BUSINESS

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BUSINESS

Sensex surges 743 points from day’s low, Nifty50 ends flat, Adani stocks rally up to 9%

June 18, 2021 sanket

New Delhi: A smart intraday rebound helped equity benchmarks recover their initial losses on Friday. Indian markets witnessed a pause in their bearish tone led by a rally in pharma and IT stocks. The benchmark Sensex and Nifty 50 traded higher led by positive global cues as bond yields dive. During initial trading sessions, Sensex […]

BUSINESS

Technology: NASSCOM refutes BoA report, says Indian IT sector to hire 96,000 in Fy22

June 18, 2021 virendra pandit

Virendra Pandit New Delhi: The Indian Information Technology companies are set to hire over 96,000 people in India by 2022. New jobs are being created with the evolution of technology and increasing automation, the changes in nature of traditional technology jobs and roles, industry body National Association of Software and Services Companies (NASSCOM) said. […]

BUSINESS

Tokyo Olympics: Amid fresh Covid threat, Japan braces for ‘uneventful’ Games

June 18, 2021 virendra pandit

Virendra Pandit New Delhi: Never have perhaps the Olympic Games held in ‘peacetime’ been so scary, and listless. Although the International Olympics Committee (IOC) and the Japanese government are going ahead to kick off the Tokyo Olympic Games next month, there is little popular enthusiasm in the host country. On the contrary, the Japanese […]

BUSINESS

Foreign exchange: ‘India’s forex reserves of $600 bn not enough’, says RBI paper

June 17, 2021 virendra pandit

Virendra Pandit New Delhi: India has a record of over USD 600 billion worth of foreign exchange reserves but it is not enough: it falls short on some measures including import cover and liability outflows, according to new research from the Reserve Bank of India (RBI). “While foreign exchange reserves provide cushions against unforeseen […]

BUSINESS

Economy: CII urges Centre to provide Rs. 3 lakh crore stimulus

June 17, 2021 virendra pandit

Virendra Pandit New Delhi: India’s top business and industry body Confederation of Indian Industry (CII) on Thursday requested the Centre to come forward with a fiscal stimulus to the tune of Rs 3 lakh crore along with direct cash transfers to restore domestic demand and the country’s economy. For fiscal 2021-22, the CII pegged India’s […]

BUSINESS

Covid-19: 30% more youngsters bought life insurance in second wave

June 16, 2021 virendra pandit

Virendra Pandit New Delhi: Young professionals usually postpone buying life insurance, often until marriage. Shocked by rising infections and death toll during the second wave of Covid-19 in April and May 2021, however, many of them hurriedly bought term life policies. Working from home, many of these professionals bought term insurance policies online to […]

BUSINESS

Covid-19: With curbs relaxing, the unemployment rate falls

June 15, 2021 virendra pandit

New Delhi: With the pandemic-battered situation improving in the Indian states because of easing of the Covid-19 related restrictions, the unemployment rate has fallen in the country, in what is seen as a good sign for the economy to recovery soon. The second wave of Covid-19, more devastating than the first in terms of human […]

BUSINESS

Business: Adanis refute reports of NSDL action as ‘erroneous’

June 14, 2021 virendra pandit

New Delhi: The Adani Group on Monday informed the stock exchanges that reports on National Securities Depository Ltd (NSDL) freezing the accounts of three foreign funds — Albula Investment Fund, Cresta Fund, and APMS Investment Fund — are “blatantly erroneous”. “It is done to deliberately mislead the investing community. This is causing irreparable loss of […]

BUSINESS

PNB scam: ‘Choksi Indian citizen, misleading Dominican courts’, says CBI

June 14, 2021 virendra pandit

Virendra Pandit New Delhi: India informed the Dominican courts on Monday that fugitive diamantaire Mehul Choksi, an Indian citizen accused in the Rs.13,500 crore Punjab National Bank (PNB) scam, is ‘misleading’ the courts to stall his deportation to India. India’s Ministry of External Affairs (MEA) and the Central Bureau of Investigation (CBI) have formed a […]

BUSINESS

Mango diplomacy: US, China, Egypt, others return Islamabad’s seasonal gifts!

June 12, 2021 virendra pandit

Virendra Pandit New Delhi: Instead of putting its chaotic house to order, Pakistan tried to enter the hearts of over 32 old and new friendly nations through their stomachs: most of them returned the seasonal gifts of mangoes Islamabad sent them! The United States, China, and several other countries have declined to accept mangoes that […]

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