BUSINESS
Equities settle sharply low on global cues; Nifty IT, realty among losers
On Friday, Sensex settled at 58,153 points, down 1.3 per cent or 773 points, whereas Nifty settled at 17,375 points, down 1.3 per cent or 231 points. All the Nifty sectoral indices declined sharply on Friday, with Nifty IT, PSU Bank, and realty declining the most, exchange data showed.
EU economy should be back on track after winter slowdown: Official
"The EU as a whole reached its pre-pandemic level of GDP in the third quarter of 2021 and all Member States are projected to have passed this milestone by the end of 2022," said a statement on the forecast.The EU's economy grew by 5.3 per cent in 2021.
Review of 'serious allegations' on, trust the Board: New BharatPe CEO
Assuring them to have a "trust" in the Board, Suhail said that it is his "commitment, also on behalf of the wider leadership, that we'll emerge stronger from all this". He said the company will set up a town-hall meeting towards the end of this month to "share updates about governance review" and other announcements.
'This Budget forward looking, has vision for India at 100': Nirmala Sitharaman
Replying to the general discussion on the General Budget 2022-23, she said that stable and sustainable recovery was one of the motives for this Budget and highlighted the importance of emphasizing digital technology in governance that will help in transparency in governance beyond easing the process for the common man.
US inflation hits fresh record in nearly 4 decades
The consumer price index (CPI) last month rose 0.6 per cent from the previous month and 7.5 per cent from a year earlier, the largest 12-month increase since June 1982, according to the Department's Bureau of Labour Statistics. The latest data marked a new high after the CPI in December rose 0.5 per cent from the previous month and 7.0 per cent from a year earlier, reports Xinhua news agency.
Biden allocates $5bn for EV charging network amid China threat
The US Congress has approved $7.5 billion for EV charging infrastructure as part of the bipartisan infrastructure law, $5 billion of which will be available to states to create a "network of EV charging stations along designated Alternative Fuel Corridors, particularly along the Interstate Highway System", the administration said late on Thursday.
Equities trade negative in early trade; Sensex, Nifty slip over 1%
Friday's decline is evidently due to profit booking. At 9.40 a.m., Sensex traded at 58,269 points, down 1.1 percent or 657 points from the previous close, Nifty traded at 17,398 points, down 1.2 percent or 207 points from the previous close. Among stocks, Infosys, Tech Mahindra, Wipro, Titan, and Bajaj Finance were the top five losers in the early trade, NSE data showed.
Karan Adani meets Mamata Banerjee, discusses investments
The meeting comes soon after Gautam Adani had met Banerjee. Senior state government officers, including Chief Secretary H.K. Dwivedi were present at Thursday's meeting. The meeting, prior to the state government's annual global business meet, is significant because sources in the CMO said that the duo had discussions regarding the construction of the proposed deep-sea port at Tajpur.
Thums Up puts 'Thunder' into Coke India's performance, becomes $1 bn brand
As per the Coca-Cola company's global 'Fourth Quarter and Full-Year 2021' results, the cola brand has put the "Thunder" back into Coke India's performance. The brand was introduced in India at the time of Coke's departure from the country in 1977. It was bought by Coca-Cola India in 1993 after it made the re-entry into the country post economic liberalization.
Hero MotoCorp's standalone Q3FY22 net profit down 36.71%
The company's standalone net profit during the period under review fell to Rs 686 crore from Rs 1,084 crore reported for Q3FY21. Besides, the company's consolidated PAT for the quarter decreased to Rs 704 crore from Rs 1,708 crore during the corresponding period of FY21.
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