BUSINESS
Petrol, diesel prices steady even as crude boils
Petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the capital on Saturday. Across the country too, the petrol and diesel price remained unchanged. This is seventh consecutive day when pump prices of auto fuels have remains unchanged.
Julius Baer upgrades India, says it will be fastest-growing major economy in 2021
"An economic recovery is underway, and we look for 9% y/y GDP growth this year, followed by 7% next year. We look for earnings per share to grow on average over 25% over the next 3 years. It would be unprecedented for the stock market to fall in an environment of such strong growth," it added.
OYO Hotels & Homes valuation reaches $9 billion
With over 50 products and more than 500 microservices, the company plans to utilise the capital in strengthening its technology stack for delivering an improved partner and customer experience.
Reliance will bear full cost of vax for employees & families: Nita Ambani
Nita Mukesh Ambani, Founder and Chairperson, Reliance Foundation in a letter to members of the Reliance family said, "In our Reliance Family Day 2020 message, Mukesh and I had personally assured you that as soon as any approved Covid 19 vaccine is available in India, we will do our best to plan early vaccination for all Reliance employees and family members. We remain committed to this goal and to contributing to our nation's collective ability to end the coronavirus pandemic as soon as possible."
PM Modi stresses on lesser govt intervention in business
Modi said that with its view of ease of doing business, the government has been stressing on self-regulation, self-attesting and self-certification. Stressing that both government policies and strategy are clear in terms of the manufacturing sector, he said that its motto is minimum government and maximum governance.
Sensex down 400 points, Nifty below 15,000
Selling pressure was witnessed in banking, finance and metal stocks, while buying took place in oil and gas and energy stocks. The top gainers on the Sensex were ONGC, NTPC and Maruti Suzuki India while IndusInd Bank, ICICI Bank and State Bank of India were the major losers.
Petrol at Rs 75 and diesel Rs 68 a litre in FY22 if taxation shifts to GST: SBI Ecowrap
Under this model, the economists said that uniformity of taxes is ensured across the country while it also brings down the burden of taxes on the common man by almost Rs 10-30 depending on the product consumed and the state in which it is consumed.
Oil prices surge as OPEC+ extends most output cuts
OPEC+ approved the continuation of current production levels for April, except that Russia and Kazakhstan will be allowed to increase production by 130,000 and 20,000 barrels per day, respectively, the group said in a statement on Thursday.
Wipro to buy UK firm Capco for $1.45 billion
Global software major Wipro said on Thursday that it has signed an agreement to acquire the UK-based management and technology firm Capco for $1.45 billion (Rs 10,551 crore) to provide digital, Cloud and IT services to financial institutions in the US, Europe and Asia-Pacific.
ArcelorMittal commits Rs 50K cr investment in Odisha
The existing MoU in Odisha, which was signed in the presence of Chief Minister Naveen Patnaik and steel tycoon Lakshmi N. Mittal in Bhubaneshwar, has given a leg up to the bullish plan of the company to have both greenfield and brownfield steel operations in India.
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