Arunachal Pradesh seeks Centre’s assistance in boosting new investments

The Arunachal Pradesh government has sought the Centre’s assistance as the state looks to boost its industrial sector and generate employment opportunities, officials said on Friday. Chief Minister Pema Khandu, in a letter to Prime Minister Narendra Modi on Thursday, has solicited the support of the Department of Promotion of Industry and Internal Trade (DPIIT)… Continue reading Arunachal Pradesh seeks Centre’s assistance in boosting new investments

Sensex rallies 552.90 points to settle at 41,893.06

Rising for the fifth straight session, equity benchmark Sensex rallied 553 points on Friday, tracking gains in index-heavyweights Reliance Industries and HDFC twins amid massive foreign fund inflow. The 30-share BSE index ended 552.90 points or 1.34 per cent higher at 41,893.06. Similarly, the broader NSE Nifty surged 143.25 points or 1.18 per cent to… Continue reading Sensex rallies 552.90 points to settle at 41,893.06

CFTC relief: BSE brokers to accept F&O orders from US clients

Leading stock bourse BSE on Thursday said the US regulator Commodity Futures Trading Commission (CFTC) has allowed the exchange’s brokers to accept derivatives orders from US clients. In a statement, the exchange said it has received an order from the US regulator granting an exemption relief under CFTC Regulation 30.10 to designated members of BSE.… Continue reading CFTC relief: BSE brokers to accept F&O orders from US clients

Sensex zooms 724 points, Nifty ends at 12,120: Top reasons behind this rally

Equity indices finished higher for the fourth straight session on Thursday with the benchmark BSE Sensex rising over 700 points led by gains in banking, metal and media stocks. All stocks in the 30-share BSE index finished in green with SBI, Tata Steel, IndusInd Bank, Bajaj Finance, Bajaj FinServ and HCL Tech gaining as much… Continue reading Sensex zooms 724 points, Nifty ends at 12,120: Top reasons behind this rally

Adani’s Australia coal unit back in the spotlight after name change

Adani Enterprises, which has attracted criticism in parts of Australia for developing a new thermal coal mine, has drawn attention again by changing the name of its Australian unit to Bravus Mining and Resources. The rebrand comes as the miner readies to ship out its first coal next year in the face of years of… Continue reading Adani’s Australia coal unit back in the spotlight after name change

Bourses to hold 1-hour special Diwali muhurat trading session on November 14

Leading stock exchanges BSE and NSE will conduct one-hour special muhurat trading session on the occasion of Diwali on November 14. The session trading would be held between 1815 hrs and 1915 hours, the stock exchanges said in separate circulars.  All trades executed in the Diwali Muhurat trading session would result in settlement obligations. Read… Continue reading Bourses to hold 1-hour special Diwali muhurat trading session on November 14

Emerging currencies tumble as United States vote goes down to wire

An index of emerging-market currencies fell the most since March after President Donald Trump claimed victory in the US election and said he would petition the Supreme Court to intervene, raising the stakes in a vote that was already too close to call. The benchmark MSCI gauge declined as much as 0.8%, with the Mexican… Continue reading Emerging currencies tumble as United States vote goes down to wire

Sensex ends 355 points higher; Nifty reclaims 11,900

Rising for the third straight session, the Sensex rallied 355 points on Wednesday following gains in Reliance Industries, Infosys and Kotak Bank amid a positive trend in global markets ahead of the outcome of the US presidential elections. After a volatile session, the 30-share BSE index ended 355.01 points or 0.88 per cent higher at… Continue reading Sensex ends 355 points higher; Nifty reclaims 11,900

SBI records 52%jump in profit in second quarter, retail credit growth back to pre-pandemic level

State Bank of India (SBI), the country’s largest lender by assets, said on Wednesday profit jumped 52% in the second quarter as bad loan provisions fell, with retail credit growth returning to pre-pandemic levels as economic activity picks up. SBI’s results underscore a recovery in consumer demand during India’s festive season as the bank’s retail… Continue reading SBI records 52%jump in profit in second quarter, retail credit growth back to pre-pandemic level

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Bankrupt Jet Airways is world’s best-performing airline stock

All airlines are feeling the coronavirus pinch but one that hasn’t flown since April 2019 after collapsing under a pile of debt is the world’s best performing — at least from a share price point of view. Stock in Mumbai-listed Jet Airways India Ltd. has surged almost 150% this year versus a 42% plunge in… Continue reading Bankrupt Jet Airways is world’s best-performing airline stock