The single-day rise in coronavirus infections fell below 10,000 after two months, with 8,013 cases taking India’s total tally to 4,29,24,130, while active cases have declined to 1,02,601, according to Union health ministry data updated on Monday. On December 28 last year, 9,195 people were infected in a day. The death toll has climbed to 5,13,843 with […]
Telecom operator Bharti Airtel Ltd said on Friday it agreed to buy Vodafone Group Plc’s 4.7% stake in India’s largest cell tower firm Indus Towers Ltd. Britain’s Vodafone said earlier this week it was looking to sell its entire 28.1% stake in Indus Towers. Airtel said it has agreed with Vodafone to buy 4.7% equity interest in Indus Towers on the principal […]
Ten grams of 24-carat gold is selling at Rs 50,180 on Thursday, down Rs 280 since the last trade as demand dips for the safe-haven bullion. Gold of 22 carats is selling at Rs 46,000, down Rs 250 from Wednesday according to the Goodreturns website. One kg of silver is selling at Rs 64,300, down Rs 100 from […]
Many investors feel that Intraday trading needs a lot of action. However, the truth is that only 10% of the action is needed. The remaining is just sitting and watching. Day trading can be profitable if an investor has the patience to go through the price fluctuations without getting carried away. But, for beginners, it […]
The rupee spurted by 22 paise to 74.44 in early trade on Monday on softer crude oil prices and revived hopes of a diplomatic solution to the Russia-Ukraine crisis. The local currency opened on a strong note at 74.51 to a dollar at the interbank foreign exchange market against the previous close of 74.66 on Friday. The […]
Jet fuel prices on Wednesday soared to record high levels across the country after rates were increased by 5.2 per cent in line with a rise in international oil prices. This is the fourth hike in jet fuel or Aviation Turbine Fuel (ATF) prices in less than two months following a spike in global oil prices but petrol […]
The benchmark indices rebounded on Tuesday, recouping all of previous day’s losses, on reports of de-escalation of tensions between Russia and Ukraine. The news came as much-needed relief to equity markets which were rattled after a massive mobilisation of the Russian army around Ukrainian borders led to fears of an invasion and a standoff between the US and Russia. The […]
Days after the Union Budget proposed taxing cryptocurrencies, which gave rise to apprehensions of legitimising them, an Reserve Bank of India (RBI) official has asked for a complete ban on such virtual currencies citing threat to macroeconomic stability. In a speech to bankers on Monday, RBI deputy governor T Rabi Sankar demolished all the arguments for allowing cryptocurrencies in India as […]
India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known as the Agriculture Infrastructure and Development […]
The price of 10 gram of 24-carat gold remained unchanged on Saturday to trade at Rs 49,970, keeping with international trend for the precious metal. Gold of 22 carat is selling at Rs 45,800. One kg of silver is selling at Rs 62,600, down Rs 100. In Delhi and Mumbai, 24-carat gold is selling at […]