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5:06 PM

WATCH: Indigenous ATGM successfully test-fired

4:59 PM

Gold rises marginally by Rs 37, silver declines Rs 915

Gold prices rose marginally by Rs 37 to Rs 51,389 per 10 gram in the national capital on Thursday in line with a positive global trend, according to HDFC Securities. Stronger rupee, however, kept upside limited in the precious metal.

 

The yellow metal had closed at Rs 51,352 per 10 gram in the previous trade.

 

Silver prices, however, declined Rs 915 to Rs 61,423 per kilogram from Rs 62,338 per kilogram in the previous trade.

 

4:55 PM

Final semester UG, PG exams begin in Bengal universities

Final semester undergraduate and postgraduate examinations began on digital mode in state universities of West Bengal on Thursday with the authorities saying it was going on smoothly.

 

The exams for 104 subjects under 152 colleges at the undergraduate level of Calcutta University started at 10 am with candidates answering papers from their home, Vice Chancellor Sonali Chakraborty Banerjee told PTI.

 

The tests, of a two-hour duration, kicked off in three different time slots from 10 am, 12 noon and 2 pm and the students were given the questions 15 minutes before the exams began, she explained. Each candidate was given another half an hour to mail the answers in pdf attachment to the college authorities, she said.

 

4:39 PM

Corporate credit profiles suffer in H1, may remain under pressure in H2: Rating agencies

The economic impact of the COVID-19 pandemic has led to corporate India's credit profiles hitting the lowest in a decade, and the stress is likely to continue in the rest of the fiscal as well, two domestic rating agencies said on Thursday.

 

Rating agency Crisil said the credit ratio, or the proportion of upgrades to downgrades reached 0.54 times, with 161 upgrades as against 296 downgrades in the first half of the fiscal year, and the debt-rated credit ratio that goes by the quantum of loans was also at a similar level of 0.55 times.

 

The moratorium helped the liquidity profiles of the companies and saved them from downgrades, Crisil said adding that over 2,000 of the 9,000 companies rated by it have availed of the benefit.

 

The agency said the number of upgrades is unlikely to outpace the downgrades in the remainder of the fiscal year as well and pointed out that 60 per cent of the overall rated debt is in sectors with low resilience while 40 per cent is in highly resilient ones.

 

4:35 PM

Jio Platforms receives Rs 2,624 cr from Intel Capital, Qualcomm Ventures

Reliance Industries' subsidiary Jio Platforms has received subscription amount of Rs 2,624.5 crore from Intel Capital and Qualcomm Ventures, according to a regulatory filing.

 

The subscription amount of Rs 1,894.5 crore has come in from Intel Capital for 0.39 per cent stake in Jio Platforms, and Rs 730 crore came from Qualcomm Asia Pacific for 0.15 per cent stake.

 

The fund infusion by Intel Capital and Qualcomm Ventures into Jio Platforms was announced in July this year.

 

"We hereby inform that, Jio Platforms, a subsidiary of the company, received the subscription amounts today from the following investors and allotted equity shares to them," RIL said in a late evening filing on Wednesday.

4:21 PM

TN launches "One Nation, One Ration Card" plan, joins nation-wide portability

Facilitating inter and intra state portability, Chief Minister K Palaniswami on Thursday launched the "One Nation One Ration Card Scheme" allowing beneficiaries to receive essential commodities from Public Distribution Outlets anywhere in Tamil Nadu and in other states that have already been integrated under the plan.

 

Marking the launch of the scheme, which is operational effective Thursday in as many as 32 districts including Chennai, Kancheepuram, Chengelpet and Tiruvallur, Palaniswami gave away commodities to three card holders at the state secretariat.

 

4:03 PM

Rahul Gandhi arrested by UP police on way to Hathras

3:50 PM

Rahul Gandhi roughed up by Uttar Pradesh police at Yamuna Expressway

3:45 PM

Samajwadi Party workers stage a protest demonstration in Hathras

3:35 PM

Mahindra sales dip 17% to 35,920 units in September

Mahindra & Mahindra (M&M) on Thursday reported a 17 per cent decline in total sales to 35,920 units in September. The company had sold 43,343 units in the same month last year, M&M said in a statement.

 

In the domestic market, sales were down 16 per cent to 34,351 units last month compared to 40,692 units in September 2019. Exports dropped by 41 per cent to 1,569 units as against 2,651 units in the year-ago month.

 

In the passenger vehicles segment -- which includes UVs, cars and vans -- it sold 14,857 vehicles in September against 14,333 units in the same month last year, up 4 per cent.

3:26 PM

Power consumption grows by 5.6 pc in Sep, recovers after six months of slump

Researchers have demonstrated that an artificial intelligence (AI) algorithm could be trained to classify Covid-19 pneumonia in computed tomography (CT) scans with up to 90 per cent accuracy. Also, it correctly identifies positive cases 84 per cent of the time and negative cases 93 per cent of the time.

 

The study, recently published in Nature Communications, shows the new technique can also overcome some of the challenges of current testing.

 

"We demonstrated that a deep learning-based AI approach can serve as a standardized and objective tool to assist healthcare systems as well as patients," said study author Ulas Bagci from the University of Central Florida in the US

3:11 PM

Crisil expects bank credit to grow by up to 1% in FY21

The banking system's credit growth will plummet to a multi-decadal low of up to 1 per cent in FY21, domestic credit ratings agency Crisil said on Thursday.

 

For non-banking finance companies (NBFCs), the shock will be more pronounced and assets under management (AUM) may decline by up to 3 per cent during the fiscal, impacted majorly by wholesale segment, it said. It can be noted that non-food credit growth was at 5.5 per cent as of August 28 as compared to the year-ago period.

 

Lenders have been undertaking targeted measures to increase the growth and are pinning hopes on festive season for growth to go up.

2:50 PM

WATCH: Police pushed, lathicharged me, threw me to ground, says Rahul Gandhi

2:31 PM

Rupee zooms 63 paise to close at 73.13 against US dollar

The rupee strengthened by 63 paise and closed for the day at 73.13 (provisional) against the US dollar on Thursday, as positive domestic equities and weak American currency buoyed investor sentiments.

 

At the interbank forex market, the domestic unit opened at 73.60 against the US dollar, then gained further ground and finally settled at 73.13, registering a rise of 63 paise over its previous close.

 

On Wednesday, the rupee closed at 73.76 against the US dollar.

 

During the session, the domestic unit witnessed an intra-day high of 73.07 and a low of 73.60 against the greenback.

2:21 PM

UPI transactions at Rs 3.29 trillionin September

The Unified Payments Interface (UPI) transactions stood at Rs 3.29 trillion in September with number of transactions at 180 crore, NPCI data showed on Thursday.

 

The transactions were higher by over 10 per cent from Rs 2.98 trillion in August. Volume wise, it grew nearly 12 per cent month-on-month.

 

In the past few years, person-to-person and person-to-merchant money transfer have become simpler and safer due to BHIM UPI, the National Payments Corporation of India (NPCI) said in a tweet showing the monthly data transactions.