Tuesday, March 31, 2020

4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect

The government's mega merger plan to strengthen the financial system came into effect on Wednesday,combining 10 state-run banks into four. Announced in August last year, the merger combines Punjab...

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4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect

The government's mega merger plan to strengthen the financial system came into effect on Wednesday,combining 10 state-run banks into four. Announced in August last year, the merger combines Punjab...

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Sensex Slumps 700 Points, Nifty Breaks 8,400 As Financial Stocks Drag

At 10.28 am, the Sensex was at 28,687, weaker by 780 points or 2.5 per cent and the Nifty was at 8,380, down 212 points or 2.5 per cent.

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Sensex Slumps 700 Points, Nifty Breaks 8,400 As Financial Stocks Drag

At 10.28 am, the Sensex was at 28,687, weaker by 780 points or 2.5 per cent and the Nifty was at 8,380, down 212 points or 2.5 per cent.

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Coronavirus Lockdown May Hurt Government's Plan to Sell Record Bonds

The government on Tuesday said it will sell Rs 4.88 lakh crore ($64.5 billion) of bonds in the six months to September. While the number is less than what the market expected, the auctions may get...

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Coronavirus Lockdown May Hurt Government's Plan to Sell Record Bonds

The government on Tuesday said it will sell Rs 4.88 lakh crore ($64.5 billion) of bonds in the six months to September. While the number is less than what the market expected, the auctions may get...

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Oil's Unparalleled Demand Crash Likely To Be Gamechanger For Industry

Goldman sees around 20 million barrels a day flowing into storage in April, while IHS Markit expects the world will run out of space to store oil by the middle of the year.

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Oil's Unparalleled Demand Crash Likely To Be Gamechanger For Industry

Goldman sees around 20 million barrels a day flowing into storage in April, while IHS Markit expects the world will run out of space to store oil by the middle of the year.

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Government Promulgates Ordinance To Make PM Cares Donations Tax Free

The ordinance amends a provision in the Income Tax Act to allow 100 per cent deduction on donations to the PM-CARES Fund.

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Indian Banks Association Answers All Questions About Loan Moratorium

Last week, the Reserve Bank of India announced a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on working capital facilities,

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Interest Rates Cut For PPF, 7 Other Small Savings Schemes

Currently, the Ministry of Finance offers nine types of small saving schemes, including Public Provident Fund (PPF), Kisan Vikas Patra and Sukanya Samriddhi.

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Government Promulgates Ordinance To Make PM Cares Donations Tax Free

The ordinance amends a provision in the Income Tax Act to allow 100 per cent deduction on donations to the PM-CARES Fund.

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Indian Banks Association Answers All Questions About Loan Moratorium

Last week, the Reserve Bank of India announced a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on working capital facilities,

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Interest Rates Cut For PPF, 7 Other Small Savings Schemes

Currently, the Ministry of Finance offers nine types of small saving schemes, including Public Provident Fund (PPF), Kisan Vikas Patra and Sukanya Samriddhi.

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Markets Set To Open Lower

Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil...

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Markets Set To Open Lower

Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil...

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Nifty Suffers Worst March Since Inception As Coronavirus Rattle Investors

In the month of March alone, investors wealth worth Rs 37.23 lakh crore was wiped out and the foreign institutional investors till Monday pulled out Rs 58,348 crore.

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Sensex Closes 1,028 Points Higher, Nifty Settles At 8,598

Analysts say that volatility cannot be ruled out in the near term as investors assess the rising coronavirus cases against the policy measures announced to curb the outbreak.

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Sensex Closes 1,028 Points Higher, Nifty Settles At 8,598

Analysts say that volatility cannot be ruled out in the near term as investors assess the rising coronavirus cases against the policy measures announced to curb the outbreak.

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Bond Markets Rally On New Foreign Investment Category, H1 Borrowing In Focus

RBI announced a new category for foreign investors, while hopes of a reduction in April's borrowing or cancellation ahead of the first-half borrowing plan aided sentiment.

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Bond Markets Rally On New Foreign Investment Category, H1 Borrowing In Focus

RBI announced a new category for foreign investors, while hopes of a reduction in April's borrowing or cancellation ahead of the first-half borrowing plan aided sentiment.

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Gold Futures Rangebound Near Rs 43,650-43,800/10 Grams Amid Coronavirus

At 12:08 pm, the gold futures contract (delivery on April 3) was down 0.42 per cent (Rs 186 per 10 grams) at Rs 43,656 per 10 grams.

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Gold Futures Rangebound Near Rs 43,650-43,800/10 Grams Amid Coronavirus

At 12:08 pm, the gold futures contract (delivery on April 3) was down 0.42 per cent (Rs 186 per 10 grams) at Rs 43,656 per 10 grams.

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Monday, March 30, 2020

Coronavirus One Of Toughest Challenges World Faced With: Infosys CEO

It is already working with multiple state governments and NGOs to expand its reach across the country, the Foundation said.

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Forex Markets To Remain Shut On Wednesday

The money markets will also remain closed on April 2, April 6, April 10 and April 14.

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Coronavirus One Of Toughest Challenges World Faced With: Infosys CEO

It is already working with multiple state governments and NGOs to expand its reach across the country, the Foundation said.

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Forex Markets To Remain Shut On Wednesday

The money markets will also remain closed on April 2, April 6, April 10 and April 14.

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Another Plunge Takes Crude Benchmarks To Lowest Levels Since 2002

Global oil benchmark brent crude plunged as investors faced the growing prospect that the global coronavirus shutdown could last for months

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Government, RBI Try To Cushion An Economy In Slump Even Before COVID-19

A series of steps announced this year aim to encourage banks to lend. Measures announced by the Reserve Bank of India since early February inject cash equivalent to 3.2% of the country's gross...

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Gold Prices Set For Sixth Straight Quarterly Gain

The metal was up about 6.5 per cent for the quarter as fears of economic fallout from the coronavirus pandemic provided support for the bullion

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Another Plunge Takes Crude Benchmarks To Lowest Levels Since 2002

Global oil benchmark brent crude plunged as investors faced the growing prospect that the global coronavirus shutdown could last for months

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Government, RBI Try To Cushion An Economy In Slump Even Before COVID-19

A series of steps announced this year aim to encourage banks to lend. Measures announced by the Reserve Bank of India since early February inject cash equivalent to 3.2% of the country's gross...

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Gold Prices Set For Sixth Straight Quarterly Gain

The metal was up about 6.5 per cent for the quarter as fears of economic fallout from the coronavirus pandemic provided support for the bullion

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Rupee Edges Higher To 75.51 Against Dollar

Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.

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Rupee Edges Higher To 75.51 Against Dollar

Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.

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Sensex, Nifty Open Higher

On Monday, the Sensex had ended 1,375.27 points (4.61 per cent) lower at 28,440.32 - extending losses to a second straight session, and the Nifty settled at 8,281.10, down 379.15 points - or 4.38 per...

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Sensex, Nifty Open Higher

On Monday, the Sensex had ended 1,375.27 points (4.61 per cent) lower at 28,440.32 - extending losses to a second straight session, and the Nifty settled at 8,281.10, down 379.15 points - or 4.38 per...

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Markets Likely To Have A Positive Start

The MSCI's broadest index of Asia-Pacific shares outside Japan rise 1.1 per cent. Japan's Nikkei firmed 1 per cent after a jittery start, while South Korea added 2 per cent.

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Markets Likely To Have A Positive Start

The MSCI's broadest index of Asia-Pacific shares outside Japan rise 1.1 per cent. Japan's Nikkei firmed 1 per cent after a jittery start, while South Korea added 2 per cent.

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Gold Prices Go Up As Coronavirus-Led Growth Fears Spur Safety Buying

Investors' appetite for riskier assets remained weak as fears mounted that the global coronavirus shutdowns could last for months.

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Government Eases PF Rules. How To Request A Withdrawal Online

The government last week announced withdrawal of up to 75 per cent of the amount standing to member's credit in the employee provident fund (EPF) account or basic wages and dearness allowance for...

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Banks To Ensure Uninterrupted Services, Says Indian Banks' Association

The Indian Banks' Association has more than 250 members including public as well as private sector banks,co-operative banks and regional banks.

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Government Eases PF Rules. How To Request A Withdrawal Online

The government last week announced withdrawal of up to 75 per cent of the amount standing to member's credit in the employee provident fund (EPF) account or basic wages and dearness allowance for...

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Banks To Ensure Uninterrupted Services, Says Indian Banks' Association

The Indian Banks' Association has more than 250 members including public as well as private sector banks,co-operative banks and regional banks.

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Sensex Ends 1,375 Points Lower Amid Coronavirus Crisis

Analysts expect volatility to persist in the markets in the near term as investors assess the impact of the coronavirus-induced lockdown on the economy.

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All Banks Ensuring Branches Open, ATMs Working: Nirmala Sitharaman

All banks are ensuring that their branches are kept open, ATMs filled up & are working, Finance Minister Nirmala Sitharaman said in her tweet.

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Sensex Closes Lower For Second Straight Day

Analysts expect volatility to persist in the markets in the near term as investors assess the impact of the coronavirus-induced lockdown on the economy.

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ICICI Bank Launches Services Via WhatsApp Amid Coronavirus Lockdown. Here's How To Use

In order to initiate the services on their mobile phones, ICICI Bank customers will need to message Hi to the banks verified profile number

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All Banks Ensuring Branches Open, ATMs Working: Nirmala Sitharaman

All banks are ensuring that their branches are kept open, ATMs filled up & are working, Finance Minister Nirmala Sitharaman said in her tweet.

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ICICI Bank Launches Services Via WhatsApp Amid Coronavirus Lockdown. Here's How To Use

In order to initiate the services on their mobile phones, the customers will need to message Hi to the banks verified profile number

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Gold Futures Edge Lower, Defend Rs 43,200 Per 10 Grams Mark

Gold Rate Today: At 11:25 am, the gold futures contract (delivery on April 3) was down 0.67 per cent (Rs 291 per 10 grams) at Rs 43,280 per 10 grams.

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Gold Futures Edge Lower, Defend Rs 43,200 Per 10 Grams Mark

Gold Rate Today: At 11:25 am, the gold futures contract (delivery on April 3) was down 0.67 per cent (Rs 291 per 10 grams) at Rs 43,280 per 10 grams.

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Sunday, March 29, 2020

Sun Pharma Says Halol Issues Not Likely To Impact Business, Shares Rise

Sun Pharma said it continues to manufactureand distribute existing products for the US market.

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Crude Oil Futures Drop As Coronavirus Pandemic Darkens Demand Outlook

The oil markets have been slammed by demand destruction caused by the coronavirus pandemic and the Saudi Arabia-Russia price war that is flooding markets with extra supply.

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Sun Pharma Says Halol Issues Not Likely To Impact Business, Shares Rise

Sun Pharma said it continues to manufactureand distribute existing products for the US market.

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Crude Oil Futures Drop As Coronavirus Pandemic Darkens Demand Outlook

The oil markets have been slammed by demand destruction caused by the coronavirus pandemic and the Saudi Arabia-Russia price war that is flooding markets with extra supply.

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Coronavirus Crisis: IndiaNivesh Shuts Portfolio Management Business

IndiaNivesh Investment Managers became one of the first casualties of the current market meltdown in India.

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Coronavirus Crisis: IndiaNivesh Shuts Portfolio Management Business

IndiaNivesh Investment Managers became one of the first casualties of the current market meltdown in India.

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Sensex Falls Over 1,100 Points, Nifty Slips Below 8,350 Amid Virus Crisis

Analysts expect volatility to persist in the markets in the near term as investors assess the impact of the coronavirus-induced lockdown on the economy.

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Sensex Falls Over 1,100 Points, Nifty Slips Below 8,350 Amid Virus Crisis

Analysts expect volatility to persist in the markets in the near term as investors assess the impact of the coronavirus-induced lockdown on the economy.

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Gap-Down Opening Likely For Sensex, Nifty Amid Coronavirus Crisis

Analysts expect volatility to persist in the markets in the near term as investors assess the impact of the coronavirus-induced lockdown on the economy.

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Gap-Down Opening Likely For Sensex, Nifty Amid Coronavirus Crisis

Analysts expect volatility to persist in the markets in the near term as investors assess the impact of the coronavirus-induced lockdown on the economy.

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Manufacturing Recession Spreads To Services Sector: Report

The COVID-19 pandemic is unique in that it is a supply shock, a demand shock, and also a market shock and as production is curtailed around the world, many firms will not have necessary inputs, a new...

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Manufacturing Recession Spreads To Services Sector: Report

The COVID-19 pandemic is unique in that it is a supply shock, a demand shock, and also a market shock and as production is curtailed around the world, many firms will not have necessary inputs, a new...

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India To Be Grow Fastest Among G20 Economies Amid Corona Impact: Report

India will emerge as the fastest growing economy among the G20 countries even as Economist Intelligence Unit (EIU) has slashed India's GDP growth forecast to 2.1 per cent from 6 per cent in the light...

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India To Be Grow Fastest Among G20 Economies Amid Corona Impact: Report

India will emerge as the fastest growing economy among the G20 countries even as Economist Intelligence Unit (EIU) has slashed India's GDP growth forecast to 2.1 per cent from 6 per cent in the light...

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Saturday, March 28, 2020

Mega Merger Of State-Run Banks Comes Into Force From April 1, Says RBI

As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and...

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Mega Merger Of State-Run Banks Comes Into Force From April 1, Says RBI

As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and...

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Enough Stock Of Petrol, Diesel, LPG Available To Last Lockdown, Says Indian Oil

The nationwide lockdown that has shut businesses, suspended flights, stopped trains and brought almost entire vehicular movement to a halt, has impacted fuel demand with petrol, diesel and aviation...

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Enough Stock Of Petrol, Diesel, LPG Available To Last Lockdown, Says Indian Oil

The nationwide lockdown that has shut businesses, suspended flights, stopped trains and brought almost entire vehicular movement to a halt, has impacted fuel demand with petrol, diesel and aviation...

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Latest On The Spread Of The Coronavirus Around The World

Stocks across the globe fell on Friday after a historic three-day run-up, as skittish investors kept indices on track for their worst monthly and quarterly performances since 2008, while the dollar...

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Latest On The Spread Of The Coronavirus Around The World

Stocks across the globe fell on Friday after a historic three-day run-up, as skittish investors kept indices on track for their worst monthly and quarterly performances since 2008, while the dollar...

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State-Run Power Producers Asked To Ensure Supply Amid Virus Lockdown

The ministry has also directed the central electricity regulator to provide three months to distribution companies to make payments to power producers and halved the security deposit distribution...

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State-Run Power Producers Asked To Ensure Supply Amid Virus Lockdown

The ministry has also directed the central electricity regulator to provide three months to distribution companies to make payments to power producers and halved the security deposit distribution...

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State Bank Of India Cuts Fixed Deposit, Loan Interest Rates: 10 Points

State Bank of India (SBI) on Friday announced a cut of 75 basis points in its lending rates, hours after the Reserve Bank of India (RBI) announced a reduction of the same magnitude in the repo rate....

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State Bank Of India Cuts Rates After RBI Move Amid Coronavirus Crisis

State Bank of India (SBI) on Friday announced a cut of 75 basis points in its lending rates, hours after the Reserve Bank of India (RBI) announced a reduction of the same magnitude in the repo rate....

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Friday, March 27, 2020

World Already In Recession, Emerging Markets Need $2.5 Trillion, Says IMF

The IMF chief said the COVID-19 disease is adding immense pressure on emerging markets suffering from lost commerce, reduced exports and massive capital outflows.

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World Already In Recession, Emerging Markets Need $2.5 Trillion, Says IMF

The IMF chief said the COVID-19 disease is adding immense pressure on emerging markets suffering from lost commerce, reduced exports and massive capital outflows.

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RBI Defers Loan Re-Payment By Three Months To Offset Coronavirus Impact

Commercial, regional, rural, NBFCs and small finance banks can allow 3-month moratorium on payment of all term loan EMIs outstanding on March 31

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RBI Asks Lending Firms To Allow 3-Month Delay On EMI Payments

The Reserve Bank of India has also allowed banks for deferment of interest on working capital loans for the next three months - until June 2020.

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RBI Refrains From Giving Inflation Outlook; Says GDP Projections At Risk

RBI governor said that the growth projection of 4.7 per cent for the fourth quarter of 2019-20 and 5 per cent for the whole fiscal was "at risk."

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RBI Surpassed Market Expectations: Experts On Surprise 0.75% Rate Cut

RBI slashed rates on Friday, following other central banks, in an emergency move to counter the economic fallout from a fast-spreading coronavirus.

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RBI Surpassed Market Expectations: Experts On Surprise 0.75% Rate Cut

RBI slashed rates on Friday, following other central banks, in an emergency move to counter the economic fallout from a fast-spreading coronavirus.

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SpiceJet Expects A Surge In Demand As The Virus Is Contained

Which airlines are most at risk? Like the virus, the crisis is indiscriminate, affecting everyone from budget operators to national flag carriers.

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SpiceJet Expects A Surge In Demand As The Virus Is Contained

Which airlines are most at risk? Like the virus, the crisis is indiscriminate, affecting everyone from budget operators to national flag carriers.

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Markets Surrender Gains After RBI Cuts Repo Rate

At 11:50 am, the Sensex was trading at 29585, weaker by 344 points or 1.1 per cent and the Nifty was at 8,611, down 30 points or 0.3 per cent.

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Markets Surrender Gains After RBI Cuts Repo Rate

At 11:50 am, the Sensex was trading at 29585, weaker by 344 points or 1.1 per cent and the Nifty was at 8,611, down 30 points or 0.3 per cent.

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Thursday, March 26, 2020

RBI Cuts Rates To Tide Over "Disruptive" Impact of Coronavirus

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a cut of 75 basis points in the repo rate to 4.4 per cent, after an unscheduled meeting of its Monetary Policy Committee. Repo...

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RBI Governor Shaktikanta Das Highlights

The announcement came on the third day of a 21-day countrywide lockdown in India to fight the rapid spread of the coronavirus pandemic.

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RBI Cuts Rates To Tide Over "Disruptive" Impact of Coronavirus

The move came as India entered the third day of a 21-day countrywide lockdown to curb the rapid spread of the coronavirus pandemic.

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RBI Governor Shaktikanta Das Highlights

The announcement came on the third day of a 21-day countrywide lockdown in India to fight the rapid spread of the coronavirus pandemic.

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Moody's Cuts India GDP Growth Forecast To 2.5% In 2020

Moody's said that at the 2020 estimated growth rate, a sharp fall in incomes in India is likely, further weighing on domestic demand and the pace of recovery in 2021.

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Moody's Cuts India GDP Growth Forecast To 2.5% In 2020

Moody's said that at the 2020 estimated growth rate, a sharp fall in incomes in India is likely, further weighing on domestic demand and the pace of recovery in 2021.

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Coronavirus To Hit Indian Economy Hard, Amid Slowdown: Reuters Poll

India's already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll found.

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Coronavirus To Hit Indian Economy Hard, Amid Slowdown: Reuters Poll

India's already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll found.

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Sensex Jumps 1,150 Points, Nifty Touches 9,000 Ahead Of RBI Announcement

Equity markets elsewhere in Asia rose on Friday as investors wagered policymakers will roll out more stimulus measures to combat the coronavirus pandemic.

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Government Committed To Ensuring Supply Of Essential Goods: Piyush Goyal

"We are committed to ensuring that essential goods reach people in the most convenient and safest manner,"the Minister of Railways and Commerce said

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Sensex Opens Over 800 Points Higher, Nifty Above 8,900

Equity markets elsewhere in Asia rose on Friday as investors wagered policymakers will roll out more stimulus measures to combat the coronavirus pandemic.

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Government Committed To Ensuring Supply Of Essential Goods: Piyush Goyal

"We are committed to ensuring that essential goods reach people in the most convenient and safest manner,"the Minister of Railways and Commerce said

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Sensex Nifty Likely To Have A Positive Opening

MSCIs broadest index of Asia-Pacific shares outside Japan rose 1.0 per cent and Japan's Nikkei stock index rose 3.65 per cent

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Sensex Nifty Likely To Have A Positive Opening

MSCIs broadest index of Asia-Pacific shares outside Japan rose 1.0%. Australian shares were up 2.02%, while Japans Nikkei stock index rose 3.65%

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Government Provides Relief In PF Contribution, Relaxes Withdrawal Norms

Briefing the media about the measures, Finance Minister Nirmala Sitharaman said that for the next three months, the government will pay EPF contribution for both the employer and employee. However,...

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Sensex Falls Over 750 Points From Day's High, Nifty Below 8,550

Sensex rallied 1,564 points and the Nifty 50 index surpassed 8,700 mark on hopes of stimulus package for industrial sectors.

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5 Big Announcements In Finance Ministers Coronavirus Relief Package

Finance Minister Nirmana Sitharaman unveiled Rs 1.7 trillion economic stimulus package to help the poor and migrants tackle the financial difficulties

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Government Provides Relief In PF Contribution, Relaxes Withdrawal Norms

Briefing the media about the measures, Finance Minister Nirmala Sitharaman said that for the next three months, the government will pay EPF contribution for both the employer and employee. However,...

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Sensex Falls Over 750 Points From Day's High, Nifty Below 8,550

Sensex rallied 1,564 points and the Nifty 50 index surpassed 8,700 mark on hopes of stimulus package for industrial sectors.

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Rs 1.7 Lakh Crore-Package For Poor Amid Lockdown: "No One Will Go Hungry"

Finance Minister Nirmala Sitharaman today announced a food security scheme to help the economically weaker sections to tide over the added challenge of lockdown and job loss during the worldwide...

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Rs 1.7 Lakh Crore-Package For Poor Amid Lockdown: "No One Will Go Hungry"

Finance Minister Nirmala Sitharaman today announced a food security scheme to help the economically weaker sections to tide over the added challenge of lockdown and job loss during the worldwide...

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Centre Announces 1.7 Lakh Crore Package For Poor: "No One Will Go Hungry"

Many economists have warned of a sharp economic impact of the outbreak on India.

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Relief Package For Workers Affected Directly By Virus: Nirmala Sitharaman

Many economists have warned of a sharp economic impact of the outbreak on India.

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Big Basket, Other Online Retailers Resume Partial Operations

There is some clarity on what is permissible during lockdown and assurances that law enforcement authorities will ensure safety of delivery staff.

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Banks Plan To Shut Down Most Branches During Lockdown: Report

The Reserve Bank of India and major lenders are considering shutting down most branches across the country to prevent tens of thousands of employees from getting infected with the coronavirus, four...

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Big Basket, Other Online Retailers Resume Partial Operations

There is some clarity on what is permissible during lockdown and assurances that law enforcement authorities will ensure safety of delivery staff.

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Banks Plan To Shut Down Most Branches During Lockdown: Report

The Reserve Bank of India and major lenders are considering shutting down most branches across the country to prevent tens of thousands of employees from getting infected with the coronavirus, four...

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Wednesday, March 25, 2020

Banking Stocks Soar For Second Straight Day On Stimulus Hopes

Banking stocks are seeing frenzied buying for second straight session on expectations of a stimulus package to combat economic fallout of coronavirus.

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Banking Stocks Soar Folr Second Straight Day On Stimulus Hopes

Banking stocks are seeing frenzied buying for second straight session on expectations of a stimulus package to combat economic fallout of coronavirus.

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When Will Coronavirus-Hit Global Markets Heal? 12 Charts To Monitor

Stock markets lost almost a third of value, volatility spiked, credit stress soared and a dash for dollar cash worldwide amplified the anxiety.

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When Will Coronavirus-Hit Global Markets Heal? 12 Charts To Monitor

Stock markets lost almost a third of value, volatility spiked, credit stress soared and a dash for dollar cash worldwide amplified the anxiety.

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India May See Quarterly GDP Contraction, First In 2 Decades: Economists

With two of the three-week shutdown falling in April, gross domestic product growth in the quarter to June could contract about 5 per cent

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India May See Quarterly GDP Contraction, First In 2 Decades: Economists

With two of the three-week shutdown falling in April, gross domestic product growth in the quarter to June could contract about 5 per cent

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Sensex Rises Over 700 Points, Nifty Tops 8,500; Financial, IT Stocks Jump

On Wednesday, the Sensex surged 1,861.75 points - or 6.98 per cent - to end at 28,535.78, and the Nifty settled at 8,317.85, up 516.80 points - or 6.62 per cent - from the previous close, extending...

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Sensex Opens Over 500 Points Higher, Nifty Starts Day Near 8,450

On Wednesday, the Sensex surged 1,861.75 points - or 6.98 per cent - to end at 28,535.78, and the Nifty settled at 8,317.85, up 516.80 points - or 6.62 per cent - from the previous close, extending...

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Sensex, Nifty Likely To Open Lower

Equities in other Asian markets edged higher, with MSCI's broadest index of Asia-Pacific shares outside Japan moving up 0.3 per cent.

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Sensex, Nifty Likely To Open Lower

Equities in other Asian markets edged higher, with MSCI's broadest index of Asia-Pacific shares outside Japan moving up 0.3 per cent.

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Walmart Taps Sameer Aggarwal As CEO Of Best Price

Walmart India also said it was working towards identifying future bottlenecks, if they arise, to ensure supply chains remain intact.

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Sensex, Nifty Close 7% Higher, Extend Gains To Second Straight Day

Analysts said high volatility cannot be ruled out in the near term amid the rising number of COVID-19 cases.

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Sensex, Nifty Close 7% Higher, Extend Gains To Second Straight Day

Analysts said high volatility cannot be ruled out in the near term amid the rising number of COVID-19 cases.

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Some Ports Declare Force Majeure, Could Delay Oil Discharges: Report

The force majeure declaration could delay discharge of crude oil tankers, an Indian refining source told Reuters.

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Some Ports Declare Force Majeure, Could Delay Oil Discharges: Report

The force majeure declaration could delay discharge of crude oil tankers, an Indian refining source told Reuters.

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Government Bans Export Of Key Malaria Drug Amid Coronavirus Outbreak

Government has already banned export of ventilators, sanitizers and personal protection equipment such as masks and clothing to contain the outbreak.

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Government Bans Export Of Key Malaria Drug Amid Coronavirus Outbreak

Government has already banned export of ventilators, sanitizers and personal protection equipment such as masks and clothing to contain the outbreak.

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Petrol, Diesel Prices Unchanged For Ninth Straight Day Across Major Cities

Fuel prices across major cities remained unchanged for ninth consecutive day on Wednesday amid lockdown across several in the country. In the global market, crude oil rates have fallen to about $25 a...

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Petrol, Diesel Prices Unchanged For Ninth Straight Day Across Major Cities

Fuel prices across major cities remained unchanged for ninth consecutive day on Wednesday amid lockdown across several in the country. In the global market, crude oil rates have fallen to about $25 a...

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Flipkart Suspends Services As Lockdown Impedes Online Grocery Deliveries

Walmart Inc's Flipkart has suspended services, a notice on thee-commerce firm's website said on Wednesday, as India began a 21-day lockdown to fight the spread of the coronavirus pandemic. Prime...

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Flipkart Suspends Services As Lockdown Impedes Online Grocery Deliveries

Walmart Inc's Flipkart has suspended services, a notice on thee-commerce firm's website said on Wednesday, as India began a 21-day lockdown to fight the spread of the coronavirus pandemic. Prime...

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Tuesday, March 24, 2020

Gold Futures Jump Nearly 2% Amid Coronavirus (COVID19) Lockdown

At 11:45 pm, the gold futures contract (delivery on April 3) was up 1.57 per cent (Rs 649.00 per 10 grams) at Rs 42,028.00 per 10 grams, compared with the previous close of Rs 41,379.00 per 10 grams.

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Gold Futures Jump Nearly 2% Amid Coronavirus (COVID19) Lockdown

At 11:45 pm, the gold futures contract (delivery on April 3) was up 1.57 per cent (Rs 649.00 per 10 grams) at Rs 42,028.00 per 10 grams, compared with the previous close of Rs 41,379.00 per 10 grams.

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How India's Huge Call Centre Industry Is Coping With Lockdown

the call centres and IT services firms that function as the world's back office are struggling to piece together work-from-home solutions and other business-continuity plans

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How India's Huge Call Centre Industry Is Coping With Lockdown

the call centres and IT services firms that function as the world's back office are struggling to piece together work-from-home solutions and other business-continuity plans

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Forex Markets Shut On Wednesday For Gudhi Padwa Holiday

On Tuesday, the rupee had appreciated by 26 paise to end at 75.94 against the US dollar, gaining some ground after sinking to a lifetime closing low of 76.20 the previous day.

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Forex Markets Shut On Wednesday For Gudhi Padwa Holiday

On Tuesday, the rupee had appreciated by 26 paise to end at 75.94 against the US dollar, gaining some ground after sinking to a lifetime closing low of 76.20 the previous day.

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Sensex Rises Over 600 Points Amid Volatile Trade

Equities around the globe rebounded as the US Congress appeared closer to passing a $2-trillion stimulus package to shield the world's largest economy from the fast-spreading COVID-19 disease.

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Global Stocks Surge As Investors Place Hopes On US Stimulus

On Tuesday, MSCI's gauge of stocks across the globe rallied 8.39 per cent, the largest single-day gain since the wild swings seen during the height of the global financial crisis in October 2008.

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Sensex, Nifty Open Lower

Equities around the globe rebounded as the US Congress appeared closer to passing a $2-trillion stimulus package to shield the world's largest economy from the fast-spreading COVID-19 disease.

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Global Stocks Surge As Investors Place Hopes On US Stimulus

On Tuesday, MSCI's gauge of stocks across the globe rallied 8.39 per cent, the largest single-day gain since the wild swings seen during the height of the global financial crisis in October 2008.

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Sensex, Nifty Likely To Open Lower As 21-Day Lockdown Begins

Equities around the globe rebounded as the US Congress appeared closer to passing a $2-trillion stimulus package to shield the world's largest economy from the fast-spreading COVID-19 disease.

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Sensex, Nifty Likely To Open Lower As 21-Day Lockdown Begins

Equities around the globe rebounded as the US Congress appeared closer to passing a $2-trillion stimulus package to shield the world's largest economy from the fast-spreading COVID-19 disease.

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For 32 Minutes Today, Everything Was Quiet In India's Bond Market

The first signs that Indias Rs 59,25,000 crore sovereign bond market is cracking under the strain of the coronavirus pandemic showed up on Tuesday. For half an hour after trading started, nobody...

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Tax Deadlines Now June 30, Corporate Rules Eased: Centre's Corona Relief

Dozens of cities and at least 75 districts across the country entered a second day of lockdownto tackle the spread of coronavirus.

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Deadline For Filing I-T Returns For FY 2018-19 Extended Till 30 June

Announcing a slew of relaxation measures related to compliance and regulation, Finance Minister Nirmala Sitharaman on Tuesday said that the deadline for filing income tax returns for the financial...

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For 32 Minutes Today, Everything Was Quiet In India's Bond Market

The first signs that Indias Rs 59,25,000 crore sovereign bond market is cracking under the strain of the coronavirus pandemic showed up on Tuesday. For half an hour after trading started, nobody...

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Tax Deadlines Now June 30, Corporate Rules Eased: Centre's Corona Relief

Dozens of cities and at least 75 districts across the country entered a second day of lockdownto tackle the spread of coronavirus.

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Petrol, Diesel Prices Stagnant For Eighth Straight Day Across Major Cities

Fuel prices across major cities remained unchanged for eighth consecutive day on Tuesday amid lockdown across several in the country. In the global market, crude oil rates have fallen to about $25 a...

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Rupee Likely To Sink Below 77 Against Dollar Soon, Say Analysts

On Tuesday, the rupee edged higher to 76.02 against the US dollar amid gains in domestic equity markets, compared with the close of76.20 against the greenback. It is down around 6 per cent so far this...

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Petrol, Diesel Prices Stagnant For Eighth Straight Day Across Major Cities

Fuel prices across major cities remained unchanged for eighth consecutive day on Tuesday amid lockdown across several in the country. In the global market, crude oil rates have fallen to about $25 a...

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Rupee Likely To Sink Below 77 Against Dollar Soon, Say Analysts

On Tuesday, the rupee edged higher to 76.02 against the US dollar amid gains in domestic equity markets, compared with the close of76.20 against the greenback. It is down around 6 per cent so far this...

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India Needs Stimulus Plan Or It Risks Crippling Small Businesses, Say Industry Bodies

The government has acted to slow the spread of the virus which has infected 482 Indians and led to ten deaths, such as by advising people to stay home. Yet India is one of few nations to announce...

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India Needs Stimulus Plan Or It Risks Crippling Small Businesses, Say Industry Bodies

The government has acted to slow the spread of the virus which has infected 482 Indians and led to ten deaths, such as by advising people to stay home. Yet India is one of few nations to announce...

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Sensex Surges 900 Points, Nifty Reclaims 7,900 Amid Volatility

Buying in heavyweights like Infosys, Reliance Industries, Hindustan Unilever and HDFC helped Sensex and Nifty surge in noon deals.

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Sensex Surges 900 Points, Nifty Reclaims 7,900 Amid Volatility

Buying in heavyweights like Infosys, Reliance Industries, Hindustan Unilever and HDFC helped Sensex and Nifty surge in noon deals.

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Monday, March 23, 2020

How Billionaires Are Responding To PM Modi's Coronavirus Lockdown Call

Reliance Industries Ltd., controlled by India's richest man Mukesh Ambani, has helped equip a hospital in Mumbai dedicated to patients of Covid-19, the disease caused by the coronavirus.

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How Billionaires Are Responding To PM Modi's Coronavirus Lockdown Call

Reliance Industries Ltd., controlled by India's richest man Mukesh Ambani, has helped equip a hospital in Mumbai dedicated to patients of Covid-19, the disease caused by the coronavirus.

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Gold Jumps Over 1% As US Central Bank Ramps Up Support Measures

Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, rose 1.8% to 923.99 tonnes on Monday.

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Gold Jumps Over 1% As US Central Bank Ramps Up Support Measures

Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, rose 1.8% to 923.99 tonnes on Monday.

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Gap-Up Opening For Sensex, Nifty Amid Gains In Asian Markets

Analysts say volatility cannot be ruled out for the time being as investors assess the policy decisions announced by authorities around the globe to fight the rapid spread of the coronavirus...

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Gap-Up Opening For Sensex, Nifty Amid Gains In Asian Markets

Analysts say volatility cannot be ruled out for the time being as investors assess the policy decisions announced by authorities around the globe to fight the rapid spread of the coronavirus...

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Coronavirus Crisis: Airplane Makers Boeing, Airbus Take Production Hit

Moody's cut its outlook for the aerospace and defence industry to negative from stable and warned that even when markets recover, the damaged balance sheets of most airlines would hurt demand for new...

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Coronavirus Crisis: Airplane Makers Boeing, Airbus Take Production Hit

Moody's cut its outlook for the aerospace and defence industry to negative from stable and warned that even when markets recover, the damaged balance sheets of most airlines would hurt demand for new...

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Sensex, Nifty Likely To Open Higher After Worst Day Ever

Analysts say volatility cannot be ruled out for the time being as investors assess the policy decisions announced by authorities around the globe to fight the rapid spread of the coronavirus...

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Sensex, Nifty Likely To Open Higher After Worst Day Ever

Analysts say volatility cannot be ruled out for the time being as investors assess the policy decisions announced by authorities around the globe to fight the rapid spread of the coronavirus...

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RBI May Soon Allow Repurchase Ops In Corporate Bonds, Says Report

The RBI has pledged its readiness to take necessary action to ensure financial system stability, but for now it has refrained from cutting interest rates. Prime Minister Narendra Modi has announced...

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RBI May Soon Allow Repurchase Ops In Corporate Bonds, Says Report

The RBI has pledged its readiness to take necessary action to ensure financial system stability, but for now it has refrained from cutting interest rates. Prime Minister Narendra Modi has announced...

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Fuel Prices Unchanged For Seventh Straight Day Even As Crude Prices Slide

Fuel prices across major cities remained unchanged for seventh straight day on Monday amid lockdown across several in the country. In the global market, crude oil rates have fallen to about $25 a...

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Auto Makers Shut Plants Due To Coronavirus Scare

Automobile manufacturers across the country are shutting down manufacturing facilities to contain the spread of deadly coronavirus outbreak.

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Fuel Prices Unchanged For Seventh Straight Day Even As Crude Prices Slide

Fuel prices across major cities remained unchanged for seventh straight day on Monday amid lockdown across several in the country. In the global market, crude oil rates have fallen to about $25 a...

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Auto Makers Shut Plants Due To Coronavirus Scare

Automobile manufacturers across the country are shutting down manufacturing facilities to contain the spread of deadly coronavirus outbreak.

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Auto Stocks Skid As Coronavirus Lockdown Halts Production

The suspension of shipments by China in wake of the coronavirus outbreak will adversely impact the auto and auto-ancillary sectors in India

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Auto Stocks Skid as Coronavirus Lockdown Halts Production

The suspension of shipments by China in wake of the coronavirus outbreak will adversely impact the auto and auto-ancillary sectors in India

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Millions Of Retail Sector Jobs Threatened As Corona Hits Sales, Revenues

The coronavirus pandemic amid an economic slowdown has hit revenue at Indianretailersselling non essential items like clothes and jewelry by 75 per centso far and is likely to cause widespread job...

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Millions Of Retail Sector Jobs Threatened As Corona Hits Sales, Revenues

The coronavirus pandemic amid an economic slowdown has hit revenue at Indianretailersselling non essential items like clothes and jewelry by 75 per centso far and is likely to cause widespread job...

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Millions Of Retail Sector Jobs Threatened As Corona Hits Sales, Revenues

The coronavirus pandemic amid an economic slowdown has hit revenue at Indianretailersselling non essential items like clothes and jewelry by 75 per centso far and is likely to cause widespread job...

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IRCTC Hits Lower Circuit As Passenger Trains Come To A Halt

The closure of food plazas, refreshment rooms, Jan Aahars and cell kitchens across railway stations, will affect the revenues of IRCTC.

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Sunday, March 22, 2020

IRCTC Hits Lower Circuit As Passenger Trains Come To A Halt

The closure of food plazas, refreshment rooms, Jan Aahars and cell kitchens across railway stations, will affect the revenues of IRCTC.

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Sensex, Nifty Extend Losses As Trading Resumes After Halt Amid Virus Fear

Trading in the domestic stock markets resumed after a 45-minute halt following a 10 per cent plunge each in benchmark indices S&P BSE Sensex and Nifty 50. The Sensex index plunged as much as 3270.13...

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Sensex, Nifty Extend Losses As Trading Resumes After Halt Amid Virus Fear

Trading in the domestic stock markets resumed after a 45-minute halt following a 10 per cent plunge each in benchmark indices S&P BSE Sensex and Nifty 50. The Sensex index plunged as much as 3270.13...

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Rupee Drops Below 76 Mark Against Dollar Amid Coronavirus Crisis

Foreign investors remained net sellers in Indian capital markets as they pulled out more than Rs 3,345.95 crore on Friday, market data showed.

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Rupee Drops Below 76 Mark Against Dollar Amid Coronavirus Crisis

Foreign investors remained net sellers in Indian capital markets as they pulled out more than Rs 3,345.95 crore on Friday, market data showed.

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Sensex Opens 2,307 Points Lower, Nifty Starts Day At 7,946

Analysts say more correction may be up ahead as investors the world over assess the effectiveness of policy measures to curb the spread of the coronavirus outbreak.

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Sensex Opens 2,307 Points Lower, Nifty Starts Day At 7,946

Analysts say more correction may be up ahead as investors the world over assess the effectiveness of policy measures to curb the spread of the coronavirus outbreak.

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Global Stocks Crumble As More Nations Shut For Business To Curb Virus

There was little to cheer in coronavirus news as the global death toll exceeded over 14,000 with more than 300,000 infections.

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Sensex, Nifty Likely To Open Sharply Lower

The Nifty futures were trading at 7,738, lower by 11 per cent, on the Singaporean Exchange around 07:30 hours.

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Global Stocks Crumble As More Nations Shut For Business To Curb Virus

There was little to cheer in coronavirus news as the global death toll exceeded over 14,000 with more than 300,000 infections.

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Markets Likely To Open Weak

The Nifty futures were trading at 7,738, lower by 11 per cent, on the Singaporean Exchange around 07:30 hours.

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After 12% Weekly Loss, Market Recovery To Take A Long Time: Analysts

The S&P BSE Bankex and Finance indices shed 19.47 per cent and 18.86 per cent respectively.

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After 12% Weekly Loss, Market Recovery To Take A Long Time: Analysts

The S&P BSE Bankex and Finance indices shed 19.47 per cent and 18.86 per cent respectively.

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Equity Markets To Stay Under Pressure As Coronavirus Spreads: Report

The key Indian equity markets -- S&P BSE Sensex and NSE Nifty50 -- might face some pressure in the coming week as investors remain on the edge regarding the economic fallout of the COVID-19, analysts...

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Equity Markets To Stay Under Pressure As Coronavirus Spreads: Report

The key Indian equity markets -- S&P BSE Sensex and NSE Nifty50 -- might face some pressure in the coming week as investors remain on the edge regarding the economic fallout of the COVID-19, analysts...

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Jet Fuel Price Cut By 12%; Freeze On Petrol, Diesel Price Continues

Jet fuel prices were slashed by 12 per cent after oil firms reverted back to fortnightly revisions to pass on the benefit of falling crude oil prices, but rates of petrol and diesel remained unchanged...

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Jet Fuel Price Cut By 12%; Freeze On Petrol, Diesel Price Continues

Jet fuel prices were slashed by 12 per cent after oil firms reverted back to fortnightly revisions to pass on the benefit of falling crude oil prices, but rates of petrol and diesel remained unchanged...

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Saturday, March 21, 2020

Hero, Fiat Shut Manufacturing Plants In View Of Coronavirus

The country's biggest two-wheeler maker Hero MotoCorp on Sunday said it has shut all operations at its manufacturers facilities until March 31 to protect its employees from the fast-spreading...

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Hero MotoCorp Shuts All Manufacturing Plants In View Of Coronavirus

The country's biggest two-wheeler maker Hero MotoCorp on Sunday said it has shut all operations at its manufacturers facilities until March 31 to protect its employees from the fast-spreading...

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Banks Should Declare 1-Year Moratorium on All Loans: Assocham

Industry body Assocham has sought a blanket year-long moratorium by banks on debt repayment for both corporates and individuals to deal with the economic fallout of Covid-19. Accordingly, the industry...

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Banks Should Declare 1-Year Moratorium on All Loans: Assocham

Industry body Assocham has sought a blanket year-long moratorium by banks on debt repayment for both corporates and individuals to deal with the economic fallout of Covid-19. Accordingly, the industry...

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Cabinet Approves Schemes To Boost Electronics Manufacturing

The Cabinet approved 'production-linked incentive scheme (PLI)' scheme for promoting manufacturing of electronic components.

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Cabinet Approves Schemes To Boost Electronics Manufacturing

The Cabinet approved 'production-linked incentive scheme (PLI)' scheme for promoting manufacturing of electronic components.

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Coronavirus Crisis: Railways Extends Duration Of Cancelled Tickets Refund

Railways has also increased prices of platform tickets at over 500 railway stations from Rs 10 to Rs 50 to control the huge rush at the stations.

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Coronavirus Crisis: Railways Extends Duration Of Cancelled Tickets Refund

Railways has also increased prices of platform tickets at over 500 railway stations from Rs 10 to Rs 50 to control the huge rush at the stations.

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Government Asks Industry To Pay Salary On Time Amid Coronavirus Scare

The government has asked industry chambers to issue advisories to their corporate members asking them to pay employees salary.

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Industry Body For Rs 5,000 Cash Transfer To 20 Crore People Amid COVID-19

CII has suggested that savings from low oil prices could be channelised for additional spending required to keep the wheels of economy moving.

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Government Asks Industry To Pay Salary On Time Amid Coronavirus Scare

The government has asked industry chambers to issue advisories to their corporate members asking them to pay employees salary.

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Industry Body For Rs 5,000 Cash Transfer To 20 Crore People Amid COVID-19

CII has suggested that savings from low oil prices could be channelised for additional spending required to keep the wheels of economy moving.

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Friday, March 20, 2020

Walt Disney Delays Launch Of Streaming Service In India

The launch of Disney+ through its local partner Hotstar was timed to coincide with the beginning of the Indian Premier League.

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Foreign Exchange Reserves Plunge By $5.34 Billion

On a weekly basis, foreign currency assets, the largest component of the forex reserves, fell by $3.77 billion to $447.35 billion.

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Market Regulator Sebi Tightens Norms To Limit Volatility On Coronavirus

Sebi and stock exchanges were continuously monitoring market developments and would "take any further suitable actions" as required, the regulator said.

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Walt Disney Delays Launch Of Streaming Service In India

The launch of Disney+ through its local partner Hotstar was timed to coincide with the beginning of the Indian Premier League.

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Tata Motors Ready To Halt One Plant If Virus Concerns Deepen

Tata Motors will scale down its operations by the end of Monday and will be prepared to close the plant by Tuesday if things worsen

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Market Regulator Sebi Tightens Norms To Limit Volatility On Coronavirus

Sebi and stock exchanges were continuously monitoring market developments and would "take any further suitable actions" as required, the regulator said.

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Amid Coronavirus Crisis, Banks Seek More Time For Bad Loan Classification

According to the current norms, an account slips into the NPA category if repayment is delayed by 90 days. India has more than 200 confirmed coronavirus cases, with several hundred people in...

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Amid Coronavirus Crisis, Banks Seek More Time For Bad Loan Classification

According to the current norms, an account slips into the NPA category if repayment is delayed by 90 days. India has more than 200 confirmed coronavirus cases, with several hundred people in...

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Ready To Halt Pune Plant If Coronavirus Concerns Deepen: Tata Motors

The move by Tata Motors, which owns the British luxury car brands Jaguar and Land Rover, comes as the state recorded the highest number of confirmed cases of coronavirus in India.

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Ready To Halt Pune Plant If Coronavirus Concerns Deepen: Tata Motors

The move by Tata Motors, which owns the British luxury car brands Jaguar and Land Rover, comes as the state recorded the highest number of confirmed cases of coronavirus in India.

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Sensex, Nifty Close Nearly 6% Higher After Four-Day Selloff

Analysts say investors the world over are weighing the fast-spreading coronavirus pandemic against the policy measures being announced to fight its impact on business.

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Traders To Down Shutters On Sunday Due To Janata Curfew: Trade Body

"On the clarion call of Prime Minister Narendra Modi, 7 crore traders across the country will down their shutters on Sunday, March 22, to participate in Janata Curfew. About 40 crore employees of...

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Traders To Down Shutters On Sunday Due To Janata Curfew: Trade Body

"On the clarion call of Prime Minister Narendra Modi, 7 crore traders across the country will down their shutters on Sunday, March 22, to participate in Janata Curfew. About 40 crore employees of...

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Government Plans Tighter Controls Under New E-Commerce Policy: Report

The new policy will be the government's latest effort to tighten control over e-commerce and is likely to raise compliance worries for top firms such as Amazon and Walmart's Flipkart.

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Government Plans Tighter Controls Under New E-Commerce Policy: Report

The new policy will be the government's latest effort to tighten control over e-commerce and is likely to raise compliance worries for top firms such as Amazon and Walmart's Flipkart.

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Sensex, Nifty Take Breather From Coronavirus-Fueled Selloff

The rupee, which sank to a new all-time low of 75.3525 against the dollar on Thursday, was last weaker by 0.25 per cent.

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Sensex, Nifty Take Breather From Coronavirus-Fueled Selloff

The rupee, which sank to a new all-time low of 75.3525 against the dollar on Thursday, was last weaker by 0.25 per cent.

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Thursday, March 19, 2020

Rupee Gains By 34 Paise To 74.78 Against Dollar

According to the health ministry, the number of coronavirus cases in India increased to 195 on Friday.

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Rupee Gains By 34 Paise To 74.78 Against Dollar

According to the health ministry, the number of coronavirus cases in India increased to 195 on Friday.

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Sensex Rises Over 300 Points, Nifty Above 8,300 Amid Fluctuations

The S&P BSE Sensex index has swung in a range of almost 1000 points between an intra-day low of 27932.67 and high of 28261.63

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Sensex Rises Over 300 Points, Nifty Above 8,300 Amid Fluctuations

The S&P BSE Sensex index has swung in a range of almost 1000 points between an intra-day low of 27932.67 and high of 28261.63

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Fitch Cuts India Growth Forecast To 5.1% For FY'21 Due To Coronavirus Outbreak

Fitch had in December 2019 projected India's growth at 5.6 per cent for 2020-21 and 6.5 per cent in the following year.

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Coronavirus Crisis: Fitch Lowers 2020-21 India Growth Forecast To 5.1%

Fitch said the number of people affected by coronavirus will keep rising in the coming weeks but that the outbreak will remain contained.

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US Crude Climbs After White House Comments On Saudi-Russia Dispute

US crude oil prices edged up as President Trump hinted that he may intervene in price war between Saudi Arabia and Russia at "appropriate time".

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Coronavirus Impact: Fitch Cuts India Growth Forecast To 5.1% For FY'21

Fitch had in December 2019 projected India's growth at 5.6 per cent for 2020-21 and 6.5 per cent in the following year.

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Coronavirus Crisis: Fitch Lowers 2020-21 India Growth Forecast To 5.1%

Fitch said the number of people affected by coronavirus will keep rising in the coming weeks but that the outbreak will remain contained.

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U.S. Crude Climbs After White House Comments On Saudi-Russia Dispute

U.S crude oil prices edged up as U.S. President Trump hinted that he may intervene in price war between Saudi Arabia and Russia at "appropriate time."

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Sensex Rises Over 350 Points Amid Cautious Gains In Global Markets

PM Modi said on Thursday announced a COVID-19 Economic Response Task Force to deal with the economic fallout of the coronavirus pandemic.

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Sensex, Nifty Open Higher

PM Modi said on Thursday announced a COVID-19 Economic Response Task Force to deal with the economic fallout of the coronavirus pandemic.

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Wall Street Posts Cautious Gains After Steep Losses On Coronavirus

The Federal Reserve opened swap lines with central banks in nine new countries to ensure the world's dollar-dependent financial system continued to function.

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Wall Street Posts Cautious Gains After Steep Losses On Coronavirus

The Federal Reserve opened swap lines with central banks in nine new countries to ensure the world's dollar-dependent financial system continued to function.

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Sensex, Nifty Likely To Open Higher Amid Cautious Gains In Global Markets

The S&P BSE Sensex index and the broader NSE Nifty 50 benchmark had declined for four sessions in a row. On Thursday, the Sensex ended a volatile session 581.28 points - or 2.01 per cent - lower at...

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Sensex, Nifty Likely To Open Higher Amid Cautious Gains In Global Markets

The S&P BSE Sensex index and the broader NSE Nifty 50 benchmark had declined for four sessions in a row. On Thursday, the Sensex ended a volatile session 581.28 points - or 2.01 per cent - lower at...

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Yes Bank Slides 10% In Afternoon Trade Day After Lifting Of Moratorium

A day after the moratorium imposed on Yes Bank by Reserve Bank of India (RBI) got lifted, the private lender's shares witnessed a downturn in Thursday's afternoon trade. At 1:30 pm, the bank's scrip...

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Gold Futures Hover Near Rs 39,800 Per 10 Grams Amid Coronavirus Fear

At 1:20 pm, gold futures were up 0.19 per cent at Rs 39,800 per 10 grams, compared with the previous close of Rs 39,723 per 10 grams.

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Yes Bank Slides 10% In Afternoon Trade Day After Lifting Of Moratorium

A day after the moratorium imposed on Yes Bank by Reserve Bank of India (RBI) got lifted, the private lender's shares witnessed a downturn in Thursday's afternoon trade. At 1:30 pm, the bank's scrip...

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Foreigners Turn Net Sellers Of Asian Bonds In February On Virus Fears

Foreigners sold a net $3.88 billion worth of regional bonds last month, their largest net selling since April 2018.

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Foreigners Turn Net Sellers Of Asian Bonds In February On Virus Fears

Foreigners sold a net $3.88 billion worth of regional bonds last month, their largest net selling since April 2018.

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Petrol, Diesel Prices Remain Unchanged For Third Straight Day

Petrol and diesel prices across major cities of the country remained unchanged for the third consecutive day on Thursday even as global crude oil prices slumped to multi-year lows as a result of price...

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Petrol, Diesel Prices Remain Unchanged For Third Straight Day

Petrol and diesel prices across major cities of the country remained unchanged for the third consecutive day on Thursday even as global crude oil prices slumped to multi-year lows as a result of price...

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IndusInd Bank Down 4% In Afternoon Trade After Paring Some Losses

Private lender IndusInd Bank witnessed another day of significant losses in the markets as its shares nosedived sharply soon after trading commenced on Thursday. The bank however trimmed some of its...

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IndusInd Bank Down 4% In Afternoon Trade After Paring Some Losses

Private lender IndusInd Bank witnessed another day of significant losses in the markets as its shares nosedived sharply soon after trading commenced on Thursday. The bank however trimmed some of its...

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India Considers Easier Loan, Tax Rules To Help Economy Vs Virus

Prime Minister Narendra Modi's administration is under pressure to shield the $2.7 trillion economy from the impact of the virus outbreak

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India Considers Easier Loan, Tax Rules To Help Economy Vs Virus

Prime Minister Narendra Modi's administration is under pressure to shield the $2.7 trillion economy from the impact of the virus outbreak

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Wednesday, March 18, 2020

Rupee Breaches 74.50 Mark To New Record Low Against Dollar

Investors fretted over the sharp rise in coronavirus cases in the country and its impact on the economy, say analysts.

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Rupee Breaches 74.50 Mark To New Record Low Against Dollar

Investors fretted over the sharp rise in coronavirus cases in the country and its impact on the economy, say analysts.

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Opinion: Coronavirus Risks This Sector In India Worth Rs 2 Lakh Crore

Shutdowns will impair ability of gig-economy workers to repay loans of Rs 2.1 trillion, putting the world's largest microfinance industry at risk

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Opinion: Coronavirus Risks This Sector In India Worth Rs 2 Lakh Crore

Shutdowns will impair ability of gig-economy workers to repay loans of Rs 2.1 trillion, putting the world's largest microfinance industry at risk

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Gap-Down Opening For Sensex As Virus Continues To Batter Global Markets

On Wednesday, the S&P BSE Sensex index had shed 1,709.58 points - or 5.59 per cent - to end at 28,869.51 and the broader NSE Nifty 50 benchmark settled at 8,468.80, down 498.25 points - or 5.56 per...

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Gap-Down Opening For Sensex As Virus Continues To Batter Global Markets

On Wednesday, the S&P BSE Sensex index had shed 1,709.58 points - or 5.59 per cent - to end at 28,869.51 and the broader NSE Nifty 50 benchmark settled at 8,468.80, down 498.25 points - or 5.56 per...

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Oil Rockets Nearly 20% As Investors Hail Virus Stimulus Spending

Brent crude was up $2.10, or 8 per cent, at $26.98 a barrel by 0028 GMT after tumbling 13 per cent on Wednesday in a third day of relentless selling

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Wall Street Slumps Again As Fears Continue To Spiral

The benchmark S&P 500 index ended down 5.2%, though it pared losses late in the day as the U.S. Senate passed legislation to provide billions of dollars

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Sensex, Nifty Likely To Open Sharply Lower

On Wednesday, the S&P BSE Sensex index had shed 1,709.58 points - or 5.59 per cent - to end at 28,869.51 and the broader NSE Nifty 50 benchmark settled at 8,468.80, down 498.25 points - or 5.56 per...

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Oil Rockets Nearly 20% As Investors Hail Coronavirus Stimulus Spending - For Now

Brent crude was up $2.10, or 8 per cent, at $26.98 a barrel by 0028 GMT after tumbling 13 per cent on Wednesday in a third day of relentless selling

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Wall Street Slumps Again As Fears Continue To Spiral, Dow All But Erases 'Trump-Bump'

The benchmark S&P 500 index ended down 5.2%, though it pared losses late in the day as the U.S. Senate passed legislation to provide billions of dollars

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Sensex, Nifty Likely To Open Sharply Lower

On Wednesday, the S&P BSE Sensex index had shed 1,709.58 points - or 5.59 per cent - to end at 28,869.51 and the broader NSE Nifty 50 benchmark settled at 8,468.80, down 498.25 points - or 5.56 per...

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Gold Rate Today: Gold Futures Drop Over 2% To Rs 39,354 Per 10 Grams

According to Mumbai-based industry body IBJA or India Bullion and Jewellers Association, the indicative selling price of gold jewellery stood at Rs 40,750 per 10 grams (excluding GST) in the first...

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Yes Bank Set To Extend Gains To Day 4 As Lender Set To Resume Operations

In Mumbai,Yes Bank shares were top gainers on the Nifty 50, jumping nearly 50% and gaining for the fourth straight day.

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Yes Bank Set To Extend Gains To Day 4 As Lender Set To Resume Operations

In Mumbai,Yes Bank shares were top gainers on the Nifty 50, jumping nearly 50% and gaining for the fourth straight day.

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IndusInd Bank Stock Crashes Over 25%, Bank Denies Market Rumours

At 1.00 pm, the stock was trading at Rs 429, lower by 29 per cent, on the BSE. The shares hit an intra-day high of Rs 638 and a low of Rs 382 thus far.

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Sensex Crashes Over 1,300, Nifty Drops Below 8,550

The S&P BSE Sensex and NSE Nifty 50 indexes crashed in noon trading as private sector banking shares witnessed sharp selling pressure.

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IndusInd Bank Stock Crashes Over 25%, Bank Denies Market Rumours

At 1.00 pm, the stock was trading at Rs 429, lower by 29 per cent, on the BSE. The shares hit an intra-day high of Rs 638 and a low of Rs 382 thus far.

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Sensex Crashes Over 1,300, Nifty Drops Below 8,550

The S&P BSE Sensex and NSE Nifty 50 indexes crashed in noon trading as private sector banking shares witnessed sharp selling pressure.

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Indian Industry Welcomes Rishi Sunak's Coronavirus Action Plan

The Indian industry in the UK has welcomed the -unprecedented- rescue package unveiled by Britain''s Indian-origin Finance Minister Rishi Sunak to help businesses in Britain combat the impact of the...

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Indian Industry Welcomes Rishi Sunak's Coronavirus Action Plan

The Indian industry in the UK has welcomed the -unprecedented- rescue package unveiled by Britain''s Indian-origin Finance Minister Rishi Sunak to help businesses in Britain combat the impact of the...

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Tuesday, March 17, 2020

Telecom Stocks Trade Mixed After Supreme Court Refuses Relief On AGR Dues

The Supreme Court, in a big setback for telecom companies, dismissed Centre's plea to review its order asking telecom firms to immediately clear dues

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Telecom Stocks Trade Mixed After Supreme Court Refuses Relief On AGR Dues

The Supreme Court, in a big setback for telecom companies, dismissed Centre's plea to review its order asking telecom firms to immediately clear dues

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S&P Lowers India's Growth Prospects To 5.2% In 2020

S&P Global Ratings said, "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per cent."

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S&P Lowers India's Growth Prospects To 5.2% In 2020

S&P Global Ratings said, "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per cent."

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Sensex, Nifty Turn Negative Amid Volatile Trading

Selling in banking, financial services and automobile shares pulled the markets lower; however, gains in IT and pharmaceutical stocks curbed the fall.

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Sensex, Nifty Turn Negative Amid Volatility

At 9:55am, the Sensex traded 378.56 points - or 1.30 per cent - lower at30,187.11 while the Nifty was down 100points - or 1.1 per cent - at 8,867.10.

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Sensex Opens 390 Points Higher As Global Markets Rebound

The Trump administration proposed a $850 billion stimulus package to support the economy, battered by the coronavirus, and also considered sending Americans $1,000 checks within two weeks.

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Sensex, Nifty Open Higher

The Trump administration proposed a $850 billion stimulus package to support the economy, battered by the coronavirus, and also considered sending Americans $1,000 checks within two weeks.

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US Shares Rebound As Central Bank Boosts Liquidity To Fight Virus Effect

On Tuesday, the Trump administration pursued an $850 billion stimulus package to buttress the economy and mulled sending Americans $1,000 checks within two weeks.

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Auto Companies Seek Supreme Court Permission To Sell Old Vehicles Past Deadline

The Supreme Court in October 2018 had said that all vehicles sold in the country after March 31, 2020 would need to adhere to stricter emission norms

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Sensex, Nifty Likely To Open On Positive Note Today

At 8:12 am, the SGX Nifty futures traded 128.25 points - or 1.44 per cent - higher at 9,028.25.

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US Shares Rebound As Central Bank Boosts Liquidity To Fight Virus Effect

The US central bank relaunched a financial crisis-era purchase of short-term corporate debt to help companies be able to continue paying workers and buy supplies through the pandemic.

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Auto Companies Seek Supreme Court Permission To Sell Old Vehicles Past Deadline

The Supreme Court in October 2018 had said that all vehicles sold in the country after March 31, 2020 would need to adhere to stricter emission norms

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Sensex, Nifty Likely To Open On Positive Note Today

At 8:12 am, the SGX Nifty futures traded 128.25 points - or 1.44 per cent - higher at 9,028.25.

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Rupee Sheds Early Advances Against US Dollar In Afternoon Trade

Earlier, in the morning, the currency had opened at74.14 and had advanced to an intra-day high of73.86, tracking initial gains in the equity markets.The local currency on Monday plunged 50 paise to...

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Sensex Plunges Over 900 Points, Nifty Below 9,000; Financial Stocks Drag

Banking and financial services stocks were the worst hit.

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Sensex Plunges Over 900 Points, Nifty Below 9,000; Financial Stocks Drag

Banking and financial services stocks were the worst hit.

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Yes Bank Skyrockets On Moody's Ratings Upgrade

At 1.00 pm, the shares were trading at Rs 58, stronger by Rs 21 or 58 per cent, on the BSE amid a 1.3 per cent rise in the BSE Sensex

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Yes Bank Skyrockets On Moody's Ratings Upgrade

At 1.00 pm, the shares were trading at Rs 58, stronger by Rs 21 or 58 per cent, on the BSE amid a 1.3 per cent rise in the BSE Sensex

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Scramble To Tackle 'Invisible Enemy' As Virus Causes Historic Market Drop

There have now been more cases and more deaths outside mainland China than inside, with 180,000 cases worldwide and over 7,000 deaths.

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Scramble To Tackle 'Invisible Enemy' As Virus Causes Historic Market Drop

Coronavirus fears led to a historic drop in US stocks, shut borders and disrupted daily life around the world, as governments took increasingly drastic measures to try to reduce the severity of the...

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Petrol, Diesel Prices Remain Unchanged Across Major Cities

According to the official website of Indian Oil Corporation, on Tuesday, in Delhi, a litre of petrol is priced at Rs 69.59 per litre and diesel at Rs 62.29 per litre. In Mumbai, petrol is selling at...

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Petrol, Diesel Prices Remain Unchanged Across Major Cities

According to the official website of Indian Oil Corporation, on Tuesday, in Delhi, a litre of petrol is priced at Rs 69.59 per litre and diesel at Rs 62.29 per litre. In Mumbai, petrol is selling at...

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Sensex, Nifty Clock Cautious Gains As Coronavirus Pummels Global Markets

Domestic stock markets bounced back from intraday lows on Tuesday amid a mixed trend in Asian peers, as investors nibbled at securities at lower levels. TheS&P BSE Sensex index swung more than 1,300...

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Sensex, Nifty Clock Cautious Gains As Coronavirus Pummels Global Markets

Domestic stock markets bounced back from intraday lows on Tuesday amid a mixed trend in Asian peers, as investors nibbled at securities at lower levels. TheS&P BSE Sensex index swung more than 1,300...

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Monday, March 16, 2020

Gold Futures Trim Losses, Near Rs 39,250 As Equities Post Cautious Gains

Analysts said gold prices are taking a breather as weakness in equities worldwide amid concerns about the coronavirus pandemic pushed investors to safer assets such as the yellow metal. Typically,...

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Gold Futures Trim Losses, Near Rs 39,250 As Equities Post Cautious Gains

Analysts said gold prices are taking a breather as weakness in equities worldwide amid concerns about the coronavirus pandemic pushed investors to safer assets such as the yellow metal. Typically,...

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Sensex Falls Over 400 Points, Nifty Near 9,000 Amid Volatile Trade

On Monday, the Sensex had ended 2,713.41 points - or 7.96 per cent - lower at 31,390.07, and the Nifty settled at 9,197.40, down 757.80 points - or 7.61 per cent - from the previous close.

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Sensex Falls Over 400 Points, Nifty Near 9,000 Amid Volatile Trade

On Monday, the Sensex had ended 2,713.41 points - or 7.96 per cent - lower at 31,390.07, and the Nifty settled at 9,197.40, down 757.80 points - or 7.61 per cent - from the previous close.

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Crude Oil Price Jump By $1 A Barrel Amid Volatility

Brent crude was up 1.5 per cent, or 46 cents, to $30.51 a barrel by 0206 GMT (7:36 am in India), after hitting a high of $31.25.

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Asian Stocks Fall After Historic Wall Street Rout

U.S. stock futures rose 1.16 per cent early in Asian trading, but these gains were not enough to ease investor concern about the continuous spread of the flu-like virus.

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Sensex, Nifty Likely To Open On A Positive Note

US stock futures rose 1.16 per cent early in Asian trading, but these gains were not enough to ease investor concern about the continuous spread of the flu-like virus.

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Coronavirus Scare: Amazon To Hire 1,00,000 Workers As Online Orders Surge

With shoppers clearing out shelves in fear of quarantines or product shortages, retailers are racing to keep food and hygienic items in stock and have employees on hand for in-store work or delivery.

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Crude Oil Price Jump By $1 A Barrel Amid Volatility

Brent crude was up 1.5 per cent, or 46 cents, to $30.51 a barrel by 0206 GMT (7:36 am in India), after hitting a high of $31.25.

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Asian Stocks Fall After Historic Wall Street Rout

U.S. stock futures rose 1.16 per cent early in Asian trading, but these gains were not enough to ease investor concern about the continuous spread of the flu-like virus.

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Sensex, Nifty Likely To Open On A Positive Note

US stock futures rose 1.16 per cent early in Asian trading, but these gains were not enough to ease investor concern about the continuous spread of the flu-like virus.

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Coronavirus Scare: Amazon To Hire 1,00,000 Workers As Online Orders Surge

With shoppers clearing out shelves in fear of quarantines or product shortages, retailers are racing to keep food and hygienic items in stock and have employees on hand for in-store work or delivery.

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Yes Bank Depositors' Money Is Safe: Shaktikanta Das

He also said that the central bank will provide Yes Bank with more liquidity if required.

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Sensex, Nifty Close 8% Lower Amid Global Selloff, Virus Scare

Analysts say domestic fundamentals took a back seat as the coronavirus pandemic continued to spook the global markets.

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Sensex, Nifty Close 8% Lower Amid Global Selloff, Virus Scare

Analysts say domestic fundamentals took a back seat as the coronavirus pandemic continued to spook the global markets.

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RBI Governor To Hold Press Conference At 4 PM Amid Covid-19 Panic

There are speculations that Mr Das may announce a rate cut.If it happens, this will be first inter-meeting rate reduction since the monetary policy committee was instituted in February 2016.

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RBI Governor To Hold Press Conference At 4 PM Amid Covid-19 Panic

There are speculations that Mr Das may announce a rate cut.If it happens, this will be first inter-meeting rate reduction since the monetary policy committee was instituted in February 2016.

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Yes Bank To Resume Full Banking Services From Wednesday

The development comes as a group of lenders led by the country's largest bank, State Bank of India (SBI), has committed to pick stake in Yes Bank as part of a government-backed rescue plan for the...

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Yes Bank To Resume Full Banking Services From Wednesday

The development comes as a group of lenders led by the country's largest bank, State Bank of India (SBI), has committed to pick stake in Yes Bank as part of a government-backed rescue plan for the...

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Retail Sector In India Reels Under Coronavirus Concerns

The closure of malls and multiplexes across top cities by state governments has caused the organised retail scene to come to a grinding halt

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Retail Sector In India Reels Under Coronavirus Concerns

The closure of malls and multiplexes across top cities by state governments has caused the organised retail scene to come to a grinding halt

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Vodafone Idea Pays Additional Rs 3,354 Crore To Telecom Department

The payment comes a day before the Supreme Court is expected to hear the modification plea filed by the telco and other operators.

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Wholesale Inflation Eases To 2.26% In February

Wholesale inflation came in at 2.26 per cent in February, government data showed on Monday.

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Vodafone Idea Pays Additional Rs 3,354 Crore To Telecom Department

The payment comes a day before the Supreme Court is expected to hear the modification plea filed by the telco and other operators.

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Yes Bank Bucks Trend, Shares Rise 47% As Rescue Plan Underway

The bank has received investment commitments of Rs 10,000 crore from the SBI and seven other private sector banks. This fund infusion signals a show of confidence by some of India's largets financial...

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Wholesale Inflation At 2.26% In February

Wholesale inflation came in at 2.26 per cent in February, government data showed on Monday.

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Yes Bank Bucks Trend, Shares Rise 47% As Rescue Plan Underway

The bank has received investment commitments of Rs 10,000 crore from the SBI and seven other private sector banks. This fund infusion signals a show of confidence by some of India's largets financial...

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Sunday, March 15, 2020

Weak Listing For SBI Cards; Shares Fall 12% At Debut

The IPO opened at a discount of Rs 94 or 12.4 per cent at Rs 661 as the worsening scenario on coronavirus continues to batter the markets.

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Weak Listing For SBI Cards; Shares Fall 12% At Debut

The IPO opened at a discount of Rs 94 or 12.4 per cent at Rs 661 as the worsening scenario on coronavirus continues to batter the markets.

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Sensex, Nifty Fall In Early Trade

MSCI's index of Asia-Pacific shares outside Japan fell 0.5 per cent, to a level not seen since early 2017.

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Sensex, Nifty Fall In Early Trade

MSCI's index of Asia-Pacific shares outside Japan fell 0.5 per cent, to a level not seen since early 2017.

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Sensex, Nifty Likely To Open Sharply Lower Today; Yes Bank In Focus

On Friday, the Sensex had ended 1,325.34 points - or 4.04 per cent - higher at 34,103.48 and the Nifty settled at 9,955.20, up 365.05 points - or 3.81 per cent - from the previous close.

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US Federal Reserve Slashes Rates, Global Central Banks Coordinate To Cushion Coronavirus Blow

Fed slashed interest rates to near zero, pledging billions of dollars in asset purchases and backstopping foreign authorities with cheap financing

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Sensex, Nifty Likely To Open Sharply Lower Today; Yes Bank In Focus

On Friday, the Sensex had ended 1,325.34 points - or 4.04 per cent - higher at 34,103.48 and the Nifty settled at 9,955.20, up 365.05 points - or 3.81 per cent - from the previous close.

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US Federal Reserve Slashes Rates, Global Central Banks Coordinate To Cushion Coronavirus Blow

Fed slashed interest rates to near zero, pledging billions of dollars in asset purchases and backstopping foreign authorities with cheap financing

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New Security-Related Rules For Debit And Credit Cards To Kick In From Monday

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of card. For international transactions, online transactions,...

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New Security-Related Rules For Debit And Credit Cards To Kick In From Monday

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of card. For international transactions, online transactions,...

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Yes Bank Allots Shares To SBI, 7 Private Banks

Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consideration of Rs 10,000 crore. IDFC First Bank is the latest to...

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Yes Bank Allots Shares To SBI, 7 Private Banks

Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consideration of Rs 10,000 crore. IDFC First Bank is the latest to...

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Saturday, March 14, 2020

Petrol, Diesel Prices Cut A Day After Excise Duty Hike

Industry sources quoted by news agency PTI said the reduction in rates would have been higher but for the Rs 3 per litre increase in excise duty effected on Saturday. Oil companies, they said, had...

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Petrol, Diesel Prices Cut A Day After Excise Duty Hike

Industry sources quoted by news agency PTI said the reduction in rates would have been higher but for the Rs 3 per litre increase in excise duty effected on Saturday. Oil companies, they said, had...

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Yes Bank Reports Rs 18,564-Crore Loss For December Quarter

Yes Bank reported on Saturday a staggering Rs 18,654-crore loss for the December quarter due to higher recognition of dud assets on the books, and an erosion of capital buffers to the brink. ...

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Yes Bank Reports Rs 18,564-Crore Loss For December Quarter

Yes Bank reported on Saturday a staggering Rs 18,654-crore loss for the December quarter due to higher recognition of dud assets on the books, and an erosion of capital buffers to the brink. ...

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GST Council Hikes Rates On Mobile Phones from 12% To 18%

Among other decisions, the council rationalised the GST rates on handmade and machine-made matchsticks to 12 per cent

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GST Council Hikes Rates On Mobile Phones from 12% To 18%

Among other decisions, the council rationalised the GST rates on handmade and machine-made matchsticks to 12 per cent

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Domestic Air Traffic May Decline 15-20% On Coronavirus Scare: Hardeep Singh Puri

Hardeep Singh Puri exuded confidence that India would be in a position to take advantage of opportunities that may arise from the global challenge.

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Domestic Air Traffic May Decline 15-20% On Coronavirus Scare: Hardeep Singh Puri

Hardeep Singh Puri exuded confidence that India would be in a position to take advantage of opportunities that may arise from the global challenge.

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Relief For Yes Bank Customers As Withdrawal Limit To End On Wednesday

The moratorium on withdrawals from Yes Bank will be lifted on Wednesday evening after the government notified the restructuring scheme proposed by RBI

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Relief For Yes Bank Customers As Withdrawal Limit To End On Wednesday

The moratorium on withdrawals from Yes Bank will be lifted on Wednesday evening after the government notified the restructuring scheme proposed by RBI

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Friday, March 13, 2020

Petrol, Diesel Prices May Rise As Duty Hiked By Rs 3 Per Litre

the retail price of the two petroleum products will thus increase by Rs 3-4 per litre, depending on the taxation structure in different states.

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Petrol, Diesel Prices May Rise As Duty Hiked By Rs 3 Per Litre

the retail price of the two petroleum products will thus increase by Rs 3-4 per litre, depending on the taxation structure in different states.

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India's Forex Reserves Rise $5.69 Billion

As per RBI's weekly statistical supplement, overall forex reserves rose to $487.23 billion from $481.54 billion reported in week ended February 28.

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India's Forex Reserves Rise $5.69 Billion

As per RBI's weekly statistical supplement, overall forex reserves rose to $487.23 billion from $481.54 billion reported in week ended February 28.

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Airport Authority To Raise $300 Million Through External Commercial Borrowings

AAI Chairman Arvind Singh said the ECBs would help the authority in its plans to double the current passenger handling capacity of 345 million passengers per annum

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Airport Authority To Raise $300 Million Through External Commercial Borrowings

AAI Chairman Arvind Singh said the ECBs would help the authority in its plans to double the current passenger handling capacity of 345 million passengers per annum

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Thursday, March 12, 2020

Government Extends Deadline To Bid For Air India Till April 30

In January, the government restarted the divestment process of Air India and invited bids for selling 100 per cent of its equity in the state-owned airline.

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Market Fall Significantly Lower Than Global Peers, Says Regulator Sebi

Market Fall Significantly Lower Than Global Peers, Says Regulator Sebi

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Government Extends Deadline To Bid For Air India Till April 30

In January, the government restarted the divestment process of Air India and invited bids for selling 100 per cent of its equity in the state-owned airline.

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Government May Dip Into Record Forex Reserves To Fight Coronavirus

The Reserve Bank of India wants to keep the rupee stable, and will continue using long-term repurchase operations and other liquidity tools, an official said.

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World's Richest 500 Lost $331 Billion In A Day In Record Market Dive

The world's 500 richest people collectively lost $331 billion on Thursday, the biggest one-day drop in the eight-year history of the Bloomberg Billionaires Index.

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Government May Dip Into Record Forex Reserves To Fight Coronavirus

The Reserve Bank of India wants to keep the rupee stable, and will continue using long-term repurchase operations and other liquidity tools, an official said.

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World's Richest 500 Lost $331 Billion In A Day In Record Market Dive

The world's 500 richest people collectively lost $331 billion on Thursday, the biggest one-day drop in the eight-year history of the Bloomberg Billionaires Index.

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Three Signs That The Battered Rupee Is In For More Pain

Expected swings in the rupee near term are also signaling potential for more declines.

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Sensex, Nifty Trim Losses As Markets Resume Trading After 45-Minute Halt

Amid another day of mayhem in the domestic markets, the S&P BSE Sensex index recovered2,057.54 points from its day's lowest level of 29,388.97 to touch 31,446.51, trimming losses as the trading...

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Three Signs That The Battered Rupee Is In For More Pain

Expected swings in the rupee near term are also signaling potential for more declines.

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Sensex, Nifty Trim Losses As Markets Resume Trading After 45-Minute Halt

Amid another day of mayhem in the domestic markets, the S&P BSE Sensex index recovered2,057.54 points from its day's lowest level of 29,388.97 to touch 31,446.51, trimming losses as the trading...

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Rupee Hits Record Low Of 74.50 Against Dollar Amid Coronavirus Scare

Traders expect the central bank to step in to prevent further sharp falls in the currency but don't see it protecting the rupee at any particular level.

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Rupee Hits Record Low Of 74.50 Against Dollar Amid Coronavirus Scare

Traders expect the central bank to step in to prevent further sharp falls in the currency but don't see it protecting the rupee at any particular level.

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Trading Halted For 45 Minutes, Sensex Down 3,091 Points; Nifty below 9,000

In yet another day of mayhem in the domestic markets, trading was halted for 45 minutes shortly after the opening on Friday as the benchmark indices nosedived 10 per cent each, triggering the circuit...

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Trading Halted For 45 Minutes, Sensex Down 3,091 Points; Nifty below 9,000

In yet another day of mayhem in the domestic markets, trading was halted for 45 minutes shortly after the opening on Friday as the benchmark indices nosedived 10 per cent each, triggering the circuit...

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Crude Oil Falls For Third Straight Day, Set For Worst Week Since 1991

Oil prices were also impacted by record declines in equity markets with Japan's Nikkei 225 falling by 10 per cent on Friday after US markets fell by the most since Black Monday in 1987 on Thursday.

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Crude Oil Falls For Third Straight Day, Set For Worst Week Since 1991

Oil prices were also impacted by record declines in equity markets with Japan's Nikkei 225 falling by 10 per cent on Friday after US markets fell by the most since Black Monday in 1987 on Thursday.

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US Markets Fall 10%, Worst Day Since 1987 Amid Coronavirus Fear

A 16-day drop of almost 27% in the S&P 500 has left portfolios in tatters. The suspension of professional sports games, cancelled conventions and half-empty restaurants has raised fears - not about...

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Global Markets Suffer Record Meltdown As Global Coronavirus Alarm Grows

Travellers in Europe rushed to board flights to the United States after US President Donald Trump imposed sweeping restrictions on travel from the continent, a decision that angered leaders there.

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Sensex, Nifty Set For Another Day Of Mayhem Amid Coronavirus Fear

On Thursday, the S&P BSE Sensex index had declined 2,919.26 points - 8.18 per cent - to end at 9,590.15, and the broader NSE Nifty benchmark fallen 868.25 points - or 8.30 per cent - to settle at...

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via

US Markets Fall 10%, Worst Day Since 1987 Amid Coronavirus Fear

A 16-day drop of almost 27% in the S&P 500 has left portfolios in tatters. The suspension of professional sports games, cancelled conventions and half-empty restaurants has raised fears - not about...

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via

Global Markets Suffer Record Meltdown As Global Coronavirus Alarm Grows

Travellers in Europe rushed to board flights to the United States after US President Donald Trump imposed sweeping restrictions on travel from the continent, a decision that angered leaders there.

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Sensex, Nifty Set For Another Day Of Mayhem Amid Coronavirus Fear

On Thursday, the S&P BSE Sensex index had declined 2,919.26 points - 8.18 per cent - to end at 9,590.15, and the broader NSE Nifty benchmark fallen 868.25 points - or 8.30 per cent - to settle at...

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SBI To Buy Rs 7,250-Crore Stake In Yes Bank

The country's largest lender State Bank of India (SBI) on Thursday said that the lender's board has approved ofpurchase of 725 crore shares in Yes Bank Ltdat a price of Rs 10 per share. The...

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Sensex Drops 2,919 Points, Nifty Ends At 9,590 In Worst Day For Markets

The slump in domestic markets markets came on the back of losses globally as investors around the world anticipated the COVID-19 pandemic will lead the global economy into recession, say analysts.

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Sensex Ends 2,919 Points Lower, Nifty Settles At 9,590

The slump in domestic markets markets came on the back of losses globally as investors around the world anticipated the COVID-19 pandemic will lead the global economy into recession, say analysts.

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Airlines Hit As Government Suspends Inbound Visas To Stem Coronavirus

Airline share prices tumbled on Thursday after the government moved to restrict travel into the country in an effort to stem the spread of coronavirus, prompting massive ticket discounting in an...

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Airlines Hit As Government Suspends Inbound Visas To Stem Coronavirus

Airline share prices tumbled on Thursday after the government moved to restrict travel into the country in an effort to stem the spread of coronavirus, prompting massive ticket discounting in an...

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RBI Eyeing Liquidity-Boosting Steps To Soothe Markets: Report

"The RBI will look to push more liquidity in the market and ease repayment issues to sectors that have been disrupted by supply chains being broken down," the official said.

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RBI Eyeing Liquidity-Boosting Steps To Soothe Markets: Report

"The RBI will look to push more liquidity in the market and ease repayment issues to sectors that have been disrupted by supply chains being broken down," the official said.

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Here Is All You Need To Know About Yes Bank's Additional Tier 1 Bonds

At least 100 retail investors and few hundred companies have lost Rs 10,000 crore invested in Yes Bank's Additional Tier 1 (AT-1) bonds.

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