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Venkataraman Krishnamurthy, who is considered as the turnaround man of several Indian corporate houses like BHEL, Maruti Udyog, SAIL and Gail (India), passed away on Sunday at the age of 97. Krishnamurthy is considered as "the father of public sector undertakings in India" by many in India Inc. Born in the temple town of Tamil Nadu's Karuveli, he started his career as an airfield technician during the Second World War.
The 30-share Sensex ended down 69 points at 28,192 and the 50-share Nifty closed 20 points lower at 8,551.
There was a plan to increase the Railways' revenue by augmenting carrying capacity. This target has, however, become the source of a bitter battle between two ministries - the railways and steel - and provoked serious arguments over the "Make in India" programme.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
Lines up investments in steel, power sectors to profit from booming demand.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
Coming down heavily on aviation safety violations, DGCA on Saturday grounded a business jet owned by Reliance Industries for carrying expired safety equipment on board and suspended its pilot for flying without a licence.
According to sources, government officials have asked industry bodies and manufacturers to submit key concerns and requirements to begin manufacturing activity.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Sensex is trading firm; FMCG, real estate going strong.
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
Two projects in Iran, which India is to execute involving major financial commitments on its part, are of particular significance for Indian steel.
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
Out of the 192 mining leases of iron and manganese ores in Odisha, 94 do not have environment clearance.
Savitri Jindal has retained the tag of being the richest woman in India with a networth of $5.2 billion
According to technical analysts, the Nifty could trade in the range between 7,400 and 7,700.
Self-proclaimed heir of Rani Rashmoni, lottery baron join businessmen in the list of MP-aspirants with assets worth over Rs 100 cr, reports Abhineet Kumar.
Out of 30 Sensex shares, 19 ended lower while 11 gained
Ajit Mishra answers reader queries on the stock market.
Industry players said they were indeed seeing a serious fall in capacity usage, though some sectors were seeming to prevent further fall in the overall capacity utilisation.
The Central Bureau of Investigation on Monday filed its first charge-sheet in a Delhi court in the coal blocks allocation case against Navabharat Power Pvt Ltd for allegedly misrepresenting facts and making "fraudulent" claims to "embellish" its applications to get allotments between 2006 and 2009.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
This is the first time India is offering coalmines to private companies for commercial sale.
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JSPL and Balco had emerged as the highest bidders in the recently concluded auctions.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
Though the ruling Left Front in West Bengal recorded its worst performance in the recent Lok Sabha polls, industrialists appear to be unperturbed by the changing political wind in the state and believe industrialisation will continue.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
The bias for the Sensex is likely to remain bearish as long as the index sustains below 18,900-odd levels. On the downside, the index could slide to 17,300-odd levels
IT shares lost ground tracking a sell-off in tech stocks on Nasdaq on Friday
Many are testing hybrid models including getting small batches to work, rotating staff every week, introducing shifts and allowing certain functions to operate from office in small numbers.
'In the short term, we may see some disruptions due to Covid, but in the medium-to-long term, we should keep an eye on US inflation and 10-year bond yields.'
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
The broader markets were firm with mid-caps and small-caps gaining 1-1.4 per cent on the BSE.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
Large and small businesses alike have delivered low-key performances.
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