BUSINESS
Vodafone Idea's shares jump sharply post prepaid tariff hike
The company's share price has risen from Rs 9.6 per share in early November to Rs 14.6 at Monday's close. Notably, a larg part of the rise was seen last week. In the week that ended on Friday (December 3), the telecom operator's share price rose over 30 per cent. It is important to note that the recent sharp rise in share prices of the company comes at a time when major Indian telecom operators
Higher input costs to impact steel cos' profitability from Q3FY22: ICRA
Coking coal is one of the key inputs used in the sector. "Input cost pressures for domestic mills could moderate somewhat towards the later part of Q4 FY2022, as seaborne coking coal prices have declined by 20 per cent since the highs of mid-November 2021, the benefit of which would slowly get reflected in mill margins after a lag of two-three months," the agency said.
Omicron shadow: Indian equities plunge on FII outflows
Besides, reports of IT notices to some global fund houses have also subdued investors' sentiment. Notably, on last Friday, the FIIs sold stocks worth Rs 3,356.17 crore on the BSE, the NSE and the MSEI in the capital market segment. Globally, shares were mixed in Asia on Monday after troubled Chinese property developer Evergrande warned late Friday it may run out of money.
MoUs between Indian states and Amazon are contradicting Aatmanirbhar Bharat campaigns: CAIT
The CAIT also said that such agreements are a hindrance to the Aatmanirbhar Bharat and Vocal for Local campaigns launched by the Prime Minister of India. CAIT said that it will arrange a meeting and write to the chief ministers to discuss matters in this regard.
Sensex drops to 56,747 and Nifty witnesees fall by 284 points to fall under 17,000
The Nifty IT index displayed the worst performance in the market by falling low by 2.70 per cent. The Nifty Pharma index also dropped by 1.87 per and Nifty Auto plunged by 1.84 per cent. The Bombay Stock Exchange (BSE) traded at 57,588 points, down 0.2 per cent day at 9.30 a.m. This further crashed by over 900 points and Sensex closed after a drop to 56,747 points.
India aiming at $43 billion agri-products' exports: Govt
The increase in agricultural and processed food products exports from Purvanchal (eastern UP) will not only boost India's foreign exchange earnings, it will help in doubling farmers' income as well as boost employment opportunities in the region, the Minister said at the event organised by Agricultural and Processed Food Products Export Development Authority (APEDA), the government release said.
Subdued demand reduced freight rates for mining, cement, steel in Nov: Crisil
However, the fall in rates is not significant in comparison with the reduction in duties for diesel. This correction is not significantly more than the fall in diesel price in the case of cement. The situation needs to be monitored for the next one-two months, the Crisil report said.
Louis Vuitton under fire in China for refund policy
The brand's different return and exchange policies have also triggered fresh anger among Chinese consumers on Chinese Twitter-like social media Sina Weibo on Saturday, Global Times said. There are also netizens calling for the revision of market regulations in China to better protect the rights and interests of Chinese consumers, the report added.
With transactions of 120 Cr every month, these Jharkhand women transform banking scene
Now the elderly do not have to stand in long queues after travelling 10-20 km for pension. Be it the farmers, who save money by working in the fields, or the students, who get benefits of government scholarships, everyone is getting banking services at home. The people of the villages know the women as 'Bank wali Didiya'. These women are associated with self-help groups -- 'Sakhi Mandals', which have been formed under the Centre's National Rural Livelihood Mission. In Jharkhand, the mission is being run through Jharkhand State Livelihood Promotion Society (JSLPS).
India's Apr-Nov agricultural, processed food exports up 13%
As per the data furnished by the Ministry of Commerce and Industry, export of products under the Agricultural and Processed Food Products Export Development Authority (APEDA) ambit increased from $11.671 billion in April-November 2020-21 to $13.261 billion in April-November 2021-22. The target for exports under the APEDA basket products has been set at $23.713 billion for 2021-22
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