Amid Covid wave, GST Council meet begins; may consider duty cuts

New Delhi  (IANS) The 43rd meeting of the GST Council, the first this year in the midst of second wave of Covid pandemic, begun on Friday morning through video conferencing.

The meeting is being chaired by Finance Minister Nirmala Sitharaman…

Unlock hopes, Covid decline pushes Nifty to record high

Mumbai (IANS) India's key benchmark equity index NSE Nifty50 touched a new record high level as fresh Covid cases declined, thereby, igniting hopes for a quick unlock.

Accordingly, global cues and accelerated pace of economic recovery led…

Equity indices trade flat ahead of F&O expiry

Mumbai (IANS) The key Indian equity indices traded on a flat note on Thursday morning amid a choppy session ahead of the expiry of the May series of futures and options (F&O) later in the day.

Around 10.30 a.m., Sensex was trading at 51,069.33,…

Impact & duration of Covid2.0 biggest risks to growth estimates: RBI

New Delhi (IANS) As India battles the pandemic and states undergo lockdowns, the Reserve Bank of India (RBI) has said that the impact and the duration of the second wave of Covid-19 are the biggest threats to its growth estimates for the country for…

India wearables market sees highest 11.4M unit shipments in Q1

New Delhi (IANS) The strong momentum in the watch and earwear categories led to the highest ever first-quarter shipments of wearables in India, an IDC report said on Thursday.

The India wearables market grew 170.3 per cent (year-over-year)…

Credit Suisse cuts metals, underweight on IT

New Delhi (IANS) Credit Suisse is cutting metal stocks from overweight (OW) to underweight (UW) in its latest India market strategy.

"We book profits on metals, reversing positions added in December-20 and earlier, as P/B relative to market…

India's GDP may grow faster than estimated in Q4 but FY22 growth may falter

New Delhi (IANS) There is both good news and bad news on the economic front for India that is looking to come out from the second and deadlier wave of Covid pandemic.

The good news is that the country's GDP is expected at faster pace than…

Bharat Biotech expects WHO approval for Covaxin by July-Sep

Hyderabad (IANS) Bharat Biotech has said on Tuesday that it is expecting regulatory approvals from the World Health Organisation (WHO) for its Covid-19 vaccine Covaxin by July-September 2021.

The Hyderabad-based company stated that application…

Renault Nissan Automotive to shut down TN plant for 5 days

Chennai (IANS) A day after its workers union announced indefinite boycott of work from May 26, Franco-Japanese car making joint venture Renault Nissan Automotive India Private Ltd on Tuesday decided to close its factory between May 26-30 and restart…

Renault Nissan workers to boycott work from May 26

Chennai (IANS) Unless their safety is ensured at the plant, workers of the Renault Nissan Automotive India Private Ltd have decided to boycott duty from May 26 onwards, the Renault Nissan India Thozhilalar Sangam (RNITS) has said.

The RNITS…