Budget 2020

Stock market update: Nifty Metal index jumps 4%; Hindustan Copper surges 10%

NEW DELHI: Nifty Metal index was trading with gains at 02:25PM (IST) on Thursday. Shares of Hindustan Copper (up 9.98 per cent), Coal India (up 7.79 per cent), Welspun Corp (up 5.26 per cent), Hindalco Industries (up 4.57 per cent) and National Aluminium Company (up 3.92 per cent) were among the top gainers. The Nifty […]

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Informal sector workers yet to recover from the economic fallout of COVID-19: Study

Around 75% of those surveyed were engaged in jobs similar to what they did before the pandemic, but most with lower pay or break in employment Informal sector workers in Bengaluru, whose lives were disrupted by the pandemic and subsequent lockdown, are yet to recover their losses and their livelihood is yet to return to […]

Budget 2020

Govt. said to likely file appeal against Cairn arbitration award

Option of appeal did not figure in Pandey’s talks with U.K. firm’s CEO, say sources The Centre is likely to file an appeal against the $1.4 billion international arbitration award won by Cairn Energy in a tax dispute, even as the issue did not figure during two-days of talks the Finance Secretary held with the […]

Budget 2020

corporate bond funds | bank FD: Are corporate bond funds a potential alternative to bank FDs?

Bank fixed deposits (FDs) have traditionally been the most favoured debt investment option among Indians. But not anymore. With interest rates on FDs falling, especially over the past one year, their popularity is waning. In such times, corporate bonds can serve as an alternative to bank FDs for investors looking for low-risk investment options. Introduction […]

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PM Modi inaugurates various projects in Tamil Nadu

Prime Minister Narendra Modi on Thursday dedicated to the nation key projects in Tamil Nadu, including the 2×500 mw Neyveli new thermal power plant, and laid the foundation stone for important initiatives in the state. The Neyveli project is a lignite based power plant designed for power generation capacity of 1000 MW with two units […]

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PNB scam case: Nirav Modi loses extradition fight, UK judge rules he has case to answer in India

In a comprehensive win for the Indian authorities, a UK judge ruled on Thursday that fugitive diamond merchant Nirav Modi not only has a case to answer in the Indian courts but that there is no evidence to suggest he would not receive a fair trial in India. Nirav Modi, wanted in India on charges […]

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HC asks Centre not to take court’s view combatively on having EIA draft in all languages

The Delhi High Court on Thursday said its view that the draft Environment Impact Assessment (EIA) should be translated in all 22 languages in the Eight Schedule of the Constitution should not be taken so “combatively” by the central government. People in remote areas are “our citizens” who need to be heard and may not […]

Budget 2020

Australia shares rise as strong commodity prices lift energy, mining stocks

Australian shares closed higher on Thursday, helped by gains in energy and mining stocks as commodity prices continued to strengthen, and as data showed a higher-than-expected rise in domestic business investment. The S&P/ASX 200 index closed 0.8 per cent higher at 6,834. Energy stocks rose 1.6 per cent as oil prices soared to a 13-month […]