Rupee gains 11 paise to finish at 73.04 against US dollar
At the interbank forex market, the rupee opened at 73.18 and hit an intra-day high of 72.97 and a low of 73.18.
PTI, Mumbai
PUBLISHED ON JAN 14, 2021 03:58 PM IST
The rupee gained for the third straight day and closed 11 paise higher at 73.04 (provisional) against the US dollar on Thursday, supported by sustained foreign fund inflows and weak American currency.
At the interbank forex market, the rupee opened at 73.18 and hit an intra-day high of 72.97 and a low of 73.18.
It finally finished at 73.04, higher by 11 paise over its last close.
On Wednesday, the rupee had settled at 73.15 against the American currency.
On the domestic equity market front, the BSE Sensex ended 91.84 points or 0.19 per cent higher at 49,584.16, while the broader NSE Nifty advanced 30.75 points or 0.21 per cent to 14,595.60.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.11 per cent to 90.26.
Foreign institutional investors were net buyers in the capital market as they purchased shares worth ₹1,879.06 crore on a net basis on Wednesday, according to provisional exchange data.
Brent crude futures, the global oil benchmark, fell 0.21 per cent to USD 55.94 per barrel.
Gold prices start the week at ₹48,332 per 10 gram, fall to ₹48,861
By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON JAN 23, 2021 11:19 AM IST
Gold price was up in the national capital on Monday with a recovery in international prices and rupee depreciation, according to HDFC Securities.
Fuel prices surge once more. Check what people will have to pay in major cities
By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON JAN 23, 2021 11:11 AM IST
Petrol prices in Delhi rose to ₹85.70 and diesel prices were up by 15 paise to rise to ₹75.88 per litre.
RBI proposes stricter norms for non-banks
By Gopika Gopakumar, Livemint, Mumbai
PUBLISHED ON JAN 23, 2021 07:39 AM IST
The regulator proposed to classify the shadow banks into four categories, depending on their systemic importance and potential risk to the stability of financial system stability.
Markets skid amid weak global cues
By Nasrin Sultana, Livemint, Mumbai
PUBLISHED ON JAN 23, 2021 07:37 AM IST
Stocks in the Asia-Pacific also traded lower, with Hong Kong’s Hang Seng falling 1.6%, China’s Shanghai Composite 0.4%, Japan’s Nikkei 0.44% and South Korea’s Kospi 0.64%.
CSR offences by firms now a ‘civil wrong’, not a crime
By Rajeev Jayaswal
PUBLISHED ON JAN 23, 2021 05:25 AM IST
In line with a commitment made by the finance minister, the government formally notified that non-compliance with CSR provisions would be a “civil wrong,” not a crime, and shifted such violations to a penalty regime, two officials said, requesting anonymity.
Intel tumbles after new CEO recommits to chip manufacturing
Bloomberg
PUBLISHED ON JAN 22, 2021 08:00 PM IST
- Keeping chip production in-house may be bad for Intel because its manufacturing technology has fallen behind Taiwan Semiconductor Manufacturing Co., which makes chips for many of Intel’s rivals. If the US company can’t catch up, its products will become less competitive, lose sales and market share.
Indigo Paints IPO garners robust response; subscribed 117 times on final day
PTI, New Delhi
PUBLISHED ON JAN 22, 2021 06:34 PM IST
The price band was fixed at ₹1,488-1,490 a share for the initial share-sale, which was open for public subscription during January 20-22.
India will be role model on how to vaccinate billion people at scale: Nilekani
PTI, New Delhi
PUBLISHED ON JAN 22, 2021 06:02 PM IST
Speaking at Redseer's Ground Zero 4.0 event, Nilekani spoke on how to build for scale in India that presents a massive opportunity with a booming internet penetration and rising adoption of digital services.
Govt has pledged strict foreign investment rules for e-commerce, says CAIT
Reuters, New Delhi
PUBLISHED ON JAN 22, 2021 05:34 PM IST
India's e-commerce retail market is seen growing to $200 billion a year by 2026, from $30 billion in 2019.
Iran starts ramping up oil production to pre-sanctions levels
Bloomberg, Tehran
PUBLISHED ON JAN 22, 2021 04:47 PM IST
- Iran has been subject to tough US sanctions since 2018, when the administration of then-President Donald Trump unilaterally withdrew from an international deal that restricted the Middle Eastern country’s nuclear activities. Its crude production was below 2 million barrels a day for most of 2020.
Elon Musk targets telecom for next disruption with Starlink internet
Bloomberg
PUBLISHED ON JAN 22, 2021 04:40 PM IST
SpaceX has told investors that Starlink is angling for a piece of a $1 trillion market made up of in-flight internet, maritime services, and demand in China and India.
Sensex tanks 746 points; Nifty ends below 14,375
PTI, Mumbai
PUBLISHED ON JAN 22, 2021 04:15 PM IST
Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Asian Paints, SBI, IndusInd Bank, ICICI Bank, Bajaj Finance, HDFC and Reliance.
Google parent-company shutting Loon, balloon-based alternative to cell towers
Reuters
PUBLISHED ON JAN 22, 2021 04:01 PM IST
Loon aimed to bring connectivity to areas of the world where building cell towers are too expensive or treacherous.
How traditional finance management methods by women continue to be relevant now
By HT Brand Studio
PUBLISHED ON JAN 22, 2021 02:40 PM IST
As the role of women in shaping the finances of the household continues to evolve, it is important to know that the traditional investment tactics employed by women has also catalysed the remodeling of women’s relationship with finance because those methods continue to be relevant even today.
Airbus slows production ramp-up, cites virus hit to demand
Bloomberg
PUBLISHED ON JAN 22, 2021 02:36 PM IST
Output of the A320, its best-selling model, will now rise gradually to 45 per month through the fourth quarter, Airbus said in a statement.