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in BUSINESSDr Reddy’s Q4 profit jumps 76% to Rs 764 cr on higher sales in US, Europe; revenue up 10% at Rs 4,432 cr
Hyderabad: Dr Reddy’s Laboratories Ltd on Wednesday reported a net profit of Rs 764 crore during the January to March quarter, up 76 percent from Rs 434 crore in the corresponding quarter of the previous financial year. #4QWithCNBCTV18 | @drreddys’ net profit for the quarter-ended March propelled by a tax credit for Rs 50 cr […] More
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Carbon emissions amid Covid-19 pandemic fell 17 percent globally, even higher in some countries: Study- Technology News, Firstpost
tech2 News StaffMay 20, 2020 11:18:02 IST A new study by researchers at the University of East Anglia, UK claims that daily carbon emission levels have dropped by a whopping 17 percent owing to the drop in activity during the coronavirus pandemic. The paper adds that the last time emission levels were seen to be this low was in 2006. The study published […] More
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in BUSINESS
Why is Sensex rising: RIL, ITC drive Sensex 300 points higher; Nifty tests 8,950
NEW DELHI: Domestic benchmark indices built on the gains in the previous session, however, further upside was capped due to the fast rising Covid-19 cases that increased the concerns of investors on Dalal Street. Oil-to-telecom behemoth Reliance Industries, ITC and HDFC twins were the top index contributors in early session. India has recorded over 1.06 […] More
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in BUSINESS
Employees’ Provident Fund contribution can go higher than 10%, not of employers: Labour ministry
New Delhi: The labour ministry on Tuesday said employees can contribute more than the newly set limit of 10 percent of basic wages to their provident fund (PF) for the next three months, but employers don’t need to match the higher contributions. In a statement, the ministry said, “Under the EPF Scheme, 1952, any member […] More
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in BUSINESSRupee surges 25 paise to 75.66 on encouraging results in COVID-19 vaccine trial, higher opening of domestic equities
Mumbai: The rupee appreciated 25 paise to settle at 75.66 (provisional) against the US dollar on Tuesday as reports of initial success in the COVID-19 vaccine trial boosted investor sentiment world over. Forex traders said besides the encouraging results in a COVID-19 vaccine trial, a higher opening of domestic equities and a weak greenback in […] More
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in BUSINESS
U.S. stock markets move sharply higher on COVID-19 optimism
U.S. stocks bounced back from their worst week in nearly two months Monday as optimism about a potential vaccine for the coronavirus and hopes for an economic recovery in the second half of the year put investors in a buying mood. The S&P 500 was up 3.5 per cent, on track for its best day […] More
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in NEWS
China’s Wuhan Says Conducted 3,35,887 Covid-19 Tests on May 17, Over 1 Lakh Higher Than Previous Day
Residents wearing face masks line up for nucleic acid testings at a residential compound in Wuhan, the Chinese city hit hardest by the coronavirus disease (COVID-19) outbreak, Hubei province, China May 17, 2020. REUTERS/Aly Song Wuhan kicked off a campaign on May 14 to look for asymptomatic carriers after confirming earlier in May its first […] More
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MediaTek Dimensity 820 unveiled: higher CPU clock speeds, extra GPU core and dual SIM 5G
MediaTek unveiled the Dimensity 820 chipset, a more powerful version of the Dimensity 800. Compared to the old chip, the new version increases CPU and GPU performance and improves the 5G connectivity. This is still a 7nm chip with four Cortex-A76 and four A55 cores. The difference is that the big A76 cores run at […] More
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in BUSINESS
BSE Sensex NSE Nifty LIVE Sensex Nifty Likely To Open Higher Tracking Global Markets Amid COVID-19
Trends on SGX Nifty indicate a positive opening for the index in India with a 54 points gain. The benchmark indices are likely to open in the green, post the 2 per cent correction witnessed in the previous session, tracking global markets. The Nifty futures were trading at 9,172, higher by 54 points, on the […] More
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in BUSINESS
Higher risk, uncertainty to support gold investment demand in 2020: WGC
Mumbai: Higher risk and uncertainty combined with lower opportunity cost will likely be supportive of gold investment demand in 2020, World Gold Council (WGC) said on Thursday. “This could offset the negative effect of lower consumer demand on gold performance as economic activity contracts,” miners’ lobby group said adding that gold’s behaviour thereafter may depend […] More
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in BUSINESS
Gold Rate Moves Higher After US Central Bank Chief Signals More COVID-19 Stimulus
US gold futures rose 0.7% to $1,719.50 per ounce Gold rose on Wednesday after Federal Reserve Chairman Jerome Powell pledged more stimulus measures if required to ease the economic blow from the coronavirus. Mr Powell said the US could face an “extended period” of weak growth and stagnant incomes and issued a call for more fiscal […] More
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in BUSINESS
Dow Jones share price: Dow Jones opens higher on hopes of economic recovery
US stocks opened higher on Tuesday on hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy, with investors also weighing the risks of reopening too soon. The Dow Jones Industrial Average rose 70.85 points, or 0.29 per cent, at the open to 24,292.84. The S&P 500 opened higher by […] More
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