BUSINESS NEWS CATEGORIES 

Petrol nears Rs 95 in Mumbai as rate hiked for fifth day in a row

Petrol price in Mumbai neared record Rs 95 per litre mark on Saturday as its rate as well as diesel prices were hiked for the fifth day in a row. Petrol price was increased by 30 paise per litre and diesel by 36 paise a litre, according to a price notification of state-owned fuel retailers. This took petrol price to an all-time high of Rs 88.414 a litre in Delhi while diesel rate climbed to Rs 78.74. In Mumbai, petrol price soared to Rs 94.93 per litre and diesel price…

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BUSINESS NEWS CATEGORIES 

Petrol price crosses Rs 88-mark in Delhi, diesel breaches Rs 85 in Mumbai

Petrol and diesel prices soared to record highs on Friday after rates were hiked for the fourth day in a row. Petrol price was increased by 31 paise per litre and diesel by 35 paise a litre, according to a price notification of state-owned fuel retailers. This took petrol price to an all-time high of Rs 88.14 a litre in Delhi and to Rs 94.64 in Mumbai. Diesel rates rose to Rs 78.38 per litre in the national capital and to an all-time high of Rs 85.32 in Mumbai. In…

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BUSINESS NEWS CATEGORIES 

E-commerce grows by 36 per cent in last quarter in India: Report

The last quarter of 2020 saw e- commerce order volume growing by 36 per cent in India with Personal care, Beauty and Wellness (PCB&W) segment being the biggest beneficiary, according to a report. In October to December 2020 period, PCB&W and FMCG & Healthcare (F&H) categories’ volumes grew by 95 per cent and 46 per cent year-on-year (YOY) respectively, said the Q4- 2020 -E-commerce Trends Report’, released by Unicommerce and Kearney. Tier 2 and 3 cities accounted for a 90 per cent YOY incremental volume and value growth, it said.…

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BUSINESS NEWS CATEGORIES 

Sensex jumps over 200 pts; Nifty nears 15,200

Equity benchmark Sensex jumped over 200 points to scale fresh lifetime high in early trade on Tuesday, led by gains in index heavyweights Infosys, Reliance Industries and HCL Tech amid positive global cues and unabated foreign fund inflows. The 30-share BSE index was trading 233.30 points or 0.45 per cent higher at its record intra-day peak of 51,582.07. Similarly, the broader NSE Nifty rose 70.10 points or 0.46 per cent to its lifetime high of 15,185.90. HCL Tech was the top gainer in the Sensex pack, surging around 2 per…

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BUSINESS NEWS CATEGORIES 

Sensex rallies over 600 pts to hit record high; Nifty tops 15,100

Equity benchmark Sensex rallied over 600 points to scale fresh lifetime high in early trade on Monday tracking strong gains in index majors ICICI Bank, HDFC Bank and M&M amid a positive trend in global markets. The 30-share BSE index was trading 668.36 points or 1.32 per cent higher at its record intra-day peak of 51,399.99. Similarly, the broader NSE Nifty surged 192.55 points or 1.29 per cent to its lifetime high of 15,116.80. Mahindra and Mahindra (M&M) was the top gainer in the Sensex pack, soaring around 10 per…

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BUSINESS NEWS CATEGORIES 

Sitharaman extends cash benefit to Assam tea workers

Ahead of the assembly polls in Assam, Union Finance Minister Nirmala Sitharaman on Saturday distributed Rs 3,000 each to 7.47 lakh tea garden workers in the state, totalling Rs 224 crore. The Union finance minister was in the city to participate in the programme to offer financial assitance to tea workers under the third tranche of the Assam Chah Bagicha Dhan Puraskar Mela Scheme. Before 2014 Lok Sabha polls, Narendra Modi ji had wished to work for the upliftment of tea garden workers and accordingly several schemes were launched after…

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BUSINESS NEWS CATEGORIES 

RBI maintains status quo for fourth time in a row; keeps key rate static at 4%

The RBI on Friday decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in future if need arises to support the economy hit by the COVID-19 pandemic. The Reserve Bank’s Monetary Policy Committee (MPC) voted unanimously to leave the repo rate unchanged at 4 per cent, Governor Shaktikanta Das said while announcing the decisions taken by the panel. “It also unanimously decided to continue with the accommodative stance of monetary policy as long as necessary at least through the…

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BUSINESS NEWS CATEGORIES 

Samsung Galaxy A51 Starts Receiving Android 11-Based One UI 3.0 Update: Report

Samsung Galaxy A51 has started receiving the Android 11-based One UI 3.0 update in Russia, as per a report. The update also brings along the February 2021 Android security patch. The phone will now have Android 11 features like one-time permissions, chat bubbles, as well as One UI 3.0 features such as an improved UI design. Recently, the South Korean company rolled out the February 2021 Android security patch to a number of phones including the Samsung Galaxy A50 and the Galaxy A8 (2018) in some markets. As per a report by…

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BUSINESS NEWS & PRESS RELEASE 

Sensex rallies 458 pts to end above 50K for first time; Nifty tops 14,750

 Extending its Budget bull run for the third day, the Sensex rallied 458 points to end above the 50,000 mark for the first time ever on Wednesday, led by broad-based gains amid positive cues from global markets. After touching a record intra-day high of 50,526.39, the 30-share index ended at 50,255.75, up 458.03 points or 0.92 per cent. Similarly, the broader NSE Nifty surged 142.10 points or 0.97 per cent to its fresh closing record of 14,789.95. It touched an all-time high of 14,868.85 during the day. IndusInd Bank was…

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BUSINESS NEWS CATEGORIES 

Budget impact: Sensex soars over 750 pts; Nifty tops 14,500

The Sensex zoomed over 750 points and the Nifty crossed the key 14,500-level in the opening session on Tuesday, a day after the Union Budget which outlined a slew of measures to pull the economy out of the pandemic-induced slump. The BSE gauge Sensex was trading at 49,352.27, witnessing a strong rally of 751.66 points or 1.55 per cent in opening deals. Likewise, the NSE barometer Nifty was higher by 222.65 points or 1.56 per cent at 14,503.85 in early trade. In the Sensex pack, all shares were trading in…

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