Category: BUSINESS

Microsoft CEO Satya Nadella on Saturday said public institutions and the private sector working together can help developing economies to recover from the pandemic and “catch-up growth”. He also emphasised on the need for a “social contract” between the government, private sector and the broad civic society that allows creation of harmony to navigate changes together. “Having grown up as a son of an Indian civil servant, I think quite a bit about public sector and also the institutional strength of our public sector institutions is so important…how do we…

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Equity benchmark Sensex rose over 250 points in early trade on Friday tracking gains in index majors Reliance Industries, HDFC and ICICI Bank amid persistent foreign fund inflows. After touching its record intra-day high of 46,212.53 in the opening session, the 30-share BSE index was trading 249.43 points or 0.54 per cent higher at 46,209.31. Similarly, the broader NSE Nifty rose 73.20 points or 0.54 per cent to 13,551.50. It hit a high of 13,553.80. ONGC was the top gainer in the Sensex pack, rallying around 6 per cent, followed…

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The rupee depreciated 11 paise to 73.68 against the US dollar in opening trade on Thursday tracking muted domestic equities and a rebound in the American currency. At the interbank forex market, the domestic unit opened at 73.68 against the US dollar, registering a fall of 11 paise over its previous close. On Wednesday, the rupee strengthened by another 3 paise to mark its seven-week high of 73.57 against the US dollar. A rebound of the US dollar, Brexit deal impasse and the Reserve Bank of India’s presence in the…

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The rupee strengthened by 11 paise to 73.49 against the US dollar in opening trade on Wednesday, supported by foreign portfolio flows and strong opening in domestic equities. Traders said weakening of the American currency in the overseas market also supported the local unit. At the interbank forex market, the domestic unit opened at 73.58 against the US dollar, then gained further ground and touched 73.49, registering a rise of 11 paise over its previous close. On Tuesday, the rupee surged by 30 paise to settle at a one-and-a-half month…

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A week of intense trade talks between Britain and the European Union ended in stalemate Friday, with negotiators stepping back while politicians decide whether major differences can be bridged to avoid a messy, economically disruptive rupture in less than a month. EU chief negotiator Michel Barnier and his British counterpart, David Frost, said they had agreed to pause negotiations while they brief the two sides’ political leaders. They said British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen will discuss the state of play on Saturday.…

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Equity benchmark Sensex jumped over 200 points in early trade on Friday tracking gains in index majors HDFC Bank, L&T and ICICI Bank ahead of the Reserve Bank of India’s monetary policy outcome. The 30-share BSE index was trading 202.71 points or 0.45 per cent higher at 44,835.36. Similarly, the broader NSE Nifty was trading 66.10 points or 0.50 per cent up at 13,200. UltraTech Cement was the top gainer in the Sensex pack, rising around 4 per cent, followed by L&T, M&M, Maruti, ONGC, Bharti Airtel, PowerGrid and ITC.…

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 Equity benchmark Sensex rallied over 300 points in early trade to hit its fresh intra-day record on Thursday tracking gains in index majors HDFC Bank, Reliance Industries and Maruti amid largely positive cues from global markets. After scaling a peak of 44,953.01, the 30-share BSE index was trading 176.87 points or 0.40 per cent higher at 44,794.91. Similarly, the broader NSE Nifty touched a peak of 13,216.60 before trading 59.05 points or 0.45 per cent up at 13,172.80. Tata Steel was the top gainer in the Sensex pack, rising around…

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Equity benchmark Sensex climbed over 120 points in opening trade on Tuesday, as better than expected GDP data strengthened market sentiment amid unabated foreign capital inflows. The 30-share BSE index was trading 126.62 points or 0.29 per cent higher at 44,276.34. Similarly, the broader NSE Nifty rose 32.45 points or 0.25 per cent to 13,001.40. UltraTech Cement was the top gainer in the Sensex pack, rising about 2.5 per cent, followed by Infosys, Sun Pharma, Bajaj Auto PowerGrid, ICICI Bank and IndusInd Bank. On the other hand, ONGC, M&M, Nestle…

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Equity benchmarks Sensex and Nifty opened on a tepid note on Friday, tracking subdued cues from global markets. The 30-share BSE index was trading 25.74 points or 0.06 per cent higher at 44,285.48. Similarly, the broader NSE Nifty slipped 17.60 points or 0.14 per cent to 13,004.60. NTPC was the top gainer in the Sensex pack, rising around 2 per cent, followed by Bajaj Auto, Maruti, Tech Mahindra, L&T, Asian Paints and Bajaj Finance. On the other hand, PowerGrid, Reliance Industries and TCS were among the laggards. In the previous…

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