BQuick On Jan. 5: Top 10 Stories In Under 5 Minutes
Here’s a roundup of the day’s top stories in brief.
1. India’s Vaccine Rollout Timeline
The Health Ministry said it is prepared to roll out Covid-19 vaccine within 10 days from date of emergency use authorisation, which was issued on Jan. 3, but noted that the final decision lies with the government.
2. What Will Be RBI’s 2021 Agenda
From tighter bank asset quality rules to reducing a slush of liquidity — a return to steady state will be on the Reserve Bank of India’s agenda in 2021. Ira Dugal explains the various challenges that the banking regulator will face.
3. Top 10 Trading Forecasts For The New Year
Covid-19 has spawned a new breed of traders who have tasted nothing but success. This will lead to overtrading and overconfidence. Markets have been unmindful of the economic situation and continue to soar high. Where is all this leading to? Read CK Narayan's predictions.
4. Sensex's Longest Winning Streak Since October
Banks and information technology stocks helped Indian equities continue their record run. Both Sensex and Nifty ended with gains of 0.5% today.
5. Godrej Consumer Expects Double-Digit Sales Growth In Q3
The company expects India sales growth “near low double-digits” for the second straight quarter, driven by more than mid-single-digit volume growth, according to an exchange filing.
6. Pause In Petrol, Diesel Price Hikes To Crimp Oil Firms’ Margins
India's state-run oil retailers have not increased prices of auto fuels for nearly a month despite a rise in crude prices. Sooner or later, that will show up in their financials.
7. A Job Crunch In India’s Flagship Employment Scheme
Demand for work under the Mahatma Gandhi National Rural Employment Guarantee scheme has remained high since the lockdown lifted. But the government’s resources are running out. And the supply of work has already taken a hit.
8. India’s Gold Imports Tumble To Lowest Since 2009
The coronavirus chaos led India’s gold imports to fall to a decadal low as buyers remained on the sidelines. Consumption stumbled for a second year in a row as record-high local prices curbed demand.
9. Nykaa Plans IPO At $3 Billion Value
Cosmetic product retailer Nykaa E-Retail Pvt. is planning an initial public offering as soon as this year, Bloomberg News reporting citing people familiar with the matter.
10. Supreme Court Allows Central Vista Project To Go Ahead
The Supreme Court has allowed the Narendra Modi government to build a new parliament complex saying that the project did not violate environment or land use norms. However, a conservation panel will decide on the renovation of the area before construction.