BUSINESS
China recovering fast, 8% growth likely in 2021: IMF
However, the recovery is still relying mostly on public support. Private investment has strengthened recently, but consumption is lagging. Growth rates and consumption recently have been higher, but the level of consumption compared to its pre-crisis trend is still rather low
Indian economy showing signs of V-shaped recovery in 2021: Assocham
"The high-frequency data is a strong pointer to a V-shaped recovery in 2021 with the seeds bursting into green shoots over the last two months of 2020 itself," Assocham Secretary General Deepak Sood said.
Share Market: Sensex hits 49,000 for the first time, IT stocks zoom
Healthy buying was witnessed in the IT, telecom and FMCG stocks. Around 9.34 a.m., Sensex was trading at 49,211.61, higher by 429.10 points or 0.88 per cent from its previous close of 48,782.51. It opened at 49,252.31 and touched a high of 49,260.21 and a low of 49,015.22 points.
NCTC urges govt to remove anti-dumping duty on VSF
As per the statement by the industry body, the textile industry has been facing stagnation for many years, mainly due to the lack of availability of the basic raw materials of man-made fibre/filament yarn at internationally competitive prices.
Manufacturing, infra push to boost logistics in India, automation to be key in 2021
With the country emerging out of the pandemic, and technology taking a whole new meaning in this post-Covid world, they feel, automation will be the next big thing in logistics.
215 held in two months in fake GST invoice fraud cases
Those arrested by the Directorate General of GST Intelligence (DGGI) and the CGST Commissionerates include six Chartered Accountants and one Company Secretary, sources said.
Traders ask govt to ban WhatsApp and Facebook
In a communication sent to Minister for Information Technology Ravi Shankar Prasad, CAIT has demanded that the government should immediately restrict WhatsApp from implementing the new policy or put a ban on WhatsApp and its parent company Facebook.
India to fast catch up as Bitcoin surges as key asset class
Bitcoin has already gained 25 per cent in January, following its more than 300 per cent gain in 2020. The second largest cryptocurrency 'Ethereum' has soared over the past 12 months reaching a total gain of 860 per cent last week, after trading above $1,200 for the first time since early 2018.
India now looks to build strategic gas reserve
Sources privy to the development said a conductive global energy market where oil and gas prices are stable had given fresh push for building strategic gas reserves in the country. An announcement in this regard may be made as early as in the Budget 2021-22.
Macro-data to drive equities, Q3 results to give directions
"The results season began on Friday with TCS coming out with excellent Q3FY21 numbers. As more companies come out with their numbers, the focus could shift from index to individual stocks and peer stocks," said Deepak Jasani, Head of Retail Research at HDFC Securities.
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