Archive for February, 2016
02/23/2016
The Omicron variant of coronavirus could cause between 25,000 and 75,000 COVID-19 related deaths in the UK by April next year, if additional control measures were not taken, according to a modelling study. The yet-to-be peer-reviewed study suggests that Omicron has the potential to cause a wave of transmission in England that could lead to
02/23/2016
On the weekly FO expiry day, BSE Sensex and Nifty 50 were set to open in the positive territory. Amid heightened volatility, benchmark indices have been ending in the red for the last two days. Analysts say that the tepid start to the earnings season has led to profit-taking and global cues have also not
02/23/2016
PSU miner Coal India (CIL) aims to build up coal stock of at least 45 million tonne (MT) at power plants and of over 70 MT at its pit head by the end of this fiscal. The target for the stock at the plants would match the previous highest-ever stock in power plants, achieved in
02/23/2016
India has earned a foreign exchange revenue of approximately USD 35 million and 10 million euros from 2019-21 through the commercial launch of foreign satellites onboard Indian vehicles, the government said Thursday. Responding to a question in Rajya Sabha, Minister of State in the Department of Space and Department of Atomic Energy Jitendra Singh said
02/23/2016
Bloomberg: Airbnb Inc. shares more than doubled in their trading debut, propelling the home-rental company to about a $100 billion valuation and one of the biggest first-day rallies on record. The shares closed Thursday at $144.71 up 113% from the $68 initial public offering price. The listing came 10 months after the Covid-19 pandemic upended
02/23/2016
We interacted with Joint MD of Ipca Laboratories (Ipca), Ajit Jain. Highlights: (i) Confident of clocking market-beating growth in India as other therapies complement Zerodol. Getting aggressive in cardiac, which can become 25% (from 18%) of the overall pie; (ii) Rebuilding UK business through a direct approach, which should improve margin over the next 18
02/23/2016
Star Sports has roped in eight sponsors and many more key advertisers ahead of the commencement of the eighth season of vivo Pro Kabaddi League, marking the return of India The eight on-boarded sponsors include vivo, Tata Motors Commercial Vehicles, A23, Dream11, Mfine, Byju As per the broadcaster, Pro Kabaddi League Season 8 of vivo
02/16/2016
The Centre is planning to raise its capital expenditure substantially for a third straight year in the upcoming Budget for FY23, as it believes a sustained push to productive spending will stimulate growth and spur asset creation, a senior official told FE. The government is convinced of its high multiplier effect and job creation potential.
02/16/2016
Online broker Robinhood, one of the hottest venues in this weeks retail-trading frenzy, said it put temporary buying restrictions on a small number of securities as clearing house-mandated deposit requirements for equities increased ten-fold…the required amount we had to deposit with the clearing house was so large – with individual volatile securities accounting for hundreds
02/16/2016
Ease of Doing Business for MSMEs: Even as prices for different raw materials have increased multifold since Covid struck last year, the number of MSMEs supported under the government From 2,842 units offered credit support worth Rs 5,244 crore in FY21, the number declined to 2,699 units along with Covid-induced lockdown last year had led
