Sensex zooms 700 points, RIL up 2% (2nd Ld)

Mumbai, Jan 19 (IANS) The Indian equity indices continued their upward trajectory during the afternoon trade on Tuesday, with the BSE Sensex gaining over 700 points. The across-the-board rise was led by healthy buying activity in auto, finance, capital goods and oil and gas stocks Surge in the index-heavyweights Reliance Industries (RIL) and HDFC led […]

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CSC partners Sterlite Technologies to train 1L VLEs

New Delhi, Jan 18 (IANS) The Common Services Centers (CSC) has partnered with Sterlite Technologies Limited (STL) to train one lakh Village Level Entrepreneurs (VLEs) for maintenance of the BharatNet, telecom infrastructure across the country, to strengthen availability of reliable internet to the citizens enabling their participation in digital governance and economy. The training on […]

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‘Amazon Academy’ launched to aid students with JEE preparations

New Delhi, Jan 13 (IANS) Amazon India on Wednesday announced launch of ‘Amazon Academy’ to help students preparing for the Joint Entrance Examination (JEE) for entrance to engineering colleges. In a statement, Amazon India said that the online preparation offering will equip students with in-depth knowledge and practice routines required for the JEE, through curated […]

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BSES discoms Pay Rs 400 crore to APCPL

New Delhi, Jan 11 (IANS) BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) have resolved the matter with Aravali Power Corporation Private Limited (APCPL) and have paid Rs 352.27 crore and Rs 47.34 crore, respectively, as per the demand, A BSES spokesperson said on Monday. The spokesperson added that discoms are committed […]

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India now looks to build strategic gas reserve

By Subhash NarayanNew Delhi, Jan 10 (IANS) After oil, India may now build strategic reserve of natural gas to further strengthen the country’s energy security and shield itself from supply disruptions and frequent price fluctuations coming from perennial political risks in the prime energy supplying countries in the Middle East and Africa. The reserve will […]

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Macro-data to drive equities, Q3 results to give directions

By Rohit VaidMumbai, Jan 10 (IANS) Macro-economic data points along with expectations of healthy quarterly results and developments surrounding the rollout of anti-Covid vaccine are expected to give further imputes to the current market rally. However, observers cited that even volatility on account of profit booking will likely trigger in bottom fishing, thereby reigniting the […]

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Hopes on healthy Q3 season, global cues pushes market to record highs (Roundup)

Mumbai, Jan 8 (IANS) Favourable global cues, along with positive domestic macro economic data and expectations of a healthy earning results’ season, pushed the Indian equity indices higher on Friday. The Nifty opened at record highs and continued its positive momentum throughout the day’s trade session. Globally, Asian shares rose to record highs on Friday […]

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Flipkart to set up first training centre for e-commerce logistics

Bengaluru, Jan 7 (IANS) Flipkart, Indias homegrown e-commerce marketplace, on Thursday announced an MoU with the Logistics Skill Sector Council (LSC), an organisation set up by the Ministry of Skill Development and Entrepreneurship (MSDE) through National Skill Development Corporation of India (NSDC) and Karnataka Skill Development Centre (KSDC). As part of this MoU, Flipkart has […]

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Equity indices rise, Nifty hits fresh high

Mumbai, Jan 7 (IANS) The key Indian equity indices opened on a positive note on Thursday with the Nifty50 on the National Stock Exchange (NSE) hitting a fresh all-time high. Nifty touched a new record high of 14,256.25 points. Healthy buying was witnessed in metal, realty, capital goods and banking stocks. Further, a positive trend […]

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Spectrum auctions to start on March 1

New Delhi, Jan 6 (IANS) The Department of Telecommunications (DoT) has announced that the next round of spectrum auctions will start on March 1. As per the Notice Inviting Applications issued on Wednesday, telecom companies can apply till February 5. The final list of the bidders will be declared on February 24 and bids will […]

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Vaccine High: Sensex to summit 50k mark, budget to give added boost (IANS Special)

By Rohit VaidMumbai, Jan 5 (IANS) India’s bellwether index — Sensex — is expected to cross the 50,000 points-mark, even before the first FY22 budgetary announcements are made, as investors, both foreign and domestic, have bet big on the upcoming vaccination drive and quarterly earning season. Besides, seasonal factors such as active FII inflows, abundant […]

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Buying on Dips: Markets bounce back after initial slide, IT stocks shine (Ld)

Mumbai, Jan 5 (IANS) The Indian equity market continued its positive momentum during Tuesday’s intra-day trade. The market’s up-move comes after global cues subdued investors’ sentiments. Subsequently, investors dived into the market to buy stocks in decline which triggered another uplift. Amongst sectors, some losses were witnessed in the Metal, Auto and Realty indices. However, […]

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Hyderabad startup Pure EV’s AI tech to auto repair Li-Ion batteries

Hyderabad, Jan 4 (IANS) Pure EV, the electric vehicle vertical of Indian Institute of Technology – Hyderabad (IIT-H) incubated city startup Purenergy, has developed BaTrics Faraday, an artificial intelligence (AI)-based hardware which can automatically identify and repair defects in Lithium Ion (Li-Ion) batteries of electric vehicles. BaTrics Faraday obviates the need for a customer to […]

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Govt to kick off Sagarmala Seaplane Services project

New Delhi, Jan 4 (IANS) The Union Ports, Shipping and Waterways is initiating the process of commencing operations of the seaplane services, on the select routes, under a Special Purpose Vehicle (SPV) framework through prospective airline operators. The project execution and implementation of the “Sagarmala Seaplane Services (SSPS)” would be through the SPV with the […]

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SC asks banks to finalise proposals to finance unfinished Amrapali projects

New Delhi, Jan 4 (IANS) The Supreme Court on Monday directed the counsel representing various banks, along with officials concerned, to meet the court-appointed receiver to finalise the proposal for financing of the unfinished Amrapali projects. The receiver, senior advocate R. Venkataramani, informed a bench comprising Justices U.U. Lalit and Ashok Bhushan that he is […]

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Earning Support: Hopes of healthy Q3 results, vaccine rollout to lift equities (Market Outlook)

By Rohit VaidMumbai, Jan 3 (IANS) Expectations of healthy quarterly results along with FII inflows’ supportive global cues and developments over fast anti-Covid vaccine rollout will power the accelerated rise in Indian equities at least in the near future. Accordingly, a positive earning outlook on many sectors will sustain investors’ interest in the market. Besides, […]

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International flights to remain suspended till Jan 31, 2021

New Delhi, Dec 30 (IANS) Centre on Wednesday extended the suspension of scheduled commercial international flight operations to and from India till January 31. “This restriction shall not apply to international all-cargo operations and flights specifically approved by DGCA (Directorate General of Civil Aviation),” an official statement said on Wednesday. “However, international scheduled flights may […]

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New record highs: Markets continue to rise, banking stocks shine (Roundup)

Mumbai, Dec 29 (IANS) The improving economic scenario, along with healthy buying in private banking sector stocks, pushed India’s key equity indices to breach new record intra-day and closing highs on Tuesday. Besides, a small intra-day correction pulled in fresh foreign funds. The strong FII inflows have continued their holiday shopping and have relentlessly bought […]

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Auto retail expected to log YoY growth from April 2021: FADA

By Rohit VaidNew Delhi, Dec 29 (IANS) India’s pandemic-battered automobile retail segment is expected to log year-on-year (YoY) growth only from April 2021, Federation of Automobile Dealers Associations’ President Vinkesh Gulati said. In a conversation with IANS, he said that he expected continuation of the month-on-month growth during the first quarter of CY2021, but not […]

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Stocks attract over $22bn as India emerges among best performing EMs (IANS Special)

By Rohit VaidMumbai, Dec 27 (IANS) The Covid-19 virus not only triggered a worldwide pandemic, but also opened the floodgates for investments in the countrys equity market. All in all, not only did the overall capitalisation of India’s domestic market increased, the country’s key indices emerged among the best performing emerging markets (EMs). Initially, the […]

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Neutral-to-positive impact of RBI’s draft circular on govt-owned NBFCs: Report

New Delhi, Dec 26 (IANS) The Reserve Bank’s recent draft circular on declaration of dividends by non-banking financial companies (NBFCs) will have a neutral-to-positive impact on government-owned NBFCs, India Ratings and Research (Ind-Ra) said. According to a Ind-Ra report, the new move will help government owned NBFCs to strengthen their balance sheets by improving their […]

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No revision in petrol & diesel prices

New Delhi, Dec 26 (IANS) Petrol and diesel prices remained unchanged on Saturday as oil marketing companies continued to maintain a wait and watch stance amid range-bound global oil prices. Accordingly, the pump price of petrol remained at Rs Rs 83.71 a litre and diesel Rs 73.87 a litre in Delhi on Saturday. Across the […]

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Markets rise on global cues, lower level buying, banking stocks rise (Ld)

Mumbai, Dec 24 (IANS) Lower level buying after a short-lived intra-day correction pushed the Indian equity market higher during the late-afternoon trade session on Thursday. Accordingly, the Indian stock market opened with a ‘gap up’, however after maintaining a steady rise it faced resistance, and could not maintain the initial gains. All sectoral indices traded […]

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FTMF unit-holders listen to conscience before voting on 6 shut debt funds: CFMA

New Delhi, Dec 24 (IANS) Standing up for the interests of unit-holders of Franklin Templeton Mutual Fund (FTMF), the Chennai Financial Markets and Accountability (CFMA), an investor protection body fighting for the cause of investors, on Thursday advised them to listen to conscience before participating in the electronic voting to be held on December 26-28. […]

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PSU asset monetisation likely to get fillip in Budget FY22

New Delhi, Dec 23 (IANS) The pandemic has created severe pressure on the government’s coffers, thereby making asset monetisation and disinvestment the Centre’s priorities to raise revenue. Government’s asset monetisation programme involving development and sale of surplus land parcel and other non-core assets of central public sector enterprises (PSEs) is expected to be a big […]

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NBFCs improve securitised pool collections to pre-pandemic levels after moratorium

New Delhi, Dec 23 (IANS) Extensive recovery efforts by non-banking financial companies (NBFCs) coupled with the recent uptick in economic activity, has lifted the median collection efficiency ratios of CRISIL-rated securitised pools for the November 2020 payouts (October 2020 collections) to their highest levels in fiscal year 2021, and near pre-Covid pandemic levels for most […]

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