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Friday, January 22, 2021

ED raids Viva Group run by the family of Maharashtra MLA Hitendra Thakur

January 22, 2021 5:18:43 pm

Sources said the searches were conducted in five locations after the agency allegedly found transfers of about Rs 250 crore from HDIL to a clutch of companies associated with Viva Group.

Indian Bank Q3 profit more than doubles to Rs 514 crore

January 22, 2021 4:40:47 pm

Total income during the quarter under review was Rs 11,421.34 crore, up from Rs 6,505.62 crore in the same period a year ago, Indian Bank said in a regulatory filing.

HDFC Bank submits plan of action to RBI, hope to fix outage issue in 3 months

January 22, 2021 3:54:08 pm

Last month, the Reserve Bank of India (RBI) temporarily barred HDFC Bank from launching new digital banking initiatives and issuing new credit cards after taking a serious view of service outages at the lender over the last two years.

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Petrol crosses Rs 92/litre mark in Mumbai, diesel at all-time high

January 22, 2021 3:44:28 pm

Diesel rate climbed to Rs 75.63 a litre in the national capital - its highest ever. In Mumbai, diesel price too increased to an all-time high of Rs 82.40, the price data showed.

Sensex’s journey to 50,000-mark: From economic liberalisation to Covid pandemic

January 22, 2021 2:57:48 pm

The Sensex has now nearly doubled from its 52-week low of 25,638.9 hit on March 24, 2020.

Biocon Q3 net profit falls 19% to Rs 186.6 crore

January 22, 2021 11:45:12 am

The company's revenue from operations rose to Rs 1,851 crore for the quarter under consideration, up 7.81 per cent, as against Rs 1,716.8 crore during the same period a year ago, Biocon said in a late night regulatory filing on Thursday.

Ant Group’s valuation seen dropping to $108 billion on crackdown

January 22, 2021 11:36:17 am

Jack Ma’s fintech giant may be worth less than 700 billion yuan ($108 billion) under the draft proposals, which could reduce the value of Ant’s Alipay service by half, according to senior analyst Francis Chan.

Indian healthcare system bullish on ‘never before’ Budget 2021

January 22, 2021 10:47:09 am

In line with the government’s plans on increasing spending on healthcare to 2.5 per cent of GDP by 2025 (as per the target in the National Health Policy, 2017), the healthcare sector is expecting more specific allotments in this year’s Budget to mitigate the Covid-19 impact and to help in the preparation and distribution of Coronavirus vaccines.

Sensex and Nifty open lower in line with other Asian bourses

January 22, 2021 10:15:33 am

Bajaj Auto, Asian Paints, Mahindra and Mahindra, Maruti Suzuki and Reliance Industries were top gainers.

Asian markets step back from stimulus-driven record highs

January 22, 2021 10:05:27 am

MSCI's broadest gauge of Asia Pacific stocks outside of Japan was off 0.2% at 722.49 points, a whisker away from its all-time high of 727.31 touched on Thursday.

Govt planning to open up coal marketing to streamline process

January 22, 2021 4:38:03 am

India produced about 729 million tonnes of coal and imported about 248 million tonnes in the previous fiscal. Coal India accounts for over 80 per cent of domestic production.

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Zydus Cadila starts enrolment for late stage vaccine trial

January 22, 2021 4:35:09 am

The trials are expected to take place at five sites across four cities — Surat, Nashik, Jaipur and Ahmedabad, according to information from the Clinical Trials Registry of India.

32 bids received from 10 entities: Aviation Ministry

January 22, 2021 4:28:46 am

Responding to The Indian Express report titled “Finance Ministry and Niti Aayog had raised red flags before Adani’s clean sweep of six airports”, published on January 15, the Ministry said that the assertion made in the article was “factually incorrect”.

Exchanges give go ahead to Future-Reliance Retail deal

Exchanges give go ahead to Future-Reliance Retail deal

January 22, 2021 4:23:54 am

Companies involved in the scheme are advised that any future disputes, complaints, regulatory actions or proceedings, or orders issued therein involving the draft scheme, if any, shall be brought to the notice of shareholders prior to the approval by the National Company Law Tribunal (NCLT).

50,000 & still counting: liquidity pushes markets, all eyes on Budget now

January 22, 2021 7:14:35 am

There is a broader sense that with the global liquidity continuing and an additional US stimulus on its way, the markets are likely to continue with their upward movement for now.

‘Hybrid roles, the new norm: IELTS, Azure, software testing in demand’

‘Hybrid roles, the new norm: IELTS, Azure, software testing in demand’

January 22, 2021 4:12:57 am

The report is based on data from the global companies using the Udemy for Business platform and a survey of more than 500 learning and development professionals.

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India within striking distance of attaining positive growth: RBI

January 21, 2021 2:05:02 pm

"What will 2021 look like? The shape of the recovery will be V-shaped after all and the 'V' stands for vaccine," said an article on the 'state of economy' in the RBI's January Bulletin.

Reliance Industries and Future Retail shares rally post SEBI nod on RIL-Future deal

January 21, 2021 12:39:38 pm

Reliance share price: The RIL stock climbed as much as 3.07 per cent to Rs 2118.00 apiece on the BSE, while the National Stock Exchange (NSE), the scrip rose 3.08 per cent to Rs 2,118.00 per share. Future Retail shares too were locked in the 5 per cent upper circuit on both the exchanges.

Budget 2021: Attracting long term financing is critical for infrastructure sector in India

January 21, 2021 11:50:44 am

Budget 2021: The government has taken steps to improve the availability of long-term financing, however, there is still a lot left to be done. There is a need to come out with new mechanisms and improve on current provisions to encourage long term financing.

Asian stocks at record highs as Biden inauguration lifts stimulus hopes

January 21, 2021 10:54:37 am

MSCI's broadest index of Asia-Pacific shares outside Japan touched record highs and was last up 0.85%, with markets across the region posting gains.

Sensex slips 167 points amid profit booking after hitting 50,000-mark

January 21, 2021 5:39:06 pm

Share Market Today: Earlier in the day, the Sensex surged 391.89 points (0.79 per cent) to hit a record high of 50,184.01, however, a selloff in the late afternoon session led the BSE benchmark to give up the 50,000-mark and slip marginally.

Banks red-flag: Loans to street vendors in pandemic turning NPAs

January 21, 2021 7:35:29 am

Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%.

Future Group-Reliance Retail deal gets SEBI nod

January 21, 2021 3:50:24 am

As part of the deal, the Future group was to sell its retail, wholesale, logistics and warehouse businesses to Reliance Retail.

Ola partners Siemens for EV facility

January 21, 2021 3:05:09 am

Under the partnership, Ola said it will have access to Siemens’ integrated Digital Twin design and manufacturing solutions to digitalise and validate product and production ahead of actual operations.

Irdai committee proposes traffic violation premium

January 21, 2021 3:02:15 am

According to Ministry of Road Transport, Road Accidents Report issued in 2018, India witnessed 4.67 lakh road accidents that killed 1.51 lakh citizens.