HDFC, Indiabulls Housing, ICICI Bank, Nestle India, ONGC, Tata Steel among stocks in focus
INDIA MARKET | Thu, 22 Apr 2021, 8:09AM IST
SGX Nifty points at a gap-up opening for domestic equity benchmarks BSE Sensex and Nifty 50 on Thursday.
Continue reading at The Financial Express
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MARKET LIVE: Indices may start weak; Pharma stocks, Nestle in focus
INDIA MARKET | Thu, 22 Apr 2021, 8:06AM IST
LIVE market update: Cyient, Tata Elxsi and 10 other companies will release their quarterly earnings on April 22
Continue reading at Business Standard
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Petrol, Diesel Rates Remain Constant On Thursday
INDIA MARKET | Thu, 22 Apr 2021, 8:02AM IST
In the national capital Delhi, petrol is priced at Rs 90.40 per litre and diesel is sold at Rs 80.73 per litre, according to Indian Oil Corporation
Continue reading at NDTV
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INDIA MARKET | Thu, 22 Apr 2021, 7:59AM IST
Share Market News Today | Sensex, Nifty, Share Prices LIVE: on Thursday, SGX Nifty was up more than 100 points, hinting at a positive start for stock markets.
Continue reading at The Financial Express
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INDIA NEWS | Thu, 22 Apr 2021, 7:58AM IST
WB Assembly Election Polls Live, West Bengal Election Phase 6 Voting Percentage Live Updates: Of these 43 seats, the Matua community will be key in about 17 constituencies.
Continue reading at The Financial Express
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Didi questions Covid-19 vaccine price disparity
INDIA NEWS | Thu, 22 Apr 2021, 7:56AM IST
West Bengal chief minister Mamata Banerjee on wednesday questioned the non-uniformity in vaccine pricing for the state and private hospitals soon after the Serum Institute of India (SII) issued fresh prices of its Covishield vaccine.While responding to a question during a press conference over vaccine prices, Banerjee said, I will write a letter to the Centre for its intervention to fix disparity in pricing for states and private hospitals. It is not the time for business. Its time to save lives as people are suffering due to Covid-19.While states can acquire the vaccines at for Rs 400 per dose, private hospitals will get the vaccines for Rs 600 per dose.So far, we have administered 93 lakhs doses of Covid-19 vaccines in West Bengal and created Rs 100 crore fund for universal vaccination in the state. We have asked for 1 crore additional Covid-19 vaccines from the Centre, she said.Banerjee sharpened her attack on the prime minister and BJP yet again over the resurgence of Covid-19, terming the new wave of Covid-19 a "Modi-made disaster" and demanded that he quit if unable to provide adequate medical supplies to combat the disease.Banerjee had earlier called the Centres universal vaccine policy decision from May 1, 2021 a hollow promise, that presented a regrettable show of evasion of responsibility at the time of crisis. "The second Covid wave is more intense. There are no injections or oxygen. Vaccines and medicines are being shipped abroad even as there is a scarcity of these items in the country, she said on Wednesday while speaking at Balurghat in Dakshin Dinajpur district.On managing Covid-19 crisis in the state, she said the state government is increasing beds at safe homes and in Covid-19 hospitals. "We are working to ease the oxygen crisis and talks are on with the service providers. The Election Commission (EC) should have clubbed the last few phases of elections due to rising Covid-19 cases. We will request the EC to allow Covid patients to cast votes through postal ballot.She said there was no proposal for any lockdown in West Bengal. "Lockdown will not happen in the state. Last year, people suffered a lot due to the lockdown. Therefore, we have decided to work effectively to contain the virus to avoid lockdown.
Continue reading at Economic Times
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Lottery Sambad Result April 22: Dear Bangabhumi Bhagirathi lottery winners to be announced at 4 pm
INDIA NEWS | Thu, 22 Apr 2021, 7:54AM IST
Lottery Sambad Result: The first prize winner of the 'Dear Bangabhumi Bhagirathi' lottery will take home Rs 50 lakh. The second prize is Rs 9,000, the third prize is Rs 500 and the fourth prize is Rs 250. While the fifth prize is Rs 120, the consolation prize is Rs 1,000.
Lottery Sambad Result: The first prize winner of the 'Dear Bangabhumi Bhagirathi' lottery will take home Rs 50 lakh. The second prize is Rs 9,000, the third prize is Rs 500 and the fourth prize is Rs 250. While the fifth prize is Rs 120, the consolation prize is Rs 1,000.
Continue reading at Moneycontrol
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COVID-19 crisis: Centre hikes Delhi's oxygen quota from 378 MT to 480 MT
INDIA BUSINESS | Thu, 22 Apr 2021, 7:48AM IST
The Centre announced that it will supply 480 metric tonnes of oxygen to Delhi, which will come from Odisha, West Bengal, Uttarakhand, Haryana, Uttar Pradesh and Himachal Pradesh, the city government said
Continue reading at Business Today
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Trade Spotlight: What should investors do with Apollo Hospitals, Cadila Healthcare Max Healthcare?
INDIA NEWS | Thu, 22 Apr 2021, 7:45AM IST
Stocks like Apollo Hospitals rose over 4 percent, Cadila Healthcare rallied over 5 percent, and Max Healthcare witnessed profit booking after hitting a fresh 52-week high on Tuesday.
Stocks like Apollo Hospitals rose over 4 percent, Cadila Healthcare rallied over 5 percent, and Max Healthcare witnessed profit booking after hitting a fresh 52-week high on Tuesday.
Continue reading at Moneycontrol
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Coronavirus India News Live Updates: Delhi reports 24,638 new cases, 249 deaths in last 24 hours
INDIA NEWS | Thu, 22 Apr 2021, 7:38AM IST
Coronavirus India News Live Updates: "To further address reports of shortages in certain regions of the country and facilitate smoothinter-state supply of Remdesivir, Ministry of Health and Family Welfare in coordination withDepartment of Pharmaceuticals has made an interim allocation of Remdesivir for 19 States/UTsfor the period up to 30th April, 2021," the Centre said.
Coronavirus India News Live Updates: "To further address reports of shortages in certain regions of the country and facilitate smoothinter-state supply of Remdesivir, Ministry of Health and Family Welfare in coordination withDepartment of Pharmaceuticals has made an interim allocation of Remdesivir for 19 States/UTsfor the period up to 30th April, 2021," the Centre said.
Continue reading at Moneycontrol
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Buzzing Stocks | Nestle, SBI, Voltas and others that will be in focus today
INDIA NEWS | Thu, 22 Apr 2021, 7:36AM IST
Check out the companies making the biggest headlines before the bell.
Check out the companies making the biggest headlines before the bell.
Continue reading at Moneycontrol
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IPL 2021 | CSK vs KKR: Faf du Plessis and Deepak Chahar set up Chennai's 18-run win over Kolkata
INDIA NEWS | Thu, 22 Apr 2021, 7:35AM IST
IPL 2021: Chasing a stiff target, KKR found themselves in deep trouble as they slumped to 31 for 5 inside five overs after a top-order collapse with Chahar wrecking havoc with figures of 4 for 29 from his four overs.
IPL 2021: Chasing a stiff target, KKR found themselves in deep trouble as they slumped to 31 for 5 inside five overs after a top-order collapse with Chahar wrecking havoc with figures of 4 for 29 from his four overs.
Continue reading at Moneycontrol
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US senate confirms Vanita Gupta as Associate AG
INDIA NEWS | Thu, 22 Apr 2021, 7:32AM IST
The US Senate on Wednesday (local time) confirmed Vanita Gupta to serve as Associate Attorney General of the United States, making her the first Indian-American to serve in this role.According to CNN, the senate confirmed Gupta to be associate attorney general in a narrow 51-49 vote after Sen. Lisa Murkowski joined with Democrats in support of President Joe Biden's Justice Department nominee.Vice President Kamala Harris was on hand for a procedural vote Wednesday morning in case she was needed for a possible 50-50 tie, but her vote wasn't necessary after Murkowski, a moderate Republican from Alaska, broke with her Republican colleagues to back Gupta.Murkowski explained her support for Gupta on the Senate floor, saying she was troubled by some of Gupta's statements but decided to back her confirmation following a lengthy conversation with the nominee, CNN reported."I asked her point-blank, 'Why do you want this? Is this worth it?' Because this has clearly been very hard on her as a nominee," Murkowski said. "And she paused and reflected a moment, and just spoke to how she feels called to serve in a very personal way that I thought was impactful.""I am going to give the benefit of the doubt to a woman who I believe has demonstrated throughout her professional career to be deeply, deeply committed to matters of justice," she added.Gupta has served in Justice Department's Civil Rights Division under the Obama administration.
Continue reading at Economic Times
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Stocks in the news: Indiabulls Housing, Hero MotoCorp, Indus Towers & Den Networks
INDIA MARKET | Thu, 22 Apr 2021, 7:30AM IST
Indiabulls Housing Finance (IBH) and mortgage lender HDFC have entered into a strategic co-lending partnership.
Indiabulls Housing Finance (IBH) and mortgage lender HDFC have entered into a strategic co-lending partnership.
Continue reading at Economic Times
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'Please help!' India's Covid-19 tragedy spills onto social media
INDIA MARKET | Thu, 22 Apr 2021, 7:29AM IST
Twitter, Facebook, Instagram, WhatsApp and Telegram inundated with messages begging for hospital beds, medicines.
Continue reading at Business Standard
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Coronavirus LIVE: India logs 315,802 new cases; Maharashtra tightens curbs
INDIA MARKET | Thu, 22 Apr 2021, 7:27AM IST
Coronavirus live updates: India has added 1,737,683 Covid cases in the last 7 days. Stricter curbs in Maharashtra from today. Stay tuned for corona-related news
Continue reading at Business Standard
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INDIA NEWS | Thu, 22 Apr 2021, 7:26AM IST
WB Assembly Election Polls Live, West Bengal Election Phase 6 Voting Percentage Live Updates: Of these 43 seats, the Matua community will be key in about 17 constituencies.
Continue reading at The Financial Express
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SpiceJets ground staff to go on strike over layoffs
INDIA MARKET | Thu, 22 Apr 2021, 7:21AM IST
Covids second wave has hit SpiceJet so badly that the airline said it has been forced to partially outsource its ground handling operations at Mumbai airport to a private company. Sources said the airline has planned to lay off 300 out of the 590-strong staff.
Covids second wave has hit SpiceJet so badly that the airline said it has been forced to partially outsource its ground handling operations at Mumbai airport to a private company. Sources said the airline has planned to lay off 300 out of the 590-strong staff.
Continue reading at Economic Times
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Indian envoys told to explore oxygen import
INDIA NEWS | Thu, 22 Apr 2021, 7:21AM IST
The Centre has asked Indian embassies to explore options on importing oxygen. A communication to this effect has been sent to Indian embassies in the US, UK, Germany, Japan, Italy and UAE, according to people in government.Indias current production of oxygen is 7,000 tonnes, which turned inadequate after the demand surged following the second wave of Covid-19. The demand was about 700 tonnes for the liquified gas per day till last year, when it rose to 2,800 tonne after the pandemic. Currently, it is well over 5,000 tonnes.The Centre had last week decided to import 50,000 tonnes of medical oxygen to address shortage in hospitals. In view of increasing demand for medical oxygen, the government had decided to float a tender for import of 50,000 tonnes of medical oxygen, which the health ministry was to finalise and explore possible sources for import identified by missions of MEA, the government had said in a statement last week.The issue of oxygen shortage was red flagged by the World Health Organisation in February when it set up a Covid-19 oxygen emergency taskforce to mobilise supply to countries faced with emergencies. WHO then estimated that more than half a million people in low and middle income countries needed 1.1 million cylinders of oxygen per day.Other steps of the Centre include limiting use of oxygen for industries and easing up supply chains. The Centre has also approved operationalising 162 pressure swing adsorption oxygen plants spread over Bihar, Karnataka, Telangana, Andhra Pradesh, Chhattisgarh, Delhi, Haryana, Kerala, Maharashtra, Puducherry, Punjab and Uttar Pradesh which have a combined capacity of 15,419 tonnes.Two empowered groups related to Covid-19 response have been key drivers associated with decisions on oxygen. The groups have been holding meetings over the last few days to ramp up medical supplies. The demand for oxygen has been especially high in Maharashtra, Delhi, Gujarat, Punjab, Kerala, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Karnataka, Tamil Nadu, Haryana and Rajasthan.
Continue reading at Economic Times
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Hot Stocks | Info Edge, Glenmark Pharma, Lupin can give up to 18% return in short term
INDIA NEWS | Thu, 22 Apr 2021, 7:18AM IST
Call writers were seen adding hefty open interest at 14,500, 14,600 and 14,700 strikes which should act as a major hurdle for Nifty and will cap any sharp upside.
Call writers were seen adding hefty open interest at 14,500, 14,600 and 14,700 strikes which should act as a major hurdle for Nifty and will cap any sharp upside.
Continue reading at Moneycontrol
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INDIA NEWS | Thu, 22 Apr 2021, 7:18AM IST
West Bengal Elections 2021 LIVE Updates: Phase 6 of voting in 43 constituencies is underway. Catch the latest updates here
West Bengal Elections 2021 LIVE Updates: Phase 6 of voting in 43 constituencies is underway. Catch the latest updates here
Continue reading at Moneycontrol
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INDIA NEWS | Thu, 22 Apr 2021, 7:18AM IST
West Bengal Elections 2021 LIVE Updates: Phase 6 of voting in 43 constituencies is underway. Catch the latest updates here
West Bengal Elections 2021 LIVE Updates: Phase 6 of voting in 43 constituencies is underway. Catch the latest updates here
Continue reading at Moneycontrol
59m
CSK back on investor radar as shares rise
INDIA NEWS | Thu, 22 Apr 2021, 7:12AM IST
Mumbai: Indian Premier League franchise Chennai Super Kings (CSK) is said to be making a comeback to the investor radar, even as the 14th edition of the cricket league is underway despite the pandemic.CSKs unlisted shares are trading at Rs 75-80 apiece in the unofficial market, marginally lower than about a month ago but still higher than the Rs 45-55 levels they had dropped in June last year.The impact of the pandemic on sporting events in 2020 had led research firm Duff & Phelps to lower the brand value of CSK.The team was spun off into a separate entity from India Cements about five years ago, after it got embroiled in a match-fixing scandal. 82190142India Cements Shareholders Trust and Trustees reportedly held a more than 30% stake in Chennai Super Kings Cricket Ltd in the financial year 2020.CSK is the only sports team in India whose shares are available for public investment, said Vaishali Dhankani, founder of Analah Capital. CSK draws maximum viewership and has been the most successful IPL team, she said, adding that its valuation was bound to increase when the Covid situation improves.CSKs brand value dropped by 16.5% to Rs 611 crore in 2020, said a Duff & Phelps report.The team has won 106 matches out of 180 played in the IPL till last year, show a market estimate by Analah Capital. CSK has participated in 11 out of the 13 IPL seasons and won the trophy for three times, and were the first runner-up five times.Its unlisted stock is estimated to have a market capitalisation of about Rs 2,500 crore.CSK has gone through a topsy-turvy trajectory in the past six years," said Sunil Chandak of Gennext Investrade, a Mumbai-based firm dealing in unlisted stocks. "It is now set to grow with its capital expenditure plan beginning to yield results.The company appears to have shrugged off all past baggage to resume a new run in the sports arena," he said.During the time of the demerger, shareholders were supposed to receive one CSK share free against each India Cement share they held. That delivery was stuck amid the corruption and betting charges on the team. The shares were released in 2018, triggering trading in the unlisted stock market.Billionaire investor and founder of DMart Radhakishan Damani is said to have increased his stake in CSK from time to time.Also, the IPL, a premium sport activity in India, may soon receive another booster dose with a ninth team likely coming up for auction in June this year, which may lead to a re-rating of the valuations, dealers said.CSKs sources of earnings include contributions from the central IPL pool for selling media rights to broadcasters, money from title sponsors, licensing to co-sponsors and revenue from gate fees as well as stadium advertising.
Continue reading at Economic Times
1h
Chennai Super Kings back on investor radar as shares rise
INDIA NEWS | Thu, 22 Apr 2021, 7:12AM IST
Mumbai: Indian Premier League franchise Chennai Super Kings (CSK) is said to be making a comeback to the investor radar, even as the 14th edition of the cricket league is underway despite the pandemic.CSKs unlisted shares are trading at Rs 75-80 apiece in the unofficial market, marginally lower than about a month ago but still higher than the Rs 45-55 levels they had dropped in June last year.The impact of the pandemic on sporting events in 2020 had led research firm Duff & Phelps to lower the brand value of CSK.The team was spun off into a separate entity from India Cements about five years ago, after it got embroiled in a match-fixing scandal. 82190142India Cements Shareholders Trust and Trustees reportedly held a more than 30% stake in Chennai Super Kings Cricket Ltd in the financial year 2020.CSK is the only sports team in India whose shares are available for public investment, said Vaishali Dhankani, founder of Analah Capital. CSK draws maximum viewership and has been the most successful IPL team, she said, adding that its valuation was bound to increase when the Covid situation improves.CSKs brand value dropped by 16.5% to Rs 611 crore in 2020, said a Duff & Phelps report.The team has won 106 matches out of 180 played in the IPL till last year, show a market estimate by Analah Capital. CSK has participated in 11 out of the 13 IPL seasons and won the trophy for three times, and were the first runner-up five times.Its unlisted stock is estimated to have a market capitalisation of about Rs 2,500 crore.CSK has gone through a topsy-turvy trajectory in the past six years," said Sunil Chandak of Gennext Investrade, a Mumbai-based firm dealing in unlisted stocks. "It is now set to grow with its capital expenditure plan beginning to yield results.The company appears to have shrugged off all past baggage to resume a new run in the sports arena," he said.During the time of the demerger, shareholders were supposed to receive one CSK share free against each India Cement share they held. That delivery was stuck amid the corruption and betting charges on the team. The shares were released in 2018, triggering trading in the unlisted stock market.Billionaire investor and founder of DMart Radhakishan Damani is said to have increased his stake in CSK from time to time.Also, the IPL, a premium sport activity in India, may soon receive another booster dose with a ninth team likely coming up for auction in June this year, which may lead to a re-rating of the valuations, dealers said.CSKs sources of earnings include contributions from the central IPL pool for selling media rights to broadcasters, money from title sponsors, licensing to co-sponsors and revenue from gate fees as well as stadium advertising.
Continue reading at Economic Times
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RBI faces key auction as traders balk at yields
INDIA MARKET | Thu, 22 Apr 2021, 7:11AM IST
Underwriters were forced to rescue a five-year bond sale on April 9 and the RBI canceled an offering altogether on April 16.
Underwriters were forced to rescue a five-year bond sale on April 9 and the RBI canceled an offering altogether on April 16.
Continue reading at Economic Times
1h
Brokerages hold mixed views on Nestle
INDIA MARKET | Thu, 22 Apr 2021, 7:06AM IST
The maker of Maggi noodles and KitKat chocolate reported a profit after tax of Rs 602 crore for the quarter. Revenues in the quarter rose 8.9 per cent from year ago level to Rs 3,600 crore. Shares of Nestle India ended flat at 17,086.25 on Tuesday.
The maker of Maggi noodles and KitKat chocolate reported a profit after tax of Rs 602 crore for the quarter. Revenues in the quarter rose 8.9 per cent from year ago level to Rs 3,600 crore. Shares of Nestle India ended flat at 17,086.25 on Tuesday.
Continue reading at Economic Times
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Fall in Asia hints at more pain for Nifty
INDIA MARKET | Thu, 22 Apr 2021, 7:05AM IST
Credit Suisse Wealth Management said the Indian equity market could see some further profit booking in the coming weeks. The wealth management firm said this correction is likely to be very sharp but would not last long.
Credit Suisse Wealth Management said the Indian equity market could see some further profit booking in the coming weeks. The wealth management firm said this correction is likely to be very sharp but would not last long.
Continue reading at Economic Times
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West Bengal election 2021 LIVE: Phase 6 polling begins in 43 seats
INDIA MARKET | Thu, 22 Apr 2021, 7:02AM IST
West Bengal election live updates: Prominent names in the sixth phase of the Assembly polls include BJP's national vice president Mukul Roy. Stay tuned for Bengal election latest updates
Continue reading at Business Standard
1h
Focused on content fit and getting broader content in India: Netflix
INDIA NEWS | Thu, 22 Apr 2021, 7:00AM IST
Netflix that competes with global players Amazon Prime Video, Disney+Hotstar and a clutch of home-grown services like Zee5 and AltBalaji in the country has been devising ways to get more subscribers on to the platform
Continue reading at The Financial Express
1h
Philip Roth's Biographer Blake Bailey Is Accused of Sexual Assault
GLOBAL NEWS | Thu, 22 Apr 2021, 6:56AM IST
W.W. Norton, citing the accusations that the author, Blake Bailey, faces, said it would stop shipping and promoting his new best-selling book.
Continue reading at The New York Times
1h
Indiabulls partners with HDFC to offer home loans
INDIA MARKET | Thu, 22 Apr 2021, 6:48AM IST
Both the home financiers will frame a common credit policy with IBH originating retail housing loans. While HDFC will retain 80 percent of any such credit on its book, the rest 20 percent will go to IBHs loan book. Indiabulls will service the loan account throughout the life cycle of the loan.
Both the home financiers will frame a common credit policy with IBH originating retail housing loans. While HDFC will retain 80 percent of any such credit on its book, the rest 20 percent will go to IBHs loan book. Indiabulls will service the loan account throughout the life cycle of the loan.
Continue reading at Economic Times
1h
Gold price today at Rs 50,810 per 10 gm, silver trending at Rs 68,800 a kg
INDIA MARKET | Thu, 22 Apr 2021, 6:45AM IST
In New Delhi, the price of 22-carat gold is at Rs 46,590 per 10 gm, while in Chennai it fell to Rs 45,060
Continue reading at Business Standard
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Philip Roths Biographer Is Accused of Sexual Assault
GLOBAL NEWS | Thu, 22 Apr 2021, 6:31AM IST
W.W. Norton, citing the allegations that the author, Blake Bailey, faces, said it would stop shipping and promoting his new, best-selling book.
Continue reading at The New York Times
1h
Coronavirus LIVE: India records 315,802 new cases in worst single-day spike
INDIA MARKET | Thu, 22 Apr 2021, 6:28AM IST
Coronavirus live updates: India has added 1,737,683 Covid cases in the last 7 days. Stricter curbs in Maharashtra from today. Stay tuned for corona-related news
Continue reading at Business Standard
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West Bengal election 2021 LIVE: Phase 6 polling from 7 am in 43 seats
INDIA MARKET | Thu, 22 Apr 2021, 6:26AM IST
West Bengal election live updates: Prominent names in the sixth phase of the Assembly polls include BJP's national vice president Mukul Roy. Stay tuned for Bengal election latest updates
Continue reading at Business Standard
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Covid-19 blame game: Identify the usual suspects
INDIA NEWS | Thu, 22 Apr 2021, 5:50AM IST
PM Modi showed admirable restraint in not following the advice of failed experts to impose a lockdown to counter Covid-19 redux
Continue reading at The Financial Express
2h
Global minimum corporate tax rate may benefit the US, but not India
INDIA NEWS | Thu, 22 Apr 2021, 5:40AM IST
How the global minimum corporate tax policy is set to put Indias growth to a halt
Continue reading at The Financial Express
2h
Capital and innovation: This time is different
INDIA NEWS | Thu, 22 Apr 2021, 5:30AM IST
Roles of technological innovation and capital are changingthe 2020s will be a very different landscape compared to the 2010s. Unlike capital chasing technological innovations in the 2010s, now technological innovations are being driven by the availability of capital
Continue reading at The Financial Express
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E-commerce is a great ally for MSMEs
INDIA NEWS | Thu, 22 Apr 2021, 5:20AM IST
How B2B e-commerce is easing GST compliance for MSMEs
Continue reading at The Financial Express
2h
Rational Expectations: Another pyrrhic telecom victory
INDIA NEWS | Thu, 22 Apr 2021, 5:10AM IST
The NCLAT verdict on spectrum is a big win for govt but it hits govt-owned banks, yet another example of poor policy
Continue reading at The Financial Express
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INDIA NEWS | Thu, 22 Apr 2021, 5:00AM IST
More so given Russia has ruled out future collaborations with talk of its national space station. Thus have the ISSs fissures become an allegory for a fragile international consensus.
Continue reading at The Financial Express
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