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Business / Goodreturns

Bank of England Keeps UK Interest Rates At Record Low Of 0.1 Percent

The Bank of England kept its main interest rate at the record low of 0.1% on Thursday and updated its growth predictions for the British economy following the lifting of many coronavirus lockdown restrictions. In a prepared statement accompanying its decision,

24 Jun 2021 6:07 pm
Coinbase To Enter Japanese Market With 5 Cryptos

Coinbase, one of the largest crypto exchanges based in New York, has received approval from Japan's main regulatory body, the Financial Services Agency (FSA). Under the new Fund Settlement Act, the FSA registered Coinbase as a cryptocurrency exchange. Coinbase will now

24 Jun 2021 6:00 pm
Jio And Google Cloud To Collaborate On 5G Technology

Reliance Jio Infocomm Limited (Jio), a subsidiary of Reliance Industries Limited, and Google Cloud are embarking on a comprehensive, long-term strategic relationship with a goal of powering 5G in enterprise and consumer segments nationwide. In addition, Reliance will also take advantage

24 Jun 2021 5:01 pm
Small Savings Schemes: Govt defined rules regarding joint accounts

Post office small savings schemes come with a variety of options for both short and long-term investors. Ranging from PPF to SCSS, small savings schemes are considered as one of the most secure investments apart from fixed deposits of banks. In

24 Jun 2021 4:05 pm
State Revenues Set To Top Pre-pandemic Heights: CRISIL

Revenues of India's top 10 states, which plunged 600 basis points (bps) last fiscal, are set to exceed the pre-pandemic - or fiscal 2020 - levels by 600 bps this fiscal, CRISIL has stated. The recovery would be driven by higher

24 Jun 2021 3:57 pm
RBI Stipulated Guidelines For NBFCs While Declaring Dividends

The Reserve Bank of India has stipulated a set of guidelines for NBFCs before they declare dividends. According to a RBI release, the Board of Directors shall, while considering the proposals for dividend, take into account the following aspects: (a) Supervisory

24 Jun 2021 3:52 pm
Reliance Retail: Ambani Aims To Become One Of The Top 10 Retailers Globally

Reliance Industries Limited (RIL) slides nearly 3% amid profit booking.Despite the Covid-19 outbreak, Ambani stated the company's performance in FY21 exceeded expectations in his speech. Reliance opened 1,500 new stores, the largest retail expansion of any retailer during this time period,

24 Jun 2021 3:43 pm
Reliance 44th AGM Highlights: Mukesh Ambani Makes Interesting Announcements

The 44th annual general meeting (AGM) of Reliance Industries (RIL), India's largest business by market capitalization, was held virtually on June 24, 2021, at 2 p.m. During the RIL AGM, India's most valuable firm made many announcements related to its telecom,

24 Jun 2021 3:29 pm
5G Roadmap Announced By Mukesh Ambani At The 44th AGM

Four year ago, RIL's telecom arm disrupted the telecom space and pushed some of the major players into bankruptcy. And now Mukesh Ambani treads the shareholders through the company's 5G venture. The company has tested 5G soutions and demonstrated speeds of

24 Jun 2021 3:25 pm
Reliance To Launch Green Energy Business of Rs 75000 Crore in the Next Three Years

Last year, Ambani presented his vision for Reliance and India's next significant value creation engine: our New Energy and New Materials company. He also revealed our 15-year goal of becoming carbon-neutral by 2035. In 2021, Reliance will create a new energy

24 Jun 2021 3:20 pm
JioPhone Next Launch Announced: RIL 44th AGM

Talking about Jio, the company's chairman said we invested a huge sum into Jio and serves over 42.5 crore customers across the country. The company is the second largest global mobile date carrier. In the 4G spectrum, the company has invested

24 Jun 2021 3:17 pm
Saudi Aramco Chairman Inducted Into RIL's Board

As expected in the 44th AGM, Mukesh Ambani has confirmed the induction of Saudi Aramco's chairman Yasir Al-Rumayyan into RIL Board. This shall also mark the company's internationalisation. He'll be joining the company as the independent director. The Saudi

24 Jun 2021 3:00 pm
RIL 44th AGM: Financials Continue To Be Outstanding

Talking on the Financials the company's chairman took pride in its growth over the pandemic hit year. Net profit for the company was up 34%. He went on to say the company's performance has been outstanding even in distressed time

24 Jun 2021 2:45 pm
RILs Fight Against The Pandemic Through 5 Missions

Even before running through the company's financial, the conglomerate has taken pride in its humanitarian contribution in distressed times amid the pandemic. The company's Covid mission was put forth by Isha, Akash and Nita. Isha Ambani goes on to address that

24 Jun 2021 2:32 pm
Fitch Upgrades Reliance's Rating IsNotch Higher Than India's Sovereign Grade

Fitch Ratings has upgraded Reliance Industries Ltd's (RIL) rating to 'BBB', one notch above India's sovereign rating, as the company benefits from cash flow generation across diversified business segments and continuation of deleveraging. In a statement, Fitch said it has upgraded

24 Jun 2021 1:02 pm
Banks To Remain Closed For 4 Days In The Coming Week, Check Details

According to RBI standards, banks will be closed for four days next week, from June 25 to June 30. The banks will be shut on June 24 (today) due to the occasion of Sant Kabir Jayanti at Chandigarh and June 25

24 Jun 2021 12:54 pm
Banks To Remain Closed For 5 Days In The Coming Week, Check Details

According to RBI standards, banks will be closed for four days next week, from June 24 to June 30. The banks will be shut on June 24 due to the occasion of Sant Kabir Jayanti at Chandigarh and June 25 for

24 Jun 2021 12:47 pm
Live Updates: Reliance AGM

All eyes are on the Reliance AGM to hear what Mukesh Ambani has to say on the developments at the oil to chemicals business, Jio Business and retail business of Reliance. We will bring you live updates from the AGM.

24 Jun 2021 12:45 pm
Infosys Share Buyback: Stock Hit New High As Share Buyback To Start From Friday

After the information technology (IT) major stated that its Rs 9,200 crore buyback via open route will begin on Friday, June 25, 2021, shares of Infosys hit a fresh high of Rs 1,539.90, up 2.5 percent on the BSE in intra-day

24 Jun 2021 12:06 pm
7th Pay Commission: Pensioners Can Now Get Pension Slip Via WhatsApp, SMS & Mail

Banks will now provide monthly pension slips to Central Government retirees which will include the monthly pension amount paid, as well as the breakdown of the amount credited to a savings or current account maintained by a pensioner and specifics of

24 Jun 2021 11:44 am
S&P Cuts India's FY22 Growth Forecast To 9.5 Per Cent

S&P Global Ratings on Thursday cut India's growth forecast for the current fiscal to 9.5 per cent, from 11 per cent earlier, and warned of risk to the outlook from further waves of COVID pandemic. The agency lowered the growth outlook

24 Jun 2021 11:13 am
Reliance Industries Shares Under Pressure Ahead of AGM Today

Reliance Industries Ltd (RIL), India's largest conglomerate, will host its 44th annual general meeting (AGM). This will be Reliance Industries' second virtual annual general meeting. Reliance Industries stock was trading at Rs 2,194 at 10.12 am, down 0.51 percent on NSE

24 Jun 2021 10:12 am
Shyam Metalics Lists At 24% Premium, Sona Comstar Makes Weak Listing

Shyam Metalics and Sona Comstar have debuted on the street today. The listing has been on expected lines. Shyam Metalics on the NSE made a good listing at a price of Rs. 380 as against the issue price of issue price

24 Jun 2021 9:57 am
Oil Exploration Stocks Trade Mixed As Crude Gains Above $75; Selan Exploration Gains 9.5%

Brent crude prices as on June 23, 2021 traded higher above $75 at $75 bbl mark and this augurs well for oil exploration companies in India such as ONGC and Oil India. ONGC however is trading mildly lower by 0.24%. Also,

24 Jun 2021 9:41 am
Revenue Of Tour Operators To Be Only 35-40% Of Pre-Pandemic Levels

The tours and travel industry, which was beginning to recover before the second wave of Covid-19 infections began, will now see revenue this fiscal reaching only 35-40% of the pre-pandemic levels, CRISIL has stated in a report. While companies have raised

24 Jun 2021 9:38 am
Nifty Trades Higher On Thursday, Reliance Up Ahead Of AGM

Benchmark indices were trading higher on Thursday, with Asian markets showing a lack of direction. Mainland Chinese stocks slipped with the Shanghai Composite lower and the Hang Sang marginally higher. Stocks in Japan were trading little changed. The Sensex was up

24 Jun 2021 9:25 am
Fuel Prices Hiked; Petrol Prices Near Rs 100 in Patna

Fuel prices in the country were raised again after a day of hiatus, putting a strain on travellers. Petrol and diesel prices were raised in additional state capitals on Thursday, approaching the psychological mark of Rs100. Petrol has increased in price

24 Jun 2021 9:22 am
Crypocurrency Prices: Dogecoin, XRP, Cardano Gain, Bitcoin, Ethereum Still Down

While the regulatory risks continues to linger from across the globe, cryptocurrencies for now are showing varied price movements. As at Indian time 7:05 am, while some are up in trade by a hefty up to over 15%, others including

24 Jun 2021 7:21 am
FMCG Companies Log Sales Growth After Unlock 2.0:

FMCG companies are witnessing an increase in sales after Unlock 2.0 with easing of curbs on trading and movement by state governments and local authorities due to falling number of COVID cases. States began lifting restriction in the first week of

23 Jun 2021 8:55 pm
FM Says Cases Against Fugitives, Economic Offenders To Be Actively Pursued

Finance Minister Nirmala Sitharaman on Wednesday said the government will actively pursue cases against economic offenders to bring back defrauded money of banks. The remark came soon after the Enforcement Directorate (ED) said the Debts Recovery Tribunal (DRT) has sold shares

23 Jun 2021 7:42 pm
MSMEs' Group Is UrgingPM ToIntervene Immediately In Response To Rising Raw Material Prices

An umbrella body for micro, small and medium enterprises AICA on Wednesday sought immediate intervention of Prime Minister Narendra Modi on rising prices of raw materials such as steel, iron ore, aluminum, copper, plastics and paper. As many as 170 industry

23 Jun 2021 6:17 pm
Household Financial Savings Moderated To 8.2 Per Cent of GDP In Q3 FY21: RBI

The first wave of COVID-19 last year impacted households as their financial savings moderated to 8.2 per cent of GDP in December quarter from 10.4 per cent in the previous three-month period, revealed an RBI data released on Wednesday. The preliminary

23 Jun 2021 6:06 pm
Listing Expectations From Shyam Metalics, Sona Comstar IPO To Debut On June 24

IPO frenzy shall only gather pace with a number of companies lined up to open their public issues. Amid it, if you had applied for the IPOs of Shyam Metalics and Sona Comstar and had been lucky enough to be allotted

23 Jun 2021 5:12 pm
You Wont Be Able To Make These Mutual Fund Transactions From July, Heres Why

With effect from July 1, 2021, PAN-Aadhaar linking would be required for all MF transactions, according to the rules issued by the Income Tax Department. If a mutual fund investor will not link his or her PAN with Aadhaar before June

23 Jun 2021 4:32 pm
Fuel Hike Rate In India Has More To It Than Just Soaring Crude Rates Internationally

Fuel prices for some time now are on an uptrend and in most of the cities across India is very close to Rs. 100 mark per litre or have already breached the mark. While the concerned department owes the current fuel

23 Jun 2021 4:21 pm
3 Stocks To Buy Which Have Reduced Debt In 2021 And Offer Upside Of Up To 29%

A fundamentally good company also relates to the company that is low on debt while leveraging enables expansion, capital expenditure etc., too much of its existence on the company's balance sheet is not a good financial indicator. As is reported despite

23 Jun 2021 4:13 pm
Indices End Lower; Nifty Below 15,700; India VIX Climbs 3.8%

After opening firm in line with strong global cues, Indian benchmark indices ended in the red today. At the close, Sensex was down by 283 pts. at 52,306 while Nifty dropped by 86 pts. to close at 15687. Bank Nifty also

23 Jun 2021 3:34 pm
India Pesticides IPO Opens Today: Check IPO Subscription Details

India Pesticides Limited, one of the world's largest agrochemical manufacturers, has been in operation since 1984. In terms of volume, it isamong India's fastest-growing agrochemical companies in Fiscal 2020. India Pesticides are also the only Indian manufacturer of some technicals, such

23 Jun 2021 3:30 pm
3 Companies That Reduced Debt Substantially In FY21 And Offer Good Upside Potential Of Up To 29%

A fundamentally good company also relates to the company that is low on debt while leveraging enables expansion, capital expenditure etc., too much of its existence on the company's balance sheet is not a good financial indicator. As is reported despite

23 Jun 2021 3:04 pm
7th Pay Commission: Central Govt Employees Can Now Avail HBA Till March-22, Details Inside

Employees of the Central Government who want to develop their own house can apply for a House Building Advance (HBA). The HBA availed from October 1, 2020 to March 31, 2022, for a total of 18 months, a basic interest rate

23 Jun 2021 2:44 pm
Banks Recoup 40% ofLosses In Mallya,PNB Fraud Cases BySale of Seized Shares: ED

About 40 per cent of the money lost by banks in the PNB scam and the fraud linked to fugitive businessman Vijay Mallya's defunct Kingfisher Airlines has been realised by way of sale of shares seized under the Prevention of Money

23 Jun 2021 1:57 pm
Moody's Cuts India Growth Forecast For 2021 To 9.6 Per Cent

Moody's Investors Service on Wednesday slashed India's growth projection to 9.6 per cent for 2021 calendar year, from its earlier estimate of 13.9 per cent, and said faster vaccination progress will be paramount in restricting economic losses to June quarter In

23 Jun 2021 12:40 pm
Petrol Prices Score Rs. 100/L In Most Indian Cities: Here's How It Impacts You

Fuel prices for some time now are on an uptrend and in most of the cities across India is very close to Rs. 100 mark per litre or have already breached the mark. While the concerned department owes the current fuel

23 Jun 2021 12:27 pm
Gold Prices Stay Flat On June 23, Downside In Prices Possible

Gold prices were absolutely flat in international, as well as domestic trade. Gold Futures for August delivery were up just 0.14% at Rs 47,125, while international spot gold prices were trading at $1780.20 an ounce, with gains of 0.18%. Lack of

23 Jun 2021 11:53 am
Hero MotoCorp Shares Jump 3% On 2-Wheelers Price Hike News

The Indian motorcycle maker will boost prices across the board starting July 1. Prices could climb by much to Rs 3,000, according to estimates. The stock was one of the top gainers on the Sensex and Nifty 50 indexes on Wednesday.

23 Jun 2021 11:44 am
EPFO: ECR Shall Be Allowed To Be Filed Only For These Members, Check Details

Employers will now be able to submit electronic return-cum-challan (ECR) only for those employees whose Aadhaar numbers have been linked and validated with universal account numbers or UANs, according to the Employees' Provident Fund Organisation (EPFO). The EPFO's new step reflects

23 Jun 2021 11:23 am
Lower Interest Rates Has Led To Greater Interest By Individuals In Stock Markets

Lower rate in other saving avenues amidst the low interest rate regime has led to greater interest by individuals in the stock market, SBI has said in its Ecowrap report. Another reason could be the significant increase in global liquidity. Additionally,

23 Jun 2021 10:26 am
IDBI Bank Gains 6% On Advancement In Strategic Divestment Of The Bank

IDBI Bank in early trade on June 23, 2021 opened on a positive note. At 9:17 am, the lender's scrip traded higher by 3.89% at 40.10, while it hit the day's high price of Rs. 40.9. Meanwhile, indices traded firm with

23 Jun 2021 9:34 am
Sensex Opens Higher As Bond Yields Retreat

Benchmark indices opened the day higher as US Bond yields retreated and global cues continued to remain strong. Overnight US markets also saw good buying with the NASDAQ closing at a new record high. The Sensex was trading with gains of

23 Jun 2021 9:24 am
Higher Occupancy To Drive Recovery For Private Hospitals: CRISIL

Higher occupancy due to a surge in Covid-19 treatments will help private hospitals bounce back with 15-17% growth in revenue this fiscal, a shade above what they attained in the pre-pandemic year of fiscal 2020. According to CRISIL, this will aid

23 Jun 2021 8:53 am