Coronavirus News LIVE Updates: India’s daily tally below 40,000 for 3rd day; active cases remain under 4 lakhs

Thane logs 253 new cases, 4 more deaths Thane has reported 253 fresh COVID-19 cases, raising the infection count in the Maharashtra district to 5,53,366, an official said on Wednesday. These new cases were recorded on Tuesday, he said. Four more people also succumbed to the viral infection, pushing the death toll in…

Gold price today: Yellow metal edges higher to Rs 47,025/10 grams mark. Time to take positions?

Domestic gold prices registered mild gains on Wednesday tracking global benchmarks as strength in the dollar made the yellow metal less attractive for holders of other currencies. A rise in Indian equities also kept investors’ attention away from safe-haven bets.On Multi Commodity Exchange (MCX), gold and silver…

Cryptocurrency prices on September 8: Bitcoin, altcoins crash over 10-17%; Solana continues to rise

The cryptocurrency market is trading in the red, with some exceptions, Wednesday morning after Bitcoin crashed 12 percent in the space of an hour on Tuesday. The crash came on the same day El Salvador accepted the coin as legal tender. Putting on a brave face though, the president of the country Nayib Bukele said the…

Rupee plunges 23 paise to 73.65 against US dollar in early trade

The Indian rupee plunged 23 paise to 73.65 against the US dollar in opening trade on Wednesday, tracking a strong American currency and muted trend in domestic equities. At the interbank foreign exchange, the rupee opened at 73.48 against the dollar, then fell to 73.65, registering a decline of 23 paise from the last…

Markets This Week: Sensex, Nifty end lower for second straight week; auto drags, metals gain

Indian indices ended in the red for the second consecutive week with both Nifty and Sensex ending around 0.2 percent. Losses in auto, IT stocks were offset by gains in metals and financials. The sentiment was also dented by a slowing pace of vaccination in some states and a global spread of the Delta variant of…

Fuel price hike: Petrol rises to Rs 106.93 in Mumbai, increases to Rs 100.91 in Delhi

The oil marketing companies (OMCs) hiked petrol and diesel prices on Saturday after keeping them stable on Friday. The petrol prices were raised by 35 paise per litre and diesel prices were hiked by 26 paise per litre in the national capital.Accordingly, the price of petrol and diesel increased to Rs 100.91 and Rs…

Shilpa Medicare shares rally over 5% after DRDO approves manufacture, sale of anti-Covid drug

Share of Shilpa Medicare rallied over five percent after the company received in-principle approval from the Defence Research & Development Organisation (DRDO) to manufacture and sale of 2-Deoxy-D-Glucose (2DG). The Drug Controller General of India (DCGI) had granted emergency approval to 2DG for COVID-19 patients…

Aim to lead in 2-wheeler & passenger car radial tyres; expect revenue from SUVs, CSUVs to increase: CEAT

CEAT at its analysts meet laid down some ambitious targets, aiming for a leadership position in two-wheelers and passenger car radial tyres over the next five years. The company also launched some new tyres called the SecuraDrive.Amit Tolani, CMO, CEAT, said the company has seen demand buoyancy in the after-market…

India Pesticides IPO subscribed 4.79 times so far on last day

The initial public offering (IPO) of India Pesticides, one of India’s leading agrochemical manufacturers, has been subscribed 4.79 times so far on June 25, the last day of the bidding process. The public issue received bids for 9.25 crore equity shares against the IPO size of 1.93 crore equity shares. The portion…

As steel prices surge, Kalyani Steels may renegotiate deals with auto makers

A lot has been happening in the metals sector globally. With Russia being a major producer and exporter of metals, recently decided to impose new export taxes on steel, copper, aluminium and nickel, starting from August 1, it could spell a lot of opportunities opening up for the rest of the world. Closer home, in the…