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JK Tyre Share Rate: Shares of the nation's leading tyre maker JK Tyre and Industries rose as much as 6.2 percent to strike an intraday high of Rs 131 on the BSE ...
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The brand-new Aditya Birla Sun Life Insurance's Vision LifeIncome Plus plan uses guaranteed routine income to policyholders and likewise offers versatile bonus payments ... Vision LifeIncome Plus strategy brings a benefit through completely versatile bonus pay-outThe life insurance subsidiary of Aditya Birla Capital Limited (ABCL) - Aditya Birla Sun Life Insurance, released a brand-new hyper-flexible item on Wednesday, May 19 to provide life insurance plans to clients. The brand-new Aditya Birla Sun Life Insurance's Vision LifeIncome Plus strategy provides ensured regular income to insurance policy holders and also supplies versatile bonus payouts. According to a declaration shared by the insurer, the new Vision LifeIncome Plus plan is matched to consumer's financial requirements at all phases of life and is an adjustable cost savings plan. (Also Check Out: Max Bupa Launches 'Senior Citizen First' Plan For Senior People: Examine Benefits )According to Aditya Birla Sun Life, the new non-linked taking part private strategy is developed in such a way that it can offer numerous plan options tailor-made to fit the policyholder's unique financial requirements throughout all stages of life. The cost savings strategy offers ensured regular earnings for as much as 30 years, in order to help customers meet progressing life goals and reap the benefits of a comprehensive life cover.In a distinct function, the Vision LifeIncome Plus plan brings an advantage through completely versatile benefit pay-outs which can be built up for wealth production or withdrawn at the convenience of the policyholder for immediate access to cash. Additionally, the strategy offers tax-free ensured extra earnings for life, besides providing the advantage of liquidity or cash in hand whenever the client needs funds.The Vision LifeIncome Plus strategy provides the flexibility and choice of 3 advantage choices. The alternatives consist of short-term income, long-term income (till age 100 or 85), and entire life earnings, in order to deal with the requirements of policyholders across all phases of life. The short-term income uses ensured regular monthly earnings payable for ten years, in addition to benefits. This alternative is a perfect option for the employed individuals listed below 45 years of age, who can prepare for a secured income or an early retirement.The long-lasting income offers guaranteed annual earnings payable for 20, 25, 30 years, along with bonus offers. This option can assist individuals to attain particular milestones and build a legacy.The entire life income provides guaranteed annual income payable for till the age of 85 years or over 100 years, in addition to rewards. This option is a perfect plan for retirement and tradition preparation.
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Mangalore Refinery Share Cost: Mangalore Refinery opened on the BSE at Rs 52.65, swinging to an intra day high of Rs 52.70, and an intra day low of Rs 51.30, up until now ... Shares of Mangalore Refinery were last trading 2.08 per cent lower at Rs 51.80 on the BSE.Share price of Mangalore Refinery and Petrochemicals Limited edged lower by around two per cent on Wednesday, May 19, a day after announcing January-March quarter outcomes for the financial year 2020-21. On Wednesday, Mangalore Refinery opened on the BSE at Rs 52.65, swinging to an intra day high of Rs 52.70, and an intra day low of Rs 51.30, in the trading session up until now. Mangalore Refinery and Petrochemicals is a subsidiary of Oil and Natural Gas Corporation Limited (ONGC). (Also Read: Mangalore Refinery - Petrochemicals Reports Revenue Of 328 Crore In March Quarter )Mangalore Refinery reported a net earnings of Rs 328 crore in the March quarter of the fiscal year 2020-21. According to a regulatory filing, the firm to the stock exchanges, Mangalore Refinery's gross profits from operations stood at Rs 29,788 crore in the March quarter of the 2020-21, as against Rs 17,545 crore in the matching quarter of previous fiscal. The refinery's exports, consisting of high sea-sales and considered exports throughout the 4th quarter stood at Rs 3,903 crore.Mangalore Refinery will get in into agreements with oil marking firms to enhance its domestic sales. It is likewise is establishing its own retail outlets to capture the retail margins.On the NSE, Mangalore Refinery opened at Rs 52.50, registering an intra day high of Rs 52.70 and an intra day low of Rs 51.30, in the session so far. It was last trading 1.79 per cent lower at Rs 52 on the NSE.Shares of Mangalore Refinery were last trading 2.08 per cent lower at Rs 51.80 on the BSE.
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Indiabulls Housing Finance reported an earnings after tax at Rs 276 crore in the quarter ended March 2021 as against Rs 137 crore in the matching quarter in 2015 ...
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GSK Pharma Q4 Results: GlaxoSmithKline (GSK) Pharmaceuticals reported a net earnings of Rs 14.33 crore in the January-March quarter for the financial year 2020-21 ...
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A number of state refiners, whose refineries are matched to the crude, have dedicated to buy Iranian oil once sanctions are lifted. State-run Bharat Petroleum Corp, which prepares to tap the area market for... India utilized to be Iran's second-biggest oil customer after ChinaOil refiners, expecting a lifting of U.S. sanctions, plan to make area for the resumption of Iranian imports by lowering spot crude oil purchases in the 2nd half of the year, company authorities told Reuters. The world's third-largest oil consumer and importer stopped imports from Tehran in 2019 after former U.S. President Donald Trump withdrew from a 2015 accord and re-imposed sanctions on the OPEC producer over its disputed nuclear programme. U.S. President Joe Biden's administration and Iran have been involved in indirect talk with restore the pact for Tehran to suppress its nuclear activities in exchange for a lifting of sanctions.Analysts anticipate Iran to increase crude exports to 1.5 million barrels daily in the fourth quarter when sanctions are lifted. India, utilized to be Iran's second-biggest oil customer after China, purchasing as much as 480,000 bpd in the beginning April 2018. Several Indian state refiners, whose refineries are matched to the crude, have actually committed to purchase Iranian oil once sanctions are raised. State-run Bharat Petroleum Corp, which prepares to tap the spot market for 45 per cent of its total imports, will buy Iranian oil if sanctions are raised, a company spokesperson said.High sulphur distillate-rich Iranian crude fits BPCL's Kochi refinery and costs $2-$2.5/ barrel less than similar grades, he stated, including that Iran's proximity suggests India likewise has lower freight costs. Hindustan Petroleum Corporation (HPCL) likewise said it would buy Iranian crude if the rate is ideal and it appropriates. HPCL will consider purchasing Iranian oil depending on techno economic suitability as and when sanctions are lifted and scenarios are conducive for business deals, chairman M. K. Surana informed Reuters. Leading refiner Indian Oil Corp is likewise anticipating to lower spot purchases and can quickly process about 2 million tonnes (14.6 million barrels) of Iranian oil this , stated a business source, who declined to be called as he is not authorised to talk to media. India's oil imports from key suppliersPhoto Credit: ReutersThe IOC plans to buy 56 per cent of its imports through term agreements this. Indian refiners have raised the share of area purchases versus term contracts to get from cheaper barrels offered in a surplus market. After the stop in Iranian oil, Indian had diversified its imports and raised its share of U.S. oil.An official at Mangalore Refinery and Petrochemicals Ltd said his company would also cut spot purchases and buy Iranian oil.Share of numerous regions in India's oil importsPhoto Credit: ReutersThe resumption of Iranian oil products will help India replace lower supplies from Iraq and Kuwait, also members of the Organization of the Petroleum Exporting Countries, which has decreased output to support oil prices.India's relations with OPEC's biggest member Saudi Arabia came under stress after it stated the manufacturer group's output curbs were damaging to customers. Tensions eased this month after Saudi Arabia provided India with oxygen to help it handle a surge in COVID-19.
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Gold, Silver Prices Today: MCX, gold futures were down 0.32 percent to Rs 48,520 while silver was off 0.4 percent to Rs 72,073 per kg ... Gold prices fell today while silver too continued with its slideGold costs fell today in Indian markets while silver likewise continued with its slide for the 3rd straight day, as on MCX, gold futures were down 0.32 per cent to Rs 48,520 while silver was off 0.4 per cent to Rs 72,073 per kg.In the previous session, gold had struck a 3-month high of Rs 48,700 per 10 gram. On MCX, gold has support at Rs 48000-47900 levels. In global markets, gold rates were flat at $1,869.50 per ounce. On Wednesday, gold had actually hit a near four-month high of $1,889.75. More powerful dollar and higher bond yields weighed on gold. COMEX gold trades 0.4 per cent lower near $1873 per ounce after a 0.7 percent gain on Wednesday when it checked the greatest level because early January. Gold came under pressure as FOMC minutes kept in mind that conversations over tapering of bond purchases have started even as the central bank continues with an accommodative position, according to Ravindra Rao, CMT, EPATVP-Head Product Research Study, Kotak Securities Ltd.
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The recall will use to Meteor, Classic and Bullet model motorbikes offered in India, Thailand, Indonesia, Philippines, Australia, New Zealand and Malaysia, Royal Enfield said in a statement ... The flaw was found throughout regular internal testing, said Royal EnfieldEicher Motors-owned Royal Enfield stated on Wednesday it will remember near to 236,966 bikes across some models due to flaws in the ignition coil that can cause misfiring and, in unusual cases, an electric short circuit. Royal Enfield is an iconic brand name in India, the world's greatest motorbike market, with a devoted fan-following for its variety of cruisers and classic-looking motorcycles.The recall will use to Meteor, Classic and Bullet design motorcycles offered in India, Thailand, Indonesia, Philippines, Australia, New Zealand and Malaysia, Royal Enfield stated in a statement.The flaw was discovered throughout routine internal screening and the problem has been separated to particular batches of material sourced from our external supplier in between December 2020 and April 2021, the company stated, including that the concern is unusual and does not affect all motorcycles produced throughout the period.Shares of Eicher Motors, which also makes trucks and buses through a joint endeavor with Sweden's Volvo, trimmed some gains after the announcement and was last up 0.3 percent in the middle of a weak Indian market. Royal Enfield also said it expects less than 10 percent of the recalled motorbikes to need replacement of the defective part.
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JBM Vehicle Share Price: On Wednesday, JBM Car opened on the BSE at Rs 455.95, swinging to an intra day high of Rs 455.95 and an intra day low of Rs 430.20, so far ... Shares of JBM Vehicle were last trading 2.27 percent lower at Rs 434.20 on the BSE.Share cost of JBM Car declined around three per cent on Wednesday, Might 19, a day after the vehicle part significant revealed its January-March quarter results for the fiscal year 2020-21. On Wednesday, JBM Automobile opened on the BSE at Rs 455.95, swinging to an intra day high of Rs 455.95 and an intra day low of Rs 430.20, in the trading session so far. According to a statement shared by the company, JBM Car reported a net revenue of Rs 32.24 crore in the March quarter of the 2020-21.(Also Read: JBM Vehicle Net Earnings Increases 103% To 32.24 Crore In March Quarter )JBM Auto reported a net earnings of Rs 15.83 crore reported in the matching quarter of the previous fiscal, marking a jump of 103.65 percent in the 4th quarter of financial 2020-21. The dive in revenue was on the back of robust sales. The company's revenue from operations on a combined basis stood at Rs 744.88 crore in the March quarter, compared to 475.21 crore in the corresponding period of the previous monetary year.JBM Automobile Limited, the automobile component major, is the flagship business of the JBM Group. On the NSE, JBM Vehicle opened at Rs 446, registering an intra day high of Rs 446.95 and an intra day low of Rs 429.70, in the session so far. It was last trading 2.92 percent lower at Rs 433.90 on the NSE.Shares of JBM Vehicle were last trading 2.27 percent lower at Rs 434.20 on the BSE.
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Gold futures for delivery in June fell as much as 0.33 per cent to strike an intraday low of Rs 48,512 per 10 grams ... In international markets, Gold costs got on Thursday, helped by growing U.S. inflationary pressure, Gold, silver rate today: Gold futures for delivery in June fell as much as 0.33 percent to hit an intraday low of Rs 48,512 per 10 grams. In area market, fine gold or 24 carat gold was sold at Rs 48,180 per 10 grams, 22 carat gold was priced at Rs 46,540 per 10 grams, gold with 18 carat pureness was sold at Rs 38,540 and 14 carat gold was retailed at Rs 32,040 per 10 grams, according to India Bullion and Jewellers Association.In international markets, Gold prices climbed on Thursday, aided by growing U.S. inflationary pressure, although gains were suppressed as the dollar rebounded and U.S. Treasury yields rose after Federal Reserve policymakers hinted at a possible shift in future policy.Spot gold was up 0.4 percent at $1,877.15 per ounce by 8:07 am. US gold futures reduced 0.2 per cent to $1,877.50. Gold rates increased more than 1 per cent on Wednesday to their greatest since Jan. 8, however pared the majority of the gains as the dollar index bounced off from a near three-month low and benchmark U.S. Treasury yields increased to a near one-week high after the Fed minutes.Back house, silver futures for delivery in July dropped as much as 0.5 percent to strike an intraday low of Rs 72,012. In sot market, silver was priced at Rs 71,100 per kg. in global market, palladium got 1 percent to $2,895.86 per ounce, silver was stable at $27.76, while platinum edged 0.2 percent greater to $1,193.08.
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To resolve the issue of transporting liquid oxygen in huge cryogenic tanks, Indian Army engineers have converted it into low pressure oxygen gas....
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Trading in cryptocurrencies has actually been prohibited in China because 2019 to avoid cash laundering as leaders try to stop individuals from moving cash overseas ... Bitcoin tumbled Wednesday from $45,600 to $38,570, its most affordable given that early FebruaryBitcoin plunged below $39,000 for the first time in more than 3 months Wednesday after China stated cryptocurrencies would not be allowed in deals and cautioned investors versus speculative trading in them, despite the nation powering most of the world's mining. The comments sent out the unit diving more than 10 percent and dealt it another blow soon after being battered by remarks from tycoon Elon Musk and his Tesla automobile company.Trading in cryptocurrencies has been prohibited in China given that 2019 to avoid money laundering as leaders attempt to stop individuals from shifting cash overseas. The nation had actually been home to around 90 percent of the global sell the sector. And in a declaration, three state-backed industry associations stated cryptocurrency costs have actually increased and dropped, and cryptocurrency trading speculation activities have actually rebounded . The price changes seriously violate individuals's possession security and disrupt regular economic and financial order , said the declaration, which was posted to social networks by the People's Bank of China. The notice alerted consumers versus wild speculation, adding that the losses brought on by financial investment deals are borne by the customers themselves , given that Chinese law offers no security to them. It reiterated that supplying cryptocurrency services to customers and crypto-based monetary items was illegal for Chinese banks and payment companies. Linghao Bao, analyst at Trivium China, said in spite of the ban Chinese investors can still discover methods to buy cryptocurrencies through unlawful vendors. There will constantly be a method to prevent guidelines, he said. The point of this order is to inform banks to up their video game to detect these crypto-related deals. Bitcoin toppled Wednesday from $45,600 to $38,570, its lowest because early February, and well off the record high of $64,870 seen last month. It later edged back above $40,000 but analysts have actually cautioned it could test as low as $30,000. This is the most recent chapter of China tightening up the noose around crypto, Antoni Trenchev, managing partner and co-founder of London-based crypto lender Nexo, stated. - 'Here to remain' -Adam Reynolds, of Saxo Markets, included that avoiding usage of cryptocurrency, which can be transferred out of the country, is vital to preserving capital controls in China. Bitcoin has actually had a torrid few days. It took a heavy hit at the start of the week after Musk appeared to recommend Tesla was preparing to offer its substantial holdings of the unit. Which came days after the electric cars and truck giant said it would halt using it in transactions due to the fact that of environmental concerns. Elon Musk started the ball rolling, Germany-based crypto expert Timo Emden told AFP. It will take some time for them to recover from this shock. Mining cryptocurrency is an extremely energy-intensive procedure needing large quantities of electrical energy in giant data centres.China, which powers almost 80 percent of the global cryptocurrency trade, relies on a particularly polluting type of coal, lignite, to power a few of its mining. If bitcoin was a country, it would use around the exact same quantity of electrical energy a year to mine as Switzerland does in total, Deutsche Bank experts said in a note.However, some Chinese lovers stayed unfazed. This has actually occurred before and it happens every year ... Crypto is here to remain, stated trader and ex-tech industry employee Zeng Jiajun. The Hong Kong Bitcoin Association tweeted, It is popular for the People's Bank of China to ban bitcoin a minimum of once in a bull cycle. China is in the middle of an extensive regulative crackdown on its fintech sector, whose greatest gamers-- consisting of Alibaba and Tencent-- have been hit with huge fines after being condemned of monopolistic practices. The central bank has actually also looked for to promote its own greatly regulated digital yuan, which it is checking throughout the country in pilot plans.
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Offering pressure was broad based as nine of 11 sector assesses put together by NSE were trading lower ... The Indian equity criteria declined on Thursday ahead of weekly expiration of index futures and option contracts. The Sensex fell as much as 121 points and Awesome 50 index slipped listed below its important mental level of 15,000. Stock exchange struggled in Asia for traction on Thursday after a tense session on Wall Street where cryptocurrencies crashed and a hint of tapering talk from the U.S. Federal Reserve drove selling in the bond market and lifted the safe-haven dollar.Benchmarks in South Korea and Japan were either side of flat in early morning trade and Hong Kong's Hang Seng fell about 0.8% to pull MSCI's broadest index of Asia-Pacific shares outside Japan down by 0.2%. Back home, selling pressure was broad-based as 9 of 11 sector determines put together by the National Stock market were trading lower led by the Nifty Metal index's over 3.5 per cent decline. Nifty Realty, Pharma, PSU Bank, Car and FMCG indices were also trading lower.On the other hand, media and select private sector banks witnessed purchasing interest.Mid- and small-cap shares were trading on a flat note as Nifty Midcap 100 index fell 0.1 per cent and Nifty Smallcap 100 index was unchanged at 9,053. Hindalco, Tata Steel, ONGC, JSW Steel, Britannia Industries, Coal India, Sun Pharma, Indian Oil, Grasim Industries, Tata Customer Products, Axis Bank, Tata Motors, Hero MotoCrorp, Nestle India and Bajaj Finance were amongst the losers.On the flipside, Titan, Mahindra - Mahindra, Cipla, Larsen - Toubro, HDFC Life, ICICI Bank, Infosys, Asian Paints, Wipro, Adani Ports, IndusInd Bank and Maruti Suzuki were amongst the significant gainers.The general market breadth was favorable as 1,351 shares were trading greater while 1,020 were decreasing on the BSE.
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Domestic sales of diesel and fuel by state refiners plunged by a fifth in the first half of Might from a month previously, initial data revealed on Monday ...
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Index Funds are based upon an underlying index such as BSE Sensex and NSE Nifty, and these funds simply mirror the efficiency of the index worried ...
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A lot of employers understand the benefits of a succession plan and invest resources to formulate a robust technique to fill essential positions and keep continuity ...
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Rupee Vs Dollar Today: At the interbank foreign exchange market, the local system opened at 73.02 against the dollar and swing to an intra day high of 72.93 ... Rupee Vs Dollar Today: The rupee settled at 73.18 against the dollarThe rupee snapped its winning streak and depreciated 13 paise versus the US dollar on Wednesday, May 19, to settle at 73.18, tracking Asian currencies ahead of the United States Federal meet minutes. The need for the American currency from importers and losses in domestic equities with weaker regional threat cravings likewise weighed on the domestic currency. At the interbank forex market, the local unit opened at 73.02 versus the dollar and swing to an intra day high of 72.93. It saw a low of 73.18. In an early trade session, the domestic unit acquired 5 paise to 73 versus the greenback.The local system pared gains and saw a fall of 13 paise over its previous close, to settle at 73.18 against the dollar. The dollar index, which evaluates the greenback's strength versus a basket of 6 currencies, got 0.20 per cent to 89.93. The Covid cases are moderating in India and Fed's music will stay the same, so possibilities of USDINR bouncing are extremely low. Still traders are waiting for tonight's Fed minutes for the clues about the outlook. The USDINR spot is hovering around 73 zone, the only fear is of RBI intervention in between 72.75-73 zone to curb any excess volatility, said Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services. But in absence of RBI, the sag in USDINR area may continue and USDINR spot might sell between 72.75-73.30, he added. As flows continue (yesterday a corporate offered $ 700 mio) and with less of purchasers of $ in the market USDINR continues to fall just supported by RBI. Let's see when RBI enables it move tad bit greater so that exporters get a chance to sell, stated Mr. Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. The slide in the USD/INR is gathering traction, assisted by the truth that the number of covid cases in India fell below 300,000 for the 2nd day in a row, and the overall covid circumstance is not increasing. At 73.36, the currency pair began the day on a negative note. Sharp increases in local stocks also prefer a weakening of the currency set, stated Kshitij Purohit, Lead International Products - & Commodities at CapitalVia Global Research Limited. Due to IPOs and QIPs planned by some Indian corporations, Dollar inflows are anticipated from offshore financiers. Importers and corporations do not seem buying dollars, and these companies are more than likely waiting for the rupee to enhance even more over the 73.00 barrier. If the 73.00 limit is breached, traders are concerned relating to RBI action, included Mr Purohit.On the domestic equity market front, the BSE Sensex ended 290.69 points or 0.58 per cent lower at 49,902.64, while the broader NSE Nifty slipped 77.95 points or 0.52 percent to 15,030.15. The marketplace stayed totally calm in the very first session of the trading session, however, we experienced a vertical decrease in the 2nd half due to an unexpected fall in US stock futures. The Nifty fell by 77 points while the Sensex fell by 290 points. Shares of Finance and Metals were among the losers, while pharmaceutical and realty stocks increased partially. The Nifty has formed a classic inverted hammer after striking a significant level at 15140, stated Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities. Nifty medium-term pattern remains favorable with positive undertone seen across worldwide markets. For the May series, assistance is seen at 14400; immediate assistance is yet to develop and thus purchasing on corrections is suggested. On the higher side resistance seen at 15200 above which 15500 can be conquered. Automobile, realty and metals stocks trade with a favorable predisposition while banking can be bought on corrections, said Sahaj Agrawal, Head of Research- Derivatives at Kotak Securities.According to provisionary information, the foreign institutional financiers (FIIs) were net purchasers in the capital markets, as they purchased shares worth Rs 618.49 crore on May 18. Brent unrefined futures, the international oil benchmark, fell 1.95 per cent to $ 67.37 per barrel.
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CMIE Joblessness Information: Rural joblessness is at a 50-week high, the last time it had touched a highwas duringthe week ended June 7, 2020 ... CMIE Data: Rural unemployment has actually doubled in a week's timeUnemployment in rural areas spiralled to 14.34 per cent in the week ended Might 16 from 7.29 percent in the week ended Might 9, according to the data released by the Centre for Monitoring Indian Economy (CMIE). Simply put, it has actually doubled within a week.Rural unemployment is at a 50-week high, the last time it had actually touched a high was almost a year ago, throughout the week ended June 7, 2020. Likewise, metropolitan unemployment climbed to 14.71 per cent, 3 percentage points more than a week earlier, while the nationwide unemployment rate soared to 14.45 percent from 8.67 per cent, highlighting an acute task crisis amidst the second Covid wave.According to the CMIE, the employment rate and labour force participation rate have boiled down substantially. At the all-India level, the work rate has fallen to 34.67 percent in the week ended May 16 from 37.72 per cent a week earlier. Economic experts stated the high infection rate and lack of employment opportunities in city clusters due to lockdowns forced people to leave for their towns. In rural pockets, there aren't enough income opportunities.Besides, rural lockdowns and curfews have actually left individuals out of work both in official and informal sectors, and a lull in farm activity in May is including to joblessness.
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Indiabulls Real estate Finance will be in focus after its net earnings increased to Rs 276 crore in the quarter ended March 2021 from Rs 137 crore in the corresponding quarter last year ... The S-P BSE Sensex and NSE Nifty 50 indexex are set to open on a flat note as indicatesd by Nifty Futures traded on the Singapore Exchange. Nifty Futures on Singapore Exchange likewise known as the SGX Nifty futures increased 7 points to 15,042. In yesterday's session, Sensex ended the day at 49,902, lower by 290.55 points or 0.58 percent and the NSE Nifty settled at 15,030.10, down 77.90 points or 0.52 percent. The more comprehensive markets, however, exceeded their largecap peers, with the BSE Midcap index and BSE Smallcap index gaining around half a per cent each.Stock markets had a hard time for traction on Thursday after a tense session on Wall Street where cryptocurrencies crashed and a tip of tapering talk from the U.S. Federal Reserve drove selling in the bond market and raised the safe-haven dollar.Benchmarks in South Korea and Japan were either side of flat in morning trade and Hong Kong's Hang Seng fell about 0.8 per cent to pull MSCI's broadest index of Asia-Pacific shares outside Japan down by 0.2 per cent.Back house, Indiabulls Housing Financing will be in focus after its net profit increased to Rs 276 crore in the quarter ended March 2021 from Rs 137 crore in the corresponding quarter last year.Indian Oil will remain in focus after it reported net revenue of Rs 8,781.30 crore compared to a loss of Rs 5,185.32 crore in the exact same duration a year back, the company said in a statement.
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RBI Guv acknowledged the function being played by public sector banks in extending credit centers to people and businesses in such bumpy rides ... RBI Governor convened with heads of public sector banksWith the second wave of Corona virus pandemic causing extensive havoc across the country, the Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday prompted upon public sector banks to continue with procedures to boost resilience in their balance sheets.In a virtual meeting with heads of state-owned banks, the RBI Governor acknowledged the key role being played by these banks in extending credit facilities to people and services in such hard times.Mr Das inquired to speed up efforts towards carrying out steps revealed by the central bank.The current state of the financial sector, credit flows to different sectors consisting of those to little borrowers, application of Corona infection associated policy measures being taken by the RBI and transmission of the monetary policy, were some of the crucial issues which were talked about during the meeting, main sources said.The conference was also participated in by Deputy Governors M K Jain, M Rajeswar Rao, Michael D Patra and T Rabi Sankar.
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SB Energy India is a joint endeavor between the Japan-based SoftBank Group Corp and Bharti Group, which held a stake of 80 per cent and 20 per cent respectively ...
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Indiabulls Housing Finance's net earnings rose to Rs 276 crore in the quarter ended March 2021 from Rs 137 crore in the matching quarter in 2015 ...
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Chennai Metro: Tata Projects won an agreement from the Chennai Metro Rail Limited or CMRL to constrict a 9 km underground stretch for the Chennai metro network ... Tata Projects secured the letter of acceptance for the Chennai City phase-two orderTata Projects won a contract from the Chennai Metro Rail Limited or CMRL to restrict a nine km underground stretch for the Chennai metro network. This belongs of Chennai Metro phase 2's 3rd corridor, which spans across Venugopal Nagar to the Kellys Station. The agreement includes the building of the underground metro line, city stations across the line, and other associated works, according to news agency PTI. (Also Read: Telecom Major HFCL Wins Order Worth 221 Crore For Kanpur, Agra City Projects )According to the information of the job, the work for the metro line consists of the building and construction of nine-km twin bored tunnels, which cover a total distance of 18 km from the TBM retrieval shaft near Venugopal Nagar to the Kellys city station. It likewise consists of the building of the diaphragm walls of the station box as well as entry and exit structures of the Madhavaram Milk colony, Ayanavaram and Purasaiwakkam High Road Stations, Murari Health center - including its launching and retrieval shafts. Tata Projects has actually secured the letter of approval for the Chennai City phase-two order, according to Mr Raman Kapil, Vice President and BU Head - Metro - & Tunnels - Tata Projects. Our business is carrying out underground city jobs in Mumbai and Pune while having actually successfully completed Lucknow s underground metro line. This brand-new order strengthens our management position and top-notch proficiency in endeavor and successfully executing underground metro railway throughout India, stated Mr Raman Kapil, Vice President, City - & Tunnels, Tata Projects in a recent statement.Once completely carried out, the underground stretch of the Chennai Metro phase-two line will help with passengers in the city, enabling them to take a trip throughout the areas covered by the city corridor, through a much faster, environment-friendly mode of public transportation.
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The strategic collaboration will help unlock new opportunities, deal with the demand for personalised client experiences and digital adoption across the insurance coverage organization worth chain, Infosys said ...
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Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk, but the news from China sent it further down, It hit a......
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Tata Motors was in focus after its combined loss narrowed to Rs 7,605 crore in the fourth quarter ended March 2021 from Rs 9,894.25 crore in the corresponding quarter in 2015 ...
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Steel plants have ramped up daily production capacities, including diverting liquid nitrogen towards production of additional amount of oxygen ... Steel plants have actually ramped up supply of liquid oxygen across the countrySteel plants throughout the nation have increase supply of the important liquid medical oxygen from 538 metric tonnes per day from a month ago period, to more than 4,000 metric tonnes, with supplies touching 4,435 metric tonnes on Might 17, 2021. According to official figures released by the Steel Ministry, out of the 4,435 metric tonnes of liquid oxygen provided by steel plants to numerous parts of the nation, Steel Authority of India Limited (SAIL) supplied 1,485 MT, Rashtriya Ispat Nigam Ltd supplied 158 MT and Tata Steel supplied 1,154 MT.Apart from them, JSW Steel likewise supplied 1,162 MT of liquid oxgen to different parts of the country.Steel plants have actually ramped up everyday production capacities, including diverting liquid nitrogen and argon production capacity towards production of extra quantities of liquid medical oxygen.
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The supply chain is affected by local lockdown restrictions across many parts of the country, particularly at major textile hubs including Ludhiana, Tirupur, Bhilwara, and Surat ... The 2nd wave might a little impact the fabric sector in IndiaThe ongoing second wave of the COVID-19 pandemic in the country might somewhat affect the fabric sector's need and supply in the first quarter of the current fiscal year, according to rating agency Indian ratings and Research (Ind-Ra). The supply chain is impacted by regional lockdown restrictions throughout lots of parts of the country, particularly at major textile hubs including Ludhiana, Tirupur, Bhilwara, and Surat. The lockdown has actually resulted in limited movement of products, which means non-availability of inputs such as material, yarns etc. This might cause a short-term impact on the finished output in the sector.According to the rankings firm, a continual export need coupled with knowings from the very first COVID-19 wave, a stronger balance sheet along with liquidity compared to the 4th quarter of financial 2020-21, will allow the sector credit profile to stay stable in the current monetary year.In the current scenarios of the 2nd wave, the labour accessibility in the fabric sector is also affected but reasonably, and at much lesser severity than that throughout the first COVID-19 wave. The shop floors are most likely to remain functional at a couple of plant websites but at a limited tenancy level. Ind-Ra states that due to strong export markets, the very first quarter of the present fiscal year might not be a 'lost quarter' for the fabric sector.Additionally, most of the cotton fabric players will have an adequate inventory given the 2nd wave hit in April and May this year, and likewise due to the fact that the fresh stock is readily available in between November-March. The supply chain interruption can lead to 20 - 30 percent year-on-year decrease in toplines throughout the very first quarter of this fiscal (April-June). The recovery expectation differs relying on the sub-sector.
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Indian Oil Corporation Q4 Outcomes: Standalone net earnings in January-March at Rs 8,781.30 crore ... Indian Oil Corporation revealed its outcomes for 4th quarter of FY21Indian Oil Corporation (IOC), India's most significant oil firm, on Wednesday reported a net revenue of Rs 8,781.30 crore for the January-March quarter, helped by greater refining margins.The standalone net revenue in January-March was Rs 8,781.30 crore, or Rs 9.56 a share, compared with a loss of Rs 5,185.32 crore in the exact same duration a year back, the company said in a statement.Revenue from operation leapt to Rs 1.63 lakh crore from Rs 1.39 lakh crore last year. The company offered more petroleum products in the 4th quarter of 2020-21 fiscal at 21.2 million tonnes as opposed to 20.69 million tonnes in the previous year.For the 4th quarter of FY21, the Maharatna company's product sales volumes, including exports was 22.591 million tonnes. The refining throughput was 17.592 million tonnes and the throughput of its country-wide pipelines network was 21.849 million tonnes throughout the very same period, the statement added.The Board of Directors of IOC have actually stated a final dividend of Rs 1.50 per equity share.
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Mangalore Refinery and Petrochemicals Limited Q4 FY21 Outcomes: The ONGC subsidiary reported a net revenue of Rs 328 crore in the January-March quarter ...
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