Sensex jumps over 350 points in early trade; Nifty tops 17,600
December 13, 2021 10:56 ISTThe 30-share index surged 375.30 points or 0.64 per cent to 59,161.97 in opening trade. Similarly, the Nifty rose 94.75 points or 0.54 per cent to 17,606.05.
The 30-share index surged 375.30 points or 0.64 per cent to 59,161.97 in opening trade. Similarly, the Nifty rose 94.75 points or 0.54 per cent to 17,606.05.
Finance Minister Nirmala Sitharaman is expected to present the fourth budget of the Modi 2.0 government on February 1.
Speaking at the 'Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 lakh' programme, the Prime Minister said that the BJP-led Central government has enhanced financing system and has introduced various reforms in the last 7 years to benefit the poor and middle-class individuals.
This is for the second time in the last three weeks that Modi called for working together on the need to regulate cryptocurrencies. In his virtual address at the Sydney Dialogue on November 18, Modi urged democratic nations to work together to ensure that the cryptocurrency does not end up in the wrong hands.
The 30-share BSE Sensex declined 20.46 points or 0.03 per cent to end at 58,786.67. Similarly, the broader NSE Nifty slipped 5.55 points or 0.03 per cent to 17,511.30.
In the previous trade, the precious metal had settled at Rs 46,952 per 10 gram. In contrast, silver prices declined by Rs 615 to Rs 59,273 per kilogram from Rs 59,888 per kilogram in the previous trade.
As per certain media reports, the company has managed to raise funds for repayment of interest to its bondholders amounting to nearly Rs 6,000 crore.
RBI Governor Shaktikanta Das said managing a durable, strong and inclusive recovery is the central bank's mission.
This is the ninth consecutive time since the rate remains unchanged. The RBI had last revised the policy rate on May 22 last year.
The RBI has for long maintained its strong views against cryptocurrencies, saying they pose serious threats to macroeconomic and financial stability.
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended with gains. Stock exchanges in Europe were also trading on a positive note in mid-session deals.
An agreement for performance of such services for a period of 10 years was entered into between SpiceJet and SR Technics on November 24, 2011. The terms of payments were also agreed. On August 24, 2012 a supplemental agreement was also entered into to change certain terms of the agreement.
As insurers are engaged in talks with the reinsurers on the quantum of the hike, term plan premiums are set to become costlier for policyholders. The term plan premiums hike is likely to affect policyholders' pockets.
"If you're on this call, you are part of the unlucky group," Vishal Garg, the CEO of Better.com, reportedly laid off 900 of his employees in the US and in India on a Zoom call last week.
In the last fiscal, 56 companies garnered Rs 31,060 crore from IPOs and out of them, 27 were SMEs, as per the Sebi data cited by Nirmala Sitharaman.
Bitcoin, the largest cryptocurrency by market value, was down 18 percent at $46,571.84 according to data from CoinDesk. It temporarily dipped to $42,000 before bouncing back. Ether, the second-largest cryptocurrency, was down close to 16 percent, the report said.
If the RBI maintains status quo in policy rates on Wednesday, it would be the ninth consecutive time since the rate remains unchanged. The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.
The PPV&FR revoked the PVP certificate granted to PepsiCo India Holding (PIH) on a potato variety in India (FL-2027), on multiple grounds, including that the grant of the certificate of registration had been based on incorrect information furnished by the applicant.
India can lead the Digital Society and become a global leader in its own right, said Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL).
The Reserve Bank of India has announced that the cash withdrawal charges on ATMs will be hiked from 1 January 2022.
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