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Bharat Petroleum Corporation Limited was annually taking 2 million tonne of Iranian petroleum usually when Tehran was not under U.S. sanctions ... Oil refiners are preparing to replace their area purchases with Iranian oil in 2nd half of the yearState-run Bharat Petroleum Corp could every year take up to 2 million tonnes of Iranian oil if the OPEC member uses concessions to make its crude oil appealing compared to competing grades, a business authorities said on Thursday. BPCL was yearly taking 2 million tonne of Iranian crude oil usually when Tehran was not under U.S. sanctions. We have been taking 2 million tonnes (per year) of Iranian crude oil, on an average, when things were normal. We will go back to that number ... I won't be taking 6 million tonnes of Iranian oil , said N. Vijayagopal, BPCL's head of finance.Vijayagopal, however, said purchases of Iranian oil depends its pricing compared to the comparable competing grades. Iran was using discounts on crude and shipping on oil sales to Indian refiners.India, the world's third largest oil customer and importer, stopped oil imports from Tehran in 2019 as a momentary waiver approved to some countries expired. Previous U.S. President Donald Trump abandoned the 2015 Iran nuclear handle 2018 and reimposed sanctions.U.S. President Joe Biden's administration and Iran have actually taken part in indirect speak with restore the pact for Tehran to curb its nuclear activities in exchange for a lifting of sanctions. Iranian government spokesman Ali Rabiei stated on Tuesday he was optimistic over Tehran reaching an agreement quickly at talks with world powers to restore a 2015 nuclear deal.Indian refiners are preparing to replace a few of their spot purchases with Iranian oil in second half of this year as the U.S. and Iran inch closer to a deal.He stated the business satisfy about 45 per cent of it oil import needs through spot and the rest through long-lasting agreements. Vijaygopal likewise stated that his business is running its refineries at an average 86 percent capacity as a 2nd wave of COVID-19 has cut local fuel demand.
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If successful, Paytm's initial share sale would surpass Coal India Ltd.'s offering, which raised more than Rs 15,000 crore in 2010 in the country's biggest IPO so far ... The One97 board plans to fulfill this Friday to formally approve the IPOPaytm, India's leading digital payments provider, is aiming to raise about Rs 21,800 crore in a going public late this year, according to a person acquainted with the deal, in what could be the country's biggest launching ever.The start-up, backed by financiers including Berkshire Hathaway Inc., SoftBank Group Corp. and Ant Group Co., plans to list in India around November and its offering might coincide with the Diwali festival season, said the individual, asking not to be called since the information are personal. Paytm, formally called One97 Communications Ltd., is targeting an assessment of around $25 billion to $30 billion.The One97 board prepares to meet this Friday to officially approve the IPO, said the individual. Paytm decreased to comment in reaction to emailed concerns. If successful, Paytm's initial share sale would surpass Coal India Ltd.'s offering, which raised more than Rs 15,000 crore in 2010 in the country's biggest IPO so far.Banks shortlisted to run the Paytm offering include Morgan Stanley, Citigroup Inc. and JPMorgan Chase - Co., with Morgan Stanley the leading competitor, the individual stated. The process is expected to get rolling in late June or early July. The banks did not instantly react to ask for comment.The public market debut will include a mix of brand-new and existing shares to meet regulative responsibilities in India. The country's guidelines require that 10 per cent of shares are drifted within two years and 25% within five years.Paytm, led by founder and Ceo Vijay Shekhar Sharma, has been focusing on ramping up income and monetizing its services over the previous year. It's broadened beyond digital payments into banking, credit cards, monetary services, wealth management and digital wallets. It likewise supports India's monetary payments foundation, the Unified Payments User Interface or UPI.Paytm has fended off stiff competition from a swath of global gamers consisting of Walmart Inc.-owned PhonePe, Google Pay, Amazon Pay along with Facebook Inc.-owned WhatsApp Pay. It has the biggest market share of India's merchant payments.Paytm has more than 20 million merchant partners and its users make 1.4 billion month-to-month deals, according to numbers in a recent business blog site post.In a recent conversation, CEO Sharma said Paytm had its best ever quarter in the first 3 months of this year after pandemic-related spending spurred digital payments.
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The acquisition is Amazon's second-biggest after Whole Foods Market, which it purchased for $13.7 billion in 2017. The deal is created to assist Amazon supercharge its Amazon Prime Video service ... MGM's content is bound in multi-year handle tv networks, former Amazon executives saidAmazon.com Inc said on Wednesday it is buying MGM, the legendary U.S. motion picture studio home to the James Bond franchise, for $8.45 billion, providing it a substantial library of films and TV shows and increase competitors with streaming competitors led by Netflix and Disney+. Privately-held MGM, or Metro Goldwyn Mayer, was established in 1924, owns the Epix cable television channel and makes popular TV shows including Fargo , Vikings and Shark Tank. The deal is developed to help Amazon supercharge its Amazon Prime Video service by keeping consumers engaged and paying a yearly membership that likewise guarantees fast shipment of purchases from its online store. The real monetary worth behind this offer is the gold mine of (copyright) in the deep catalog that we plan to reimagine and develop together with MGM's talented group. It's really interesting and provides numerous opportunities for top quality storytelling, stated Mike Hopkins, senior vice president of Prime Video and Amazon Studios.Amazon's Prime Video faces a long list of competitors consisting of Netflix Inc, Walt Disney Co's Disney+, HBO Max and Apple Inc's Apple TELEVISION+. The companies are increasing costs and broadening in global markets, intending to catch the pandemic-led shift to binge-watching programs online.Amazon has likewise made huge bets courting fans of live sports and has actually picked up financially rewarding licenses to stream games, including a long-term deal with the National Football League that was approximated to cost about $1 billion per year.The proliferating streaming services are likewise scrambling for brands that they can broaden and libraries of older shows and films. Experts have stated this is a huge inspiration for another round of debt consolidation of media properties after a brief hiatus during the pandemic.Underscoring the pattern, AT-T Inc revealed a $43-billion deal last week to spin out its WarnerMedia company and integrate it with Discovery Inc, one of the most enthusiastic yet in the streaming period. Amazon is looking for to end up being a more popular gamer in the entertainment world, and there's no much better method to do that than by purchasing one of the most renowned movie studios in Hollywood, stated Jesse Cohen, senior analyst at Investing.com. It's all about material as the streaming war warms up. The acquisition is Amazon's second-biggest after Whole Foods Market, which it purchased for $13.7 billion in 2017. The cost represents a lofty premium relative to other deals. The cost is about 37 times MGM's 2021 estimated EBITDA - or almost triple the business value-to-EBITDA numerous that Discovery's deal implied for AT-T's content possessions - according to Reuters Breakingviews. MGM started an official sale procedure in December, when it was approximated to be worth about $5.5 billion.The offer can be considered as a doubling down on service technique that Jeff Bezos, Amazon's CEO, articulated at a conference in 2016: When we win a Golden Globe, it assists us sell more shoes, he had stated, referring to Amazon's diverse company divisions.In April, Amazon published its fourth successive record quarterly earnings and boasted more than 200 million Prime loyalty customers. Amazon shares rose 0.3 per cent in early trading. Financially rewarding Franchise RightsAmazon has actually picked up Academy Awards over the years and gradually moved from art-house fare towards material with broader appeal. The MGM acquisition accelerates that move, giving it rights to James Bond, among the most rewarding franchises in movie history that's made nearly $7 billion at package office worldwide, according to MGM.MGM likewise has a huge library of timeless films including Rocky, Moonstruck, and The Silence of the Lambs. The potential to mine this copyright, by making new shows and movies based on popular characters, will assist Amazon draw audiences to Prime, 2 previous Amazon executives informed Reuters.Still, efforts by Amazon to profit off MGM's library won't be easy, or inexpensive. In a lot of cases, MGM's content is tied up in multi-year deals with tv networks, the former Amazon executives said. Amazon can not air MGM's reality program The Voice, for instance, which contractually remains in the hands of NBC.Bringing a new installment of the James Bond legend to Prime viewers may be a particularly difficult task, the sources said. The terms under which MGM obtained the franchise leave control in the hands of the Broccoli household, the Bond movies' producers.News of the acquisition followed rapidly on the return of Jeff Blackburn, Amazon's previous senior vice president supervising material and M-A, who had actually left early this year. Incoming Amazon CEO Andy Jassy had specific trust in Blackburn after decades at Amazon together, hoping he 'd shepherd a complicated merger, the sources said.
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Motherson Group is a leading automotive component makers for initial devices manufacturers ... Competition Commission of India has cleared reorganisation of Motherson GroupThe Competitors Commission of India (CCI) has actually given its approval to a proposal relating to intra-group reorganisation of the Motherson Group under the green channel route.Green channel is an automated approval system, where a combination is considered to have actually been authorized by the CCI upon getting the filing of the notice for the mix by the parties concerned.Motherson Group is a leading automotive part makers for initial devices producers. Commission gets a notification under green channel from Motherson Sumi Systems, Samvardhana Motherson International - Sumitomo Circuitry Systems associating with an intra-group reorganisation of the Motherson Group and is deemed authorized, the regulator had earlier said in a tweet.As part of the deal, Motherson Sumi Systems Ltd's (MSSL) entire domestic wiring harness undertaking will be demerged into its freshly integrated wholly-owned subsidiary, Motherson Sumi Circuitry India Ltd (MSWIL). After the proposed demerger, Motherson Sumi Systems Ltd will be entrusted to the staying company, its entire equity shareholding in MSWIL will stand cancelled and Motherson Sumi Electrical wiring India Ltd's equity shares will be noted on the stock exchanges, according to a combination notification submitted with the regulator.After the demerger, Samvardhana Motherson International Ltd (SAMIL) will be amalgamated by absorption into MSSL, being the resultant company.On proposed amalgamation, MSSL will be relabelled as Samvardhana Motherson International Ltd (brand-new SAMIL). SAMIL's entire equity shareholding in MSSL will stand cancelled and the new SAMIL's equity shares released to the shareholders of SAMIL will be noted on the stock exchanges.Besides, SAMIL will be dissolved without winding up; and the new SAMIL will hold 33.43 per cent of the shareholding in MSWIL on the date of issuance, the notice added.Currently, SAMIL is the single-largest shareholder in MSSL holding 33.43 per cent stake, and SWS holds 25.1 percent shareholding in MSSL as of December 2020.
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RBI Annual Report: On the commercial sector, the central bank said that gross worth addedgrowth in the market contracted dramatically by 7.4 per cent ... RBI Annual Report: Service sector contraction extraordinary in India's historyThe Reserve Bank of India has actually described the contraction in the service sector during 2020-21 as unprecedented in Independent India's history , observing that even throughout the worldwide monetary crisis, it had actually stayed durable. The contraction in the services sector in 2020-21 is unmatched in independent India's history. Even during the international financial crisis, the services sector remained resilient. In 2020-21, however, building suffered in the after-effects of the pandemic due to a stock overhang in property housing, paired with stressed liquidity conditions which restricted new launches. The scenario was worsened by enforced social distancing standards which led to building activity in the very first quarter of 2020-21 getting reduced by half year-on-year, the reserve bank has noted in its annual report for 2020-21. Industrial sector downturnOn the industrial sector, the reserve bank said that the gross value included development in the industry contracted dramatically on a year-on-year basis by 7.4 per cent in 2020-21. This is the 5th year of consecutive deceleration, consisting of 2 succeeding years of contraction in the industrial sector. Throughout the very first quarter of 2020-21, industrial activity plunged dramatically, registering a contraction of 31.1 percent. The turn-around in commercial activity ever since has actually been unstable, RBI has said.IIP information shows that the contraction was severe in case of consumer durables and capital products, as customers shunned discretionary expenditure while firms curbed financial investment. Cumulatively, the IIP declined by 8.6 per cent in 2020-21. At the sub-sectoral level, nevertheless, electricity, gas, supply of water and other energy services tape-recorded a growth of 1.8 percent in terms of gross worth added, the central bank has kept in mind even more in its annual report.The decrease in industrial activity, it has actually stated, was experienced across countries. India saw the severest decline and it was likewise one of the first to revive from contraction in September 2020, along with South Korea and Brazil, though development stayed unstable. The development was supported by enhancement in consumer durables and non-durables, specifically consumer electronics and soft goods, gaining from bottled-up demand, the report observed.Hospitality and transport sector The contraction was likewise severe in contact extensive sectors as activities in hotels, restaurants, and passenger transportation remained much listed below pre-Covid-19 levels. There has been a speedy healing in trading activities as apparent in the collection of the products and services tax (GST) and issuance of E-way bills. This has also imparted a boost to freight traffic. The performance of information technology (IT) companies has been much better than their equivalents in the hospitality and the aviation sections, the central bank said.Housing sector scenarioReferring to the housing sector, the RBI has kept in mind that the revival in the segment during the second half of FY21 has actually been sharp with sales nearly doubling in the 3rd quarter of the financial sequentially, supported by favourable rate of interest, appropriate liquidity and high discounts by developers to clear inventory, besides decrease in stamp duty by a few states . The RBI in its forward looking outlook has said that development potential customers basically depend on how fast India can detain the second wave of Covid-19 pandemic. While the economy has actually not moderated to the extent throughout the very first wave, the surrounding unpredictabilities can serve as a deterrent in the instant period. On the supply side, agriculture has proven its durability, withstanding the shock of the pandemic, hence supplying assistance to rural demand and the economy at large, it has concluded.In case of services, recovery has actually been differed, with revival in building, trade, freight transportation and infotech (IT) related activities. While efficiency of contact-intensive sectors is still crappy, it is likewise improving, the central bank has summed up.Going ahead, as the vaccination drive picks-up and cases of infections fall, a sharp turnaround in growth is likely, supported by strong beneficial base effects, the RBI has revealed hope.
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GST Council meeting: States may look for cut in tax on essential Corona virus materials ... GST Council to be hung on May 28 will be chaired practically by Finance Minister Nirmala SitharamanAfter more than seven months, the conference of the Goods and Services Tax (GST) council will be hung on May 28, and is likely to see a lot of conversation on states seeking a cut in GST rates on necessary Corona infection products, with some even recommending that they must be made tax-free. By the way the meeting, which is being held at a time when the 2nd wave of the pandemic has actually been raving throughout the country leading to countless deaths, is most likely to focus more on the abovementioned issue in addition to GST settlement being sought by states.To be chaired by Financing Minister Nirmala Sitharaman, this would be the 43rd conference of the GST council and will be conducted through video conferencing owing to the raging Corona infection pandemic.In reality financing ministers of a number of states had actually been advising upon Ms Sitharaman to call the conference of the GST council at the earliest to discuss the above pointed out matter.The pressure of holding the conference on the Centre was all the more as the previous GST council was held more than 7 months ago on October 5, 2020. Punjab financing minister Manpreet Singh Badal in a letter composed recently to Ms Sitharaman had asked the Centre to consider GST exemption on vital Corona infection related products like hand sanitisers, face masks, gloves, PPE Kits, temperature level scanners, oximeters and ventilators among others.He likewise highlighted that life-saving items for Corona virus have standard custom tasks of approximately 20 percent and GST of as much as 18 percent, and stated that they need to be tax free.Recently, Ms Sitharaman had actually clarified that getting rid of the 5 percent GST on Corona vaccines will negatively impact the prices as manufacturers would be denied input tax credit who will, in turn, hand down this to the customers as an expense . In his five-page letter to the Union Finance Minister, Mr Badal said despite the fact that the GST council is satisfying after 8 months, the program for it is ordinary ' and does not handle substantive issues that have actually been raised in the past.Earlier on May 12, West Bengal finance minister Amit Mitra had actually composed to Ms Sitharaman, looking for an immediate conference of the GST council to talk about the critical problem of increasing the settlement of Rs 1.56 lakh crore earmarked for states in 2021-22. With states enforcing lockdowns due to the 2nd Covid-19 wave, their payment might be much higher than what the Centre approximated, he had actually composed in the letter.The Union Finance Ministry on May 15 had actually announced that the GST council conference will be hung on May 28. On the other hand the GST council, apart from tax waiver on important Corona infection associated essential products, is also most likely to discuss another essential concern of payment to states in addition to bringing gas into the indirect tax fold.States want an extension of the GST payment beyond July 2022 as financial uncertainty continues in the wake of the pandemic.States were assured compensation for five years after GST application in July 2017 to make up for profits deficiency, if any. This was done as states lost autonomy over indirect taxes due to the GST rollout.
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Krsnaa Diagnostics' IPO will include a fresh issue of shares worth Rs 400 crore and an offer for sale of up to 94,16,377 shares by the existing investors ...
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Seven of 11 sector gauges put together by the National Stock market were trading higher led by the Nifty IT index's 1.5 percent gain ... Banking shares which were witnessing selling pressure in morning deals bounced back.The Indian equity benchmarks moved higher in twelve noon deals led by gains in infotech and automobile heavyweights. The advantage was capped for the benchmarks owing to weakness in HDFC Bank, HDFC, Bajaj Finance and Hindustan Unilever. The Sensex rose as much as 200 points and Nifty 50 index moved above its crucial mental level of 15,350. Reliance Industries, Tata Consultancy Solutions, Infosys, Kotak Mahindra Bank and ITC were amongst the leading movers in the Sensex.As of 12:09 pm, the Sensex was up 175 points at 51,193 and Nifty 50 index climbed 56 points to 15,357. Banking shares which were experiencing selling pressure in morning offers recovered from intraday low levels wherein the nifty Bank index advanced over 300 points from day's most affordable level.Seven of 11 sector assesses put together by the National Stock market were trading greater led by the Nifty IT index's 1.5 percent gain. Auto, Metal, PSU Bank and energy shares were likewise experiencing purchasing interest.On the other hand, financial services, media, pharma and realty indexes were experiencing selling pressure.Mid- and small-cap shares were also seeing uying interest as Nifty Midcap 100 index rose 0.5 percent and Nifty Smallcap 100 index advanced 0.6 per cent.Wipro was top Clever gainer, the stock rose 2 percent to Rs 538. Tata Motors, Kotak Mahindra Bank, Hero MotoCorp, Tata Consultancy Providers, Bajaj Automobile, UltraTech Cement, Tech Mahindra, JSW Steel and Axis Bank likewise increased in between 1-1.7 per cent.On the flipside, Bajaj Financing, Bajaj Finserv, Cipla, Hindustan Unilever, Dr Reddy's Labs, HDFC Bank, Bharti Airtel and ONGC were amongst the losers.The overall market breadth was favorable as 1,714 shares were advancing while 1,233 were trading lower on the BSE.
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Indian Railways amount to packing was 203.88 million tonnes in 2020-21 which was 10 percent more than 184.8 million tonnes of 2019-20 ... Indian Trains freight filling saw a jump in 2020-21 in spite of pandemicDespite the Corona infection pandemic, Indian Railways tape-recorded more than 10 per cent boost in its freight filling in 2020-21, as compared to the matching fiscal of 2019-20, which was a typical year.Indian Railways amount to loading was 203.88 million tonnes in 2020-21 which was 10 per cent more than 184.8 million tonnes of 2019-20. On objective mode, Indian Railways' freight loading for the month of May 2021 is 92.29 million tonnes, which is 10 per cent more than of May 2019 (83.84 million tonnes) and 43 percent more than May 2020 (64.61 million tonnes). The important items transported during May 2021 include 97.06 million tonnes of coal, 27.14 million tonnes of iron ore, 7.89 million tonnes of food grains, 5.34 million tonnes of fertilisers, 6.09 million tonnes of mineral oil, 11.11 million tonnes of cement (omitting clinker) and 8.2 million tonnes of clinker.In the month of May 2021, Indian Railways earned Rs 9,278.95 crores from freight loading.
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Rupee Vs Dollar Rate: At the interbank foreign exchange market, the domestic unit opened at 72.75 against the dollar and signed up an intra-day high of 72.53 ...
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TCS will utilize its deep domain knowledge across industry verticals and technological proficiency to develop a market of blockchain solutions in health care, energy, education and monetary... At 10:25 am, TCS shares were trading at Rs 3,203.95, higher by Rs 45 or 1.45 percent, on the BSETata Consultancy Services has actually partnered with LACChain to establish a blockchain community across Latin America and Caribbean Islands. LACChain is an effort led by IDB Lab, the development lab of the Inter-American Development Bank Group. At 10:25 am, TCS shares were trading at Rs 3,203.95, greater by Rs 45 or 1.45 per cent, on the BSE. TCS will leverage its deep domain knowledge across market verticals, technological know-how, and research and innovation to produce a market of blockchain services in healthcare, energy, education and monetary services, TCS stated in a regulative filing to the stock exchanges.Anupam Singhal, Business Head, Banking and Financial Services, TCS, stated, Our purpose-led technique, powered by our financial investments in research and development, ability to effectively take advantage of environments and harness contextual knowledge, makes us the chosen partner to Inter-American Development Bank, in producing a favorable effect in our society. The partnership serves a greater purpose of social and financial advancement in the area. The BSE Sensex and NSE Nifty had edged marginally greater by 0.1 percent each at the time.
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The pension possessions under management (AUM) accomplished a new milestone and crossed the Rs 6 lakh crore mark (Rs 6 trillion) under the National Pension System (NPS) and the Atal Pension Yojana (APY), after... AUM: Throughout the years, 74.10 lakh civil servant subscribed for the National Pension SchemeHighlightsAUM: Possessions under management crossed Rs 6 lakh crore under NPS, APY AUM: AUM development of last Rs 1 lakh crore were accomplished in 7 months AUM: Possession Under Management grew to 603,667.02 croreThe pension assets under management (AUM) achieved a new turning point and crossed the Rs 6 lakh crore mark (Rs 6 trillion) under the National Pension System (NPS) and the Atal Pension Yojana (APY), after a space of 13 years. According to a recent statement released by the Ministry of Finance on Wednesday, May 26, the Pension Fund Regulatory and Development Authority (PFRDA) revealed that the possessions under management development of the last Rs 1 lakh crore were accomplished in a period of seven months. (Likewise Check Out: Mutual Fund Assets Up 41% At 2.09 Lakh Crore In Fiscal Year 2021 )The Pension Fund Regulatory and Advancement Authority registered a growth in the variety of customers for the National Pension Plan. According to the statement, 74.10 lakh government employees subscribed for the NPS throughout the years, and 28.37 lakh people joined from the non-government sector. The total customer base of the Pension Fund Regulatory and Advancement Authority increased to 4.28 crore. According to federal government information, the overall number of subscribers under the National Pension Plan and Atal Pension Yojana crossed 4.28 crore, and the asset under management grew to Rs 603,667.02 crore. (Likewise Read: All You Need To Know About Atal Pension Plan )The Pension Fund Regulatory and Advancement Authority is the statutory body that was established to promote, manage, and make sure a methodical development of the National Pension Plan. The regulative body was developed by an enactment of the Parliament and likewise managed the pension plans to which the Act applies.Initially, the National Pension Scheme was informed for central government employees hires and was subsequently adopted by practically all state governments for its workers. The pension plan was later reached all Indian people on a voluntary basis and to the business for its employees.
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Sovereign Gold Bond Scheme 2021-22: Customers can earn interest and get guaranteed returns on their financial investment in gold bonds, the current series of which is open till tomorrow - May 28 ...
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RBI Annual Report: Public financial resources were affected by a cyclical downturn in revenues, which was worsened by Covid-19 ... RBI Annual Report: Pandemic has affected economic development outlookThe Reserve Bank of India has noted that India signed up with the international economy in an unmatched contraction in 2020-21, dragged down by the COVID-19 pandemic, headline inflation was elevated for the majority of part of the year led by supply chain interruptions due to the pandemic and spikes in essential food prices.These observations have been made by the central bank in its annual report for 2020-21, which it launched on Thursday.The start of the 2nd wave of Corona infection pandemic in the nation, has activated a raft of modifications to development projections, with the consensus gravitating towards the Reserve Bank's projection of 10.5 per cent for the year 2021-22, with the quarterly separate being 26.2 percent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4.The pandemic itself, particularly the effect and duration of the 2nd wave, is the greatest threat to this outlook, the reserve bank has kept in mind in its annual report.Yet at the same time it has said that upsides likewise originate from the capex push by the government, increasing capability utilisation and the turnaround in capital goods imports. For April and early Might 2021, available high frequency signs present a combined photo . While movement and belief signs have moderated, several activity signs have actually held their own and revealed strength in the face of the second wave, RBI has observed.On inflation, nevertheless the central bank has actually stated that it moderated consequently due to seasonal easing in food prices considering that December 2020, albeit with an upside push from negative base effects throughout February-March 2021. Monetary and credit conditions stayed expansionary and monetary market conditions eased substantially on the back of plentiful liquidity, it stated even more while evaluating the year gone by.Public finances were impacted by a cyclical slowdown in revenues, which was exacerbated by Covid-19, while pandemic-induced fiscal steps risen expenditure, it added further. On the external front, the sizeable contraction in imports relative to exports, under deep recessionary conditions, caused a current account surplus; along with robust net capital inflows, this led to a big accumulation of foreign exchange reserves, the RBI said.GST collections crossed the Rs 1 lakh crore mark for the seventh consecutive month in April and notched up the greatest level on record, recommending that production and services production has actually been maintained.Incidentally, the RBI report covers the working and functions of the central bank for the transition duration of nine months (July 2020 - March 2021) following the decision to change its accounting year from July-June to April-March.
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Royal Enfield will shut its 3 factory from May 27 to May 29, the internal note to workers said ... Royal Enfield will keep its plants in Tamil Nadu shut for three daysEicher Motors Ltd-owned Royal Enfield will shut its 3 south Indian manufacturing plants for 3 days to guarantee security in the middle of increasing COVID-19 cases, according to an internal note seen by Reuters and 2 sources.Royal Enfield - a popular brand in India, the world's biggest motorcycle market, will shut its 3 factory from May 27 to May 29, the internal note to employees said. We will resume operation from Monday, May 31, the internal note to employees signed by Royal Enfield Chief Operating Officer B Govindarajan said. The above days will be compensated later on as per market requirements, Govindarajan said in the note.Royal Enfield did not instantly react to a demand seeking comment.All the 3 plants lie around Chennai in Tamil Nadu. The automaker had actually likewise shut its plants for three days earlier this month from May 13 to May 15. Tamil Nadu is one of the worst hit states with more than 30,000 cases a day recently. The state, a vehicle center, has actually imposed a lockdown but has allowed some factories, including vehicle plants, to continue operating.
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CarTrade IPO will be an offer-for-sale of 12,354,811 equity shares by existing financiers, including Highdell Investment, Macritchie Investments, Springfield Endeavor International and Bina Vinod Sanghi ...
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BPCL Incomes: BPCL reported a 4-fold increase in net revenue of Rs 11,940 crore for the quarter ended March 2021 from Rs 2,776 crore in the very same quarter in 2015 ...
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Indian Railways total freight loading was 203.88 million tonnes in financial 2020-21, compared to 184.88 million tonnes in previous financial, marking a 10 percent growth year-on-year ...
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Investors' belief has actually enhanced in the current days due to a stable decrease in everyday COVID-19 cases in the country ... In May series, Nifty has actually advanced nearly 3 percent and Sensex has gotten 2.71 per cent.The 50-share National Stock market benchmark index - Nifty 50 index - acquired for 5th day in a row to close at an all-time high as day-to-day COVID-19 cases continue to fall. For the majority of part of the day, the equity benchmarks sold a narrow band owing to volatility developing from monthly expiry of Might futures and choice contracts. Nevertheless, late buying in banking shares led by State Bank of India, which likewise closed at a record high, pulled the standards towards day's greatest levels.The Nifty ended at an all-time closing high of 15,338, up 36 points, and Sensex climbed 98 indicate 51,115. In the Might series, the Nifty has actually advanced nearly 3 per cent and Sensex has gained 2.71 per cent.Investors' belief has actually enhanced in the current unpaid to a consistent decrease in day-to-day COVID-19 cases across the country. Previously today, the country reported its least expensive everyday increase of cases in more than a month. The short-term technical condition of the market looks like a sideways correction is in the process. While it is subject to further cost action development, our research suggests it is prudent to await a definitive breakout above 15,400 and technical aspects to enhance before going long in the market. We maintain our cautious stance and recommend the traders to refrain from constructing a brand-new buying position until we see more improvement and breakout above 15,400, Ashis Biswas, Head of Technical Research at CapitalVia Global Research told TheIndianSubcontinent.Buying was visible throughout sectors; all the 11 sector evaluates, barring the index of real estate shares, ended higher led by the Nifty PSU Bank index's over 3 percent gain. The Nifty IT, Media, Metal and Private Bank indices rose around 1 percent each.Mid- and small-cap shares also saw purchasing interest as Nifty Midcap 100 index rose 0.62 per cent and Nifty Smallcap 100 index advanced 1 per cent.State Bank of India was top gainer in the Nifty 50 basket of shares; the stock rose 3 percent to settle at an all-time high of Rs 426.50. Shree Cements, Bajaj Auto, Kotak Mahindra Bank, Tech Mahindra, UltraTech Cement, Tata Steel, Wipro, Axis Bank, Power Grid, Nestle India and Hindalco also rose between 1.4-3.1 per cent.On the flipside, HDFC, ONGC, Indian Oil, Bajaj Finance, Bharti Airtel, Adani Ports Maruti Suzuki, Eicher Motors and NTPC were amongst the losers.The general market breadth was favorable as 1,749 shares closed higher, while 1,380 ended lower on the BSE.
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Gold, silver cost on May 27: Yellow Metal June Futures were trading at Rs 48,795. Silver July futures were trading weak at Rs 71,374 per kg ...
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9 of 11 sector assesses put together by the National Stock Exchange ended greater led by the Nifty IT index's 2 per cent gain ... The Indian equity standards saw a strong trading session on Wednesday with Nifty 50 index advancing for fourth session in a row as investor belief stayed bullish as down pattern in daily COVID-19 cases sustained hopes of a swifter economic resuming. The benchmarks opened on a subdued note but rose in mid-morning offers owing to buying interest in information technology shares. The Nifty 50 index closed near its all-time closing high of 15,315 and Sensex rose as much as 435 indicate move above its important mental level of 51,000. The Sensex ended 380 points or 0.75 per cent greater at 51,017 and Nifty 50 index climbed up 93 points or 0.61 per cent to send at 15,301. 9 of 11 sector assesses compiled by the National Stock Exchange ended greater led by the Nifty IT index's 2 per cent gain. Nifty Real Estate, Media, Auto and Financial Providers shares also saw purchasing interest.On the other hand, metal and PSU banking stocks witnessed selling pressure.Mid- and small-cap shares ended on a mixed note as Nifty Midcap 100 index increased 0.1 per cent and Nifty Smallcap 100 index rose 0.6 per cent.Bajaj Finserv was leading Awesome gainer, the stock increased nearly 5 per cent close at Rs 11,900. Bajaj Financing, Infosys, Grasim Industries, Wipro, UPL, HDFC, Maruti Suzuki, Larsen - Toubro, Tech Mahindra and Mahindra - Mahindra likewise rose 1.5-3 per cent.On the flipside, Power Grid, Hindalco, Tata Steel, NTPC, Tata Consumer Products, Coal India, ONGC, Bharat Petroleum and Adani Ports were amongst the losers.The general market breadth was exceptionally favorable as 1,953 shares ended lower while 1,183 closed greater on the BSE.
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The Council, which is headed by Union Finance Minister Nirmala Sitharaman and includes representatives of all states and Union territories, is meeting for the first time in nearly eight months....
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Gold Silver Price, 26 May 2021: On Multi Commodity Exchange (MCX), gold futures due for a June 4 shipment, were last seen trading greater by Rs 172- or 0.35 per cent - at Rs 49,039 ...
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Specific taxpayers and Hindu Undivided Families can declare for deductions under this section that covers different investments ...
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Berger Paints Share Price Today: On Thursday, Berger Paints opened on the BSE at Rs 838.95, swinging to an intra day high of Rs 838.95 and an intra day low of Rs 787, up until now ... Shares of Berger Paints were last trading 4.11 percent lower at Rs 797.85 on the BSE.Share price of Berger Paints declined more than four percent on Thursday, May 27, a day after the international paint company revealed its January-March quarter results for the financial year 2020-21. On Thursday, Berger Paints opened on the BSE at Rs 838.95, swinging to an intra day high of Rs 838.95 and an intra day low of Rs 787, in the trading session so far. According to a regulatory filing by the firm to the stock exchanges, Berger Paints reported a net revenue of Rs 208.60 crore on a combined basis in the January-March quarter.The company's net revenue in the 4th quarter of the fiscal year 2020-21, more than doubled on account of higher earnings from operations. According to the declaration, Berger Paints reported a net revenue of Rs 103.18 crore in the year-ago period.Berger Paint's earnings from operations stood at Rs 2,026.09 crore in the March quarter, compared to Rs 1,354.84 crore in the matching quarter of the previous financial. The business's board of directors advised for the payment of a dividend of Rs 2.80, or 280 per cent, per equity share of the face value of Re 1 each, completely paid-up for the fiscal year 2020-21, upon approval of the shareholders.On the NSE, Berger Paints opened at Rs 832.35, signing up an intra day high of Rs 833, and an intra day low of Rs 786.15, in the session so far. It was last trading 4.14 percent lower at Rs 797.90 on the NSE.Shares of Berger Paints were last trading 4.11 per cent lower at Rs 797.85 on the BSE.
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ICICI Bank said that with this facility, the new users, including those who are not customers of the bank, can now instantly get a UPI ID, which is immediately linked to 'pockets'... ICICI Bank is the first bank to present such a center for customersICICI Bank today revealed the connecting of UPI or Unified Payments User Interface ID to its digital wallet 'pockets', marking an exit from the current practice which requires such IDs to be linked with a cost savings bank account. With this facility, the nation's second-largest personal bank will allow customers to make UPI payments with the 'pockets' digital wallet. According to a declaration shared by ICICI Bank on Wednesday, May 26, the brand-new users, including those who are not customers of the bank, can now quickly get a UPI ID, which is immediately connected to 'pockets'. (Also Read: ICICI Bank Earnings Leaps 260% To 4,403 Crore In March Quarter )According to the declaration, customers do not need a bank account to utilize a UPI ID on the 'pockets' app. Customers who already have a UPI ID will now get a new ID when they log on to the 'pockets' app. For this effort, ICICI Bank collaborated with the National Payments Corporation of India (NPCI) to connect its 'pockets' digital wallet to the UPI network, so that the customer's UPI ID can be linked to his/her digital wallet. How To Make UPI Payments With ICICI Bank's 'Pockets' Digital Wallet: Detailed GuideIn order to begin utilizing the center, a new user needs to download and log-in to 'Pockets'. Upon effective login, a 'pockets' VPA is instantly produced based on the signed up mobile number of the user.For example, 9999xxxxxx@pockets where '9999xxxxxx' is the signed up mobile number.There are no bank account information needed for the development of the UPI ID, according to ICICI Bank.Users can also customize the auto-created UPI ID to an ID of his or her choice, through the 'modify' alternative under the 'BHIM UPI' within the mobile app.Making UPI payments With ICICI Bank's 'Pockets' Digital Wallet: How will it benefit customers?This new facility will permit consumers to carry out the small value everyday transactions straight from their 'pockets' wallet utilizing the UPI in a safe and protected manner.It will also help customers to simplify the variety of deals being carried out everyday from their cost savings account and additional de-clutter the savings account declaration of numerous entries.The center expands the usage of UPI to young adults such as university student, who might not have a cost savings bank account. Consumers utilizing 'pockets' can pay or get money straight from or to the 'pockets' wallet balance without utilizing their cost savings bank account.The users of 'pockets' digital wallet can use the UPI ID to make person-to-person (P2P) payments such as sending out money to any person's checking account or paying to a contact.Users can likewise carry out individual to merchant (P2M) payments such as paying online at the merchant websites or paying by scanning the QR codes. Users can likewise get benefits on every deal that they make using the wallet.On Wednesday, May 26, shares of ICICI Bank settled 0.42 percent greater at Rs 652.55 apiece on the BSE.
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HDFC Share Price Today: On Wednesday, HDFC opened on the BSE at Rs 2,547, swinging to an intra day high of Rs 2,575.10 and an intra day low of Rs 2,529.65, so far....
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Dispatches of liquid oxygen from all the connected plants in Kalinganagar, Jamshedpur and Angul continued without interruption, the Steel Ministry said ... Steel Plants in Odisha and West Bengal were not impacted by Cyclone YaasDespite cyclone Yaas wrecking the eastern coast states of Odisha and West Bengal, working of all major steel plants in both the states did not get impacted by it. Neither steel nor oxygen production operations were hindered owing to the cyclone making a landfall there.Steel Ministry sources said that throughout a conference hung on May 23 to establish the effect of the cyclone (which was on the verge of making a landfall in Odisha and West Bengal at that time), where the worried state governments and Union Power Ministry authorities were likewise present, it was decided that all states which were dependent on Kalinganagar and Angul steel plants, would take support from Tata's Jamshedpur plant.It has been confirmed that no power disruption was experienced by any steel plant located in Angul, Kalinganagar and Rourkela in Odisha. Tata representatives, who have plants in Odisha have actually validated that there has actually not been any effect of cyclone Yaas on the liquid medical oxygen production operations in their facilities.Dispatches of liquid medical oxygen from all the connected oxygen plants in Kalinganagar, Jamshedpur and Angul continued as normal with no interruption, a main statement launched by the Steel Ministry said.There was a reduction in tankers reaching Kalinganagar as they were diverted to Jamshedpur. This was according to the contingency strategy to counter the approaching cyclone. SAIL plants at Durgapur, Burnpur and Rourkela were also well prepared.The SOP for dealing with such situations was reiterated to all concerned authorities and for that reason no disturbance of steel production or oxygen supply took place.Similarly, personal players like JSPL and JSW who have plants in Angul and Jharsuguda in Odisha were also well prepared and did not face any interruption during cyclone Yaas' landfall there.
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Hitachi ABB Power Grid Share Price: After the announcement of the program, shares of ABB Power Products and Systems edged more than 4 percent higher on Wednesday ...
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Analysts say that listed jewellery retailers and makers will benefit from government's move for mandatorily hallmarking gold jewellery....
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