business

Customs duty on open-cell panel for TVs may be gradually hiked to boost local manufacturing

Sources told Moneycontrol that the plan is to increase the import duty gradually to 8-10 percent in the next three years. A direct impact of this will be that television makers importing these products would increase prices of TV sets by close to 5 percent.

Zerodha's Rainmatter invests Rs 10 crore in open-source project ERPNext

With the funding, the ERPNext team intends to strengthen the open-source software program in India.

Task force set up in Maharashtra to manage vaccine distribution: CM Uddhav Thackeray

According to an official statement, Thackeray made the remarks during Prime Minister Narendra Modi's meeting via video conferencing with chief ministers of eight states which have reported higher number of COVID-19 cases.

India has to be a key partner in engaging China from position of strength: Antony Blinken

Blinken made these comments during a community outreach programme with the Indian-Americans organised by the Biden campaign on the occasion of India's Independence Day on August 15.

Sensex seen at 45,500; these 5 stocks gave positive surprise with Q2 earnings: ICICI Direct

Post Q2FY21, ICICI Direct marginally revised its FY21-22 estimates and introduce FY23 estimated numbers. Going forward, it expects Nifty earnings to grow at 17.5 percent CAGR in FY20-23.

Toyota halts operations at Indian plant again as union strike continues

Both the Toyota Kirloskar Motor (TKM) factories in the industrial hub of Bidadi, Karnataka, had declared a "lock out" on Nov. 10 after the union went on strike, saying that their demand to withdraw the suspension of a worker was not met.

Russia caught US warship in its waters, chased it off: Defence ministry

It said in a statement that the U.S ship had returned to neutral waters after being warned by a Russian destroyer, the Admiral Vinogradov.

GMR Infra share price down 3% after subsidiary told to pay Rs 1,092 crore to SEPCO

An arbitration tribunal has asked GMR Kamalanga to pay SEPCO towards project payments and prolongation costs.

Exclusive | Three BharatPe senior execs leave company, blaming work culture

BharatPe has a network of over 5 million merchants across 35 cities and processes transactions worth $7 billion every month, the company says. However, beneath this rapid growth lies festering dissatisfaction among senior executives and a work culture becoming increasingly hostile, say sources.

Tarun Gogoi gave Assam a semblance of normalcy and sense of stability

With Assam once again going to polls early next year, Tarun Gogoi had chalked out plans to draw up a ‘grand alliance’ to take on the BJP-led NDA. But he couldn’t see through that despite being active in the political arena

Former municipal commissioner of Mumbai city buys property in Nariman Point for Rs 5.3 crore

The last few months have seen a slew of high-end properties getting registered in the city following stamp duty cuts announced by the state government. The number of real estate transactions in Mumbai touched 8,000 in October compared to 5,811 in 2019.

NSE expels Karvy Stock Broking, scraps membership

In a media release on November 23, NSE announced the expulsion of Karvy Stock Broking and declared it a defaulter.

India hiring trends: LinkedIn survey suggests recovery with 30% YoY rise in September

The data indicated that competition for jobs remains the same as August 2020. However, after nearly doubling in the middle of 2020, the applications per job dropped 1.3x in August and stayed at a similar level in September.

Office absorption in Pune gains momentum; 1 million sq ft leased from July to October 2020: JLL

While absorption was sluggish in H1 2020 owing to the lockdown, the city witnessed large corporate occupiers renewing their existing office leases during July to October 2020; Leasing led by BFSI and Fintech, GICs, Indian and global technology services firms

According to Angel Commodities, gold prices are expected to trade sideways today.

Coronavirus Vaccine | From cost, efficacy, availability to storage, here’s everything you need to know about frontrunners

Pfizer-BioNTech’s vaccine has shown 95 percent efficacy while Moderna’s is 94.5 percent effective but they need some of the coldest temperatures for storage. Oxford-AstraZeneca’s vaccine is 70 percent effective and can be handled at normal refrigerated conditions, hence best suited for India.

Maruti Suzuki Subscribe launched in four more cities

The company had earlier launched its 'Maruti Suzuki Subscribe' in cities like Delhi-NCR, Bangalore, Hyderabad, and Pune.

IPO-bound Biocon Biologics in talks with Abu Dhabi fund ADQ to raise fresh capital

If the negotiations fructify— coming two weeks after the Goldman Sachs deal—it would mark the fourth successive investment in the Kiran Mazumdar Shaw-led Biocon unit in 2020.The last fundraise was struck at a valuation of $3.94 billion.

Pollution played key role in high severity of third wave of COVID-19 in Delhi: Arvind Kejriwal to PM Modi

Arvind Kejriwal told the prime minister that Delhi saw the peak of 8,600 coronavirus cases on November 10 during the third wave and since then, the number of cases as well as the positivity rate are steadily decreasing, the sources said.

Steel Strips Wheels shares up 4% on export orders

The share touched its 52-week high of Rs 784 and 52-week low of Rs 317.35 on December 26, 2019 and May 20, 2020, respectively.

Gold slips on hopes for vaccine, smooth White House transition

Spot gold fell 0.5% to $1,825.99 per ounce by 0545 GMT, having earlier slid to its lowest since July 21 at $1,820.45. It slumped as much as 2.2% on Monday.

'BFSI, IoT-enabled businesses, core infra to see growth in investment'

India is unlikely to see any significant disruptions due to a large-scale lockdown like Europe, as it can no longer afford it, says Vikas Dawra, Joint MD & CEO, Investment Banking, Yes Securities.

Nifty closes above 13,000, Sensex jumps 446 pts; 5 factors that supported the up move

Experts feel if the index decisively holds 13,000 mark in coming days, then 13,100-13,200 is very much likely.

COVID-19: One crore frontline healthcare workers identified to received vaccine in first phase

Five vaccine candidates are in advanced stages of development in India, out of which four are in Phase II/III and one is in Phase-I/II trials.

Goa govt issues Rs 156 crore demand notice to JSW Steel

In a demand notice issued on November 9, 2020, copy of which was released on Monday, the Assistant Director of Transport has asked JSW Steel to pay Rs 156.34 crore to the state within 15 days.