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Sensex, Nifty close at record high, media and energy stocks shine
Among the sectoral indices, media, energy, PSU bank, fin services...
TATA AIG General Insurance issues largest-ever Rs 100 crore of Performance Surety Bond
Deepak Kumar, senior executive vice president & head -...
ICICI Pru Q4 profit falls 64% to Rs 64 cr on pandemic addl provision
A Rs 7,400 crore of investment income — gains from the market–as against a loss of Rs 18,000 crore in January-March 2020 due to the pandemic, has helped it cushion the hit.
It also had a payout of Rs 265 crore, net of reinsurance for 205 claims from the pandemic deaths, chief executive and managing director N S Kannan told PTI on Monday in a post-earnings call.
Large no of Indian adults experienced cybercrime in past 12 months, says report
The report found 70 per cent respondents in India believed that remote work has made it much easier for hackers and cybercriminals to take advantage of people. About two-thirds (66 per cent) said they are more worried than ever before of being a victim of a cybercrime.
Centre working to save lives, livelihoods, FM Sitharaman tells India Inc
She is learnt to have also sought feedback on the impact on businesses and the Indian economy.
Same time around last year, the outbreak had badly hit the economy, which contracted 23.9 per cent in the first quarter (April-June) compared to the previous fiscal year (2019).
India reports daily rise in COVID-19 cases of 259,170
Non-stop cremations cast doubt on India’s counting of COVID dead
Reliable data is at the heart of any government response to the pandemic, without which planning for hospital vacancies, oxygen and medicine becomes difficult, experts say. Government officials say the mismatch in death tallies may be caused by several factors, including over-caution.
FPIs pull out Rs 4,615 cr from Indian markets in Apr so far
”The overall sentiments have got impacted due to the spread of coronavirus across multiple states as reflected in the fact that except for the Pharma Index, all sectoral indices ended in the red last week,” said S Ranganathan, head (research) at LKP Securities.
India reports 2,61,500 new COVID-19 cases, 1,501 deaths
Five states — Maharashtra, Chhattisgarh, Uttar Pradesh, Karnataka and Kerala — account for65.02 per cent of India’s the active cases.
The active number of cases in the country stands at 18,01,316. In the last 24 hours, 1,38,423 people recovered from the disease. With this, the total recoveries reached 1,28,09,643.
8 Indian states highly vulnerable to climate change: Report
The report, titled ‘Climate Vulnerability Assessment for Adaptation Planning in India Using a Common Framework’, which identifies the most vulnerable states and districts in India with respect to current climate risk and key drivers of vulnerability, was released by the Department of Science and Technology (DST) Secretary Ashutosh Sharma.
Himachal Pradesh, Telangana, Sikkim and Punjab have been categorized as lower-middle vulnerable states. Uttarakhand, Haryana, Tamil Nadu, Kerala, Nagaland, Goa and Maharashtra have been categorized as states with low vulnerability.
COVID-19 hits passenger vehicle exports; shipments tumble 39 pc in FY21
”While the exports of passenger vehicles had dropped by a whopping 58 per cent in the first half of FY21 due to the pandemic and resultant lockdowns, marginal improvement due to multitude of efforts by the OEMs in the second half of FY21 led to the year closing with an overall decline in exports of passenger vehicles by 39 per cent,” SIAM Director General Rajesh Menon told PTI.
Second Covid wave could spark greater economic uncertainty: Niti Aayog VC
“Apart from their direct impact on some sectors like the services sector, the second wave will increase the uncertainty in the economic environment which can have wider indirect effects on economic activities. So, we need to prepare for greater uncertainty, both in consumer and investor sentiments,” Kumar told PTI.