Author: Stocks

HSBC is moving more than 1,200 staff in Britain to permanent working from home contracts, in one of the strongest indications yet of how banks are locking in changes to employees’ work patterns as a result of the pandemic to cut costs. Around 70 percent of the bank’s 1,800 call centre staff based across England, Wales […]

Switch Mobility Automotive, is being formed to carry on the electric vehicle (EV) strategy in India, which forms part of its global entity ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; […]

About 90 percent of the 86 million doses India has administered since mid-January have come from the Serum Institute of India, with the rest accounted for by a domestic vaccine developed by Bharat Biotech, which is also struggling to boost output. Reuters April 07, 2021 / 07:19 PM IST (Image: AFP) The Serum Institute of […]

All sectoral indices ended in the green, with PSU Bank, IT, metal and auto rising 1-2 percent. BSE Midcap and Smallcap indices gained 0.8-1.3 percent. India’s benchmark indices ended nearly a percent higher after the Reserve Bank of India (RBI)  kept the key rates unchanged and reaffirmed the accommodative policy stance. At close, the Sensex was […]

“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE (quantitative easing), a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the US economy will likely boom,” Dimon wrote in his annual letter to shareholders published on the bank’s website. Reuters April […]

The expansion is based on the significant increase in demand for its solar modules, as well as the expected increase in demand due to supportive policy steps announced by the government for creating an ‘Aatmanirbhar Bharat’, it said. PTI April 07, 2021 / 03:33 PM IST Representative image Tata Power Solar on Wednesday said it […]

A Boeing 737 MAX aircraft. | Representative Image The Indian aviation market is leading the global recovery, having reached 76 percent of pre-pandemic levels, whereas the world average is at 58 percent. The data, aircraft manufacturer Boeing said in its India outlook, is based on traffic till April 5. “India domestic traffic is quickly approaching […]

RBI Governor Shaktikanta Das said the MPC voted unanimously to keep the policy rates unchanged. The “accommodative” policy stance will continue. RBI Governor Shaktikanta Das said the MPC voted unanimously to keep the policy rates unchanged. The “accommodative” policy stance will continue. This means the repo rate is maintained at 4 percent and the reverse […]

The company’s shares jumped as much as 9.2% on India’s National Stock Exchange following the news. Reuters April 07, 2021 / 12:29 PM IST COVID-19 vaccine ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var […]

The company recorded strong revenue growth of 60% for the overall Q4 due to low base of March 2020, with revenue growth of over 36% in the comparable January & February months. Titan | Subsidiary CataLane incorporated ‘StudioC Inc’ as a wholly owned subsidiary. CaratLane acquired 100 percent stake in StudioC Inc worth $ 150,000. […]

Reliance Jio has entered into an agreement with Bharti Airtel for acquiring the right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi and Mumbai circles through spectrum trading. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] […]

The steel major achieved its highest-ever quarterly crude steel production of 4.75 million tonnes with a 3 percent QoQ growth in Q4FY21. Full-year FY21 production was lower by 7 percent YoY primarily due to the disruption caused by the COVID-19 pandemic in 1HFY21, said the company in its BSE filing. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

April 07, 2021 / 08:39 AM IST RBI Monetary Policy LIVE Updates | The RBI will likely maintain its FY22 GDP growth estimate at 10.5 percent and watch the impact of the second wave on economic activity, according to Suvodeep Rakshit, senior economist at Kotak Institutional Equities. Further, given the impact of food subsidy in FY2021-22, the gross value […]

Ola said it is planning to launch its electric scooter in Indian and several international markets such as Europe, UK, Latin America, Australia, New Zealand and Southeast Asia. Ola Electric has roped in Yongsung Kim as head of Global Sales and Distribution, to manage India and international markets as the company prepares to launch to its electric scooter. […]

Companies are working hard to ensure employee safety, especially with plants operating at peak capacity to meet robust demand. Last month, passenger vehicle sales shot up 126%, preceded by 24% growth in February and 25% growth in January. There has been no impact on production as factory workers are able to travel to their units […]

The aggregate value for the right to use this spectrum is Rs 1,497 crores, inclusive of present value of associated deferred payment liability of Rs 459 crores, subject to any transaction related adjustments. Reliance Jio Mukesh Ambani-owned Reliance Jio on April 6 announced signing of definitive agreement for trading of right to use spectrum in […]

With the newest model of the Octavia, it will be the fourth update to the line-up. The firm added that they expect the car to be launched by month end in India. Skoda Octavia | The new Skoda Octavia, expected somewhere around mid-2021, is larger than the current-gen model on sale in India. The updates […]