INDIA MARKET | Fri, 15 Jan 2021, 8:10PM ISTIves raised his price target for Palo Alto, California-based Tesla to $950 a share from $751 to reflect the stronger demand for electric vehicles. Shares in the worlds leading maker of EVs soared 743% last year and are currently trading at $845.
INDIA MARKET | Fri, 15 Jan 2021, 8:06PM ISTThe round-table discussion which was moderated by Sunil Sanghai, who chairs the Committee on Capital Markets at the Federation of Indian Chambers of Commerce and Industry, centered around enhancing key environment, social and governance disclosures.
INDIA MARKET | Fri, 15 Jan 2021, 8:05PM ISTAfter starting the year with a surge that took Wall Street by surprise, the volatile cryptocurrency has been range bound in recent days. Bitcoin was trading around $38,280 as of 11:45 a.m. in London, set for a 4.4% drop on the week, the biggest since November.
INDIA NEWS | Fri, 15 Jan 2021, 8:05PM ISTCapital markets regulator Sebi, which is in the process of hiring 147 senior officers, will conduct coding test for the information technology (IT) stream on March 14.
INDIA BUSINESS | Fri, 15 Jan 2021, 7:54PM IST Rampant coronavirus infections and delays by the government to approve more money to help businesses and the unemployed are behind the loss of economic momentum.
INDIA NEWS | Fri, 15 Jan 2021, 7:50PM ISTNew Delhi: The government on Friday launched the third phase of its flagship skilling scheme Pradhan Mantri Kaushal Vikas Yojana (PMKVY 3.0) in a bid to empower the country's youth with employable skills by making over 300 skill courses available to them.PMKVY 3.0 envisages training 8 lakh candidates over the scheme period of 2020-2021 with an outlay of Rs 948.90 crore.The third phase of the scheme is designed towards making skill development more demand-driven and decentralised in its approach, with focus on digital technology and Industry 4.0 skills.In the third phase, District Skill Committees (DSCs), under the guidance of State Skill Development Missions (SSDM), shall play a key role in addressing the skill gap and assessing demand at the district level."Launched in 717 districts, 28 states/8 UTs, PMKVY 3.0 marks yet another step towards 'Atmnanirbhar Bharat'. PMKVY 3.0 will be implemented in a more decentralized structure with greater responsibilities and support from states/UTs and districts," the Ministry of Skill Development and Entrepreneurship said.While the National Educational Policy puts focus on vocational training for a holistic growth and increased employability, the role of PMKVY 3.0 will be of a propagator of vocational education at an early level for youth to capitalize on industry-linked opportunities, it added.The new scheme will be more trainee- and learner-centric addressing the ambitions of aspirational Bharat, the ministry stated."PMKVY 2.0 broadened the skill development with inclusion of Recognition of Prior Learning (RPL) and focus on training. With the advent of PMKVY 3.0, the focus is on bridging the demand-supply gap by promoting skill development in areas of new-age and Industry 4.0 job roles," it said.Union Minister for Skill Development and Entrepreneurship Mahendra Nath Pandey said Prime Minister Narendra Modi's vision of 'vocal for local' and 'Atmanirbhar Bharat' can only be achieved by furthering the skilling ecosystem to the district level."As a young nation, we're poised to seize the opportunities that will make India the skill capital of the World. By taking the bottom-up approach to training, PMKVY 3.0 will identify job roles that have demand at the local level and skill the youth, linking them to these opportunities," the minister said.Addressing the launch event, Pandey observed that the increased role of district administrations and Members of Parliament in mentoring and monitoring the training programs under the schemes will bring in greater local connect."PMKVY 3.0 will encourage healthy competition between states by making available increased allocation to those states that perform better," he added.Minister of State for Skill Development and Entrepreneurship R K Singh said skilling is not an objective, but a necessary prerequisite for the economic growth of the country."We need to move with speed and scale if we have to fulfil the vision of making India the skill capital of the world and from there, the industrial capital of the world," he added.
INDIA BUSINESS | Fri, 15 Jan 2021, 7:31PM IST Markets read the release as an indication that the RBI was looking to roll back the massive cash surplus in the banking system, despite its reiteration that it will ensure availability of ample liquidity.
GLOBAL NEWS | Fri, 15 Jan 2021, 7:30PM ISTA communications strategist for an investment firm, Arielle Patrick has developed playbooks for companies in the event of a crisis, like a data breach or #MeToo incident. Companies that dont do this are, frankly, delusional, she said.
INDIA BUSINESS | Fri, 15 Jan 2021, 7:25PM ISTAs per the latest CMIE report, there were job losses in younger age groups, those below 40 years of age, while all age groups above 40 years have seen a small gain in employment
INDIA NEWS | Fri, 15 Jan 2021, 7:20PM ISTNearly 500 artists from diverse backgrounds -- such as theatre, music, dance and fine arts -- have been selected for this fellowship while another 500 will be added to the roster in the future
INDIA NEWS | Fri, 15 Jan 2021, 7:19PM IST Australia's Agriculture Department, which is responsible for biosecurity, agreed that the pigeon dubbed Joe, after US President-elect Joe Biden, was wearing a fraudulent copy leg band.
INDIA MARKET | Fri, 15 Jan 2021, 7:08PM ISTCoronavirus live updates: In the last 24 hours, India registered 15,515 fresh Covid-19 cases, taking the tally to 10,528,346. Globally, more than 93.5 million people have been infected by the virus
INDIA NEWS | Fri, 15 Jan 2021, 7:08PM ISTMumbai: The needle is helping move the needle in industries as diverse as cold chains, warehousing, and air freight companies. That is if you dont count the vaccine makers and those in the race to make one.As the worlds biggest immunisation programme gets underway this Saturday, a raft of companies filling the complex value chain are set to benefit from the huge orders and unalloyed investor attention through the course of the programme.Among them are Blue Star, Voltas, Snowman, Blue Dart, Allcargo and Linde India.Voltas and Blue Star are likely to benefit from the opportunities in the cold storage of vaccines. As they are manufactures of commercial refrigeration, they will cater to this demand aggressively, said Arafat Saiyed, analyst, Reliance Securities. Companies have already kept the raw material ready for such cold rooms. Seeing the opportunity, they can double production. 80277464Voltas and Blue Star have rallied 66 per cent each in the last six months while logistics companies have gained between 30 per cent and 90 per cent during this period.Snowman Logistics, Blue Dart Express, Allcargo Logistics, and Mahindra Logistics among others have either tied up or initiated talks with the government, pharmaceutical companies, industry associations and supply chain partners to ensure seamless delivery and distribution of the vaccine under the Universal Immunisation Programme (UIP).However, AK Prabhakar, head of research, IDBI Capital, said some of the pharmaceutical companies like Aurobindo, Cadila and Dr Reddys Laboratories would be bigger long-term revenue beneficiaries once they launch the Covid vaccine, while distribution and logistics companies are unlikely to make huge money.Blue Star last month said that the company has received a Rs 200-crore order for vaccine storage and more such orders are expected in the next few months.Voltas is the other company that has been taking proactive measures in providing cold storage units.Low-cost carrier SpiceJet announced that it will be giving logistical support for delivery of Covid-19 vaccine through its cargo arm, SpiceXpress. Snowman Logistics said that it already manages vaccine distribution of influenza/swine flu and that experience will come in handy while managing Covid-19 vaccine storage and distribution.Snowman Logistics has reserved space for 70 million doses of the vaccine, across all its locations. Blue Dart constructed additional conditioning rooms for storing the vaccines at eight locations. Gati has a fleet of 120 trucks, both primary and secondary, to cater to the cold chain logistics requirement for transport and delivery of the vaccine.
INDIA NEWS | Fri, 15 Jan 2021, 6:47PM ISTNew Delhi: Indias exports in December returned to the positive territory after three months even as the countrys trade deficit swelled to a 25-month high on high imports of non-oil goods especially gold.Buoyed by food products, electronics and pharmaceuticals, outbound shipments grew 0.14% to $27.15 billion against a 0.8% contraction shown in the preliminary data released earlier this month.Gold imports rose a whopping 81.8% to $4.4 billion, the highest since May 2019, and the trade deficit widened to $15.44 billion in December from $9.87 billion in November.Exports of 20 out of the 30 major product categories were positive during the month, data released by the commerce and industry ministry showed Friday with the growth in non-oil exports improving to 5.6%, reversing the dips seen in the previous two months. Exports in the first nine months of 2020-21 were $200.8 billion.Growth in non-oil exports benefitted from the healthy performance of sectors such as iron ore, electronic goods, drugs and pharma.The sharp rise in the merchandise trade deficit to a 25-month high US$15.4 billion in December 2020, was driven by the surge in non-oil imports that was exaggerated by pent-up demand, said Aditi Nayar, principal economist at ICRA.Overall imports were up 7.56% on-year at $42.59 billion last month.Federation of Indian Export Organisations President, Sharad Kumar Saraf said that this shows signs of revival as order booking position has continuously improved besides more new orders in the offing.December exports also signals that our traditional and labour-intensive sectors of exports have passed the most challenging and testing times as both Christmas and New Year Season sales have shown positive trends with further improvement in coming months, he said.However, the apex body of exporters expects India to clock $285-290 billion of exports in FY21, lower than $314.31 billion in 2019-20.In December 2020, oil imports declined 10.61% to $9.58 billion. However, non-oil and non-gold imports, an estimate of the strength of domestic demand rose 7.99%.As per the data, Indias overall exports (merchandise and services) in April-December 2020-21 were estimated at $348.49 billion, down 12.65% over the same period last year while overall imports declined 25.86% to $343.27 billion.
INDIA MARKET | Fri, 15 Jan 2021, 6:45PM ISTCoronavirus live updates: In the last 24 hours, India registered 15,515 fresh Covid-19 cases, taking the tally to 10,528,346. Globally, more than 93.5 million people have been infected by the virus
INDIA BUSINESS | Fri, 15 Jan 2021, 6:45PM ISTCommunications and IT minister Ravi Shankar Prasad and Japanese minister for Internal Affairs and Communications Takeda Ryota Signed MoU virtually exchanged the signed MoU.
INDIA BUSINESS | Fri, 15 Jan 2021, 6:45PM ISTThe company noted that besides making changes in the company dealerships in sync with the new logo and brand identity, the automaker also plans to enhance the customer experience.
INDIA NEWS | Fri, 15 Jan 2021, 6:44PM ISTUsers have asserted that online fantasy sports platforms encourage them to explore new sports, leagues, and players, and made sports consumption more interesting and enjoyable