APN News

  • Saturday, July, 2020| Today's Market | Current Time: 04:32:46
  • CCI approves acquisition of 9.99% stake in Jio Platforms by Jaadhu Holdings LLC

    The Competition Commission of India (CCI) has approved acquisition of 9.99 per cent stake in Jio Platforms by Jaadhu Holdings LLC. Jaadhu is an indirect wholly owned subsidiary of Facebook. It is a newly incorporated company formed in March this year under the laws of the State of Delaware in United States. Whereas, Jio Platforms […]

    Gold prices rise by Rs. 423 to Rs. 49,352 per 10 gram in Delhi

    Gold prices today rose by Rs. 423  to Rs. 49,352  per 10 gram in the national capital following a rally in global prices and pause in rupee appreciation. Silver also gained Rs. 174  to Rs. 49,840 per kg.

    MSME Minister Nitin Gadkari launches CGSSD

    Micro, Small and Medium Enterprises, MSME, Minister Nitin Gadkari today launched the Credit Guarantee Scheme for Sub-ordinate Debt, CGSSD. As per the Scheme, guarantee cover worth twenty thousand crore rupees will be provided to the promoters who can take debt from the banks to further invest in their stressed MSMEs as equity. The scheme seeks […]

    Market Outlook – June 2020 – Mr. Navneet Munot, Chief Investment Officer, SBI Mutual Fund

    Elon Musk’s SpaceX created history by launching astronauts into the space for the first time ever from a commercially made spacecraft. This at a time when the world is still struggling with the virus lends out some hope, that we should not write off human ingenuity. It also underscores the importance of innovation and technology […]

    Public & Pvt Sectors banks sanction loans worth over Rs. 79,000 cr so far under ECLGS

    Public and Private Sectors banks have sanctioned loans worth over 79 thousand crore rupees so far under Emergency Credit Line Guarantee Scheme. Out of which more than 35,000 crore have already been disbursed. The Scheme was launched by the Government to provide relief to the MSME sector by incentivizing member lending institutions to provide additional […]

    Chemicals & Fertilisers Minister takes stock of progress of Talcher Fertilisers Ltd

    Chemicals and Fertilisers Minister  D V Sadananda Gowda today  took stock of progress of Talcher Fertilisers Limited. During the meeting, Mr Gowda was informed that Talcher Fertilisers Limited is bringing up urea unit of 12.7 Lakh Metric tonnes per annum capacity at Talcher, Odisha. The estimated cost of the project is around Rs. 13, 270 […]

    Oil prices steady after volatile session

    Oil prices today steadied after a volatile session sparked by confusion over the status of the U.S.-China trade deal. In intra-day trade, Brent crude prices were trading at 43 dollars and 80 cents per barrel while WTI crude prices were at 41 dollars and 40 cents per barrel.

    Rupee rises 37 paise to 75.66 against US dollar

    The rupee today appreciated 37 paise to provisionally close at Rs. 75.66 against the US dollar, following a rally in domestic equity market and persistent foreign fund inflows. Forex dealers said, besides, an unstable US dollar against major global currencies also helped the rupee surge.

    S&P 500, Dow Jones indexes gain more than half a percent; Nasdaq rises for 7th session

    The S&P 500 and Dow Jones indexes gained more than half a percent on Monday but investors weighed the implications of rising coronavirus infections for business activity while the tech-heavy Nasdaq rose for a seventh session. The World Health Organization reported a record rise in global Coronavirus cases on Sunday, driving demand for perceived safe-havens, […]

    IIM Ahmedabad launches ‘IIM Ahmedabad Endowment Fund’

    Indian Institute of Management- IIM Ahmedabad has launched the ‘IIM Ahmedabad Endowment Fund’. According to the official press release, the fund has been launched with an initial commitment of Rs. 100 Crore from 10 founding alumni. The endowment aims to raise Rs.1000 crore over a period of five years. Speaking on the occasion, the Chairperson […]