Business and Economy

Friday, May 7, 20212 held for selling oxygen concentrators at inflated prices

New Delhi, May 7: Cracking its whip against the black marketeers, the Delhi Police on Friday said it has arrested two persons.

Deputy Commissioner of Police (DCP) South Delhi Atul Bhatia said, that the Greater Kailash Police station team has arrested two persons, and also seized 10 medical oxygen concentrators and 82 plastic pipes used in concentrators, 3,486 digital thermometers, 263 digital

 

Friday, May 7, 2021Petrol, diesel prices maintain rally, rise again by 28-31 paise/ltr

New Delhi, May 7: Petrol and diesel prices in the country rose again sharply by 28 paise and 31 paise per litre respectively, on Friday as Oil Marketing Companies (OMCs) continued to cover for their losses on holding back price rise for past 18 days due to state elections.

This is fourth increase in fuel prices in as many days as petrol and diesel prices rose by 15 paise and 18 paise per litr

 

Friday, May 7, 2021#Market_Review || Sensex up over 200 points

Mumbai, May 7: The BSE Sensex continued to rise on Friday too as it edged up by 262 pts as brisk buying was seen in Materials, Capital Goods, Finance, Health Care and Industrials stocks.

The Nifty too rose by 69 pts to 14,793.85.

The Sensex registered intra days high and low at 49,417.64 and 49,169.14 pts respectively.

The Nifty registered intra days high and low at 14,863.05 and 14,790.

 

Thursday, May 6, 2021Let our firms take part in 5G trials, China tells India

New Delhi: Beijing has expressed deep concerns over India's new telecom policy that does not permit Chinese telecommunication companies to conduct 5G trials in the country, saying the move is not conducive to the innovation and development of related Indian industries.
On Tuesday, the Department of Telecommunications (DoT) granted approval to nearly a dozen companies to conduct a six-month trial

 

Thursday, May 6, 2021Petrol, diesel prices rise for a third consecutive day

MAY 6: In one of the steepest increase since daily price revision was started, petrol price on Thursday was hiked by 25 paise per litre and diesel by 30 paise as oil companies raised rates for the third straight day to pass on to consumers the increase in international oil prices.

Petrol price in Delhi was increased to Rs 90.99 per litre from Rs 90.74 while diesel rates went up to Rs 81.42 a l

 

Thursday, May 6, 2021#Market_Review || Sensex up 200 points

Mumbai, May 6: The BSE Sensex on Thursday rallied by 200 pts to open at 48,877.78 as fresh buying was seen in Materials, Capital Goods, Finance, Health Care and Industrials stocks.

The Nifty too rose by 50 pts to 14,668.

The Sensex registered intra days high and low at 48,898.68 and 48,690.95 pts respectively.

The Mid Cap moved up by 0.39 pc and Small Cap by 0.17 pc.

In 30 scrips 18 a

 

Wednesday, May 5, 2021Gold declines Rs 317 on muted global trends

Jammu, May 5: Gold dipped Rs 317 to Rs 46,382 per 10 grams in the national capital on Wednesday, in line with a decline in the yellow metal's prices overseas, according to HDFC Securities.

In the previous trade, the precious metal had closed at Rs 46,699 per 10 grams.

In contrast, silver jumped Rs 2,328 to Rs 70,270 per kilogram from Rs 67,942 in the previous trade.

In the international

 

Wednesday, May 5, 2021Rupee snaps 2-day winning streak, ends 6 paise down at 73.91 against dollar

Jammu, May 5: The rupee snapped its two-day winning streak and closed 6 paise lower at 73.91 (provisional) against the US dollar on Wednesday.

At the interbank foreign exchange market, the domestic unit opened higher at 73.80, but failed to maintain the gains and fell to 74.04 before ending at 73.91, a loss of 6 paise over its previous close.

On Tuesday, the rupee had settled at 73.85 again

 

Wednesday, May 5, 2021RBI unveils loan restructuring scheme for individuals, small businesses

Jammu, May 5: In a bid to provide succor from scourge of COVID-19 pandemic, the Reserve Bank on Wednesday came out with Resolution Framework 2.0 under which individuals and small businesses having exposure up to Rs 25 crore can opt for loan restructuring if they had not availed the earlier scheme.

In case of those who had availed the loan restructuring under the earlier scheme, RBI permitted t

 

Tuesday, May 4, 2021Equity indices trim gains amid volatility

Mumbai: The key Indian equity indices gave up their major gains on Tuesday morning to trade marginally higher amid a volatile trade session.

Around 10.10 a.m., Sensex was trading at 48,791.31, higher by 72.79 points or 0.15 per cent from its previous close of 48,718.52.

It opened at 48,881.63 and has so far touched an intra-day high of 48,996.53 and a low of 48,521.85 points.

The Nifty50

 

Monday, May 3, 2021SBI allocates Rs 71 Cr to combat 2nd wave of Covid-19

NEW DELHI: State Bank of India (SBI), the country's largest lender, has allocated Rs 71 crore, to undertake various support initiatives to help the country combat the second wave of Covid-19.

The bank has dedicated Rs 30 crore to setup 1,000 bed makeshift hospitals, 250 bed ICU facilities and 1,000 bed isolation facilities across some of the worst-hit states. These facilities would be set up i

 

Monday, May 3, 2021Gold jumps Rs 310, silver rises Rs 580

New Delhi, May 3: Gold jumps Rs 310 to Rs 46,580 per 10 gram in the national capital on Monday reflecting recovery in global precious metal prices and rupee depreciation, according to HDFC Securities.

In the previous trade, the precious metal had closed at Rs 46,270 per 10 gram.

Silver also jumped Rs 580 to Rs 67,429 per kg from Rs 66,849 per kg in the previous trade.

The Indian rupee sl

 

Monday, May 3, 2021Petrol dealers urge LG to open one side of road at Singhu border

New Delhi, May 3: Petrol pump owners have urged Lt Governor Anil Baijal and Delhi police to at least open one side of the road at the Singhu border so that fuel retail business could resume after months of closure.

In a letter written to LG, the Delhi Petrol Dealers' Association has said that police should open one side of the road particularly Delhi-Panipat side as farmers have agreed to giv

 

Monday, May 3, 2021Equities in red, Sensex falls 700 points

Mumbai: The key Indian equity indices opened on a negative note on Monday with heavy selling in finance and banking stocks.

The BSE Sensex plunged as much as 754.29 points to touch an intra-day low of 48,028.07 points.

It has, however, recovered from the lows and around 10.15 a.m., it was trading at 48,424.70, lower by 357.66 points or 0.73 per cent from its previous close of 48,782.36.

 

Sunday, May 2, 2021Probe ordered into death 'due to oxygen shortage' at ASCOMS Jammu

Jammu, May 2: Divisional Commissioner Jammu Dr Raghav Langar has constituted a probe to enquire into the circumstances leading to the death of a COVID-19 patient at ASCOMS Jammu who allegedly succumbed ‘due to shortage of oxygen’.

A video wherein the relatives of the deceased accuse the hospital administration for “snapping” the oxygen supply to her, went viral on Saturday prompting authoritie

 

Sunday, May 2, 2021Will try to keep soft interest rate regime as long as possible: SBI chief

Jammu, May 2: State Bank of India (SBI) will try to keep the interest rates benign as long as possible with a view to supporting the economic growth, its chairman Dinesh Kumar Khara has said.

On the impact of the second wave of COVID-19 on non-performing assets of the bank, the SBI chief said that as the lockdown was not pan-India, one will have to wait and watch to assess its impact on the ba

 

Sunday, May 2, 2021GST collection hits all-time high of over Rs 1.41 lakh crore in April

Jammu, May 2: The gross Goods and Services Tax (GST) revenue collected in the month of April is at a record high of one lakh 41 thousand 384 crore rupees. Of which CGST is 27 thousand 837 crore, SGST is 35 thousand 621 crore, IGST is 68 thousand 481 crore and Cess is nine thousand 445 crore rupees.

Finance Ministry said, the revenues for the month of April this year are 14 per cent higher tha

 

Sunday, May 2, 2021New Excise Policy comes into effect in J&K, 30% bidders yet to deposit first installment

Jammu: Finally the much discussed new Jammu and Kashmir Excise Policy have come into force from Saturday but more than 30 percent of the top bidders have yet to deposit the first installment of bid to the government.
Reliable sources in the Excise Department said that as the new policy has come into effect from May 1 in Jammu and Kashmir and the government has also allocated licences by e-auctio

 

Saturday, May 1, 2021Bikramjeet Kanwarpal dies due to Covid complications, B'Town mourns loss(

Mumbai: Bollywood took to social media to mourn the demise of actor Bikramjeet Kanwarpal due to Covid-related complications. He was 52.

After retiring from the Indian Army, Bikramjeet entered showbiz in 2003. He has been part of films such as “Rocket Singh: Salesman Of The Year”, “Aarakshan”, “Murder 2”, “2 States” and “The Ghazi Attack”. He has also been TV shows such as “Diya Aur Baati Hum”,

 

Saturday, May 1, 2021April GST collection sets new record, surges over Rs 1.41L cr

New Delhi: India’s gross GST revenue collection reached a new record high of over Rs 1.41 lakh crore in April 2021, beating all expectations of lower collections in wake disruptions clauses by fresh wave of Covid-19.

Accordingly, the GST revenues during April 2021 are the highest since the introduction of the tax. The same feat was achieved even in March when collections at over Rs 1.23 lakh c

 

Saturday, May 1, 2021Petrol, diesel prices remain static for 17 days in a row

New Delhi: Fuel prices in the country remained unchanged on Saturday as oil marketing companies decided to wait and watch the situation prevailing in global oil markets before before restarting daily revision of petrol and diesel prices.

Sources indicated that price revisions may begin anytime next week after results to state elections are declared. However, whether price of petrol and diesel

 

Saturday, May 1, 2021Centre releases Rs 8,873.6 cr fund to states to fight Covid

New Delhi, May 1: The Finance Ministry has released an amount of Rs 8,873.6 crore in advance towards central share of the State Disaster Response Fund (SDRF) for FY22 to help states in their fight against Covid-19.

The advance release of 1st instalment of central share towards SDRF has been released as a special dispensation on the recommendations of the home ministry.

Normally, the first i