- MHA refuses FCRA renewal to Mother Teresa’s NGO on Christmas, cites 'adverse inputs'
- Varun Gandhi questions UP govt: 'Curfew at night, lakhs of people at day rallies'
- BJP stunned, AAP scores big win in Chandigarh civic polls
- Tejasvi Surya 'withdraws' call to bring Muslims, Christians back to Hinduism
- Explained: Travel restrictions imposed by states amid Omicron scare
- Big cities will be first to get 5G in 2022: DoT
At 75, rupee hits nearly 4-week high
The Sensex rose nearly 296 points, or 0.52 per cent, to reach 57,420.24 following gains in IT, financials and pharma stocks amid a largely positive trend in global markets.
FY21 cyclone, flood claims: Less than a third settled, most caused by Amphan
As many as 3,428 claims for Rs 1,705 crore are still pending before insurers, according to the Annual Report of the Insurance Regulatory and Development Authority of India (Irdai).
As Centre prioritises thermal plant stocks, non-power sectors’ coal supply to stay low
Non-power sector consumers of coal such as aluminium, steel and cement producers have raised the issue of low coal supplies from Coal India Ltd (CIL) as a result of the Central government’s move to prioritise supply for thermal power plants since July.
At 20%, CPSEs’ capex pace strong, yet below target
Capex by these state-run entities, each with annual investment budget of over Rs 500 crore, was 52 per cent of their aggregate capital expenditure target of Rs 5.96 lakh crore for FY22 in April-November period.
Depending upon how many cos sign up, we will launch Prime index: NSE CEO
Vikram Limaye, MD and CEO, NSE, told Sandeep Singh that while Prime will provide investors with a universe of companies that is identified with higher governance standards, the companies will benefit from brand reputation and potentially a premium on valuation.
Amid Covid worries, insurance net spread further, both life and health
Amid the mass anxiety due to illness and deaths, penetration of the life insurance sector rose from 2.82 per cent in 2019-20 to 3.20 per cent in 2020-21.
GM, Google, Meta etc also not in attendance Microsoft among cos to cancel in-person presence at CES
The US software giant added that it will continue to participate at CES remotely, according to an emailed statement.
BofA expects 8.2% GDP growth next fiscal with more downside risks
The biggest risk to the projection is a derailed consumption demand that has been the main growth driver in the past many years, said the Bank of America Securities India house economists who still believe that consumption demand will remain the key driver of growth next fiscal as well.
Merchants to RBI: Not prepared, extend tokenisation deadline
🔴 If implemented in the present state of readiness, the new RBI mandate could cause major disruptions and loss of revenue, especially for merchants, they said in a letter to the RBI.
Pre-Budget meet: Focus on growth, reforms, say economists
In a pre-Budget consultation meeting with Finance Minister Nirmala Sitharaman, some economists impressed upon the government not to unduly worry about the fiscal trajectory for FY23. The customary pre-Budget meetings were held with the FM virtually between December 15 and December 22.
CiC to GDP ratio remains high at 14.5% for FY21: Currency-in-circulation growth falls
The growth in CiC has fallen to 7.9 per cent (Rs 2.14 lakh crore) in November 2021 as against 22.2 per cent (over Rs 5 lakh crore) growth in the same month a year ago.
RBI intervention prevents Rupee slide
On Monday, despite the Sensex plunging 1,190 points, the rupee gained by 16 paise to settle at 75.90 against the US dollar on dollar sales by banks on behalf of the RBI.
Worries over low demand, Omicron: Recovery ongoing, but remains uneven
🔴 Sustainable and inclusive growth seems some time away given rising inflation, higher interest rates and weak purchasing power of lower-income households could hurt demand in the months ahead.
Need gems, jewellery sector to have bigger ambition: Piyush Goyal
“We need to make this industry not a $40 billion industry alone but have a much much bigger ambition. We on our part will do everything to reach those truly outstanding numbers that you had shown to raise as the potential of this trade,” Goyal said.
City gas infra: Investments of Rs 80K cr in pipeline for 61 areas
Bids for the 65 GAs offered in the 11th city gas licensing round came in on December 15, Petroleum and Natural Gas Regulatory Board (PNGRB) said in a statement.
Forex reserves stem decline, down for third straight week
During the reporting week, the dip in the foreign exchange — or forex — kitty was on account of a decline in foreign currency assets (FCA), a vital component of the overall reserves.
Financial bids received for Pawan Hans: DIPAM Secretary
Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), tweeted, "The financial bids for Pawan Hans disinvestment have been received by the transaction advisor.
Pre-Budget consultations: Social sector experts meet FM; seek job, health spend boost
As part of the pre-Budget consultation meeting, Finance Minister Nirmala Sitharaman on Saturday met experts from sectors including health, education, rural development, and water and sanitation.
FTA talks: Canada in Mar; GCC seeks pact
“Now all the GCC countries have approached us to start negotiations on behalf of the entire GCC grouping,” Commerce Minister Piyush Goyal said, speaking at the annual convention of industry body FICCI.
All four Labour Code draft rules finalised by 13 states/UTs: Govt
Uttarakhand, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Odisha, Arunachal Pradesh, Haryana, Jharkhand, Punjab, Manipur, Bihar, Himachal Pradesh and UT of Jammu & Kashmir are the 13 regions which have finalised draft notifications for The Occupational Safety, Health and Working Conditions Code.
Fin sector players hold virtual meet with FM Nirmala Sitharaman
Sustained credit flow to critical sectors of the economy, structured development of the corporate bond market and need for parity between banks and shadow lenders in certain tax provisions, too, featured in the consultation meeting.
State of the economy report: Outlook remains upbeat, says RBI
🔴 For the Indian economy, the recovery is spearheaded by an uptick in private investment through November-December alongside a turnaround in bank credit offtake and high capex from the government sector (Centre and states), it said.
Need for deliberation, legal formalities may delay crypto, PDP Bills
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, that aims to prohibit private cryptocurrencies with some exemptions, is likely to see some changes in line with the evolving global framework and issues related to aspects of taxation and safeguards for consumers, according to the sources.
Cabinet Decisions: Chip, display units: Nod to Rs 76K-cr scheme
🔴 The policy, apart from giving incentives for setting up of plants to manufacture high quality semiconductors, also plans to enable over the next decade training of 85,000-1,00,000 engineers and technicians who can work in these plants, Electronics and IT Ministry officials said.
WPI inflation at double-digit level for 8th straight month
India's WPI Inflation November 2021: This is the highest level of wholesale inflation in the 2011-12 series and eighth consecutive month in which it has stayed at a double-digit level.
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Punjab FC beat Rajasthan United 2-0 in bizarre I-League match
Pune: Lieutenant Colonel, two other Armymen booked for ‘leaking’ answer key of recruitment exam
Explained: How will Biden’s Covid-19 test giveaway work?
Smarting from setbacks, Congress gears up to take on BJP in Goa polls
2 held for assaulting Dalit leader over sand mining lease in Botad: Police
Covid case count in Ahmednagar school rises to 51, campus declared containment zone
China: Beijing replaces Communist Party head in Xinjiang
Year to end with normal temperatures in state, light rain expected in some parts: IMD
We executed our plans well: Mayank
Pak interior minister says he will buy air ticket for Nawaz Sharif if he is returning