Retail petrol and diesel prices have touched record highs over the past few days. On March 3, petrol price for a litre was unchanged for the fourth day in a row at Rs 97.57 in Mumbai, Rs 91.17 in Delhi, Rs 93.11 in Chennai and Rs 91.35 in Kolkata. Diesel prices too have been left …
India’s exports have dropped marginally by 0.25 per cent to $27.67 billion in February as imports rose nearly 7 per cent to $40.55 billion, provisional data from the Ministry of Commerce and Industry shows. This means that the trade deficit has widened to nearly $13 billion in the month gone by compared to $10.16 billion …
India’s economy is out of a technical recession and returns to the growth path in the third quarter of FY 2020-21, with a 0.4 per cent increase in the Gross Domestic Product. This comes on the back of a huge 24.4 per cent contraction in the June quarter, following a pandemic-associated lockdown. The September quarter …
Will insurance firms be allowed to invest in debt securities issued by real estate or infrastructure investment firms? The answer is yes. News reports suggest that the Insurance Regulatory and Development Authority (IRDA) is planning to permit such investments in a bid to boost REIT and InvIT investments attractive. What are REITs and InvITs? It …
Rising commodity prices pose a challenge to 46 per cent of the free-float weighted market cap of benchmark index Nifty 50, according to the latest report from international research firm Bank of America Securities (BofA). This accounts for 31 companies on the Nifty 50. The exposure of these companies to global commodity risk has shot …
India’s National Stock Exchange (NSE) halted trading for over four hours, in what is now seen as the longest such outage in the country, because of a technical glitch. Trading resumed around 3.30, and an unprecedented extension led to both the NSE and the BSE (Bombay Stock Exchange) functioning till 5 pm. Around 10 am …
Trading at the NSE was halted yesterday for most of the normal trading hours post 11:40 A.M. due to technical glitches. The issue started sometimes post 10 A.M as tickers for all indices including the Nifty stopped getting updated. However at 11:40 A.M trading was halted for both the cash and F&O segment on the …
Come March 31, Tata Consumer Products Ltd will replace GAIL India Ltd in a half-yearly reshuffle of the benchmark Nifty 50. This change will also be made to the Nifty 50 Equal Weight Index. The Nifty 50 composition is reviewed and changes made two times a year (March and September). The review is taken up …
After a lull of several months when Covid-19 cases had seen a considerable decline, the active cases have been on the rise again, with February 21 registering 14,199 new cases. New cases had hit a low of 9,121 on February 16. Fears of a second wave and increased restrictions have dragged the stock market down, …
India’s largest cigarette maker, ITC Ltd, is back in the news again over talks of a demerger of its FMCG and hotel businesses. Talk over its demerger has done the rounds in the past as well but the recent earnings report of the 110-year-old giant is again giving rise to such speculation. The conglomerate that …
