Comment
A Budget that fails to address the hunger pandemic
Dipa Sinha In a year of economic slowdown and growing inequality, we have been presented with a stingy Budget that fails to ensure the bare necessities for all
Comment
A promising Budget with a few disappointments
M.Govinda Rao While the Budget promises to revive the economy faster, it continues to emphasise the protectionist trend
Comment
The Finance Minister has delivered, but the road ahead is long: on Union Budget 2021
Ananth Narayan This Budget scores very high marks on credibility and on its potential to create domestic output and jobs, but much more remains to be done
Markets
Sensex surges 226 points to end at record high; Nifty tops 15,850
PTI Equity benchmark Sensex jumped 226 points to end at a fresh lifetime high on Friday, boosted by ICICI Bank, Axis Bank and Infosys amid positive cues from global markets. The 30-share BSE index closed 226.04 points or 0.43 % higher at record 52,925.04. Similarly, the broader NSE Nifty advanced 69.90 points or 0.44 % to 15,860.35. Tata Steel was the top gainer in the Sensex pack, rising over 4 %, followed by Axis Bank, SBI, ICICI Bank, Bajaj Finserv, L&T and Maruti. On the other hand,- 37mins
Markets
Gold declines marginally by ₹ 66; silver gains ₹ 332
PTI Gold in the national capital on Friday dipped marginally by ₹ 66 to ₹ 46,309 per 10 gram, according to HDFC Securities. The precious metal had closed at ₹ 46,375 per 10 gram in the previous trade. "Spot gold prices for 24 carat in Delhi were down by ₹ 66 reflecting overnight weakness in COMEX gold prices," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel. In contrast, silver jumped ₹ 332 to ₹ 67,248 per kilogram from ₹ 66,916 per kilogram in the previous trade. In the- 49mins
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Markets
Sensex, Nifty open on positive note amid positive global cues
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Markets
Rupee opens on flat note, inches 4 paise higher to 74.14 against USD in early trade
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Markets
Sensex rallies 393 points amid firm global cues; IT stocks shine
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Markets
Rupee rises 9 paise to 74.18 against U.S. dollar in early trade
Economy
USISPF | COVID-19 proves Indian economy's resilience: FM Nirmala Sitharaman
Special Correspondent Finance Minister Nirmala Sitharaman said India is committed to forge a long term relationship with U.S. investors and proposes to meet them twice a year
Economy
RBI sets norms for NBFC dividend distribution
Special Correspondent The Reserve Bank of India (RBI) has decided to prescribe guidelines on distribution of dividend by NBFCs to infuse greater transparency and uniformity in the practice.The guidelines will be effective for declaration of dividend from the profit for the financial year ending March 31, 2022 and onwards.“The board of directors, while considering the proposals for dividend, will take into account supervisory findings of the Reserve Bank (National Housing Bank (NHB) for HFCs) on divergence in
Industry
Reliance to invest ₹75,000 crore in ‘new energy’
Special Correspondent Company to set up four ‘giga factories’ for solar photovoltaic modules, batteries, electrolysers and fuel cells in Jamnagar
Industry
Fitch lifts RIL’s rating a notch above India’s
PTI Fitch Ratings has upgraded Reliance Industries Ltd.’s rating to ‘BBB,’ one notch above India’s sovereign rating, as RIL benefits from cash flow generation across diversified business segments and the continuation of deleveraging. In a statement, Fitch said it had upgraded RIL’s long-term foreign-currency issuer default rating (IDR) to ‘BBB’ from ‘BBB-’, with a negative outlook. At the same time, the agency affirmed RIL’s long-term local-currency IDR at ‘BBB+’ with a stable outlook. The company
Industry
88% SMBs yet to avail any benefit under stimulus package: CIA
Special Correspondent As many as 88% of respondents of a survey conducted among self-employed, small and medium businesses (SMB) said they were yet to avail any benefit under the stimulus packages introduced by the Centre while 82% felt the Union and State governments were not taking care of their interests. These are the findings of a survey conducted by the Consortium of Indian Associations (CIA) and its 40 partner-SMB associations. The findings were released on Thursday. The survey covered more than 81,000