Business and Economy

Wednesday, July 28, 2021Sensex crashes over 600 points

#Market_Update

Mumbai, Jul 28: The BSE Sensex on Thursday crashed by 642.56 pts at 51,936.20 as selling pressure was seen across the board.

The Nifty too slipped 182.40 pts at 15,564.05.

The Sensex registered intra days high and low at 52,673.69 and 51,802.73 pts respectively. The Nifty registered intra days high and low at 15,767.50 and 15,513.45 pts respectively.

The Mid Cap and Small Cap slipped by

 

Tuesday, July 27, 2021Rupee declines by 5 paise to 74.47 on strong dollar sentiment

Jammu, July 27: The rupee slipped by 5 paise to close at 74.47 (provisional) against the US currency on Tuesday as the dollar strengthened in the overseas markets and the domestic equity indices closed with losses.

Forex traders said the rupee is trading in a narrow range as investors are awaiting cues from the US Fed's policy decision due on Wednesday and month-end rebalancing.

At the inte

 

Monday, July 26, 2021Sensex up over 100 points

Mumbai, Jul 26: The BSE Sensex on Monday gained 102 points to reach 53077 in opening session on buying in FMCG, Finance, Health Care and Industrials stocks.

The Nifty too rose by 25 points to reach 15,881.35.

The Sensex registered the intra days high and low at 53,103.42 and 52,783.63 points respectively.

The Nifty registered the intra days high and low at 15,893.35 and 15,797 points res

 

Monday, July 26, 2021Fuel consumers get relief, no revision in petrol, diesel prices

New Delhi, July 24: Oil marketing companies (OMC) continued to pause fuel price revision for seven consecutive days, the longest period in weeks, as the global development on oil production and rising US inventories softened crude and product rates.

However, they stopped short of reducing the retail price of petrol and diesel as more time will be required to study oil price movement before any

 

Sunday, July 25, 2021Cipla recalls 7,228 bottles of overactive bladder treatment drug in US

Jammu, July 25: Drug major Cipla is recalling 7,228 bottles of Solifenacin Succinate tablets, a medicine used to treat overactive bladder, in the US market due to manufacturing issues.

As per the latest Enforcement Report issued by the US Food and Drug Administration (USFDA), the Mumbai-based company is recalling 10 mg, 30-count bottles in the US.

The recalled batches were produced at the c

 

Sunday, July 25, 2021Reliance to start gas production from MJ field in Oct-Dec 2022

Jammu, July 25: Reliance Industries Ltd (RIL) will start natural gas production from MJ field - the third and the last set of discoveries that the firm is developing in the eastern offshore KG-D6 block - in the last quarter of 2022 to raise overall output by about two-thirds.

In an investor presentation announcing first quarter earnings, RIL said it has completed its first offshore installatio

 

Sunday, July 25, 2021RBI central board short of 9 non-official directors

Jammu. July 25: The central board of the Reserve Bank of India (RBI) is facing shortage of nine non-official directors, including seven from the category of people of eminence from various fields.

The central board is the highest decision making body of the apex bank headed by the RBI governor.

According to the RBI Act, the government nominates 10 eminent persons from various fields to the

 

Saturday, July 24, 2021Sensex slumps 164.26 pts in this week

Mumbai, Jul 24: The BSE Sensex dropped by 164.26 points or 0.31 pc to settle at 52,975.80 in a volatile trading week under review as the surging Delta variant cases sapped risk appetite globally.

Nifty too lost 67.35 points or 0.42 pc to settle at 15,856.05.

BSE Mid-Cap slipped 109.27 or 0.47 pc to settle at 23,021.14. BSE Small-Cap skid 36.40 points or 0.14 pc to settle at 26,425.91.

On

 

Saturday, July 24, 2021We can make next 30 years the best in India's history: Mukesh Ambani

New Delhi, July 24: "I am supremely hopeful and confident about the Rise of New India. I can see that the spirit of India is more resurgent than ever before", Mukesh Ambani, Chairman, Reliance Industries Limited (RIL) wrote in Times of India.

Ambani said India and the world changed dramatically at the beginning of the 1990s. Communist Soviet Union collapsed. The cold war ended. And India embar

 

Friday, July 23, 2021Pause on fuel hike enters Day 6

NEW DELHI: Oil marketing companies (OMC) continued with the pause on fuel price revision for the sixth consecutive day on Friday, the longest brake applied in weeks, as global development on oil production and rising US inventories softened crude and product prices.

The OMCs though have not reduced the retail price of petrol or diesel as more time would be required to study oil price movement