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LIVE: Govt-farmer unions’ meeting inconclusive; next talks on Jan 19

In Delhi, Himachal Pradesh and Uttar Pradesh, protestors raised slogans against the Centre, demanding the rollback of the three farm laws | Photo: @INCIndia Farmers’ protest LIVE updates Day 51: Protesting farmer unions stuck to their demand for a complete repeal of three contentious farm laws at their ninth round of talks with three central …

LIVE: Govt-farmer unions’ meeting inconclusive; next talks on Jan 19 Read More »

Sensex ends 549 pts lower: Top factors that dragged the markets lower

The Indian benchmark indices ended Friday’s session lower, down over 1 per cent, triggered by an across-the-board sell-off that saw all the Nifty sectoral indices ending the session in the red. Among headline indices, the S&P BSE Sensex tumbled as much as 788 points from the previous day’s close to 48,796 in the …

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MSTC hits record high on heavy volumes; zooms 61% in thus far in January

Shares of MSTC hit a record high of Rs 263.65, soaring 20 per cent on the BSE on Friday, in an otherwise weak market on the back of heavy volumes. Trading volumes on the counter more-than-doubled with a combined 2.9 million equity shares, representing 4.1 per cent of total equity of MSTC, changing …

MSTC hits record high on heavy volumes; zooms 61% in thus far in January Read More »

Budget Byte: Can the GDP fall increase Budgetary share of defence forces?

Defence pensions now increasingly demand more funds than supremely important capex In what is known but worrisome and gradual development, outgo on pensions to retired defence personnel takes up more Budget money than modernisation of army, navy and air force via capex. Though this may be a structural issue, raising more …

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Indonesia earthquake LIVE updates: 35 killed, hundreds dead in Sulawesi

Latest live news updates: A 6.2-magnitude earthquake on Indonesia’s Sulawesi island killed at least 35 people and injured hundreds on Friday, with the country’s meteorological agency warning of the risk of more aftershocks, potentially strong enough to produce a tsunami. Meanwhile, back home, polling in over 14,000 Gram Panchayats in 34 districts of Maharashtra is underway. …

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Supreme Court order on farm laws: None to praise and very few to love it

The Supreme Court’s judgment on the farmers’ agitation, is an interim order that, like Wordsworth’s Lucy, has none to praise, and very few to love it. The government side thinks that judges have overstepped the traditional doctrine of separation of powers, by interdicting legislation without a final ruling on constitutionality. The agitating farmers …

Supreme Court order on farm laws: None to praise and very few to love it Read More »

Tata Steel Long back in the black in Q3, posts PAT of Rs 304 cr; stk up 13%

Shares of Tata Steel Long Products hit a fresh 52-week high of Rs 810, zooming 13 per cent on the BSE on Friday, after the company reported a consolidated net profit of Rs 304 crore for the quarter ended December 2020 (Q3FY21), on the back of strong operational performance. The Tata group company …

Tata Steel Long back in the black in Q3, posts PAT of Rs 304 cr; stk up 13% Read More »

HCL Tech Q3 PAT jumps 35% YoY to Rs 3,969 cr; ups revenue guidance to 3%

HCL Technologies on Friday posted a 34.8 per cent year-on-year (YoY) jump in its consolidated net profit to Rs 3,969 crore for the December 2020 quarter (FY2021) from Rs 2,944 crore posted in the same period last year. While sequentially, the figure rose 26.2 per cent. Meanwhile, the revenue for the …

HCL Tech Q3 PAT jumps 35% YoY to Rs 3,969 cr; ups revenue guidance to 3% Read More »

MARKET LIVE: Weak start on cards on weak global cues; HCL Tech Q3 nos today

: The US stocks reversed their gains on Thursday on concerns about the details of the stimulus package and bleak US jobs data  The Dow Jones Industrial Average fell 0.22 per cent, the S&P 500 lost 0.38 per cent, and the Nasdaq Composite dropped 0.12 per cent. Consequently, Asian stocks and US …

MARKET LIVE: Weak start on cards on weak global cues; HCL Tech Q3 nos today Read More »