BUSINESS
'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.
Amazon-Future case in HC: 'Group of Companies Doctrine' can't be invoked
A division bench of the Delhi High Court comprising of Chief Justice D. N. Patel and Justice Jyoti Singh has stayed the operation and effect of order passed by the single judge ordering a status quo in the deal between Future group and Reliance.
HDFC Bank invites start-ups to apply for SmartUp grants
SmartUp grants by HDFC Bank under #Parivartan --the bank's umbrella CSR brand -- is aimed at finding and deploying long-term, sustainable solutions at scale, to address social issues and contribute to the economic and social development of the country, the bank said in a statement.
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