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Saturday, October 16, 2021

Export curbs on Covid diagnostic kits, reagents removed

October 16, 2021 4:26:39 am

India logged 16,862 new coronavirus infections, taking the total tally of COVID-19 cases to 3,40,37,592, while the active cases declined to 2,03,678, the lowest in 216 days, according to the Union Health Ministry data updated on Friday.

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Second straight hike takes petrol, diesel to fresh record high

October 16, 2021 4:19:08 am

The price of petrol in Delhi rose to its highest-ever level of Rs 105.14 a litre and Rs 111.09 per litre in Mumbai, according to a price notification of state-owned fuel retailers. In Mumbai, diesel now comes for Rs 101.78 a litre; while in Delhi, it costs Rs 93.87.

sebi, sebi news

Settlement orders: Sebi forms high-powered advisory panel

October 16, 2021 4:15:02 am

The other members of the panel are —former law secretary in Ministry of Law & Justice, PK Malhotra; ex-chairman of Deloitte Haskins & Sells LLP PR Ramesh and DN Raval, partner at Raval & Raval Associates.

‘Motor cover: Public general insurers lose 30% biz since FY18’

October 16, 2021 4:12:25 am

In FY18, public sector players held a market share of 46.5 per cent of the total motor segment premia, while private players had 53.5 per cent.

Sitharaman, Yellen for ‘supportive policies’ until firm recovery

Sitharaman, Yellen for ‘supportive policies’ until firm recovery

October 16, 2021 7:43:14 am

The joint statement comes amid mounting anxiety globally overpotential taper tantrum once the US Federal Reserve begins to scale back its $120-billion-a-month quantitative easing, with many analysts expecting it to be as early as in November.

Fuel supply from captive mines: 2 NTPC plants get excess coal of Talabira II-III

October 16, 2021 3:52:51 am

Thermal power plants now have an average of 4 days of coal stock, as against a recommended level of 15-30 days, based on the distance of the plant from the source of coal.

After red flags, PNB Housing Finance calls off its Rs 4,000-crore Carlyle deal

After red flags, PNB Housing Finance calls off its Rs 4,000-crore Carlyle deal

October 15, 2021 7:35:06 am

PNB Housing has terminated the share subscription agreements executed with Pluto Investments, an affiliated entity of Carlyle Asia Partners IV, and Carlyle Asia Partners V, which entailed an investment of Rs 3,185 crore.

RBI Dy Guv: Banks will have to prepare for capital account convertibility

October 15, 2021 3:26:51 am

Convertibility refers to the ability to convert domestic currency into foreign ones and vice versa to make payments for balance of payments transactions.

Over 2 crore ITR filed; new portal substantially stabilised: CBDT

October 15, 2021 3:24:24 am

The new income tax portal,, which was launched on June 7, has been facing glitches since its launch.

‘Inexcusable’ to cut supply: Centre to gencos importing coal as blackouts rise

October 15, 2021 9:29:31 am

This is further contributing to the problem of low coal stock at thermal power plants using domestic coal which has led to plant outages and forced states to buy power on exchanges with some states having to impose rolling blackouts.

Why didn’t Invesco disclose RIL merger plan earlier: Goenka

October 15, 2021 3:11:45 am

Hinting that he will take legal recourse, Goenka said, “I too have a lot of points to put across, but I firmly believe that there is a right time and place for it. Our lawyers will do the needful in the court of law, as deemed necessary.”

Foxconn, Nokia, 29 others get DoT nod for telecom PLI

October 15, 2021 12:09:12 am

The scheme for telecom gear manufacturing in India is expected to encourage the production of equipment worth Rs 2.44 lakh crore and create direct and indirect employment for about 40,000 people.

Festive mood: Sensex flies past 61,000 on earnings optimism

October 15, 2021 12:29:00 am

The IT sector remained under pressure at the beginning of the week following a weak start to the earnings season, but regained momentum as most sector majors reported better-than-expected earnings.

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WPI inflation eases to 10.66 pc in Sep on lower food prices

October 14, 2021 2:06:46 pm

WPI inflation remained in double-digit for the sixth consecutive month. In August, it was 11.39 per cent. In September 2020, inflation was 1.32 per cent.

Thermal power outage due to low coal stocks reduces

October 14, 2021 3:45:38 am

The country’s thermal power plants had an average coal stock of four days on October 12, as against recommended inventory levels of 15-30 days based on the distance of plants from the source of coal.

Invesco: Role was to facilitate potential ZEEL-Reliance deal

October 14, 2021 3:45:33 am

ZEEL said on Tuesday that Invesco had pushed for the merger of ZEEL with a large Indian group (strategic group) as early as this February. However, Goenka said he rejected the deal citing “governance concerns”.

Infosys Q2 profit rises on strong biz momentum

October 14, 2021 3:45:32 am

The company also raised its full year revenue guidance to 16.5-17.5 per cent from 14-16 per cent projected earlier, amid continued strong business momentum. It, however, retained operating margin guidance at 22-24 per cent.

To rationalise logistics costs, infra master plan launched

October 14, 2021 3:45:15 am

The Gati Shakti digital platform, which will bring together 16 Ministries including Rail and Roadways, will help in removing long-standing issues such as disjointed planning, lack of standardisation, problems with clearances, and timely creation and utilisation of infrastructure capacities.

Future spectrum auctions: DoT seeks Trai views on pay, moratorium

October 14, 2021 3:44:50 am

The DoT has also asked Trai to suggest the conditions for surrender of spectrum licence after 10 years and the fee to be charged in the case, an office memorandum of the telecom department showed.

Invesco assisted us in arranging talks with ZEEL MD: RIL

October 13, 2021 8:40:56 pm

RIL said it made a broad proposal for merger of its media properties with Zee at fair valuations of Zee and all RIL properties.

Reliance negotiated for ZEEL merger deal: Invesco

October 13, 2021 12:03:55 pm

Invesco says its role ‘was to help facilitate that potential transaction’

tata motors

Tata Motors jump 10% after EV investment pledge

October 13, 2021 10:29:18 am

The NSE Nifty 50 index (.NSEI) was up 0.56% at 18,080.31, while the S&P BSE Sensex (.BSESN) rose 0.38% to 60,501.22 by 0345 GMT.

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Sensex rallies over 300 points; Nifty near 18,100 level

October 13, 2021 10:12:23 am

After touching a record of 60,621.72, the 30-share Sensex was trading 261.17 points or 0.43 per cent higher at 60,545.48. Similarly, the Nifty surged 97.75 points or 0.54 per cent to a new intra-day peak of 18,089.70.

Hasbro CEO Brian Goldner dies

October 13, 2021 9:40:12 am

Board member and former CEO of marketing firm InnerWorkings Inc, Rich Stoddart, has replaced Goldner on an interim basis.

TPG Rise, ADQ to invest $1 billion in Tata Motors EV unit

October 13, 2021 3:30:00 am

TPG Rise Climate along with co-investors will invest in compulsory convertible instruments to secure between 11 per cent to 15 per cent stake in this company translating to an equity valuation of up to $9.1 billion.