Business
Shrugging off Pandemic Concerns, Sensex Soars 399 Points; Nifty Tops 11,000-level
On the Sensex chart, Bajaj Finance, Bajaj Finserv, HCL Tech, Tech Mahindra, Infosys, HDFC Bank and ICICI Bank were among the prominent gainers.
Roshni Nadar Becomes HCL Tech Chairperson, First Woman to Chair Listed Indian IT Firm
Roshni, also a trained classical musician, came on the board of HCL Technologies in 2013 and was Vice Chairperson. She will continue as CEO of HCL Corporation, the holding company for all the group entities.
Icra Sees India's GDP Contracting 9.5% in FY21 as Covid-19 Lockdown Hits Recovery
Most of the analysts have projected the country's GDP to contract in the range of 5-6.5 per cent in this fiscal.
Sanitisers are Disinfectants Like Soaps and Dettol, Attract 18% GST: Finance Ministry
In a statement, the Finance Ministry said various chemicals, packing materials and input services, among others, used for manufacturing hand sanitisers also attract a GST rate of 18 per cent.
What Makes Jio Irresistible for Arch-Rivals Google and Facebook to Come Together as Investors
At a time when the US market is saturated, and both companies are banned from China, India becomes the next battleground for any global technology player.
Infosys Reports Q1 Net Profit up 12.4% to Rs 4,272 Crore
Its revenue grew 8.5 per cent to Rs 23,665 crore in the quarter under review from Rs 21,803 crore in the corresponding period last fiscal, it added.
India's Soybean Output Set to Rise as Farmers Expand Area on Ample Rains
Increased production of India's main summer-sown oilseed could help the world's biggest vegetable oil importer trim costly purchases of palm oil, soyoil and sunflower oil from Indonesia, Malaysia, Argentina and Ukraine.
Saudi Aramco Deal has Not Progressed as per Earlier Timeline, Says Mukesh Ambani at RIL AGM
Ambani said Reliance will spin off its oil-to-chemical business into a separate subsidiary by early 2021.
Mukesh Ambani Leapfrogs Google Founders to Become Sixth Richest Person in the World
The RIL chairman is now worth $72.4 billion, according to the Bloomberg Billionaires Index.
Franklin Templeton Mutual Fund's Shut Schemes Receive Rs 3,275 Crore Since Closure
It said the amount has been received without the ability to efficiently monetise assets and the schemes will endeavour to accelerate monetisation after completion of e-voting exercise and unitholder meets.
PNB Housing Finance to Seek Shareholders' Nod to Raise up to Rs 45,000 Crore
The company, promoted by the country's second largest state-owned lender Punjab National Bank (PNB), in its annual report said that 2019-20 was a challenging year for the sector as well as the company.
Daiichi-Ranbaxy Row: Delhi High Court Puts Restrain on Selling, Creating Under 'SRL' Trademark
Justice Rekha Palli also sought response of the Singh brothers on Daiichi's plea seeking sale of the 'SRL' and allied trademarks and to restrain Judgment Debtors (Headway Brands Private Limited) from alienating, transferring, selling or in any manner crea...
Govt Halts Merger of 3 State-owned General Insurers, Will Infuse Rs 12,450 Crore
The National Insurance Company, Oriental Insurance Company and United Insurance Company will get the additional capital, said minister Prakash Javadekar after the cabinet meeting.
Review Timelines for Installation of Emission Control Unit at Power Plants: FICCI to PMO
The deadline to meet these norms is different for different power plants but all plants are supposed to comply with rules by December 2022.
CBDT Notifies I-T Exemption on Sovereign Wealth Funds' Income from Infra Investment
Through a notification, the CBDT has widened the scope of 'infrastructure' for the purpose of claiming income tax exemption under Section 10 (23FE) of the I-T Act introduced via the Finance Act 2020.
Gold Steadies Near Eight-year High as Coronavirus Cases Surge
India on Monday overtook Russia to record the world's third-highest number of COVID-19 cases, while US coronavirus deaths crossed 130,000.