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After Diwali: Gold misses fireworks, tumbles by 1000

After Diwali: Gold misses fireworks, tumbles by 1000

Mumbai: Gold rates across the country tumbled by a margin of Rs 1,000 as of Tuesday.  According to data from Sify.com that tracks rates across India and Gulf, major associations and jewellers quoted a lower opening rate for Tuesday.  On an average, gold rates for 24 Karat or bullion was re...

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Make Hybrid Cloud Storage Work For You

Make Hybrid Cloud Storage Work For You

Use of hybrid cloud is growing and will continue to grow in 2021. Hybrid cloud storage architecture improves operating model efficiencies, and reduces costs for enterprises.Our weekly round-up includes the best practices for optimal hybrid cloud management, and our pick of news and analysis on Enter...

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LVB in Moratorium: Administrator reveals 5 vital signs

LVB in Moratorium: Administrator reveals 5 vital signs

The 94 year old Lakshmi Vilas Bank which had been operating without a CEO since Sept'20 (section of investors ousted RBI appointed interim MD & CEO S Sundar) has been admitted to the Moratorium ward. While the 30 day moratorium commenced from Tuesday, Nov 17, bank employees were clueless un...

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Pfizer proposes, bullion market disposes, Gold on free-fall

Pfizer proposes, bullion market disposes,  Gold on free-fall

Gold markets are staring at the prospects of a record tumble after Pharmaceutical major Pfizer Inc reported of its latest finding - a Covid vaccine that is 90 percent effective.  While current US President Donald Trump and bourses across US and Europe showed optimism, news of an effective vacci...

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Hope is around, Pfizer reports Covid-19 vaccine with 90 percent effectiveness

Hope is around, Pfizer reports Covid-19 vaccine with 90 percent effectiveness

Pfizer said Monday that an early peek at the data on its coronavirus vaccine suggests the shots may be a robust 90% effective at preventing COVID-19, putting the company on track to apply later this month for emergency-use approval from the Food and Drug Administration.The announcement, less than a ...

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GST collections expected to be 30% lower at Rs 9L cr in FY21

GST collections expected to be 30% lower at Rs 9L cr in FY21

New Delhi: Government facing severe pressure on revenues due to the Covid disruptions may end the current financial year with a 30 per cent drop in Goods and Service Tax (GST) collections.This would be a big setback to the Centre that is already burdened with adequately compensating the states for G...

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Gold spurts to 50 day high amid high-tension and uncertain US Election

Gold spurts to 50 day high amid high-tension and uncertain US Election

Mumbai | Chennai | New Delhi: Gold rates across India made a minor margin from a day ago across major Indian cities. The momentum on the MCX Futures for December explained the market momentum - MCX rocketed by 1.67 percent or 850 points to trade at 51,670 per ten grams for Thursday.  In spot ma...

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Jeweller confidence revives on festive demand hopes for gold

Jeweller confidence revives on festive demand hopes for gold

New Delhi: As bullion imports improved during the July-September period on a quarter-on-quarter (QoQ) basis, a Motilal Oswal report has said that the improved demand shows revival in confidence among jewellers about the strong festive and wedding demand anticipated in the fourth quarter of 2020.Citi...

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14 percent jump in Bluedart shares after 3 fold Q2 jump

14 percent jump in Bluedart shares after 3 fold Q2 jump

Mumbai: Stocks of Bluedart Express traded up by 14 percent as of data made available post end of trading session on Friday.Bluedart Express quoted Rs 3,700.55 per share, up by 14.04 percent or 455.60.The development gains prominence since the company announced its consolidated net profit for quarter...

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The new cloud technologies and what they mean

The new cloud technologies and what they mean

The pandemic has triggered a ‘cloud explosion’. As a host of new product categories appear, new questions pop up: How does ‘Cloud-Native’ stack up against ‘Network Cloud’? What is SASE and how is it different from SD-WAN?Our weekly round-up includes a story that features expert views on latest cloud...

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