business

April 16, 2021 10:19 PM IST

Ideas For Profit | Will the auto sector continue its fast-track race amidst the second wave of COVID-19?

The demand for personal vehicles and two-wheeler segments shot through the roof post the unlocking as people tried to avoid public transport, the recovery in demand was quite exceptional. Tractor & commercial vehicles witnessed slow recovery post unlocking. But now they are catching up fast as sales start to witness growth from pre-COVID levels. Watch the video to know more

China opens its borders to billions of dollars of gold imports

With China's economy rebounding strongly since the second half of last year, demand for gold jewellery, bars and coins has recovered, driving domestic prices above global benchmark rates and making it profitable to import bullion.

DoT assigns 4G spectrum to Reliance Jio, Bharti Airtel, gets Rs 2,306 crore

For the spectrum, Reliance Jio Infocomm Ltd paid Rs 2,149.59 crore, while Bharti Airtel Ltd deposited Rs 157.38 crore, the government said in a statement.

RBI's rejection of 10-year bond bids fuels late rally

The benchmark 10-year bond yield closed at 6.08%, down 5 basis points on the day after earlier rising to 6.18%, its highest since April 7.

NSE co-location case: Sebi slaps fines totalling Rs 18 lakh on two trading members

Fines of Rs 12 lakh and Rs 6 lakh have been imposed on CPR Capital Services and PRB Securities, respectively, Sebi said in two separate but similarly-worded orders.

Municipal Corporation of Greater Mumbai (MCGM) eases curbs on movement of engineers, architects and planners

Developer bodies have welcomed the move but said that labourers too should be allowed to travel to the construction site in dedicated transportation provided to them.

US keeps 11 countries including India, China, Japan in currency practices monitoring list

As directed by Congress, Treasury has established a monitoring list of major trading partners that merit close attention to their currency practices and macroeconomic policies.

BHEL to procure goods worth Rs 3,000 crore from MSMEs annually

The company has earmarked 300 products, which are to be picked up from the small and medium enterprises, its executive director Anil Joshi said while speaking at a webinar on reigniting growth for the MSMEs.

COVID-19 | Embassy REIT plans to vaccinate 4,900 frontline staff across its business parks in India

The frontline staff across locations in Mumbai, Pune, NCR, and Bengaluru would be inoculated.

Stakeholders, policy-makers have to give special focus to SMEs, says Jitendra Singh

Singh, the Union Minister for Development of North Eastern Region (DoNER), said that in times like this, joint initiatives and joint ventures will be imperative to put back on track all that had tended to get off the track due to COVID-19 related turbulence.

Here's how a short video content creator landed a role in a movie

The growth in the short video sharing space is not only resulting in more people showcasing their talent but such platforms are also becoming launching pad for many.

UP RERA defers physical hearing option on account of COVID-19 pandemic

The virtual hearing of the cases will be continued in its present form, the authority has said.

Crude palm oil futures touch fresh lifetime high of Rs 1,173/10 kg on MCX

The agri commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on a daily chart. The Relative Strength Index (RSI) is at 62.20, which indicates bullish momentum in the prices.

Moneycontrol Masterclass: Decoding the startup funding boom in India

In the latest edition of Moneycontrol Masterclass, Zerodha CEO Nithin Kamath, Edelweiss AMC CEO Radhika Gupta, Meesho CEO Vidit Aatrey and Sequoia India Managing Director Rajan Anandan-talk about the startup funding boom, what it means, and future for startups, listed companies and more.

Moneycontrol Masterclass Episode 5: What's driving the startup funding boom In India?

Startup funding in India has been on a tear in 2021. The first hundred days of the year have already produced ten unicorns, firms valued at over a billion dollars or more, compared to 11 in all of 2020. Four consecutive days between April 5 and 8 birthed six unicorns. What's driving the surge? Catch Rajan Anandan, Managing Director, Sequoia India & Surge, Radhika Gupta, MD & CEO, Edelweiss AMC, Nithin Kamath, Founder & CEO, Zerodha and Vidit Aatrey, Founder & CEO, Meesho, discuss this subject and more in the 5th episode of Moneycontrol Masterclass.

Copper futures dip 1% to Rs 711 per kg, experts suggest 'buy on dip' strategy

MCX Copper April has given a breakout of its range-bound movement where it is moving towards its all-time high level of Rs 737 level indicating a strong uptrend in the counter.

Forex reserves surge by $4.34 billion to $581.21 billion

In the reporting week ended April 9, 2021, the increase in forex reserves was on account of a rise in foreign currency assets (FCA), a major component of the overall reserves.

The Reading List: April 16, 2021

A selection of articles and social media gems from the world of economy, business and finance

Nirav Modi a step closer to extradition to India: Key questions answered on the case

Modi is believed to have left India in January 2018 while PNB announced the scam a month later, in February. In March 2019, Modi was arrested in London.

Morgan Stanley profit surges, flags nearly $1 billion Archegos loss

Morgan Stanley was one of six banks that had exposure to Archegos Capital Management, a family office fund that defaulted on margin calls late last month and triggered a firesale of stocks across Wall Street.

Cotton futures slid 1.24% to Rs 21,510 per bale on weak global cues

The momentum indicator Relative Strength Index (RSI) is at 50.53, which indicates sideways movement in prices.

Hathway Bhawani Standalone March 2021 Net Sales at Rs 1.01 crore, down 13.68% Y-o-Y

Mindtree Standalone March 2021 Net Sales at Rs 2,109.30 crore, up 2.87% Y-o-Y

GTPL Hathway Standalone March 2021 Net Sales at Rs 548.76 crore, up 11.43% Y-o-Y

Mindtree Consolidated March 2021 Net Sales at Rs 2,109.30 crore, up 2.87% Y-o-Y