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Its joint venture with state-run NLC India prepares to invest Rs 125,000 crore in solar power projects with a capacity of 3,000 MW, of which Coal India would invest about Rs 60,000 crore ...
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The Defence Ministry has positioned an order with Mahindra Defence Systems Limited (MDSL) for the supply of 1,300 light specialist vehicles to the Indian Army at an expense of Rs 1,056 crore ...
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Products like Snac tac noodles and Yeah! sodas are Reliance's personal label brands - and billionaire Mr Ambani's not-so-secret weapons as he sets his sights on controling the grocery market ...
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The Sensex rose as much as 493 points and Nifty 50 index reclaimed its important psychological level of 14,800....
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Overnight, Wall Street rallied as technology stocks rebounded from a current sell-off stimulated by rising bond yields ...
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Regardless of being the most economically safeguarded, cities experienced the biggest dip of 6% in security levels to 62% in IPQ 3.0 from an earlier 68% in IPQ 2.0 ... Tier 2 cities carried out the worst with a mere 17% ownership of term insurance plans.While COVID-19 has pushed India to become more proactive towards financial planning, the mindset towards monetary security throughout metros, Tier 1 and Tier 2 cities stays noticeably various. Max Life Insurance coverage's India Defense Ratio (IPQ) 3.0 in association with KANTAR reveals that cities continue to feel the most financially protected with a quotient of 43, whereas Tier 1 and Tier 2 cities had a defense quotient of 38 and 33, respectively. Versus the sharp boost in the understanding of life insurance across India, the life insurance coverage ownership level had actually risen the most to 66% in Tier 1 cities, however metros lead with 83% and Tier 2 cities were the least insured at 62% life insurance ownership.Across term insurance coverage understanding and uptake, 65% of Tier 1 understood term insurance coverage items, the most among metros (63%) and Tier 2 (45%). Regardless of that, conversation rate remained lower throughout Tier 1, signing up only 30% term insurance coverage ownership, whereas metros were the most financially safeguarded in the face of difficulties, with 33% term ownership. Tier 2 cities carried out the worst with a mere 17% ownership of term insurance plans.Despite being the most economically protected, metros experienced the biggest dip of 6% in security levels to 62% in IPQ 3.0 from an earlier 68% in IPQ 2.0. Expectedly, Tier 2 cities continued to sign up the most affordable security level of 46%, while Tier 1 had the most affordable reduction of 3% to 61% in IPQ 3.0 compared to 64% in IPQ 2.0. The study demonstrates that there's much work to be done across smaller sized cities, especially Tier 2 to increase the level of economically security and long-lasting protection.Note: IPQ 3.0 comparison with IPQ 2.0 is for 25 cities only (6 cities and 9 Tier 1 and 10 Tier 2 towns)Max Life Insurance bears the obligation of the accuracy and completeness of the above article.Disclaimer: This is an advertorial and TheIndianSubcontinent is not accountable for the accuracy of the content.
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Shares of liquor makers rallied on Tuesday a day after the Delhi Federal government lowered the legal age for drinking to 21 years ... Shares of liquor makers rallied on Tuesday a day after the Delhi Federal government reduced the legal age for drinking to 21 years from 25 years raising hopes of higher need for alcohols going ahead, experts said. Shares of the nation's largest alcohols maker United Spirits increased as much as 2.79 percent to hit an intraday high of Rs 558, Radico Khaitan, maker of Magic Minutes brand name of vodka, rose as much as 6.68 percent to Rs 566.7, Globus Spirits increased 7 per cent, GM Breweries advanced 8 per cent and United Breweries, maker of Kingfisher beer, advanced 1.5 per cent.The legal age for drinking in Delhi has been reduced from 25 to 21, Deputy Chief Minister Manish Sisodia informed on Monday. Announcing a new liquor policy, he said the Delhi government is expecting a hike of at least 20 percent in its annual excise revenue with the reforms.Mr Sisodia said the Delhi government will not run liquor stores. He likewise announced that no new liquor stores will be opened in the nationwide capital. The new import tax policy was approved by the Cabinet today on the basis of the recommendations of the Group of Ministers. It was chosen that no brand-new alcohol stores will be opened in the nationwide capital and the government will not run any alcohol shops. At present, 60 percent alcohol stores in Delhi are run by the government, Mr Sisodia said at a press conference.According to the brand-new guidelines, the minimum allowable location for an alcohol shop need to be 500 square-foot. The primary gate of such shops must not deal with the road.The liquor stores must be built in line with the worldwide standards. Store owners will need to ensure that no public drinking happens near their shops.
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Indian Oil Corporation had last increasedfuel rates on February 27 to an all-time high of Rs 91.17 in the nationwide capital ...
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Most of India's grocery retail occurs at kiranas - small- and mid-sized mom-and-pop outlets which represent 75-78 per cent of the consumer goods market, Ambit Capital approximates ...
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Gauge of 12 banking shares on the National Stock Market Nifty Bank index advanced over 1 percent ... Shares of private and public-sector loan providers were trading greater after the Supreme Court offered relief to banks in the loan moratorium case. The top court on Tuesday refused to extend the six-month loan moratorium period provided by the Reserve Bank of India (RBI) in 2015, stating that it is 'policy decision' on the part of the Centre and RBI. Delivering its verdict on a batch of petitions looking for extension of the loan moratorium period and other reliefs, the bench headed by Justice Ashok Bhushan stated the top court can refrain from doing judicial review of the Centre's financial policy decisions unless they are malafide and arbitrary.Gauge of 12 banking shares on the National Stock Market Nifty Bank index advanced over 1 percent, gauge of PSU Banks advanced 3 per cent and Nifty Private Bank index advanced 1 per cent.Bank of Baroda was leading gainer in the banking area, the stock rose over 3 per cent to Rs 74.70. Bandhan Bank, Punjab nationwide Bank, IndusInd Bank, IDFC First Bank, State Bank of India, Axis Bank and ICICI Bank likewise advanced 1-3 per cent.In March in 2015, the RBI had actually revealed a moratorium on loan instalments due between March 1 and May 31, 2020 and subsequently extended it by three months till August 31, 2020. The loan relief was implied for individual, housing, education, auto and consumer durables loans, loans to micro, little and medium business (MSME), besides loans to micro, little and medium business (MSME) and charge card charges, based on applicable conditions.The leading court likewise said that a complete waiver of interest throughout the moratorium period might not be granted as banks need to pay interest to account holders and pensioners.As of 2:06 pm, Nifty Bank index was outshining the Nifty by rising over 1 per cent compared to a gain of 0.45 per cent in the Nifty.
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He was likewise one of the essential people behind the launch and success of Google Pay in India and assisted the payment app's relaunch in the U.S. and Singapore ... Senior Google executive Caesar Sengupta, head of the tech giant's payment efforts, stated on Monday he was leaving the business next month, after 15 years. I remain extremely positive about Google's future however it's time for me to see if I can ride without training wheels, Sengupta, vice president and general supervisor of payments and the 'Next Billion Users' initiative, stated in a LinkedIn post.He was also one of the essential people behind the launch and success of Google Pay in India and helped the payment app's relaunch in the U.S. and Singapore. The payment facility is now utilized by over 150 million users in 30 nations. My last day at Google will be April 30th. I haven't decided what I will start next, stated Mr Sengupta, who is based in Singapore. ... Caesar has played an essential role in beginning, building and leading efforts such as ChromeOS, Next Billion Users and Google Pay. We are excited to see what he develops next and want him the very best in his new journey, a Google Spokesperson said in an emailed statement.Mr Sengupta's departure comes amidst a boom in the digital payments organization in India, where the sector is anticipated to more than double in size to $135 billion in 2023 from 2 years ago, according to Indian market body ASSOCHAM.
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Powergrid Corporation has signed a share purchase contract with Jaiprakash Power Ventures for acquisition of 74 percent stake of Jaiprakash Power Ventures Limited in Jaypee Powergrid Limited ...
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The criteria staged a gap up opening where the Sensex rose as much as 456 points to move above 50,000-mark and Clever 50 index touched an intraday high of 14,867.75 ... As of 12:45 pm, the Sensex was up 113 points at 49,884 and Nifty increased 26 points to 14,766. The Indian equity criteria came off intraday highs in noon offers on the back of increased volatility. The volatility index on the National Stock Exchange spiked 3.59 percent to 21.23. The standards staged a space up opening in which the Sensex increased as much as 456 indicate move above 50,000-mark and Nifty 50 index touched an intraday high of 14,867.75. Offering pressure in heavyweights like HDFC, ITC, Kotak Mahindra Bank, Power Grid and Bharti Airtel weighed on the benchmarks. As of 12:45 pm, the Sensex was up 113 points at 49,884 and Nifty rose 26 indicate 14,766. 8 of 11 sector determines compiled by the National Stock market were trading higher led by the Nifty PSU Bank index's almost 2 per cent gain. Banking shares saw purchasing interest after the Supreme Court declined to extend the six-month loan moratorium period offered by the Reserve Bank of India (RBI) last year, saying that it is 'policy decision' on the part of the Centre and RBI. Delivering its verdict on a batch of petitions looking for extension of the loan moratorium period and other reliefs, the bench headed by Justice Ashok Bhushan stated the leading court can refrain from doing judicial review of the Centre's financial policy choices unless they are malafide and arbitrary. Nifty Real Estate, Private Bank, Bank, Car and IT shares were likewise experiencing buying interest. On the other hand, metal, media and FMCG indexes were trading with a negative bias. Mid- and small-cap shares were trading combined as Nifty Midcap 100 index rose 0.8 percent and Nifty Smallcap 100 index advanced 0.2 percent. Adani Ports was leading Nifty gainer, the stock increased as much as 4.67 per cent to strike an intraday high of Rs 755.35 after the company informed exchanges that it has obtained managing stake in Gangavaram Port (GPL) from DVS Raju Family. Adani Ports and SEZ acquired additional 58.1 per cent stake in Gangavaram Port from DVS Raju Household for Rs 3,604 crore taking its stake in Gangavaram Port to 89.6 per cent. Shares of the nation's biggest automobile maker - Maruti Suzuki - rose as much as 1.68 percent to hit an intraday high of Rs 7,223 after the business post market hours on Monday stated that it will increase automobile prices starting April on the back of increase in input costs. Divi's Labs, Tata Motors, Titan, IndusInd Bank, UltraTech Cement, State Bank of India, Axis Bank, Reliance Industries, Eicher Motors and ICICI Bank were also among the gainers. On the flipside, Hindalco, Power Grid, ONGC, ITC, NTPC, HDFC, GAIL India, Tata Steel, Sun Pharma, Grasim Industries and JSW Steel were amongst the losers.
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In January, Maruti had cited a rise in input costs and said it will hike price up to Rs 34,000 on some car models....
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Adani Green Energy's arm got a letter of award for 300 MW wind power job under a tender of Solar power Corporation of India ...
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Adani Ports had previously this month got Warburg Pincus' 31.5 per cent stake in Gangavaram Port ... Gangavaram Port is located in the northern part of Andhra Pradesh beside Vizag Port.Shares of Adani Ports and Unique Financial Zone rose as much as 4.67 percent to strike an intraday high of Rs 755.35 after the business notified exchanges that it has acquired managing stake in Gangavaram Port (GPL) from DVS Raju Family. Adani Ports and SEZ obtained extra 58.1 percent stake in Gangavaram Port from DVS Raju Family for Rs 3,604 crore taking its stake in Gangavaram Port to 89.6 per cent. (Track Adani Ports stock rate here)Adani Ports had previously this month got Warburg Pincus' 31.5 percent stake in Gangavaram Port.Gangavaram Port is located in the northern part of Andhra Pradesh beside Vizag Port. It is the second biggest non-major port in Andhra Pradesh with a 64 million metric tonne capacity established under concession from Government of Andhra Pradesh that extends till 2059. It is an all-weather, deep water, multipurpose port efficient in dealing with completely packed extremely cape size vessels of as much as 200,000 DWT. Currently, GPL operates 9 berths and has complimentary hold land of 1,800 acres. With a master plan capacity for 250 million metric tonne per year with 31 berths, GPL has sufficient headroom to support future growth, Adani Ports said in a press release.Gangavaram Port manages a varied mix of dry and bulk commodities including Coal, Iron Ore, Fertilizer, Limestone, Bauxite, Sugar, Alumina, and Steel. GPL is the entrance port for a hinterland spread over 8 states across eastern, southern and central India. The acquisition of GPL is a further enhancement of our vision of taking advantage of an expanded logistics network effect that produces greater worth as it expands. Every extra node that we are able to add to our network permits us to deliver a greater level of integrated and improved solutions to our consumers. In this context, GPL is a tremendous addition to our portfolio, Karan Adani, CEO and entire time director of Adani Ports and SEZ, said in a statement.As of 11:53 am, Adani Ports and SEZ traded 1.78 per cent greater at Rs 734, outperforming the Sensex which was trading on a flat note.
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Intense selling pressure in banking heavyweights like HDFC Bank, ICICI Bank, IndusInd Bank and Axis Bank was countered with buying in IT stocks....
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Asian markets were holding their nerve on Monday as a plunge in the Turkish lira evaluated risk hunger, with stocks and bonds revealing just a restricted quote for safe-havens ...
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The loan relief was suggested for individual, housing, education, auto and consumer durables loans, loans to micro, little and medium business (MSME), besides loans to micro, little and medium enterprises... The Supreme Court on Tuesday refused to extend the six-month loan moratorium duration offered by the Reserve Bank of India (RBI) in 2015, saying that it is 'policy choice' on the part of the Centre and RBI. Delivering its verdict on a batch of petitions seeking extension of the loan moratorium period and other reliefs, the bench headed by Justice Ashok Bhushan said the top court can refrain from doing judicial evaluation of the Centre's financial policy decisions unless they are malafide and arbitrary.On March 27, the RBI had actually revealed a moratorium on loan instalments due in between March 1 and May 31 and consequently extended it by three months till August 31, 2020. The loan relief was implied for personal, real estate, education, car and consumer durables loans, loans to micro, little and medium business (MSME), besides loans to micro, small and medium enterprises (MSME) and charge card dues, subject to suitable conditions.The leading court also stated that a total waiver of interest throughout the moratorium period might not be granted as banks need to pay interest to account holders and pensioners.The federal government was opposed to waiver of interest during moratorium duration as it would burden the banks with an approximated amount of Rs. 6 lakh crores. However, it had proposed waiving of compound interest for loans up to Rs 2 crores for 6 categories of borrowers.The Supreme Court directed that no substance or penal interest will be charged from borrowers for the six-month loan moratorium period and the quantity already charged shall be refunded, credited or changed.
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Dreding Corporation's shares were in big demand on Monday. Over 1.2 lakh shares changed hands on the BSE ... Shares of state-run digging up business - Dredging Corporation of India - rallied as much as 17 percent to hit an intraday high of Rs 398.95 on the back of heavy trading volumes. The business post market hours on Friday notified exchanges that it has appointed D. Subbarao as Chief Financial Officer of the Company in location of Sumiran Bansal.Dreding Corporation's shares were in substantial need on Monday. Over 1.2 lakh shares changed hands on the BSE compared to approximately 25,000 shares traded daily in the previous two weeks on the BSE, data from stock market showed.Last month, the company had actually informed stock exchanges that it had actually selected Dr. George Yesu Vedha Victor as the managing director and CEO of the business in place of Rajesh Tripath.Shares of government-owned business like BEML, BHEL, GAIL India, Shipping Corporation, Container Corporation of India and SAIL India and others have actually been in demand for quiet sometime after the federal government indicated for a strong push for disinvestment.As of 3:06 pm, Dredging Corporation of India traded 15 percent greater at Rs 391, enormously outshining the Sensex which was down 0.15 per cent.
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The Ministry of Defence has actually signed an agreement withBharat Dynamicsfor the supply of Milan-2T anti-tank assisted missiles to Indian Army at a cost of Rs 1,188 crore ...
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In January, Maruti had actually mentioned a rise in input costs and stated it will hike rate as much as Rs 34,000 on some automobile designs ... Shares of the country's largest vehicle maker - Maruti Suzuki - increased as much as 1.68 per cent to strike an intraday high of Rs 7,223 after the business post market hours on Monday said that it will increase car rates beginning April on the back of rise in input expenses. Over the past year the expense of business's vehicles has been impacted negatively due to increase in numerous input expenses. Hence, it has ended up being imperative for the business to hand down some effect of the above extra expense to consumers through a cost boost in April, 2021, Maruti Suzuki stated in a stock exchange filing. (Track Maruti Suzuki share cost here)In January, Maruti had actually cited a rise in input expenses and stated it will hike price as much as Rs 34,000 on some vehicle models.Rival Mahindra and Mahindra increased costs of its individual and industrial vehicles by 1.9 percent, while Tata Motors raised prices for its traveler lorries by up to Rs 26,000. Last month, Maruti Suzuki released new variation of its popular hatchback automobile Swift. The all-new Swift 2021 features Next Gen K-Series 1.2 litre dual jet double VVT engine with idle start stop feature.Auto sector was already seeing weak need and greater expenses when the COVID-19 pandemic dealt a blow last March.Since then, carmakers have seen need return but have alerted about uncertainties ahead. Numerous carmakers have actually increased rates this year to keep up with increasing costs.As of 10:45 am, Maruti Suzuki shares traded 1.38 percent higher at Rs 7,199, outshining Sensex which was up 0.3 percent.
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Last week, Delhi High Court judge ordered Mr Biyani and others not to dispose of their assets....
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Asian markets were holding their nerve on Monday as a plunge in the Turkish lira evaluated danger appetite, with stocks and bonds revealing just a limited quote for safe-havens ...
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Kaushik Das, chief India economist at Deutsche Bank AG in Mumbai, says if cases continue to surge, it will cost the economy and the impact on growth will be felt in the April to June quarter...
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Ten of 19 sector determines assembled by the National Stock market were trading lower led by the S-P BSE Bankex index's 1.4% decline ... IndusInd Bank was top Nifty loser, the stock fell 3.5 per cent to Rs 976. The Indian equity standards extended losses in afternoon trading as increasing Coronavirus cases in the country continue to dampen financier sentiment. The standards opened lower and extended decreases on the back of selling pressure in banking and financial services shares. The Sensex fell as much as 532 points and Awesome 50 index toppled listed below its essential mental level of 14,650. Reliance Industries, HDFC Bank, ICICI Bank, HDFC and Bajaj Financing were among the most significant drags on the Sensex.As of 12:32 pm, the Sensex fell 487 indicate 49,370 and Nifty 50 index was down 122 points at 14,621. India reported 46,951 fresh coronavirus cases in the last 24 hours - biggest single-day dive because November 7. Overall cases rose to 1,16,46,081, the government information showed. Maharashtra, which has logged the greatest variety of cases in India because the start of the pandemic, yet again saw its most significant single-day dive in fresh cases. 30,535 new infections on Sunday took the tally to 24,79,682. With 3,775 brand-new infections, Mumbai, the nation's financial capital, likewise saw the highest-single day cases.Meanwhile, 10 of 19 sector gauges compiled by the National Stock Exchange were trading lower led by the S-P BSE Bankex index's 1.4 percent decline. Finance, Energy, IT, Car, Customer Durables and Oil - Gas shares were likewise facing selling pressure.On the other hand, Pharma, Real Estate, Power and FMCG shares were witnessing buying interest.Mid- and small-cap shares were surpassing their larger peers as S-P BSE MidCap index increased 0.47 per cent and S-P BSE SmallCap index advanced 0.37 per cent.IndusInd Bank was top Nifty loser, the stock fell 3.5 percent to Rs 976. Power Grid, Tata Motors, ICICI Bank, Reliance Industries, HDFC Bank, Bajaj Financing, Mahindra - Mahindra, Axis Bank, State Bank of India, HDFC Life, HDFC, ONGC, Bharti Airtel and SBI Life also fell in between 1-2.5 per cent.On the flipside, Adani Ports, Sun Pharma, Divi's Labs, Britannia Industries, Cipla, Tech Mahindra and Dr Reddy's Labs were amongst the gainers.
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Indian Oil Corporation had last increased the fuel prices on February 27 to an all-time high of Rs 91.17 in the nationwide capital ...
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Overnight, Wall Street rallied as technology stocks rebounded from a recent sell-off stimulated by surging bond yields ...
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The Delhi High Court also remained a single judge's order restraining Future Retail from going on with its Rs 24,713 crore handle Reliance Retail to sell its business ...
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Rolex Rings' IPO will consist of fresh concern of shares worth Rs 70 crore and an offer for sale of as much as 65 lakh equity stocks by Rivendell PE LLC (previously called NSR-PE Mauritius LLC)...
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