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‘States’ reopening not prudent as vaccination rates still low’

PTI Using test positivity as guiding factor may create challenges: Oxford Economics

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Centre further eases norms for voice-based BPOs

Special Correspondent To help consolidate India’s position globally, lower costs

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German car-parts firm ZF exits Brakes India

N Anand Licence, tech agreements to continue

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TII to spend ₹250 cr. in capex

N Anand Firm to focus on electric 3-wheelers, expansion plans

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High raw material prices threaten survival of MSMEs

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HDFC Bank’s key strategy is digital marketing: MD

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Bulk transportation of mangoes resuming at a mandi in western Chittoor district in view of the relaxation in the lockdown.

Moody's cuts India's growth forecast for 2021 to 9.6%

Feel good factor: Sentiments are sharply improving as cases have fallen sharply, says Abneesh Roy.

FMCG logs rise in sales after Unlock 2.0

5hrs

File photo for representation.

Rupee snaps 2-day losing streak, closes up by 10 paise at 74.27 against U.S. dollar

PTI At the interbank forex market, the local unit opened at 74.26 against the greenback and witnessed an intra-day high of 74.07 and a low of 74.39

The BSE benchmark Sensex.

Sensex drops 283 pts; Nifty ends below 15,700

PTI Kotak Bank was the top loser in the Sensex pack, shedding over 1%.

Representational image only. File

All you need to know about new TDS norms from July 1

Sanjay Vijayakumar Rules mandate tax deduction at a higher rate in case I-T returns are not filed by specified persons.

Opinion & Analysis

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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

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

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

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File photo for representation.

Rupee snaps 2-day losing streak, closes up by 10 paise at 74.27 against U.S. dollar

PTI At the interbank forex market, the local unit opened at 74.26 against the greenback and witnessed an intra-day high of 74.07 and a low of 74.39

The BSE benchmark Sensex.

Sensex drops 283 pts; Nifty ends below 15,700

PTI Kotak Bank was the top loser in the Sensex pack, shedding over 1%.

Economy

See All

‘States’ reopening not prudent as vaccination rates still low’

PTI Using test positivity as guiding factor may create challenges: Oxford Economics

4hrs

Bulk transportation of mangoes resuming at a mandi in western Chittoor district in view of the relaxation in the lockdown.

Moody's cuts India's growth forecast for 2021 to 9.6%

PTI Moody's said faster vaccination progress will be paramount in restricting economic losses to the current quarter

Industry

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Gujarat to boost usage of electric vehicles

Apollo Hospitals Q4 net shrinks 44%

Tata Motors names Wagh as ED, MD to leave

Centre further eases norms for voice-based BPOs

High raw material prices threaten survival of MSMEs

HDFC Bank’s key strategy is digital marketing: MD

TII to spend ₹250 cr. in capex

Firm to focus on electric 3-wheelers, expansion plans

German car-parts firm ZF exits Brakes India

Licence, tech agreements to continue

Coronavirus | States reopening not prudent as vaccination rates still low: Oxford Economics

Using test positivity as guiding factor may create challenges: Oxford Economics

FMCG logs rise in sales after Unlock 2.0

Discretionary food, personal care will see the sharpest recovery: Edelweiss’s Roy

FICCI urges govt. to support tourism, hospitality industry

It has appealed for a moratorium on all working capital, principal, interest payments, loans and overdrafts which ended in August 2020, to be extended by another one year.

Rupee snaps 2-day losing streak, closes up by 10 paise at 74.27 against U.S. dollar

At the interbank forex market, the local unit opened at 74.26 against the greenback and witnessed an intra-day high of 74.07 and a low of 74.39

Sensex drops 283 pts; Nifty ends below 15,700

Kotak Bank was the top loser in the Sensex pack, shedding over 1%.

All you need to know about new TDS norms from July 1

Rules mandate tax deduction at a higher rate in case I-T returns are not filed by specified persons.

Moody's cuts India's growth forecast for 2021 to 9.6%

Moody's said faster vaccination progress will be paramount in restricting economic losses to the current quarter

Rupee surges 12 paise to 74.25 against US dollar in early trade

On Tuesday, the rupee had settled at 74.37 against the US dollar

Sensex jumps over 100 pts in early trade; Nifty tops 15,800

IndusInd Bank was the top gainer in the Sensex pack, rising over 1%.

KLP divests Adani stake on Myanmar army links

Nordic fund had put $1 mn in port unit

FM Nirmala Sitharaman asks Infosys to fix all issues on new I-T portal on priority; 5 glitches to be resolved in a week

The Ministry had received more than 700 emails from stakeholders detailing over 2,000 issues, including 90 unique issues/problems with the new portal

‘New utility to aid checks for I-T compliance’

The Income Tax Department on Tuesday said its new utility, developed to help TDS deductors and TCS collectors identify non-filers or ‘specified

‘States’ debt costs rise as yields hit 7%‘

Despite the ₹10,000-crore liquidity infusion through the G-Sap route by the RBI last week and fewer States tapping the bond markets, their cost of

Sun Pharma, Celgene to settle patent row over anti-cancer drug

Sun Pharmaceutical Industries has reached an agreement with innovator Celgene Corporation, which is a Bristol Myers Squibb subsidiary, to resolve

‘Retail interest in stocks to spur infra’

Increasing retail participation in the stock market — assuming it is here to stay — could enable a larger resource pool for financing India’s

Scant supply, demand surge boost ginger prices

Spot prices touch ₹2,300 a 60-kg bag

NMDC net, revenue leap on robust ore demand

Mining rally to continue in FY22: Deb

‘Tech firms compelled to pay digital workers higher salaries’

‘Employee churn, through roles, is no option in digital’

DRL unveils drug in U.S. to lower triglyceride levels

Dr. Reddy’s Laboratories has unveiled Icosapent Ethyl Capsules, 1 gm, in the U.S. market. The product has received the U.S. Food and Drug

‘Tying reforms, incentives helped widen adoption’

PM cites States’ extra FY21 borrowings

PayMate to foray into Saudi Arabia, Oman, starts invoice discounting

PayMate, a business-to-business payment fintech firm, has announced the expansion of its services to Saudi Arabia and Oman after entering the UAE

Wipro Lighting partners Enlighted for smarter workplaces

Wipro Lighting, a lighting and Internet of Lighting (IoL) solutions firm, has partnered Enlighted, a provider of Internet of Things (IoT) solutions

Google drops engineering residency after protests over 'inequities'

Google confirmed it was replacing the Engineering Residency with a new initiative, saying it is "always evaluating programs to ensure they evolve and adapt over time to meet the needs of our employees."

EU top court hands win to YouTube in user copyright fight

The case marks the latest development in a long-running battle between Europe's $1 trillion creative industry and online platforms, with the former seeking compensation or action from the latter for unauthorised works that are uploaded.

What's happening with Tesla's $7 billion German 'gigafactory'?

The environmental agency in Brandenburg, the state where the 5.8 billion euro ($6.9 billion) plant is being built, has still not given final approval - meaning a further delay cannot be ruled out, even into 2022.

Sensex ends flat, retreats from 53K mark on profit-booking

Maruti was the top gainer in the Sensex pack, rallying over 5%, followed by L&T, UltraTech Cement, TCS and Titan

Rupee falls for second day, settles 27 paise down at 74.37

The local unit witnessed an intra-day high of 74.05 and a low of 74.40 against the greenback during the trading session.

Kalrock-Jalan cleared to restart Jet

NCLT asks govt. to allot airport slots in 90 days; consortium to repay ₹1,200 crore in dues over 5 years

First International Tea Day special auction fetches record prices in Assam

More than 93% of the total teas on offer got sold to buyers from Assam, Delhi, Gujarat, Rajasthan and West Bengal

Rupee falls 10 paise to 74.20 against U.S. dollar in early trade

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 0.03 up 91.93%.

Sensex rallies over 350 points to hit record intra-day high, Nifty tops 15,850

Maruti was the top gainer in the Sensex pack, rising over 2%.

Business Live:

Updates from the world of economics, business and finance

Policy uncertainty, cost of doing business dent investor confidence, says CII President

Election outcomes shouldn't dictate validity of contracts, says CII president and Tata Steel CEO T.V. Narendran

SAT overrules SEBI, allows PNB HF’s EGM on Carlyle

Setting aside SEBI’s direction, the Securities Appellate Tribunal (SAT) on Monday allowed PNB Housing Finance to go ahead with the shareholders’

‘Retail to be next growth engine for RIL’

With a potential for a 10x growth in pre-tax profit from the business over the next decade, retail, including e-commerce, will be the next growth

SBI gets board nod to raise ₹14,000 crore

The country’s largest lender SBI said its central board has approved a proposal to raise up to ₹14,000 crore by issuing Basel-III- compliant

JSW Cement forays into RMC business

JSW Cement Ltd. has announced its entry into Ready Mix Concrete (RMC) business with its first commercial RMC unit in Chembur, Mumbai. The RMC business

IP Rings turns ₹4.09 cr. profit in Q4

IP Rings Ltd. reported a standalone net profit of ₹4.09 crore for Q4 FY21 on account of a substantial rise in revenue. It had incurred a loss of ₹1.09

Honeywell to develop authentication tech to combat counterfeit pharma products, vaccine

Tech firm Honeywell said it would develop a digital authentication technology to battle counterfeit pharmaceutical products in India. According to

Nissan starts exporting Magnite SUVs

Nissan Motor India has commenced exports of sub-compact sport utility vehicle (SUV) Magnite to Indonesia, South Africa and Nepal. Nissan said it had

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