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INDIA MARKET | Fri, 15 Jan 2021, 8:19PM IST The phase I and phase II online examinations will be held on January 17 and February 27, 2021 respectively, for the recruitment of 147 officers at Sebi.

Continue reading at Economic Times

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INDIA MARKET | Fri, 15 Jan 2021, 8:13PM IST The Dow Jones Industrial Average fell 185.7 points, or 0.60%, at the open to 30,806.51.

Continue reading at Economic Times

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INDIA MARKET | Fri, 15 Jan 2021, 8:10PM IST Ives 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.

Continue reading at Economic Times

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INDIA MARKET | Fri, 15 Jan 2021, 8:06PM IST The 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.

Continue reading at Economic Times

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INDIA MARKET | Fri, 15 Jan 2021, 8:05PM IST After 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.

Continue reading at Economic Times

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INDIA NEWS | Fri, 15 Jan 2021, 8:05PM IST Capital 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.

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INDIA MARKET | Fri, 15 Jan 2021, 8:04PM IST Trade deficit at 25-month high as imports surge 8% after continuous declines; Data shows industrial activity picking up in December

Continue reading at Business Standard

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GLOBAL NEWS | Fri, 15 Jan 2021, 8:00PM IST After years of lagging performance, practitioners of an old approach to investing are hoping their time is nigh.

Continue reading at The New York Times

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INDIA BUSINESS | Fri, 15 Jan 2021, 7:54PM IST US retail sales fall again in December 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.

Continue reading at Moneycontrol

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GLOBAL NEWS | Fri, 15 Jan 2021, 7:51PM IST JP Morgan Chase, Citigroup and Wells Fargo have begun to pare back the enormous reserves they had socked away in case of an economic disaster.

Continue reading at The New York Times

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INDIA BUSINESS | Fri, 15 Jan 2021, 7:51PM IST Citigroup Inc reported a 7% decline in fourth-quarter profit on Friday but easily beat Wall Street expectations

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INDIA NEWS | Fri, 15 Jan 2021, 7:50PM IST Imports surged 7.56 per cent to $42.59 billion, official data showed on Friday

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INDIA NEWS | Fri, 15 Jan 2021, 7:50PM IST New 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.

Continue reading at Economic Times

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INDIA NEWS | Fri, 15 Jan 2021, 7:41PM IST PM Modi to flag off 8 trains to boost connectivity to Statue of Unity Modi will launch new broad-gauge line and the new station buildings of Dabhoi, Chandod and Kevadiya.

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INDIA BUSINESS | Fri, 15 Jan 2021, 7:37PM IST Copper falls over 1% to Rs 608.50 per kg on strong dollar In the futures market, copper for January delivery touched an intraday high of Rs 615 and a low of Rs 606.70 per kg on the MCX.

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INDIA BUSINESS | Fri, 15 Jan 2021, 7:31PM IST Indian bond yields post biggest weekly rise in four months 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.

Continue reading at Moneycontrol

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GLOBAL NEWS | Fri, 15 Jan 2021, 7:30PM IST In contrast to previous changes, the tax code could be modified in a way that affects everyone who has something of value to leave to heirs.

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GLOBAL NEWS | Fri, 15 Jan 2021, 7:30PM IST With money flowing into exchange-traded funds, a handful of traditional mutual funds are changing form.

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GLOBAL NEWS | Fri, 15 Jan 2021, 7:30PM IST A 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.

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GLOBAL NEWS | Fri, 15 Jan 2021, 7:30PM IST While American balances are down over all, interest can still add up. If your stimulus check isnt going to cover basics, consider reducing your debt.

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55m

INDIA BUSINESS | Fri, 15 Jan 2021, 7:28PM IST The trade deficit, a source of friction between India and China, declined to a five year-low of $45.8 billion, the lowest since 2015.

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GLOBAL NEWS | Fri, 15 Jan 2021, 7:26PM IST Dr. David Kessler, who helped speed the development and approval of AIDS drugs in the 1990s, will become the top science official at Operation Warp Speed.

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INDIA BUSINESS | Fri, 15 Jan 2021, 7:25PM IST As 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

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59m

INDIA MARKET | Fri, 15 Jan 2021, 7:24PM IST The government is expected to garner Rs 2,664 crore from offloading 10 per stake sale in India's largest steelmaker SAIL through an offer for sale (OFS)

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1h

INDIA BUSINESS | Fri, 15 Jan 2021, 7:23PM IST Government eyes Rs 3.92 lakh crore via spectrum auction as it misses non-tax revenue target The Union Cabinet, on December 16, approved the auction of 2,251 megahertz of spectrum worth Rs 3.92 lakh crore (at reserve price) by the end of FY21.

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INDIA MARKET | Fri, 15 Jan 2021, 7:23PM IST At the upper end of the price band, IRFC hopes to raise Rs 4,633 crore, and at the lower end, Rs 4,455 crore

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1h

INDIA NEWS | Fri, 15 Jan 2021, 7:20PM IST Nearly 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

Continue reading at The Financial Express

1h

INDIA NEWS | Fri, 15 Jan 2021, 7:19PM IST Fake US leg band gets pigeon a reprieve in Australia 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.

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1h

INDIA BUSINESS | Fri, 15 Jan 2021, 7:16PM IST One user shared the picture on Twitter with the caption "I can't stop laughing,"

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INDIA MARKET | Fri, 15 Jan 2021, 7:08PM IST Coronavirus 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

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1h

INDIA NEWS | Fri, 15 Jan 2021, 7:08PM IST Mumbai: 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.

Continue reading at Economic Times

1h

INDIA MARKET | Fri, 15 Jan 2021, 7:06PM IST

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1h

INDIA NEWS | Fri, 15 Jan 2021, 7:00PM IST Samsung has launched Galaxy SmartTag and Galaxy SmartTag+ Bluetooth trackers alongside the Galaxy S21 smartphone series and the Galaxy Buds Pro earbuds.

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1h

INDIA BUSINESS | Fri, 15 Jan 2021, 6:57PM IST Sensex slumped 549 points or 1.11 per cent to 49,034 and Nifty tumbled 161 points or 1.11 per cent to 14,433

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1h

INDIA NEWS | Fri, 15 Jan 2021, 6:57PM IST Speaking at the event, Ramdas Athawale lauded the rapid industrial growth being witnessed by Noida.

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1h

INDIA BUSINESS | Fri, 15 Jan 2021, 6:53PM IST Gold prices edge up on safe-haven buying; silver gains Rs 616 a kg The gold/silver ratio currently stands at 75.40 to 1, which means the number of silver ounces required to buy one ounce of gold.

Continue reading at Moneycontrol

1h

INDIA BUSINESS | Fri, 15 Jan 2021, 6:50PM IST Airlines have been registering increase in travel and new flights with the government regulating reopening of the aviation market.

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1h

INDIA NEWS | Fri, 15 Jan 2021, 6:47PM IST New 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.

Continue reading at Economic Times

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INDIA MARKET | Fri, 15 Jan 2021, 6:45PM IST Coronavirus 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

Continue reading at Business Standard

1h

INDIA BUSINESS | Fri, 15 Jan 2021, 6:45PM IST Communications and IT minister Ravi Shankar Prasad and Japanese minister for Internal Affairs and Communications Takeda Ryota Signed MoU virtually exchanged the signed MoU.

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1h

INDIA BUSINESS | Fri, 15 Jan 2021, 6:45PM IST The 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.

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1h

INDIA NEWS | Fri, 15 Jan 2021, 6:44PM IST Users have asserted that online fantasy sports platforms encourage them to explore new sports, leagues, and players, and made sports consumption more interesting and enjoyable

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1h

INDIA BUSINESS | Fri, 15 Jan 2021, 6:43PM IST The new MacBook Pro laptops are expected to be launched in 14-inch models as well as a 16-inch version

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