BUSINESS
itel leads sub Rs-7,000 segment on brand trust in India: Survey
itel's strong brand trust among consumers is driven by trendy technology (42 per cent), value for money (44 per cent), and localised marketing approach (42 per cent), according to a CMR survey. itel rules the sub-Rs 5,000 smartphone segment with 26 per cent using currently and 42per cent users going to consider in their next purchase.
Govt plans to sell 20% stake in National Fertilizers Ltd
The Department of Investment and Public Asset Management (DIPAM) has invited tenders from law firms with experience and expertise in public offerings and OFS in capital markets to act as legal advisers and assist the government in the process. It has also sought tenders from merchant bankers for the sale process.
'More than full' economic recovery likely in FY22: Finance Ministry report
The 'Monthly Economic Review' for January 2021 said the structural reforms and the policy push under the Atmanirbhar Bharat Mission along with the slew of measures announced in the Union Budget 2021-22 towards achieving broad-based inclusive growth will strengthen the fundamentals of the economy and bring it back on to a strong and sustainable growth path in the year ahead.
Petrol, diesel prices rise by 30p, 25p a litre in Delhi
Petrol is now priced at Rs 87.60 and diesel Rs 77.73 per litre in the national capital. Petrol prices increased from 26-29 paise per litre and diesel by 24-27 paise per litre across the country, depending on local taxes levied on the two petroleum products. The prices of petroleum product have now reached new highs with the latest increase.
Share Market: Sensex down 200 points down amid volatile trade
Selling pressure was witnessed in banking and IT stocks. At 10.18 a.m., Sensex was trading at 51,124.54, lower by 204.54 points or 0.40 per cent from its previous close of 51,329.08. It opened at 51,355.89 and has so far touched an intra-day high of 51,512.86 and a low of 51,112.73 points.
Bank unions call for strike in March 15, 16 against privatisation
During a meeting in Hyderabad on Tuesday, the United Forum of Bank Unions also decided to hold a day long 'Dharna' (protest) in all state capitals on February 19 followed by relay 'dharnas' from February 20 to March 10 in all states, districts and towns.
Many states inked Memorandums of Understanding for Svamitva, others considering: Official
SVAMITVA scheme -- which aims to provide an integrated property validation solution for rural India -- was launched by the Prime Minister on April 24, 2020. The Panchayati Raj Ministry is the nodal agency for its implementation. In the states, Revenue/Land Records Departments will be nodal departments to implement it with the support of Panchayati Raj Departments. The Survey of India will work as a technology partner.
Share Market: Profit booking halts gaining spree, market slips into red
The positive cues led S&P BSE Sensex touched a record high of 51,835.86 and the Nifty50 on the National Stock Exchange to a record high of 15,257.10 points. The market continued to remain in favour of advancing counter till around 2.15 p.m. However, a last hour profit booking pulled the market lower.
Starlink to go public once cash flow gets predictable: Elon Musk
Starlink is now delivering initial beta service both domestically and internationally, and will continue expansion to near global coverage of the populated world in 2021, says its official website. Ordering Starlink became a talking point on Twitter on Tuesday with some people complaining that current prices of the service is way higher compared to what they already pay for Internet services in their area.
Record Highs: Sensex, Nifty continue to rise; banking stocks gain
Accordingly, the market opened at record high on back of favourable cues from global bourses. The market continued to remain in favour of advancing counter. Among sectors, Banking, IT and Realty were major gainers; while Media, Auto and Pharma slipped in in the red.
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