India now looks to build strategic gas reserve

New Delhi (IANS) After oil, India may now build strategic reserve of natural gas to further strengthen the country's energy security and shield itself from supply disruptions and frequent price fluctuations coming from perennial political risks…

Tax sops for Covid hit Aviation Sector may come in Budget 2021

New Delhi (IANS) Ahead of the Budget 2021, the government has hinted at rationalization of various taxes in the aviation sector, which is among the hardest hit by the Covid-19 induced economic meltdown.

"We are working on a long-term plan to…

Nifty50 witnessing fastest rally since FY10

Mumbai (IANS) As the Indian equity indices continue to hit new highs, Nifty50 has witnessed its fastest rally since the financial year 2009-10.

The Nifty50 on the National Stock Exchange (NSE) has gained 86 per cent in the current financial…

Net outflows from equity MFs at over Rs 10k cr in December

New Delhi (IANS) Equity and equity-linked mutual fund schemes saw a net outflow of Rs 10,147.12 crore in December, showed data from the Association of Mutual Funds in India (AMFI) on Friday.

The net outflow stood at Rs 12,917.36 crore in November,…

Petrol price breaches all-time high; tops Rs 84/litre in Delhi

New Delhi (IANS) Petrol prices have breached all-time high levels in the new year as rising global oil prices pushed fuel marketing companies to raise the pump price of auto fuels for the second time this year on Thursday.

Accordingly, petrol…

Microfinance sector's loan portfolio shrinks in Q2, FY21

New Delhi (IANS) The gross loan portfolio (GLP) of India's microfinance sector witnessed a de-growth of 1.15 per cent in the July-September quarter at Rs 2.24 lakh crore, on a quarter-on-quarter basis, according to CRIF High Mark's 'MicroLend'…

Retail investors pump in $ 12bn as they go direct in stock market

New Delhi (IANS) Retail investors in India directly bought stocks to the tune of $ 12 billion over January-September as the post-Covid period has seen rising retail inflows similar to the global trend.

According to a report by foreign brokerage,…

Early inclusion of natural gas into GST fold likely

New Delhi (IANS) With states coming on board over GST compensation issue, the Centre is gearing up to get their consent over inclusion of petroleum products under the new indirect tax fold.

Sources privy to the development said that based on…

Iron ore prices expected to remain elevated over mid-term: India Ratings

Mumbai (IANS) Iron ore prices are expected to be elevated over the near-mid-term due to supply-side constraints clubbed with a simultaneous robust revival in demand post Covid-19 led demand shocks, India Ratings and Research said on Wednesday.

Demand momentum improved significantly since Sep 2020: PHDCCI

New Delhi (IANS) The business sentiment and demand momentum in India has improved tremendously since September 2020, according to PHD Chamber of Commerce and Industry's Economy GPS Index.

A report by the industry body said that as a result…