The Northern Herald

  • Sensex drops over 200 pts in early trade; Nifty below 14,550

    Jan 15, 2021

    Mumbai, Jan 15: Equity benchmark Sensex dropped over 200 points in early trade on Friday tracking losses in index majors Infosys, HDFC Bank and TCS amid weak cues from global markets. The 30-share BSE index was trading 246.16 points or 0.50 per cent lower at 49,338. Similarly, the broader NSE Nifty fell 67.65 points or 0.46 per cent to 14,527.95 in opening deals.

  • Rupee slips 3 paise to 73.07 against US dollar in early trade

    Jan 15, 2021

    Mumbai, Jan 15: The rupee opened on a flat note and depreciated 3 paise to 73.07 against the US dollar in opening trade on Friday tracking the muted opening in domestic equities. At the interbank forex market, the domestic unit opened at 73.07 against the US dollar, registering a fall of 3 paise over its previous close. On Thursday, the rupee had settled at 73.04 against the American currency. "The rupee is sustaining below 73.

  • Rupee rallies 21 paise to 73.55 per US dollar

    Dec 24, 2020

    Mumbai, Dec 24: Climbing for the second straight session, the rupee darted up 21 paise to end at 73.55 against the US dollar on Thursday amid sustained foreign fund inflows and positive domestic equities. A weak greenback overseas and expectations of the UK and EU reaching a Brexit deal very soon also enthused participants, traders said. At the interbank forex market, the rupee opened at 73.

  • Sensex rallies 495 pts to cross 46k mark for first time; Nifty tops 13,500

    Dec 09, 2020

    Mumbai, Dec 9: Equity benchmark Sensex soared 495 points to cross the 46,000-level for the first time on Wednesday amid persistent foreign fund inflows and positive cues from global markets. After touching a record intra-day high of 46,164.10, the 30-share BSE index ended 494.99 points or 1.09 per cent higher at 46,103.50 . Similarly, the broader NSE Nifty rallied 136.15 points or 1.02 per cent to its new record high of 13,529.10.

  • Rupee settles 13 paise lower at 73.81 against US dollar

    Dec 02, 2020

    Mumbai, Dec 2: The rupee pared its initial gains and settled for the day 13 paise lower at 73.81 (provisional) against the US dollar on Wednesday, tracking muted domestic equities. At the interbank forex market, the domestic unit witnessed a highly volatile trading session. It opened at 73.45, pared the gains and finally closed at 73.81 against the greenback, registering a decline of 13 paise over its previous close of 73.68.

  • Sensex dips 37 points on profit-booking; Nifty edges higher

    Dec 02, 2020

    Mumbai, Dec 2: The BSE Sensex retreated from record highs to close 37 points lower on Wednesday due to profit booking in banking and infrastructure stocks by cautious investors after the recent rally. The 30-share barometer closed lower by 37.40 points or 0.08 per cent at 44,618.04. The broader NSE Nifty edged higher by 4.70 points or 0.04 per cent to end at its fresh record high of 13,113.75.

  • Indian economy to see positive growth in fourth quarter of current fiscal: Niti Aayog VC

    Dec 02, 2020

    New Delhi: The Indian economy is coming out of the pandemic-induced degrowth and GDP growth will enter the positive territory in the fourth quarter of this fiscal, Niti Aayog Vice Chairman Rajiv Kumar said. In an interview to PTI, Kumar also said the Centre's new agriculture reform laws are aimed at increasing the income of farmers and the present agitation was a result of misunderstanding and miscommunication which need to be removed.

  • Rupee snaps 5-day winning run, falls 17 paise to 74.05 vs USD

    Nov 27, 2020

    Mumbai, Nov 27: The rupee snapped its five-day winning streak to finish 17 paise lower at 74.05 against the US dollar on Friday, weighed by subdued sentiment due to weak domestic equities. Traders said market participants were also a little cautious ahead of the release of the September quarter GDP numbers. At the interbank forex market, the domestic unit opened at 73.80 against the greenback and witnessed an intra-day high of 73.

  • Rupee rises 24 paise to 74.38 against US dollar in early trade

    Nov 17, 2020

    Mumbai, Nov 17: The rupee appreciated by 24 paise to 74.38 against the US dollar in opening trade on Tuesday, tracking positive domestic equities amid improved risk appetite. Forex dealers said a weak dollar overseas supported the local unit. At the interbank forex market, the domestic unit opened strong at 74.43 against the US dollar, then gained further ground to touch 74.38, registering a rise of 24 paise over its last close.

  • Asian shares climb after S&P 500 record, despite virus woes

    Nov 16, 2020

    Tokyo: Shares started out the week on a strong footing after the Standard & Poors 500 hit a fresh high on Friday, with strong robust from Japan and China fuelling optimism over economic recoveries even as coronavirus caseloads surpass earlier records. Stock benchmarks rose Monday in Hong Kong, Tokyo and most other regional markets.

  • Gold rises Rs 241, silver gains Rs 161 on festival buying

    Nov 13, 2020

    New Delhi, Nov 13: Gold prices on Friday rose Rs 241 to Rs 50,425 per 10 gram on festival buying on account of the auspicious occasion of Dhanteras and Diwali, according to HDFC Securities. The precious metal had closed at Rs 50,184 per 10 gram in the previous trade. Silver also gained Rs 161 to Rs 62,542 per kg, compared with Rs 62,381 per kg on Thursday, according to HDFC Securities.

  • Indian economy witnessing strong recovery: Sitharaman

    Nov 12, 2020

    New Delhi, Nov 12: Finance Minister Nirmala Sitharaman on Thursday said the Indian economy is witnessing a strong recovery after a long and strict lockdown. Addressing a press conference to announce more stimulus measures to boost growth, she said macro-economic indicators are pointing towards recovery. COVID-19 active cases have declined from over 10 lakh to 4.89 lakh with case fatality rate (CFR) at 1.47 per cent, she said.

  • Rupee soars 47 paise to 74.29 against US dollar in early trade

    Nov 05, 2020

    Mumbai, Nov 5: The rupee appreciated 47 paise to 74.29 against the US dollar in opening trade on Thursday, as investor sentiments strengthened amid expectation of Joe Biden's victory in the US Presidential elections. Traders said positive domestic equities and weak American currency also supported the local unit. At the interbank forex market, the domestic unit opened at 74.

  • GST collections cross Rs 1 lakh cr in Oct for first time in 8 months

    Nov 01, 2020

    New Delhi, Nov 1: GST collections in October stood at over Rs 1.05 lakh crore, crossing for the first time Rs 1 lakh crore mark since February this year, the finance ministry said on Sunday. The total number of GSTR-3B returns filed till October 31, 2020, is 80 lakh.

  • Gold jumps Rs 268; silver gains Rs 1,623

    Oct 30, 2020

    New Delhi, Oct 30: Gold in the national capital rose Rs 268 to Rs 50,812 per 10 grams on Friday following recovery in international prices of precious metal, according to HDFC Securities. The metal had closed at Rs 50,544 per 10 gram in the previous trade. Silver also witnessed increased buying as it gained Rs 1,623 to Rs 60,700 per kg from Rs 59,077 per kg in the previous trade.

  • Rupee drops by 16 paise to over 1-month low on strong dollar demand

    Oct 28, 2020

    Mumbai: The rupee depreciated by 16 paise to settle at more than one-month low of 73.87 against the US currency due to month-end dollar demand from importers and the greenback's gains against major currencies. Losses in domestic stock markets and uncertainty ahead of expected fresh stimulus measures also weighed on the investor sentiment. At the interbank forex market, the rupee opened on a positive note at 73.

  • India will drive global energy demand: PM Modi

    Oct 26, 2020

    New Delhi; India will drive the global energy demand, Prime Minister Narendra Modi said as he showcased his government's recent reforms in the sector to global investors. Speaking at the India Energy Forum by CERAWeek, Modi said the coronavirus pandemic had resulted in global energy demand falling by one-third, investment decisions being impacted and predictions of a contraction in demand over the next few years.

  • Sensex plunges 540 pts; Reliance Industries tanks 4 pc

    Oct 26, 2020

    Mumbai, Oct 26: Equity benchmark Sensex plunged 540 points on Monday, tracking heavy losses in index majors Reliance Industries, HDFC Bank and ICICI Bank amid negative cues from global markets. After tanking 737 points during the day, the 30-share BSE index recovered some lost ground to end 540 points or 1.33 per cent lower at 40,145.50. The broader NSE Nifty tumbled 162.60 points or 1.36 per cent to 11,767.75.

  • Gold falls Rs 59; silver tumbles Rs 753

    Oct 26, 2020

    New Delhi, Oct 26: Gold prices fell Rs 59 to Rs 51,034 per 10 grams in the national capital on Monday, according to HDFC Securities. The precious metal had in the previous session closed at Rs 51,093 per 10 gram. Silver also tanked Rs 753 to Rs 62,008 per kilogram from Rs 62,761 per kilogram in the previous trade.

  • Govt extends due date for FY20 ITR filing by individuals till Dec 31

    Oct 24, 2020

    New Delhi, Oct 24: In a relief to taxpayers, the government on Saturday further extended the deadline for filing returns by individual taxpayers for FY 2019-20 by a month till December 31. Also, the due date of furnishing Income Tax Returns (ITRs) for taxpayers whose accounts require to be audited has been extended till January 31, 2021.

  • Rate cut will depend upon moderation in inflation: RBI Governor Das

    Oct 23, 2020

    Mumbai, Oct 23: Reserve Bank Governor Shaktikanta Das has said that there is room for rate cut but monetary policy action would depend upon the evolving situation on the inflation front which is currently above the tolerance level of the central bank. I recognise that there exists space for future rate cuts if the inflation evolves in line with our expectations.

  • Rupee slips 11 paise to 73.65 against US dollar in early trade

    Oct 23, 2020

    Mumbai, Oct 23: The rupee slipped 11 paise to 73.65 against the US dollar in opening trade on Friday, tracking stronger American currency overseas. At the interbank forex market, the domestic unit opened weak at 73.62 and dropped further to 73.65 against US dollar in early deals, showing a fall of 11 paise over its previous close. On Thursday, the rupee closed 4 paise up at 73.54 against the US currency.

  • Gold rises Rs 512, silver jumps Rs 1,448

    Oct 21, 2020

    New Delhi, Oct 21: Gold prices rose by Rs 512 to Rs 51,415 per 10 gram in the national capital on Wednesday, following a positive global trend and rupee depreciation, according to HDFC Securities. The precious metal had closed at Rs 50,903 per 10 gram in the previous trade. Silver prices also jumped Rs 1,448 to Rs 64,015 per kilogram from Rs 62,567 per kilogram in the previous trade.

  • Sensex rallies 449 pts: Nifty tops 11,850

    Oct 19, 2020

    Mumbai, Oct 19: Equity benchmark Sensex rallied 449 points on Monday, led by heavy buying in banking and financial counters amid largely positive cues from global markets. The 30-share BSE index ended 448.62 points or 1.12 per cent higher at 40,431.60. The broader NSE Nifty surged 110.60 points or 0.94 per cent to 11,873.05.

  • Japan, Vietnam agree to boost defence ties, resume flights

    Oct 19, 2020

    Hanoi: Japanese Prime Minister Yoshihide Suga, in his first overseas summit since taking office last month, agreed with his Vietnamese counterpart to step up defence and security cooperation in the face of China's expanding influence in the region. In talks in Hanoi on Monday, Suga and Vietnamese Prime Minister Nguyen Xuan Phuc set a basic agreement allowing Japan to export defence equipment and technology to Vietnam.

  • First commercial passenger flight from UAE lands in Israel

    Oct 19, 2020

    Tel Aviv, Oct 19: The first commercial passenger flight to Israel by a carrier from the United Arab Emirates landed near Tel Aviv on Monday, further cementing a normalisation deal between the two countries. Etihad Airways Flight No. 9607 landed at Israel's Ben-Gurion international airport just after 7 am.

  • Fortofino launches Forevermark at their new store in Jammu

    Oct 19, 2020

    Jammu, 19 October 2020: After the success of Forevermark at Fortofino's store in Aquaf market, the trusted jewellery brand have once again partnered with Forevermark, the diamond brand from the De Beers Group to launch the brand at their jewellery store at Talab Tillo in the beautiful city of Jammu.

  • Sunday market in Srinagar reopens after remaining closed for eight months

    Oct 19, 2020

    Srinagar, Oct 19: The weekly flea market in the heart of the city, popularly known as 'Sunday Market', re-opened for business on Sunday after remaining closed for over eight months in view of the coronavirus-induced lockdown, officials said. The flea market reopened on Sunday for shoppers as vendors put up stalls on the TRC Chowk-Batamaloo axis through the Lal Chowk city centre here, they said.

  • Rupee slips 7 paise to 73.42 against US dollar in early trade

    Oct 19, 2020

    Mumbai, Oct 19: The rupee opened on a flat note and depreciated 7 paise to 73.42 against the US dollar in opening trade on Monday on fresh demand for the US currency from crude and gold importers. However, capital inflows and strong domestic equities limited the local currency's fall to some extent. The local unit opened at 73.38 against the US dollar at the interbank forex market, then lost ground and touched 73.

  • Changes being made in all sectors for country's growth: PM Modi

    Oct 19, 2020

    Mysuru, Oct 19: Prime Minister Narendra Modi on Monday said necessary changes are being made in every sector to ensure growth and to make this decade India's. "In the last 6-7 months you might have seen the speed and the ambit of reforms are increasing. Whether it is agriculture, space, defence, aviation or labour. In every sector necessary changes are being made for growth," Modi said.

  • Rupee clocks 1st gain in three days, up 4 paise against USD

    Oct 14, 2020

    Mumbai, Oct 14: The rupee managed to pare intra-day losses to settle higher by a marginal 4 paise at 73.31 against the US dollar on Wednesday, tracking upbeat Asian peers and late buying in domestic equities. At the interbank forex market, the rupee traded in a narrow range. It opened at 73.39 against the US dollar and hit an intra-day high of 73.28 and a low of 73.47. The Indian currency finally settled for the day at 73.

  • Cycle sales in India jump over two-folds in last 5 mths amid pandemic

    Oct 14, 2020

    Jaipur, Oct 14: Bicycle sales in India have grown by over two-folds in the last five months as people are opting for this cheapest mode of transport to cover short to medium distance in view of health safety concerns amid the COVID-19 pandemic, industry players said. People in many cities have to wait to buy a bicycle of their choice due to a massive surge in demand, according to manufacturers.

  • Rupee slips 13 paise to 73.41 against US dollar in early trade

    Oct 13, 2020

    Mumbai, Oct 13: The rupee depreciated 13 paise to 73.41 against the US dollar in opening trade on Tuesday tracking strengthening American currency The Indian currency opened at 73.41 against the US dollar at the interbank forex market, down 13 paise over its previous close On Monday, rupee settled at 73.

  • SAIL exploring new markets to source coking coal: Chairman

    Oct 04, 2020

    By Abhishek Sonkar New Delhi, October 04: State-run steel maker SAIL is exploring new markets for the sourcing of coking coal with a view to reducing dependence on select countries for the raw material, its chairman Anil Kumar Chaudhary said. According to official data, the country imports about 56 million tonne (MT) of coking coal worth around Rs 72,000 crore.

  • Market cap of 8 of 10 most valued firms zooms Rs 1.45 lakh cr; TCS biggest gainer

    Oct 04, 2020

    New Delhi, October 04: Eight of the 10 most valued companies added Rs 1,45,194.57 crore in their total market valuation last week with Tata Consultancy Services and HDFC Bank emerging as leading gainers. During the holiday-truncated week, the Sensex advanced 1,308.39 points or 3.49 per cent. The market valuation of Tata Consultancy Services (TCS) zoomed Rs 37,692.7 crore to Rs 9,46,632.

  • Qatar Airways says losses reach USD 1.9B amid pandemic, boycott

    Sep 27, 2020

    Dubai, September 27: Long-haul carrier Qatar Airways on Sunday reported revenue losses of USD 1.9 billion for the past year, blaming the coronavirus pandemic, its liquidation of shares in Air Italy and the ongoing boycott of Doha by four Arab nations for the drop.

  • RBI policy review, global trends to dictate stocks this week: Analysts

    Sep 27, 2020

    New Delhi, September 27: Stock markets are expected to consolidate in near-term due to economic uncertainty and a host of factors such as RBI monetary policy, car sales and macroeconomic data and global cues would dictate the direction in this holiday-shortened week, analysts said. They said that despite a relief rally on Friday markets are likely to remain volatile amid resurging coronavirus cases in Europe.

  • Surekha Sikri recovering well, says her agent

    Sep 26, 2020

    Mumbai, September 26: Veteran Bollywood and television star Surekha Sikri, who was hospitalised after she suffered a brain stroke earlier this month, is recovering well at her residence in suburban Mumbai, her agent Vivek Sidhwani said on Saturday. He said the 75-year-old actor got discharged from a city hospital earlier this week. She was taken to the hospital on September 8. "She is recovering well.

  • Sensex climbs nearly 400 points in early trade; Nifty above 10,900

    Sep 25, 2020

    Mumbai, September 25: Equity benchmark Sensex opened on a strong note and surged nearly 400 points in early trade on Friday as investor sentiments improved amid positive leads from Asian markets and overnight gains on the Wall Street. The 30-share index was trading 395.08 points or 1.08 per cent higher at 36,948.68, and the NSE Nifty climbed 121.50 points or 1.12 per cent to 10,927.05.

  • J&K revenue receipts rose by Rs 6,200cr in 2016-17

    Sep 23, 2020

    Jammu, Sep 23: Total revenue receipts of Jammu and Kashmir government for 2016-17 were Rs 41,980.72 crore as compared to Rs 35,780.60 crore in the previous year, marking an increase of Rs 6,200.12 crore, the Comptroller and Auditor General (CAG) of India said on Wednesday. Out of this, 28 per cent of the total receipts were raised through tax revenue (Rs 7,819.13 crore) and non-tax revenue ( Rs 4,074.

  • Gold declines Rs 326, silver tanks Rs 945

    Sep 21, 2020

    New Delhi, September 21: Gold prices fell Rs 326 to Rs 52,423 per 10 gram in the national capital on Monday, in line with a weak global trend and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 52,749 per 10 gram. Silver prices also declined Rs 945 to Rs 68,289 per kilogram from Rs 69,234 per kilogram in the previous trade.

  • Sensex plummets 812 pts on global selloff; Nifty cracks below 11,300

    Sep 21, 2020

    Mumbai, September 21: Domestic equity benchmark Sensex plunged 812 points on Monday, led by losses in Reliance Industries, ICICI Bank and Bharti Airtel amid a massive global selloff. The 30-share BSE index ended 811.68 points or 2.09 per cent lower at 38,034.14. The NSE Nifty tumbled 254.40 points or 2.21 per cent to finish at 11,250.55.

  • Paytm app back on Google Play store after being pulled down briefly for policy violation

    Sep 18, 2020

    New Delhi, September 18: Google on Friday restored the Paytm app on its Play store after removing it for a few hours for violating its policy on sports betting activities. The app was back on the Google Play store on Friday evening after the Softbank-backed Paytm removed the 'cashback' feature from a recently-launched game on the application. "Update: And we're back!," Paytm said in a tweet.

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