Will the Bank Nifty have the last laugh?

The stage is set for the Bank Nifty catching up, albeit with some gyrations. Investors could well participate in the last leg of the rally riding on the Bank Nifty

Netflix rolls out UPI autopay feature in India: Here is how it works

Existing members in India can also switch to UPI AutoPay by going to Billing Details in their Account section (on a browser, or through the Android app).

NCR focus to yield good dividends for Max Healthcare

Shares of Max Healthcare gained 15 percent this week after the company said it has acquired the rights to develop and operate a 500-bed hospital at Saket, South Delhi

Around 18 unicorns to hit street with $11-12 bn IPOs in 2 years: Bofa

The domestic startups have created around 60 unicorns, having USD 1 billion valuations or more, and 20 of them this year alone. Many reports predict that the number will cross the 100-mark this year, going by the massive fund inflows into startups.

Startups playing key role in enhancing India-US partnership: Ambassador Taranjit Singh Sandhu

Tarnajit Singh Sandhu was delivering a keynote address to a webinar on Opportunities in the Indian Startup Ecosystem and the deepening of India-US partnership.

Central government finances now in better shape than before the pandemic

The tax revenue figures show that some sections of society and larger companies seem to be doing better than even before the pandemic

GDP in April-June 2021 still well below that of April-June 2019

Private consumption is still 88.1 per cent of what it was two years ago 

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

Petrol, diesel prices on September 1: Petrol price cut to Rs 101.34/ltr in Delhi, check rates in your city

In Mumbai, the petrol price was declined by 13 paise to retail a litre of the fuel at Rs 107.39

OPEC committee expects market to return to surplus in 2022

The JTC expects global oil demand to grow by 5.95 million bpd this year, in line with its previous forecast, and by 3.28 million bpd next year.

Tata Consultancy Services market cap crosses Rs 14 lakh crore

With the gain in the share price, the market capitalisation (m-cap) of Tata Consultancy Services, the second most valuable firm after Reliance Industries Limited, rose to Rs 14,00,664.30 crore at the close of trade.

India poised for stronger growth on structural reforms, govt capex push: CEA K Subramanian

The gross domestic product (GDP) had contracted by 24.4 percent in the corresponding April-June quarter of 2020-21, according to data released by the National Statistical Office (NSO) on Tuesday.

Economy: Eight core sectors#39; output up 9.4% in July

According to the commerce and industry ministry data, production of coal, natural gas, refinery products, steel, cement and electricity jumped by 18.7 percent, 18.9 percent, 6.7 percent, 9.3 percent, 21.8 percent and 9 percent in July, respectively.

Coal India ramps up supplies to address shortage at utilities

Government data showed over half of the 135 coal-fired power plants had less than a week#39;s stock of coal left, of which 50 plants had less than three days of coal left.

Wall Street open slightly lower, pulling SP 500 back from record

Traders are keeping their eye on a final trickle of company earnings and looking ahead to Friday, when the Labor Department will release its monthly jobs report.

Gold prices fall to Rs 47,239 per 10 gm on rupee uptick; silver slumps by Rs 402 a kg

The broader range on COMEX could be $1800-1830 and on the domestic front, prices could hover in the range of Rs 46,980- 47,575.

Veeda Clinical Research filing for Rs 500 crore - Rs 700 crore IPO, sources say

The company sees increased traction in its core segment of studies of evaluating the generic versions of proprietary drugs that go off patent, as well bright prospects from clinical trials of biosimilars and novel drugs.

Centre#39;s fiscal deficit touch 21.3% of annual target at June-end

As per the data, the central government#39;s total receipts stood at Rs 6.83 lakh crore or 34.6 percent of corresponding BE 2021-22 up to July 2021.

Maruti Suzuki cuts September production by 60% due to semiconductor shortage

Its August output is expected to be lower than July due to the partial shutdown for some days announced at the Gujarat plant.

Rupee inches 4 paise higher to 73.25 against US dollar in early trade

A strong rally in the domestic equity markets and a weak American currency in the overseas markets also supported the rupee sentiment.

Market can expect substantial price hike: Maruti Suzuki Senior Executive Director Shashank Srivastava

The cost of steel and copper has more than doubled while precious metals have seen the highest jump in prices.

Moneycontrol Pro Panorama | Spurt in electricity prices: no easy solutions

In today’s edition of Moneycontrol Pro Panorama: Economic recovery tracker, June quarter GDP, COVID-19 vaccination, rise in electricity prices, Page Industries, Jyothy Labs and more

Natural gas futures flat on subdued global trend, profit booking

The momentum indicator RSI is at 63.96, which suggests strength in the price.

Google removes 95,680 content pieces in July in India: Compliance report

In addition to reports from users, Google also removed 5,76,892 pieces of content in July as a result of automated detection.

Ola IPO in early 2022, to raise $2 billion: Report

Bengaluru-based startup Ola will raise half of the capital through primary issue and the rest through an offer for sale (OFS) from some early backers, the report added citing people aware of the matter.

COVID-19 – No ground for complacency

Higher vaccine availability and a stronger vaccination drive are good things, but the virus is far from being tamed yet

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

Petrol, diesel prices on August 31: Fuel prices unchanged, check rates in your city

In Mumbai, the petrol price remained unchanged and retailed at Rs 107.52 a litre.

Rakesh Jhunjhunwala-backed Rare Enterprises to invest in Syska LED

Syska Group has witnessed success over the years due to its first mover mindset and constant innovation and become one of the leading fast-moving electrical goods companies in the country.

Good News| Depositors of stressed banks, including PMC to get up to Rs 5 lakh back from November 30

The government has notified September 1, 2021 as the date on which the provisions of the Act shall come into force, according to a gazette notification dated August 27, 2021.

Tesla gets approval for four models from India’s testing agencies

It was not immediately clear which models or variants these were but multiple test cars of Tesla have been spotted regularly on Indian roads. Model 3 and Model Y have been seen testing in India since the past several weeks.

NSE co-location case: Sebi slaps Rs 6 lakh fine on Parwati Capital Market

Parwati Capital Market was one of the trading members identified for comprehensive investigation for primary and secondary server connects.

Shriram City looks to disburse up to Rs 23,000 crore in FY22

The lender provides finance to segments including small and medium enterprise (SME), two-wheelers, personal loans, gold loans and loan against property.

Go Airlines gets Sebi nod for Rs 3,600 crore IPO

The carrier, which filed its preliminary papers for the IPO in May, received its observations on August 26, according to Sebi#39;s latest update on processing status of the draft offer documents.

Rupee spurts 40 paise to over 2-month high on hopes of dollar inflows

The weakness in the dollar, a sharp surge in demand for risk assets, and expectations of high dollar inflows in the coming month through FDI and FII routes well-supported the Indian rupee, Parmar added.

Wall Street edge higher in early trading, holding near records

Big Tech companies had some of the strongest gains in the early going.

BSE-listed firms market cap zooms to record Rs 247.30 lakh crore; investors richer by Rs 5.76 lakh crore in 3 days

Investors have become richer by Rs 5,76,600.66 crore in three days of market rally. The 30-share BSE index had closed above the 56,000-mark for the first time on Friday.

Gold prices jump to Rs 47,478/10 gm, silver climbs Rs 866 a kg

"Gold prices may trade higher on the dovish Fed stance with pandemic worries and slower economic growth with inflation concerns," said Tapan Patel- Senior Analyst (Commodities) at HDFC Securities.

Airtel#39;s fund-raise plans give power to go extra mile, tap large opportunities: Sunil Mittal

#39;For every Rs 100 of revenue, Rs 35 go in various forms of levies. We hope that as we step up and do our part, the government will also favourably look at some of the genuine demands of the industry, enabling a multiplier effect and positive outcome,#39; Mittal said in an investor call on the company#39;s fundraising plans.

Tomato prices crash to Rs 4/kg amid supply glut in most growing states

Tomato prices at Aurangabad declined to Rs 4.50 per kg from Rs 9.50 per kg, while that of Solapur to Rs 5 per kg from 15 per kg and in Kolhapur to Rs 6.50 per kg from 25 per kg in the year-ago period.

Silver prices slip amid lack of fresh triggers, choppy trade in gold, dollar

The spot gold-silver ratio stands at 75.58 to 1, indicating that silver has outperformed gold.

Moneycontrol Pro Panorama | Investors brush aside taper blues

In today’s edition of Moneycontrol Pro Panorama: The T word, Monsoon Watch, why Sundram’s Arathi Krishna is upbeat, Burger King’s more zing, a labour windfall, the Eastern Window, GuruSpeak and much more

Bharti Airtel#39;s fund raise to fortify competitive position, give ammo for 5G: Analysts

The capital raising announcement, though unexpected and surprising, would enable Airtel to enhance its market share and provides it wherewithal to make faster investment in a scenario India moves to a two-player market earlier than expected, some analysts felt.

MakeMyTrip refunded Rs 642 crore for travel bookings during March 25-May 24, 2020

#39;#39;We have disbursed Rs 642 crore in refunds for travel bookings between 25th March to 24th May 2020. Over the past eighteen months, our teams have spent considerable number of hours to ensure that our customers remain duly informed about the progress of their refund requests,#39;#39; a MakeMyTrip spokesperson said in a statement.

Natural gas futures hit fresh 52-week high; bullish momentum expected

The commodity has been trading higher than 5, 20, 50, 100, and 200 days#39; simple moving averages and exponential moving averages on the daily chart.

SSWL inks pact with Tata Steel Long Products to supply round bars

These products will target automotive customers in India, Steel Strips Wheels Limited (SSWL) said in a regulatory filing.

Interview | Targeting a double-digit compounded growth in revenue: Arathi Krishna, MD, Sundram Fasteners

While the technology transition — from BS VI to electric vehicles — has thrown up immense scope for Sundram, the company is looking at non-auto sectors as well, says Krishna

Apps try putting financial literacy at kids#39; fingertips

Numerous reports have noted that financial literacy in the United States has resisted improvement for some time, even though more states have begun requiring schools to teach it.

McLeod Russel bankruptcy case may fan winds of change in tea industry

Whatever the outcome of the insolvency proceedings initiated against the company, experts say it is time to fix the structural deformities in the tea plantations business

Maruti Suzuki to hike prices in September

The Delhi-based carmaker had hiked prices in April and July this year.