The Cabinet Committee on Economic Affairs has approved the demerger of National Mineral Development Corporation (NMDC) and Nagarnar Steel Plant. Both will be separate companies. The Nagarnar Steel Plant of Chhattisgarh will be disinvested later. On Wednesday, the beginning of Indian stock markets has been flat due to weak international signals. The Bombay Stock Exchange Sensex opened 2 points down at 40,623. After being in the red mark for several hours, the stock market took a tremendous turn after around 2.45 pm. At the end of trading, the Sensex gained 169.23 points to close at 40,794 and the Nifty gained 36.55 points to end at 11,971.

Women traders are getting benefit of Pradhan Mantri Mudra Yojana: Smriti Irani
Posted by: – Amit kumar Dubey
Union Minister Smriti Irani says that under the Pradhan Mantri Mudra Yojana, 15 crore women across the country have received guaranteed free loans. He said that more than 6 lakh women have got employment opportunities in the manufacture of Personal Protective Clothing (PPE).

10:22 PM
(One hour ago)
China capitalizes on the opportunity to improve the economy
Posted by: – Amit kumar Dubey
Geeta Gopinath said that the biggest reason for the improvement in China’s economy is that this country has done a lot of tests to control the corona. After that, when the world was struggling with Corona crisis, China was exporting medical acupments on a large scale. Due to which the economy did not deteriorate.

The reason for the strengthening of China’s economy
The reason for the strengthening of China’s economy

10:20 PM
(One hour ago)
Indian economy has the ability to recover fast: Geeta Gopinath
Posted by: – Amit kumar Dubey
In a special conversation with India Today, IMF Chief Economist Geeta Gopinath said that the Indian economy has the potential to recover rapidly. So it is expected that from the second quarter the situation will start changing. He said that 8.8 percent of GDP growth forecast for FY 2021-2022 is not a difficult figure. India can surprise if the right steps are taken.

7:24 PM
(4 hours ago)
Infosys profits up 21 percent year-on-year
Posted by: – Amit kumar Dubey
India’s second largest software company Infosys has announced its second quarter results. Infosys’ consolidated profit for the quarter was 14.4 per cent sequentially at Rs 4,845 crore. On an annual basis, the company’s profit has increased by nearly 21 per cent to Rs 4845 crore.

5:15 PM
(6 hours ago)
7000 crore loss due to Corona crisis
Posted by: – Amit kumar Dubey

Future Group founder Kishore Biyani said on Wednesday that the first three-four months of the Corona epidemic caused a revenue loss of about Rs 7,000 crore due to the closure of domestic retail stores, forcing him to sell his business to Reliance Industries. He said that the biggest problem due to the closure of the store is not the rent, but the interest of the loan.

4:46 PM
(6 hours ago)
Government will buy cheap oil from abroad
Posted by: – Dinesh Agrahari
Union Minister Javadekar said that the Cabinet has approved an allocation of Rs 3,874 crore to the Petroleum Ministry for purchasing crude oil from the foreign market at a cheaper rate. He told that UAE’s Abu Dhabi National Oil Company has large oil reserves in India. The company is bearing the expenses for this. This has increased India’s oil security. Therefore, the government has also approved several necessary changes to make the business in its storage center easy.

4:16 PM
(7 hours ago)
Demerger of NMDC and Nagarnar Steel Plant approved
Posted by: – Dinesh Agrahari
The Cabinet Committee on Economic Affairs has approved the demerger of National Mineral Development Corporation (NMDC) and Nagarnar Steel Plant. Both will be separate companies. The demerger will be completed by April. There will be subsequent disinvestment of the Nagarnar Steel Plant in Chhattisgarh, which will be done by September 2021.

3:52 PM
(7 hours ago)
Market closed at a rapid pace
Posted by: – Dinesh Agrahari
After opening flat and remaining in the red mark for several hours, the stock market took a tremendous turn after around 2.45 pm. At the end of trading, the Sensex gained 169.23 points to close at 40,794.74 and the Nifty gained 36.55 points to end at 11,971.05.

 

3:29 PM
(8 hours ago)
The stock market has reversed
Posted by: – Dinesh Agrahari
The stock market, which is running in the red mark, has reversed after 2.45 pm. By 3.20 pm, the Sensex rose by 237 points to reach 40,862. Similarly, the Nifty rose by 54 points to 11,988 by 3.20.

2:36 PM
(8 hours ago)
Karnataka Bank shares rose 6 percent
Posted by: – Dinesh Agrahari
Private sector Karnataka Bank shares rose 6 percent on Wednesday in the stock market. The company has announced quarterly results a day before, in which its profit has increased by about 13 per cent. During the afternoon trading, its stock rose nearly 6 per cent to 44.55.

1:14 PM
(10 hours ago)
Cabinet, CCEA meeting over, press conference to be held at 4 pm
Posted by: – Dinesh Agrahari
The meeting of the Union Cabinet and the Cabinet Committee on Economic Affairs is over. Information about what important decisions have been made in this will be given in a press conference at 4 pm.

12:15 PM
(11 hours ago)
Wholesale inflation also increased in September
Posted by: – Dinesh Agrahari

Wholesale inflation has also risen to 1.32 percent in September. It was 0.33 per cent in the same period a year ago in September 2019. Earlier in September, retail inflation reached an eight-year high of 7.34 percent.

12:12 PM
(11 hours ago)
Cabinet and CCEA meeting begins
Posted by: – Dinesh Agrahari
The important meeting of the Union Cabinet and the Cabinet Committee on Economic Affairs has started. According to several media reports, a decision can be taken on the demerger proposal of NMDC in today’s meeting. Similarly, a big decision can be taken on making crude oil reserve.

11:49 AM
(11 hours ago)
India can lag behind Bangladesh in per capita GDP
Posted by: – Dinesh Agrahari
India may lag behind Bangladesh in per capita GDP in 2020. This will be due to the huge decline in the economy due to Corona crisis. According to a report by the International Monetary Fund (IMF), Bangladesh’s per capita GDP could be $ 1,888 this year, while India’s per capita GDP could only be $ 1,877.

IMF

10:18 AM
(13 hours ago)
Stock market declines grew
Posted by: – Dinesh Agrahari
After the flat start, the decline of Indian stock market is increasing. By 10 am, the Sensex dropped by 236 points to reach 40,389. The Nifty dropped by 82 points to 11,852.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here