BUSINESS
Lower inflation target to hurt growth, but will bring financial stability: RBI study
"The policy makers may choose to set the inflation target below the threshold level, but only by consciously sacrificing long-term real growth of GDP and hence the adverse impact on the rate of poverty alleviation," said the study titled 'Threshold Level of Inflation - Concept and Measurement'
India attracts highest-ever FDI inflow in pandemic year FY21
The country attracted total FDI inflow of $81.72 billion in FY21, 10 per cent higher as compared to the last financial year 2019-20 at $74.39 billion, it said. Measures taken by the government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country, the Commerce Ministry statement said.
Fuel prices rise paused again, rate static on Monday
Accordingly, in the national capital, diesel price remains at Rs 84.07 per litre while petrol at 93.21 per litre. Similarly, in Mumbai, Chennai and Kolkata, diesel continues to be priced at Sunday's level of Rs 91.30, Rs 88.87 and Rs 86.91 per litre respectively, and petrol at Rs 99.49, Rs 94.86 and Rs 93.27 per litre, respectively.
Canada unveils new financial program to stimulate economy
Titled "Supporting Canadians and Fighting Covid-19", the 237-page fiscal update launched on Monday offers a revised look at the Canadian economy and the impact of the ongoing pandemic-induced recession on the country's economic outlook, reports Xinhua news agency.
Covid fuels newbies' flood in stock markets, ushers buying spree
These newbie investors, have ventured into the market, via the DMAT route. As per SEBI data, close to 6.3 million (63 lakh) new Demat, or dematerialised, accounts have been opened during the April-September 2020 period, representing an increase of 130 per cent on a year-on-year basis.
JSPL delays EGM on JPL disinvestment after questions raised on deal
JSPL has called company's EGM on Monday to get shareholders approval for JPL disinvestment in favour of Worldone Pvt Ltd, a company owned by the Jindal family. "A few investors have requested the company to examine and simplify certain terms around the JPL disinvestment, before requiring them to consider resolutions in relation to the same.
ITC first hotel chain to receive platinum certification
Certification programme "My Care" by DNV, is developed at a global stage by a team of expert infection risk and hospital management professionals. The maturity model of the programme (Level 1 to 5) assesses and covers all facets of hotel operations on six different dimensions Governance, Strategy, communication, actions, data analysis and continuous improvement.
Remote job searches soared to 966% in April: Report
The data revealed that searches for remote work were higher across age groups -- 60-64, 15-19 and 40-44 at 13 per cent each, while the searches in the age groups 35-39 and 20-24 were 12 per cent each. The data also revealed that Bengaluru topped the chart for remote job searches with 16 per cent followed by Delhi (11 per cent), Mumbai (8 per cent), Hyderabad (6 per cent) and Pune (7 per cent).
upGrad acquires Impartus, commits Rs 150 cr for buyout, boost growth
Impartus, now a 100 per cent subsidiary of upGrad, has been rebranded as ‘upGrad Campus'. ‘upGrad Campus' will target higher education institutions and college students, with its learning tools and world-class content, in an integrated solution, the company said in a statement, aiming to close the financial year 2022 with nearly Rs 85 crore revenue.
SBI shares surge post robust Q4 earnings
Around 11.30 a.m., shares of the state-run bank on the BSE were at Rs 411.85, higher by Rs 10.75 or 2.68 per cent from its previous close. On Friday, the bank reported a rise of 80.15 per cent in its net profit for the Q4FY21 on a year-on-year basis to Rs 6,451 crore. Sequentially, the net profit has increased by 24.14 per cent.
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