Business
India Flips to Gold Discount, Silver Gains Favour in Top Hubs
Dealers offered discounts of up to $6 an ounce over official domestic prices in thin trade, versus last week's $2 premium.
Jenburkt Pharma Launches Antiviral Covid-19 Drug Favipiravir Priced at Rs 39 Per Tablet
The company hopes that the easy accessibility and affordable price of treatment will offer Indian citizens a timely, much-needed therapeutic solution..
Downside Risks for FY21 Significant as Duration of Covid Pandemic is Uncertain, Says RBI
The RBI had earlier said the country's GDP will contract in FY21, but did not give any number on the same, even as analysts are pegging a negative growth of up to 9.5 per cent.
Commerce Minister Piyush Goyal Calls for Removing Hurdles in Access to Medicines at Affordable Prices
Commerce and Industry Minister Piyush Goyal said intellectual property rights should not become a hindrance in the availability of medicines.
Govt Unlikely to Achieve FY21 Budget Targets Due to Covid-19 Crisis: DEA Secretary
The government on a regular basis is monitoring 14-15 parameters which can give early signs of where the economy is heading, he said.
Rupee Rises 11 Paise to 74.64 against US Dollar in Early Trade amid Foreign Fund Inflows
Forex traders said the uptick in the rupee was supported by weak greenback, but rising tensions between the US and China could limit the gains for the domestic unit.
Taking 5th Spot on World's Richest Charts, Mukesh Ambani Leaves Behind Warren Buffett; Only Asian to Feature on List
Ambani has left behind leading investor and Berkshire Hathaway Chief Executive Officer (CEO) Warren Buffett, who is now on the world's sixth-richest. He is the only Asian to feature among the world's top ten billionaires.
Indices Snap 5-day Winning Run as Sensex Sheds 59 Points, Nifty Settles Below 11,150
HUL was the top loser in the Sensex pack, shedding around 3 per cent, followed by Tata Steel, Infosys, Maruti, IndusInd Bank, L&T, Asian Paints and TCS.
RIL's Bull Run Continues, Hits Rs 2,000 Per Share for First Time
The surge has been largely on the back of the investments coming in from global marquee investors into Jio Platforms.
HDFC Bank MD Aditya Puri Highest Paid Banker for FY20 with Rs 18.92 Crore in Remuneration
Aditya Puri earned an additional Rs 161.56 crore by exercising stock options during the year, the bank's annual report said.
Currency in Circulation Higher in March, April Due to Rabi Harvest, Hindu New Year Festivals: RBI Paper
The paper said it is expected that CiC would be higher during the festive season (October to December) compared with the other months.
Wipro Shares Rally Nearly 17% after Q1 Earnings, M-cap Jumps Rs 21,658 Crore
On the NSE, it jumped 16.77 per cent to settle at Rs 262.75. The company's market valuation rose by Rs 21,658.17 crore to Rs 1,50,261.17 crore on the BSE.
Reliance Ready to Usher in ‘Made in India’ 5G-Era as Jio Gets Google Backing for Tech Ambitions
RIL Chairman Mukesh Ambani said the company has created a 5G mobile network solution from the ground up, which will eliminate the need for the company to depend on third-party vendors, including Chinese telecom major Huawei.
Reliance Retail Only Indian Retailer in Global Top 100, Says Mukesh Ambani, Announces Plans to Induct Partners
RIL chairman Mukesh Ambani said more than two-thirds of our nearly 12,000 stores are operating in Tier II, III and IV towns.
Reliance Industries to Host First Virtual AGM Today: Here Are Five Things to Watch Out For
The Mukesh Ambani-owned company, being the only listed entity having a market cap of more than Rs 12 lakh crore, successfully achieved the target of being net debt free that was set at the last AGM.
Indian Stocks to Lag Rivals as Covid-19 Stimulus Falls Short
Mumbai's equity indices have bounced about 43% since crashing to a four-year low in March, as the huge flows of cheap capital provided by global central banks when COVID-19 struck made heavily-discounted stocks attractive.