GST collections crossed the Rs 1 lakh crore-mark for the fifth month in a row in February, rising 7 per cent to over Rs 1.13 lakh crore, indicating economic recovery, the Finance Ministry said on Monday. The collection is, however, lower than the record Rs 119,875 crore collected in the previous month.
The trial will take place in 525 subjects at various sites, including AIIMS, Delhi, AIIMS, Patna and Meditrina Institute of Medical Sciences, Nagpur.
Nine of the top-10 most valued domestic companies together added a whopping Rs 2,22,591.01 crore in market valuation last week, with heavyweights RIL, TCS and HDFC twins gaining the most. During the last week, the BSE benchmark Sensex rallied 1,690.88 points or 3.21 per cent. The index reached its all-time high of 54,717.24 on August 5. Barring Bajaj Finance, rest nine companies -- Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Infosys, Hindustan Unilever Ltd (HUL), ICICI Bank, HDFC, State Bank of India and Kotak Mahindra Bank -- logged gains.
'Yet the market didn't do all that badly because it was cushioned by domestic inflows.'
After new-age tech companies reported better-than-expected June quarter (Q1FY23) results, analysts said it will be a long road to recovery for their respective businesses and the stock prices. Moreover, brokerages differ on whether it is the right time to own these stocks. The common thread, however, that runs across most brokerages is Zomato, where they suggest buying the stock with the one-year target price ranging between Rs 60 - 115, translating into an upside of around 9 - 109 per cent from the current levels. The company's gross order value (GOV) of food delivery jumped 10 per cent quarter-on-quarter (QoQ) and 42 per cent year-on-year (YoY) in Q1, aided largely by growth in volume, and mild growth in average order value (AOV) at 1-2 per cent. The company also broke even on an adjusted Ebitda basis during the quarter.
India's apex drug regulator has granted permission for conducting the phase II/III clinical trial of Bharat Biotech's Covaxin COVID-19 vaccine in the age group of 2 to 18 years, the Union Health Ministry said on Thursday.
Chidambaram also stressed that there were lessons to be learnt by the Congress from the Gujarat loss, saying there is no such thing as a "silent" campaign in a hard-fought election.
The bypoll was necessitated following the death of Congress veteran H Vasantha Kumar last year due to COVID-19.
The Aam Aadmi Party (AAP) and the Asaduddin Owaisi-led All India Majlis e Ittehadul Muslimeen seem to have dented the Congress's sway over the votes of minorities in Gujarat in the just concluded assembly polls, bringing down the main Opposition party's vote margin considerably in various seats across the state.
Petrol and diesel prices on Friday rallied to their highest ever levels across the country, as fuel rates were hiked again by 35 paise a litre. The price of petrol in Delhi rose to its highest-ever level of Rs 105.14 a litre and Rs 111.09 per litre in Mumbai, according to a price notification of state-owned fuel retailers. In Mumbai, diesel now comes for Rs 101.78 a litre; while in Delhi, it costs Rs 93.87.
Over the last five days, a total of 2,167 people were found positive for coronavirus in Haridwar -- the place where the month-long Kumbh is going on.
Mumbai reported 89 deaths due to coronavirus on Friday, the highest one-day toll since June 30 last year, which pushed its fatality count to 13,161, the data released by the civic body said.
'A change we have seen after the Russia-Ukraine war is the energy crisis in Europe.' 'Earlier, in Europe, people used to change their clothes after 5 washes, now they are using it till 15-20 washes.' 'They used to change their entire wardrobe after 2 months or so, but because of the economic conditions, it has changed.' 'It has affected exports as 40% of our exports is to Europe, 30% to the US and 10% to the UK.' 'The war has to end for better days to come.'
Kaif said he was expecting that Delhi Capitals would have to spend more money in order to buy Smith
Addressing a press briefing, Niti Aayog member (health) VK Paul said that though there has been an overall decline in case burden but the positivity rate is still over 10 per cent in 382 districts.
Though the Congress, AAP and other Opposition parties may have high hopes and some positive takeaways to seize on from the results, it is the BJP which has a big headstart and is firmly in the lead.
'Our positivity rate is in single digit now with nearly 44,000 tests. Perhaps, Mumbai is the only city in India with a single digit positivity rate with high testing,' Mumbai municipal commissioner Iqbal Chahal claimed
Krishnappa Gowtham was bought by Chennai Super Kings (CSK) in the mini-auction of the Indian Premier League for Rs 9.25 cr.
India logged 18,987 fresh coronavirus cases, taking the infection tally to 3,40,20,730 on Thursday, while the national Covid recovery rate increased to 98.07 per cent, according to the Union health ministry's data.
Companies spent less money buying back their shares from the public last year than at any time since 2015. They announced buybacks of up to Rs 14,341 crore, show numbers from primary market tracker Prime Database. The total amount spent was Rs 13,597 crore. Both the amounts are lower than what was offered (Rs 39,564 crore) and spent (Rs 36,517 crore) in 2020.
The death toll climbed to 4,63,852 with 197 fresh fatalities, including 127 from Kerala.
The finance ministry on Friday said advance tax collection increased by 53.50 per cent to Rs 4.60 lakh crore so far this fiscal year, indicating recovery in the economy. Direct tax collections for 2021-22, as on December 16, show that net collections are at Rs 9.45 lakh crore compared to Rs 5.88 lakh crore over the year-ago period, representing an increase of 60.8 per cent, the ministry said in a statement. "The net collection (as on December 16) in FY22 has registered a growth of 40 per cent over the corresponding period of previous year when the net collection was Rs 6,75,409.5 crore, and a growth of 40.93 per cent over the corresponding period of 2018-19 when the net collection was Rs 6,70,739.1 crore," it said.
Collectively, the pack of 12 has posted a 50 per cent rise in profits -- Rs 25,685 crore. On a quarter-on-quarter basis (that is, September over June), the rise is 68 per cent. Public sector banks have never had such a stellar performance, explains Tamal Bandyopadhyay.
Take a look at top picks of all 10 IPL teams
Silver also slipped below the Rs 41,000-mark by falling Rs 525 to Rs 40,975 per kg on reduced offtake by industrial units and coin makers
Australian superstar and World Cup-winning player Steve Smith, who was acquired by the Delhi Capitals for Rs 2.2 crore at the IPL 2021 Auction in Chennai on Thursday, expressed his excitement of playing for the Delhi franchise in this year's IPL.
Shares of Zomato on Friday zoomed nearly 53 per cent in its debut trade against its issue price of Rs 76. The stock made its debut at Rs 115, reflecting a huge gain of 51.31 per cent against the issue price on the BSE. It then hit a high of Rs 138, a jump of 81.57 per cent.
The casualty comes barely a week after multiple ceasefire violations by Pakistani troops along the LoC in north Kashmir left 11 people, including five security personnel, dead on November 13.
Mergers & acquisitions started off on a strong footing, hitting a four-year high at $30.3 billion in the first quarter of 2022, bucking the global trend where deal-making fell sharply, says a report. Deal activity grew by 5.6 per cent in value terms in January-March 2022 compared to the first quarter of 2021, making it the highest first-quarter period since 2018 when it was $31.1 billion. In volume terms, the M&A activity grew 29.6 per cent in the first quarter of 2022, making it the best-ever quarterly number, according to the M&A numbers collated by Refinitiv, an LSEG business, which is among the world's largest providers of financial markets data and infrastructure. M&As involving domestic companies stood at $23.7 billion, down 8.3 per cent on year.
The National Human Rights Commission (NHRC) has issued notices to the Union Jal Shakti Ministry, Uttar Pradesh and Bihar, after receiving complaints about several bodies found floating in the Ganga river in the two states.
The number of active cases has increased to 3,76,324 and comprise 1.15 per cent of the total infections. The national COVID-19 recovery rate has been recorded at 97.51 per cent, the health ministry said.
The India-off spinner picked 564 wickets in all formats of the game followed by England pace duo of James Anderson and Stuart Broad, who took 535 and 525 wickets respectively..
The 50-share NSE Nifty too lost 34.50 points, or 0.33 at 10,458.35 after shuttling between 10,525.50 and 10,447.15.
Nokia has expanded the range of its smartphones with the launch of two new devices - Lumia 1320 and Lumia 525.
Indian citizens in Eastern China Region may apply at the Embassy of India, Beijing for availing urgent consular services, the Consulate said in a notice issued on Tuesday.
Lesser known cricketers who could make waves at the IPL auction.
The nation has the fifth largest defence budget in the world, at $52.5 billion in 2017 ($51.1 billion in 2016), overtaking the UK whose defence budget fell from $52.5 billion in 2016 to $50.7 billion in 2017.
India saw record 4,529 fatalities due to coronavirus in a single day pushing the COVID-19 death toll to 2,83,248, while 2,67,334 fresh infections were recorded taking the total tally of cases to 2,54,96,330, according to the Union health ministry data.
Food delivery apps Zomato and Swiggy reported a nationwide outage on Wednesday. Both the platforms witnessed technical glitches and were unresponsive for almost an hour. Downdetector, a platform that collects status reports from a series of sources, recorded about 3,619 reports of outage against Zomato at 2:05 PM and about 771 reports of outage against Swiggy at around 2:21 PM. According to the sources, the outage was caused by Amazon Web Services (AWS), a cloud-services platform, which runs both platforms. Though Swiggy and Zomato are working now, some customers reported that the issue has not been solved completely and they are not able to place orders and there are payment related issues.
The greatest unknown in this risky initiative lies in the way human relationships will play out -- not just between the Agniveers, who will be competing with their fellows for permanent jobs beyond their four-year tenures -- but also between the Agniveers and existing full-time soldiers, warns Ajai Shukla.
