BUSINESS
Petrol, Diesel prices hiked for 2nd straight day
The price of petrol has been increased to Rs 81.38 from Rs 81.32 per litre in the national capital on Friday. Similarly, price of diesel has been increased by 20 paisa per litre to Rs 70.88 per litre in Delhi.
India's FY22 GDP growth forecast raised to 8.5%: Barclays
Barclays stated that the flattening of Covid-19 curve in the country and the chances of an effective vaccine early next year alongside high seroprevalence of antibodies across the population are the major contributing factor for a more durable economic recovery.
Microsoft's new programme to aid healthtech startups grow in India
Microsoft has collaborated with startup incubator Social Alpha to facilitate the growth of participating startups. The initiative focuses on helping participating entrepreneurs with technical support as well as resources for co-selling and co-building tech tools to achieve better results across the healthcare sector.
Sensex reclaims 44,000 level, Nifty up by 41.50 point
At around 2 pm, Sensex was trading at 44,112.37, higher by 159.66 points or 0.36 per cent from its previous close of 43,952.71.
Vaccine Hopes: Sensex breaches 44,000, Nifty hit record highs
Moderna on Monday said that its experimental vaccine is 94.5 percent effective in preventing Covid-19, boosting hopes of the economy emerging from a year of pandemic-induced downturn. Healthy buying was witnessed in banking, finance, and metal stocks.
EXPLAINED: What leads to a 'technical recession'
In simple words, recessionary phase for an economy arises when overall output of goods and services, i.e. GDP, contracts from one quarter to another, and it becomes 'recession' when the phase keeps on happening repetitively over several quarters.
Equity indices in red, banking stocks under pressure
After the recent record run and positive trend for eight straight sessions, it is for the second consecutive day of fall in the domestic stock market. Banking and finance stocks witnessed heavy selling pressure on Friday.
Pfizer CEO sold $5.6m stock on the day it announced vaccine results
As per the Axios report, the stock sale is perfectly legal through a predetermined plan called Rule 10b5-1 but the optics aren't great.
India has moved from tax terrorism to transparency: PM Modi
Modi said that the change had come due to the approach of "reform, perform and transform". He said that rules and procedures are being reformed with the help of technology.
Flipkart opens first grocery centre in Uttar Pradesh
The facility is situated across an area of nearly 50,000 square feet and it will support Flipkart's ability to deliver a wide selection of grocery products to consumers in the cities of Lucknow, Kanpur and Allahabad. This is the e-commerce major's first grocery centre in Uttar Pradesh.
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