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DEC
3
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15-yr-old Indian-American Gitanjali Rao named first 'TIME Kid of the Year'
A brilliant scientist and inventor, Rao has been recognised for her astonishing work using technology to tackle issues ranging from contaminated drinking water to opioid addiction and cyberbullying
India's next Budget to focus on boosting growth, says FM Sitharaman
With the world's second-highest cases of coronavirus despite a severe lockdown of its 1.3 billion people early on in the pandemic, India's economy is expected to contract nearly 10% in the 2020-21
After being hit by pandemic, Indian economy now recovering gradually: IMF
India's economy, which was severely affected by the coronavirus pandemic, is gradually recovering, the International Monetary Fund said on Thursday
Centre, farmers make some headway; another meeting on Dec 5 to break logjam
A breakthrough in the farmer unions' key demand for an assurance on continuation of the Minimum Support Price (MSP) procurement system is also said to be in the works
Toyota to resume production with limited staff amid face-off with union
Though state labour dept ordered workers to call off strike and resume operations on Nov 19, company says less than 10% returned, forcing it to extend lockdown four days later
IndiGo scraps leave without pay for staff, says 70% pre-Covid level reached
On Wednesday, airline said it is operating 1,000 daily international and domestic flights
Charged up tycoons: Elon Musk's $139 bn fortune is one of many in EV biz
Overall, fortunes of the handful of people tracked by the Bloomberg index in the EV industry have increased by more than $140 billion -- including Musk's $111 billion surge.
Standard Life sells 27.8 mn shares to prune stake in HDFC Life to 8.89%
Deal struck at Rs 619.25 a share, raising Rs 1,720 cr; sale represents 1.38 per cent stake
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RBI likely to hold rates amid inflation: Things to watch out for
A spike in consumer prices forced the panel to pause after cutting rates by 115 basis points this year, although it’s expected to conserve some ammunition to support growth by retaining an accommodative stance for the near future.
Standard Life Aberdeen sells 1.37% stake in HDFC Life for Rs 1,703 cr
The shares sold constituted 1.37% of the paid-up, issued equity share capital of HDFC Life. The remaining shareholding of Standard Life (Mauritius Holdings) in HDFC Life is now 8.89%, it added.
FII flows could remain strong going forward given India’s growth story
After record flows in November, FII investments could remain strong going forward as well as India’s growth story, but December may be weak on end-of-year holiday season.
Dollar is dropping to multi-year lows against peers, one by one
With optimism over U.S. stimulus talks, bets on a successful roll-out of vaccines and China’s economic rebound driving bets for global growth, demand for the world’s reserve currency has fallen.
7 stocks that analysts say can offer solid returns in 3-4 weeks
Sensex, Nifty scaled record highs on Thursday, led by banks and RIL, as Covid-19 vaccine developments globally and a slowing pace of virus spread at home supported investor sentiment. Both the indices have hit record highs in 10 o
View: Direct cash transfer is not the vaccine for reviving GDP. It’s not even the anti-viral remdesivir
Economists like Raghuram Rajan, Abhijit V Banerjee and Manmohan Singh, as well as politicians like P Chidambaram and Yogendra Yadav, have been advocating more cash be put in the hands of people. But they haven’t answered ‘How?’, ‘
RBI likely to keep interest rates unchanged, may revise growth projections: Industry experts
In its October monetary policy statement, the RBI had said the real GDP growth in 2020-21 was expected to be negative at (-) 9.5 per cent, with risks tilted to the downside: (-) 9.8 per cent in Q2:2020-21; (-) 5.6 per cent in Q3;
India revokes anti dumping duty on nylon tyre cord fabric
The duty was first imposed on such imports in June 2015. The Directorate General of Trade Remedies (DGTR) had in October recommended extending the duty of $520- 1100 per MT on the product for five years on grounds that there was a
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As hospitals fill, travel nurses race to virus hot spots
As hospitals fill, travel nurses race to virus hot spots As the coronavirus has spiked across the country — leaving a record 100,226 Americans hospitalized Wednesday — travel nurses, who work on temporary contracts for higher fees and move from city to city, have become more urgently needed than ever.

UK and US officials spar over ‘vaccine nationalism’
UK and US officials spar over ‘vaccine nationalism’ The British government Wednesday outlined the complicated logistics involved in its trying to distribute the coronavirus vaccine.

IndiGo to call all employees back to work, removes leave without pay from January 1
IndiGo to call all employees back to work, removes leave without pay from January 1 In a letter to employees on December 3, CEO Ronojoy Dutta announced the decision, and said he expects revenue to pick up.

Govt clears Army Headquarters reorganisation; Lt Gen Paramajit Singh is first Deputy Chief of Army
Govt clears Army Headquarters reorganisation; Lt Gen Paramajit Singh is first Deputy Chief of Army The Army headquarters’ reorganisation has been envisaged during the Doklam crisis with China back in 2017.

PM Modi to address IIT2020 global summit on December 4
PM Modi to address IIT2020 global summit on December 4 The meet will focus on issues like global economy, technology, innovation, health, habitat conservation and universal education, the Prime Minister#39;s Office said.

Removing forest dwellers from areas to protect biodiversity costs more than involving them: report
Removing forest dwellers from areas to protect biodiversity costs more than involving them: report A latest report has highlighted that over Rs 50 trillion – nearly one-fourth of India’s annual GDP – is the cost of resettling tribal people and forest dwellers to areas outside forests, for biodiversity conservation

People power to clean up Pune river, bit by bit
People power to clean up Pune river, bit by bit Starting in 2017, three volunteers of NGO Jeevitnadi would get together each week to clean small stretches of the Mutha river. Over the years, it has evolved into a larger wetland conservation project and has volunteers from different walks of life

Rahul Gandhi#39;s consistency is issue, says Sharad Pawar
Rahul Gandhi#39;s consistency is issue, says Sharad Pawar Asked about the Congress#39;s future and if Rahul Gandhi was becoming a "hurdle" for the party, Pawar said leadership of any party depends on what kind of acceptance he or she has within the organisation.

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Economy firmly on the path of a V-shaped recovery, says govt.
Finance Ministry flags prospects of a second COVID-19 wave as ‘downside risk’
Aviation loss to widen to ?21,000 cr. in FY21: ICRA
‘Sector needs up to ?37,000 cr. more’
Marico enters plant protein category with Soffola Mealmaker
Marico Ltd. has forayed into the plant protein category with the introduction of Saffola Mealmaker Soy Chunks, a ‘differentiated product in the soya c
Shriram City Union gives ?1,000 crore bike loans
Shriram City Union Finance Ltd., a non-banking finance firm, has disbursed more than ?1,000 crore by financing about 1.67 lakh two-wheelers during Nov
RBI halts HDFC Bank from issuing new credit cards
Curbs covering fresh digital initiatives follow tech outages
HCL’s Roshni tops list of India’s richest women
Shaw leads list of self-made women
‘India can be a $100-bn PCBA hub by 2026’
India has the potential to become a $100 billion global manufacturing and export hub for printed circuit board assembly (PCBA) by 2026 — a key to redu
Webinar on exchange traded funds
ICICI Prudential Mutual Fund and The Hindu BusinessLine will conduct a webinar on the topic ‘Exchange Traded Funds (ETFs) – Simplified’, on December 5
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RBI likely to hold rates amid inflation: Things to watch out for
A spike in consumer prices forced the panel to pause after cutting rates by 115 basis points this year, although it’s expected to conserve some ammunition to support growth by retaining an accommodative stance for the near future.
Standard Life Aberdeen sells 1.37% stake in HDFC Life for Rs 1,703 cr
The shares sold constituted 1.37% of the paid-up, issued equity share capital of HDFC Life. The remaining shareholding of Standard Life (Mauritius Holdings) in HDFC Life is now 8.89%, it added.
FII flows could remain strong going forward given India’s growth story
After record flows in November, FII investments could remain strong going forward as well as India’s growth story, but December may be weak on end-of-year holiday season.
Dollar is dropping to multi-year lows against peers, one by one
With optimism over U.S. stimulus talks, bets on a successful roll-out of vaccines and China’s economic rebound driving bets for global growth, demand for the world’s reserve currency has fallen.
7 stocks that analysts say can offer solid returns in 3-4 weeks
Sensex, Nifty scaled record highs on Thursday, led by banks and RIL, as Covid-19 vaccine developments globally and a slowing pace of virus spread at home supported investor sentiment. Both the indices have hit record highs in 10 o
View: Direct cash transfer is not the vaccine for reviving GDP. It’s not even the anti-viral remdesivir
Economists like Raghuram Rajan, Abhijit V Banerjee and Manmohan Singh, as well as politicians like P Chidambaram and Yogendra Yadav, have been advocating more cash be put in the hands of people. But they haven’t answered ‘How?’, ‘
RBI likely to keep interest rates unchanged, may revise growth projections: Industry experts
In its October monetary policy statement, the RBI had said the real GDP growth in 2020-21 was expected to be negative at (-) 9.5 per cent, with risks tilted to the downside: (-) 9.8 per cent in Q2:2020-21; (-) 5.6 per cent in Q3;
India revokes anti dumping duty on nylon tyre cord fabric
The duty was first imposed on such imports in June 2015. The Directorate General of Trade Remedies (DGTR) had in October recommended extending the duty of $520- 1100 per MT on the product for five years on grounds that there was a
1111
  Home Page Show All 
15-yr-old Indian-American Gitanjali Rao named first 'TIME Kid of the Year'
A brilliant scientist and inventor, Rao has been recognised for her astonishing work using technology to tackle issues ranging from contaminated drinking water to opioid addiction and cyberbullying
India's next Budget to focus on boosting growth, says FM Sitharaman
With the world's second-highest cases of coronavirus despite a severe lockdown of its 1.3 billion people early on in the pandemic, India's economy is expected to contract nearly 10% in the 2020-21
After being hit by pandemic, Indian economy now recovering gradually: IMF
India's economy, which was severely affected by the coronavirus pandemic, is gradually recovering, the International Monetary Fund said on Thursday
Centre, farmers make some headway; another meeting on Dec 5 to break logjam
A breakthrough in the farmer unions' key demand for an assurance on continuation of the Minimum Support Price (MSP) procurement system is also said to be in the works
Toyota to resume production with limited staff amid face-off with union
Though state labour dept ordered workers to call off strike and resume operations on Nov 19, company says less than 10% returned, forcing it to extend lockdown four days later
IndiGo scraps leave without pay for staff, says 70% pre-Covid level reached
On Wednesday, airline said it is operating 1,000 daily international and domestic flights
Charged up tycoons: Elon Musk's $139 bn fortune is one of many in EV biz
Overall, fortunes of the handful of people tracked by the Bloomberg index in the EV industry have increased by more than $140 billion -- including Musk's $111 billion surge.
Standard Life sells 27.8 mn shares to prune stake in HDFC Life to 8.89%
Deal struck at Rs 619.25 a share, raising Rs 1,720 cr; sale represents 1.38 per cent stake


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