Brokerages turn bullish on Tata Steel, raise target price

CLSA said leverage concern for Tata Steel is now a thing of the past. “We see structural strength in Tata’s balance sheet. Even in a stressed case scenario where we assume FY22/23 Ebitda (earnings before interest, taxes, depreciation and amortisation) to ...
Economic Times, 23 hour(s) ago
Also from: NDTV, Rediff.com and 2 other sources

Sensex in green for 3rd straight day; ends up 257 points

HDFC was the top gainer in the Sensex pack, spurting over 2 per cent, followed by Bajaj Finserv, M&M, NTPC, Bharti Airtel, UltraTech Cement and ONGC. NSE Nifty rose 98.35 points to 14,823.15. Extending its winning run to the third session, equity benchmark Sensex advanced 257 points on Friday, tracking gains in index majors HDFC twins, ITC and Bharti Airtel amid a positive trend in global markets. The 30-share BSE index ended 256.71 points or 0.52 per cent higher at 49,206.47.   ...
Rediff.com, 1 day(s) ago
Also from: NDTV, Equitymaster.com and 2 other sources

Reliance Capital Q4 Results: Loss narrows to Rs 1,649 crore

On a standalone basis, Reliance Capital posted a loss of Rs 3,865 crore as against Rs 2,501 crore at the end of same quarter a year ago.
Economic Times, 12 min(s) ago
Also from: NDTV, Rediff.com and 1 other source

HDFC to off-load 0.62% stake in general insurance subsidiary

HDFC has entered into a share purchase agreement for sale of 44,12,000 equity shares of Rs 10 each, representing 0.62 per cent of the issued and paid-up share capital of HDFC Ergo.
Economic Times, 12 min(s) ago
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Spain ends Covid-19 state of emergency

Spain has lifted a state of emergency in place since October to fight the pandemic, allowing Spaniards to travel between regions for the first time in months. I was fed up with not being able to get out of Madrid, jewellery designer Blaca Valls told AFP on ...
Economic Times, 33 min(s) ago
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EU invites 'concrete' US plan on lifting Covid vaccine patents

European Council chief Charles Michel, attending an EU summit in Portugal, said the bloc was ready to discuss a US offer to suspend patent protection on vaccines — once the details are clear. “We are ready to engage on this topic, as soon as a concrete ...
Economic Times, 1 hour(s) ago
Also from: Economic Times

SC sets up task force for 'equitable' distribution of O2

The Supreme Court on Saturday constituted a 12-member national task force to ensure that allotment of medical oxygen to states and Union Territories is done on a “scientific, rational and equitable basis”.A division bench comprising Justices DY ...
Economic Times, 1 hour(s) ago
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Covid-19 infects white-collar job market

The enormity of the second Covid-19 wave has broken down the hiring ecosystem in India’s white-collar job market.While many companies across sectors had started going slow on their hiring plans over the last one month by deferring interviews, job seekers ...
Economic Times, 2 hour(s) ago
Also from: Times of India, Economic Times

India, EU announce Connectivity Partnership to checkmate China

This is India's first such connectivity initiative with any foreign partner that will cover three geographical zones and therefore has global ramifications amid BRI that has pushed certain countries into debt trap. The EU-India Connectivity Partnership covers ...
Economic Times, 3 hour(s) ago
Also from: Economic Times

Congress presses for national lockdown to arrest COVID-19 spread

Congress leader Rahul Gandhi hit out at Prime Minister Narendra Modi for “not utilising the vaccination budget”. Vaccine budget- underutilized. Human life- undervalued. Because PM's ego- overinflated, he tweeted, tagging a media report which claimed ...
Economic Times, 11 hour(s) ago
Also from: Times of India, Economic Times