Business

69 firms allotted land near Jewar airport during pandemic, investments of over Rs 2,300 crore expected

Notwithstanding the COVID-19 outbreak, 69 firms were allotted industrial land near the upcoming Jewar airport between May and July, with officials expecting investments of over Rs 2,300 crore and creation of over 86,000 jobs in the region.

Rlys earned Rs 561 cr from ticketless travellers in 2019-20, revenue up by 38% in last 4 years

More than one crore passengers were fined for travelling without a ticket in 2019-20, earning the Railways a revenue of Rs 561.73 crore -- a growth of around 6 per cent over 2018-2019, an RTI application has found.

About 100 'benami' assets with links to retired govt officials unearthed after I-T raids in Bhopal: CBDT

The Central Board of Direct Taxes (CBDT) said documents seized during the searches launched at various locations in Bhopal on Thursday indicate that a "huge amount of undiclosed cash" was used to purchase these suspect properties over the last six years.

Rishi Sunak warns of 'difficult decisions' as UK debt hits 2 trillion pounds

Sunak, who has been leading the country's economic response to the crisis with a series of measures such as job retention and loan schemes, said the figures from the Office for National Statistics (ONS) are a “stark reminder” that public finances need to be reined in.

Nifty, Sensex rise on hopes of business revival, global rally

The Nifty 50 ended up 0.53% at 11,371.60, about 0.3% shy of its more than five-month closing high on Wednesday.

Global oil prices dip on sluggish coronavirus recovery

In another sign of the sluggish nature of recovery, India’s crude oil imports fell in July to their lowest since March 2010 amid renewed coronavirus lockdowns and refinery maintenance.

Euro drops as business recovery stutters in August

Flash euro zone manufacturing and services purchasing managers index (PMI) numbers for August were worse than expected. IHS Markit’s flash Composite Purchasing Managers’ Index, seen as a good gauge of economic health, sank to 51.6 from July’s final reading of 54.9.

5 ways to invest in gold in India amid coronavirus pandemic

Gold possesses all the qualities a conventional investor would look for in an asset. While the gold market has seen a fall in the prices of gold several times, it always makes a strong upturn, even outperforming stocks and bonds over certain stretches.

Coronavirus: Economic slowdown leaves India’s aspiring middle class in limbo

The coronavirus pandemic?came as a crushing blow to the dreams of millions of middle class people in India and worsened?India’s economic woes since early 2020.?

Mark Zuckerberg’s net worth crosses $100 billion after Facebook shares jump

Facebook's?shares rose 2.4 per cent at closing on Thursday, resulting in a rise of $2.3 billion in Zuckerberg’s net worth.?His net worth currently stands at $102 billion.

Sensex, Nifty jump as Wall Street rally supports upbeat mood

Every stock on India’s NSE Nifty 50 index was trading higher on Friday, led by a roughly 0.7% jump each in conglomerate Reliance Industries Ltd and HDFC Bank Ltd.

India's crude imports fall to lowest in over a decade in July

Crude oil imports last month slumped about 36.4% from a year earlier to 12.34 million tonnes, or 2.92 million barrels per day, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed.

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