Indices in green as Sensex open 177 points higher, Nifty at 14,728.20
On the Nifty 50, Reliance Industries was the top boost, adding more than 2% after the conglomerate said late on Monday it expected to get approvals for O2C business spin-off by the second quarter and announced its aim to become "net carbon zero" by 2035.
Reuters, New Delhi
UPDATED ON FEB 23, 2021 09:58 AM IST
Indian shares rose on Tuesday after five straight sessions of falls, boosted by Reliance Industries after the company said it expected to receive approvals by the second quarter of the next fiscal year to hive off its oil-to-chemicals (O2C) business.
The NSE Nifty 50 index was up 0.53% at 14,752.45 by 0354 GMT, while the S&P BSE Sensex gained 0.45% to 49,967.47.
On the Nifty 50, Reliance Industries was the top boost, adding more than 2% after the conglomerate said late on Monday it expected to get approvals for O2C business spin-off by the second quarter and announced its aim to become "net carbon zero" by 2035.
The Nifty private sector banks index, which had fallen in the last five sessions, rose as much as 0.8%, led by a 1.2% climb in ICICI Bank.
Tata Motors jumped 3% after reports that the car maker expected to fare much better than the domestic auto industry.
Asian shares inched lower as rising U.S. Treasury yields and inflation prospects dented investor mood.
EPFO cheers working class by keeping interest rates on PF unchanged at 8.5%
By Zia Haq
PUBLISHED ON MAR 04, 2021 03:39 PM IST
According to prevailing EPFO norms, at least 12% of an employee’s basic salary is compulsorily deducted to be saved in provident fund, while an employer co-contributes another 12%
The metal that worries Tesla most is getting much cheaper
Bloomberg
PUBLISHED ON MAR 04, 2021 03:38 PM IST
Elon Musk said in February that nickel was Tesla’s top concern for scaling lithium-ion cell production and was behind a shift to using iron for some EV batteries instead.
Sensex drops by 621 points, remains below the key 51,000-level
UPDATED ON MAR 04, 2021 03:47 PM IST
Sensex drops by 621 points, remains below the key 51,000-level; Nifty down by 175 points to settle at 15,068.
Apple now lets you automatically transfer images from iCloud to Google Photos
ANI, Washington
PUBLISHED ON MAR 04, 2021 03:19 PM IST
Apple said that the transfer will take between three days to a week.
EPFO keeps interest rates on provident fund deposits unchanged at 8.5%
By hindustantimes.com | Written by Kanishka Sarkar
UPDATED ON MAR 04, 2021 03:32 PM IST
According to the latest report released by the National Statistical Office (NSO), net new enrolments with retirement fund body EPFO stood over 1.25 million in December, up from 870,000 in November 2020.
Lufthansa sees delayed recovery after $8.1 billion record loss
Posted by Harshit Sabarwal | Bloomberg
PUBLISHED ON MAR 04, 2021 02:11 PM IST
Deutsche Lufthansa AG posted a record 6.7 billion-euro ($8.1 billion) annual loss and said it will take longer than previously anticipated to achieve a full recovery from the coronavirus crisis.
Gold price drops by over ₹12,000 since 2020, currently trading at ₹44,748
By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 01:34 PM IST
Gold in the previous session had closed at ₹44,948 per 10 gram and Silver had closed at ₹66,113 per kg.
Industry captains seek ease of Karnataka curbs on iron ore export and sale
By Sharan Poovanna, Hindustan Times, Bengaluru
PUBLISHED ON MAR 04, 2021 10:15 AM IST
- FIMI said the restrictions had resulted in artificial oversupply of iron ore, leaving large quantities unsold and huge stockpiles in the mines.
Sensex dives 726 points in early trade tracking global sell-offs
Posted by Prashasti Singh | PTI, Mumbai
UPDATED ON MAR 04, 2021 10:09 AM IST
The 30-share Sensex was trading at 50,718.36, showing a fall of 726.29 points or 1.41 per cent.
RBI to conduct simultaneous purchase, sale of securities for ₹15,000 crore
By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 08:59 AM IST
The decision for the purchase and sale of the securities was taken after a review of current liquidity and financial conditions.
OPEC+ silence has oil market second-guessing next supply move
Posted by Prashasti Singh | Bloomberg
PUBLISHED ON MAR 04, 2021 06:17 AM IST
Saudi Arabia and Russia, leaders of group, held bilateral talks on Wednesday, seeking common ground as Riyadh urges caution and Moscow presses to raise output, a delegate said.
Disney to shut 60 North American stores, 20% of global total
Posted by Prashasti Singh | Bloomberg
UPDATED ON MAR 04, 2021 05:48 AM IST
The company has about 300 Disney stores now, a number that has shrunk dramatically over the years as the world’s largest entertainment company experimented with different ways to get its merchandise to fans.
25 courses by Indian varsities in top 100
By Prashant K Nanda, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 02:09 AM IST
- Indian Institute of Science in Bangalore retained its ranks for Materials Science (78th) and Chemistry (93rd).
Infy, Accenture to cover jab cost for Indian staff
Reuters, Bengaluru
PUBLISHED ON MAR 04, 2021 12:21 AM IST
- India’s vaccination campaign ramped up on Monday, with people above the age of 60, and individuals 45 or older suffering from certain medical conditions, now eligible for shots.
Google looks to test interest-based user tracking
By Saumya Tewari, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 12:17 AM IST
- The company, which relies heavily on digital advertising using user data, said it will not track individual-level data such as personally identifiable information (PII) graphs based on people’s email addresses.