Petrol, diesel to get costlier in J&K from June 1
JAMMU: Government today increased the rate of tax on sale of petrol and diesel in J&K by Rs. 2 per litre and Rs 1 per litre respectively. The new rates will be effective from Ist June 2020. The tax increase on petrol and diesel in J&K follows a similar move by the neighbouring states of […]
Oil prices rise on supply cut hopes, easing of coronavirus lockdowns
Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns are eased around the world. US West Texas Intermediate (WTI) crude futures gained 3.2%, or $1.06, to $34.31 a […]
Gold down as potential Japanese stimulus boosts risk appetite
Gold declined on Monday as Japanese equities rose on news of a potential stimulus programme that boosted investors’ risk appetite, though fresh tensions over Hong Kong limited the metal’s fall. Spot gold fell 0.4% to $1,728.06 per ounce by 0252 GMT. US gold futures were down 0.4% at $1,728.50. “I think the play into stocks […]
Only Mukesh: How Dhirubhai Ambani’s son is on his way to owning India’s digital market
It used to be said, with some truth, that what was good for General Motors was good for the US of A. In India, the equivalent comment (rather less truthfully) used to be that what was good for Birla Brothers was good for the country. That is history. GM now sells more cars in China […]
Can A Rs 20-Lakh-Crore Booster Dose Put Pandemic-Hit Indian Economy On Road To Recovery?
Size matters. Or does it? It depends on which side of the fence you are on. Ask the government, and it contends that it has unleashed a cocktail-combination of highly-effective economic drugs to ensure immediate and efficient recovery. Talk to the opposition, and it claims that the grandiose policy package is a case of too […]
Tight fist and fingers crossed: Fiscal relief this year is 1.1 per cent of GDP
In response to the biggest economic crisis since 1979 (worst drought since 1947 coupled with a global oil shock) triggered by the Covid-19 pandemic and a lockdown — one of the harshest in the world — the Central government’s fiscal relief of just 1.1 per cent of GDP is unlikely to mitigate its adverse impact on the […]
After Facebook, General Atlantic to invest in Jio Platforms, picks 1.34 per cent stake
After Facebook, General Atlantic has picked up stake in Reliance Industries’ Jio Platforms, for Rs 6,598.38 crore. The Mukesh Ambani firm Sunday announced that General Atlantic’s investment will translate into a “1.34% equity stake in Jio Platforms on a fully diluted basis”. Jio Platforms is a wholly-owned subsidiary of Reliance Industries Limited that works on digital […]
Global stocks fall on renewed virus fears, Powell speech in focus
Stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets. Investors, many facing steep losses due to the pandemic-driven shakeout in assets over the past few months, have also had to contend with renewed US-China trade tensions. Leading US infectious disease expert Anthony Fauci on Tuesday warned lawmakers that a […]
Money for nothing, pumpkins for free
BULANDSHAHR/NEW DELHI : When Surendra Panwar speaks, his words are steeped in politeness. For instance, when asked whether it was his farm, Panwar’s response was, “Yes, but it belongs to you as well”. That said, on 1 May, when this reporter spoke to him at a lush green pumpkin field in Prangarh, a village in Uttar […]
Sensex slips nearly 400 points in opening deals, Nifty below 9,200 mark on Asian cues
The benchmark equity indices on the BSE and National Stock Exchange (NSE) opened over 1 per cent lower on Tuesday taking cues from their broader Asian peers which slipped on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. At 9:15 […]