BUSINESS
Piping hot: India's steel production grows as year draws to a close
According to data provided by World Steel Association, country's crude steel production stood at 9.245 million tonne (MT) in November, as against 8.933 MT during the same month last year indicating a big pick up in economic activity post the pandemic pushed lockdowns.
Gold, silver futures rise as Trump signs Covid relief package
The yellow metal has gained more than 20 per cent both in the international and domestic markets in 2020, largely on the back of the pandemic-induced uncertainties and its appeal as a hedge against inflation amid the huge stimulus measures globally to counter the impact of Covid-19.
Samsung top pick of S Korean retail investors this year
Local individual investors had bought a net 14.7 trillion won (US$13.3 billion) worth of common and preferred shares in the global tech giant as of Thursday, according to the data from the Korea Exchange.
Sensex crosses 47,300-mark, rises over 300 points
Accordingly, the S&P BSE Sensex crosses the 47,300 points mark for the first time to the healthy buying witnessed during the initial phase of Monday's trade.
Amazon Fire TV crosses 50mn monthly active users globally
Amazon said that it has rolled out our biggest software update ever to Fire TV Stick (new generation) and Fire TV Stick Lite devices globally. "The new experience is more personal and intuitive with user profiles, improved content discovery, and Alexa voice navigation," the company said in its latest blog post.
Mobile phone production growth in India stays flat this year: ICEA
From Rs 1.8 lakh crore production in 2018-19, mobile phone production touched Rs 2.14 lakh crore in 2019-20, ICEA said, adding that the manufacturing is projected to hit Rs 4.85 lakh crore in 2022.
UltraTech Cement considers raising Rs 1,000cr via NCDs
The Board of Directors of the company in May this year had approved the raising of funds, by way of issuance of NCDs, foreign currency loan or rupee term loan, or in any other manner, in one or more tranches.
Over 4.2 cr ITRs filed so far for AY 2020-21
A tweet by the IT Department said that as of December 26, more than 4.15 crore ITRs were filed, compared to over 4.14 crore as of August 26, 2019, for the assessment year 2019-20.
Jack Ma episode has made global investors jittery about China
Last month, Ma's Ant Group, an affiliate company of the Chinese Alibaba Group surprised investors when it suddenly announced suspension of its initial public offering (IPO) — barely two days before it was slated to hit the market. Ma, the co-founder and former chairman of the Alibaba Group, has been China's poster boy.
442 infra projects report cost overrun of Rs 4.34 lakh cr
A report by the Ministry showed that 536 Central sector projects are delayed from their original schedules. "Total original cost of implementation of the 1,671 projects was 21,21,383.82 crore and their anticipated completion cost is likely to be 25,55,957.52 crore, which reflects overall cost overruns of 4,34,573.70 crore (20.49 per cent of original cost)," said the report.
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