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The coverage will allow workers to obtain social security cover under which they will get sickness, maternity, disability and dependent advantages ... Labour Ministry has actually decided to extend social security cover to all casual local workersThe Labour Ministry has actually directed Workers' State Insurance Coverage Corporation (ESIC) to extend protection under ESI Act to all casual and contractual workers utilized with local bodies in the country. This will enable lakhs of such individuals to get a social security cover under which they will get illness, maternity, special needs and reliant benefits.Significantly, these workers will be qualified to avail medical services through vast network of ESI centers like 160 healthcare facilities and over 1,500 dispensaries all over the nation. ESIC has been asked to use up the matter of supplying social security cover to all casual and contractual employees with the particular state governments, under whose jurisdiction the community fall.Notifications for ESI protection are released by states. The coverage shall be encompassed those casual and legal employees, agencies and facilities which are within the executed areas currently informed under the ESI Act, 1948 by the Central Federal government. For National Capital Region of Delhi, the Central Federal government being the suitable federal government under the ESI Act, the Ministry of Labour and Work has already released the notification for this function on June 7, 2021 to it.Announcing the choice, Labour Minister Santosh Gangwar stated that though lakhs of casual employees work under the jurisdiction of municipal councils and corporations, due to absence of any social security, they are a susceptible lot. The choice to extend the benefits to them under the ESI Act will resolve this concern.
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Besides being risk-free and offering tax advantages, investments in PPF are flexible and easy to manage ...
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India can attain 10 giga tonnes of cumulative carbon dioxide emissions savings in between 2020 and 2050 ... A Niti Aayog report says India has prospective to cut down carbon dioxide emissions by 2050Rapidly growing freight transportation in India is plagued by high logistical expenses and substantially contributes to increasing co2 emissions and air pollution. To resolve this issue, a Niti Aayog report titled 'Quick Tracking Freight In India: A Roadmap For Tidy and Expense Effective Product Transportation', has actually recommended that India has the possible to minimize its logistics cost by four percent of GDP. The nation can attain 10 giga tonnes of cumulative carbon dioxide emissions cost savings in between 2020 and 2050. Even more, the report prepared by the Federal government's think tank, says that India can also lower nitrogen oxide and particle matter emissions by 35 percent and 28 per cent.The report further laid out options for the freight sector associated to policy, technology, market, company models and infrastructure development.Other recommendations include increasing the rail network's capability, promoting intermodal transport, enhancing warehousing and trucking practices, policy measures and pilot tasks for tidy technology adoption, and stricter fuel economy standards.When effectively deployed at scale, the proposed solutions can help India establish itself as a leader in logistics innovation and effectiveness in the Asia-- Pacific area and beyond, it included. Freight transport is a critical backbone of India's growing economy, and now more than ever, it is essential to make this transportation system more economical, efficient, and cleaner. Efficient freight transport will likewise play an essential function in realising the advantages of existing government initiatives such as Make in India, Aatma Nirbhar Bharat, and Digital India, said Sudhendu J Sinha, Advisor (Transport and Electric Movement), Niti Aayog.As India's freight activity grows five-fold by 2050 and about 400 million residents relocate to cities, a whole system change can help boost the freight sector, the report added further.
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JM Financial India Fund II is a category II alternative investment fund (AIF), signed up with market regulator - Securities and Exchange Board of India (SEBI)... On Thursday, shares of JM Financial settled 2.59 per cent higher at Rs 95 each on the BSE.JM Financial personal equity fund finalized a financial investment of Rs 35 crore in a Pune-based consumer packaged food business - Walko Food Company Private Limited, in a bid to fund the company's current growth strategies. According to a declaration shared by the personal equity fund, the proceeds from the financial investment will support the brand-building activities and augmentation of the existing capabilities of the business. This investment marks the closing of the eighth investment by the JM Financial India Fund II.JM Financial India Fund II is a category II alternative mutual fund (AIF), signed up with market regulator Securities and Exchange Board of India (SEBI). After the announcement of the financial investment strategy, shares of JM Financial Limited acquired more than two per cent on Thursday, June 10. On the BSE, JM Financial opened at Rs 92.70, swinging to an intra day high of Rs 96.20 and an intra day low of Rs 92.70, throughout the trading session.On Thursday, shares of JM Financial settled 2.59 percent greater at Rs 95 apiece on the BSE. According to the information of the statement, Walko Food Business owns a natural ice cream brand 'NIC'. The company operates a factory in Pune and retails in more than 50 cities throughout the nation, through multiple sales channels such as parlors, modern-day trade, food delivery platforms.NIC - the ice cream brand name owned by Walko Food, has actually emerged as among the leading brand names in the natural ice cream classification and is the highest-selling ice cream brand name on FoodTech platforms, stated the declaration. Walko likewise owns brand names such as Cream Pot - superior frozen desserts in addition to Café Chocolade- chocolate shake parlors.This is the eighth investment from JM Monetary India Fund II, in line with its strategy of investing in the growth business in the mid-market area. It is a sector-agnostic growth-capital personal equity fund that targets to purchase the high-growth, small to mid-market companies, with a focus on monetary services, customer, infrastructure services, as well as manufacturing sectors.Headquartered in Mumbai, JM Financial is an integrated monetary services group and is listed on stock exchanges BSE and NSE. The group's primary organizations consist of financial investment banking, wealth management, securities with fee and fund-based activities for customers, home loan loaning (both wholesale and retail), distressed credit with asset restoration service, and property management with shared fund service.
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Gold, Silver Price Today, June 10, 2021: On MCX, the yellow metal August futures were trading at Rs 49,022....
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Petronet, which was previously planning to sell gas to fuel station owners, will invest Rs 8,000 crore to set up its own 1000 LNG fuel stations...
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Between 3rd quarter of 2020 to very first quarter of 2021 and from fourth quarter of 2020 to first quarter of 2021, domestic prices saw a development ... India has slipped 12 spots in Knight Frank's home cost indexIndia moved down 12 areas in Knight Frank's worldwide home price index to 55th rank in very first quarter of 2021 against 43rd rank in very first quarter of 2020 with a decrease of 1.6 per cent year-on-year in home prices. The country acquired an area compared to last quarter (fourth quarter of 2020) where it ranked last worldwide amongst 56 countries tracked by the index.With regard to six-month (3rd quarter of 2020 to first quarter of 2021) and three-month (fourth quarter of 2020 to first quarter of 2021) changes, residential prices in India experienced a development of 0.6 percent and 1.4 percent respectively. The report highlighted that the United States witnessed the highest yearly cost development rate considering that 2005 with a 13.2 percent increase year-on-year. In the 12-month portion modification for very first quarter of 2020 to Q1 2021, Turkey continues to lead the yearly rankings with rates up by 32 percent year-on-year followed by New Zealand at 22.1 percent and Luxembourg with 16.6 per cent. Turkey continued to lead the index for 5th successive quarter while Spain was the weakest-performing territory in the very first quarter of 2021 where home rates fell by 1.8 percent followed by India with minus 1.6 per cent.Mainstream domestic prices averaged throughout 56 nations and territories in Q1 2021 grew by 7.3 per cent which tape-records the fastest development in prices since fourth quarter of 2006. According to the report, 7 percent (four nations) of the surveyed international nations and territories registered a decrease in annual cost development while 13 of the 56 countries and territories experienced a year-on-year double-digit development in rates till very first quarter of 2021.
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Affle will hike its stake in native social keyboard service provider Bobble AI to 17.72 per cent from the 8 per cent stake acquisition in August ...
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According to Department of Economic Affairs, the higher economic growth during the fourth quarter may be linked to the unlocking phase and revival in business that was underway during the period....
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All the 11 sector determines, disallowing the index of car shares, ended higher led by the Nifty Media index's over 4 percent gain ... The Indian equity criteria moved higher on Thursday led by gains in Bajaj Finance, Infosys, State Bank of India, Infosys, ICICI Bank, HDFC and Reliance Industries. The standards opened higher and traded firmly greater for a lot of part of the day. The Sensex rose as much as 405 points and Clever 50 index touched an intraday high of 15,751.25. The Sensex ended 359 points or 0.69 percent greater at 52,300 and Nifty 50 index climbed 102 points to close at 15,738. Buying showed up throughout sectors as all the 11 sector assesses, barring the index of automobile shares, ended higher led by the Nifty Media index's over 4 per cent gain.Nifty Bank, Financial Solutions, Metal, Pharma, PSU Bank and Realty indexes also rose between 1-3 per cent.Broader markets surpassed their larger peers as Nifty Midcap 100 and Nifty Smallcap 100 indices advanced almost 2 per cent.Bajaj Financing was top Nifty loser, the stock increased nearly 8 per cent to close at record high of Rs 6,110. Bajaj Financing, State Bank of India, Divis Labs, IndusInd Bank, Wipro, Cipla, ITC, Dr Reddy's Labs, Tata Steel, JSW Steel and Tata Consumer Products also increased in between 1-4 per cent.On the flipside, Bajaj Car, Eicher Motors, UPL, Adani Ports, Shree Cements, Maruti Suzuki, Hero MotoCorp and HCL Technologies were amongst the losers.The overall market breadth was exceptionally favorable as 2,456 shares ended greater while 727 closed lower on the BSE.
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Petrol, Diesel Sales In May 2021: Sales of petrol, increased by 12.4 per cent from a year earlier, but fell about 17 per cent month-on-month to 1.99 million tonnes....
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In her Budget Speech 2021, Financing Minister Nirmala Sitharaman said the Preliminary Public Deal (IPO) of LIC would be floated in 2021-22 as part of the enthusiastic Rs 1.75 lakh crore disinvestment target ... The country's largest life insurer has a property base of Rs 31,96,214.81 crore.The federal government has given a nine-month extension to LIC Chairman M R Kumar till March next year in view of the insurance provider's proposed initial public deal towards completion of the present financial. In her Budget plan Speech 2021, Financing Minister Nirmala Sitharaman said the Initial Public Deal (IPO) of LIC would be floated in 2021-22 as part of the ambitious Rs 1.75 lakh crore disinvestment target. The federal government has approved the proposition of the Department of Financial Solutions for extending the term of Kumar from June 30, 2021 till March 13, 2022, the date when he completes 3 years, sources said.The sources said the rules under the Life Insurance Coverage Corporation Act, 1956, have actually been changed to supply extension beyond 60 years in view of the continuous preparation for the IPO, they added. Kumar was to retire this month upon achieving the age of 60 years.The federal government owns 100 percent stake in LIC. As soon as listed, it is most likely to end up being the country's greatest company by market capitalisation with an approximated assessment of Rs 8-10 lakh crore. On the other hand, the federal government has actually substantially increased the authorised capital of LIC to Rs 25,000 crore from Rs 100 crore to assist in the listing.The nation's biggest life insurance company has a possession base of Rs 31,96,214.81 crore. LIC collected the highest ever new business premium of Rs 1.84 lakh crore in the fiscal ended March 31, 2021, as per provisional data.The market share of the insurance company, which has more than 29 crore policy holders, stood at 81.04 percent in regards to the variety of policies released in March 2021.
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Ion Exchange reported net profit of Rs 62.8 crore and operating income came in at Rs 433 crore, Inon Exchange stated in an investor discussion ... Shares of the Mumbai-based water treatment and environment services supplier - Ion Exchnage - increased as much as 18 per cent to hit record high of Rs 2,395 on the BSE after the company notified exchanges that it has gotten 2 orders for supply of drinking water in Uttar Pradesh. The tasks are anticipated to be valued at Rs 1,000 crore. The Company has received Letter of Award and Contract from State Supply Of Water and Sanitation Mission, Namami Gange and Rural Water System Department under Jal Jeevan Objective for 2 EPC jobs, for survey, design, preparation of Detailed Task Report (DPR), supply, building and construction and commissioning of water treatment plant and O-M for 10 years for rural drinking water system to 1000 villages in 2 districts of Uttar Pradesh i.e. Varanasi and Aligarh, Ion Exchange said in a stock exchange filing.In a separate advancement, Ion Exchange reported net revenue of Rs 62.8 crore and operating income can be found in at Rs 433 crore, Inon Exchange stated in an investor discussion. The company witnessed constant sequential enhancement in the monetary efficiency. Besides dampening the economic healing, the resurgence of 2nd wave of Covid-19 at the end of the quarter has positioned challenges for execution including interruptions in logistics for product movement. There has been a better opportunity flow from the global markets, Ion Exchange added.Ion Exchange (India) Ltd (Ion Exchange), formed in 1964, is a leader in water, waste water treatment - environment options and caters to various markets, institutions, houses - communities.As of 3:15 pm, Ion Exchange shares traded 7.31 percent at Rs 2,185, outshining the Sensex which was down 0.68 percent.
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Manoj Jain, chairman of GAIL (India) said that gas usage in April and May fell by about 10 percent to 15 percent compared to a 50 per cent reduction last year ...
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With a good CIBIL score, you will get options to choose your lender as multiple banks and other financial institutions will be willing to give you a loan...
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Bata India Share Price Today: On Thursday, Bata India opened on the BSE at Rs 1,540, swinging to an intra day high of Rs 1,657.50 and an intra day low of Rs 1,540, so far ... Shares of Bata India were last trading 4.31 percent greater at Rs 1,624.90 on the BSE.Share cost of Bata India acquired more than four per cent on Thursday, June 10, a day after the company announced its January-March quarter results for the fiscal year 2020-21. On Thursday, Bata India opened on the BSE at Rs 1,540, swinging to an intra day high of Rs 1,657.50 and an intra day low of Rs 1,540, in the trading session so far. According to a regulative filing by the business to the stock exchanges, Bata India reported a net earnings of Rs 29.47 crore on a combined basis in the March quarter of financial 2020-21. The nation's biggest shoemaker's net earnings decreased 23.3 percent in the March quarter of fiscal 2021. It reported a net profit of Rs 38.40 crore in the matching quarter of the previous fiscal year. The company's revenue from operations was down to Rs 589.90 crore in the 4th quarter, compared to Rs 620.57 crore in the very same quarter of the previous fiscal.According to the statement, Bata India's board recommended a dividend of 80 per cent - Rs 4 per equity share of Rs 5 each fully paid up for the financial year 202-21. For the whole financial year, Bata India reported a net loss of Rs 89.31 crore, compared to a net profit of Rs 32.89 crore in the year-ago period.On the NSE, Bata India opened at Rs 1,551.60, signing up an intra day high of Rs 1,659 and an intra day low of Rs 1,551.60, in the session so far. It was last trading 4.12 percent higher at Rs 1,622 on the NSE.Shares of Bata India were last trading 4.31 per cent greater at Rs 1,624.90 on the BSE.
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The National Highway Authority of India (NHAI) debarred M/s Lion Engineering Consultants from engagement in future national highway tasks for a period of six months ... NHAI said the specialist failed to carry out the designated responsibilities while delivering services for the projectIn a bid to deal with lapses in the development of national highways, the National Highway Authority of India (NHAI) debarred M/s Lion Engineering Professionals in association with Synergy Engineering Group Private Limited from engagement in any of the future nationwide highway tasks for a duration of six months. According to a declaration shared by NHAI on Wednesday, June 9, the company was engaged for consultancy services of authority engineer for the guidance of four-laning of Barhi-Hazaribagh section in Jharkhand. (Also Check Out: 'Network Survey Lorry' Obligatory For Ensuring Roadway Quality: All You Required To Know )The specialist stopped working to carry out the assigned tasks while delivering services for the job along with executing the arrangements made in the contract agreement. In this regard, a show-cause notice was issued to the company on account of shortages in the cnsultancy services. According to NHAI, a few of the major deficiencies in the consultancy services of the task are as follows: Lapses in the quality assurance of the projectDeficiency in carrying out the regular monthly inspectionHiding details from NHAI in regard to malfunctioning pavement style resulting in insufficient pavement thicknessDeficiencies in the issuance of the non-conformity reports and follow-up actionGross laxity and carelessness in guidance of work with regard to the structures and quality of the project.Earlier, Theme Engineering Services Private Limited was also debarred by the National Highway Authority of India for a duration of six months for the poor quality of work and the exact same decision was maintained by the high court.Meanwhile, the national highway authority introduced a quality examining drive where all the projects are being inspected by special teams of specialists sent out from the headquarters. The professional teams are also checking the efficiency of the specialists who are supposed to keep an eye on the building quality.
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MSP for Kharif Crops: For sesamum, there has been highest absolute increase of price at Rs 452 per quintal, followed by tur and urad ... Federal government has actually treked minimum assistance price for significant kharif cropsKeen to up the pace on farming reforms, mindful of the farmers' agitation over the contentious farm laws and the questionable minimum support price (MSP) concern, the Union Cabinet on Wednesday cleared the increase in support rate for kharif crops for the 2021-22 season.The MSP for major crops like sesamum, tur and urad have been hiked, with the Minister for Farming Narendra Singh Tomar saying that in case of sesamum, there has actually been the highest outright increase of rate at Rs 452 per quintal, followed by tur and urad. MSP for both have actually been repaired at Rs 300 per quintal.The boost in MSP for kharif crops for marketing season 2021-22, main sources said, remains in sync with the announcement made in the Union Budget for 2018-19 concerning repairing the prices at a level of a minimum of 1.5 times of the all-India weighted typical expense of production, in order to supply fair compensation for farmers.According to a statement released by the Ministry of Agriculture, for accomplishing self sufficiency in pulses production, a special kharif technique has been developed which would be executed throughout the ongoing kharif season.For this, a comprehensive mechanism has actually been prepared where both location growth and productivity enhancement for tur, moong and urad will be implemented.As part of this plan, all the available high-yielding varieties of seeds will be dispersed totally free of cost to increase location through intercropping and sole crop, the declaration said.
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Fund mobilisation stood at Rs 1,98,000 crore in Might 2021, compared Rs 2,50,000 crore in April 2021 ... Shared funds industry grew in Might 2021 in regards to property managementThe Association of Mutual Funds of India (AMFI) has stated that local mutual funds market grew from Rs 32.43 lakh crore in April 2021 to Rs 32.99 lakh crore in Might 2021 in terms overall possession under management.According to the month-to-month data released by the association, fund mobilisation stood at Rs 1,98,000 crore in Might 2021, compared Rs 2,50,000 crore in April 2021. Net funds outflow was around Rs 45,000 crore, while based on the data, the equity schemes witnessed inflows of Rs 10,082 crore in Might 2021, a remarkable growth over April 2021, when inflows were just Rs 3,437 crore.The data likewise reflected an essential fact that due to the continuous Coronavirus pandemic, liquid funds witnessed a great deal of need as requirement for cash requirement surged due to growing hospitalisations, particularly in the month of May 2021.
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Indian Railways to restore train services: According to the official circular issued by the Northern railway zone, the authorities have decided to resume services across few routes...
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Indian Railways means to offer LTE or long-lasting advancement, based mobile train radio interaction on its route, with the allotment of the 5MHz 4G spectrum system ...
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Reliance, which runs the refining complex, did not provide a reason for the emergency situation shutdown of the refinery's fluidized catalytic splitting unit (FCCU)... The refinery has the capacity to process 704,000 barrels of unrefined daily (bpd)The nation's personal refiner Reliance Market said on Wednesday a secondary unit at its export-focussed refinery in the western state of Gujarat has actually been shut since June 6, which might delay the shipment of some product freights. The refinery, which has the capacity to procedure 704,000 barrels of unrefined each day (bpd), is part of the world's greatest refining complex in the city of Jamnagar in Gujarat state.Reliance, which runs the refining complex, did not offer a reason for the emergency situation shutdown of the refinery's fluidized catalytic breaking unit (FCCU). The FCCU unit is being repaired on top concern and is expected to be restarted expeditiously, the business stated in a stock exchange filing. Consequently, some item shipments may get postponed and we are working to reduce the effect on our customers, it stated. A source familiar with the matter said that the system will be fixed in a week's time.The refining complex in Jamnagar has 2 refineries. The 704,000 bpd export-focussed plant is adjacent to the 330,000 bpd refinery that primarily sell products in the regional market.
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Delhi-Meerut RRTS: The Delhi portion of the raised area begins with Sarai Kale Khan and passes above the Barapullah flyover while crossing the Yamuna river to reach New Ashok Nagar station....Delhi-Meerut Regional Rapid Transit System: The very first pier of the raised section of the 82.15 km long Delhi-Meerut local fast transit system( RRTS) has been completed near the upcoming New Ashok Nagar station. The Delhi portion of the elevated RRTS passage starts from the Sarai Kale Khan station and passes above the existing Barapullah flyover while crossing the Yamuna river to reach the New Ashok Nagar RRTS station, according to the National Capital Area Transportation Corporation or NCRTC. The Delhi-Meerut is one of the 3 focused on corridors of the very first stage of the RRTS job.(Also Read: Alstom Wins Delhi-Meerut Rapid Rail's Agreement For Signalling, Telecommunications )The height of the built pier in the raised area is 6.5 meters, and the average height of the piers in the stretch differs from 5.6 meters to 17 meters. The first RRTS Yamuna bridge is also under construction for crossing the river practically parallel to the DND flyway.The structure work, consisting of piling and pile caps, is in full swing between New Ashok Nagar to Kondli under bundle six agreement, and around 2 km of foundation work has been completed out of the 9.2 km raised corridor in the national capital. (Also Check Out: Delhi-Meerut Rapid Rail To Have Native Ballastless Track Innovation )The Delhi-Meerut semi-high-speed rail line will reduce the travel time between Delhi and Meerut under 60 minutes, as compared to the present 90-100 minutes. The rapid rail will run at a maximum speed of 160 km per hour. Out of the 82 km long Delhi-Meerut fast rail corridor, the prioritised 17 km-long Sahibabad-Duhai area has been targeted to be functional by the year 2023. The National Capital Area Transport Corporation is accountable for carrying out the RRTS project throughout the national capital area.
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Retail Inflation In India: The June 4-9 poll of 40 financial experts revealed customer rate inflation increased to 5.30 per centin May from a year back, after dipping to a three-month low of 4.29 per centin April ... Retail Inflation at 5.30%, if understood, would hold RBI's two-six or cent range for the sixth monthThe nation's retail inflation likely increased last month after a three-month low in April, raised by greater food and energy rates, but stayed within the Reserve Bank of India's target variety for the sixth successive month, a Reuters survey discovered. In April, the market prices of petroleum products were kept unchanged because of multiple state elections being held then, regardless of rising crude rates, stated Kunal Kundu, India economist at Societe Generale. However right away thereafter, the retail prices were increased about 7 times in Might itself, which led to substantial soaring of this inflation component. The June 4-9 poll of 40 economic experts showed customer price inflation rose to 5.30 percent in May from a year back, after dipping to a three-month low of 4.29 per cent in April.If realised, inflation will have held within the RBI's two percent- 6 or cent comfort range for the 6th month in a row. While there were less supply chain disturbances during the current pandemic lockdowns compared to last year, a general rise in inflation worldwide has elevated domestic cost pressures. Higher international prices for commodities including crude, edible oils and gold are plainly spilling over into consumer inflation, stated Abhishek Upadhyay, senior economic expert at ICICI Securities PD.Inflation was forecast to average five per cent this , according to a Reuters survey of economic experts late last month. That resembled the RBI's estimated average of 5.1 per cent, at its June meeting. Inflation holding within the target variety will likely assist the RBI to focus its policies more towards the economy, which has actually taken a hit from a 2nd coronavirus wave.Even before that wave struck, Asia's 3rd biggest economy broadened just 1.6 percent in the Jan-March quarter from a year back. For this fiscal year, forecasts for development have been repeatedly downgraded by financial experts and significant institutions in recent weeks. Issues of pent-up demand can be found in like in 2015 are extremely reduced since individuals have spent a big amount of their savings on health expenditures, said Yuvika Singhal, economic expert at QuantEco Research. Cost savings in the economy are depleted and ... individuals would wish to hang on to specific quantity of liquidity. While that recommends need would be subdued, increasing input expenses were most likely to press some elements of the inflation basket higher. The wholesale cost index was expected to rise 13.07 percent in Might from a year back, as compared to 10.49 per cent in April. Upside threats emerge from generalised increase in input costs ... beginning to feed gradually into final costs charged to customers, included ICICI's Upadhyay.The survey also showed industrial output likely jumped 120.0 per cent in April from a year back, when it plunged 57.3 per cent from a strict lockdown imposed at that time. The country's infrastructure output - which comprises of 8 main markets and represent about 40 percent of the overall factories' production - increased 56.1 percent in April.
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Financial and pharma stocks are seeing purchasing interest post profit-booking in the recent past; Bajaj Financing, Baja Finserv, SBI and IndusInd Bank, Dr Reddy's and Sun Pharma have actually acquired upto 4 per... Since 1:15 pm, the Sensex is trading at 52,189.50, greater by 252.81 points or 0.49 per centThe benchmark indices have actually extended their gains on Thursday afternoon, ahead of weekly index futures and choice contracts expiry, on the back of broad-based purchasing led by monetary and pharma stocks. As of 1:15 pm, the Sensex is trading at 52,189.50, greater by 252.81 points or 0.49 per cent and the NSE Nifty has advanced 77 points or 0.49 percent to 15,710. On the other hand, in the currency markets, the rupee has actually increased 3 paise to 72.94 versus the United States dollar. At the interbank foreign exchange, the rupee opened at 72.96 against the dollar and then inched greater to 72.94, signing up a gain of 3 paise over its previous close.Financial and pharma stocks are witnessing purchasing interest post the profit-booking in the current past. In the financial area, Bajaj Finance, Baja Finserv, SBI and IndusInd Bank have acquired 2-4 per cent each on the BSE. In the pharma area, Dr Reddy's and Sun Pharma have actually acquired around a percent each on the BSE. And index heavyweight Reliance Industries has actually included 1.4 percent at Rs 2,205.20. Among stocks in the news, GAIL India leapt more than 2 per cent in early trades a day after the state-run business posted a 28.3 per cent increase in net revenue at Rs 1,908 crore in the March quarter against Rs 1,487.3 crore in the previous quarter; the stock is trading absolutely flat at Rs 162.40 on the BSE.Affle India is trading higher by 1.18 per cent at Rs 5,268.50 on the BSE on the news that it will acquire the Latin America-based mobile marketing company Jampp for an undisclosed amount.On the flipside, Bajaj Automobile, Maruti Suzuki and HCL Tech are amongst the significant losers on the BSE, shedding upto a per cent each.
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GAIL Incomes: For 2020-21, revenue prior to tax and earnings after tax stood at Rs 6,386 crore and Rs 4,890 crore respectively ... GAIL Profits: Business's earnings has actually jumped in fourth quarter of 2020-21Maharatna business Gas Authority India Limited (GAIL) tape-recorded a 28 percent dive in its profit after tax for the 4th quarter of 2020-21, as it stood at Rs 1,908 crore. It was at Rs 1,487 crore in the third quarter of the previous fiscal.For the whole year of 2020-21, the stand alone turnover, profit before tax and profit after tax stood at Rs 56,529 crore, Rs 6,386 crore and Rs 4,890 crore respectively. The combined group turnover for the 2020-21 stood at Rs 57,208 crore, revenue before tax was Rs 7,725 crore and revenue after tax was Rs 6,136 crore.The company's profits for the January-March quarter stood at Rs 15,449 crore, while EBITDA (profits with interest, taxes, depreciation, and amortisation) was Rs 2,465 crore.Chairman and Managing Director of GAIL, Manoj Jain said that the operations of the plant and pipelines were steady and no significant shutdown took place throughout 2020-21. Throughout the year, company's capex was Rs 6,982 crore mainly on pipelines, he added. He even more said that under the aegis of Ministry of Petroleum and Gas, GAIL's management has actually provided a thrust to broaden in the areas of compressed biogas, ethanol and renewable resource.
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The benchmark indices ended the day with losses of a little over half a per cent, amid heightened volatililty, due to profit-booking at higher levels...
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Unified Payments Interface (UPI) witnessed over 273 crore transactions in March and breached Rs 5 lakh crore in regards to worth ... The volume of debit card transactions was 110 crore while the value stood at Rs 1.91 lakh crore.New Delhi: Digital transactions in the country throughout January to March duration stood at 93.7 crore in volume terms and Rs 131 lakh crore in value terms, Worldline India stated on Thursday.The total number of debit cards at the end of first quarter of calendar year amounted to 89.8 crore while charge card numbered 6.2 crore. The point-of-sale terminals were 47.2 lakh.The volume of debit card transactions was 110 crore while the value stood at Rs 1.91 lakh crore. On the other hand, the volume of charge card deals stood at 52.4 crore and their worth stood at Rs 1.97 lakh crore.Mobile based payments volume amounted to 832 crore with value of Rs 31.9 lakh crore. Of these, transactions of mobile wallets amounted to 113 crore with worth of Rs 41,175 crore.Unified Payments Interface (UPI) experienced over 273 crore deals in March and breached Rs 5 lakh crore in terms of value.The Reserve Bank of India (RBI) in its yearly report 2020-21 said digital payment systems recorded a robust growth of 26.2 per cent in regards to volume on top of the growth of 44.2 percent in the previous year. This clearly indicates the growing confidence among consumers towards digital payments not just in tier one and two cities however also in tier three and beyond, said Deepak Chandnani, Managing Director of Worldline South Asia and Middle East. Although the restrictions on the motion of individuals and relentless lockdowns might have compelled individuals to embrace digital payment modes, the benefit, openness and security of digital payments will guarantee client stickiness in the years to come.
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Rupee Vs Dollar Rate Today: At the interbank forex market, the local system opened on a negative note at 72.90 versus the dollar, after its previous close of 72.89 ... Rupee Vs Dollar Today: The rupee settled at 72.97 against the dollarRegistering decline for the second straight day, the rupee diminished by eight paise versus the United States dollar to settle at 72.97, following a soft pattern in domestic equities. At the interbank forex market, the regional system opened on a negative note at 72.90 against the dollar, after its previous close of 72.89. The rupee swung in the series of 72.88 to 73.02 against the dollar during the day prior to closing at 72.97. In an early trade session, the local system opened on a flat note, slipping one pair to 72.90 against the greenback. The domestic currency has lost 17 paise in the 2 trading sessions to Wednesday, June 9. On the other hand, the dollar index, which evaluates the greenback's strength against a basket of 6 currencies, slipped 0.09 percent to 89.99. According to traders, the domestic system traded in a narrow variety in the middle of the absence of any major data in the domestic and the international markets. The USDINR area is hovering around 73 zone, whether it will bounce or not depends on US CPI. The fx traders await some guidance from tomorrow's CPI data and ECB policy. An upbeat CPI information won't provide a reason for the Fed to defer the tapering dispute a little longer however all will be revealed at the June 16th FOMC meeting, stated Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services.Until then in USDINR spot, 73.25-73.30 is a crucial resistance, a consistent above that can press costs towards 73.60-73.75 zone while 72.75-72.50 will act as essential assistance, he included. USDINR has actually become a little biddish the other day as oil costs rose and we approach the inflation data tomorrow and FED meeting on 16th and 17th. A series of 72.80 to 73.15 is expected for the day. Importers to purchase the lower end while exporters to sell at the upper end. A bit of caution is needed for the information and the satisfy, said Mr Anil Kumar Bhansali, Finrex Treasury Advisors.On the domestic equity market front, the BSE Sensex ended 333.93 points, or 0.64 per cent lower at 51,941.64, while the broader NSE Nifty declined 104.75 points or 0.67 percent to close at 15,635.35. The rupee found some support from inflows on account of Shriram Transport QIP of Rs. 2000 crores. That apart, upcoming IPO's on account of Shyam Metallic Rs 1100 cr, Utkarsh Small Finance Bank Rs.750 cr, and Glenmark Life Sciences Rs.1100 cr might draw in some FII streams and support the rupee, said Mr Amit Pabari, MD, CR ForexFurther drive in rupee movement will be tracked whether RBI gets lax on rupee gratitude or cap its gains thereof. Technically, the next support for the set is near 72.70 levels and 73.30 stays a strong resistance, keeping the pair consolidated in between 72.70-73.30 for the near term, included Mr Pabari. Today, strong rejection at 15800/52500 levels resulted in a vertical decrease in the market. The Nifty/Sensex fell to 15565/51717 in a short period of time. The marketplace breadth, which was extremely positive in the very first half of the trading session, turned negative in the second half and the marketplace closes easily listed below the levels of 15670/52100. It's a bearish reversal formation for the market and in the next a couple of sessions, the market might fall to 15500 or 15450 levels, stated Shrikant Chouhan, Executive Vice President, Equity Technical Research Study at Kotak Securities.According to exchange data, the foreign institutional investors were net buyers in the capital market on June 8 as they bought shares worth Rs 1,422.71 crore. Brent unrefined futures, the international oil standard, increased 0.35 per cent to $ 72.47 per barrel.
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Tata Motors Share Price: On Wednesday, Tata Motors opened on the BSE at Rs 356.50, swinging to an intra day high of Rs 358.80 and an intra day low of Rs 339.60, so far....
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