TN sold liquor worth Rs 210 cr on eve of lockdown

Chennai (IANS) Tamil Nadu State Marketing Corporation (Tasmac), the state government entity that sells liquor has netted Rs 210 crore from sale of liquor on Saturday on the eve of the lockdown of Sunday. Tasmac shops remain closed on Sunday due to…

Omicron Blow: Rupee expected to weaken on inflation, infection woes

Mumbai (IANS) Likely surge in bond yields along with rising Covid cases are expected to weaken the Indian rupee during the upcoming week.

Besides, persistently high energy costs could subdue the rupee bulls.

However, re-commencement…

'Cats & Dogs' touch 52-week high in a volatile market

New Delhi (IANS) Some penny stocks or low-priced stocks scaled new highs or went up in straight trading sessions this week in an otherwise volatile broader market.

Innumerable counters are moving up without logic, many defying fundamentals…

Equity market up in early trade on Friday

New Delhi (IANS) The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty on the National Stock Exchange (NSE) rose in early trade on Friday.

At 9.35 a.m., Sensex traded at 60,011 points, up 0.7 per cent from its previous close of 59,602…

Cotton import duty cut may help Pak-China, spur Indian farmers' suicides, warns Maha panel

Mumbai (IANS) In a dark warning, a Maharashtra government appointed panel has warned that any move by the Centre to slash or withdraw import duty on cotton could benefit Pakistan-China and prove detrimental to the Indian agro-economy by spurring farmland…

Growth Curve: India's FY22 GDP expected to grow at 9.2%

New Delhi (IANS) India's economy is estimated to clock a growth of 9.2 per cent in terms of real GDP for FY22, official data showed on Friday.

In 2020-21, India's economy had contracted by (-)7.3 per cent.

On Friday, the First…

NBFC PCA to bring parity between banks, non-banks: Ind-Ra

New Delhi (IANS) The prompt corrective action (PCA) framework for non-banking financial companies (NBFCs) will bring a further parity in terms of the regulations between banks and non-banks, said India Ratings and Research (Ind-Ra).

Accordingly,…

'Junk companies trade with 20% circuit, shady companies are put into F&O'

New Delhi (IANS) Questions have been raised over stock exchanges and SEBI over how shady companies are allowed to trade at a 20 per cent freeze and in futures and options (F&O) category.

Sandip Sabharwal, investment advisor and equity analyst…

Fresh restrictions to impact retail automobile sales: FADA

New Delhi (IANS) Covid-led restrictions in several states and people starting working from home are expected to have a negative effect on retail automobile sales, the Federation of Automobile Dealers Association said on Wednesday.

"Various…

LIC assets at $463 bn exceeds the GDP of several economies

New Delhi (IANS) LIC assets at $463 billion exceeds the GDP of several economies, and it is ranked 5th globally in terms of life insurance GWP and 10th globally in terms of total assets.

Its assets are 1.1 times more than the entire Indian…