Wednesday, November 25, 2020

Jio Platforms receives subscription amount of Rs 33,737 cr from Google

NEW DELHI: Jio Platforms Limited has received the subscription amount of Rs 33,737 crore from Google International LLC, a wholly owned subsidiary of Google LLC.

Covid-19 increases urgency for banks to transform payment systems: Accenture

NEW DELHI: The rapid shift to digital payments due to the Covid-19 pandemic is urgently increasing the need for banks to modernise their payment systems, according to a new report from Accenture.

Speculations rife on Murugappa Group's Corporate Advisory Board

CHENNAI: Speculations are rife at the Rs 381 billion diversified industrial conglomerate Murugappa Group about the continuity of its two-decade-old Murugappa Corporate Advisory Board (MCAB).

Vaccine hopes push gold below Rs 49,000 per 10 gram

MUMBAI:Futures of gold, which were soaring well above the Rs 50,000 mark till sometime back amid the weak economic scenario, have now started to ease and have fallen below the Rs 49,000-mark amid optimism regarding vaccines for the novel Coronavirus.

Google Pay to remove payments on web app, add transfer fee

NEW DELHI: Google Pay is set to kill the peer-to-peer payments facility on its web app in January and is going to add a fee for instant money transfers, the media reported.

Nifty hits 13K for 1st time, Sensex above 44,400

MUMBAI: The Indian equity indices surged to fresh record highs on Tuesday morning with the NSE Nifty50 crossing the 13,000 mark for the first time ever.

Current account surplus likely due to recent reforms: CEA

NEW DELHI: India may witness a current account surplus due to the recent economic reforms announced by the government, said the Chief Economic Adviser, Krishnamurthy Subramanian.

Motor insurance premiums revive on festive auto sales jump

NEW DELHI: The pick up in auto sales during the festive season has revved up the business of insurers with motor premiums increasing 3 per cent yoy in October 2020.

As bank failures mount, RBI decision on new bank licenses could be controversial: Macquarie

NEW DELHI: At a time when bank failures are increasing in India, the decision to distribute licenses could be controversial.

RIL shares jump 3% as Future Retail deal gets CCI nod

MUMBAI: The shares of Reliance Industries (RIL) surged over three per cent on Monday as the Competition Commission of India (CCI) has approved the proposed buyout of Future Group's retail assets by Reliance Retail Ventures Ltd.

Fuel prices rise for 4th consecutive day

NEW DELHI: Petrol price on Monday was hiked by 7 paise per litre and diesel by 18 paise for the fourth straight day as the international oil rates broke a nearly two-month-long hiatus in price revision.

UP best performer in inland fisheries, Odisha is best Marine state

NEW DELHI: Uttar Pradesh was awarded as best performing state in inland fisheries sector while Odisha got the award of the best Marine state on the occasion of 'World Fisheries Day' observed on Saturday by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India.

Petrol, diesel prices rise for 3rd straight day across metros

NEW DELHI: Prices of petrol and diesel rose across the four metro cities on Sunday for the fourth consecutive day after a nearly two-month hiatus.

Petrol & diesel prices rises for 2nd straight day

NEW DELHI: Oil marketing companies (OMCs) on Saturday raised the retail price of petrol and diesel for the second consecutive day after a break of almost two months.

ED assures SC no coercive action against Chanda Kochhar in ICICI-Videocon loan case

NEW DELHI: Solicitor General Tushar Mehta on Friday assured the Supreme Court that no coercive action will be taken against former ICICI Bank chief executive officer Chanda Kochhar in the ICICI-Videocon loan case

Sensex closes 282 points higher amid volatility 

MUMBAI: The key Indian equity indices settled on a positive note on Friday after a volatile trade session, with the BSE Sensex ending over 280 points higher.

India's data centre industry draws $396 mn investment in Jan-Sep 2020

MUMBAI: The Indian data centre industry has attracted investments totalling around $396 million during January-September 2020, a report by Anarock and Mace said on Thursday.

SpiceJet shares surge 13% as US regulator clears Boeing 737 Max

MUMBAI :Shares of budget airline SpiceJet rose over 13 per cent on Thursday after the Federal Aviation Administration (FAA) of the US cleared Boeing's 737 Max aircraft to resume flying, nearly two years after it was banned post two fatal crashes.

New Microsoft programme to nurture health tech startups in India

NEW DELHI: Microsoft on Thursday launched a dedicated programme to help healthtech startups flourish in India, as the pandemic impacts every aspect of the healthcare system in the country.

With global crude firm, petrol & diesel prices may rise

NEW DELHI:Oil marketing companies did not effect any revision in retail price of petrol and diesel across the the country on Monday giving respite to consumers during festival season as rising global crude prices in last week had started talk of a possible price rise of auto fuel.

After 8-yr of negotiations, 15 Asia-Pacific countries sign RCEP

BEJING: After eight years of negotiations, 15 Asia-Pacific countries on Sunday signed the Regional Comprehensive Economic Partnership (RCEP), the world's biggest trade pact, a move considered a massive coup for regional economic integration, multilateralism and free trade.

Gold worth Rs 20,000 crore sold on Dhanteras, says jewellers' body

MUMBAI: The sale of gold this year on the auspicious occasion of Dhanteras has been 30 per cent more than the previous year. People bought gold worth a staggering Rs 20,000 crore during the festival in 2020, according to the India Bullion and Jewellers Association (IBJA).

Sensex at new high, crosses 43,700; auto, healthcare stocks surge

MUMBAI: Bull run continued on the Indian stock market on Wednesday with the BSE Sensex crossing the 43,700 mark during the initial trade

Oct domestic passenger vehicles' sales rises over 14%

NEW DELHI:Festive season boost along with low base and pent-up demand accelerated domestic passenger vehicles' sales in October on a year-on-year basis.

L&T Finance Holdings' board okays rights issue up to Rs 3,000 cr

MUMBAI: The board of L&T Finance Holdings on Monday approved raising Rs 3,000 crore through rights issue.

Sensex, Nifty hit record highs

MUMBAI: The Indian equity indices hit all-time high levels on Monday morning tracking positive global cues as Joe Biden, the Democrat candidate, has defeated incumbent US President Donald Trump in the 2020 presidential elections.

Indian Metals and Ferro Alloys' Jul-Sep net profit at Rs 44 cr

NEW DELHI:Indian Metals & Ferro Alloys (IMFA) has reported a net profit of Rs 44.17 crore for the July-September quarter.

Liquor sales fall 29% in Apr-Sep amid lockdown impact, high tax levies

NEW DELHI: Sale of Indian-made foreign liquor declined 29 per cent during the first half of the current financial year, according to data released by the Confederation of Indian Alcoholic Beverage Companies (CIABC).

Covid caused revenue shortfall of Rs 52,750 cr for Telangana

HYDERABAD: A mid-year financial review of 2020-21 by Telangana Chief Minister K. Chandrasekhar Rao revealed that the state has suffered an overall revenue shortfall of Rs 52,750 crore due to the Covid pandemic, a note from his office said on Saturday.

Niira Radia's firm booked for Rs 300Cr fraud

NEW DELHI:The Economic Offences Wing of Delhi Police has registered a case and started probe against two firms, including the Nayati Healthcare, whose chairperson and promoter is Niira Radia of the infamous Radia tapes controversy.

Adani changes Aussie branding to Bravus, experts say it means 'crooked'

NEW DELHI: Adani Group has unveiled its new name as Bravus Mining and Resources in Australia -- after mistakenly believing the word 'bravus' was Latin for 'brave', reports said.

4.39 cr bogus ration cards cancelled since 2013: Food Ministry

NEW DELHI: Around 4.39 crore ineligible/bogus ration cards have been weeded out across the country from 2013 to 2020 by state/UT governments, the Union Ministry of Consumer Affairs, Food and Public Distribution said on Friday.

AWS to open second Cloud region in India in 2022

NEW DELHI: Amazon Web Services (AWS), the cloud arm of ecommerce giant Amazon, on Friday announced to open a second infrastructure Cloud region in India by mid-2022 with three availability zones.

Flipkart Group invests in youth-focused fashion brand USPL

BENGALURU:The Flipkart Group on Thursday announced a strategic investment in Universal Sportsbiz Pvt Ltd (USPL), a youth-focused fashion brand house.

Hyundai launches the all-new i20

NEW DELHI: Automobile major Hyundai Motor India on Thursday launched the all-new i20.

Oilcos wait as petrol, diesel prices remain unchanged

NEW DELHI: Petrol and diesel prices remained unchanged on Thursday maintaining the same levels as it has been early last month.

Gold, silver futures surge, gold above Rs 51K/10 gm

MUMBAI: Futures of gold on the Multi Commodity Exchange (MCX) rose above the level of Rs 51,000 per 10 gram tracking a positive trend in the international markets as vote counts of the US elections continued on Thursday.

How Indian jewellery market will adapt with the pandemic

NEW DELHI: The halt over the market and economy due to the outbreak of COVID-19 has brought a severe economic issue to the industries all over the world. The situation has introduced us to a rapid change in lifestyle as well as the whereabouts of running the economy within the hemisphere of risk and adaptation.

Early 5G rollout helps Qualcomm log strong Q4 results

SAN FRANCISCO: Bullish on the early success of its 5G rollout, chip-maker Qualcomm has posted strong results for its fourth quarter, logging $6.5 billion in revenue which is up 35 per cent (year-over-year).

Positive macros, healthy results lift markets; pharma stocks rise 

MUMBAI: Despite uncertainty over the US President election verdict, the Indian equity markets made gains on Wednesday.

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