Nifty crosses 13K as vax hopes boost markets globally

Mumbai (IANS) Optimism over the vaccine front against the novel Coronavirus and the continued flow of foreign funds have boosted the Indian stock market, as on Tuesday the Nifty50 crossed the 13,000 mark for the first time.

The Nifty50 on the…

Surprise performance as Nifty profits at highest level amid pandemic

New Delhi (IANS) Rather unexpectedly when the economic conditions looked challenging and visibility was low, India Inc has surprised with the Nifty companies delivering their highest-ever quarterly profits in September 2020 in the last 45 quarters.

NSE expels Karvy Stock Broking

New Delhi (IANS) The National Stock Exchange (NSE) has expelled tainted member, Karvy Stock Broking Ltd from its membership and also declared it a defaulter.

In a circular, NSE says, "...the member has been expelled from the membership of the…

As bank failures mount, RBI decision on new bank licenses could be controversial: Macquarie

New Delhi (IANS) At a time when bank failures are increasing in India, the decision to distribute licenses could be controversial.

As per a report by Macquarie Research, the RBI just released an internal working group (IWG) report to review…

Market opens higher, Sensex hits fresh high

Mumbai (IANS) The key Indian equity indices opened in the green on Monday with the BSE Sensex touching a new record high within just minutes into the trade.

Healthy buying was witnessed in metal, energy and oil and gas stocks.

Sensex…

Resume mining to overcome jobs, economy issues: CII to Goa govt

Panaji (IANS) The Confederation of Indian Industry (CII) Goa chapter has emphasised the need for prompt resumption of mining activities in the coastal state to overcome disruption in economy and unemployment caused by the Covid-19 pandemic.

Alterations…

Cargo movement issues likely to stay as supply chains resume: ADB

Mumbai (IANS) As international trade gets back to normalcy with gradual lifting of lockdowns across countries, difficulties in cargo movement and clearance processes are likely to continue, said an Asian Development Bank blog post.

Emphasising…

'LVB-DBS Bank India amalgamation fishy scheme'

Chennai (IANS) Concerned citizens, shareholders and a major union in the banking sector are of the view that the Reserve Bank of India (RBI) mooted amalgamation scheme for Lakshmi Vilas Bank (LVB) with DBS Bank India, a subsidiary of the DBS Bank,…

Transition to clean energy sources subdued participation in commercial coal auction: Ind-Ra

New Delhi (IANS) The transition to clean energy sources led to subdued participation in the recently concluded first round of commercial coal mine auction, said India Ratings and Research.

Accordingly, in a report, the agency said that domestic…

Adequate interest for BPCL disinvestment, no need to alter sale process: Govt

New Delhi (IANS) The government has said that adequate interest has been received for the strategic disinvestment of public sector refiner Bharat Petroleum Corporation Ltd (BPCL) with several suitors submitting expressions of interest (EoI).

The…