Stock Market LIVE Updates: Sensex above 60K, Nifty at 17,900; banks, metals jump

U.S. December payroll data and minutes from the Fed’s meeting last month may throw more light this week on the potential pace of rate hikes. Minneapolis Fed President Neel Kashkari said he supports two rate increases this year to counter risks posed by inflation

05 Jan 2022, 02:46:20 PM IST

European equity markets diverge at open

Europe’s main stock markets opened mixed Wednesday after Asia and Wall Street grappled with elevated inflation and expected interest rate hikes amid easing Omicron virus fears.

In initial trade, London’s benchmark FTSE 100 index slid almost 0.3% to 7,486.73 points compared with the closing level on Tuesday.

On the upside in the eurozone, Frankfurt’s DAX index climbed 0.2% to 16,177.89 points and the Paris CAC 40 also rose 0.2% to 7,331.75.

05 Jan 2022, 02:42:26 PM IST

Nelco bags order from ONGC



05 Jan 2022, 02:26:34 PM IST

Fresh Covid wave, restrictions likely impact may dent India’s Q4 growth: research 

India’s economic growth and its recovery may take a hit in the ongoing quarter as the country witnesses a resurgence in covid-19 cases and states resort to fresh restrictions, according to a report by HDFC Bank.

The bank, in its report, said there is a downside risk to its growth forecast to the tune of 20-30 basis points. Its current forecast for the January-March quarter is 6.1%

The report said the downside risks emanate from additional states imposing restrictions, and the curbs extending beyond January 2022. Further, a slowdown in global recovery will weigh on India’s exports.

05 Jan 2022, 02:17:48 PM IST

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05 Jan 2022, 01:48:42 PM IST

Nippon India MF launches silver ETF and silver FOF

Nippon Life India Asset Management Limited (NAM India), the asset manager of Nippon India MF on Wednesday announced the launch of Nippon India Silver ETF and Nippon India Silver ETF Fund of Fund (FOF). Nippon India Silver ETF will invest in physical silver and silver related instruments and the performance of the scheme will be benchmarked against the domestic price of silver (based on LBMA silver daily spot fixing price), while Nippon India Silver ETF FOF will invest in units of Nippon India Silver ETF.

The new fund offer (NFO) for both the schemes will open on 13 January and close on 27 January.

The minimum investment amount for NFO of Nippon India Silver ETF is 1,000 and in multiples of Re 1 thereafter, for Nippon India Silver ETF FOF, it is Rs100 and in multiples of Re 1 thereafter.


05 Jan 2022, 01:33:15 PM IST

HFCL powers its Network offerings with AI, joins hands with Aprecomm



05 Jan 2022, 01:32:12 PM IST

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05 Jan 2022, 01:30:19 PM IST

Term insurance price indices rose 4.18% in Q4: report

05 Jan 2022, 01:25:37 PM IST

SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

The RBI has said that state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions which are ‘too big to fail’.

SIBs are perceived as banks that are ‘too big to fail (TBTF)’. This perception of TBTF creates an expectation of government support for these banks in times of distress. Due to this perception, these lenders enjoy certain advantages in the funding markets.

“SBI, ICICI Bank and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2020 list of D-SIBs,” the Reserve Bank said in a statement.

The additional Common Equity Tier 1 (CET1) requirement for D-SIBs was phased-in from April 1, 2016 and became fully effective from April 1, 2019.

05 Jan 2022, 01:16:10 PM IST

Future Group seeks urgent hearing in plea challenging Delhi high court 4 Jan order

The Delhi high court on Tuesday dismissed pleas moved by Future Group companies seeking a direction to the arbitration tribunal, adjudicating Amazon’s objections against Future Group’s deal with Reliance, to take a decision on their application for terminating the arbitration proceedings before moving any further.

Future Group said that it was seeking an urgent hearing before the Delhi high court since the international tribunal will commence its hearing today.

Till 7 January, the tribunal will hear expert witnesses on Amazon’s arbitration plea, which seeks to block the sale of Future Group’s assets to a unit of billionaire Mukesh Ambani’s Reliance Industries Ltd. Amazon contends that its 2019 investment agreement with Future Coupons bars Future Group from entering into a transaction with specified entities, including Reliance Industries.



05 Jan 2022, 01:07:51 PM IST

Adani wins key coal tender as india acts to avoid energy crisis: Bloomberg 

Adani Enterprises Ltd. has won a contract to supply overseas coal to India’s top electricity generator as the nation aims to avoid a repeat of last year’s energy crisis, according to people familiar with the matter.

Adani, India’s largest trader of imported thermal coal, will deliver 1 million tons to state-run NTPC Ltd., which in October issued its first tender for coal imports in more than two years, the people said, requesting anonymity as the details are still private.

Kolkata-based Damodar Valley Corp. Ltd., also state-owned, is examining a proposal from Adani for the supply of the same volume to its power plants, the people said.



05 Jan 2022, 01:02:34 PM IST

Bharat Biotech gets SEC approval for phase 3 clinical trials of COVID booster intranasal vaccine: agencies 

The Subject Experts Committee (SEC) of the Drug Controller General of India (DCGI) on Wednesday granted approval to Bharat Biotech for conducting intranasal phase 3 trials and heterologous trials for COVID-19 booster intranasal vaccine for those who have taken both the doses of Covaxin and Covishield.

The SEC has asked the Hyderabad-based vaccine manufacturer to submit its revised protocol for trials.

05 Jan 2022, 12:51:42 PM IST

Third Covid wave has hit Delhi, 10k cases expected on Wednesday, says minister Satyendar Jain: PTI 

The third wave of COVID-19 pandemic has hit Delhi and the city is expected to record 10,000 new cases on Wednesday with a positivity rate of 10%, city Health Minister Satyendar Jain said.

The minister also said only 300-400…

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