Business – KalingaTV https://kalingatv.com Kahe Thik Dikhaye Thik Sat, 11 Jul 2020 04:51:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.2 https://cdn.kalingatv.com/wp-content/uploads/2020/04/Kalinga-TV-Odisha-News-Logo-100x100.jpg Business – KalingaTV https://kalingatv.com 32 32 Check The Gold Prices For Today In Indian Markets https://kalingatv.com/business/check-the-gold-prices-for-today-in-indian-markets/ https://kalingatv.com/business/check-the-gold-prices-for-today-in-indian-markets/#respond Sat, 11 Jul 2020 04:49:14 +0000 https://kalingatv.com/?p=168240 gold rates

Bhubaneswar: The prices of gold today might bring a smile among the gold lovers. There has been a slight drop in gold prices after a surge for the last several days in Odisha’s capital Bhubaneswar. As on Saturday, the gold price for 10 grams of 22 carats is Rs 46,930 & the price for 10 […]

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gold rates

Bhubaneswar: The prices of gold today might bring a smile among the gold lovers. There has been a slight drop in gold prices after a surge for the last several days in Odisha’s capital Bhubaneswar. As on Saturday, the gold price for 10 grams of 22 carats is Rs 46,930 & the price for 10 grams of 24 carats is Rs 51,210.

Earlier on Friday, the prices of the 24 carats and 22 carats was recorded Rs 51,470 and Rs 47,190 respectively.

Here is the list of some of the major Indian cities and the prices of gold:

 

Name of the city Price of 24 carats (per 10 grams) Price of 22 carats (per 10 grams)
Mumbai Rs 49,010 Rs 48,010
New Delhi Rs 48,910 Rs 47,710
Chennai Rs 51,210 Rs 46,930
Kolkata Rs 49,670 Rs 48,090

 

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Sony invests $250 million in Fortnite maker Epic Games https://kalingatv.com/business/sony-invests-250-million-in-fortnite-maker-epic-games/ https://kalingatv.com/business/sony-invests-250-million-in-fortnite-maker-epic-games/#respond Fri, 10 Jul 2020 09:21:04 +0000 https://kalingatv.com/?p=168130 Sony Investment

San Francisco: Sony on Friday announced it has made a strategic investment of $250 million to acquire a minority interest in Epic Games, creator of the popular video game Fortnite. The investment enables Sony and Epic to broaden their collaboration with Sony’s portfolio of entertainment assets and technology, and Epic’s social entertainment platform and digital ecosystem […]

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Sony Investment

San Francisco: Sony on Friday announced it has made a strategic investment of $250 million to acquire a minority interest in Epic Games, creator of the popular video game Fortnite.

The investment enables Sony and Epic to broaden their collaboration with Sony’s portfolio of entertainment assets and technology, and Epic’s social entertainment platform and digital ecosystem to create unique experiences for consumers and creators.

“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations. There’s no better example of this than the revolutionary entertainment experience, Fortnite,” Kenichiro Yoshida, CEO Sony said in a statement.

The companies noted they have “an already close relationship,” and that the investment allows them to “broaden their collaboration.”

Tim Sweeney, CEO Epic, said that both Sony and Epic have created businesses at the intersection of creativity and technology and they share a vision of real-time 3D social experiences that will lead to a convergence of gaming, film, and music. He added that the parties plan to build a “more open and accessible digital ecosystem for all consumers and content creators.”

Epic operates Fortnite, the world’s largest game with over 350 million accounts and 2.5 billion friend connections.

Epic also develops Unreal Engine, which powers the world’s leading games and is being adopted across industries such as film and television, architecture, automotive, and manufacturing for visualization and simulation.

Meanwhile, Sony is all set to launch its next-generation console PlayStation 5 later this year, with titles including Ubisoft’s “Assassin’s Creed Valhalla” and Rockstar Games’ “Grand Theft Auto V.”

(Inputs from IANS)

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PM Inaugurates Asia’s Largest Solar Power Plant https://kalingatv.com/business/pm-inaugures-asias-largest-solar-power-plant/ https://kalingatv.com/business/pm-inaugures-asias-largest-solar-power-plant/#respond Fri, 10 Jul 2020 08:09:53 +0000 https://kalingatv.com/?p=168113 New Delhi: Prime Minister Narendra Modi addresses at the inauguration of a 750-MW solar project - said to be Asia's biggest -- at Rewa in Madhya Pradesh through video conferencing from New Delhi on July 10, 2020. (Photo: IANS/PIB)

Delhi: Prime Minister Narendra Modi on Friday dedicated to the nation a 750-MW solar project – said to be Asia’s biggest — at Rewa in Madhya Pradesh through a videoconference from Delhi. The Rs 4,000-crore project has three units of 250 MW each at a solar park spread over 1,500 hectares developed by Rewa Ultra […]

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New Delhi: Prime Minister Narendra Modi addresses at the inauguration of a 750-MW solar project - said to be Asia's biggest -- at Rewa in Madhya Pradesh through video conferencing from New Delhi on July 10, 2020. (Photo: IANS/PIB)

Delhi: Prime Minister Narendra Modi on Friday dedicated to the nation a 750-MW solar project – said to be Asia’s biggest — at Rewa in Madhya Pradesh through a videoconference from Delhi.

The Rs 4,000-crore project has three units of 250 MW each at a solar park spread over 1,500 hectares developed by Rewa Ultra Mega Solar Limited (RUMSL), a joint venture company of Madhya Pradesh Urja Vikas Nigam Limited and Solar Energy Corporation of India (SECI), a central PSU.

Union Power Minister RK Singh and Madhya Pradesh Chief Minister Shivraj Singh Chouhan were among the dignitaries present on the occasion.

Speaking after the inauguration, Modi said that the solar power project will give a new identity to Rewa –- earlier known for Narmada river and white tigers.

He said the solar power produced by the project will be ‘pure, sure and secure’. He said solar power was going to be the preferred in the times to come and play a big role in making India self-sufficient in electricity.

The Prime Minister said that the farmers, the poor and the middle class will benefit due to cheap power available through the project.

Twenty-four per cent of the solar power produced by the project will be used in the Delhi Metro and the remaining 76 per cent by discoms of Madhya Pradesh.

The Centre gave Rs 138 crore to RUMSL for the project for which Mahindra Renewables, ACME Solar Holdings, and Solengeri Power were shortlisted through reverse bidding for the three units at tariffs of Rs 2.979, Rs 2.970 and Rs 2.974 for the first year.

This is the lowest tariff ever discovered through a bidding process for solar projects in India.

The project is a step towards India’s commitment to set up 175GW solar power capacity by 2022.

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Petrol, Diesel Prices Remain Unchanged For Third Consecutive day https://kalingatv.com/business/petrol-diesel-prices-remain-unchanged-for-third-consecutive-day/ https://kalingatv.com/business/petrol-diesel-prices-remain-unchanged-for-third-consecutive-day/#respond Fri, 10 Jul 2020 06:31:40 +0000 https://kalingatv.com/?p=168061 Fuel Price 10th July

New Delhi: Oil marketing companies kept retail prices of petrol and diesel unchanged for the third consecutive day on Friday. In Delhi, petrol is priced at Rs 80.43 a litre while diesel was a tad higher at Rs 80.78 a litre. After keeping prices of auto fuel unchanged for the previous seven days, the oil companies […]

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Fuel Price 10th July

New Delhi: Oil marketing companies kept retail prices of petrol and diesel unchanged for the third consecutive day on Friday.

In Delhi, petrol is priced at Rs 80.43 a litre while diesel was a tad higher at Rs 80.78 a litre.

After keeping prices of auto fuel unchanged for the previous seven days, the oil companies had increased the price of diesel by 25 paise a litre in Delhi on Tuesday while keeping petrol prices unchanged.

Delhi is the only metro city where diesel is priced higher than petrol and this has been maintained since June 24, when for the time ever the transportation fuel price cross that of petrol.

Officials in the oil marketing companies said that diesel prices are seeing more volatility in the international market so the price changes in the fuel segment have been higher.

But with global oil prices rising again and set to touch $42 a barrel, the expectation is that fuel prices may again see an uptick in the coming days.

Before Tuesday, fuel prices remained unchanged for seven consecutive days.

Prices of the transportation fuel have had a pause after rising to record levels in 23 of the past 33 days after the oil marketing companies resumed the daily price revision system from June 7. It made the petrol and diesel prices to rise incessantly till June 29.

During the daily hikes till June 29, diesel prices in Delhi recorded a new level by overtaking petrol prices, making the common man feel the heat.

As on Sunday, Bhubaneswar recorded Rs 81.01 per litre for Petrol. In the meanwhile, the diesel price was recorded as  Rs 78.92 per litre in the State Capital city of Odisha.

(Inputs from IANS)

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Gold Prices In Indian Markets, Check Details Here https://kalingatv.com/business/gold-prices-in-indian-markets-check-details-here/ https://kalingatv.com/business/gold-prices-in-indian-markets-check-details-here/#respond Fri, 10 Jul 2020 04:43:12 +0000 https://kalingatv.com/?p=168053 Check Gold Rate

Bhubaneswar: The price of gold continues to surge for the last several days in Odisha’s capital Bhubaneswar. As on Friday, the gold price for 10 grams of 22 carats was Rs 47,190 the price for 10 grams of 24 carats was Rs 51,470. Earlier on Thursday, the prices of the 24 carats and 22 carats […]

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Check Gold Rate

Bhubaneswar: The price of gold continues to surge for the last several days in Odisha’s capital Bhubaneswar. As on Friday, the gold price for 10 grams of 22 carats was Rs 47,190 the price for 10 grams of 24 carats was Rs 51,470.

Earlier on Thursday, the prices of the 24 carats and 22 carats were recorded Rs 51,000 and Rs 46,790 respectively.

Here is the list of some of the major Indian cities and the prices of gold:

 

Name of the city Price of 24 carats (per 10 grams) Price of 22 carats (per 10 grams)
Mumbai Rs 48,410 Rs 47,410
New Delhi Rs 49,110 Rs 47,910
Chennai Rs 51,470 Rs 47,190
Kolkata Rs 49,840 Rs 48,260

 

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Hero Cycles cancels Rs 900 crore deal with China https://kalingatv.com/business/hero-cycles-cancels-rs-900-crore-deal-with-china/ https://kalingatv.com/business/hero-cycles-cancels-rs-900-crore-deal-with-china/#respond Thu, 09 Jul 2020 14:56:37 +0000 https://kalingatv.com/?p=168005 hero cycle cancel deal with china

Supporting the ‘boycott Made In China movement’ by the people of India, India’s leading bicycle manufacturing company Hero Cycles  has decided to stop all its business with China. Hero has cancelled an upcoming Rs. 900 crore deal with China. Following the Indo China border standoff at Galwan valley in Ladakh, the people of India have […]

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hero cycle cancel deal with china

Supporting the ‘boycott Made In China movement’ by the people of India, India’s leading bicycle manufacturing company Hero Cycles  has decided to stop all its business with China. Hero has cancelled an upcoming Rs. 900 crore deal with China.

Following the Indo China border standoff at Galwan valley in Ladakh, the people of India have decided to boycott Chinese products. Hero has also given its nod to this movement.

Chairman-cum-Managing Director (CMD) of Hero, Pankaj Munjal, reportedly said that the company was scheduled to conduct a Rs 900 crore business with China but has cancelled those plans.

Rather looking forward to workout business with Germany in near future, he added.

As reports say Hero Cycles has demand all over the world. So the company is in the process of increasing productivity. Hero Cycles is buying its raw materials from inside India rather than importing from overseas due to the COVID 19 pandemic situation.

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Yes Bank case: ED attaches Rs 2,203 cr assets of Rana Kapoor, others https://kalingatv.com/business/yes-bank-case-ed-attaches-rs-2203-cr-assets-of-rana-kapoor-others/ https://kalingatv.com/business/yes-bank-case-ed-attaches-rs-2203-cr-assets-of-rana-kapoor-others/#respond Thu, 09 Jul 2020 13:17:28 +0000 https://kalingatv.com/?p=167991 ED attaches assets of Rana Kapoor

New Delhi: The Enforcement Directorate (ED) has attached Rs 2,203 crore assets of Yes Bank founder Rana Kapoor, his family, Dewan Housing Finance (DHFL) promoters and others under the Prevention of Money Laundering Act (PMLA) in the Rs 3,700 crore fraud case, according to officials, here on Thursday. The ED had earlier filed a charge-sheet in […]

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ED attaches assets of Rana Kapoor

New Delhi: The Enforcement Directorate (ED) has attached Rs 2,203 crore assets of Yes Bank founder Rana Kapoor, his family, Dewan Housing Finance (DHFL) promoters and others under the Prevention of Money Laundering Act (PMLA) in the Rs 3,700 crore fraud case, according to officials, here on Thursday.

The ED had earlier filed a charge-sheet in the case against Kapoor, his daughter Roshni Kapoor – promoter of DoIt Urban Ventures (India), DHFL’s Kapil R. Wadhawan, Dheeraj R. Wadhawan, and other entities, like Belief Realtors and RKW Developers.

Some foreign assets of Kapoor have also been frozen by the federal agency.

It follows a case registered in March by the Central Bureau of Investigation (CBI) under various laws, including the Prevention of Corruption Act, against the accused and unknown entities pertaining to fraud charges against Yes Bank.

On March 9, the CBI searched the premises of the accused. In early May, two months after Kapoor’s arrest on March 8, the ED also filed separate charge-sheet before a Mumbai Special Court.

The ED is separately probing into allegations of Rs 600 crore payment to a company, controlled by Kapoor and his family, by a firm linked with the scam-tainted DHFL.

The Kapoors, including his wife and three daughters, allegedly received huge kickbacks through the companies owned by them for sanctioning big loans to some corporate entities that later turned into non-performing assets.

DHFL founders, Kapil Wadhawan and Dheeraj Wadhawan, were arrested in April by the CBI in the same case from Mahabaleshwar, a hill station. They were absconding since the start of the probe.

The CBI has charged that Yes Bank invested Rs 3,700 crore in short-term debentures in DHFL for which the Wadhawans paid Rs 600 crore kickback to the Kapoors in the form of a loan to DoIT Urban Ventures, owned by his daughters.

(Inputs from IANS)

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Bids for Ladakh solar project may see 1st Indian action against Chinese firms https://kalingatv.com/business/bids-for-ladakh-solar-project-may-see-1st-indian-action-against-chinese-firms/ https://kalingatv.com/business/bids-for-ladakh-solar-project-may-see-1st-indian-action-against-chinese-firms/#respond Thu, 09 Jul 2020 11:55:03 +0000 https://kalingatv.com/?p=167939 Ladakh solar project

New Delhi: The deadly border conflict between India and China in the Ladakh region is now setting the ground for a first set of restrictions that India proposes to impose on imports from the Asian giant. Sources said that efforts were on at the official level to explore ways of denying Chinese firms from participating in […]

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Ladakh solar project

New Delhi: The deadly border conflict between India and China in the Ladakh region is now setting the ground for a first set of restrictions that India proposes to impose on imports from the Asian giant.

Sources said that efforts were on at the official level to explore ways of denying Chinese firms from participating in the bids for the upcoming 7,500 MW solar power project in Ladakh.

Power Minister R.K. Singh, who has recently been vocal about use of domestically manufactured equipment in the power sector and restricting all imports where domestic capabilities exist, is believed to have sounded public sector enterprise conducting solar auctions to see imports were kept at minimum and a ward projects keeping in mind the strategic nature of terrain.

The 7,500 MW solar development contract also involves setting up strategic power transmission link that will take power from the Union Territory and connect it to a grid for nationwide circulation.

The deadline for the bid submission tender is July 31.

The strategic nature of the project has pushed the government into thinking of restricting overseas participation, particularly from companies in China. However, this would also be seen as India’s economic response to straining of relations between the two countries.

India is upgrading its infrastructure in border areas and this project will go a long way in ensuring Enegy security to the region as well as rest of the country.

The current bidding guidelines in the solar sector allows 100 per cent foreign direct investment (FDI), meaning an overseas company can either participate on standalone basis or as a member of consortium.

Bids for the Ladakh projects were invited by the state-owned Solar Energy Corporation of India (SECI) and involves setting up 7.5GW of grid connected solar projects in Leh and Kargil districts.

SECI will sign a 35-year long pow er purchase agreements (PPA) with the successful bidder.

(Inputs from IANS)

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Yes Bank’s Rs 15K cr further public offering opens on July 15 https://kalingatv.com/business/yes-banks-rs-15k-cr-further-public-offering-opens-on-july-15/ https://kalingatv.com/business/yes-banks-rs-15k-cr-further-public-offering-opens-on-july-15/#respond Thu, 09 Jul 2020 07:21:50 +0000 https://kalingatv.com/?p=167858 Yes Bank

Mumbai: Yes Bank has filed a red herring prospectus for its further public offering (FPO) to raise up to Rs 15,000 crore. The FPO issue will open on July 15 and close on July 17. The anchor investor bidding date would be July 14. In a regulatory filing, the bank on Thursday said that it has […]

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Yes Bank

Mumbai: Yes Bank has filed a red herring prospectus for its further public offering (FPO) to raise up to Rs 15,000 crore.

The FPO issue will open on July 15 and close on July 17. The anchor investor bidding date would be July 14.

In a regulatory filing, the bank on Thursday said that it has reserved a portion of up to Rs 200 crore for its employees.

“In continuation to our letter dated July 7, 2020, we wish to inform you that the bank has filed a red herring prospectus dated July 7, 2020, in connection with the offer, with the Registrar of Companies, Maharashtra at Mumbai,” it said.

The State Bank of India (SBI), on Wednesday, said that its Executive Committee of the Central Board (ECCB) has approved an investment of up to Rs 1,760 crore in the Yes Bank’s FPO.

The state run major is already a major shareholder in the restructured bank with 48.21 per cent stake. As of March 31, banks and other financial institutions held 66.94 per cent stake. As part of the rescue plan, Yes Bank had received Rs 10,000 crore of capital infusion from eight banks, led by the SBI.

(Inputs from IANS)

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Sensex gains 250 points tracking Asian markets https://kalingatv.com/business/sensex-gains-250-points-tracking-asian-markets/ https://kalingatv.com/business/sensex-gains-250-points-tracking-asian-markets/#respond Thu, 09 Jul 2020 07:00:55 +0000 https://kalingatv.com/?p=167850 BSE Sensex updates

Mumbai: The key Indian equity indices rose over 250 points on Thursday morning in line with a positive trend in the Asian indices. Healthy buying was witnessed across sectors during the trade so far. Around 10.15 a.m., Sensex was trading at 36,579.52, higher by 250.51points or 0.69 per cent from the previous close of 36,329.01. […]

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BSE Sensex updates

Mumbai: The key Indian equity indices rose over 250 points on Thursday morning in line with a positive trend in the Asian indices.

Healthy buying was witnessed across sectors during the trade so far.

Around 10.15 a.m., Sensex was trading at 36,579.52, higher by 250.51points or 0.69 per cent from the previous close of 36,329.01.

It opened at 36,450.69 and has so far recorded a high of 36,582.55 and a low of 36,422.30 points.

The Nifty50 on the National Stock Exchange was trading at 10,772.50, higher by 66.75 points or 0.62 per cent from its previous close.

The top gainers on the Sensex so far were Tata Steel, Bajaj Finance and Bajaj Finserv, while the major losers were Tech Mahindra, ITC and Titan Company.

(Inputs from IANS)

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