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Equity indices in red; banking, auto stocks fall
Business

Equity indices in red; banking, auto stocks fall

Mumbai, April 22: The key Indian equity indices declined on Thursday morning with selling pressure on banking and auto stocks.Around 10.20 a.m., Sensex was trading at 47,478.71, lower by 227.09 points or 0.48 per cent from the previous close of 47,705.80.It opened at 47,501.71 and has touched...
Rising Covid cases, curbs pull markets lower; Sensex down 1.99%
Business

Rising Covid cases, curbs pull markets lower; Sensex down 1.99%

Mumbai, April 19: Rising cases of Covid-19 infections along with imposition of new restrictions on movement to curb the virus' spread, pulled the Indian equity markets lower on Monday's mid-afternoon trade session.Accordingly, all major sectors other than healthcare were trading in the...
Sensex jumps over 150 pts in early trade; Nifty tests 14,650
Business

Sensex jumps over 150 pts in early trade; Nifty tests 14,650

Mumbai, April 16: Equity benchmark Sensex advanced over 150 points in early trade on Friday, tracking gains in index majors HDFC twins, Asian Paints and HCL Tech amid largely positive cues from global markets. The 30-share BSE index was trading 160.43 points or 0.33 per cent higher at...
Govt should regulate cryptocurrencies, not ban them
Business

'Govt should regulate cryptocurrencies, not ban them'

New Delhi, April 16: As the government plans to come up with a Cryptocurrency Bill, sector stakeholders have said that the government should regulate the cryptocurrency ecosystem, rather than banning them.Experts are of the view that India should formulate regulations in the lines of the development...
Govt offers 50% rebate for startups, micro-industry, women entrepreneurs
Business

Govt offers 50% rebate for startups, micro-industry, women entrepreneurs

New BIS licence NEW DELHI, April 13: The government today slashed the annual marking fee to get a new BIS licence and certification by 50 per cent for micro-industry, startups and women entrepreneurs. It also said the services of BIS are now made available free of cost to everyone and can be...
Save us from doom: Hospitality industry’s SOS to CMs
Business

Save us from doom: Hospitality industry’s SOS to CMs

MUMBAI, April 12: In a last-ditch measure, the apex body Federation of Hotel & Restaurant Associatons of India (FHRAI) sent an SOS to all Chief Ministers and Chief Secretaries today, seeking urgent relief measures to help save the industry from doom as nearly one-third of hotels and restaurants...
Indian economy may clock double-digit growth in 2021: Moody
Business

Indian economy may clock double-digit growth in 2021: Moody's

New Delhi, April 13: The second wave of COVID-19 infections presents a risk to India's growth forecast as the reimposition of measures to curb the spread of the virus will hit economic activity, but a double-digit GDP growth is likely in 2021 given the low level of activity last year, Moody's...
Bihu far from Rongali for dhol-makers in Dergaon this time
Business

Bihu far from Rongali for dhol-makers in Dergaon this time

Sanjoy Kr Hazarika DERGAON, April 11: After passing through a bad phase, the dhol-makers of Dergaon are now hoping that Rongali Bihu will bring them good fortune and that they would be able to earn substantially in the next one month or so, before the second wave of Covid-19 assumes deadlier...
Govt may hike FDI limit in pension sector to 74%
Business

Govt may hike FDI limit in pension sector to 74%

Bill likely in monsoon or winter session NEW DELHI, April 11: The government may hike foreign direct investment (FDI) limit in the pension sector to 74 per cent and a Bill in this regard is expected to come in the next Parliament session, according to sources. Last month, Parliament approved a...
Sensex down 1,100 points amid rising Covid cases
Business

Sensex down 1,100 points amid rising Covid cases

Mumbai, April 12: The key Indian equity indices traded deep in the red on Monday morning with the BSE Sensex dropping around 1,100 points amid resurgent Covid cases across the country and concerns of localised lockdowns.An across-the-board selloff was led by finance, banking, auto and metal...
Centre may redraw bank recapitalisation plan
Business

Centre may redraw bank recapitalisation plan

New challenges NEW DELHI, April 10: The government may redraw the recapitalisation roadmap for public sector banks (PSB) in the current fiscal as the institutions face additional burden to meet interest on interest obligation for all its borrowers while changes in valuation norms for AT1 bonds by...
Second Covid wave heightens risks for India’s banks: Fitch
Business

Second Covid wave heightens risks for India’s banks: Fitch

NEW DELHI, April 9: India’s second wave of Covid-19 infections pose an increased risk to the country’s fragile economic recovery and its banks, Fitch Ratings said. Accordingly, Fitch expects a moderately worse environment for the India’s banking sector in 2021, but headwinds would intensify should...
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