Business and Economy

Sunday, September 26, 2021Diesel price hiked again, no change in petrol rate

New Delhi: Diesel price on Sunday was hiked by 25 paise per litre - the second increase in rates after the state-owned oil firms ended a three-week hiatus in rates following international oil prices surging to their highest since 2018.


Price of diesel was hiked to Rs 89.07 per litre in Delhi and to Rs 96.68 in Mumbai, according to a price notification of state-owned fuel retailers.

Petr

 

Saturday, September 25, 2021End of Beginning: Premium valuations biggest risk to market rally

Mumbai, Sep 25: Premium valuations along with expectations of year-end liquidity tapering measures as well as external shocks are the biggest hurdles to the ongoing stock market rally.


Besides, the 135 per cent rise seen in the 30-scrip S&P BSE Sensex from the lows of 2020 lockdown to its latest peak of more than 60,300 points might tempt some eager investors to cash-out by booking profits.

 

Friday, September 24, 2021Twitter appointed officers in compliance with new IT Rules, Centre tells Delhi HC

Jammu, September 24: The Centre has informed the Delhi High Court that Twitter has appointed Chief Compliance Officer (CCO), Resident Grievance Officer (RGO), and Nodal Contact Person in compliance with the new IT Rules.

The Ministry of Electronics and Information Technology (MEITY), in a short affidavit, said Twitter has acknowledged that the personnel (CCO, Nodal Contact Person, and RGO) are

 

Friday, September 24, 2021Rupee slips 4 paise to close at 73.68 against US dollar

Jammu, September 24: The Indian rupee slipped 4 paise to close at 73.68 (provisional) against the US dollar on Friday, following weaker Asian peers against the American currency.

At the interbank foreign exchange market, the local currency opened at 73.77. It touched an intra-day high of 73.61 and a low of 73.78 during the day.

The rupee finally settled at 73.68 against the American currenc

 

Friday, September 24, 2021Sensex scales historic 60K-mark; Nifty tops 17,850

Jammu, September 24: Equity benchmark Sensex jumped 163 points to end above the 60,000-mark for the first time ever on Friday, led by strong gains in HDFC Bank, Infosys and Asian Paints.

The 30-share BSE index rose 163.11 points or 0.27 per cent to its lifetime closing high of 60,048.47. Similarly, the NSE Nifty advanced 30.25 points or 0.17 per cent to record finish of 17,853.20.

It took a

 

Friday, September 24, 2021Gold declines Rs 365; silver gains marginally

Jammu, September 24: Gold in the national capital on Friday declined by Rs 365 to Rs 45,141 per 10 grams reflecting an overnight plunge in international precious metal prices, according to HDFC Securities.

In the previous trade, the precious metal had settled at Rs 45,506 per 10 grams.

Silver gained marginally by Rs 21 to Rs 59,429 per kilogram from Rs 59,408 per kilogram in the previous tr

 

Friday, September 24, 2021C-295 aircraft project great step in opening up aviation, avionics sector: Ratan Tata

Jammu, September 24: Tata Trusts Chairman Ratan Tata on Friday hailed the finalisation of a contract by India to procure 56 C-295 transport aircraft under an Airbus-Tata project, describing it as a "great step" forward in the opening up of the aviation and avionics sector in the country.

His comments came hours after the deal to procure the aircraft to replace the Avro-748 planes of the IAF wa

 

Friday, September 24, 2021Sensex zooms over 350 pts to hit 60K for first time; Nifty crosses 17,900

Jammu, September 24: Equity benchmark Sensex rallied over 350 points to hit the 60,000-mark for the first time in opening trade on Friday, led by strong gains in index majors Infosys, HDFC Bank and TCS.

The 30-share Sensex was trading 359.29 points or 0.60 per cent higher at its lifetime high of 60,244.65. Similarly, Nifty soared 100.40 points or 0.56 per cent to its intra-day record of 17,923

 

Thursday, September 23, 2021Petrol, diesel prices remain steady, provide relief to consumers

New Delhi, Sep 23: Auto fuel prices in the country have maintained stability amidst volatility in global oil prices.

The oil marketing companies (OMCs) on Thursday kept pump prices of auto fuels petrol and diesel unchanged, the 18th consecutive day of no revision, as they preferred to maintain their watch prices on global oil situation before making any revision in prices.

The wait and watc

 

Thursday, September 23, 2021Stock market opens green, BSE trading at 59,355.83, Nifty at 17,649.25

Mumbai, Sep 23: For the third consecutive day, the stock market opened in green territory on Wednesday with BSE Sensex trading at 59,355.83, up 428.50 or 0.73 per cent on Thursday.

Similarly, Nifty was trading at 17,649.25, up 102.60 or 0.58 per cent.

Among the pack of 30 stocks at BSE, Axis Bank, Tata Steel, SBI, HDFC Bank, Bajaj Finance, Reliance were among the top gainers while Tech Mahi

 

Wednesday, September 22, 2021Apple, Google raise new concerns by yanking Russian app

Jammu, September 22: Big tech companies that operate around the globe have long promised to obey local laws and protect civil rights while doing business.

But when Apple and Google capitulated to Russian demands and removed a political-opposition app from their local app stores, it raised worries that two of the world’s most successful companies are more comfortable bowing to undemocratic edic

 

Wednesday, September 22, 2021Stock market opens green, BSE trading at 59,030.20, Nifty at 17,567.75

Mumbai, Sep 22: For the second consecutive day, the stock market opened in green territory on Wednesday with BSE Sensex trading at 59,030.20, up 24.93 points or 0.04 per cent and Nifty at 17,567.75, up 5.75 or 0.03 per cent.

Among the pack of 30 stocks at BSE, NTPC, HCL Tech, Titan, Maruti, IndusInd Bank, Mahindra and Mahindra were among the top gainers while HDFC, Axis Bank, Nestle, Hindustan

 

Tuesday, September 21, 2021SSP Srinagar directs SHOs to ensure implementation of COVID Appropriate Behaviour protocol in Srinagar city.

Stresses upon engagement with public, creating awareness

Srinagar: Srinagar Police convened a meeting today to discuss the measures to ensure that COVID19 appropriate behaviour is observed by the general public. The meeting was presided over by Sandeep Chaudhary, SSP Srinagar and attended by all the officers of the district.

A detailed discussion was held to create awareness about the necessary COVID19 appropriate SOPs among the masses by engaging

 

Tuesday, September 21, 2021Rupee surges 15 paise to 73.59 against US dollar in early trade

The Indian rupee appreciated 15 paise to 73.59 against the US dollar in opening trade today, tracking the weakness of the American currency in the overseas market.

At the interbank foreign exchange, the rupee opened at 73.74 against the dollar, then edged higher to 73.59, up 15 paise over its previous close.

On Monday, the rupee had settled at 73.74 against the US dollar.

Meanwhile, t

 

Tuesday, September 21, 2021Buying support pushes equities higher; oil stocks rise

Mumbai, Sep 21: India's key stock indices rose during the morning trade session on Tuesday.

Accordingly, both key indices -- S&P BSE Sensex and NSE Nifty50 -- rose a day after a sell-off which was triggered due to weak Asian cues.

As per market observers, the up moves comes on the back of healthy buying support for Realty, Oil & gas, IT and FMCG stocks.

Sector wise, Auto, Consumer Durab