Friday, Feb 22, 2019 | Last Update : 05:05 AM IST

Economy

Fiscal and monetary policies are turning expansionary but are unlikely to change the near-term trajectory,says Nomura brokerage.

Lose fiscal, monetary policies not to boost economy; growth to slow down to 6-6.5pc

Fiscal and monetary policies are turning expansionary but are unlikely to change the near-term trajectory,says Nomura brokerage.

On February 14, the government had announced a 7 per cent increase in the minimum support price to Rs 31 per kg from Rs 29 for sugar. (Representational image)

MSP hike to boost sugar mills' margins 300-400 bps: Report

This will lead to incremental domestic sales realisation of Rs 3,300 crore: Crisil.

The funds will be used for lending to individual women entrepreneurs in sectors such as agriculture, food processing, services and manufacturing. (Photo: File)

WB, Sidbi, UN arm, Tatas launch Women's Livelihood Bonds

The fund to be raised through this bond will be around Rs 300 crore in multiple tranches over the next three months.

Rajasthan Chief Minister Ashok Gehlot. (Photo: File)

Gehlot seeks Rs 1000 crore under MGNREGA from Centre

Rajasthan is among the top states to implement MGNREGA scheme and nearly 42.33 lakh rural families have been given work under the scheme.

Secretary in Department of Investment and Public Asset Management (DIPAM) Atanu Chakraborty had earlier said DIPAM would conduct a study to provide risk-free investment option to retail investors in the form of sector-specific ETFs. (Photo: AFP/Representational)

Govt may launch exchange traded fund of PSU bank stocks next fiscal

The government has raised Rs 32,900 crore through Bharat-22 ETF since 2017, and Rs 28,500 crore from CPSE ETF since 2014.

Market

US crude oil stocks rose by 1.3 million barrels to 448.5 million barrels in the week to Feb 15.

Oil hovers near 2019 highs amid OPEC cuts

Oil prices have been driven up this year by supply cuts led by the Organisation of the OPEC.

The rupee had closed at 71.34 versus the greenback Monday. Money markets were closed Tuesday on account of Chhatrapati Shivaji Jayanti. (Photo: PTI)

Rupee rises 3 paise to 71.31 vs USD

At the Interbank Foreign Exchange (forex) market, the domestic unit opened strong at 71.29 but gave up the gains to trade at 71.31.

The Sensex shed 145.83 points or 0.41 per cent to settle at 35,352, while the Nifty 50 Index fell 36.60 points or 0.34 per cent to close at 10,604. (Photo: File)

Nifty’s support shifts to 10583 points

The broader market outperformed as the Mid-Cap and Small-Cap indices rose 0.51 per cent and 0.33 per cent respectively.

The broader NSE Nifty gained 54.40 points, or 0.51 per cent, to 10,789.85. (Photo: PTI)

Sensex ends 142 points higher; pharma, metal stocks rally

The 30-share Sensex settled 142.09 points, or 0.40 per cent higher at 35,898.35.

Companies

The product is used to prevent or treat attacks of gout, it added. (Photo: Twitter)

Zydus receives USFDA nod for 2 products

The company has received final approval from the United States Food and Drug Adminstration (USFDA) to market generic Phytonadione tablets.

As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held. (Photo: File)

Merger of Vijaya Bank and Dena Bank with BoB to be effective from Apr 1

This scheme may be called the Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda Scheme, 2019, BoB said.

The regulator stopped short of recommending cancellation of their telecom licences saying it may lead to significant consumer inconvenience. (Photo: Twitter)

DCC to take call on Rs 3,050-cr penalty on Airtel, Vodafone, Idea on Thursday

The penalty on Airtel and Vodafone works out to about Rs 1,050 crore each, while in case of Idea Cellular it comes to about Rs 950 crore.

The promoter (Government of India) said additional offering period of Bharat 22 ETF was opened and closed on February 14, 2019. (Photo: File)

Coal India gets Sebi exemption for share buy back programme

Coal India had filed an application on February 12 with sebi seeking exemption from the strict enforcement of the buyback norms.

Shares of India’s state-run banks jumped on Thursday, a day after the government said it will inject 482.39 billion rupees. (Photo: Twitter)

State-run banks' shares jumped after government announced fund infusion

The government had in October 2017 said it would infuse a total 2.11 trillion rupees into state-run lenders over two years.

Autos

As on date, the Vitara Brezza commands 44.1 per cent market share in the compact SUV segment, MSI claimed. (Photo: File)

Maruti's compact SUV Vitara Brezza crosses 4-lakh sales milestone

In the ongoing fiscal, the company said, the model has grown at an average of 7 per cent with a monthly average of sales of 14,675 units.

 The programme covers periodic services, minor repairs, dry wash and car cleaning at a location of the customer's preference.

Hyundai commences doorstep repairs and servicing

Hyundai’s ’Door-Step Advantage’ service covers 475 locations across India.

The CBR650R will replace the CBR650F and if you have booked the old bike, your name will be updated in the list for the new one.

Unofficial bookings for 2019 Honda CBR650R Commence

A few Honda dealerships have started accepting bookings for the 650cc fully-faired sports bike.

Though aimed at fleet owners, the CNG Aspire can also be bought as a passenger car.

Ford launches CNG variants of Aspire; prices begin from Rs 6.27 lakh

The CNG-equipped versions are available at a premium of Rs 72,414 and Rs 52,414, respectively.

In Other News

The proposal has been made following a private family arrangement to provide for family succession and welfare of Mehta Family. (Photo: File)

Sebi exempts 2 family trusts related to Navkar Corporation from making open offer

Nemichand Mehta Family Trust and Shailaja Mehta Family Trust had sought exemption from the obligation of making open offer.

Under the partnership, NIIT Technologies will directly manage the entire lifecycle for its enterprise customers, including commercials, and support and deliver integrated end-to-end solutions as a managed service on Microsoft's Azure cloud platform. (Photo: AP)

NIIT Tech partners Microsoft to help clients in 'cloudification'

n collaboration with Microsoft, we will focus on the comprehensive cloud needs of enterprises from infrastructure to business applications.

An increase in number of subscribers for BSNL has come at a time when the government has asked the PSU to explore options, including shutting down operations, due to heavy losses. (Photo: AFP)

Only Jio, BSNL add mobile users in Dec, Voda Idea lost maximum: Trai

Reliance Jio added 85.64 lakh users, BSNL added 5.56 lakh customers to their network.

Comments come weeks after the government floated draft social media rules which seek to look at social media giants like Facebook and Twitter. (Photo: AFP)

New social media norms: Prasad assures widest possible talks

Prasad launched a report on the country's trillion dollar digital opportunity.

Through this MoU, housing department of Maharashtra will make provisions and facilitate permissions for IIFL HFL to educate customers and enlighten them about the benefits of PMAY. (File picture)

IIFL Home Finance, Maharashtra govt sign MoU for building houses under PMAY

Under the agreed terms and conditions, IIFL HFL will be able to conduct on the spot counselling for home buyers.