Wednesday, January 27, 2021
Business

UN expects India's economy to recover by 7.3% this calendar year

UNITED NATIONS:The United Nations sees the Indian economy recovering by 7.3 per cent this calendar year after a coronavirus-driven fall of 9.6 per cent last year.

Kotak Mahindra Bank logs 11% growth in Q3 net profit

MUMBAI: Kotak Mahindra Bank on Monday reported a 10.76 per cent increase in its consolidated net profit for the October-December quarter at Rs 2,601.67 crore

WFH norm creates tax challenges for SEZs, clarification expected in Budget

NEW DELHI: The Covid-induced work from home (WFH) norms at workplaces has presented special challenges even for the government to mould tax regulations that take note of the new norm.

Sensex sheds gains amid volatile trade

MUMBAI:The key Indian equity indices pared initial gains on Monday morning and traded on a negative note.

Amazon penalised Rs 45,000 for cancelling student's laptop order

NEW DELHI: Amazon has been ordered to pay Rs 45,000 to a law student who was promised a laptop for Rs 190 only, but it wasn't delivered.

Fuel dearer again: Petrol prices up by 22-25 p/l, diesel by 24-26

NEW DELHI: Petrol and diesel prices rose sharply again on Saturday reaching new all-time highs as oil marketing companies (OMCs) decided to break the pause in revision of auto fuel prices to bridge the widening under recovery.

Maruti Suzuki sells over 160,700 units of Swift in CY 2020

NEW DELHI: Automobile manufacturer Maruti Suzuki has sold over 160,700 units of its premium hatchback Swift in CY 2020.

Tata Motors launches hatchback Altroz's i-Turbo variant

MUMBAI: Automobile manufacturer Tata Motors on Saturday launched the 'i-Turbo' variant of its premium hatchback, Altroz.

Sensex drops 550 points, holds on to 49,000

MUMBAI:The Indian equity indices plunged on Friday afternoon with the BSE Sensex losing around 550 points.

Yogi boost for startups: 4 get Rs 20 lakh

LUCKNOW:As part of the 'Start in UP' programme, the policy implementation unit in the state has approved marketing assistance of Rs 5 lakh each to four startups, including one that aims to use artificial intelligence for face recognition to provide safety for women and children.

Equity indices fall, Sensex down 100 points

MUMBAI:The key Indian equity indices traded on a negative note on Friday with the BSE Sensex falling over 100 points.

Equity indices rise, Sensex above 49,600

MUMBAI: The key Indian equity indices rose on Wednesday morning with the BSE Sensex gaining over 200 points.

Atmanirbhar Bharat' does not mean isolated India: Prasad

NEW DELHI: Union Minister for Communications, Electronics and Information Technology Ravi Shankar Prasad on Tuesday said that 'Atmanirbhar Bharat' does not mean an isolated India.

Sensex up 500 points, trades well above 49,000

MUMBAI: The BSE Sensex surged over 500 points on Tuesday to reclaim the 49,000-mark.

Third quarter has been best performing in recent years: Mindtree CEO

NEW DELHI: Mindtree, a global technology services and digital transformation company guiding its clients to achieve faster business outcomes, announced its consolidated results on Monday for the third quarter ended December 31, 2020, as approved by its board of directors.

Yes Bank board to discuss raising funds on Jan 22

MUMBAI:Yes Bank on Monday said that its Board of Directors will consider raising funds by issuing equity shares, depository receipts or debentures among other options, in its meeting on January 22.

Flipkart introduces SuperCoin Pay across 5,000 partner stores

BENGALURU:Flipkart on Monday introduced SuperCoin Pay where customers will be able to pay up to 100 per cent of their bill value across more than 5,000 partner stores (online and offline) using only SuperCoins.

Petrol, diesel price rise again by 25p/ltr after 3 days pause

NEW DELHI:Petrol and diesel prices rose again by 25 paisa per litre each on Monday after oil marketing companies decided to break their three days pause on price revision in wake enlarging under recovery on sale of the two petroleum products.

Sensex down 250 points; auto, metal stocks plunge

MUMBAI:The key Indian equity indices traded on a negative note on Monday morning with the BSE Sensex falling over 250 points.

Petrol, diesel prices unchanged across metros

NEW DELHI: Petrol and diesel prices remained unchanged for the second consecutive day on Saturday.

Air India commences non-stop Hyderabad-Chicago flights

HYDERABAAD: Air India's first non-stop flight on the Hyderabad-Chicago route arrived from the US city at the Rajiv Gandhi International Airport here on Friday. A few hours later, the first flight from the city to Chicago departed.

Consumer demand of gold may improve in 2021 on economic recovery of EMs

NEW DELHI: The year 2021 is likely to add to the shine of the gold as consumer demand which has largely been subdued amid the pandemic may rise on the back of economic recovery of the emerging markets, said a report by the World Gold Council (WGC).

Petrol, diesel rise 25p/ltr on second consecutive day, reach new highs

NEW DELHI: Petrol and diesel prices rose sharply by 25 paisa per litre on Thursday, second consecutive day of similar rise, after oil marketing companies decided to break the pause in price revision in wake of a sudden spike in global oil prices.

Sensex slips 200 points, IT stocks plunge

 MUMBAI: The key Indian equity indices declined on Thursday morning with the BSE Sensex down around 200 points.

JNPT handled 459,920 TEUs in Dec, highest in 20 months

MUMBAI: In a sign that the pandemic-hit economy is fast returning to normalcy, the country's biggest container handling port, Jawaharlal Nehru Port Trust (JNPT) handled 459,920 TEUs (twenty feet equivalent unit) in December, 2020, which was the highest container volume handled in the last 20 months.

Amazon Academy' launched to aid students with JEE preparations

NEW DELHI:Amazon India on Wednesday announced launch of 'Amazon Academy' to help students preparing for the Joint Entrance Examination (JEE) for entrance to engineering colleges.

New DPR of Gurugram-Faridabad Metro route awaiting approval

GURUGRAM: A change has been made in the revised detailed project report (DPR) for Metro rail connectivity between Gurugram and Faridabad -- the two industrial districts of Haryana.

Sensex gives up gains to turn red; HDFC, RIL down

MUMBAI: The BSE Sensex on Wednesday afternoon shed all the gains made during the initial trade to trade over 250 points down.

Sterlite Power raises Rs 200 cr from Allianz Global Investors

NEW DELHI: Power transmission player Sterlite Power on Monday announced that it has raised Rs 200 crore in debt financing from Allianz Global Investors (Allianz GI) -- one of the world's leading investment managers with a focus on sustainable investments.

Axis Bank offers term deposits without penalty on premature closure

CHANDIGARH: In a continued focus to put its customers’ interests at the forefront, Axis Bank, India’s third-largest private sector bank, has announced the removal of penalty on premature closure of all new retail term deposits booked on or after December 15, 2020 for a tenure of 2 years or more.

Sensex hits 49,000 for the first time, IT stocks zoom

MUMBAI: The BSE Sensex crossed the 49,000-mark for the first time ever on Monday and the Nifty50 on the National Stock Exchange was trading above 14,400.

Financial sectors' earnings are poised to recover: Motilal Oswal

MUMBAI:The financial sectors' earnings are poised for recovery led by healthy traction in economic recovery and abating concerns of sharp deterioration in asset quality, Motilal Oswal said in a report.

UP making women self-reliant with bud chip method of cane plantation

LUCKNOW:The Uttar Pradesh government is trying to change the lifestyle of rural women in the state. The sugarcane department has been training these women on the 'Bud Chip' method for cane plantation, to make them self-reliant.

Indian businesses aim to tap consumers directly in 2021: Report

BENGALURU: As businesses prepare lean and flexible models that operate in an online-offline mix in the post-pandemic world, the focus for digital platforms in India will be on selling directly to the consumers in 2021, a new report said on Thursday.

Realty stocks rise as Maharashtra halves premium on realty projects

MUMBAI:Real estate stocks traded on a positive note on Thursday after the Maharashtra government slashed the premium on construction of realty projects by 50 per cent till December 31, 2021.

Petrol price breaches all-time high; tops Rs 84/litre in Delhi

NEW DELHI: Petrol prices have breached all-time high levels in the new year as rising global oil prices pushed fuel marketing companies to raise the pump price of auto fuels for the second time this year on Thursday.

Hiring activity recovers in India by 14% in Dec 2020: Report

NEW DELHI:Hiring activity in India saw a 14 per cent jump in December as compared to the previous month, signalling a clear recovery of the job market in the post-Covid months, a new report said on Thursday.

Profit booking, global cues drags market lower, FMCG stocks fall 

MUMBAI: Profit booking, along with global cues, pulled the key Indian equity indices lower on Wednesday.

Udaan raises $280m in additional financing from existing and new investors

NEW DELHI:Udaan, Indias largest business-to-business (b2b) e-commerce platform, announced on Wednesday that it has raised $280 million in additional financing from its existing and new investors.

Retail investors pump in $ 12bn as they go direct in stock market

NEW DELHI: Retail investors in India directly bought stocks to the tune of $ 12 billion over January-September as the post-Covid period has seen rising retail inflows similar to the global trend.

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