HT Image
HT Image

Sensex extends gains to 4% on day

The 30-share BSE index was up 4.05 per cent, or 686 points, at 17,635.09, with all but one of its components gaining.
By HT Correspondent | Reuters, Bangalore
UPDATED ON FEB 14, 2008 01:10 PM IST

India's main stock market index rose more than 4 per cent on Thursday, led by index heavyweight Reliance Industries and bolstered by a rally in the global markets after fears of a US recession eased.

By 12:01 pm, the 30-share BSE index was up 4.05 per cent, or 686 points, at 17,635.09, with all but one of its components gaining.

The broader 50-issue NSE index was up 4.13 per cent at 5,133.05.

SHARE THIS ARTICLE ON
Close
FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo(REUTERS)
FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo(REUTERS)

Microsoft’s $10 billion Pentagon deal at risk amid Amazon fight

Posted by Harshit Sabarwal | Bloomberg
PUBLISHED ON MAR 05, 2021 03:59 PM IST
The US Defense Department said it will reconsider the controversial procurement if a federal judge declines to dismiss Amazon.com Inc.’s allegations that former President Donald Trump’s meddling cost the company the winner-take-all contract.
Close
Sensex falls 440 pts to end at 50,405; Nifty ends session in red at 14,938 points
Sensex falls 440 pts to end at 50,405; Nifty ends session in red at 14,938 points

Sensex falls 440 pts to end at 50,405; Nifty ends session in red at 14,938 pts

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON MAR 05, 2021 03:50 PM IST
  • Sensex falls 440 pts to end at 50,405; Nifty ends session in red at 14,938 points
Close
Netflix is closely tracking Amazon's "Tandav" cases, one entertainment industry source said. REUTERS/Danish Siddiqui/Illustration(REUTERS)
Netflix is closely tracking Amazon's "Tandav" cases, one entertainment industry source said. REUTERS/Danish Siddiqui/Illustration(REUTERS)

Amazon's 'Tandav' row puts Bollywood, global streaming giants on edge

Reuters, Mumbai
PUBLISHED ON MAR 05, 2021 02:51 PM IST
  • Companies like Amazon's Prime Video and Netflix are inspecting planned shows and scripts, with some even deleting scenes that could be controversial, five Bollywood directors and producers, and two industry sources said.
Close
A worker prepares to fuel liquefied natural gas (LNG) for a LNG truck at a gas station in Yutian county, China's Hebei province.(Reuters File Photo/Representative Image)
A worker prepares to fuel liquefied natural gas (LNG) for a LNG truck at a gas station in Yutian county, China's Hebei province.(Reuters File Photo/Representative Image)

Asian LNG prices edge higher on Indian, Chinese demand

Reuters
PUBLISHED ON MAR 05, 2021 02:44 PM IST
The average LNG price for April delivery into Northeast Asia was estimated at about $5.70 per million British thermal units (mmBtu), up about 10 cents from the previous week, sources said.
Close
Meanwhile US crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, data from industry group the American Petroleum Institute showed late on Tuesday.(Reuters file photo)
Meanwhile US crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, data from industry group the American Petroleum Institute showed late on Tuesday.(Reuters file photo)

Oil soars to near 14-month high as OPEC+ extends output cuts into April

Reuters
PUBLISHED ON MAR 05, 2021 02:22 PM IST
Brent crude futures for May rose to as high as $68 a barrel on Friday, a level not seen since Jan. 8, 2020. The contract was up $1.09, or 1.6%, to $67.83 a barrel at 0730 GMT, and was on track for a near 3% gain in the week.
Close
A Chandigarh lawyer suspected to be receiving substantial amounts in cash from his clients to settle their disputes has been raided by the Income Tax Department.(Getty Images/iStockphoto)
A Chandigarh lawyer suspected to be receiving substantial amounts in cash from his clients to settle their disputes has been raided by the Income Tax Department.(Getty Images/iStockphoto)

I-T Dept detects unaccounted income of 175 crore during Tamil Nadu raids

By Divya Chandrababu, Hindustan Times, Chennai
UPDATED ON MAR 05, 2021 11:31 AM IST
  • Income tax officials have also seized 3 crore cash during raids on two groups of civil contractors in Tamil Nadu
Close
People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI)
People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI)

Sensex slumps over 440 points, Nifty slips below 15,000 in early trade

By hindustantimes.com, Mumbai
UPDATED ON MAR 05, 2021 09:54 AM IST
The BSE gauge Sensex was trading at 50,405.99, showing a drop of 440.09 points or 0.87 per cent in the opening session.
Close
Customers are paying more in taxes than the base price for petrol and diesel according to the latest price data for petrol and diesel.(Amal KS/ Hindustan Times)
Customers are paying more in taxes than the base price for petrol and diesel according to the latest price data for petrol and diesel.(Amal KS/ Hindustan Times)

Case to get petrol, diesel under the ambit of GST

By Roshan Kishore, Hindustan Times, New Delhi
UPDATED ON MAR 05, 2021 07:35 AM IST
  • At a time when petrol and diesel prices are at an all-time high, and taxes have a bigger component in the retail price than the base price of the fuels, it is worth revisiting the debate
Close
To be sure, Sapre is also a member of the Mutual Funds Advisory Committee (MFAC) of Sebi.(Bloomberg News)
To be sure, Sapre is also a member of the Mutual Funds Advisory Committee (MFAC) of Sebi.(Bloomberg News)

FT should be probed by Sebi and not ED or cops, says Amfi

By Neil Borate, Hindustan Times, Mumbai
PUBLISHED ON MAR 05, 2021 12:55 AM IST
  • The ECIR is reportedly based on an FIR filed by the Chennai police under Section 420 of the IPC on the basis of a complaint by the Chennai Financial Markets and Accountability (CFMA), an organisation that fights for investors’ rights.
Close
Representational image of wearable technology.(Unsplash)
Representational image of wearable technology.(Unsplash)

Wearables market grew 144% in ’20 on remote working shift

By Abhijit Ahaskar, Hindustan Times, New Delhi
UPDATED ON MAR 05, 2021 06:42 AM IST
  • Shipments in the December quarter grew at a higher rate of 198% annually with 15.2 million units.
Close
In February, Reliance Retail said it is building its own supply chain by converting its Reliance Market stores into fulfilment centres, to further the reach of its new commerce venture, JioMart, and expedite deliveries..(Bloomberg)
In February, Reliance Retail said it is building its own supply chain by converting its Reliance Market stores into fulfilment centres, to further the reach of its new commerce venture, JioMart, and expedite deliveries..(Bloomberg)

E-com boom sets off a scramble for warehouses

By Kalpana Pathak, Tanya Thomas, Hindustan Times, Mumbai
UPDATED ON MAR 05, 2021 02:34 PM IST
  • The companies are also opting for large boxes for storage, with around 400,000-plus sq. ft being the average demand.
Close
Capco’s clients include top companies in the financial services and energy and commodities trading sectors.
Capco’s clients include top companies in the financial services and energy and commodities trading sectors.

Wipro to acquire UK consultancy Capco for $1.45 billion

By Ayushman Baruah
PUBLISHED ON MAR 05, 2021 12:05 AM IST
  • The latest acquisition is Delaporte’s boldest move to spur growth after the company ceded its position as India’s third-largest software services provider to HCL Technologies Ltd.
Close
Deliberations are at an early stage and Flipkart could still explore other options, the people said.(REUTERS)
Deliberations are at an early stage and Flipkart could still explore other options, the people said.(REUTERS)

Flipkart mulls US listing through the SPAC route

Bloomberg
PUBLISHED ON MAR 05, 2021 12:02 AM IST
  • The Bengaluru-based online retailer has been weighing a US initial public offering and it’s now also looking at other options, the people said.
Close
Two of the people said OMCs have already built a cushion of <span class='webrupee'>₹</span>2-3 per litre even as international oil prices have fallen after reaching a 13-month peak on February 24.
Two of the people said OMCs have already built a cushion of 2-3 per litre even as international oil prices have fallen after reaching a 13-month peak on February 24.

Fuel retailers may cut rates in run-up to polls

By Rajeev Jayaswal
UPDATED ON MAR 05, 2021 06:40 AM IST
  • While the base price of petrol is 33.26 per litre, it attracts 32.90 a litre central excise and 21.04 per litre local levies in Delhi.
Close
People stand outside the headquarters of the Organization of the Petroleum Exporting Countries, OPEC, in Vienna. (AP File Photo )
People stand outside the headquarters of the Organization of the Petroleum Exporting Countries, OPEC, in Vienna. (AP File Photo )

OPEC+ to extend most oil cuts into April, Saudi to keep voluntary cut

Reuters, Dubai, Moscow
PUBLISHED ON MAR 04, 2021 11:27 PM IST
The news pushed oil prices back towards their highest levels in more than a year with Brent trading up 5% above $67 a barrel as the market had expected OPEC+ to release more barrels.
Close
SHARE
Story Saved
OPEN APP