The Northern Herald

  • Gold rises Rs 687, silver jumps Rs 2,854

    Jul 31, 2020

    New Delhi, July 31: Gold prices in the national capital on Friday gained Rs 687 to Rs 54,538 per 10 gram on recovery in international prices, according to HDFC Securities. In the previous trade, the precious yellow metal had closed at Rs 53,851 per 10 gram. Silver was also in demand as it jumped Rs 2,854 to Rs 65,910 per kg, from Rs 63,056 per kg on Thursday.

  • Rupee settles 3 paise higher at 74.81 against US dollar

    Jul 31, 2020

    Mumbai, July 31: The Indian rupee settled 3 paise higher at 74.81 (provisional) against the American dollar on Friday tracking weakness in the greenback. At the interbank forex market, the rupee opened at 74.74 and witnessed an intra-day high of 74.68 during the session and a low of 74.90 against the US dollar. The domestic unit finally settled for the day at 74.81, 3 paise higher over its previous close of 74.84.

  • SBI's Q1 profit surges 81 pc to Rs 4,189 cr

    Jul 31, 2020

    New Delhi, July 31: The country's largest bank SBI on Friday posted an 81 percent spike in standalone net profit at Rs 4,189.34 crore for the first quarter of current fiscal as bad loans declined. The lender had reported a net profit of Rs 2,312.02 crore in the April-June quarter of 2019-20. State Bank of India's (SBI) standalone total income increased to Rs 74,457.86 crore in the first quarter of 2020-21 as against Rs 70,653.

  • Diesel price cut by Rs 8.36/lt in Delhi after state govt rolls back hike in VAT

    Jul 30, 2020

    New Delhi, July 30: Diesel price in the national capital was on Thursday cut by Rs 8.36 per liter after the state government rolled back a VAT hike that had made the fuel uncompetitive in comparison to adjoining cities such as Gurgaon and NOIDA. Delhi Chief Minister Arvind Kejriwal announced a reduction in VAT or sales tax on diesel from 30 percent to 16.

  • Rupee settles 4 paise lower at 74.84 against US dollar

    Jul 30, 2020

    Mumbai, July 30: The rupee fell 4 paise to close at 74.84 (provisional) against the US dollar on Thursday tracking weak domestic equities and strong American currency. At the interbank forex market, the rupee opened at 74.84 and during the session fluctuated between an intra-day high of 74.80 and a low of 74.88 against the US dollar. The domestic unit finally closed at 74.84 against the greenback, down 4 paise over its previous close 74.

  • Delhi announces major cut in VAT on diesel to fire up economy

    Jul 30, 2020

    New Delhi, July 30: The Delhi government reduced the Value-Added Tax on diesel by almost half on Thursday, which will result in a relief of Rs 8.36 a liter to consumers, saying the move will help the city's economy recover from the pressures of the coronavirus pandemic. Chief Minister Arvind Kejriwal announced the reduction in VAT from 30 percent to 16.

  • German economy plunged 10 per cent during 2nd quarter amid pandemic

    Jul 30, 2020

    Frankfurt, July 30: Germany's economy took a massive hit during the pandemic shutdowns. Output shrank by 10.1% percent during the April-June period from the previous quarter, the country's official statistics agency said Thursday. Tough pandemic restrictions shut down everything from taverns to auto dealerships. The country has cautiously reopened and the economy has started bouncing back but economists say it is far from the pre-virus level.

  • Rupee gains 4 paise to 74.80 against US dollar ahead of Fed policy

    Jul 29, 2020

    Mumbai, Jul 29: The rupee gained 4 paise to settle at 74.80 against the American dollar on Wednesday tracking weakness in the greenback. At the interbank forex market, the rupee traded in a narrow range. It started the day at 74.83 and closed at 74.80, up 4 paise over its previous closing of 74.84 against the US dollar. The USD-INR spot traded in a very narrow range of 74.75-75.

  • Gold rises by Rs 710, silver jumps Rs 313

    Jul 29, 2020

    New Delhi, Jul 29: Gold prices rose by Rs 710 to Rs 53,797 per 10 gram in the national capital on Wednesday, according to HDFC Securities. The yellow metal had closed at Rs 53,087 per 10 gram on Tuesday. Silver prices also gained Rs 313 to Rs 65,540 per kg from Rs 65,227 per kg in the previous trade. In the international market, gold was trading flat at USD 1,958.

  • Freedom Healthy Cooking Oils Launches a campaign Immunity begins in the Kitchen

    Jul 28, 2020

    Hyderabad, July 28: According to experts, wearing a mask, frequent sanitization, social distancing and boosting your immunity are the only ways to deal with COVID-19. The terrible pandemic awakened the fact that human food systems are vulnerable. The common saying 'Food is medicine' plays a key role in today's time due to their inherent medicinal and healing properties.

  • Equities shake off virus woes as bulls return; IT, auto stocks spurt

    Jul 28, 2020

    Mumbai, July 28: Reversing two sessions of declines, the Sensex surged over 558 points while the Nifty recaptured the 11,300-mark on Tuesday as investors snapped up IT, auto and financial stocks amid firm global cues. After opening above the key 38,000-level, the 30-share BSE Sensex went on to touch the day's high of 38,555 in late-afternoon trade. It finally closed at 38,492.95, up 558.22 points or 1.47 per cent.

  • Infrastructure push can reignite economic growth: RBI Guv

    Jul 27, 2020

    New Delhi, Jul 27: RBI Governor Shaktikanta Das on Monday made a strong case for stepping up investments in the infrastructure sector to restart the economy reeling under the impact of the COVID-19 pandemic. In his address to India Inc at a CII event, Das said both private and public sectors have to play an important role in developing infrastructure that requires huge investments.

  • Bisleri Wins ET's Iconic Brand of the Year Award

    Jul 24, 2020

    Mumbai, July 24: Bisleri International Pvt. Ltd, has been recognized by The Economic Times as one of the most 'Iconic Brands of India', for 2020. The award ceremony that was held virtually this year celebrated the best of home grown indigenous brands of India and their exceptional growth stories.

  • Punjab govt announces relaxations for industry to boost investment

    Jul 24, 2020

    Chandigarh, July 24: To encourage investment in the state amid the COVID-19 pandemic, the Punjab government has announced a slew of relaxations for industry, including an extension of validity of statutory clearances without an inspection, according to an official statement.

  • K'taka's new industrial policy sets investment target of Rs 5 lakh cr

    Jul 23, 2020

    Bengaluru, July 23: Pitching for priority in jobs for Kannadigas, the new industrial policy cleared by the Karnataka cabinet on Thursday aims to attract investments worth Rs 5 lakh crore and employment opportunities for 20 lakh people in five years by offering a slew of incentives and concessions.

  • Gold crosses Rs 51,000 mark, up by Rs 502

    Jul 23, 2020

    New Delhi, July 23: Gold prices went past Rs 51,000 mark in the national capital, rising by Rs 502 on Thursday on strong international prices, according to HDFC Securities. The precious metal rose by Rs 502 to Rs 51,443 per 10 gram from Rs 50,941 per 10 gram in the previous trade. Silver, however, declined by Rs 69 to Rs 62,760 per kg from Rs 62,829 per kg on Wednesday.

  • Bitbns teams up with Sylo to open crypto mainstream to a billion Indians

    Jul 23, 2020

    Bangalore, July 23: Bitbns, India's largest crypto exchange has joined hands with Global software development house Sylo to better serve the Indian market's growing demand for legitimate crypto-projects. A unique place where the old and new worlds collide, it's clearer every day to those watching the market that #IndiaWantsCrypto.

  • Rupee rises 11 paise to 74.64 against US dollar in early trade

    Jul 23, 2020

    Mumbai, Jul 23: The rupee appreciated 11 paise to 74.64 against the US dollar in opening trade on Thursday supported by weak American currency and foreign fund inflows. At the interbank forex market, the domestic unit opened on a strong note at 74.65, gained further ground and touched 74.64 against the US dollar, registering a rise of 11 paise over its previous close. It had settled at 74.75 against the US dollar on Wednesday.

  • Prime Minister Modi invites US firms to invest in India

    Jul 23, 2020

    New Delhi, Jul 23: Prime Minister Narendra Modi on Wednesday invited US companies to invest in India's healthcare, infrastructure, defence, energy, farm and insurance sectors, saying the country offers openness, opportunities and options for investments. "Today, there is global optimism towards India. This is because India offers a perfect combination of openness, opportunities and options. Let me elaborate.

  • Rupee ends flat at 74.75 amid firming US dollar

    Jul 22, 2020

    Mumbai, July 22: The rupee pared its initial gains and settled on a flat note at 74.75 against the US dollar on Wednesday amid muted domestic equities and a strengthening American currency. At the interbank forex market, the domestic unit opened on a strong note at 74.61 against US dollar but pared the gains to settle at 74.75, down by 1 paise from the previous close of 74.74.

  • Gold rises by Rs 192, silver zooms Rs 1,832

    Jul 21, 2020

    New Delhi, July 21: Gold prices rose by Rs 192 to Rs 50,214 per 10 gram in the national capital on Tuesday following rally in international prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 50,022 per 10 gram. Silver prices also jumped Rs 1,832 to Rs 56,441 per kg from Rs 54,609 per kg in the previous trade.

  • Sensex rallies 511 pts; Nifty tops 11,150

    Jul 21, 2020

    Mumbai, July 21: Equity benchmark Sensex rallied 511 points on Tuesday, tracking gains in index majors Reliance Industries, HDFC and ICICI Bank amid a firm trend in global markets on hopes of a COVID-19 vaccine. After hitting a high of 37,990.55 during the day, the 30-share BSE Sensex settled 511.34 points, or 1.37 per cent, higher at 37,930.33. Similarly, the NSE Nifty rose 140.05 points, or 1.27 per cent, to end at 11,162.25.

  • Global shares rise after EU sets deal to support economies

    Jul 21, 2020

    Tokyo, July 21: Global shares advanced Tuesday after European leaders worked out a deal to support their virus-stricken economies. Shares rose in Paris, Frankfurt and London after a day of gains in Asia. U.S. futures also advanced. The 27 EU leaders agreed to an unprecedented 1.8 trillion-euro ( 2.1 trillion) budget and coronavirus recovery fund after one of their longest summits ever.

  • Will not hear arguments on reassessment of AGR related dues "even for a second": SC to telcos

    Jul 20, 2020

    New Delhi, July 20: The Supreme Court Monday said it will not hear "even for a second" arguments on re-assessment of Adjusted Gross Revenue (AGR) related dues of telecom companies which run into about Rs 1.6 lakh crore. A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah reserved verdict on the issue of timeline for staggered payment of AGR-related dues by telecom companies.

  • Great time to invest in India: PM tells IBM CEO

    Jul 20, 2020

    New Delhi, July 20: This is a great time to invest in India and the country is welcoming investments in the tech sector, Prime Minister Narendra Modi told IBM CEO Arvind Krishna on Monday. In a virtual interaction with Krishna, the prime minister noted that while the world is witnessing a slowdown, FDI inflow in India is increasing.

  • GEDCOL, NHPC sign MoU to develop floating solar power projects in Odisha

    Jul 20, 2020

    Bhubaneswar, July 20: In a bid to develop floating solar power projects with a total capacity of 500 MW, the Green Energy Development Corporation of Odisha Limited (GEDCOL) and the National Hydroelectric Power Corporation (NHPC) on Monday signed an agreement to form a joint venture company, an official said.

  • Bank of Baroda celebrates its 113th foundation day

    Jul 20, 2020

    Jammu, July 20: Set up by the great Visionary, Maharaja Sir Sayajirao Gaekwad in the year 1908, Going from Local to Global, Bank of Baroda has the privilege of being the 2rd largest PSU Bank of the Country and is celebrating its 113th foundation day. The Gandhi Nagar Jammu Branch was also tastefully decorated and Masks were distributed to the people.

  • Global shares mixed as investors eye EU meeting on pandemic

    Jul 20, 2020

    Tokyo, July 20: Global shares were mixed in directionless trading Monday as the number of coronavirus cases soared in the US and investors cautiously eyed the summit of European leaders discussing the pandemic crisis. France's CAC 40 shed 0.5% in early trading to 5,043.73. Germany's DAX was little changed at 12,906.87, down less than 0.1%. Britain's FTSE 100 slipped nearly 0.4% to 6,268.07.

  • Rupee settles 11 paise higher at 74.91 against US dollar

    Jul 20, 2020

    Mumbai, July 20: The rupee appreciated by 11 paise to settle at 74.91 (provisional) against the US dollar on Monday, tracking positive domestic equities and weak American currency. At the interbank forex market, the rupee opened at 74.92 against the greenback, and touched a high of 74.89 and low of 75.03 during the session. It finally closed for the day at 74.91 against the American currency, up 11 paise over its previous close.

  • Rupee settles 16 paise higher at 75.02 against US dollar

    Jul 17, 2020

    Mumbai, July 17: The rupee appreciated 16 paise to close at 75.02 (provisional) against the US dollar on Friday tracking positive domestic equities and weakening American currency. At the interbank forex market, the domestic unit had opened on a weak note but soon recouped the losses amid high volatility and finally settled for the day at 75.02 against the US dollar, gaining 16 paise over its previous close. It had settled at 75.

  • Lockdown-hit casual workers of Air India move HC seeking work

    Jul 17, 2020

    Mumbai, Jul 17: At least 250 casual workers of Air India (AI) have approached the Bombay High Court seeking direction to the government-run airline to provide them work as the coronavirus-induced lockdown has rendered them jobless and deprived them of wages. Their plea was heard on Friday by a bench of Justices R D Dhanuka and V G Bisht, who issued a notice to Air India and directed the national carrier to respond within two weeks.

  • Caltech CTME and Simplilearn to Launch Online Post Graduate Program in Cloud Computing

    Jul 16, 2020

    Bangalore, July 16: Caltech CTME (Center for Technology and Management Education) announced its collaboration with Simplilearn, a global provider of digital skills training, to offer a specialized Post Graduate Program (PGP) in Cloud Computing. The learning program, which comprises 300+ hours of study, prepares professionals for a career as a Cloud Architect, Cloud Consultant, or Cloud Engineer.

  • Gold falls by Rs 32, silver declines Rs 124

    Jul 16, 2020

    New Delhi, July 16: Gold prices declined by Rs 32 to Rs 49,986 per 10 gram in the national capital on Thursday amid a weak global trend, according to HDFC Securities. The yellow metal had closed at Rs 50,018 per 10 gram in the previous trade. Silver also fell by Rs 124 to Rs 53,810 per kg from Rs 53,934 per kg on Wednesday.

  • Samba, Kathua districts covered under Cheque Truncation System as part of RBI project

    Jul 15, 2020

    JAMMU, JULY 15: In a move that will be a major boost to the Digitization push in UT of J&K, Samba and Kathua districts will now be covered under the Cheque Truncation System (CTS). The CTS has become operational in Samba on July 14, while Kathua district will be covered on July 17. At present CTS is operational only in Jammu district of the UT.

  • Jio developing homegrown 5G telecom solution: Ambani

    Jul 15, 2020

    Mumbai, Jul 15: Richest Indian Mukesh Ambani on Wednesday announced his group's digital arm Jio developing a homegrown 5G telecom solution. "Jio has designed and developed a complete 5G solution from scratch. It will be ready for trials as soon as 5G spectrum is available and can be ready for field deployment next year," Ambani said at Reliance Industries' annual general meeting.

  • Gold down Rs 114, silver declines Rs 140

    Jul 14, 2020

    New Delhi, July 14: Gold prices in the national capital on Tuesday fell Rs 114 to Rs 49,996 per 10 grams amid correction in the international prices of the precious metal and rupee appreciation, according to HDFC Securities. In the previous trade, gold had closed at Rs 50,110 per 10 gram. Silver also declined Rs 140 to Rs 53,427 per kg, from Rs 53,567 per kg in the previous trade.

  • Sensex plunges 661 pts in line with global selloff

    Jul 14, 2020

    Mumbai, July 14: Equity benchmark Sensex plunged 661 points on Tuesday, dragged by losses in financial stocks amid selloff in global markets. After touching a low of 35,877.42, the 30-share BSE Sensex settled 660.63 points, or 1.80 per cent, lower at 36,033.06. Likewise, the NSE Nifty fell 195.35 points, or 1.81 per cent, to 10,607.35. Shares of the HDFC duo led the fall in the indices, shedding up to 2.

  • UK economy around a quarter smaller than before pandemic

    Jul 14, 2020

    London, July 14: The British economy grew by far less than anticipated during May, dampening hopes that the recovery from what is set to be one of the country's deepest recessions in centuries will be rapid. The Office for National Statistics said Tuesday that the economy grew by 1.8 per cent in May from the previous month after some easing of the lockdown, such as encouraging those in construction or manufacturing to return to work.

  • Rupee skids 23 paise to close at 75.42 against US dollar

    Jul 14, 2020

    Mumbai, July 14: The Indian rupee tumbled 23 paise to settle at 75.42 (provisional) against the US dollar on Tuesday as risk appetite remained weak amid heavy selling in domestic equities and strengthening American currency. The rupee, which had opened at 75.33 at the interbank forex market, lost ground and settled at 75.42 against US dollar, down 23 paise over its last close. It had settled at 75.19 against the US dollar on Monday.

  • ThoughtWorks Social Hackathon 2020 Accelerates Technology-driven Social Impact Initiatives

    Jul 14, 2020

    Bangalore, July 14: ThoughtWorks, global software consultancy, partnered with LetsEndorse Development, an online ecosystem of social innovators, NGOs and communities, and Ekonnect Knowledge Foundation, a not-for-profit offering awareness, training, and education programs in environmental management and sustainability, to host the 2020 ThoughtWorks Social Hackathon.

  • Gold rises Rs 120, silver zooms Rs 858

    Jul 13, 2020

    New Delhi, July 13: Gold prices jumped Rs 120 to Rs 49,960 per 10 gram in the national capital on Monday following gains in global prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 49,840 per 10 gram. Silver also rose by Rs 858 to Rs 53,320 per kg from Rs 52,462 per kg in the previous trade.

  • Google to invest Rs 75,000 crore in India over 5-7 years

    Jul 13, 2020

    New Delhi, July 13: Google chief executive Sundar Pichai on Monday announced plans to invest Rs 75,000 crore in India over the next five to seven years to help accelerate the adoption of digital technologies in the country. India-born Pichai, who held a virtual meeting with Prime Minister Narendra Modi on Monday morning, made the announcement at annual 'Google for India' event via video conference.

  • Pak says it will restore Afghanistan's exports through Wagah border from Wed

    Jul 13, 2020

    Islamabad, July 13: Pakistan said on Monday that it will restore Afghanistan's exports through the Wagah border with India from Wednesday at the special request of Kabul and to faciliate Afghan Transit Trade. Pakistan closed the Wagah border with India in mid-march March in the wake of the coronavirus pandemic.

  • Rupee settles flat at 75.19 against US dollar

    Jul 13, 2020

    Mumbai, July 13: The rupee settled on a flat note at 75.19 (provisional) against the US dollar on Monday amid high volatility in the domestic equity market. The rupee, which opened at 75.20 against the US dollar, closed at 75.19 against the US dollar, up by just 1 paisa over its previous close. It had settled at 75.20 against the greenback on Friday.

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