Investor wealth plummeted by nearly Rs 5 lakh crore in early trade on Monday as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak. Market capitalisation (m-cap) of BSE-listed companies saw a massive decline after the 30-share index plunged 1515.01 points, or 4.03 per cent, to 36,061.61. The NSE Nifty too cracked 417.05 points, or 3.80 per cent, to 10,572.40.
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
HCL Tech was the top gainer in the Sensex pack, rising over 4 per cent, followed by HDFC Bank, Infosys, NTPC, Nestle India, TCS and HUL. NSE Nifty surged 337.80 points to 14,845.10.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
L&T was the top loser in the Sensex pack, dropping 4.99 per cent, after the engineering major posted a 45 per cent decline in consolidated net profit for the September quarter. Titan, ONGC, Axis Bank, HUL, NTPC, M&M and HDFC were the other major laggards, shedding up to 3.32 per cent. NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
'For equities, inflation trending upwards but within the range of expectations can actually be a big positive as it helps earnings and may shift flows from bonds to equities.'
Bajaj Auto was the top laggard in the Sensex pack, tumbling around 6 per cent, followed by M&M, Reliance Industries (RIL), Tata Steel, Tech Mahindra, SBI, Axis Bank and ICICI Bank. NSE Nifty tumbled 162.60 points or 1.36 per cent to 11,767.75.
The Atomic Energy Commission and its subordinate organisations have the mandate to put in place a comprehensive plan to ensure nuclear safety in the country, but that does not seem to have been done, writes Dr A Gopalakrishnan, former chairman of the Atomic Energy Regulatory Board.
'There is a vision in the Budget, and the vision is to take India from a largely agrarian, rural economy into a fast-track digitalised economy.'
Anmol Sharma has included social and cultural value fabrics in his GenNext collection.
The all-powerful GST Council on Friday decided to charge food delivery platforms such as Swiggy and Zomato a tax even as it extended concessional tax rates on certain COVID-19 drugs by three months till December 31. The Council, which comprises the Union finance minister and her state counterparts, decided to continue keeping petrol and diesel out of the GST purview as subsuming the current excise duty and VAT into one national rate would impact revenues. Briefing reporters on the decisions taken by the Council at a meeting here, Union Finance Minister Nirmala Sitharaman said GST has been exempted on muscular atrophy drugs like Zolgensma and Viltepso, which cost crores of rupees.
In the Sensex pack, Yes bank emerged as the biggest loser, falling 9.13 per cent, followed by IndusInd Bank (6.6 per cent), HeroMotoCorp (6.01 per cent), Sun Pharma (4.79 per cent) and SBI (4.70 per cent).
They are snapping up ore and coal abroad, as their availability is stuck at home.
The aircraft has to fly through five consecutive days.
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
The super-capacitor designed by material scientists at Vanderbilt University is the first made out of silicon so it can be built into a silicon chip along with the microelectronic circuitry that it powers.
National Aeronautics and Space Administration scientists have designed the concept of a spacecraft that would hitch rides on comets and asteroids by spearing them with tethers.
'Rightly or wrongly, 1962 got ascribed to Krishna Menon and him alone. That's unfair.' 'Certainly, he was one of the guilty men, but he was not the only guilty man. Mistakes were made all around.'
The Mahindra group's Igatpuri plant becomes the first in India to be declared carbon-neutral. Ashish Narsale / Rediff.com finds out how this was achieved.
Noting that the 123 Agreement between India and the US reflected deepening relationship between the two countries, top Obama Administration officials have said that it would have broader impact in the Indo-US ties.
The UN atomic watchdog sought more information from India about mishandling of radioactive material by Delhi University on Friday, as the country's nuclear regulator conducted inspections at the varsity campus.
Though India was under lockdown for only seven days of the quarter, global demand and commodity prices began falling from February as COVID-19 was spreading in other countries. 1,002 listed companies - excluding banks, non-bank lenders, insurers, brokerages, and IT firms - reported a combined pre-tax loss of around Rs 2,700 crore during Q4.
The study titled 'Indian Unsafeguarded Nuclear Program' published by the Institute of Strategic Studies Islamabad is co-authored by four nuclear scholars, including Adeela Azam, Ahmed Khan, Mohammad Ali and Sameer Khan.
The decision has been taken in view of the threat of nuclear material being stolen by the terrorist outfits operating in various parts of the country.
Saudi Aramco had right from the beginning resisted the price tag Reliance had put for the 20 per cent stake in O2C business, which comprises the company's twin refineries at Jamnagar in Gujarat, petrochemical plants and 51 per cent in fuel retailing venture.
The entire area has been cordoned off and National Disaster Management Authority has also been informed about the incident.
India is affected by a 'resource inefficiency curse'.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Researchers led by engineering professor Animesh Dutta, director of the Bio-Renewable Innovation Lab at the University of Guelph in Canada, have found a solution: pressure cooking.
The LIGO announcement -- which confirmed, among other things, that gold, platinum and other heavy metals were products of neutron star collisions -- came just before Subrahmanyan Chandrasekhar's 107th birthday.
The food companies will need to declare nutritional information such as calories (energy), saturated fat, trans-fat, added sugar and sodium per serve on the front of the pack.
The reversal of Trump's policy with regard to Iran, like the withdrawal from the Paris Agreement, may not be a matter of just turning the clock back, but one of patient negotiations, with uncertain consequences in the post-COVID-19 world, observes Ambassador T P Sreenivasan.
Airbus Concept Plane illustrates what future air transport could look like if improvements in aircraft materials, aerodynamics, cabins and engines continue apace.
Government on Tuesday said radioactive material found among scrap in Mayapuri in West Delhi, which triggered panic early this month, apparently came from abroad.
'I have always believed that life doesn't get easier or more forgiving; we only get stronger and more resilient.'
The Tata group has touched the lives of millions of Indians since the last 100 years.
'This is the beginning of a big campaign which may last a hundred years of trying to understand the human body in detail.'
The Indian State has low operational capabilities. Individuals will have concerns about material that flows through the government, on questions of purity, perfection of the cold chain, and correctness of procedures at the frontline. Even if a government programme is able to solve all these problems, it will be limited in scale-up. The passion, management capabilities, and response to local conditions, which will be found with tens of thousands of ground-level initiatives, Individuals will have concerns about material that flows through the government, on questions of purity, perfection of the cold chain, and correctness of procedures. Even if a government programme is able to solve all these problems, it will be limited in scale-up, argues Ajay Shah.
Even as Pakistan continues to urge the international community to accept its membership to the Nuclear Suppliers Group, highly placed sources in the United States who are involved with the tracking of nuclear commerce have claimed that Islamabad is still selling nuclear materials to North Korea.
Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.
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