Business

  • Sensex, Nifty likely to remain volatile in the run-up to Budget
    By Gyanendra Kumar Keshri Mumbai [India]: As the countdown to the Union Budget 2022-23 has begun, the Indian equities market is likely to remain volatile in the week beginning Monday.Market participants will try to envisage the reforms and measures that could be announced by Finance Minister Nirmala Sitharaman in the budget to be presented on February 1 and make speculative trading decisions. The Indian stock markets have historically been volatile with negative bias in the fortnight preceding the presentation of the union budget. Bears were in full control of the Dalal Street during the week ended January 21. Snapping four-week of winning run the benchmark indices – Sensex and Nifty – slumped around three-and-a-half per cent during the week. The key indices sustained heavy losses for the four out of the five trading sessions of the week. The benchmark Sensex lost 2,185.85 points and the Nifty slumped 638.6 points or 3.5 per cent during the week ended January 21. The Indian stock markets witnessed heavy selling during the week on negative cues from the global markets amid speculations that the US Federal Reserves would hike policy rates sooner than expected. Major indices across the world witnessed heavy losses during the week. Nasdaq Composite Index lost 7.6 per cent during the week. S&P 500 lost 5.7 per cent. The rate hike speculation led to increase in bond yields. The US as well as Indian bond […]
  • ICICI Bank net profit rises 25 per cent to Rs 6,194 crore
    Mumbai (Maharashtra) [India] (ANI): ICICI Bank on Saturday said its net profit rose to Rs 6,194 crore ($833 million) in the third quarter of the current financial year, posting a year-on-year growth of 25 per cent. The bank’s core operating profit (profit before provisions and tax, excluding treasury income) increased by 25 per cent year-on-year to Rs 10,060 crore ($1.4 billion) in the third quarter of 2021-22 from Rs 8,054 crore ($1.1 billion) in the quarter ended December 31, 2020.Net interest income increased by 23 per cent year-on-year to Rs 12,236 crore ($1.6 billion) in October-December 2021 quarter from Rs 9,912 crore ($1.3 billion) in the corresponding period of previous year. The bank’s net interest margin stood at 3.96 per cent in Q3 of 2021-22 compared to 3.67 per cent in Q3 of 2020-21 and 4.00 per cent in the quarter ended September 30, 2021. Non-interest income, excluding treasury income, increased by 25 per cent year-on-year to Rs 4,899 crore ($659 million) in Q3 of 2021-22 from Rs 3,921 crore ($527 million) in Q3 of 2020-21. The retail loan portfolio grew by 19 per cent year-on-year and 5 per cent sequentially, and comprised 61.3 per cent of the total loan portfolio at December 31, 2021. Including non-fund outstanding, the retail loan portfolio was 51.3 per cent of the total portfolio at December 31, 2021. Total deposits increased by 16 per cent year-on-year and 4 […]
  • Piyush Goyal asks Indian industry to target 75 unicorns in 75 weeks to mark 75th anniversary of Independence
    New Delhi [India] (ANI): Union Commerce and Industry Minister Piyush Goyal on Friday called upon the Indian industry to aim for raising 75 unicorns in the next 75 weeks to mark the 75th anniversary of Independence.“We have added 43 unicorns in 45 weeks, since the start of ‘Azadi ka Amrit Mahotsav’ on 12th March, 2021. Let us aim for at least 75 unicorns in this 75 week period to 75th Anniversary of Independence,” Goyal said while releasing the NASSCOM Tech Start-up Report 2022. Goyal said Startup India started a revolution six years ago and has now become a common household term. Indian Startups are fast becoming the champions of India Inc’s growth story, he added.“India has now become the hallmark of a trailblazer & is leaving its mark on global startup landscape. Investments received by Indian startups overshadowed pre-pandemic highs. 2021 will be remembered as the year Indian start-ups delivered on their promise, – fearlessly chasing opportunities across verticals – Edtech, HealthTech & AgriTech amongst others,” he said.Goyal lauded Information Technology Enabled Services (ITES) industry including the Business Process Outsourcing (BPO) sector for the record services exports during the last year.“Services Export for Apr-Dec 2021 reached more than $178 billion despite the COVID-19 pandemic when the travel, hospitality and tourism sectors were significantly down,” he said.He pointed out that Prime Minister Narendra Modi has declared 16th January as the National Startup Day, showing his […]
  • Sensex down by 706 points
    Mumbai (Maharashtra) [India], : Equity indices opened in red on Friday with the Sensex down by 706.25 points and Nifty down by 203.50 points. The 30-scrip BSE Sensex was down by 706.25 points or 1.19 per cent at 58758.37 at 9.20 am.Similarly, 50-scrip NSE Nifty was trading at 17553.50 at 9:20 am, down by 203.50 points or 1.15 per cent. (ANI)
  • Real estate sector hopes Union Budget 2022-23 to help sustain growth momentum
    New Delhi [India] (ANI): For the Indian real estate sector, the year 2020 was a testing year but it made a strong comeback in 2021. The sector has big expectations from the Union Budget 2022-23 which is scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1.Most developers have high expectations from the budget and expect that it will provide a push to the residential segment as well as the rental housing. Many industry experts are anxious about the rising cost of raw materials and expect the government to intervene in this regard. “Growth in the real estate sector is essential for the growth of the economy. We are hoping that the government will introduce deep policy reforms that will help in accelerating the growth in real estate, especially at this juncture,” said Aditya Kushwaha, CEO and Director, Axis Ecorp.Kushwaha pointed out that the COVID-19 pandemic has played a significant role in changing the perception of home-ownership for all, especially for the NRIs.In the last couple of years, the demand from the NRI segment has risen sharply. In order to encourage this segment, we propose that the government should consider revising the applicable tax deducted at source (TDS) on property transactions for NRIs, he said.“This will not only boost investment in the sector but also help our country to build its forex reserves. There has been an uptick in rental housing as […]
  • Indian stocks tumble for 3rd straight day; Sensex dips 634 points, Nifty down 1.01 per cent
    Mumbai [India]: The Indian equities markets key indices tumbled for the third straight day on Thursday dragged by heavy selling pressure in IT, financial and energy stocks. The benchmark Sensex has lost 1,844 points in the last three sessions, while Nifty 50 has slumped 552 points. Negative global cues and a sharp rise in crude oil prices in the international markets have dampened investors’ sentiments.The 30 stock S&P BSE Sensex of the Bombay Stock Exchange closed at 59,464.62 points, which is 634.20 points or 1.06 per cent down from its previous day’s close at 60,098.82 points. The Sensex started the Thursday trade marginally down at 60,045.48 points, which also remained the highest level for the day. The index tumbled to a low of 59,068.31 points in the intra-day. The index has closed sharply down for the third straight day. The Sensex had lost 656 points and 554 points in the previous two sessions, respectively. The broader Nifty 50 of the National Stock Exchange closed at 17,757 points, which is 1.01 per cent or 181.40 points down from its previous day’s close at 17,938.40 points. The Nifty slumped to a low of 17,648.45 points in the intra-day trade. The Nifty has lost 552 points in the last three sessions. IT stocks witnessed heavy selling pressure for the third straight day. Infosys tumbled 2.33 per cent to Rs 1824.15. TCS slumped 2.25 per cent to Rs […]
  • Indian stock markets slump for 3rd straight day; Sensex down 516 points
    Mumbai [India]: The Indian equities markets key indices tumbled for the third straight day on Thursday dragged by heavy selling pressure in IT, financial and energy stocks. The 30 stock S&P BSE Sensex of the Bombay Stock Exchange was trading at 59,582.20 points at 11.12 am, which is 516.62 points or 0.86 per cent lower from its previous day’s close at 60,098.82 points.The benchmark Sensex is trading deep in the red for the third consecutive session. The Sensex had lost 656 points and 554 points in the previous two trading sessions, respectively. The Sensex started the Thursday trade marginally down at 60,045.48 points, which also remains the highest level for the day. The index slumped to a low of 59,565.94 points. The broader Nifty 50 of the National Stock Exchange was trading at 17,839.30 points, which is 0.55 per cent or 99.10 points down from its previous day’s close at 17,938.40 points. The Nifty slumped to a low of 17,817.65 points in the morning trade after opening in the positive at 17,921.00 points. IT stocks witnessed heavy selling pressure for the third straight day. Infosys tumbled 1.94 per cent to Rs 1831.50. HCL Technologies slumped 1.70 per cent to Rs 1178.75. TCS fell 1.09 per cent to Rs 3873. Other major Sensex losers included: HDFC 2.03 per cent down at Rs 2565.50; Bajaj Finserv 1.77 per cent down at Rs 17767; Reliance Industries 1.67 […]
  • Sensex slumps 656 points, Nifty down 174 points on weak global cues
    Mumbai [India] (ANI): The Indian equities markets’ key indices tumbled for the second consecutive day on Wednesday due to weak global cues. The benchmark Sensex slumped 656 points after losing 554 points in the previous day. Nifty plunged 174 points.There was heavy selling pressure in IT and FMCG stocks. Infosys tumbled nearly three per cent. Wipro fell two per cent. Hindustan Unilever and Nestle India both lost 2.41 per cent each. The 30 stock S&P BSE Sensex of the Bombay Stock Exchange closed at 60,098.82 points, which is 656.04 points or 1.08 per cent lower from its previous day’s close at 60,754.86 points.Earlier, the Sensex opened in the positive at 60,845.59 points and touched a high of 60,870.17 points. However, the index came under heavy selling pressure in the afternoon session. The Sensex dipped to a low of 59,949.22 points in the intra-day.The index has declined sharply for the second straight day. The Sensex lost 554.05 points or 0.90 per cent on Tuesday.The broader Nifty 50 of the National Stock Exchange slumped 0.96 per cent or 174.65 points to 17,938.40 points as compared with its previous day’s close at 18,113.05 points.The Nifty touched a high of 18,129.20 points and low of 17,884.90 points in the intra-day. The Nifty had lost 1.07 per cent or 195.05 points on Tuesday.IT stocks witnessed heavy selling pressure. Infosys slumped 2.77 per cent to Rs 1867.70. Wipro tumbled 1.91 […]
  • Equity indices open in red, Sensex down by 291 points
    Mumbai (Maharashtra) [India], (ANI): Equity indices opened in red on Wednesday with Sensex down by 291.40 points and Nifty down by 81.10 points. The 30-scrip BSE Sensex was down by 291.40 points or 0.48 per cent at 60463.46 at 9.19 am.Similarly, 50-scrip NSE Nifty was trading at 18031.90 at 9.19 am, down by 81.10 points or 0.45 per cent. On the Sensex, the sectors that were trading low including information technology, realty, healthcare among others. image – kshvid
  • Sensex tumbles 554 points on weak cues from US, European markets
    Mumbai (Maharashtra) [India] (ANI): The Indian equities markets benchmark Sensex slumped 554 points on Tuesday due to heavy selling pressure at the fag-end of the session on negative cues from the US and European markets.Heavy selling was witnessed in auto, metal, pharma and IT stocks. Maruti Suzuki tumbled over four per cent. UltraTech Cement slumped 3.54 per cent. The Index heavyweight Reliance Industries fell 1.23 per cent. The 30 stock S&P BSE Sensex of the Bombay Stock Exchange closed at 60,754.86 points, which is 554.05 points or 0.90 per cent lower from its previous day’s close at 61,308.91 points.Earlier the Sensex opened in the positive at 61,430.77 points and rose to a high of 61,475.15 points in the early morning trade. Later, the Sensex slipped into negative and again returned in the positive zone in the afternoon session.Massive selling towards the end of the session dragged the benchmark Sensex down to 60,662.57 points towards the end of the trading session.The broader Nifty 50 of the National Stock Exchange closed at 1.07 per cent or 195.05 points down at 18,113.05 points as compared with the previous day’s close at 18,308.10 points.The Nifty also opened in the positive at 18,337.20 points and witnessed volatile trading. The Nifty touched a high of 18,350.95 points and low of 18,085.90 points in the intra-day.There was heavy selling pressure in auto, IT, pharma and metal stocks. Maruti Suzuki slumped 4.05 […]
  • How to make a professional video resume
    New Delhi, [India]: Incorporating a video resume as supplement to your text resume adds value to your job application. Though it’s not mandatory to attach a video resume with your application but for some specific roles like television reporters, news anchors, public relation executives, radio jockeys, actors, teachers, soft skill trainers, front office executives attaching a video resume is advantageous. The reason is that the video resume provides the employers with additional inputs like communication and presentation skills of the applicant, and this helps in better decision making. The video resume should be shorts and should be aimed at telling the employer about the specific skills and experiences of the applicant matching the requirements of the employer.An applicant can create a common video resume or specific video resume depending on the job she/he is applying for. An applicant can make several video resumes if she/he has learnt several skills and should use specific video resume against each application. To make a video resume first an applicant should create a script. The script should be designed as per the requirement of the employer. For example, suppose an employer is looking for UI/UX Designer the script should focus on UI/UX design skills and experiences. If the employer is looking for someone who has the experience of both product and UI/UX design, then the applicant should mention both the skills. The applicant should read the advertised job […]
  • Sensex closes 86 points higher in choppy trade; Nifty soars past 18,300 mark
    Mumbai [India] (ANI): The Indian equities markets key indices witnessed choppy session on Monday as gains made due to buying support in the stocks like Maruti Suzuki, Tata Steel and TCS were offset by heavy selling in HCL Technologies and major private sector banks.The benchmark Sensex closed 86 points higher while Nifty 50 soared past 18,300 points mark. The 30 stock S&P BSE Sensex of the Bombay Stock Exchange closed at 61,308.91 points, which is 85.88 points or 0.14 per cent higher from its previous session’s close at 61,223.03 points.Earlier the Sensex opened marginally down at 61,219.64 points and fell to a low of 61,107.60 points and high of 61,385.48 points in the intra-day.The broader Nifty 50 of the National Stock Exchange closed at 18,308.10 points, which is 0.29 per cent or 52.35 points higher from its previous session’s close at 18,255.75 points.The Nifty also opened in the negative at 18,235.65 points and touched a low of 18,228.75 points and high of 18,321.55 points in the intra-day.There was strong buying support in auto, metal and IT stocks. Maruti Suzuki surged 2.08 per cent to Rs 8250. Mahindra & Mahindra soared 2.19 per cent to Rs 900.25. Tata Steel jumped 1.35 per cent to Rs 1229.70.UltraTech Cement jumped 2.78 per cent to Rs 7867.90. Other major Sensex gainers include TCS 1.26 per cent higher at Rs 4019.10; L&T 1.20 per cent higher at Rs 2069.35; […]