BUSINESS
NABARD sanctions Rs 206 cr for 25 road projects in Odisha
The assistance has been sanctioned under the Rural Infrastructure Development Fund (RIDF) for 25 rural road projects in 11 districts across the state, said NABARD's Odisha region office in a statement. The projects with a combined length of 203 km will improve rural road connectivity for 20.48 lakh people in 1723 villages.
Panchjanya calling Amazon as East India Company corroborates CAIT's view
CAIT said that it's a matter of fact that the business model of these two companies are similar to that of East India Company selling goods at a cheaper rate irrespective of the quality dominating their choice and making them habitual of purchasing cheap goods, killing competition and then enter into crony capitalism and monopolise the market in their favour and then selling goods at a higher price.
India, Taiwan in bilateral talks to solve chip shortage; China on its toes
If an agreement is reached between both countries, tariffs on components for producing semiconductors would be reduced significantly by the end of the year. This move will anger China, which considers Taiwan as a part of its sovereign nation. Currently, Taiwan produces 23.75% of the world’s chips.
Top 10 performing Indian banks of 2021
However, Bombay Stock Exchange’s (BSE) Bank index Bankex has underperformed with around 21% gains in comparison to the Sensex which gained by 25.44% in the same time period. Indian Overseas Bank and State Bank of India are the top 2 banking gainers in 2021, so far. Here are the top 10 performing banks in 2021:
Tata Motors gears to 'Punch' in new models
In a conversation with IANS, Shailesh Chandra, President, Passenger Vehicles Business, Tata Motors said: "Demand started growing in June 2021 once the scare of second wave of Covid-19 was over.
Tejas Network set to become India's own Huawei, bags Airtel order for optical network expansion
Tejas Networks on Friday announced that telecom giant Bharti Airtel chose Tejas to expand Airtel’s optical network in key metropolitan cities. In a statement, Airtel said that the tie-up with Tejas networks comes as a part of the 5G roadmap that the telecom giant is planning for India.
IFIN to sell 62 NPA accounts worth Rs 4.3K cr
The sale of NPA would be done under Swiss Challenge with the new board already having received a binding bid. Under this method of bidding, the seller who have already received a bid, publishes the bid and invite third parties to match or better it. The process also allows the entity which submitted the first bid then to match or better the best bid which comes out of the Swiss challenge process.
Asian cues lift indices; realty stocks rise
Besides, higher crude oils and commodity prices provided additional support to the upward trajectory. Sector-wise, realty, auto and bank stocks gained the most whereas power and IT scrips lost the most. At around 10.30 a.m., S&P BSE Sensex traded at 60,142.17 points, higher by 93.70 points or 0.16 per cent from its previous close.
Markets open on positive note; Nifty just short of 18K-mark
Accordingly, the 30-scrip sensitive index traded at 60,302.67 points at 9.25 a.m. after the pre-open session. The Sensex opened at 60,303.7 points from its previous close of 60,048.4 points. Besides, the NSE Nifty50 traded above the 17,900 points-mark.
Diesel price rises for 2nd consecutive day, petrol stable
Accordingly, diesel prices increased by 25 paisa per litre in the national capital to Rs 89.32 per litre on Monday, while petrol prices remained unchanged for the 22nd consecutive day, according to Indian Oil Corporation, the country's largest fuel retailer.
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