The Reserve Bank of India (RBI) is unlikely to further ease the interest rates in the next meeting of its Monetary Policy Committee even though retail inflation declined in December 2020, a report by Motilal Oswal Institutional Equities said.
Retreating from its record peak, equity benchmark Sensex ended 25 points lower after a volatile session on Wednesday as investors booked profits amid mixed cues from global markets.
The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC), worth over Rs 4,600 crore, will open on January 18 and close on January 20.
Fuel prices touched a new high on Wednesday after oil marketing companies decided to break the momentary pause in the wake of a sudden spike in the global oil prices.
Equity benchmark Sensex jumped over 200 points to scale a fresh intra-day peak in early trade on Wednesday, led by gains in ICICI Bank, Bharti Airtel and Reliance Industries amid sustained foreign fund inflow.
World's leading electric car maker Tesla is setting up its research and development (R&D) centre in Bengaluru to commence its India operations soon, said Karnataka Chief Minister BS Yediyurappa on Tuesday.
Telecom major Bharti Airtel on Tuesday said that it has received required regulatory approvals for 100 per cent foreign direct investment in its downstream companies.
The Reserve Bank on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG for non-compliance with certain provisions of directions concerning interest rate on deposits.
IT services major Tech Mahindra on Tuesday said it will acquire Payments Technology Services Ltd (PTSL), a step-down subsidiary of fintech firm FIS, for USD 9 million (about Rs 66 crore).
Food inflation declined to 3.41 per cent in December in 2020, compared to 9.5 per cent in the previous month, according to the data released by the Ministry of Statistics and Programme Implementation.
IT major Tata Consultancy Services (TCS) on Tuesday said it will acquire GE's stake in Tata Consultancy Services Saudi Arabia for USD 12,471 (about Rs 9.13 lakh).
Mukesh Ambani-led Reliance Industries leads among the local enterprises with a 20.5 per cent jump in valuation to USD 168.8 billion as of December 1 and is ranked 54th globally, as per the list.
Gold prices jumped for the second consecutive day gaining Rs 297 to Rs 48,946 per 10 gram in the national capital on Tuesday, in line with rally in international precious metal prices, according to HDFC Securities.
Equity benchmark Sensex jumped 248 points to end at a fresh life-time high on Tuesday, tracking gains in index heavyweights Reliance Industries, HDFC Bank and Bharti Airtel amid positive global cues and persistent FPI inflows.
Food and beverages major PepsiCo on Tuesday announced a list of 10 global emerging innovators including India's Biosustain Labs, each of which will get a grant of USD 20,000 and mentoring support under its fifth 'Greenhouse Accelerator' program.
Introduced with its M Sport package, the new BMW 220i is locally produced at the company's Chennai-based manufacturing plant, the automaker said in a statement.
The income tax department had received several representations to further extend dates for filing returns as disruptions caused pandemic had continued to create problems for various taxpayers.
The flight took off for Chennai from Pune early morning on Tuesday, carrying 70,800 vials (7,08,000 doses) of the vaccine, according to GoAir.
Referring to the successful PM-KISAN scheme under which Rs 6,000 is paid annually directly into farmers bank accounts, he said the DBT mechanism should be fine-tuned and gradually should be utilized to support farmers in lieu of other subsidies.
Equity benchmark Sensex dropped over 100 points in early trade on Tuesday, tracking losses in index-heavyweights HDFC, Kotak Bank and ICICI Bank despite largely positive trend in global equities and sustained FPI inflow.
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