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Business / The Economic Times

China stocks rebound from 15-month low after state media's call for support

The blue-chip CSI300 index rose 0.7% to end at 4,712.31, while the Shanghai Composite Index gained 0.7% to 3,455.67.

26 Jan 2022 1:33 pm
Decision-Day Guide: Fed to signal March interest-rate liftoff

The FOMC will discuss how and when to shrink its balance sheet

26 Jan 2022 1:17 pm
February, March to see increase in demand: Shriram Transport Finance

Shriram Transport Finance Company Vice-Chairman and Managing Director Umesh Revankar said the collection rates would rise in February and March as more people get vaccinated and the Omicron variant was less impactful on business than originally feared.

26 Jan 2022 12:14 pm
Chhattisgarh allows state government employees to work for five days a week

In a slew of announcements on Republic Day, the state government headed by chief minister Bhupesh Baghel also raised the share of the state to 14% from 10% as part of Anshdayi Pension Scheme.

26 Jan 2022 12:14 pm
This Jhunjhunwala bet may log over 100% jump in Q3 profit tomorrow

Jhunjhunwala held 2,90,97,400 shares or a 1.60 per cent stake in Canara Bank as of December 31, valued at roughly Rs 650 crore.

26 Jan 2022 12:13 pm
Last week saw highest weekly global Covid numbers since beginning of pandemic: WHO

The COVID-19 Weekly Epidemiological Update, released on Tuesday by the WHO, said that globally, the number of new COVID-19 cases increased by 5 per cent in the past week (January 17-23, 2022).

26 Jan 2022 11:36 am
Asian shares mixed in narrow trading ahead of Fed meeting

On Wall Street, shares came well off their lows by late afternoon. But another burst of selling in the final hour of trading pulled them lower again. Technology stocks were the biggest drag on the market.

26 Jan 2022 11:30 am
Gold holds ground as Ukraine risks offset Fed rate views

Spot gold held its ground at $1,846.87 per ounce, as of 0325 GMT, after hitting its highest level since Nov. 19 on Tuesday. U.S. gold futures were down 0.3% at $1,847.50.

26 Jan 2022 11:25 am
Top cryptocurrency prices today: Dogecoin, Bitcoin, Ethereum zoom up to 7%

The crypto market is closely observing the result of the US Federal Reserves two-day policy meeting later in the evening. The Fed is expected to hint at an interest rate hike in March to fight inflation.

26 Jan 2022 11:19 am
Yuvraj Singh and Hazel Keech welcome baby boy, celebs rush in to congratulate the new parents

Keech and Singh took to Instagram to inform fans, family and friends about the new blessing.

26 Jan 2022 11:04 am
Hydrogen planes not enough to green aviation: Study

Automakers and planemakers alike have been looking at it as a means to reduce the climate impact of the transportation sector, although currently most production of hydrogen creates emissions.

26 Jan 2022 11:01 am
Oil dips on profit-taking ahead of Fed update

Brent crude futures were down 15 cents, or 0.2%, at $88.05 a barrel at 0105 GMT, having jumped 2.2% in the previous session.

26 Jan 2022 10:25 am
Joe Biden to meet Qatar leader as energy worries loom in Europe

Qatar is one of the world's larger suppliers of liquefied natural gas and is among countries that the US is hoping could aid Europe should a Russian invasion of Ukraine lead to Moscow stemming the flow of energy.

26 Jan 2022 10:19 am
Small investors may skip new-age cos, cryptos

Every bubble attracts small investors in hordes and leaves them much poorer. The bubble has a tendency to grow fast, making people richer at a rapid pace during the growth phase.

26 Jan 2022 10:15 am
Sebi nod means distressed asset funds can buy bad loans directly from banks

It will certainly open the tap for big money to flow into the distressed asset space in India, said Srini Sriniwasan, managing director, Kotak Investment Advisors, the alternative investment arm of the Kotak Mahindra Group that also manages a $1-billion special situations fund.

26 Jan 2022 10:14 am
Covid hits worker attendance at manufacturing units, roils output

If not handled well, large absenteeism can be a nightmare for factories. If things dont return to normalcy, then we will have a tough job on hand, said managing director Siva Ganapathi. The leading garment exporter employs about 15,000 people in six of their units in Bengaluru.

26 Jan 2022 10:03 am
A postcard to the PM: Why millions of children are pivotal to the vision of grand India by 2047

The potential for a child to learn is maximum in the learning zone where she or he interacts with the teacher. So, to enrich the learning zone we have to enable the teacher on a continuous basis.

26 Jan 2022 10:02 am
Bharti's surprise fundraising talk sends stock up 4%

There are reports that Amazon, Google or Microsoft could be a potential investor.

26 Jan 2022 9:59 am
BJP meet to discuss remaining 30 seats in Punjab; list likely on January 27

Talking to after the meet, Punjab BJP in-charge Dushyant Gautam said, We have already released the names of 35 candidates and 30 more names are remaining. In today's meeting, most of the work has been done on deciding the names of the rest 30 candidates.

26 Jan 2022 9:45 am
Air India PF asset sale to weigh on bond market

Two provident-fund trusts at the Tata-bound carrier are selling an estimated 4,500-5,000 crore of bond portfolio, including debt sold by states, the Centre and some corporates, as the management of the corpus will now shift to the Employees' Provident Fund Organisation (EPFO) after the Tata Group takeover.

26 Jan 2022 9:16 am
How Budget 2022 can supercharge startups & small businesses? Meeshos Vidit Aatrey explains

In the offline world, if one does not have GST, one is allowed to sell, but not in the online world. I really feel that this is one of the biggest blocks stopping small businesses from really going online and becoming successful.

26 Jan 2022 9:11 am
A two-year rally, and still only 50 of top 100 cos beat the Nifty

Stocks such as HDFC Bank, HUL, HDFC, Bharti Airtel, Kotak Bank, Maruti, ONGC, Nestle, among others, have underperformed the Nifty in the past two years. ITC, Axis Bank, Coal India, BPCL, ICICI Lombard, Colgate, Petronet, Indraprastha Gas and Federal Bank among others are trading below their prices two years ago.

26 Jan 2022 9:07 am
IPO Analysis: Adani Wilmar could be a good bet in branded staples

Given the company's presence in the fast-growing under-penetrated branded packaged staples such as edible oil, wheat flour, rice, pulses, and sugar along with attractive valuation, investors may consider the IPO.

26 Jan 2022 9:04 am
India may escape some of the pressure of Fed rate tightening: Mitul Kotecha

One does not really want to catch a falling knife in an environment where the market is still fairly bearish and expectations are still tightening and of course we do have the Fed FOMC meeting on Wednesday. That will give us further indications.

26 Jan 2022 9:01 am
Crypto traders are now moving to more stable tokens

Traders and investors typically move to safer digital assets such as stable coins (like Tether, which is pegged to the US dollar) during times of price crash and high volatility. We have seen investors selling assets and converting them to USDT as the rate is around the $82.5-83 mark, which is currently very favourable, said Shekhar of ZebPay.

26 Jan 2022 8:46 am
Another Rahul 'Pal' RPN Singh quits Congress, joins BJP; likely to contest against SP Maurya

Other close associates of Gandhi who have abandoned Congress include Jyotiraditya Scindia, Prasada, Ashok Tanwar, Aditi Singh. Another Gandhi associate Sachin Pilot rebelled in Rajasthan but failed to topple the Ashok Gehlot government. Sushmita Dev joined the AITC to become a Rajya Sabha MP.

26 Jan 2022 7:03 am
Phased introduction of Labour Codes on cards

The two codes which may come in from the next fiscal will be the Social Security Code and the Code on Occupational Safety, Health and Working Conditions.

26 Jan 2022 6:55 am
Olympic gold medalist Neeraj Chopra gets Param Vishisht Seva Medal

The President approved awards of 384 gallantry and other defence decorations on the eve of 73rd Republic Day celebrations, which includes 12 Shaurya Chakras.

26 Jan 2022 6:50 am
Economy on move again, says President Ram Nath Kovind

Addressing the nation on the eve of the Republic Day, Kovind said that it was a testimony to India's spirit in the face of adversity that the economy was projected to grow at an impressive rate this fiscal, after going through contraction last year. He added that the performance had been possible due to the improvement in the agriculture and manufacturing sectors.

26 Jan 2022 6:39 am
Pandemic headed for a long pause, but not the end, warn experts

Reddy said the world is moving towards a steady state where it will see a gradual decrease in the severity of cases, but there will still be vulnerable people requiring hospitalisation.

26 Jan 2022 6:28 am
Boat set to float Rs 2,000-cr IPO, eyes $1.5-2 bn valuation

Boat, one of the largest direct-to-consumer, audio-focused electronics brands in India, is set to file a draft red herring prospectus for a Rs 2,000-crore initial public offering with the Securities and Exchange Board of India this week. The New Delhi-based company is expected to seek a valuation of $1.5-2 billion in the IPO to be floated this year, people aware of the matter told ET.

26 Jan 2022 5:56 am
Boat set to float Rs 2,000-crore IPO, eyes $1.5-2 billion valuation

Warburg Pincus, the single largest shareholder with around 36% stake, will divest shares worth Rs 700-800 crore in the Boat IPO, likely to be an equal mix of fresh stock and an offer for sale.

26 Jan 2022 5:56 am
Uday Shankar, James Murdoch plan to pick up nearly 40% in Viacom18, Reliance to retain majority stake

The bulk of the investment is likely to be by way of primary infusion of funds. Besides the Murdoch-Shankar duo - who are coming in as strategic investor - a few financial investors may also buy stakes.

26 Jan 2022 5:51 am
Vedanta Ltd raises Rs 8000 crore secured term loan from Union Bank of India

Vedanta prepaid Rs 10,000-crore term loans availed from four local banks at over 10% in December. It repaid the entire Rs 5,000 crore loan of State Bank of India, Rs 2,000 crore each of Bank of Baroda and Indian Bank, and Rs 1,000 crore loan of Yes Bank, one of the persons said.

25 Jan 2022 11:49 pm
Swaminathan View: A big global stock market crash is coming

Global stock markets will suffer a major crash within the next year. There. I've said it without hedging or qualification. I could have said something more cautious like, 'The chances of a stock market crash have increased considerably.' Or, 'The manic investment in stocks that have never made a profit is going to end.' Or even, 'After a bull run of four years, the stock markets are overdue for a major correction.' Instead, let me stick my neck out.Stock markets in India and abroad have fallen q

25 Jan 2022 11:25 pm
Air India PF trusts sell debt papers before Tata acquisition

Two provident-fund trusts at the Tata-bound carrier are selling an estimated Rs 4,500-5,000 crore of bond portfolio, including debt sold by states, the Centre and some corporates, as the management of the corpus will now shift to the Employees Provident Fund Organisation (EPFO) after the Tata Group takeover.

25 Jan 2022 10:24 pm
US warns Russia not to 'weaponize' energy supplies

The United States warned Russia on Tuesday not to weaponize its enormous oil and gas industry against energy importing European countries in the event of conflict over Ukraine.

25 Jan 2022 9:29 pm
Nitin Gadkari urges construction sector to substitute diesel with alternative fuels

Expressing concern over the use of diesel in the construction industry, Union Minister Nitin Gadkari on Tuesday said the sector must work for substitution of the fossil fuel with alternative fuels like bio-ethanol, LNG and CNG, which will not only reduce hazardous emissions but also cut the huge import bill.Addressing an event organised by industry body CII, Gadkari said currently India is importing 85 per cent of its crude oil requirement, which amounts to Rs 8 lakh crore annually, which is a h

25 Jan 2022 9:25 pm
Pfize begin trials of new Omicron vaccine

Pfizer and BioNTech on Tuesday announced the initiation of clinical trials to evaluate the safety, tolerability and immunogenicity of an Omicron-based vaccine candidate in healthy adults 18 through 55 years of age.The study will have 1420 subjects, with three cohorts examining different regimens of the current Pfizer-BioNTech COVID vaccine or an Omicron-based vaccine.The first participants enrolled in clinical trial received Omicron-based vaccine candidate as a two-dose primary series and as a b

25 Jan 2022 9:20 pm
Telcos oppose reserving 5G spectrum for captive use; L&T, Tata Communications for it

Tata Communications (TCL) and engineering major Larsen & Toubro (L&T), though, have strongly countered the telcos position, saying dedicated spectrum must be reserved for private networks and urged the Telecom Regulatory Authority of India (Trai) to adopt global practices to create a private 5G ecosystem for enterprises to drive the governments Make in India vision.

25 Jan 2022 9:00 pm
Is the stock market open tomorrow?

This is the first market holiday of the year, and will likely give breathing space to traders amid heightened volatility in the market.

25 Jan 2022 8:54 pm
Wall Street drops at open as tech selloff deepens; Fed meeting eyed

The Dow Jones Industrial Average fell 177.86 points, or 0.52 per cent, at the open to 34,186.64.

25 Jan 2022 8:20 pm
US business pulls down Torrent Pharma net profit by 16% in Q3FY22

Revenues rose 6 per cent YoY to Rs 2,108 crore in Q3FY22 compared to Rs 1,995 crore in Q3FY21

25 Jan 2022 8:19 pm
Nikhil Kamath on why he is skeptical about new tech cos and his expectations from Budget 2022

Nikhil Kamath on why he is skeptical about new tech cos and his expectations from Budget 2022

25 Jan 2022 8:11 pm
Another day, another Musk tweet pumps Dogecoin up 9%

Musk, who is the founder of Tesla and SpaceX, said he would eat a Happy Meal on TV if Fast food giant McDonalds starts accepting Dogecoin

25 Jan 2022 7:55 pm