BUSINESS
Petrol, diesel prices maintain rally, rise again by 28-31 paise/ltr
This is fourth increase in fuel prices in as many days as petrol and diesel prices rose by 15 paise and 18 paise per litre respectively on Tuesday and by 19 paise and 21 paise per litre respectively on Wednesday and by 25 and 30 paise respectively on Thursday after a 18 days break. With Friday's increase, petrol is now being retailed at Rs 91.27 a litre and diesel Rs 81.73 a litre in the national capital.
Vedanta to set up 2 Covid hospitals in Karnataka soon
"The field hospitals in both towns will be equipped with critical care facilities, including 20-bed intensive care units (ICUs) and 180 oxygenated beds," said the Mumbai-based company in a statement here. The Vedanta hospitals will support the state government's efforts to contain the virus spread by working with the local communities, it said.
Revenue Deficit Grant of Rs 9,871 cr released to 17 States
The Centre provides the grant to the states under Article 275 of the Constitution. The grants are released as per the recommendations of the Finance Commission in monthly instalments to meet the gap in revenue accounts of the states post-devolution. The 15th Finance Commission has recommended PDRD grants to 17 states.
Power market beats pandemic, April trade up 90.2% YoY
While the growing electricity consumption has been one of the key factors behind the consistent performance of the Exchange, its robust value proposition in terms of the most competitive prices, flexible, and efficient procurement positions it as the most preferred destination for power procurement for both the distribution utilities as well as the industrial consumers.
Equity market ends in green; auto, metal stocks surge
The BSE Sensex closed at 48,949.76, higher by 272.21 points or 0.56 per cent from its previous close of 48,677.55. It had opened at 48,877.78 and touched an intra-day high of 49,011.31 and a low of 48,614.11 points. The Nifty50 on the National Stock Exchange closed at 14,724.80, higher by 106.95 points or 0.73 per cent from its previous close.
Raymond has transitioned to more advanced digital value chain: Gautam Hari Singhania
In an interview with IANS, Singhania said: "Until the second wave swamped us sometime around February end, we were witnessing healthy signs of recovery and moving towards pre-pandemic levels. However, varied localised restrictions across states to curtail the spread of pandemic has resulted in the industry facing similar issues that we faced last year."
Non-residents will be taxed if transaction value exceeds Rs 2 cr
The Central Board of Direct Taxes has notified new rules for the operation of business by non-residents under which any transaction over Rs 2 crore (apex $27,100) in respect of any goods, services or property carried out by them with any person in India including the provision of download of data or software in India, will attract tax in India.
ArcelorMittal reports 'strongest quarter in a decade'
In a statement, the Steel giant ArcelorMittal said that the first quarter of 2021 was its strongest quarter in a decade. The operating performance significantly improved in Q1 2021, reflecting the continued demand recovery which supported a 6.5 per cent sequential increase in steel shipments, it said.
Global TWS market to see 33% growth in 2021, Apple set to lead
The global TWS (True Wireless Stereo Headset) market is expected to grow 33 per cent (year-over-year) in 2021, reaching 310 million units, according to a new report. Apple will remain a leader selling around 84 million units but still lose share by 4 per cent. Apple was expected to defend its top position despite its market share decline from 31 percent to 27 percent.
Sensex pares gains to turn flat; auto stocks up
Healthy buying was witnessed in auto and metal stocks. At 10.45 a.m., Sensex was trading at 48,706.58, higher by 29.03 points or 0.06 per cent from its previous close of 48,677.55. It touched an intra-day high of 48,898.68 and a low of 48,614.11 points. The Nifty50 on the National Stock Exchange was trading at 14,646.60, higher by just 28.75 points or 0.2 per cent from its previous close.
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