Sensex loses over 620 points
The BSE benchmark Sensex, which has been on a three-day losing streak, slips further by 620.30 points at 12,710.21 during the pre-close trade.
By HT Correspondent | PTI, Mumbai
UPDATED ON JUL 15, 2008 03:06 PM IST
The Bombay Stock Exchange benchmark Sensex plunged to its 15-month low level by losing over 620 points in pre-close trade on Tuesday aggressive selling which emerged in line with melting global equity markets.
The Sensex, which has been on a three-day losing streak, slipped further by 620.30 points at 12,710.21 at 1445 hrs. All index-related stocks, excluding Satyam Computers, were battered.
The wide-based National Stock Exchange index Nifty dropped 170.70 points at 3,859.00 with all 50 index linked stocks moved into red.
Selling pressured increased in pre-close trading as all global stock markets, led by Hong Kong, tumbled on mortgage sub-prime crisis in the US financial sector.
Adani Group signs concession agreements with AAI for developing 3 airports
PTI
PUBLISHED ON JAN 19, 2021 04:57 PM IST
The Centre had in February 2019 privatised six major airports of the country -- Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati. Through a competitive bidding process, the Adani group won the rights to run all of them for 50 years.
Man who ran 46 fake firms, helped businesses evade taxes worth ₹83 cr arrested
ANI, New Delhi
PUBLISHED ON JAN 19, 2021 04:23 PM IST
CGST Commissionerate said the investigation conducted so far revealed that 46 firms that were being controlled by Arvind Kumar and his associates are fictitious.
Amazon partners with Startup India, others to boost e-com exports from India
PTI, New Delhi
UPDATED ON JAN 19, 2021 04:20 PM IST
The Amazon Global Selling Propel (AGSP) programme has been designed to support early stage startups in the consumer products space to launch in international markets and create global brands from India.
Sensex closes 834 points higher at 49,398, Nifty ends at 14,521
By hindustantimes.com | PTI, Mumbai
UPDATED ON JAN 19, 2021 04:01 PM IST
The 30-share BSE index ended 834.02 points or 1.72 per cent higher at 49,398.29.
Need to increase R&D investment, leverage India's IT prowess
PTI
PUBLISHED ON JAN 19, 2021 03:38 PM IST
Vaghela said India's IT industry capability can be leveraged to build, operate and maintain software products that can serve Indian as well as global telecom industry, at a reasonable price.
NBFCs, fintech companies urge FM Sitharaman to enhance lending facilities
ANI, New Delhi
PUBLISHED ON JAN 19, 2021 03:10 PM IST
Income Tax Act section 194 provides exemptions to banks for tax deduction at source.
Bitcoin’s turbulence helps kindle rally in largest rival Ether
Bloomberg
PUBLISHED ON JAN 19, 2021 01:40 PM IST
Bitcoin’s recent wobbles have turned the cryptocurrency spotlight onto other digital coins including Ether, whose gain this year has outstripped the performance of its bigger rival.
Mindtree shares climb 6% as net profit jumps in Q3 report
PTI
PUBLISHED ON JAN 19, 2021 11:34 AM IST
The stock gained 5.96 per cent to ₹1759.70 on BSE. On NSE, it jumped 5.79 per cent to ₹1,760.
Petrol price touches record high of ₹85 in Delhi, diesel surpasses ₹75 mark
By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
PUBLISHED ON JAN 19, 2021 09:31 AM IST
In Mumbai, diesel price crossed ₹82-mark while petrol is selling for as high as ₹91.80 per litre. In Kolkata, diesel is priced at ₹Rs78.97 and petrol at ₹90.16 per litre.
Sensex jumps over 700 points to 49,274; Nifty nears 14,500
Reuters
UPDATED ON JAN 19, 2021 01:15 PM IST
The Nifty and Sensex hit record highs last week and saw investors book some profit after the record run.
Government may rationalise 120 autonomous bodies
By Anisha Dutta, New Delhi
UPDATED ON JAN 19, 2021 11:14 AM IST
In a slew of recommendations to the cabinet secretariat, a copy of which has been reviewed by Hindustan Times, the department has suggested that 83 of the 231 autonomous bodies be retained and 117 merged into just 29. It recommended that the Centre disengage from 20 entities.
Centre likely to set up DFIs to meet infra funding needs
By Rajeev Jayaswal, New Delhi
PUBLISHED ON JAN 19, 2021 06:32 AM IST
A large DFI is necessary for rapid infrastructure development, likely to be one of the key focus areas of budget 2021-22. Infrastructure development will put India on the higher growth trajectory with its cascading impact on every sector of the economy, the people added, requesting anonymity.
Suzuki takes SUV battle to Hyundai
By Malyaban Ghosh, New Delhi
UPDATED ON JAN 19, 2021 07:17 AM IST
The new SUV would be sold under both Suzuki and Toyota brand names, the people said. It is likely to come equipped with a strong gasoline hybrid powertrain to help both companies qualify for the stricter second phase of corporate average fuel efficiency norms, they added.
Stocks extend decline on weak global cues, valuation concerns
By Nasrin Sultana, Mumbai
PUBLISHED ON JAN 19, 2021 06:25 AM IST
Investors and analysts are, however, clear that the current decline is unlikely to end up as a deep correction as the factors that powered the over 80% rally since March lows are intact. The rally took the benchmark Sensex to within sniffing distance of the 50,000 mark.
Indian companies consider buying vaccines for employees
Reuters
PUBLISHED ON JAN 18, 2021 11:31 PM IST
Steel producer Jindal Steel and Power Ltd, autos-to technology conglomerate Mahindra Group and consumer goods giant ITC Ltd have begun initial checks on vaccines being available to buy after the government covers priority segments.