BUSINESS
NCTC urges govt to remove anti-dumping duty on VSF
As per the statement by the industry body, the textile industry has been facing stagnation for many years, mainly due to the lack of availability of the basic raw materials of man-made fibre/filament yarn at internationally competitive prices.
Manufacturing, infra push to boost logistics in India, automation to be key in 2021
With the country emerging out of the pandemic, and technology taking a whole new meaning in this post-Covid world, they feel, automation will be the next big thing in logistics.
215 held in two months in fake GST invoice fraud cases
Those arrested by the Directorate General of GST Intelligence (DGGI) and the CGST Commissionerates include six Chartered Accountants and one Company Secretary, sources said.
Traders ask govt to ban WhatsApp and Facebook
In a communication sent to Minister for Information Technology Ravi Shankar Prasad, CAIT has demanded that the government should immediately restrict WhatsApp from implementing the new policy or put a ban on WhatsApp and its parent company Facebook.
India to fast catch up as Bitcoin surges as key asset class
Bitcoin has already gained 25 per cent in January, following its more than 300 per cent gain in 2020. The second largest cryptocurrency 'Ethereum' has soared over the past 12 months reaching a total gain of 860 per cent last week, after trading above $1,200 for the first time since early 2018.
India now looks to build strategic gas reserve
Sources privy to the development said a conductive global energy market where oil and gas prices are stable had given fresh push for building strategic gas reserves in the country. An announcement in this regard may be made as early as in the Budget 2021-22.
Macro-data to drive equities, Q3 results to give directions
"The results season began on Friday with TCS coming out with excellent Q3FY21 numbers. As more companies come out with their numbers, the focus could shift from index to individual stocks and peer stocks," said Deepak Jasani, Head of Retail Research at HDFC Securities.
Elon Musk's call to use Signal led to another firm's stock gain 1,100%
The stock surged 527 per cent on Thursday and another 91 per cent on Friday, jumping from 60 cents to $7.19, reports CNBC. The store price of Signal Advance multiplied 12-fold in two days. Signal Advance is so small that it doesn't report financials with the US SEC, till this happened. "The company now has a market cap of $660 million, up from $55 million two days ago. Prior to Thursday, the stock had traded under $1 since 2015," it said.
Covid-19 Vaccine rollout, gradual revival pushed crude prices above $50 per barrel: Report
Besides, the report said the 1 million barrel per day (mb/d) production cut announced by Saudi Arabia against the combined 75,000b/d increase granted to Russia and Kazakhstan for February and March 2021 would support the prices in the coming months.
Mumbai remains bullish, gets another Bull on its landscape
This time, the image is of a ready-to-charge 'Zebu Bull', with a pair of long, piercing horns pointing to the sky, which has come up at the Rajni Patel Chowk in the financial hub of Worli. It's a joint collaboration of the IndusInd Bank, the Hinduja Foundation and the Municipal Corporation of Greater Mumbai (MCGM), and becomes the fourth bovine gracing the country's commercial capital.
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