5 Minutes Read

All UK children to get free COVID-19 test kits

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Free, twice-weekly tests will be provided to children’s households regardless of whether anyone has symptoms, officials said Sunday.

Britain’s government says families with children in school will be provided with free coronavirus home test kits as part of plans for schools to reopen beginning on March 8. Free, twice-weekly tests will be provided to children’s households regardless of whether anyone has symptoms, officials said Sunday. The tests will also be offered to adults working with schools, including bus drivers.

Education Secretary Gavin Williamson said testing family members will provide another layer of reassurance to parents and education staff that schools are as safe as possible. Schools in England have been closed except to children of key workers since January.

Also Read: US FDA gives emergency use authorisation to COVID-19 vaccine from J&J

Britain is also racing ahead with its vaccination program, with almost 20 million in the UK who have now had the first jab. Some 2 million people aged 60 to 63 in England will start getting invitations to book their shots beginning on Monday. The government aims to offer a first jab to all adults by the end of July.

Britain has Europe’s worst virus death toll at nearly 123,000 dead.

Click here: For the latest news and updates on COVID-19

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Telecom spectrum auctions kick-start today: Key things to know

telecom

Telecom spectrum auctions kick off on Monday with 2,251 megahertz (MHz) of airwaves are up for grabs. The government’s valuation for airwaves up for sale is Rs 3.92 lakh crore. It is pertinent to note that there won’t be any auction for the 5G spectrum.

We are going to see spectrum auctions after a gap of five years. So this is going to be very crucial for the future of the telecom companies in India.

However, with the money deposited by the three telecom companies in India, it appears that the bidding is going to be subdued. The maximum paid by Reliance Jio is Rs 10,000 crore while Bharti Airtel has paid Rs 3,000 crore and Vodafone-Idea remains at sub-Rs 500 crore.

Watch the video for more

Disclosure: Reliance Industries, the parent company of Reliance Jio, owns Network 18 that publishes CNBCTV18.com.

 5 Minutes Read

How to register for COVID-19 vaccine on co-win app? Here’s a step-by-step guide

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The COVID-19 vaccination drive for people above 60 years and those aged 45 and above with comorbidities started on Monday in the second phase of inoculation.

The COVID-19 vaccination drive for people above 60 years and those aged 45 and above with comorbidities started on Monday in the second phase of inoculation. The registration for the same can be done on the Co-WIN2.0 portal.

People can register and book an appointment for vaccination, anytime and anywhere, using the Co-WIN 2.0 portal or through other IT applications such as Arogya Setu.

Here are the steps to register for COVID vaccine:

Step 1: Use Co-Win app, Aarogya Setu app or log on to cowin.gov.in

Step 2: Enter your mobile number

Step 3: Get an OTP to create your account

Step 4: Fill in your name, age, gender and upload an identity document

Step 5: If 45+, upload doctor’s certificate as comorbidity proof

Step 6: Choose the centre and date

Up to 4 appointments can be made by one mobile number. Once registration is completed; the system will show the ‘account details’. Citizens can further add 3 more people linked with this mobile number by clicking on the ‘add more’ button at the bottom right side of the page, according to the user guide manual.

Once vaccinated for the first dose, the citizen will be automatically scheduled appointment for dose 2 for the same centre of receiving the first dose of vaccination. In case the user has moved to another city, the appointment can be rescheduled for the nearest vaccination centre in that city.

Other options are also available for senior citizens who are not tech-savvy. They can go to common service centres and get themselves registered.
A call centre number – 1507 – can also be availed for the same.

Apart from 20,000 government hospitals, 10,000 private hospitals, more than 600 hospitals empanelled under CGHS and other private hospitals empanelled under State Government’s Health Insurance Schemes have been roped in for the vaccination drive.

Meanwhile, Prime Minister Narendra Modi took his first dose of the COVID-19 vaccine at AIIMS and appealed to all those who are eligible to get inoculated. Sister P Niveda, from Puducherry, administered Bharat Biotech’s COVAXIN to the prime minister.

”Took my first dose of the COVID-19 vaccine at AIIMS. Remarkable how our doctors and scientists have worked in quick time to strengthen the global fight against COVID-19,” Modi tweeted after taking the vaccine shot. ”I appeal to all those who are eligible to take the vaccine. Together, let us make India COVID-19 free!” he said.

-With PTI inputs

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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 5 Minutes Read

Trump repeats election lie, declares himself future of the Republican Party

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Refusing to admit he lost the Nov. 3 presidential election to Joe Biden, Trump offered a withering critique of his Democratic successor’s first weeks in office and suggested he might run again.

Former President Donald Trump on Sunday hinted at a possible run for president again in 2024, attacked President Joe Biden, and repeated his fraudulent claims that he won the 2020 election in his first major appearance since leaving the White House nearly six weeks ago.

”Our movement of proud, hard-working American patriots is just getting started, and in the end we will win. We will win,” Trump said in a speech at the Conservative Political Action Conference in Orlando, Florida.

Refusing to admit he lost the Nov. 3 presidential election to Joe Biden, Trump offered a withering critique of his Democratic successor’s first weeks in office and suggested he might run again.

”They just lost the White House,” the Republican former president said after criticizing Biden’s handling of border security. ”But who knows, who knows, I may even decide to beat them for a third time.”

Trump’s tumultuous final weeks in office saw his supporters launch a deadly attack on the US Capitol on Jan. 6 in an attempt to block Congress from certifying Biden’s election victory, a win that Trump falsely claimed was tainted by widespread fraud.

A civil war has erupted within the Republican Party with establishment figures like Senate minority leader Mitch McConnell eager to put Trump in the rearview mirror and others, like Trump ally Senator Lindsey Graham, believing the party’s future depends on the energy of the pro-Trump conservative base.

Trump declared the Republican Party is united and said he had no plans to try to launch a third party, an idea he has discussed with advisers in the last couple of months.

”We’re not starting new parties. We have the Republican Party. It’s going to be united and be stronger than ever before. I am not starting a new party,” he said.

The results of a straw poll of CPAC conference participants gave Trump a strong show of support with 55 percent saying they would vote for him in the 2024 Republican presidential nomination race. Florida Governor Ron DeSantis came in second place with 21 percent.

Without Trump, DeSantis led the field with 43 percent, and other potential Republican candidates had single digits.

But not everyone supported Trump. A separate question on the poll asked whether Trump should run again in 2024 and it led to a mixed result, with 68 percent saying he should run and 32 percent saying opposed or having no opinion.

”It’s tough to get seven out of 10 to agree on anything,” pollster Jim McLaughlin told CPAC in explaining away the results.

Still, Trump fervor at the four-day CPAC event has been so strong that Trump’s eldest son Donald Trump Jr. declared it ”T-PAC” and participants rolled out a golden statue of the former president.

Also Read: US still open to Iran nuclear talks after Iran”s rejection

In the short term, he is making plans to set up a super PAC political organization to support candidates who mirror his policies, an adviser said.

Starting his speech more than an hour late, Trump said he wanted to save the culture and identity of the United States.

He sought to position himself as the lead critic of the new president, including on immigration and security along the U.S. border with Mexico, and the slow reopening of schools closed due to the pandemic.

”Joe Biden has had the most disastrous first month of any president in modern history,” Trump said.

Recent polls have given Biden a job approval rating well past 50 percent, a strong showing from Americans.

The Biden White House has made it clear it plans to ignore Trump’s speech.

“Our focus is certainly not on what President Trump is saying” at CPAC, White House spokeswoman Jen Psaki told reporters last week.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Today’s stock tips by Sudarshan Sukhani, Mitessh Thakkar

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

CNBC-TV18’s in-house panel of experts has laid down a list of stocks for the investors to buy/sell in trade today.

Indian Indices are likely to start the week on a higher note following gains in Asian peers after last week’s selloff due to rising yields. The SGX Nifty was trading over 200 points higher around 14,750 indicates a gap-up opening for the markets. CNBC-TV18’s in-house panel of experts has laid down a list of stocks for the investors to buy/sell in trade today.

Here are the top buy-sell calls by market experts for Monday:

Sudarshan Sukhani – s2analytics.com

– Buy Vedanta with a stop loss of Rs 205, target at Rs 210

– Buy Tata Chemicals with a stop loss of Rs 730, target at Rs 752

– Buy Godrej Properties with a stop loss of Rs 1,520, target at Rs 1,565

– Sell Asian Paints with a stop loss of Rs 2,305, target at Rs 2,245

Mitessh Thakkar – mitesshthakkar.com

– Buy Coal India with a stop loss of Rs 136, target at Rs 165

– Buy BHEL with a stop loss of Rs 46, target at Rs 51

– Sell Asian Paints with a stop loss of Rs 2,340, target at Rs 2,225

– Buy ONGC with a stop loss of Rs 109, target at Rs 116

Catch all live market updates here

Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

10 things you need to know before the opening bell on March 1

1. Wall Street | The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index’s worst performance in four months the day before as fears of rising inflation kept U.S. bond yields near a one-year high. The Dow Jones Industrial Average fell 480.04 points, or 1.53 percent, to 30,921.97, the S&P 500 lost 18.85 points, or 0.49 percent, to 3,810.49 and the Nasdaq Composite added 64.55 points, or 0.49 percent, to 13,183.98. (Image: Reuters)
2. Asian Markes | Asian shares rallied on Monday as some semblance of calm returned to bond markets after last week’s wild ride, while progress in the huge US stimulus package underpinned optimism about the global economy and sent oil prices higher. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.8 percent, after shedding 3.7 percent last Friday. Japan’s Nikkei rallied 2.1 percent, while Chinese blue chips added 0.5 percent. NASDAQ futures bounced 1.2 percent and S&P 500 futures 0.9 percent.
BSE joins hands with Telangana govt to help MSMEs raise equity funds
3. Indian market on Friday | The Indian equity indices ended more than 3 percent lower Friday following a sharp selloff in global markets as rising bond yields spooked investors. The Sensex slumped 1,939.32 points, or 3.80 percent to close at 49,099.99, while the Nifty ended at 14,529.15, down 568.20 points, or 3.76 percent. Broader markets, smallcap and midcap indices fell over 1 percent each. All the sectoral indices ended with heavy losses over 1-4 percent.
brent crude oil
4. Crude oil | Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge US stimulus package and on hopes for improving oil demand as vaccines are rolled out. Brent crude futures for May rose $1.07, or 1.7 percent, to $65.49 per barrel. US West Texas Intermediate (WTI) crude futures jumped $1.10, or 1.8 percent, to $62.60 a barrel.
Rupee settles flat at 73.59 against US dollar
5. Rupee | The Indian rupee on Friday posted its biggest single-day fall in nearly 19 months, tumbling 104 paise to close at 73.47 against the US dollar as a rout in global bond markets weighed on investor sentiments. At the interbank forex market, the local unit opened at 72.43 against the greenback, then lost further ground to touch an intra-day low of 73.51. It finally ended at 73.47 against the American currency, registering a massive fall of 104 paise over its previous close the biggest single-day fall for the rupee since August 5, 2019.
6. India’s Q3 GDP expands 0.4% | After witnessing two successive quarters of negative growth, India is out of a technical recession after recording growth of 0.4 percent, showed data released by the National Statistical Office (NSO) on Friday. As per government data, India’s GDP increased 0.4 percent during the third quarter ended December 31, 2020.
7. COVID-19 vaccination | The COVID-19 vaccination drive for people above 60 years and those aged 45 and above with comorbidities begins from March 1 in the second phase of inoculation. The registration for the same will be done on the Co-WIN2.0 portal from 9 am on Monday. Prime Minister Narendra Modi on Monday took his first dose of the COVID-19 vaccine at AIIMS Delhi.
8. US passes $1.9 trillion pandemic bill | The House approved a USD 1.9 trillion pandemic relief bill that was championed by President Joe Biden. That ships the bill to the Senate, where Democrats seem bent on resuscitating their minimum wage push and fights could erupt over state aid and other issues.
9. Eight core industries’ output up 0.1% in Jan | The output of eight core infrastructure sectors grew marginally by 0.1 percent in January, mainly due to growth in the production of fertiliser, steel and electricity. The core sectors had expanded by 2.2 percent in January 2020, according to the provisional data released by the Commerce and Industry Ministry on Friday.
Rupee logs fourth straight gains, rises 7 paise against US dollar
10. FPIs invest Rs 25,787 crore in Indian equities in Feb | The net foreign portfolio investments (FPI) into the Indian equities in February was Rs 25,787 crore. The total net FPIs in 2020 now stand at Rs 45,260 crore, as per NSDL data. So far, in the financial year 2021-22, net FPIs into equities stood at Rs 2.63 lakh crore, the highest ever FPI inflow into the country.
 5 Minutes Read

MarketBuzz Podcast With Reema Tendulkar: Sensex, Nifty likely to open higher; RIL, Tata Motors in focus

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The Indian market is likely to open higher Monday as the trend on SGX Nifty indicates a strong start for the broader index in India. The Nifty futures were trading 213.00 points or 1.47 percent higher at the 14,737.50 level on the Singaporean Exchange at 8:20 am.

The Indian market is likely to open higher Monday as the trend on SGX Nifty indicates a strong start for the broader index in India. The Nifty futures were trading 213.00 points or 1.47 percent higher at the 14,737.50 level on the Singaporean Exchange at 8:20 am.


About MarketBuzz

The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors. MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to jumpstart your stock market investing. Subscribe to our free podcasts on Audioboom or listen on the featured podcast page on CNBCTV18.com.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

Monday’s top brokerage calls: Bank of Baroda, Tata Motors, Telcos and more

Stocks to buy
Nomura on Bank of Baroda: The brokerage downgrades the stock to ‘reduce’ from ‘neutral’ and cuts the target to Rs 72 per share from Rs 70 earlier. It sees risks of higher NPL formation over FY22-23.
Credit Suisse on Tata Motors: The brokerage maintains a ‘neutral’ call on the stock with a target at Rs 304 per share. It added that concerns on near-term trajectory kept it ‘neutral’ but raised earnings by 9-13 percent over FY22-23.
Credit Suisse on Nestle: The brokerage maintains a ‘neutral’ call on the stock with a target at Rs 17,800 per share. It remains positive on the medium-term outlook of the stock.
Credit Suisse on Telecom: As per the brokerage, Jio’s new 4G feature phone is unlikely to have any material impact on Airtel/Vodafone Idea.
Goldman Sachs on Telecom: Bharti Airtel may offset the negative impact from JioPhone via market share win from Vodafone Idea, said the brokerage. It foresees limited impact on Bharti from the JioPhone launch.
 5 Minutes Read

Coronavirus news highlights: UK tracks Brazilian variant, Nepal looks to buy 2 mn vaccines from India

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Coronavirus LIVE: India’s COVID-19 tally surpassed 1.11 crore on Monday with 15,510 new infections, while the active cases registered an increase for the fifth consecutive day and were recorded at 1,68,627, according to the Union Health Ministry data. The total coronavirus cases reached 1,11,12,241 in the country, while the death toll rose to 1,57,157 with 106 new fatalities, the data updated at 8 am on Monday showed. The number of people who have recuperated from the disease surged to 1,07,86,457, which translates to a national COVID-19 recovery rate of 97.07 percent, it stated. The case fatality rate has dropped to 1.41 percent. The active cases further increased to 1,68,627, which comprises 1.52 percent of the total infections, as per the data.

Coronavirus news highlights: India’s COVID-19 tally surpassed 1.11 crore on Monday with 15,510 new infections, while the active cases registered an increase for the fifth consecutive day and were recorded at 1,68,627, according to the Union Health Ministry data. The total coronavirus cases reached 1,11,12,241 in the country, while the death toll rose to 1,57,157 with 106 new fatalities, the data updated at 8 am on Monday showed. The number of people who have recuperated from the disease surged to 1,07,86,457, which translates to a national COVID-19 recovery rate of 97.07 percent, it stated. The case fatality rate has dropped to 1.41 percent. The active cases further increased to 1,68,627, which comprises 1.52 percent of the total infections, as per the data.

India’s COVID-19 tally had crossed the 20-lakh mark on August 7, 30 lakh on August 23, 40 lakh on September 5 and 50 lakh on September 16.
It went past 60 lakh on September 28, 70 lakh on October 11, 80 lakh on October 29, 90 lakh on November 20 and surpassed the one-crore mark on December 19. According to the Indian Council of Medical Research (ICMR), a total of 21,68,58,774 samples have been tested for coronavirus till February 28, with 6,27,668 samples being tested on Sunday.

Stay tuned with live updates with CNBC-TV18’s live blog

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sensex ₹1,882.60 +8.30
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nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
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nifty bank ₹1,318.95 -1.95

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US still open to Iran nuclear talks after Iran”s rejection

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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A senior administration official said the US was “disappointed” in the rejection but was flexible as to the timing and format of the talks and saw Iran’s decision to snub the European invitation as part of the diplomatic process.

The Biden administration said Sunday it remains open to talks with Iran over the 2015 nuclear deal despite Tehran’s rejection of an EU invitation to join a meeting with the US and the other original participants in the agreement.

A senior administration official said the US was “disappointed” in the rejection but was flexible as to the timing and format of the talks and saw Iran’s decision to snub the European invitation as part of the diplomatic process. The official said the US would be consulting with the other participants — Britain, China, France, Germany, Russia and the European Union — on the way forward.

The official was not authorized to discuss the matter by name and spoke on condition of anonymity.

Earlier Sunday, Iran turned down the offer for talks saying the “time isn’t ripe” for the meeting, at which the US would have participated as an observer. Iran had been insisting that the US lift or ease sanctions imposed on it by the Trump administration under its “maximum pressure campaign” before sitting down with the United States.

President Joe Biden has said repeatedly that the US would return to the deal that his predecessor, Donald Trump, withdrew from in 2018 only after Iran restores its full compliance with the accord.

“Considering US/E3 positions & actions, time isn’t ripe for the proposed informal meeting,” Iranian foreign ministry spokesman Saeed Khatibzadeh said on Twitter. He referred to the so-called E3, which comprises Britain, France and Germany.

“Remember: Trump failed to meet because of his ill-advised ‘Max Failure,'” he said. “With sanctions in place, same still applies. Censuring is NOT diplomacy. It doesn’t work with Iran.”

The Biden administration announced earlier this month that it would accept an EU invitation to participate in a meeting of deal participants and at the same time rescinded a Trump determination from the UN Security Council that Iran was insignificant breach of the agreement that all UN sanctions had been restored.

The UN move had little practical effect as nearly all members of the world body had rejected Trump’s determination because the US was no longer a participant in the nuclear deal. Biden administration officials said the withdrawal of the determination was intended to show goodwill toward its partners and at the same time had eased severe restrictions on the movement of Iranian diplomats posted to the UN

Separately on Sunday, the State Department condemned a weekend attack by Iran-backed Yemeni rebels on Saudi Arabia, saying it damaged prospects for peace. Along with the overtures to Iran on the nuclear front, the Biden administration also reversed several late Trump administration moves against Iranian-backed rebels in Yemen.

Secretary of State Antony Blinken rescinded his predecessor’s designation that the Houthi rebels were a “foreign terrorist organization,” a move that the UN and relief groups had said would make the already disastrous humanitarian situation in Yemen even worse. In addition, the Biden administration decided to halt all offensive assistance to Saudi Arabia for its military campaign against the Houthis in Yemen.

The Houthis, however, have stepped up their operations in the country, pressing ahead with an offensive in Marib province and launching attacks on Saudi Arabia.

On Saturday, Saudi authorities said they had intercepted a missile attack over their capital and reported that bomb-laden drones had targeted a southern province, the latest in a series of airborne assaults they have blamed on the Houthis.

State Department spokesman Ned Price on Sunday said the US “strongly condemns the Houthis’ attacks on population centers in Saudi Arabia.” He said they “threaten not only innocent civilians but also prospects for peace and stability in Yemen” and called on the Houthis “to end these egregious attacks.”

“The United States remains committed to its longstanding partnership with the Kingdom of Saudi Arabia and to helping Saudi Arabia defend its territory as it faces attacks from Iranian-aligned groups,” Price said.

On Friday, the Biden administration further strained ties with the Saudis when it published a declassified intelligence report finding that Saudi Arabia’s crown prince had ordered an operation to capture or kill Jamal Khashoggi, a Washington Post journalist and US resident who was brutally slain at the Saudi consulate in Turkey. Saudi Arabia has forcefully rejected the report’s conclusions.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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