Wednesday, Apr 21, 2021 | Last Update : 07:33 PM IST

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Economy

Hospitality sector coming back on track?

Hospitality industry sees signs of revival in September

Revenue per available rooms grew 12 to 14 per cent month-on-month to Rs 815 – Rs 935, as per the data from HVS and Anarock.

Forbearance represents emergency medicine that should be discontinued at the first opportunity when the economy exhibits recovery, the survey stated. (Representational Photo:DC)

Economic Survey 2021 calls for fresh asset quality review

Pandemic concessions to banks need a quick end

Union Finance Miniter Nirmala Sitharaman (PTI)

Govt to bring amendments to two Acts to enable privatisation of PSU banks

Finance Minister announced privatisation of Public Sector Banks (PSBs) as part of disinvestment drive to garner Rs 1.75 lakh crore

Representational image. (PTI)

Lockdown impact: GDP likely to contract by 9.6 per cent this year, says World Bank

However, the World Bank said that the response of the government of India to the COVID-19 outbreak was swift and comprehensive.

Seen any lately? RBI says the number of Rs 2,000 currency notes in circulation has come down from 33,632 lakh pieces at the end of March 2018 to 27,398 lakh pieces at end of March 2020. (PTI file photo)

Don't jump, Rs 2000 currency notes slowly being phased out

As per RBI's latest annual report, the big note was not printed at all during 2019-20

Market

 Sensex surged 362 points on Thursday after the RBI left interest rates unchanged. (PTI Photo)

Sensex ends 362 points higher after RBI policy, Nifty tops 11,200

Tata Steel was the top gainer in the Sensex pack, rising around 4 per cent

 Representative Image. (AFP)

Oil prices slip after OPEC, allies agree to loosen supply curbs

OPEC+ agreed on Wednesday to scale back oil production cuts from August as the global economy slowly recovers from the coronavirus pandemic

In total, 28 memoranda Zof understanding, cumulative investment were signed between the companies and the Government of Tamil Nadu on Tuesday (Twitter@TataCompanies)

Tata Electronics to set up component-making plant in TN

These industrial parks will create employment opportunities for more than one lakh people, the government said

 Sensex surges nearly 400 pts in early trade; Nifty tops 11,500. (PTI Photo)

Markets open in green, Sensex up 400 points; Nifty above 11,500

IndusInd Bank was the top gainer in the Sensex pack, surging around 4 per cent

Companies

 The market valuation of ICICI Bank jumped by Rs 26,620.32 crore to Rs 2,82,550.05 crore, becoming the biggest gainer. (PTI Photo)

6 of top 10 firms add Rs 1.6 lakh crore in m-cap; ICICI, Kotak Bank top gainers

The market valuation of ICICI Bank jumped by Rs 26,620.32 crore to Rs 2,82,550.05 crore, becoming the biggest gainer

Representational Image (AP)

IT sector continues to see sequential growth in hiring in January: Report

Bengaluru and Hyderabad are the highest paying cities for IT jobs in India for the salary bracket of Rs 25 lakhs or more

In this 2012 file photo, a visitor walks into a Vodafone store in Bangalore. British telecom giant Vodafone Group plc on Sept. 25, 2020 won an arbitration against the Indian government over a demand for Rs 22,100 crore in taxes using retrospective legislation. (PTI)

India loses case on Vodafone retro tax

Rs 22,100 crore demand dismissed in global court

  Reliance Retail runs more than 10,000 stores selling apparel, groceries and electronics across India. (AFP Photo)

Amazon may buy 40% stake In Reliance Retail for $20 billion

Amazon has held talks about investing in Reliance Retail and expressed interest in negotiating deals but has made no decision, report said

Representational image (AFP)

When things go back to normal, pharma may come down to earth

The healthy performance in Q1FY21 is attributed to strong revenue growth in the API business

Autos

 The company said on June 26 that 140 of the roughly 8,000 staff at the factory had caught the virus and two had died. (PTI Photo)

Bajaj Auto unions demand factory halt after 250 workers test COVID-19 positive

It said work there would not be stopped, however, as the company wanted to learn to “live with the virus”

 India's car sales plunge. (PTI)

India's car sales plunge amid lockdown

Government last week sent India into a 21-day lockdown to try to curb the spread of the virus, forcing automakers to suspend manufacturing

 Bajaj Auto is witnessing a strong revival in demand for two-wheelers in the domestic as well as international markets. (PTI Photo)

Two-wheeler sales rebound, three-wheelers to take longer: Bajaj Auto

In April-June, the company sold 1,85,981 units in the domestic market, down 69.55 per cent from 6,10,936 units in the same period last year

 Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros in the second quarter. (AFP Photo)

Daimler Q2 loss widens on weak demand

CEO Ola Kallenius said it had worked to preserve cash reserves during a difficult time and was seeing “the first signs of a sales recovery”

In Other News

Petrol price on Thursday was hiked by 23 paise per litre and diesel by 26 paise a litre, according to a price notification from oil marketing companies. (PTI Photo/file)

Petrol price at all-time high, diesel crosses Rs 81 in Mumbai

State-owned fuel retailers IOC, BPCL and HPCL had on Wednesday resumed daily price revision after nearly a month-long hiatus

 PM Modi launches platform for Transparent Taxation - Honoring the Honest. (PTI Photo)

PM Modi unveils new tax platform, says tax paying to become seamless, painless, faceless

Faceless assessment & taxpayers charter come in force from today, whereas faceless service will be available from September 25, Modi said

 SBI's Q1 profit surges 81 pc to Rs 4,189 crore. (PTI Photo)

India's largest bank SBI net profit up 81% to ₹4,189 crore in Q1

Its gross non-performing assets (NPA) of the total advances declined to 5.44 per cent at June-end, over 7.53 per cent at June-end last year

 The IRDAI committee has also suggested that a Risk-based capital (RBC) approach should be adopted to enable the progressive growth of the microinsurance business while maintaining the highest prudential standards.

IRDAI panel bats for lower capital, liberal norms for floating microinsurance companies

The changes would require amendments to the Insurance Act, 1938 to bring the standalone microinsurance business under its purview

PTI representational image

SC asks Centre, RBI to file Kamath panel suggestions, decisions on loan moratorium

Kapil Sibal said that he wanted to file a detailed affidavit to the Centre's reply as there are certain facts which need to be dealt with