Indian equities are entering this week in a cheerful mood, courtesy to positive local and global cues. The earnings season kicked off on an upbeat note after IT major TCS announced robust second-quarter earnings. On the global front, updates on the US stimulus package and upcoming Presidential debates will provide support to the markets
Mazgaon dock Shilpbuilder, the country’s largest defense company, started off very positive on its first-day trade with a terrific 49 percent premium on October 12.
SC hearing on waiver of interest on interest charges is due tomorrow, 13 October – In its affidavit, the Centre said that due to unprecedented conditions “the only solution is for the government to bear the burden of waiving of interest” and that it will seek Parliament’s approval for the decision.
India’s agricultural exports have jumped in Covid times. Export of important agricultural commodities in the primary six months of the present fiscal rose 43.4% to Rs 53,626.6 crore from Rs 37,397.three crore in the identical interval final 12 months.
Also read: 4 Important Financial Lessons Learned From COVID-19 – Fintoo Blog
The issue price for the sovereign gold bond has been fixed at Rs 5,051 per gram of gold, the Reserve Bank of India (RBI) said in a statement on Friday.The Sovereign Gold Bond Scheme 2020-21-Series VII will be opened for subscription from October 12 to October 16.
Auto developments : The Delhi government has exempted road tax on its battery-operated vehicles under its new Electric Vehicle Policy, Delhi Transport minister Kailash Gahlot said on Sunday
Shares of mining firm Vedanta hit the lower circuit as they tumbled 10 percent on Monday after its delisting offer failed to garner enough bids on the bourses.
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