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Business / Outlook India

Shiba Inu Falls 10%, Facebook Reverses Policy Preventing Ads On Cryptocurrencies

Shiba Inu witnesses fall of over 10.09 per cent in the last 24 hours, while Bitcoin falls by around 1.64 over the same period at 9 am, as per coinmarketcap.com.

2 Dec 2021 10:42 am
Sensex Jumps 214 Points. M&M, HDFC, Titan, HCL Tech, More Among Top Gainers

The 30-share index was trading 214.43 points or 0.37 per cent higher at 57,899.22 in initial deals. Similarly, the Nifty rose 53.95 points or 0.31 per cent to 17,220.85.

2 Dec 2021 10:15 am
Credit Card EMIs Get Costlier; Middle-Class Shoppers Likely To Be Affected Most

Big-ticket purchases on EMIs will cost more as leading lenders add processing fees to the transaction. Young shoppers may defer purchase or opt for other options.

2 Dec 2021 9:36 am
How To Get The Best From Your Employers Health Insurance Cover?

Corporate insurance plans are often superior to health insurance plans bought directly by the employee in terms of family members included, diseases covered, and more.

2 Dec 2021 9:28 am
How Digital Insurance Policy Documents Can Make Your Life Easy

Insurers are now issuing policy documents digitally as it has now become possible to make claims digitally. Moreover, it is also easier to store them online.

2 Dec 2021 9:17 am
Anand Rathi IPO Opens Today, Raises Rs 194 Crore Funding. Should You Subscribe?

The company has decided to allocate 35.25 lakh equity shares to 12 anchor investors at Rs 550 apiece, valuing the transaction size at Rs 194 crore, according to a BSE circular.

2 Dec 2021 9:08 am
Stocks To Buy Today: Maruti Suzuki, Infosys, Raymond Could Give Profitable Gains

According to market experts, this trade pattern indicates a formation of a pullback rally or a downtrend. This pullback is expected to be short-lived and the weakness could emerge again.

2 Dec 2021 8:44 am
Hero Motocorp's Two-Wheeler Sales Fall 40.9% YoY In November

Hero Motocorp said that the delay in harvesting due to the late withdrawal of monsoons in many parts of the country impacted the demand observed after the festive season.

1 Dec 2021 8:37 pm
Raymond Group's Board Approves Plan To List Subsidiary, JK Files & Engineering

Raymond Group informed its board approved subsidiary, JK Files & Engineering's IPO comprising an OFS for Rs 800 crore. The IPO will not constitute any fresh issuance of shares.

1 Dec 2021 6:02 pm
What Is CBDC? Why Does RBI See It As A Future Currency?

Many countries such as China, India and the US are looking towards Central Bank Digital Currency (CBDC) as a virtual currency that has the advantages of digital but is also regulated.

1 Dec 2021 5:29 pm
Sapphire Foods Expects To Double Store Count In Next 3-4 Years

Sapphire Foods CEO Sanjay Purohit said the company has observed a health recovery in dine-in sales owing to ease in covid-related restrictions, as delivery sales continued to accelerate.

1 Dec 2021 4:41 pm
Sensex Ends 620 Points Higher. IndusInd Bank, Axis Bank, SBI Among Top Gainers

The 30-share index ended 619.92 points or 1.09 per cent higher at 57,684.79. Similarly, the NSE Nifty surged 183.70 points or 1.08 per cent to close at 17,166.90.

1 Dec 2021 4:18 pm
Chennai-Based Agritech Veg Route Raises Pre-Seed Funding From Fintech Founders

The company plans to use the funds to expand in Tier-2 and Tier 3 cities by employing technology as well to build a strong in-house team which could also enable the business to run successfully across 300 destinations

1 Dec 2021 4:03 pm
Maruti Suzuki's Total Sales In November Fall Approx 9.2% YoY To 1,39,184

Maruti Suzuki said the semiconductor shortage had a minor impact on vehicle production in November. It added that the semiconductor shortage bothered production for the domestic market.

1 Dec 2021 3:42 pm
Mahindra & Mahindra's Total Sales Falls 4.31% In November To 40,102

Mahindra & Mahindra informed that issues regarding the semiconductor shortage continued to be a challenge for the entire industry.

1 Dec 2021 2:36 pm
Delhi Petrol Prices Reduced By Rs 8 Per Litre, OMCs Hike LPG Rates

Fuel prices were kept unchanged for 27 consecutive days. Earlier on November 4, the government had slashed excise duty on petrol and diesel to bring rates slightly down from the record-high levels.

1 Dec 2021 12:58 pm
GST Collections In November Surpass Rs 1.3 lakh Crore, Second Highest Ever

GST revenue collected in November 2021 is Rs 1,31,526 crore of which CGST is Rs 23,978 crore, SGST is Rs 31,127 crore, IGST is Rs 66,815 crore and Cess is Rs 9,606 crore.

1 Dec 2021 12:37 pm
Tega Industries IPO Fully Subscribed Within 1 Hour. Know Brokerage Houses View

The category for Retail Individual Investors (RIIs) received 2.10 times subscription while those meant for non-institutional investors got subscribed 7 per cent.

1 Dec 2021 12:15 pm
RateGain Travel Tech IPO To Open On Dec 7. Check Price Band, And Other Details

The IPO comprises a fresh issue of equity shares aggregating up to Rs 375 crore and an offer-for-sale (OFS) of up to 2.26 crore equity shares by promoters and existing shareholders.

1 Dec 2021 10:23 am
Sensex Surges Over 500 Points. IndusInd Bank, Tata Steel, SBI, Among Top Gainers

The 30-share index was trading 515.05 points or 0.90 per cent higher at 57,579.92 in initial deals. Similarly, the Nifty rose 185.15 points or 1.09 per cent to 17,168.35.

1 Dec 2021 10:10 am
Ethereum Jumps 5%, Proposed Cryptocurrency Bill Awaits Cabinet Approval, Says Nirmala Sitharaman

Ethereum witnesses a rise of over 5.28 per cent in the last 24 hours, while Bitcoin falls by around 0.49 over the same period at 7:30 am, as per coinmarketcap.com.

1 Dec 2021 9:41 am
Tega Industries IPO Opens Today: Should You Subscribe? Know What Analysts Say

The IPO is purely an offer of sale 1,36,69,478 equity shares by promoters and an existing shareholder. It will open on December 1 and conclude on December 3, the company announced.

1 Dec 2021 9:17 am
Stocks To Buy Today: NTPC, TCS, Future Retail, More Could Give Profitable Gains

NSE Nifty lost 70 points and closed at 16,983 levels whereas BSE Sensex shed 195 points and closed at 57,064 levels. According to market experts, the current market pattern shows sell-on-rise type action.

1 Dec 2021 8:45 am
Buying Or Selling Cryptocurrencies In India May Not Be That Simple

All eyes are now on the proposed cryptocurrency bill to get more clarity on transfer of funds to and from cryptocurrency exchange accounts. The Supreme Court lifted the ban on rupee transactions for cryptocurrencies.

1 Dec 2021 12:29 am
Omicron Reminder : You Should Buy Term Insurance Before Premiums Go Up

Omicron has served as a reminder that buying term insurance is important, and this may be the right time to buy one given the threat of the new variant and the fact that premiums are expected to rise.

30 Nov 2021 11:53 pm
Maruti Suzuki Expects Semiconductor Shortage To Impact Production In December

Maruti Suzuki stated that although the situation continues to be dynamic, total vehicle production in its Gujarat and Haryana manufacturing location could be around 80-85 per cent of normal production.

30 Nov 2021 9:03 pm
Five Ways How India Can Fuel Its Ambitious Renewable Energy Drive

To achieve the target of 500 GW of non-fossil fuel installed power generation capacity by 2030, India has a long way to go.

30 Nov 2021 8:17 pm
Star Health Insurance IPO opens: Should You Subscribe Or Not?

Star Health Insurance IPO is open for subscription till December 2 and plans to raise Rs 7,249 crore. To apply for one lot, you need to pay Rs 14,400 at the higher price band of Rs 900.

30 Nov 2021 7:33 pm
India's GDP Grows 8.4% In Q2

India's GDP grew 8.4 per cent in the September-end quarter. It had registered a 20.1 per cent growth in the previous quarter, this financial year.

30 Nov 2021 5:53 pm
Snapdeal Planning $250 Million IPO: Report

Bloomberg reports that Snapdeal intends to go public in early 2022. It intends to raise at least $200 million at a $1.5 billion valuation.

30 Nov 2021 4:39 pm
Sensex Drops 196 Points. Tata Steel, Kotak Bank, Baja Auto Among Top Losers

The selling pressure was triggered after European markets opened in the negative territory amid concerns over the Omicron variant of the coronavirus, traders said.

30 Nov 2021 4:22 pm
IPO Rush: Indian Firms Made Record IPO Volumes, More To Sell Shares In December

Various Indian companies are planning to raise more than $1 billion combined from initial public offerings in December. Companies waiting in the queue include MedPlus, Vedant etc.

30 Nov 2021 4:07 pm
Fitch Affirms ICICI Bank Rating With Negative Outlook. Should You Buy?

ICICI Banks negative outlook comes despite the agency recently revising upwards the operating environment outlook of domestic banks to stable from negative, citing better than expected recovery in business.

30 Nov 2021 4:07 pm
Elon Musk Praises Agarwal And Says, U.S. Benefits Greatly From Indian Talent

The Tesla CEO was replying to Stripe CEO Patrik Collison's tweet congratulating the incoming Twitter CEO Parag Agrawal. The incoming CEO joined Twitter over a decade back borrowing experience from his stay at Microsoft, Yahoo and AT&T in research positions.

30 Nov 2021 3:19 pm
New Bill On Cryptocurrency After Cabinet Approval: Sitharaman In Rajya Sabha

The government will soon bring in a new Bill on cryptocurrency after it is approved by the Union Cabinet, said Finance Minister Nirmala Sitharaman on Tuesday in the Rajya Sabha.

30 Nov 2021 2:59 pm
No Decision On Banning Crypto-Related Advertisements: Finance Minister Tells Upper House

Finance Minister Nirmala Sitharaman added that necessary guidelines are being studied on how to deal with crypto-related advertising. Regulators, SEBI & RBI too are working on creating awareness.

30 Nov 2021 2:21 pm
Funding Alert: Bessemer Venture Raises $220 Million, Adda247 Bags $20 Million

Bessemer plans to apply its roadmap-driven investment approach to deploy the new capital over five roadmaps across consumer internet and cloud software, including marketplaces, digital health, etc.

30 Nov 2021 1:22 pm
Anand Rathi Wealth IPO: Price Band Set At Rs 530-550 Per Share. Check Details

Anand Rathi's three-day IPO will conclude on December 6. The initial share sale is entirely an offer for sale (OFS) of 1.2 crore equity shares by promoters and existing shareholders.

30 Nov 2021 1:01 pm
What Could Be The Economic And Political Cost Of Omicron Spread In India?

Omicron scare is already visible in the industry with many customers cancelling their flights scheduled for December as state governments mull stricter travel rules to stop the variants spread.

30 Nov 2021 12:42 pm
Go Fashion Makes Dream Market Debut, Shares List At 91% Premium, Should You Buy?

Go Fashion shares listed at Rs 1,316, reflecting a steep jump of 90.72 per cent on the BSE. The stock further surged 94.34 per cent to Rs 1,341. At the NSE, it made its debut at Rs 1,310, jumping 89.85 per cent.

30 Nov 2021 12:19 pm
As IIT, Central School Boy Parag Agarwal Breaks Into Born-In-India US CEOs XI, A Listing Of Alma Maters

This list of US XI is only indicative. The bench strength of Indian-origin CEOs could go one to another eleven.

30 Nov 2021 11:24 am