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Showing posts from October, 2021

Petrol, diesel prices hiked for sixth consecutive day

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In the national capital, with a hike of 35 paise a litre, the price of petrol rose to Rs 109.69 per litre while the price of diesel was increased by the same amount to cost Rs 98.42. In Mumbai, the prices of petrol and diesel increased to Rs 115.50 and Rs 106.62 per litre respectively. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3ByU86L

Coca-Cola to buy out sports drink brand BodyArmor: report

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Banks with 95% cards implement RBI order on recurring payments

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Value of FPI stake in Indian cos at record Rs 55 lakh crore

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The total value of investments by foreign portfolio investors (FPIs) in India crossed the Rs 50-lakh-crore mark as of September this year, although their combined holding in companies listed on the NSE, at 21.5%, was at a five-quarter low at September-end. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3ByIBnZ

White-collar job openings rise to 20-month high

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In a boost to hiring sentiment, October 2021 has emerged as the strongest month with active white-collar job openings crossing the 3-lakh mark for the first time in over 20 months, according to staffing specialist staffing firm Xpheno’s report. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3BskerP

Airlines fly 3.38 lakh: Highest per day volume since March 2020

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With Dussehra and then Diwali falling in the same month this year, domestic airlines saw a sharp upswing in passenger traffic for the second time in October. Domestic airlines had carried a record 3.27 lakh passengers on the Sunday after Dussehra and now on the weekend before Diwali, a new record has been set, what with 3.38 lakh passengers boarding over 2,500 domestic flights on Saturday, the highest per day volume of passengers and flights flown since March 23 last year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3bsMNes

Record FASTag collection points to recovery road

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The toll collection through FASTags touched an all time high in a day at Rs 122.3 crore on Saturday, an indication of more economic activities and transport related activities particularly during the festive season. An overall trend also shows that the total revenue increased on all days during last week compared to the previous one. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3mvYiYD

Govt in talks to woo top makers of semiconductors

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India will roll out a mega multi-billion-dollar capital support and production-linked incentive plan to push manufacturing of semiconductors in the country, the move coming at a time when industries across sectors face massive production cuts due to global chip shortage, top sources have said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3GBn3e7

In a first, personal loans beat credit to industry

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The share of personal loans in bank credit has for the first time overtaken overall loans to the industry sector during the second quarter of the current financial year. This has happened with loans to industry as of end-September 2021 shrinking by Rs 66,239 crore over March 2021 levels, while loans to individuals grew Rs 73,011 crore during the period. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3mxeTLI

Air India's Rs 5k crore unpaid fuel bills weigh on oil companies

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Air India’s unpaid fuel bills of about Rs 5,000 crore is weighing on fuel retailers who need extra cash for buying more dollars to pay for costlier crude at a time when demand is picking up. Industry executives said they were yet to hear from the government on the timeline for payment, though the Centre has said it would take over the carrier’s total dues of nearly Rs 16,000 crore and non-core assets through a holding company before the Tatas take over. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Y1f9Js

Finance ministry issues uniform norms for accountability to protect bonafide decision of bankers

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FPIs turn net sellers in October; pull out Rs 12,278 crore

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Five IPOs to hit mkt in first half of Nov; seek to raise over Rs 27k crore

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After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and policybazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively. The IPOs of FSN E-Commerce Ventures Ltd, which runs Nykaa, and Fino Payments Bank are currently open for public subscription. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3nCZhFS

At Rome summit, Joe Biden seeks fixes for supply chain kinks

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Excise collection 79% more than pre-Covid levels

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Govt concerned about inflation, will control it in time: Pradhan

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Saudi Aramco sees third-quarter income rise to $30.4 billion

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Saudi Arabia's majority state-owned oil giant Aramco said its net income rose by 158% from $11.8 billion during the same three-month period a year earlier. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3By13Nr

Govt invites applications for post of Sebi chairman

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Power ministry proposes amendments in EC Act

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"Amidst the growing energy needs and changing global climate landscape, the government of India has identified new areas to achieve higher levels of penetration of renewable energy by proposing certain amendments to the Energy Conservation Act, 2001," a power ministry statement said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3BtQ1bV

Jio-Google's new smartphone fails to impress experts

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Govt's vaccine spends set to scale 50,000cr

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Adani buys 20% stake in Cleartrip

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Godrej Group headed for family split

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Shaktikanta Das not the first RBI governor to be reappointed

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Sixty-four-year-old Shaktikanta Das has been reappointed as governor of the Reserve Bank of India (RBI) for another term of three years, with effect from December 10, 2021. Das is not the first governor to have been reappointed. Sir Benegal Rama Rau, a member of the Indian Civil Service, was the longest serving governor of the central bank. His tenure lasted from July 1, 1949 to July 14, 1957. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3nEmOq2

Govt approves 8.5% interest rate on provident fund for FY21

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The government has approved 8.5 per cent rate of interest on employees' provident fund for the 2020-21 fiscal, a source said. In March last year, the EPFO had lowered interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent in 2018-19. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3vVYbsm

What 'Google search' data shows about India's services consumption

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The research analyses 'Google search' data of representative top brands in various services segment to gauge "consumption intent". from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3mn90AM

Explained: What happened with IRCTC shares today

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Shares of Indian Railways Catering and Tourism Corp (IRCTC) recouped most of their early losses. It closed 7.45 per cent lower at Rs 845.65 on the BSE and 7.74 per cent down at Rs 842.8 on the NSE. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3jIXazd

Sensex falls 678 points as banking, IT shares drag; Nifty ends below 17,700

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Equity indices extended losses for the third straight day on Friday with the benchmark BSE sensex falling over 650 points dragged by banking and IT stocks. The 30-share BSE index fell 678 points or 1.13 per cent to close at 59,307. While the broader NSE Nifty settled 186 points or 1.04 per cent lower at 17,671. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3mnLH9Q

Gold demand surges 47% in July-Sept

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Day 1: Nykaa IPO fully subscribed

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The Rs 5,352-crore initial public offer (IPO) for FSN E-Commerce Ventures, the company that operates under the Nykaa brand name, was fully subscribed on the day it opened with the retail portion sold out within the first hour itself. On Wednesday, it raised Rs 2,396 crore from 174 institutional buyers (anchor investors). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3pLj88n

IRCTC recovers after govt cancels revenue share plan

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The uncertainty related to IRCTC can weigh on investors’ faith in Prime Minister Narendra Modi’s reform agenda, including his plans to divest national assets and carry out an initial public offering of insurance giant Life Insurance Corporation of India. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3EpnVAy

Apple doubled its India business last fiscal: CEO Cook

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Shaktikanta Das reappointed RBI chief for three-year term

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A career bureaucrat, Das was first appointed in 2018, after his predecessor Urjit Patel quit amid worries the government was encroaching on the central bank’s turf. Under Das, 64, the central bank endeavored to support growth and maintain liquidity through the worst of the pandemic by slashing interest rates and pursuing quantitative easing. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ZzCW4a

Sensex plunges over 700 points in early trade; Nifty sinks below 17,700

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Govt hikes variable dearness allowance for central sphere workers

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D-St to raise record 31k cr from deluge of IPOs in 2 wks

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Evergrande makes coupon payment before Friday deadline

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Gold demand surges 47% in July-Sept

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Sensex crashes 1k points, below 60k

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Now, market research analysts eligible for H-1B visas

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In a major victory for H-1B employers, a federal court has approved a settlement under which the US Citizenship and Immigration Services has agreed to qualify market research analyst as a speciality occupation for the purposes of determining H-1B visa application of a foreign professional. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3jOvlFz

Govt to take 50% of convenience fee from IRCTC

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Jana Small Fin Bank ropes in ex-Irdai chief

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Day 1: Nykaa IPO fully subscribed

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If attrition comes down, we will grow even more: Cognizant India MD

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Let rupee gain to contain imported inflation, boost exports: Report

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The RBI should let the rupee rally against the dollar to contain imported inflation coming in mainly from crude prices and help push exports, as the current account risks from rising oil price can be contained at 1.4 per cent of GDP, according to a report. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3jO6SAh

Low cost space in India is getting crowded: IndiGo CEO Ronojoy Dutta

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The CEO of India’s largest low cost carrier (LCC) IndiGo Ronojoy Dutta feels that the low cost space is getting crowded with Rakesh Jhunjhunwala’s Akasa set to make its debut early next year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3mlvKku

Govt seeks details of FB's algorithms amid hate speech allegations

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Amid allegations of Facebook's system fuelling hate speech and fake news, the government has asked the US-based social media giant to provide details of algorithms and processes used by it, sources aware of the matter said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3EnMUEm

Premji donated Rs 27cr per day in FY21, retains top giver rank

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Premji, the founder chairman of the company, increased his donation by nearly a fourth during the pandemic year, as per the Edelgive Hurun India Philanthropy List 2021, which had HCL's Shiv Nadar at second place with contributions of Rs 1,263 crore towards upliftment causes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3moIVBg

Morgan Stanley downgrades Indian equities over valuations

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Morgan Stanley downgraded Indian equities to equal-weight from overweight on Thursday due to expensive valuations, and said it expects the market to consolidate ahead of potential "short-term headwinds". from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3Bid3m8

Nykaa IPO subscribed 1.55 times on first day of offer

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The initial share-sale of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, was subscribed 1.55 times on the first day of subscription on Thursday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/31c7aKU

IndiGo reports 7th straight quarterly loss in Q2

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The pandemic has sent what was once India’s only profitable airline, IndiGo, in deep red. The low cost carrier (LCC) on Tuesday reported its events straight quarterly loss of Rs 1,435.7 crore in July-September, 2021, widening from a loss of Rs 1,195 crore in same period last year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3ml97N4