The Northern Herald

  • 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.

  • AP levies Re 1 road development cess on petrol, diesel

    Sep 18, 2020

    Amaravati, September 18: The Andhra Pradesh government on Friday promulgated an ordinance providing for levy of a Road Development Cess of Re 1 each per litre on petrol and high- speed diesel that would net around Rs 500 crore annually. The ordinance cleared by Governor Biswabhusan Harichandan amended the AP Value Added Tax Act, 2005.

  • Global shares mixed amid worries on coronavirus, economy

    Sep 18, 2020

    Tokyo, September 18: Global shares were mixed Friday, with investor attention shifting again to the uncertainties in global economies amid the coronavirus pandemic. France's CAC 40 fell 0.4 per cent in early trading to 5,020.87, while Germany's DAX was little changed at 13,206.92. Britain's FTSE 100 lost 0.3 per cent to 6,031.25. US shares were set to be mixed with Dow futures sinking nearly 0.1 per cent to 27,795.5.

  • Gold rises Rs 224; silver gains Rs 620

    Sep 18, 2020

    New Delhi, September 18: Gold prices rose Rs 224 to Rs 52,672 per 10 grams in the national capital on Friday in line with strong international prices of the precious metal, according to HDFC Securities. The precious metal had closed at Rs 52,448 per 10 grams in the previous trade. Silver also went up by Rs 620 to Rs 69,841 per kg, from the previous close of Rs 69,221 per kg.

  • Govt considering reducing AI's debt and delaying its disinvestment

    Sep 18, 2020

    New Delhi, September 18: The central government is considering reducing Air India's debt further and delaying its disinvestment process in order to woo buyers, senior officials said on Friday. The debt of Air India as on March 31, 2019 was Rs 58, 255 crore. Later in 2019, Rs 29,464 crore of this debt was transferred from Air India to a government-owned special purpose vehicle called Air India Assets Holding Company Limited (AIAHL).

  • Rupee rises 33 paise to 73.33 against US dollar in early trade

    Sep 18, 2020

    Mumbai, September 18: The rupee strengthened by 33 paise to 73.33 against the US dollar in opening trade on Friday as weak American currency and positive domestic equities buoyed investor sentiment. At the interbank forex market, the domestic unit opened at 73.47 against the US dollar, then gained further ground and touched 73.33, registering a rise of 33 paise over its previous close.

  • Sensex rises nearly 200 pts in early trade; Nifty tops 11,550

    Sep 18, 2020

    Mumbai, September 18: Domestic equity benchmark Sensex jumped nearly 200 points in early trade on Friday tracking gains in index majors TCS, Reliance Industries and Sun Pharma amid positive cues from Asian peers. The 30-share BSE index was trading 186.37 points or 0.48 per cent higher at 39,166.22; while the NSE Nifty rose 62.70 points or 0.54 per cent to 11,578.80.

  • Global stocks retreat on lack of new Fed action

    Sep 17, 2020

    Beijing, September 17: Global stocks and U.S. futures sank Thursday after the Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Indexes in London, Frankfurt and other European markets dropped after Shanghai, Tokyo, Seoul and Hong Kong all closed lower. The Fed said Wednesday it won't raise interest rates until inflation reaches 2%, which the U.S.

  • Gold tanks Rs 608; silver declines Rs 1,214

    Sep 17, 2020

    New Delhi, September 17: Gold prices fell by Rs 608 to Rs 52,463 per 10 grams in the national capital on Thursday, in tandem with weak international trends, according to HDFC Securities. In the previous trade, it had closed at Rs 53,071 per 10 grams. Silver also failed to attract investors as it declined Rs 1,214 to Rs 69,242 per kg, from Rs 70,456 per kg in the previous trade.

  • Markets build on gains ahead of Fed decision; Nifty reclaims 11,600

    Sep 16, 2020

    Mumbai, September 16: Equity benchmarks darted up for the second straight session on Wednesday as banking, auto and IT stocks saw robust buying amid mixed global cues. A strengthening rupee and supportive comments by the RBI Governor also bolstered investor sentiment, traders said. The 30-share BSE Sensex jumped 258.50 points or 0.66 per cent to close at 39,302.85. The broader NSE Nifty rose 82.75 points or 0.

  • Sensex, Nifty start on cautious note amid tepid global cues

    Sep 16, 2020

    Mumbai, September 16: Domestic equity benchmarks Sensex and Nifty opened on a cautious note on Wednesday tracking mixed cues from global markets ahead of the US Federal Reserve's policy outcome. The 30-share BSE index was trading 53.41 points or 0.14 per cent higher at 39,097.76; while the NSE Nifty rose 14.40 points or 0.12 per cent to 11,536.20.

  • Rupee settles 12 paise higher at 73.52 against US dollar

    Sep 16, 2020

    Mumbai, September 16: The rupee strengthened by 12 paise and settled at 73.52 (provisional) against the US dollar on Wednesday supported by positive domestic equities and weak American currency. At the interbank forex market, the local unit witnessed high volatility against the US dollar. It opened at 73.70, gained the lost ground and finally closed on a positive note at 73.

  • Revenues of Indian airlines fell by 85.7% in April-June period due to COVID-19: Puri

    Sep 16, 2020

    New Delhi, September 16: The revenue of Indian airlines fell by 85.7 per cent to Rs 3,651 crore during the first quarter of 2020-21 in comparison to the corresponding period a year ago due to COVID-19, said Civil Aviation Minister Hardeep Singh Puri on Wednesday. Moreover, employee count at the Indian carriers went down from 74,887 on March 31 to 69,589 on July 31, a decrease of 7.

  • Rupee drops 16 paise to 73.64 on dollar buying by banks

    Sep 15, 2020

    Mumbai, September 15: The rupee pared early gains to settle 16 paise lower at 73.64 against the US dollar on Tuesday due to dollar buying by banks and oil importers. The rupee had opened higher at 73.33 but later lost ground to touch a low of 73.72 due to high dollar demand. Forex traders said the rupee ended lower due to dollar purchases by state-run banks likely on the behalf of the RBI.

  • Global stocks mixed after Wall Street rises on dealmaking

    Sep 15, 2020

    By Joe McDonald Beijing, September 15: Global stock markets were mixed Tuesday after Wall Street rose on a flurry of corporate deals and China's economic activity improved. London opened higher while Shanghai and Hong Kong gained. Tokyo declined and Frankfurt opened lower. U.S. stock futures gained. On Wall Street, the benchmark S&P 500 index closed 1.3 per cent higher on Monday, erasing much of last week's loss. Wall St.

  • Rupee settles 16 paise lower at 73.64 against US dollar

    Sep 15, 2020

    Mumbai, September 15: The rupee pared early gains to settle 16 paise lower at 73.64 (provisional) against the US dollar on Tuesday even as domestic equity market traded in the positive territory. At the interbank forex market, the domestic unit witnessed high volatility. It opened on a strong note at 73.33, but lost ground during the day and finally closed at 73.

  • Forevermark presents the Tribute Collection

    Sep 15, 2020

    Jammu, September 15: As trends change with the seasons, one thing remains constant, the infinite beauty and versatility of a Forevermark diamond. A statement of individuality, designed to reflect these timeless qualities, the Forevermark Tribute Collection delivers beautiful diamond jewellry to wear every day. Comprising 22 rings accentuated with round brilliant, pear, and oval cut diamonds, set in 18k white, yellow, or rose gold.

  • Industrial production declines 10.4 pc in July

    Sep 11, 2020

    New Delhi, September 11: Industrial production declined by 10.4 per cent in July, mainly due to lower output of manufacturing, mining and power generation, as per the government data released on Friday. According to the Index of Industrial Production (IIP) data, manufacturing sector production registered a decline of 11.1 per cent, while the output of mining and power fell 13 per cent and 2.5 per cent, respectively.

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