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Month: February 2022

Airtel falls 3% as investors Stock 

Airtel falls 3% as investors okay investment from Google, telco signs deal to up stake in Indus Towers

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Bharti Airtel’s share price shed 3 percent in early trade on February 28 after shareholders approved the issue of preferential shares to Google for its Rs 7,500 crore investment and the telecom company entered into an agreement with Vodafone Plc to buy equity interest in Indus Towers. Bharti Airtel will buy a 4.7 percent stake in Indus Towers from Vodafone Plc, the former said in an exchange filing on Friday. The transaction will be done on the condition that the amount paid shall be inducted as fresh equity in Vodafone…

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Russia-Ukraine crisis: India 

Russia-Ukraine crisis: Air India evacuation flight expected to land in Mumbai at 8 pm

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An Air India Boeing aircraft, which departed from the Chhatrapati Shivaji Maharaj International Airport here for Romanian capital Bucharest early morning on Saturday to bring back Indian citizens stranded in Ukraine due to the Russian military offensive, is expected to arrive here at 8 pm, the airport operator said. CSMIA, in a statement, also said it has blocked a special corridor for the arriving passengers. Air India flight AI-1944 had departed from Mumbai at 3.38 am and landed in Bucharest at around 10.45 am, an AI official had earlier said.…

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Indian rupee rebounds 32 paise Forex Analysis 

Indian rupee rebounds 32 paise to 75.28 against US dollar in early trade

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The rupee recovered 32 paise to 75.28 in early trade on Friday tracking positive domestic equities and stronger Asian peers. The local currency opened on a strong note at 75.31 to a dollar at the interbank foreign exchange market and inched higher to 75.28, registering a gain of 32 paise over its previous close. Forex traders said markets will continue to remain volatile, and investors continued to keep a watch on the latest developments in eastern Europe. On Thursday, the rupee tanked 99 paise to close at 75.60 against the…

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Crude oil tops $100 Commodity 

Crude oil tops $100 as Russian forces invade Ukraine; Gold prices rise sharply

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Global crude oil and gold prices soared on February 24 after Russian President Vladimir Putin announced military action in Eastern Ukraine but iterated that he does not plan to occupy Ukraine. Russia’s action comes days after the country recognized the independence of two separatist regions in Easter Ukraine following a speech by Putin. Oil prices, which have been on the boil in recent weeks over the Ukraine-Russia war, soared past the $100 per barrel in Brent futures for the first time since 2014 as traders feared further sanctions that could…

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SENSEX: What Is It and How Can You Invest in It?

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 What exactly is the SENSEX index, and how do you invest in it? The SENSEX is a market index made up of 30 stocks The Sensex, India’s oldest stock market tracker, also celebrated its 42nd birthday. The Sensex was first introduced in 1986, but the index’s base year is 1 April 1979, when it was set at 100. The S&P BSE Sensex, which has passed several milestones in the last 40 years, has been a witness to the evolution of the Indian economy. In 2006, the index closed above 10,000…

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India France sign roadmap Economic News 

India, France sign roadmap to enhance bilateral exchanges on blue economy and ocean governance

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India and France have inked a roadmap to enhance their bilateral exchanges on the blue economy and forge a common vision of ocean governance based on the rule of law and cooperate on sustainable and resilient coastal and waterways infrastructure. The agreement was signed during External Affairs Minister S Jaishankar’s three-day visit to France which began on Sunday with bilateral talks with his French counterpart Jean-Yves Le Drian. The roadmap scope will encompass maritime trade, the naval industry, fisheries, marine technology and scientific research, ocean observation, marine biodiversity, marine ecosystem-based…

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bird flu India 

After Thane, bird flu now detected at poultry farm in neighbouring Palghar

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Days after avian influenza was reported in Maharashtra’s Thane, this infection has now been detected among birds at a poultry farm in the Vasai-Virar region of its neighboring Palghar district, an official said on Saturday. Palghar’s district veterinary officer Dr. Prashant Kamble said that some birds at the poultry farm died, after which their samples were sent for testing. “The test results confirmed that the birds were infected with the H5N1 virus. The reports were received on Friday night,” he said, adding that the situation is not serious. Kamble did…

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India-UAE trade deal Economic News 

India-UAE trade deal| First major trade pact under Modi govt set to boost jewellery, apparel exports

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In what will be the first major trade deal implemented by the Modi government, India and the United Arab Emirates (UAE) will officially sign a Comprehensive Economic Partnership Agreement (CEPA) on February 18. Negotiations on the deal have been completed in record time, having been officially launched in September 2021. On Friday, Prime Minister Narendra Modi is to host a bilateral summit at which the trade agreement between the two countries will be signed by commerce and industry minister Piyush Goyal and the UAE’s minister of economy Abdulla bin Touq…

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Over 2 crore adolescents Coronavirus News 

Over 2 crore adolescents in 15-18 years group fully vaccinated against COVID-19: Mansukh Mandaviya

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Over 2 crore adolescents in the 15-18 years age group nationwide are now fully vaccinated against COVID-19, Union Health Minister Mansukh Mandaviya said on Friday. “Young India taking the world’s largest vaccination drive to the next level! Over 2 crore youngsters between 15-18 age group are now fully vaccinated against #COVID19″ Mandaviya tweeted. Over 70 per cent of beneficiaries in the same age group have received the first dose of COVID-19 vaccine so far, according to a health ministry data. According to the Registrar General of India (RGI), the estimated…

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Home Minister Amit Shah India 

Ahead of Punjab polls, Home Minister Amit Shah meets Radha Soami sect chief

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Ahead of the Punjab Assembly polls, Union Home Minister Amit Shah on Wednesday met the chief of Radha Soami Satsang Beas Baba Gurinder Singh Dhillon at Beas, around 45 km from Amritsar. Shah, who was in Punjab on Wednesday for a poll rally, took to Twitter to share the information about the meeting. ”Today met Radha Soami Satsang chief Baba Baba Gurinder Singh Dhillon. ”The work being done by Radha Soami Satsang Beas for humanity and social service by continuously awakening spiritual consciousness in the society for decades, is wonderful…

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