10th November 2K20
Ø Loan growth continues to remain tepid: RBI data
Ø 15th Finance Commission submits final report for FY22-26 to President Kovind
Ø Biocon Biologics to expand to Latin America, Africa and Asia
Ø Voda Idea drag industry AGR in Q1: Trai data
Ø Tata Steel signs MoU with Hindustan Zinc for procuring zinc and other metals
Ø IRDAI sets up panel to revisit retail business of engineering tariff
Ø UK's Sunak says no longer waiting for EU on post-Brexit finance rules
Ø Govt invites foreign investment in India's strategic petroleum reserves
Ø Pfizer, BioNTech say their Covid-19 vaccine is more than 90% effective
Ø Oil prices jump on Covid-19 vaccine hopes and OPEC+ supply signals
Ø Global economy to remain in tenuous position in 2021, says Moody's
Ø TCS to acquire 100% shares of Postbank Systems from Deutsche Bank
Ø RailTel Corporation gets Sebi's go-ahead to float Rs 700-crore IPO
Ø Centre gives green signal to 21 cold chain infrastructure projects
Ø Discoms must comply with Energy Conservation Act: Power Ministry
Ø EID Parry posts ₹318-cr profit in Q2
Ø Amazon gets land for setting up data centres
Ø US, Australia, Brazil question India’s proposal for mandatory GM-free certification for food imports
Ø Ashok Leyland sees growth in MHCV segment
Ø Prestige, Blackstone sign term sheet for mega ₹11,000-crore realty deal
Ø Covid-19 testmakers dealt $38 billion blow by Pfizer’s vaccine
Ø RBI’s issues with non-banks stem from less control
Ø Equitas Small Finance Bank's Q2 net profit more than doubles to ₹103 cr
Ø Gland Pharma IPO starts slow subscribed 4.5% on day 1
Ø Future Lifestyle Fashion posts ₹258 crore loss
Ø Rupee slips 7 paise to close at 74.15 against USD
Ø India sits on extra $320 billion growth potential in 11 key manufacturing areas: McKinsey
Ø Oil regulator gives up to 251 days more to IOC, Adani Gas, others to complete work
Ø Mid sized banks report higher Q2 net profit as asset quality improves
Ø After unpredictable Samvat 2076, India's stock markets look forward to a stable year
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✒️ Supreme Court directed Airtel, Vodafone for disclosing information sought by TRAI for segmented offers.
✒️ Supreme Court held that insult/intimidation of SC-ST person inside a building, not an offence under SC's & ST's Act, 1989.
✒️ Supreme Court held that objective of granting Alimony/Maintenance is to ensure dependent spouse is not reduced to destitution and not anything different.
✒️ Supreme Court held that power for transfering petition (U/s 21A) of HMA,1955 can be invoked when following petition either seeks judicial separation(U/s 10) or(U/s 13) seeks divorce.
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⚫India’s benchmark indices logged their new all-time highs on Monday amid continued optimism around the US election results. The Sensex closed at 42,597, up 704 points, while the Nifty rose 197 points, to end at 12,461, extending the 5% plus gains posted last week. Indian stocks are expected to extend gains on Tuesday on the vaccine announcement, which came after market hours.
⚫US drug major Pfizer and German biotech firm BioNTech have surprised the world on November 9 by announcing that their potential COVID-19 vaccine was found to be more than 90% effective in tackling the novel coronavirus.
⚫The market capitalisation of both India and the world has hit a record high of $2.23 trillion and $94.5 trillion, respectively. India has added $177 billion in just eight trading sessions. India surpassed its previous high of $2.22 trillion made on January 15.
⚫Delhi has been reporting its sharpest single day spikes in daily cases for several days now. On Monday, its tally reached 438,529 with an addition of 7745 cases.
⚫Bihar might be on the cusp of a major generational shift in politics as it braced for Tuesday's counting of votes for the assembly election, with most pollsters predicting a landslide for the five party Grand Alliance led by the young RJD leader.
⚫Air quality dipped further in Delhi NCR, staying in the "severe" category which affects even healthy people.
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