moneycontrol Business News https://ift.tt/3aU8x2S

IDFC cuts saving interest rate from 6% to 4%: Here are some banks offering highest interest rates on saving accounts

Depending on the account, the minimum average quarterly balance (AQB) varies. The AQB must be Rs 5,000 and Rs 50,000 in urban areas for Standard Savings Account and Premium Savings Account respectively. from Moneycontrol Business News https://ift.tt/2PAun3U

Exclusive | Gilead Sciences to send 1 lakh Remdesivir vials to India by next week to ease shortage

Consignment is part of 4.5 lakh vials that Gilead Sciences promised to donate to India. The remainder of the consignment will be dispatched in the coming weeks. The Central government will allot the drug to different States, based on demand. from Moneycontrol Business News https://www.moneycontrol.com/news/business/exclusive-|-gilead-sciences-to-send-1-lakh-remdesivir-vials-to-india-by-next-week-to-ease-shortage_15049881.html

Silver futures flat at Rs 67,600 per kg on muted global cues

Silver holdings in iShares ETF were unchanged at 17,650.65 tonnes. The fund NAV is trading at a discount of 0.53 percent. from Moneycontrol Business News https://ift.tt/3eGAGLO

Uber announces cash incentives for vaccinating 150,000 drivers

The company said in a statement, car, auto and Moto drivers on its platform showing valid digital vaccination certificates would be eligible for Rs 400 for each of their two Covid vaccine shots. from Moneycontrol Business News https://ift.tt/2RdITza

Natural gas futures firm at Rs 215.20 per mmBtu on lower inventory buildup

The momentum indicator Relative Strength Index (RSI) is at 65.70 which indicates upbeat movement in the prices. from Moneycontrol Business News https://ift.tt/2PAnUGa

Exclusive | COVID-19 second wave: Amid tussle between hospitals and insurers, 171,000 claims await settlement

The delays in clearing claims are primarily because of disagreements between hospitals and insurance companies over the claim amount and charges imposed. As of April 28, there were 1.1 million Covid-19 health claims worth Rs 15,568 crore filed with insurers. Of these, 930,729 claims worth Rs 8,918.57 crore have been settled. from Moneycontrol Business News https://www.moneycontrol.com/news/business/exclusive-|-covid-19-second-wave-amid-tussle-between-hospitalsinsurers-171000-claims-await-settlement_15049701.html

Lockdown restrictions to hit auto sector; April sales may see double-digit decline

Motilal Oswal said their interaction with leading industry channel partners reflects caution. from Moneycontrol Business News https://ift.tt/2SiflRp

Motherson Sumi Systems gets shareholders#39; nod for proposed group restructuring

In a statement, the company said for the NCLT convened meeting regarding the scheme of reorganisation, the voting results showed that 99.44 per cent of the non-promoter shareholders who voted, were in favour of the proposed restructuring. from Moneycontrol Business News https://ift.tt/3xACXAK

Barclays disperses $1.4 million of COVID medical supplies in India

"We are very focused on India right now, which is our second biggest employee location," Chief Executive Jes Staley told reporters after the bank#39;s first quarter results. from Moneycontrol Business News https://ift.tt/3e3gHI4

Adani Vidya Mandir school in Ahmedabad to be converted into COVID-19 Care Centre, says Gautam Adani

The centre will have oxygen support and other medical amenities from Moneycontrol Business News https://ift.tt/3vze3zB

South Asia Union | Isla Glaister: Support emerging leaders, connect changemakers to build peace in Asia

Peacebuilder and CEO of UK nonprofit The Business Plan for Peace, Isla Glaister offers solutions for peace in South Asia using lessons learnt from her experiences in Myanmar. from Moneycontrol Business News https://www.moneycontrol.com/news/business/south-asia-union-|-isla-glaister-support-emerging-leaders-connect-changemakers-to-build-peaceasia_15048581.html

Cooling products see high demand due to pre-buying ahead of potential price hike

After the strong pre-buying in March, dealers are expecting the sales to moderate. Rising COVID-19 cases could further curtain the sentiments with consumers preferring to save more and opting for need-based purchases. from Moneycontrol Business News https://ift.tt/3u89njU

Weekly Tactical Pick – HCL Tech

Technology tailwinds to help the HCL Tech gain market share from Moneycontrol Business News https://www.moneycontrol.com/news/business/weekly-tactical-pick-–-hcl-tech_15048341.html

Hamara Rahul Bajaj: As he rides into the sunset, the man who gave us Chetak, Priya, Kawasaki and the ubiquitous auto, leaves behind a rich legacy

Credited with making brand Bajaj a household name through the launch of blockbuster models such as the Chetak and Priya in the 1970s, Rahul Bajaj successfully steered the company through The Emergency, License Raj and Economic Liberalisation that began in the 1990s to maintain its position as one of India’s top two and three-wheeler makers from Moneycontrol Business News https://ift.tt/338bng9

Ford Motor to donate 50 lakh surgical masks, 1 lakh N95 masks to help fight COVID-19 in India

The company further said Ford Fund is also donating USD 200,000 (around Rs 1.5 crore) to support organisations providing essential COVID-19 relief in India and Brazil. from Moneycontrol Business News https://ift.tt/3e5bGi9

Explainer: No ransomware silver bullet; task force recommends concerted diplomatic, legal and law enforcement

A public-private task force including Microsoft, Amazon, US National Governors Association, the FBI, Secret Service and Britain and Canada#39;s elite crime agencies on April 29 delivered to the White House an 81-page urgent action plan for an aggressive whole-of-government assault on ransomware. from Moneycontrol Business News https://ift.tt/3vyQhUm

Your wait for Maruti Suzuki car just got a bit longer

Nine-day production shutdown is set to hit delivery schedules; diversion of industrial oxygen by the plant for medical needs is partial trigger for closure from Moneycontrol Business News https://ift.tt/3aQEl8y

Wipro revises revenue guidance for Q1 FY22 to $2,324-2,367 million

Wipro has also revised its growth guidance seen at 8-10 percent from the earlier 2-4 percent, the report added. from Moneycontrol Business News https://ift.tt/330So7p

Online fraud: SBI, ICICI Bank, Punjab National Bank caution customers

These days cyber criminals are using emails, QR code scanners and fake customer care callers as these are some major phishing tools and has advised customers to remain away from such things. from Moneycontrol Business News https://ift.tt/3u1xi4C

Cognizant to contribute $1.5 million towards fight against COVID-19 in India

Cognizant, which has about two lakh employees in India, is also providing an additional USD 2 million (about Rs 15 crore) in emergency funding to UNICEF in India to help address acute shortages in oxygen and deploying medical and testing supplies. from Moneycontrol Business News https://ift.tt/3nxkoJ6

Veterans Unpacked | Gurcharan Das: #39;Make a life, not just a living#39;

#39;Have a purpose in life, and whether in Covid or normal times, retired or working, you’ll know what to do after breakfast each morning.#39; from Moneycontrol Business News https://www.moneycontrol.com/news/business/veterans-unpacked-|-gurcharan-das-39makelife-not-justliving39_15047721.html

IIL all set to roll out Bharat Biotech#39;s Covaxin drug substance by July-August

In an exclusive interaction with Moneycontrol, K Anand Kumar, Managing Director of IIL, told that the technology transfer process is well underway, and the company has the capabilities and expertise to manufacture inactivated viral vaccines at commercial scale and under biosafety containment. from Moneycontrol Business News https://ift.tt/3aQhGJD

US economy grows 6.4% in January-March quarter: Govt

But business reopenings and increased spending also pushed prices higher, with a key inflation measure jumping 3.5 percent in the January-March period, compared to an rise of just 1.5 percent in the prior quarter, the Commerce Department reported. from Moneycontrol Business News https://ift.tt/3aPFSvF

Insurers will now have to authorise COVID-19 cashless claims within 60 minutes

A Delhi High Court order dated April 28 directed IRDAI to advise insurers to communicate their cashless approvals to hospitals within 30-60 minutes. from Moneycontrol Business News https://ift.tt/3u5t3F5

Gold price slips for 6th day to Rs 46,971/10 gm on firm rupee, bond yields

The broader range on COMEX could be between $1775- $1798 and on the domestic front, prices could hover in the range of Rs 47,000- Rs 47,550, said Damani. from Moneycontrol Business News https://ift.tt/3t2lsWO

TVS Motor steps on the investment pedal for electric vehicles

Company plans to sell its only electric two-wheeler, iQube, in more than 20 new cities. A substantial portion of the Rs 600-crore capex lined up for the year will be routed to EVs and emerging technologies, says CEO. Priced at Rs 1,20,000 in Bengaluru, the iQube clocks monthly sales of 250-300 units in the city. from Moneycontrol Business News https://ift.tt/3gPizGe

Amid COVID chaos and protests, India#39;s farmers eye record wheat crop

Indian Farmers are on track to gather a record 109 million tonnes this year, posing more headaches for a government that some experts say underestimated the strength of rural anger. from Moneycontrol Business News https://ift.tt/3aOL8Qi

Ageas Federal Life FY21 profit dips 20% to Rs 119 crore, total premium up 6%

The insurer said in a statement said that the growth was driven by a 24 percent YoY rise in individual new business premium to Rs 504 crore and a 4 percent YoY rise in renewal premium to Rs 1,327 crore. from Moneycontrol Business News https://ift.tt/32VSYDv

Salesforce CEO Marc Benioff to send medical supplies to India

The CEO said that the company will be loading Boeing 787 with medical supplies and will land it in India next week. The 787 Dreamliner is Boeing#39;s most fuel-efficient plane. from Moneycontrol Business News https://ift.tt/3aQGAch

Zomato IPO: Take a look at how much company#39;s top executives earned in FY2021

Food delivery platform Zomato is set to raise Rs 8,250 crore through an initial share sale. Take a look at the salaries of top employees in FY2021. from Moneycontrol Business News https://ift.tt/3vkOEK6

SBI earmarks Rs 30 crore to set up makeshift hospitals for COVID patients

The bank has already earmarked Rs 30 crore and is engaging with non-governmental organisations (NGOs) and hospital management for setting up medical facilities on an emergency basis for the treatment of COVID-19 patients, SBI Chairman Dinesh Kumar Khara told PTI. from Moneycontrol Business News https://ift.tt/3eHfNjA

Natural gas futures slide nearly 1% to Rs 218.80 per mmBtu on warmer weather

The commodity has been trading higher than 5, 20, 50, 100 and 200 days#39; moving averages on the daily chart. The momentum indicator Relative Strength Index is at 66.49 which indicates bullish movement in the prices. from Moneycontrol Business News https://ift.tt/3aMRBeH

The Exxon of Green Power: A Spanish company and its boss set sky-high goals

Iberdrola is now the world leader in combined wind and solar power outside China, according to Bernstein, a market research firm. from Moneycontrol Business News https://ift.tt/3xArKQI

Byju’s in talks to acquire Great Learning, Gradeup for $400 million: Report

Conversations with both the companies have reached the post-term sheet stage and the deals could be closed by May, Entracker has said. from Moneycontrol Business News https://www.moneycontrol.com/news/business/byju’stalks-to-acquire-great-learning-gradeup-for-36400-million-report_15045961.html

JSW Steel to supply 1,000 tons of liquid medical oxygen per day from April 30

Responding to the surge in demand for LMO,the company has ramped up production and would commence supply of 1,000 tons per day from April 30, it said in a statement on Thursday. from Moneycontrol Business News https://ift.tt/3xyjyAB

Vedanta pledges Rs 150 crore to help India fight against COVID-19

"Anil Agarwal...has pledged Rs 150 crore to help the country in its fight against the rapidly spreading second wave of COVID-19," Vedanta said. from Moneycontrol Business News https://ift.tt/3xAvRwn

No child left behind: Come 2023, schools will no longer rank students merely on marks scored in exams

The Education Ministry wants schools to promote multi-disciplinary education by having a 50-50 balance of academics with other activities such as sports, literature, martial arts, music and dance. Students will be assessed on aspects such as their participation in extra-curricular activities, inter-school competitions, sporting prowess and basic etiquette. Classroom interactions will also be closely monitored. from Moneycontrol Business News https://ift.tt/3xBezyX

Panchayats bar sale of soft drinks, ice-creams in villages over COVID-19 fear: Report

Panchayats have also curtailed opening hours of shops in many villages and barred the entry of outsiders. from Moneycontrol Business News https://ift.tt/32Z8pe4

IIT Bombay pilots technology to convert nitrogen into oxygen

This is being done by fine-tuning the existing Nitrogen Plant setup and changing the molecular sieves from Carbon to Zeolite. from Moneycontrol Business News https://ift.tt/3vz2Orf

Steel Strips Wheels bags orders worth Rs 25 crore from US, Europe

The export orders of over 170,000 wheels for US and EU are for caravan trailer market, US mobile home and US Truck trailer markets, SSWL said in a regulatory filing. from Moneycontrol Business News https://ift.tt/3eFvxnd

Goldman Sachs commits additional $10 million to support COVID relief efforts in India

The US-headquartered firm will provide support for frontline health facilities in cities such as Bengaluru, Hyderabad, Mumbai and New Delhi, including ongoing vaccination efforts through the help, an official statement said. from Moneycontrol Business News https://ift.tt/3xGNpqL

Indian markets dangerously resist virus resurgence

Fund managers have turned net sellers of local equities after six months of inflows. The benchmark Nifty 50 just had its best day in almost a month, however, and the MSCI India Index is up over the period too. from Moneycontrol Business News https://ift.tt/32Zn3Ss

Axis Bank board approves re-appointment of Amitabh Chaudhry as MD CEO

"The board of directors of the bank.. considered and approved the proposal relating to re-appointment of Amitabh Chaudhry as the Managing Director and CEO of the bank, for a further period of 3 years, with effect from January 1, 2022 up to December 31, 2024," Axis Bank said in a regulatory filing. from Moneycontrol Business News https://ift.tt/3nuXu5f

Syngene targets delivering 500,000 vials of Remdesivir in India as COVID-19 surges

"At the moment we are operating at near maximum capacity (to produce remdesivir)," Chief Executive Officer Jonathan Hunt told Reuters on Wednesday. from Moneycontrol Business News https://ift.tt/3ns4C28

Roche seeks emergency use approval of antibody cocktail to treat COVID-19 patients

The company on Wednesday said that it is also working urgently to increase manufacturing capacity and supply by ramping up our own production network, as well as actively collaborating with external partners to maximize production of Actemra (Tocilizumab) wherever possible with the goal of increasing its availability. from Moneycontrol Business News https://ift.tt/3nAN8AP

FinMin relaxes COVID-relief material import norms for Indian Red Cross

In instruction to field offices, the Central Board of Indirect Taxes and Customs (CBIC) said in the wake of the extraordinary situation arising out of the COVID pandemic, the issue of providing seamless clearance to such relief material received from foreign governments and imported by the Indian Red Cross Society was discussed in a meeting chaired by the Cabinet Secretary on April 27. from Moneycontrol Business News https://ift.tt/3tZXWL7

Retailers Association of India urges govt to extend ECLGS benefits to retailers

Putting forward a series of demands, RAI said around 80 percent of the retail stores are closed due to various restrictions across states and almost Rs 75,000 crore could turn NPA if urgent measures to ease the working capital challenges are not taken by the Reserve Bank and the Centre. from Moneycontrol Business News https://ift.tt/3nBbhY8

Future Wise | Crash testing jobs are up for grabs, but do you have the skills?

In this episode of Future Wise, Moneycontrol#39;s M Saraswathy talks to Surya P, Co-founder CEO, Skill-Lync to find out details about the specialised course that the edtech firm has launched on #39;Crashworthiness#39;. Listen in for more. from Moneycontrol Business News https://www.moneycontrol.com/news/business/future-wise-|-crash-testing-jobsup-for-grabsdo-you-haveskills_15042201.html