BUSINESS
Parliament session from Jan 29, FM to present Budget on Feb 1
The session will be held in two parts -- from January 29 to February 15 and March 8 to April 8. The 5th session of the 17th Lok Sabha will have 35 sittings -- 11 in the first part and 24 in the second part.
Sensex ends at record closing level amid choppy trade
The BSE Sensex ended at its all-time high closing level of 49,584.16, higher by 91.84 points or 0.19 per cent from its previous close.
Give TDS relief to small sellers on e-commerce platforms: IAMAI
The uniform TDS on e-commerce transactions is creating major challenges for the small sellers who are conducting business via e-commerce platforms.
From Briefcase to Bahi-Katha: A look at the history of Finance Minister's Budget-bag
The color and the case have been changing with time and convenience. As of now, it has a symbolic meaning such as “Bahi Khata” (Leger) that was introduced by current finance minister Nirmala Sitharaman. For the third time in a row, the budget would be presented in “Bahi Khata” this year.
Wholesale inflation eases to 1.2% in December
In November, the inflation based on Wholesale Price Index (WPI) was 1.55 per cent. The data released by the Ministry of Commerce and Industry showed that food inflation fell to 0.92 per cent in December, due to sharp fall in onion prices.
Petrol, diesel rise 25p/ltr on second consecutive day, reach new highs
In the national capital, petrol was sold at the new record high level of Rs 84.70 from previous days Rs 84.45 a litre while diesel prices increased to Rs 74.88 per litre as against Rs 74.64 a litre a day earlier. Across the country as well pump price of petrol and diesel increased on Wednesday but the quantum varied depending on the prevailing tax structure in each state.
Consumer demand of gold may improve in 2021 on economic recovery of EMs
The 'Gold Outlook 2021' said that the Indian gold market also appears to be on a stronger footing. Initial data from the Dhanteras celebrations in November suggest that while jewellery demand was still below average, it had significantly recovered from the lows.
Qualcomm buys chip design startup Nuvia for $1.4 bn
The addition of Nuvia CPUs to Qualcomm Technologies' already leading mobile graphics processing unit (GPU), AI engine, DSP and dedicated multimedia accelerators will further extend the leadership of Qualcomm Snapdragon platforms.
Sensex slips 200 points, IT stocks plunge
Heavy selling pressure was witnessed in IT and metal stocks. Around 10.20 a.m., Sensex was trading at 49,292.97, lower by 199.35 points or 0.40 per cent from its previous close of 49,492.32 points. It opened at 49,432.83 and has touched an intra-day high of 49,487.86 and a low of 49,182.37 points.
India's medium-term growth to slow to around 6.5% after initial rebound: Fitch
India's economy had been losing momentum even ahead of the shock delivered by the COVID-19 crisis. The rate of GDP growth sank to a more than ten-year low of 4.2 per cent in 2019, down from 6.1 per cent the previous year. The pandemic bought a human and an economic catastrophe for India, with nearly 1.5 lakh deaths. Though the deaths per million are significantly lower than in Europe and the US, the economic impact had been much more severe.
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