Success Is Yours: April 2020

Thursday, April 30, 2020

Why Reliance Has Cut Pay At Oil Unit, No Salary For Mukesh Ambani

Lockdown of billions of people by governments across the world to contain the pandemic is leading to a gloomy outlook for global oil demand.

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Why Reliance Has Cut Pay At Oil Unit, No Salary For Mukesh Ambani

Lockdown of billions of people by governments across the world to contain the pandemic is leading to a gloomy outlook for global oil demand.

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Maruti Suzuki Records Zero Monthly Sales For First Time Ever In April

Maruti Suzuki India on Friday reported zero monthly domestic sales for the first time ever in April, as the country remained under lockdown to contain the spread of the coronavirus.

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Maruti Suzuki Records Zero Monthly Sales For First Time Ever In April

Latest On The Spread Of The Coronavirus Around The World

US President Donald Trump said the United States plans to accelerate the development of a coronavirus vaccine, an effort that has been dubbed "Operation Warp Speed".

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Latest On The Spread Of The Coronavirus Around The World

Apple Boosts Revenues In Pandemic-Hit Quarter, But Profits Take A Hit

Profit dipped to $11.2 billion on sales of $58.3 billion in the fiscal second quarter, compared to net income of $11.7 billion on revenue of $58 billion in the same period a year earlier.

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Amazon January-March Profit Falls 29% On COVID-19 Expenses

The e-commerce leader has been prioritizing "essential items" such as household staples and medical supplies, while working to stem price-gouging from third-party sellers.

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Apple Boosts Revenues In Pandemic-Hit Quarter, But Profits Take A Hit

Amazon January-March Profit Falls 29% On COVID-19 Expenses

Financial Markets Shut Today For Maharashtra Day Holiday

The spread of the coronavirus (COVID-19) pandemic has battered the financial markets around the globe, as investors assess the effectiveness of policy measures against the outbreak.

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Financial Markets Shut Today For Maharashtra Day Holiday

RBI Extends Benefits Of Liquidity Fund For Mutual Funds To All Banks

All banks, irrespective of whether they avail funding from the central bank or deploying their own resources will now enjoy the benefits

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Serum Institute To Make Crores Of Potential Coronavirus Vaccine Doses

Serum, the world's largest maker of vaccines by volume, is mass-producing the vaccine candidate developed by the University of Oxford.

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Serum Institute To Make Crores Of Potential Coronavirus Vaccine Doses

Serum, the world's largest maker of vaccines by volume, is mass-producing the vaccine candidate developed by the University of Oxford.

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Glenmark To Conduct Clinical Trials For COVID-19 Drug; Shares Surge

Glemark said the approval made it the first pharmaceutical company in India to be given the go-ahead to start trials on COVID-19 patients.

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Glenmark To Conduct Clinical Trials For COVID-19 Drug; Shares Surge

Glemark said the approval made it the first pharmaceutical company in India to be given the go-ahead to start trials on COVID-19 patients.

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India's Gold Demand Between January-March Falls 36%: WGC

Volatile prices, economic uncertainties and the coronavirus lockdown has led to shortage in demand

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India's Gold Demand Between January-March Falls 36%: WGC

Volatile prices, economic uncertainties and the coronavirus lockdown has led to shortage in demand

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Wednesday, April 29, 2020

Gold Futures Rise, Touch Rs 45,800 Per 10 Grams Mark

Gold Rate In India: At 11:37 am, the gold futures contract (delivery on June 5) was up by Rs 184.00 per 10 grams - or 0.40 per cent - at Rs 45,730 per 10 grams.

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Gold Futures Climb To Touch Rs 45,800 Per 10 Grams Mark

Gold Rate Edges Lower As COVID-19 Treatment Hopes Bolster Risk Appetite

Gold tends to benefit from widespread stimulus measures as it's often seen as a hedge against inflation and currency debasement.

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Gold Rate Edges Lower As COVID-19 Treatment Hopes Bolster Risk Appetite

Gold tends to benefit from widespread stimulus measures as it's often seen as a hedge against inflation and currency debasement.

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Sensex, Nifty Jump Over 3% As Global Markets Gain On COVID-19 Drug Hopes

Domestic stock markets jumped more than 3 per cent on the last trading session of the week, a day after scaling six-week highs, tracking gains in Asian peers where encouraging early results from a...

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Reliance Industries Shares Rise 3% Ahead Of March Quarter Earnings

On the BSE, the Reliance Industries stock rose more than 3per cent to trade at Rs 1,476apiece at the strongest level in morning deals.

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Sensex, Nifty Jump Over 3% Tracking Global Markets On COVID-19 Drug Hopes

Gains across sectors - led by financial andinformation technology stocks supported the markets in early deals.

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Reliance Industries Shares Rise 3% Ahead Of March Quarter Earnings

On the BSE, the Reliance Industries stock rose as much as 1.95 per cent to trade at Rs 1,454 apiece at the strongest level in morning deals.

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Strides Pharma Soars 10% On Development Of Antivirals For Covid-19

Strides Pharma shares zoomed more than 10 per cent on the BSE on Thursday after the company said that it has developedFavipiravir antiviral tablets for the treatment of COVID-19.

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Glenmark To Conduct Trials For Potential COVID-19 Drug, Shares Jump

Glenmark Pharmaceuticals, which rose as much as 8.9 per cent to Rs 359, traded up 5.9 per cent at 9:37 am.

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Strides Pharma Soars 10% On Development Of Antivirals For Covid-19

Glenmark To Conduct Trials For Potential COVID-19 Drug, Shares Jump

Glenmark Pharmaceuticals, which rose as much as 8.9 per cent to Rs 359, traded up 5.9 per cent at 9:37 am.

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Sensex, Nifty Track Global Markets Higher

Investors around the globe have been excited by the prospect of a COVID-19 treatment because it may help countries emerge from lockdowns.

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Sensex, Nifty Track Global Markets Higher

Investors around the globe have been excited by the prospect of a COVID-19 treatment because it may help countries emerge from lockdowns.

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Gap-Up Opening Likely For Sensex, Nifty Tracking Global Markets

Asian shares touched a seven-week high lifted by encouraging early results from a coronavirus (COVID-19) treatment trial.

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Gap-Up Opening Likely For Sensex, Nifty Tracking Global Markets

Asian shares touched a seven-week high lifted by encouraging early results from a coronavirus (COVID-19) treatment trial.

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Tuesday, April 28, 2020

34 Days After First Economic Package, India Waits For Much-Needed Aid

Faced with a weakening economy before the virus outbreak, Finance Minister Nirmala Sitharaman widened the fiscal deficit target for this year to 3.5 per cent of GDP.

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Global Lobbying Groups Urge Government To Delay New Digital Tax

Nine lobbying groups including U.S. Chamber of Commerce have urged India to delay a new digital tax that will hit firms such as Facebook and Google.

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Gold Price Today: Gold Futures Edge Higher To Touch Rs 46,100 Mark

Gold Rate Today: At 11:05 am, the gold futures contract (delivery on June 5) was up by Rs 43 per 10 grams - or 0.09 per cent - at Rs 46,109 per 10 grams.

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Global Lobbying Groups Urge Government To Delay New Digital Tax

Gold Price Today: Gold Futures Edge Higher To Touch Rs 46,100 Mark

Axis Bank Shares Tumble Over 6% After Surprise March Quarter Loss

At 9:57 am, the Axis Bank stock traded down 4.34 per cent at Rs 435.80 apiece on the BSE, underperforming the benchmark S&P BSE Sensex index which was up 0.97 per cent.

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Axis Bank Shares Tumble Over 6% After Surprise March Quarter Loss

Employees Provident Fund Settles Almost 13 Lakh Claims During Covid-19 Lockdown

The Employees Provident Fund Organization (EPFO) has settled 12.91 lakh claims, including 7.40 lakh Covid-19 claims, under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) scheme in order to provide...

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Employees Provident Fund Settles Almost 13 Lakh Claims During Covid-19 Lockdown

Sensex Opens Over 150 Points Higher, Nifty Above 9,400

Analysts say investors are still in a cautious mode assessing the measures announced by policymakers to fight the economic fallout from the coronavirus (COVID-19) pandemic.

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Sensex Opens Over 150 Points Higher, Nifty Above 9,400

Welsh Chief Urges UK Government To Rescue Tata Steel's Local Unit

Mr Drakeford said the Welsh government had been in talks with Tata Steel and it was clear the Port Talbot site, the UK's largest steelworks, is important to all parties.

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Moody's Lowers India GDP Growth Projection Amid COVID-19: 10 Points

Credit ratings major Moody's on Tuesday cut its forecast for GDP or gross domestic product expansion in India on account of the economy fallout from the coronavirus (COVID-19) pandemic, which has...

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Welsh Chief Urges UK Government To Rescue Tata Steel's Local Unit

Moody's Lowers India GDP Growth Projection Amid COVID-19: 10 Points

Crude Oil Rates Rise On Weaker-Than-Expected US Production

U.S. West Texas Intermediate (WTI) crude futures jumped to a high of $13.85 and were up 8.8 per cent, or $1.09, at $13.43 at 0038 GMT,

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Crude Oil Rates Rise On Weaker-Than-Expected US Production

U.S. West Texas Intermediate (WTI) crude futures jumped to a high of $13.85 and were up 8.8 per cent, or $1.09, at $13.43 at 0038 GMT,

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Gold Rate Edges Higher On Weaker Dollar

Gold tends to benefit from widespread stimulus measures as it is often seen as a hedge against inflation and currency debasement.

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Sensex, Nifty Poised To Extend Gains For Third Consecutive Day

Asian shares were cautiously higher on Wednesday as investors paused ahead of the US Federal Reserve's policy decision. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 per cent...

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Alphabet Profit Up 3% In March Quarter Despite COVID-19 Impact

The internet colossus said however the impact of the pandemic began to hit online ads, its main source of revenue and profit, in March.

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Gold Rate Edges Higher On Weaker Dollar

Gold tends to benefit from widespread stimulus measures as it is often seen as a hedge against inflation and currency debasement.

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Sensex, Nifty Poised To Extend Gains For Third Consecutive Day

Alphabet Profit Up 3% In March Quarter Despite COVID-19 Impact

The internet colossus said however the impact of the pandemic began to hit online ads, its main source of revenue and profit, in March.

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Monday, April 27, 2020

Axis Bank To Acquire 29% Stake In Max Life

The transaction is subject to approvals from Reserve Bank of India, Insurance Regulatory and Development Authority of India, and Competition Commission of India.

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Sensex Trims Early Gains, Nifty Near 9,300; IndusInd Bank Shares Jump

Selling pressure in pharmaceutical and consumer goods stocks offset buying interest in banking shares, erasing most of intraday gains in benchmark indices.

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Sensex Trims Early Gains, Nifty Near 9,300; IndusInd Bank Shares Jump

Gold Futures Ease Nearly 1%, Near Rs 45,800/10 Grams Mark

MCX gold futures fell by as much as Rs 407 per 10 grams - or 0.88 per cent - to Rs 45,784 per 10 grams, compared to their previous close of Rs 46,191 per 10 grams.

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Axis Bank Jumps Nearly 5% Ahead of March Quarterly Earnings

At 10:00 am, the shares of Axis Bank were trading at Rs 442, higher by Rs 15 or 3.4 per cent, on the BSE.

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Gold Rate Falls As COVID-19 Lockdown Easing Plans Lift Risk Appetite

Gold tends to benefit from widespread stimulus measures as it is often seen as a hedge against inflation and currency debasement.

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Gold Futures Ease Nearly 1%, Near Rs 45,800/10 Grams Mark

Axis Bank Jumps Nearly 5% Ahead of March Quarterly Earnings

At 10:00 am, the shares of Axis Bank were trading at Rs 442, higher by Rs 15 or 3.4 per cent, on the BSE.

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Gold Rate Falls As COVID-19 Lockdown Easing Plans Lift Risk Appetite

Gold tends to benefit from widespread stimulus measures as it is often seen as a hedge against inflation and currency debasement.

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IndusInd Bank Stock Hits Upper Circuit Despite Decline In Q4 Net Profit

The bank posted a profit at Rs 301.84 crore in the March quarter, a decline of 76.8 per cent compared to the previous quarter's Rs 1,300.2 crore.

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Sensex Jumps Over 400 Points; Banking Stocks Lead Gains

Axis Bank will report its earnings for the last quarter of financial year 2019-20 later in the day.

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IndusInd Bank Stock Hits Upper Circuit Despite Decline In Q4 Net Profit

The bank posted a profit at Rs 301.84 crore in the March quarter, a decline of 76.8 per cent compared to the previous quarter's Rs 1,300.2 crore.

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Sensex Jumps Over 400 Points; Banking Stocks Lead Gains

Axis Bank will report its earnings for the last quarter of financial year 2019-20 later in the day.

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A Guide To Government's Decisions To Cushion Economy From COVID-19

Banks don't need to set aside cash reserves for loans given to small businesses between January 31 to July 31, or for credit to help consumers buy a car or home.

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A Guide To Government's Decisions To Cushion Economy From COVID-19

In Respite For GST Payers, Maharashtra Allows Payment Deadline Extension

The Cabinet cleared the proposal to include Article 168-A in the Maharashtra GST Act, 2017 on the lines of the Centre's move dated March 31 this year.

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Boeing Could Take 3-5 Years To Restore Dividend: CEO David Calhoun

The Boeing CEO said it could take two-to-three years for commercial airline travel to return to the level prior to the coronavirus crisis.

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Sensex, Nifty Poised To Extend Gains

Asian markets were little changed as oil prices continued to slip following an overnight plunge. Nikkei 225 was down 0.36 per cent, while the Topix index shed 0.45 per cent and South Korea's Kospi was...

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In Respite For GST Payers, Maharashtra Allows Payment Deadline Extension

Boeing Could Take 3-5 Years To Restore Dividend: CEO David Calhoun

The Boeing CEO said it could take two-to-three years for commercial airline travel to return to the level prior to the coronavirus crisis.

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Sensex, Nifty Poised To Extend Gains

Oil Prices Tumble Due To Demand Shock Amid Coronavirus Restrictions

Oil prices slumped on worries about limited capacity to store crude worldwide and expectations that fuel demand may only recover slowly.

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Oil Prices Tumble Due To Demand Shock Amid Coronavirus Restrictions

Oil prices slumped on worries about limited capacity to store crude worldwide and expectations that fuel demand may only recover slowly.

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"Very Challenging" To Meet 2020-21 Fiscal Deficit Target: Shaktikanta Das

Shaktikanta Das said he expected the government to take a judicious and balanced call on the question of the fiscal deficit.

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India Ratings Cuts GDP Growth Forecast To 1.9%, Lowest In 29 Years

added that if the lockdown continues beyond mid-May 2020, GDP growth may slip further to negative 2.1 percent

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India Ratings Cuts GDP Growth Forecast To 1.9%, Lowest In 29 Years

added that if the lockdown continues beyond mid-May 2020, GDP growth may slip further to negative 2.1 percent

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Sensex Soars Over 750 Points After RBI Eases Mutual Fund Concerns

Private-sector lender Kotak Mahindra Bank Ltd was the biggest mover, rising as much as 6.9% to a near four-week high.

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Sensex Soars Over 750 Points After RBI Eases Mutual Fund Concerns

Private-sector lender Kotak Mahindra Bank Ltd was the biggest mover, rising as much as 6.9% to a near four-week high.

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Gold Futures Rise To Rs 46,650 per 10 Grams Mark

Gold Rate Today: At 10:08 am, the gold futures contract (delivery on June 5) was up by Rs 23 per 10 grams - or 0.05 per cent - at Rs 46,550 per 10 grams.

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Gold Futures Rise To Rs 46,650 per 10 Grams Mark

Mindtree Shares Soar 9% On Jump In Q4 Net Profit

The company reported 3.9 per cent year-on-year (YoY) jump in consolidated net profit at Rs 206.2 crore for the fourth quarter ended March 31.

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Mindtree March Quarter Profit Rises Nearly 5% To Rs 206 Crore

Mindtree said its revenue from operations stood at Rs 2,050.5 crore in the final quarter of financial year 2019-20, up 4.34 per cent on a sequential basis.

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Mindtree Shares Soar 9% On Jump In Q4 Net Profit

The company reported 3.9 per cent year-on-year (YoY) jump in consolidated net profit at Rs 206.2 crore for the fourth quarter ended March 31.

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Mindtree March Quarter Profit Rises Nearly 5% To Rs 206 Crore

Sunday, April 26, 2020

RBI's Rs 50,000 Crore Boost For Mutual Funds, Days After Templeton Mess

The Reserve Bank of India (RBI) on Monday announced a special liquidity facility worth Rs 50,000 crore for mutual funds, in a bid to ease liquidity pressures in the segment and lift investors'...

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RBI's Rs 50,000 Crore Boost For Mutual Funds, Days After Templeton Mess

Gold Edges Lower As Equities Rise On Stimulus Hopes

Gold tends to benefit from widespread stimulus measures as it is often seen as a hedge against inflation and currency debasement.

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Reliance Industries Shares Extend Gains Post Reliance Jio-Facebook Deal

Last Wednesday Reliance Jio Infocomm, part of billionaire Mukesh Ambani's Reliance Industries group announced an investment of Rs 43,574 crore in Jio Platforms from Facebook Inc.

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Gold Edges Lower As Equities Rise On Stimulus Hopes

Gold tends to benefit from widespread stimulus measures as it is often seen as a hedge against inflation and currency debasement.

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Reliance Industries Shares Extend Gains Post Reliance Jio-Facebook Deal

Sensex, Nifty Likely To Open Higher

Analysts expect volatility in the four-day trading week as persistent weakness in the banking pack is possible.

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Sensex, Nifty Likely To Open Higher

Analysts expect volatility in the four-day trading week as persistent weakness in the banking pack is possible.

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Oil Falls As Crude In U.S. Storage Nears All-Time High

Oil prices fell on signs that oil storage is filling rapidly, raising concerns that production cuts will not catch up with collapse in demand.

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Sensex, Nifty Likely To Open Higher On Positive Global Cues

The SGX Nifty wasgoing strong in early trades, adding 67 points, and Asian shares made early gains ahead of a busy earnings week.

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Oil Falls As Crude In U.S. Storage Nears All-Time High

Oil prices fell on signs that oil storage is filling rapidly, raising concerns that production cuts will not catch up with collapse in demand.

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Sensex, Nifty Likely To Open Higher On Positive Global Cues

The SGX Nifty wasgoing strong in early trades, adding 67 points, and Asian shares made early gains ahead of a busy earnings week.

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Prolonged Lockdown May Push Millions Into Poverty: Ex-RBI Governor

Subbarao said that as predicted by analysts, India will have a V shaped recovery which is far better than most of the other countries

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Prolonged Lockdown May Push Millions Into Poverty: Ex-RBI Governor

Subbarao said that as predicted by analysts, India will have a V shaped recovery which is far better than most of the other countries

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When Oil Became Waste: A Week Of Turmoil For Crude And More Pain To Come

In Russia, one of the world's top producers, the industry is considering resorting to burning its oil to take it off the market

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When Oil Became Waste: A Week Of Turmoil For Crude And More Pain To Come

In Russia, one of the world's top producers, the industry is considering resorting to burning its oil to take it off the market

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Saturday, April 25, 2020

India Plans To Fast Track Chinese Investments After Policy Change: Report

Sources said government will try to approve any investment proposal in a non-sensitive sector within 15 days

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India Plans To Fast Track Chinese Investments After Policy Change: Report

Sources said government will try to approve any investment proposal in a non-sensitive sector within 15 days

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Akshay Tritiya Hit By Lockdown Even As Analysts Suggest Buying Gold

Traders are exploring the option to sell on the digital platform in a market where gold prices are hovering near an all-time high

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Akshay Tritiya Hit By Lockdown Even As Analysts Suggest Buying Gold

Traders are exploring the option to sell on the digital platform in a market where gold prices are hovering near an all-time high

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Friday, April 24, 2020

Aditya Birla, HDFC Funds Seek To Reassure Investors On Redemption

The closures sparked worries of panic withdrawals from other Franklin Templeton funds as well as credit funds of other asset managers, and triggered a storm on social media with distraught investors...

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Aditya Birla, HDFC Funds Seek To Reassure Investors On Redemption

Rupee Drops By 40 Paise To End At 76.46 Against Dollar

The rupee opened lower at 76.30 in the interbank forex market and declined to as low as 76.47 during the session, before settling at 76.46 for the day.

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Gold Futures Rise Nearly 1% To Touch Rs 46,800 Mark Amid COVID-19 Crisis

Gold Rate Today: At 1:52 pm, the gold futures contract (delivery on June 5) was up by Rs 303 per 10 grams - or 0.65 per cent - at Rs 46,730 per 10 grams.

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Gold Price Set For Over 2% Weekly Gain Amid COVID-19 Crisis

Weak economic data from the United States and Europe due to the novel coronavirus kept gold on track for a weekly gain.

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Gold Futures Rise Nearly 1% To Touch Rs 46,800 Mark Amid COVID-19 Crisis

Gold Price Set For Over 2% Weekly Gain Amid COVID-19 Crisis

Weak economic data from the United States and Europe due to the novel coronavirus kept gold on track for a weekly gain.

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Sensex Falls Over 550 Points Amid Coronavirus Drug Worries

The government has extended the biggest lockdown in the world to curb the spread of the coronavirus, which has infected over 23,000 and killed 718, according to official data.

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Sensex Falls Over 550 Points Amid Coronavirus Drug Worries

Cheaper Oil, Foreign Flows A Tailwind For Rupee

Crash in oil prices to 18-year lows is in particular a tailwind for rupee and could even return the country's current account balance to a surplus.

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Cheaper Oil, Foreign Flows A Tailwind For Rupee

Thursday, April 23, 2020

US-Based Franklin Templeton Shuts 6 India Funds: 10 Things To Know

US-based Franklin Templeton Mutual Fund said on Friday that it will wind up six funds in India from April 23, locking in Rs 30,800 crore of investors' money. The development comes at a time when the...

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US-Based Franklin Templeton Shuts 6 India Funds: 10 Things To Know

Franklin Locks In $4.1 Billion By Shutting Six Indian Funds

Franklin Templeton is shutting six fixed-income and credit-risk funds after stay-at-home restrictions hurt liquidity in some parts of bond market.

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Franklin Locks In $4.1 Billion By Shutting Six Indian Funds

Government Puts Dearness Allowance Hike For Employees, Pensioners On Hold

The additional installment of DA and DR due from July 1, 2020, and January 1, 2021, shall not be paid to employees and pensioners respectively.

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Sensex Falls Over 550 Points, Nifty Slips Below 9,150 In Early Trade

Analysts say volatility cannot be ruled out in the near term as investors assess the policy measures announced so far to fight the coronavirus (COVID-19) pandemic.

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Government Puts Dearness Allowance Hike For Employees, Pensioners On Hold

The additional installment of DA and DR due from July 1, 2020, and January 1, 2021, shall not be paid to employees and pensioners respectively.

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Sensex Opens Over 400 Points Lower, Nifty Below 9,200

Amazon India To Provide Broader Online Exposure To Over 5,000 Local Shops

The launch of "Local Shops on Amazon" coincides with a national lockdown as millions shelter in their homes to stem the spread of the coronavirus outbreak. The pilot included places that sell...

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Coronavirus Crisis: US-Based Franklin Templeton To Close Six India Funds

The funds included Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund...

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Amazon India To Provide Broader Online Exposure To Over 5,000 Local Shops

Coronavirus Crisis: US-Based Franklin Templeton To Close Six India Funds

Sensex, Nifty Likely To Have A Negative Opening

The benchmark indices are likely to open in the negative, snapping a 2-day winning streak, on the back of weak cues in the global markets.

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Sensex, Nifty Likely To Have A Negative Opening

The benchmark indices are likely to open in the negative, snapping a 2-day winning streak, on the back of weak cues in the global markets.

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FMCG Giant Unilever Withdraws 2020 Forecast, To Pay Interim Dividend

First-quarter turnover rose 0.2 per cent to 12.40 billion euros, slightly missing estimate of 12.77 billion euros, according to analysts polled by Factset.

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Wednesday, April 22, 2020

Rupee Bounces Back From All-Time Low, Touches 76.08 Against Dollar

On Wednesday, the rupee had surpassed 76.87 to log a new all-time low of 76.91 before recovering intraday losses.

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Rupee Bounces Back From All-Time Low, Touches 76.08 Against Dollar

On Wednesday, the rupee had surpassed 76.87 to log a new all-time low of 76.91 before recovering intraday losses.

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Rupee Rises By 48 Paise To 76.20 Against Dollar

Forex traders said higher opening of domestic equities supported the local unit, while sustained foreign fund outflows and concerns over coronavirus outbreak weighed on the currency.

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Rupee Rises By 48 Paise To 76.20 Against Dollar

India Growth Likely To Slip Below 1% In 2020-21: Fitch

Many groups of economists have lowered their GDP or gross domestic product projections for India.

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Gold Futures Rise Nearly 1% To Touch Rs 46,450 Mark Amid COVID-19 Crisis

At 10:14 am, the gold futures contract (delivery on June 5) was up by Rs 241 per 10 grams - or 0.52 per cent - at Rs 46,408 per 10 grams.

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Facebook Bets On India With $5.7 Billion Reliance Deal

Facebook is set to spend $5.7 billion to buy a 9.99 per cent stake in Reliance Industries' digital arm,

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India Growth Likely To Slip Below 1% In 2020-21: Fitch

Many groups of economists have lowered their GDP or gross domestic product projections for India.

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Gold Futures Rise Nearly 1% To Touch Rs 46,450 Mark Amid COVID-19 Crisis

At 10:14 am, the gold futures contract (delivery on June 5) was up by Rs 241 per 10 grams - or 0.52 per cent - at Rs 46,408 per 10 grams.

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Facebook Bets On India With $5.7 Billion Reliance Deal

Facebook is set to spend $5.7 billion to buy a 9.99 per cent stake in Reliance Industries' digital arm,

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Oil Rises For Second Day As Producers Cut Output To Cope With Demand Loss

Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel.

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Gold Price Gives In To Profit-Taking After 2% Jump

Against key rivals, the dollar climbed to a more than two-week peak earlier in the session, making gold costlier for investors using other currencies.

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Oil Rises For Second Day As Producers Cut Output To Cope With Demand Loss

Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel.

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Gold Price Gives In To Profit-Taking After 2% Jump

Sensex Rises Over 250 Points On Positive Global Cues; Pharma Stocks Rise

Analysts say investors are still on the back foot assessing the impact of the coronavirus (COVID-19) pandemic on business.

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Sensex, Nifty Open Higher

MSCI's broadest index of Asia Pacific shares outside of Japan bounced from two-week lows to be up 0.5 per cent at 460.43 points.

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Under $0 Crude Futures: Brokerages Move Court Against MCX, Sebi

The petitioners' advocate, Ravichandra Hegde, on Wednesday sought urgent hearing via video conference the next day.

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Two SpiceJet Lessors In Talks To Reclaim Planes Over Dues: Report

SpiceJet is not alone in wrestling with the impact of the coronavirus crisis, which has seen airlines worldwide seeking delays in rent and deliveries or state help.

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Under $0 Crude Futures: Brokerages Move Court Against MCX, Sebi

The petitioners' advocate, Ravichandra Hegde, on Wednesday sought urgent hearing via video conference the next day.

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Two SpiceJet Lessors In Talks To Reclaim Planes Over Dues: Report

Sensex, Nifty Likely To have a Positive Opening

The benchmark indices are likely to open on a positive note, extending the gains of the previous session, on the back of favourable global cues.

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Sensex, Nifty Likely To have a Positive Opening

The benchmark indices are likely to open on a positive note, extending the gains of the previous session, on the back of favourable global cues.

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Two Indian Refiners Cut Mideast Crude Purchases In May: Report

This is the second consecutive month that Indian refiners have sharply cut imports of term crude supplies

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OYO Cuts India Employees Pay By 25% For 4 Months: Report

The move comes soon after OYO furloughed thousands of its international employees earlier in April after the coronavirus outbreak.

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Oil Shares Continue To Slide As Crude Markets Reel Under Pressure

ONGC and OIL were down more than 7 per cent and 5 per cent, respectively, in afternoon trade

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OYO Cuts India Employees Pay By 25% For 4 Months: Report

The move comes soon after OYO furloughed thousands of its international employees earlier in April after the coronavirus outbreak.

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Oil Shares Continue To Slide As Crude Markets Reel Under Pressure

ONGC and OIL were down more than 7 per cent and 5 per cent, respectively, in afternoon trade

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Heineken Suffers 14% Slide In Beer Sales In March

The second quarter would be worse, with an impact also in the second half of the year

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Heineken Suffers 14% Slide In Beer Sales In March

The second quarter would be worse, with an impact also in the second half of the year

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Tuesday, April 21, 2020

Rupee Sinks Below 76.87 To Hit New All-Time Low Against Dollar

Analysts say the rupee is likely to remain under pressure amid foreign fund outflows from domestic equities and strength of the dollar overseas.

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Sensex Gains More Than 500 Points; Reliance Industries Spurts 8%

Domestic equity markets are going strong in mid-morning trading, led by stellar gains in index heavyweight, Reliance Industries.

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Rupee Sinks Below 76.87 To Hit New All-Time Low Against Dollar

Analysts say the rupee is likely to remain under pressure amid foreign fund outflows from domestic equities and strength of the dollar overseas.

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Sensex Gains More Than 500 Points; Reliance Industries Spurts 8%

Domestic equity markets are going strong in mid-morning trading, led by stellar gains in index heavyweight, Reliance Industries.

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Reliance Industries Shares Soar More Than 8% On Reliance Jio-Facebook Deal

Facebook bought a 9.9 per cent stake in Reliance Jio, the telecom subsidiary of Reliance Industries for $5.7 billion (Rs 43,574 crore).

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Reliance Industries Shares Soar More Than 8% On Reliance Jio-Facebook Deal

Facebook bought a 9.9 per cent stake in Reliance Jio, the telecom subsidiary of Reliance Industries for $5.7 billion (Rs 43,574 crore).

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Rupee Tumbles To All-Time Low Of 76.88 Against Dollar

The rupee surpassed its earlier all-time low of 76.87 registered on April 16.

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Rupee Tumbles To All-Time Low Of 76.88 Against Dollar

The rupee surpassed its earlier all-time low of 76.87 registered on April 16.

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Sensex, Nifty Open Higher

Facebook bought a 9.99 per cent stake in Reliance Jio for $5.7 billion, making it the largest minority shareholder in Jio Platforms.

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Sensex, Nifty Open Higher

Facebook bought a 9.99 per cent stake in Reliance Jio for $5.7 billion, making it the largest minority shareholder in Jio Platforms.

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Jio Unit Gets Rs 43,574 Crore Investment From Facebook: 10 Points

Reliance Jio Infocomm, part of billionaire Mukesh Ambani's Reliance Industries group, on Wednesday announced an investment of Rs 43,574 crore in the telecom company's subsidiary, Jio Platforms. The...

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Oil Prices Recover Ground After Plunging To The Lowest Level In History

U.S. oil futures rose more than 20 per cent and Brent prices steadied after a two-day price plunge, as markets struggle with a massive crude glut.

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Markets Are Likely To Open Lower On Weak Global Cues

The SGX Nifty is trading in the red and Asian markets have also registered early losses, taking off from the overnight losses in US markets.

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Jio Unit Gets Rs 43,574 Crore Investment From Facebook: 10 Points

Oil Prices Recover Ground After Plunging To The Lowest Level In History

Markets Are Likely To Open Lower On Weak Global Cues

The SGX Nifty is trading in the red and Asian markets have also registered early losses, taking off from the overnight losses in US markets.

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RBI Has These 5 Policy Options to Combat Economic Crisis

Reserve Bank of India has already cut interest rates by 75 basis points, injected more than $50 billion of liquidity into the financial system.

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Monday, April 20, 2020

Gold Futures Rise, Return Above Rs 46,000 Per 10 Grams Mark

At 11:10 am, the gold futures contract (delivery on June 5) was up by Rs 283 per 10 grams - or 0.62 per cent - at Rs 45,997 per 10 grams.

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Sensex, Nifty Fall Over 3% As Oil Market Tumbles Amid COVID-19 Fears

The country is grappling with the health crisis and the government has extended the world's largest lockdown to curb the virus spread.

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Oil And Gas Stocks Slip On Crash In Oil Prices Amid COVID-19 Pandemic

Petroleum sector shares: May crude oil price futures settled at minus $37.63 a barrel on Monday, a 306 per cent daily drop.

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Gold Futures Rise, Return Above Rs 46,000 Per 10 Grams Mark

At 11:10 am, the gold futures contract (delivery on June 5) was up by Rs 283 per 10 grams - or 0.62 per cent - at Rs 45,997 per 10 grams.

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Sensex, Nifty Fall Over 3% As Oil Market Tumbles Amid COVID-19 Fears

The country is grappling with the health crisis and the government has extended the world's largest lockdown to curb the virus spread.

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Oil And Gas Stocks Slip On Crash In Oil Prices Amid COVID-19 Pandemic

Petroleum sector shares: May crude oil price futures settled at minus $37.63 a barrel on Monday, a 306 per cent daily drop.

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Firm Dollar Eases Gold Price, Oil-Led Equity Dip Keeps Losses In Check

Bullion has on occasion moved in tandem with stock markets this year, with recent sharp sell-offs prompting investors to sell precious metals to cover their losses elsewhere.

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Firm Dollar Eases Gold Price, Oil-Led Equity Dip Keeps Losses In Check

Infosys Shares Decline More Than 3% On Drop In Q4 Net Profit

Infosys reported a decline of 3.05 per cent in net profit for January-March period to Rs 4,321 crore, compared to Rs 4,457 crore in previous quarter.

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Rupee Falls By 30 Paise To 76.83 Against Dollar Amid Coronavirus Fears

The rupee started the session at 76.79 in the interbank forex market, and declined to as low as 76.83.

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Infosys Shares Decline More Than 3% On Drop In Q4 Net Profit

Rupee Falls By 30 Paise To 76.83 Against Dollar Amid Coronavirus Fears

The rupee started the session at 76.79 in the interbank forex market, and declined to as low as 76.83.

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US Oil Prices Crawl Back To Positive Territory After Record Fall Below $0

West Texas Intermediate (WTI) crude prices - the benchmark for US oil prices - turned negative for the first time in history on Monday as the coronavirus pandemic and resultant lockdowns have...

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Sensex, Nifty Open Sharply Lower

MSCI's broadest index of Asia-Pacific shares outside Japan fell half a per cent. Japan's Nikkei 225 benchmark fell 1 per cent.

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US Oil Prices Crawl Back To Positive Territory After Record Fall Below $0

Sensex, Nifty Open Sharply Lower

MSCI's broadest index of Asia-Pacific shares outside Japan fell half a per cent. Japan's Nikkei 225 benchmark fell 1 per cent.

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Sensex, Nifty Likely To Open Sharply Lower Today

Asian equity markets followed Wall Street lower. MSCI's broadest index of Asia-Pacific shares outside Japan fell half a per cent. Japan's Nikkei 225 benchmark fell 1 per cent.

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What Is A Negative Crude Future And Does It Mean Anything For Consumers?

The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut

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Crude Oil Claws Back Into Positive Territory After Plunging Below Zero On Coronavirus Fears

U.S. crude oil bounced back into positive territory on Tuesday, after a historic plunge below zero that shocked investors and pushed down stock prices and Asian currencies.

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Sensex, Nifty Likely To Open Sharply Lower Today

What Is A Negative Crude Future And Does It Mean Anything For Consumers?

Crude Oil Claws Back Into Positive Territory After Plunging Below Zero On Coronavirus Fears

India Foreign Investment Rules Aimed At China To Include Hong Kong: Report

A substantial part of Chinese investments is routed through Hong Kong given its market expertise and deep pool of liquidity.

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Sensex Closes Higher For Third Day

Gains in IT, energy and state-run banking stocks were offset by losses in automobile, metal and consumer goods counters.

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Sensex Closes Higher For Third Day

Gains in IT, energy and state-run banking stocks were offset by losses in automobile, metal and consumer goods counters.

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Infosys Shares Jump 5% Ahead Of March Quarter Earnings

At 2:59 pm, shares in Infosys traded with a gain of 4.03 per cent at Rs 654.65 apiece on the BSE, outperforming the benchmark S&P BSE Sensex index, which was up 0.25 per cent.

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Infosys Shares Jump 5% Ahead Of March Quarter Earnings

Larsen & Toubro Unit Wins Over Rs 1,000-Crore Orders

L&T said the "significant" orders bagged by L&T Construction were both within the country and abroad.

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Larsen & Toubro Unit Wins Over Rs 1,000-Crore Orders

L&T said the "significant" orders bagged by L&T Construction were both within the country and abroad.

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Coronavirus Takes Toll On Global M&A As $1 Billion Deals Disappear

The dearth of mega deals comes as countries across the world have shut down large swathes of their economies as they battle the COVID-19 pandemic.

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Coronavirus Takes Toll On Global M&A As $1 Billion Deals Disappear

Sunday, April 19, 2020

Nifty, Sensex Rise On HDFC Bank Boost

gains were limited by losses in other banks and consumer goods stocks amid rising cases of the coronavirus.

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Nifty, Sensex Rise On HDFC Bank Boost

gains were limited by losses in other banks and consumer goods stocks amid rising cases of the coronavirus.

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Centre Tweaks FDI Policy To Protect Companies From Hostile Takeovers

Companies located in countries that share a border with India will have to approach the government for investing in India.

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Centre Tweaks FDI Policy To Protect Companies From Hostile Takeovers

Companies located in countries that share a border with India will have to approach the government for investing in India.

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Gold Futures Edge Lower To Trade Near Rs 45,450 Per 10 Grams

Gold Rate In India: At 10:22 am, the gold futures contract (delivery on June 5) was down 0.32 per cent - or Rs 147 per 10 grams - at Rs 45,588 per 10 grams.

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HDFC Bank Gains More Than 3% On Jump In Q4 Net Profit

HDFC Bank on Saturday reported an increase of nearly 18 per cent in net profit for the March quarter, led by strong loan growth.

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Gold Futures Edge Lower To Trade Near Rs 45,450 Per 10 Grams

HDFC Bank Gains More Than 3% On Jump In Q4 Net Profit

HDFC Bank on Saturday reported an increase of nearly 18 per cent in net profit for the March quarter, led by strong loan growth.

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Sensex Opens Over 450 Points Higher, Nifty Above 9,350; Earnings In Focus

Some analysts say the markets are pricing in the possibility of a staggered relaxation of the nationwide lockdown.

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Sensex Opens Over 450 Points Higher, Nifty Above 9,350; Earnings In Focus

Some analysts say the markets are pricing in the possibility of a staggered relaxation of the nationwide lockdown.

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Gold Falls On Firm Dollar, Hopes Of U.S. Economy Re-opening

Investors remained optimistic that the U.S. economy might reopen soon from lockdowns that were enforced to contain the novel coronavirus' spread.

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Sensex, Nifty Likely To Have A Cautious Start

The Asian markets are trading lower this morning, with the MSCI's broadest index of Asia-Pacific shares outside Japan easing 0.2 per cent in early trade.

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Gold Falls On Firm Dollar, Hopes Of U.S. Economy Re-opening

Investors remained optimistic that the U.S. economy might reopen soon from lockdowns that were enforced to contain the novel coronavirus' spread.

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Sensex, Nifty Likely To Have A Cautious Start

Rs 36,659 Crore Transferred To 16 Crore Bank Accounts: Finance Ministry

Till April 13, the total number of women beneficiaries was 19.86 crore, the ministry said.

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Rs 36,659 Crore Transferred To 16 Crore Bank Accounts: Finance Ministry

Till April 13, the total number of women beneficiaries was 19.86 crore, the ministry said.

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Markets Gain Some Momentum Last Week, Earnings To Set Tone From Monday

Participants are also hopeful of more stimulus measures from the government to prop up growth amid the coronavirus crisis

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Markets Gain Some Momentum Last Week, Earnings To Set Tone From Monday

Participants are also hopeful of more stimulus measures from the government to prop up growth amid the coronavirus crisis

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India's Steel Demand Expected To Drop 7.7% in 2020, Says Industry Body

Most steel companies have faced disruptions and suspended operations at some of their plants

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India's Steel Demand Expected To Drop 7.7% in 2020, Says Industry Body

Most steel companies have faced disruptions and suspended operations at some of their plants

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CBDT To Notify Revised Return Forms For Taxpayers By April-End

Last month, the government had extended the March 31 deadline of filing income taxes till June 30

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CBDT To Notify Revised Return Forms For Taxpayers By April-End

Last month, the government had extended the March 31 deadline of filing income taxes till June 30

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SpiceJet To Send Select Staff On Leave Without Pay: Report

Earlier, the budget carrier had sent employees on leave without pay from March 25 to 31

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SpiceJet To Send Select Staff On Leave Without Pay: Report

Earlier, the budget carrier had sent employees on leave without pay from March 25 to 31

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Saturday, April 18, 2020

HDFC Bank March Quarter Profit Up 18%

HDFC Bank's net profit for the quarter ending in March rose to Rs 6,928 crore, up from Rs 5,885 crore a year earlier, the company said in a regulatory filing.

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HDFC Bank March Quarter Profit Up 18%

HDFC Bank Finalises Three Candidates To Succeed Aditya Puri, Awaits RBI Nod

Aditya Puri has been the head of the lender since its incorporation 25 years ago and has led it to be the largest and most valuable bank, on the back of a strict hold over asset quality.

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HDFC Bank Finalises Three Candidates To Succeed Aditya Puri, Awaits RBI Nod

Fuel Demand Falls 50% In First Half Of April On COVID-19 Lockdown: Report

The slump in fuel demand has already forced some refiners to halve crude processing and increase prompt exports of refined fuels.

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Fuel Demand Falls 50% In First Half Of April On COVID-19 Lockdown: Report

The slump in fuel demand has already forced some refiners to halve crude processing and increase prompt exports of refined fuels.

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Industry Body SIAM Seeks Tax Cut On Automobiles Amid COVID-19 Crisis

Companies want a temporary, 10 per centcut in tax on the sale of all automobiles and auto parts and incentives, in the form of tax rebates, for car owners to scrap their old vehicles, SIAM said.

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Industry Body SIAM Seeks Tax Cut On Automobiles Amid COVID-19 Crisis

Friday, April 17, 2020

Taxman Issues Rs 5,204-Crore Refunds To Small Businesses In 10 Days

These income tax refunds will help MSMEs carry on their business activities without pay cuts and layoffs in the COVID-19 pandemic situation.

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Taxman Issues Rs 5,204-Crore Refunds To Small Businesses In 10 Days

These income tax refunds will help MSMEs carry on their business activities without pay cuts and layoffs in the COVID-19 pandemic situation.

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Forex Reserves Soar By $1.82 Billion To $476.5 Billion In A Week

The forex reserves had declined by $902 million to $474.660 billion in the previous week, due to the fall in foreign currency assets.

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Estimates Suggest Global Downturn Deeper Than Great Recession: World Bank

The World Bank has so far financed COVID-19 programmes in 64 developing countries and will have 100 countries underway by the end of April.

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Forex Reserves Soar By $1.82 Billion To $476.5 Billion In A Week

The forex reserves had declined by $902 million to $474.660 billion in the previous week, due to the fall in foreign currency assets.

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Estimates Suggest Global Downturn Deeper Than Great Recession: World Bank

The World Bank has so far financed COVID-19 programmes in 64 developing countries and will have 100 countries underway by the end of April.

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In Economic Crisis, What RBI's Big Moves Today Aim At

The central bank kept its benchmark repo rate unchanged at 4.40% after a 75 bps cut last month.

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Sensex Holds 500-Point Lead Led By Gains In Rate Sensitive Stocks

Rate sensitive realty, banking, financial services and auto stocks were witnessing buying interest after the RBI's move to boost lending.

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Sensex Holds 500-Point Lead Led By Gains In Rate Sensitive Stocks

Rate sensitive realty, banking, financial services and auto stocks were witnessing buying interest after the RBI's move to boost lending.

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RBI Gives NPA Classification Reprieve To Moratorium Accounts

The 90-day non-performing assets (NPA) norm will not be applicable on moratorium granted on existing loans by banks.

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Thursday, April 16, 2020

RBI Gives NPA Classification Reprieve To Moratorium Accounts

The 90-day non-performing assets (NPA) norm will not be applicable on moratorium granted on existing loans by banks.

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RBI Cuts Reverse Repo Rate Amid Coronavirus Crisis

The RBI Governor announced a range of money market operations on Friday.

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India Expected To Post Sharp Turnaround In 2021-22: Shaktikanta Das

This is the second time the RBI Governor addressed the media since the country began the lockdown on March 25.

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RBI Cuts Reverse Repo Rate Amid Coronavirus Crisis

The RBI Governor announced a range of money market operations on Friday.

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India Expected To Post Sharp Turnaround In 2021-22: Shaktikanta Das

This is the second time the RBI Governor addressed the media since the country began the lockdown on March 25.

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RBI Governor Shaktikanta Das Addresses Media Amid Coronavirus Crisis

Today is the second time the RBI Governor is addressing the media since the nationwide lockdown imposed by the Centre to curb the coronavirus pandemic.

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RBI Governor Shaktikanta Das Addresses Media Amid Coronavirus Crisis

Chinese Economy Posts First Quarterly GDP Fall Due To Coronavirus Crisis

China's economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralysed production and spending

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Coronavirus Crisis: RBI Chief Shaktikanta Das To Address Media At 10 AM

Last month, the RBI cut the cash reserve ratio by 100 bps to 3 per cent apart from announcing various measures to boost liquidity in the system.

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Sensex, Nifty Open Higher

RBI Governor Shaktikanta Das is scheduled to address a press conference at 10 am.

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Chinese Economy Posts First Quarterly GDP Fall Due To Coronavirus Crisis

China's economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralysed production and spending

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Coronavirus Crisis: RBI Chief Shaktikanta Das To Address Media At 10 AM

Last month, the RBI cut the cash reserve ratio by 100 bps to 3 per cent apart from announcing various measures to boost liquidity in the system.

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Sensex, Nifty Open Higher

RBI Governor Shaktikanta Das is scheduled to address a press conference at 10 am.

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Gold Poised To Gain For The Second Week On Global Recession Fears

Gold prices inched lower on Friday as Asian equities showed signs of a rebound, but fears of a steep global recession limited a drop in metal's price

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Gold Poised To Gain For The Second Week On Global Recession Fears

Brent Oil Jumps Nearly 3% After Trump Outlines Plan To Ease Restrictions

Trump laid out a three-stage process for ending lockdowns to stop the spread of the coronavirus that has now killed more than 32,000 Americans

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Brent Oil Jumps Nearly 3% After Trump Outlined Three-Stage Process To Ease Coronavirus Restrictions

Trump laid out a three-stage process for ending lockdowns to stop the spread of the coronavirus that has now killed more than 32,000 Americans

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Gap-Up Opening Likely For Sensex, Nifty Today

Analysts say the markets are expected to consolidate with the possibility of bouts of volatility in the near term.

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Gap-Up Opening Likely For Sensex, Nifty Today

Analysts say the markets are expected to consolidate with the possibility of bouts of volatility in the near term.

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Health, Motor Insurance Policy Renewal Dates Extended Up To May 15

It is expected that similar extension will be effected for life insurance renewal policy also

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Gold Futures Rise 1% To Top Rs 47,000 Mark Amid Coronavirus

Gold Rate Today: At 2:15 pm, the gold futures contract (delivery on June 5) was up 0.69 - or Rs 320 per 10 grams - at Rs 47,030 per 10 grams.

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Gold Futures Rise 1% To Top Rs 47,000 Mark Amid Coronavirus

Gold Rate Today: At 2:15 pm, the gold futures contract (delivery on June 5) was up 0.69 - or Rs 320 per 10 grams - at Rs 47,030 per 10 grams.

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Gold Eases On Stronger Dollar, Grim Economic Outlook Caps Losses

Gold prices edged lower on Thursday as the dollar firmed and investors booked profits, but losses were capped as dour retail sales and manufacturing data out of the United States heightened fears of a...

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Gold Eases On Stronger Dollar, Grim Economic Outlook Caps Losses

Sensex Gains Over 100 Points; Energy, Metal, Pharma Stocks Lead Gains

At 11:45 am, the S&P BSE Sensex index was quoting at 30,527, higher by 146 points and the Nifty was at 8,983, up 58 points.

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Merchandise Exports Shrink 35% In March, Steepest Decline Since 1991

In rupee terms, the exports declined 29.98 per cent to 1.59 lakh crore last month.

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Wednesday, April 15, 2020

Sensex Gains More Than 100 Points; Energy, Metal, Pharma Stocks Lead

At 11:45 am, the S&P BSE Sensex index was quoting at 30,527, higher by 146 points and the Nifty was at 8,983, up 58 points.

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Merchandise Exports Shrink 35% In March, Steepest Decline Since 1991

In rupee terms, the exports declined 29.98 per cent to 1.59 lakh crore last month.

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Wipro Reports Weak Q4 Numbers And Suspends Guidance; Stock Trades Flat

Wipro reported a net profit of Rs 2,326.1 crore for quarter ended March 31, a decline of 5.29 per cent vis-a-vis previous quarter's Rs 2,455.9 crore.

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Wipro Reports Weak Q4 Numbers And Suspends Guidance; Stock Trades Flat

Relief On Health, Auto Insurance Policies Due For Renewal During Lockdown

Earlier this week, the government extended a nationwide lockdown to curb the spread of the COVID-19 disease.

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Relief On Health, Auto Insurance Policies Due For Renewal During Lockdown

Earlier this week, the government extended a nationwide lockdown to curb the spread of the COVID-19 disease.

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Sensex, Nifty Open Lower

Equities in other Asian markets moved lower, with MSCI's broadest index of Asia-Pacific shares outside Japan last seen trading down 0.6 per cent, and Japan's Nikkei benchmark down 1.3 per cent.

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Sensex, Nifty Open Lower

India May See First Contraction In 40 Years On Lockdown Extension

The lengthening of the mandatory stay-at-home period to 40 days from 21 days will result in a direct output loss of more than 8 per cent

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India May See First Contraction In 40 Years On Lockdown Extension

The lengthening of the mandatory stay-at-home period to 40 days from 21 days will result in a direct output loss of more than 8 per cent

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Global Stocks Slide As Dire Economic Outlook Weighs On Sentiment

Benchmark indexes in Australia, Korea, Hong Kong and Shanghai also posted falls between 0.3 per cent and 1.5 per cent.

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Global Stocks Slide As Dire Economic Outlook Weighs On Sentiment

Benchmark indexes in Australia, Korea, Hong Kong and Shanghai also posted falls between 0.3 per cent and 1.5 per cent.

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Oil Bounces Back As Rising Stockpiles May Lead To Output Cuts

Oil rose on Thursday on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts

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Oil Bounces Back As Rising Stockpiles May Lead To Output Cuts

Oil rose on Thursday on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts

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Sensex, Nifty Likely To Have A Weak Start

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 per cent. In Japan, where a Reuters survey showed most firms feel stimulus measures announced so far are insufficient, the Nikkei...

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Markets Likely To Have A Weak Start

Wipro Q4 Profit Down Over 5% At Rs 2,326 Crore

Shares in Wipro ended 1.53 per cent lower at Rs186.55 apiece on the BSE, underperforming the benchmark S&P BSE Sensex index which declined1.01 per cent.

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Rupee Slides 17 Paise To Hit All-Time Low Of 76.44 Against US Dollar

Investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak

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Sensex Ends 310 Points Down As Markets Reverse Direction Dragged By Banks

The Sensex crashed 1,346 points from day's highest point and the Nifty 50 index dropped below important psychological level of 8,900.

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Rupee Slides 17 Paise To Hit All-Time Low Of 76.44 Against US Dollar

Investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak

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Sensex Ends 310 Points Down As Markets Reverse Direction Dragged By Banks

The Sensex crashed 1,346 points from day's highest point and the Nifty 50 index dropped below important psychological level of 8,900.

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Crude Oil Hits 18-Year Low Amid Coronavirus-Fuelled Demand Slump

WTI tumbled to $19.20 per barrel, while Brent North Sea crude was down at $28.38.

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Crude Oil Hits 18-Year Low Amid Coronavirus-Fuelled Demand Slump

WTI tumbled to $19.20 per barrel, while Brent North Sea crude was down at $28.38.

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Sensex Slumps Over 1,000 Points From Day's High; Banks Under Pressure

Mid- and small-cap shares were outperforming their larger peers as the Nifty Midcap 100 and Nfty Smallcap 100 indexes were up 2 per cent each.

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Sensex Slumps Over 1,000 Points From Day's High; Banks Under Pressure

Mid- and small-cap shares were outperforming their larger peers as the Nifty Midcap 100 and Nfty Smallcap 100 indexes were up 2 per cent each.

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Wholesale Inflation Eases To 1% In March

Determined by the Wholesale Price Index (WPI), wholesale inflation is the rate of increase in wholesale prices.

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Wholesale Inflation Eases To 1% In March

Determined by the Wholesale Price Index (WPI), wholesale inflation is the rate of increase in wholesale prices.

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Tuesday, April 14, 2020

Sensex Soars Over 800 Points; Financials, Pharma, FMCG Lead Gains

All the NSE sectoral indices were trading in the green, with financials, pharma, FMCG and metal shares leading the gains.

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Sensex Soars Over 800 Points, Nifty Above9,200, Financials, Pharma, FMCG Lead Gains

All the NSE sectoral indices were trading in the green, with financials, pharma, FMCG and metal shares leading the gains.

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Sensex Rises Over 700 Points, Nifty Touches 9,200

Analysts say volatility cannot be ruled out as investors assess the severity of the rapidly-spreading COVID-19 disease.

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Chinese Economy Contracts For First Time In Decades Due To Coronavirus Crisis: Report

The world's second-largest economy tanked in the first three months of the year as factories closed, consumers were compelled to stay home and the virus spread to other countries.

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Gap-Up Opening For Sensex, Nifty

Analysts say volatility cannot be ruled out as investors assess the severity of the rapidly-spreading COVID-19 disease.

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Chinese Economy Contracts For First Time In Decades Due To Coronavirus Crisis: Report

Crude Oil Price Rises Over 1% On Hopes For Stockpile Purchases

Warnings of a deep recession by the International Monetary Fund (IMF), however, weighed on investor sentiment.

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Crude Oil Price Rises Over 1% On Hopes For Stockpile Purchases

Warnings of a deep recession by the International Monetary Fund (IMF), however, weighed on investor sentiment.

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Airline Revenues To Plunge 55% In 2020 On Coronavirus: Industry Body IATA

It marks a sharp worsening of the forecast for the aviation industry, as just three weeks ago the decrease was predicted to be 44 percent, or $252 billion.

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Airline Revenues To Plunge 55% In 2020 On Coronavirus: Industry Body IATA

Sensex, Nifty Likely To Have A Firm Opening

The Nifty futures were trading at 9,211, higher by 197 points, on the Singaporean Exchange around 07:30 hours IST.

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Markets Likely To Have A Gap-Up Opening

The Nifty futures were trading at 9,211, higher by 197 points, on the Singaporean Exchange around 07:30 hours IST.

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Banks Issue Orders To Employees Over Branch Overcrowding: Report

Bankers say they are now also being harassed by police for failing to ensure the social distancing required to help curb the spread of coronavirus.

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Pandemic Recovery Will Require More, Coordinated Stimulus, Says IMF

Governments will have to provide even more cash infusions to help the global economy rebound, IMF said

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Pandemic Recovery Will Require More, Coordinated Stimulus, Says IMF

Governments will have to provide even more cash infusions to help the global economy rebound, IMF said

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India Inc Stands By Lockdown Extension Call; Seeks Stimulus Package

Prime Minister Narendra Modi announced that the current lockdown will be extended till May 3.

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India To Grow At 1.9% This Year, Global Growth To Shrink 3%, Predicts IMF

The forecast also mentioned that Asian powerhouses India and China are likely to narrowly avoid recession this year

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India Inc Stands By Lockdown Extension Call; Seeks Stimulus Package

Prime Minister Narendra Modi announced that the current lockdown will be extended till May 3.

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India To Grow At 1.9% This Year, Global Growth To Shrink 3%, Predicts IMF

The forecast also mentioned that Asian powerhouses India and China are likely to narrowly avoid recession this year

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Use COVID-19 Crisis As Opportunity To Reform Aviation, Says SpiceJet CMD

Many airlines in India are close to bankruptcy as their cash reserves are running out amid the nationwide lockdown

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Use COVID-19 Crisis As Opportunity To Reform Aviation, Says SpiceJet CMD

Many airlines in India are close to bankruptcy as their cash reserves are running out amid the nationwide lockdown

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Government-Run Gold Bond Scheme To Fetch 2.5% Interest. How To Invest

Typically, gold is viewed as a safety bet, sharing an inverse relation with asset classes such as equities, say wealth planners.

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Government To Issue Sovereign Gold Bonds With Interest Rate Of 2.5%

The bonds will have a tenor of eight years but investors will have the option to exit after the fifth year.

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Government-Run Gold Bond Scheme To Fetch 2.5% Interest. How To Invest

Typically, gold is viewed as a safety bet, sharing an inverse relation with asset classes such as equities, say wealth planners.

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Government To Issue Sovereign Gold Bonds With Interest Rate Of 2.5%

The bonds will have a tenor of eight years but investors will have the option to exit after the fifth year.

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Monday, April 13, 2020

Gold Futures Soar Over 2% To Reclaim Rs 46,250 Mark Amid COVID-19 Fears

Current Gold Rate: The gold futures contract settled at Rs 46,255 per 10 grams for the day, up 2.12 per cent - or Rs 961 per 10 grams - compared to the previous close.

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Goodricke Group Managing Director Opts For 60% Salary Cut Due To Covid19 Crisis

The company said the cash flow shall be reviewed from time to time to ascertain when the salaries can be reinstated.

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Gold Futures Soar Over 2% To Reclaim Rs 46,250 Mark Amid COVID-19 Fears

Goodricke Group Managing Director Opts For 60% Salary Cut Due To Covid19 Crisis

The company said the cash flow shall be reviewed from time to time to ascertain when the salaries can be reinstated.

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Oil Gains Due to Expected Fall In U.S. Shale Production

A U.S. agency said shale output in the world's biggest crude producer would fall by the most on record in April, adding to cuts from major producers.

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Gold Soars To Over 7-Year High Amid Coronavirus Crisis

Mounting fears of a steeper global economic downturn due to the novel coronavirus increased gold's safe-haven appeal.

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Financial Markets Shut For Ambedkar Jayanti

Prime Minister Narendra Modi would be addressing the nation at 10 am this morning and he is widely expected to announce extension of the lockdown for another 2 weeks

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Oil Gains Due to Expected Fall In U.S. Shale Production

Gold Soars To Over 7-Year High Amid Coronavirus Crisis

Mounting fears of a steeper global economic downturn due to the novel coronavirus increased gold's safe-haven appeal.

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Financial Markets Shut For Ambedkar Jayanti

Domestic Passenger Vehicle Sales Down 51% In March: Industry Body SIAM

The sales data comes as an already-battered auto sector struggles against weak demand due to the fallout from the coronavirus pandemic.

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Sensex Falls Over 500 Points; Reliance Industries, HDFC Bank Top Drags

Reliance Industries, HDFC Bank, HDFC, Bajaj Finance and Kotak Mahindra Bank were among the top drags on the Sensex.

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What RBI Just Observed About COVID-19 Impact On Economy

The RBI in late March cut its main short-term lending rate by a larger than expected 75 basis points and took several measures to infuse liquidity in to the banking system to counter the economic...

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Sensex Falls Over 500 Points; Reliance Industries, HDFC Bank Top Drags

Reliance Industries, HDFC Bank, HDFC, Bajaj Finance and Kotak Mahindra Bank were among the top drags on the Sensex.

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What RBI Just Observed About COVID-19 Impact On Economy

Oil Rates To Continue To Fall, Historic Deal Insufficient: Goldman Sachs

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping known as OPEC+, said they had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June to...

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Oil Rates To Continue To Fall, Historic Deal Insufficient: Goldman Sachs

Sensex Off Day's Lows; Pharma Stocks Shine, While Auto, Energy Weak

At 12:00 pm, the Sensex had recouped around 400 points from intra-day low of 30,754.15 and was quoting at 30,911, lower by 251 points or 0.7 per cent

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Sensex Off Day's Lows; Pharma Stocks Shine, While Auto, Energy Weak

Sunday, April 12, 2020

HDFC Slips More Than 1% After Stake Hike By China's Central Bank

The People's Bank of China increased its stake in HDFC to 1.01 per cent from 0.8 per cent in the March quarter, the mortgage lender said on Saturday.

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HDFC Slips More Than 1% After Stake Hike By China's Central Bank

China Central Bank Raises Stake In HDFC To Over 1%

A selloff in broader markets over fears of the economic fallout from the coronavirus pandemic wiped out over 25 per cent off the mortgage lender's stock value in March.

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Rupee Edges Lower To 76.43 Against Dollar Amid Coronavirus Crisis

The rupee was last seen trading at 76.40 - down 11 paise from the previous close - against the greenback.

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China Central Bank Raises Stake In HDFC To Over 1%

Rupee Edges Lower To 76.43 Against Dollar Amid Coronavirus Crisis

The rupee was last seen trading at 76.40 - down 11 paise from the previous close - against the greenback.

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Sensex, Nifty Open On A Mixed Note

Last Friday, the Sensex had ended 4.23 per cent higher at 31,159.27 and the Nifty settled up 4.15 per cent at 9,111.90, marking the first weekly gain for both the indices after seven consecutive...

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Sensex, Nifty Open On A Mixed Note

Gold Succumbs To Profit-Booking, But Economic Downturn Fears Limit Losses

Investors booked profits after prices hit a one-month high last week, while worries over steeper global economic downturn limited bullion's losses.

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Gold Succumbs To Profit-Booking, But Economic Downturn Fears Limit Losses

OPEC, Russia Approve Record Oil Supply Cut Amid Coronavirus Pandemic

Measures to slow the spread of the coronavirus have destroyed demand for fuel and driven down oil prices, straining budgets of oil producers and hammering the US shale industry.

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OPEC, Russia Approve Record Oil Supply Cut Amid Coronavirus Pandemic

Sensex, Nifty Likely To Open Lower

The Asian markets have opened on a weak note post the extended weekend and Earli SGX trading also suggests a negative opening for the Indian bourses.

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Sensex, Nifty Likely To Open Lower

People's Bank Of China Acquires 1% Stake In HDFC

During the past one month the stock prices of HDFC fell over 25 per cent amid the beating across stocks

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People's Bank Of China Acquires 1% Stake In HDFC

During the past one month the stock prices of HDFC fell over 25 per cent amid the beating across stocks

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Saturday, April 11, 2020

World Bank Forecasts Worst Economic Slump In South Asia In 40 Years

The region, comprising eight countries, is likely to show economic growth of 1.8 per centto 2.8 per centthis year

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World Bank Forecasts Worst Economic Slump In South Asia In 40 Years

The region, comprising eight countries, is likely to show economic growth of 1.8 per centto 2.8 per centthis year

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Official Consumer Inflation Data For March Due On Monday. What To Expect

Official data on consumer inflation - or the rate of increase in consumer prices - for the month of March is due on Monday. Consumer inflation has remained above the Reserve Bank of India's...

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Official Consumer Inflation Data For March Due On Monday. What To Expect

Official data on consumer inflation - or the rate of increase in consumer prices - for the month of March is due on Monday. Many economists expect retail inflation to ease from 6.58 per cent in...

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EPFO Sets Up Mechanism To Credit Provident Fund Accounts Amid COVID-19

The labour ministry said eligible organisations can claim the relief by filing an electronic challan-cum-return (ECR).

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EPFO Sets Up Mechanism To Credit Provident Fund Accounts Amid COVID-19

The labour ministry said eligible organisations can claim the relief by filing an electronic challan-cum-return (ECR).

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Friday, April 10, 2020

US Consumer Prices Record Largest Drop In Five Years

Economists polled by Reuters had forecast the CPI dropping 0.3 per cent in March and climbing 1.6 per cent year-on-year.

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US Consumer Prices Record Largest Drop In Five Years

Economists polled by Reuters had forecast the CPI dropping 0.3 per cent in March and climbing 1.6 per cent year-on-year.

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Banks Ask Clients To Be Cautious Against Frauds While Opting Moratorium

Country's largest lender State Bank of India said, "Please note that EMI deferment does not require OTP sharing. Do not share your OTP."

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Banks Ask Clients To Be Cautious Against Frauds While Opting Moratorium

Country's largest lender State Bank of India said, "Please note that EMI deferment does not require OTP sharing. Do not share your OTP."

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Travel, Hospitality To Take Time To Recover Post Lockdown: Experts

Pharma, medical and health equipment and digital companies are among those which have seen a jump in their business following the COVID-19.

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Travel, Hospitality To Take Time To Recover Post Lockdown: Experts

Pharma, medical and health equipment and digital companies are among those which have seen a jump in their business following the COVID-19.

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ICICI Bank To Deploy Mobile ATM Vans In Noida, Other Districts In UP

The bank said it has already deployed mobile ATM vans at certain residential societies in the National Capital Region (NCR).

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ICICI Bank To Deploy Mobile ATM Vans In Noida, Other Districts In UP

The bank said it has already deployed mobile ATM vans at certain residential societies in the National Capital Region (NCR).

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Coronavirus Crisis: 1.37 Lakh PF Withdrawal Claims Settled Within 10 Days

Employees Provident Fund Organisation has disbursed an amount of Rs. 279.65 crore under a new provision specially formulated by amending EPF Scheme

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EPFO Settles 1.37 Lakh EPF Withdrawal Claims In Less Than 10 Days To Fight Covid-19

Thursday, April 9, 2020

2.5 Million Jobs In U.S. Could Be Lost Through 2021, Survey Suggests

A panel of top business economists sees high joblessness persisting for more than a year, dousing hopes for a quick return to normal.

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2.5 Million Jobs In U.S. Could Be Lost Through 2021, Survey Suggests

A panel of top business economists sees high joblessness persisting for more than a year, dousing hopes for a quick return to normal.

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Nearly 17 Million In US File For Unemployment In 3 Weeks Amid Coronavirus

Thursday's weekly jobless claims report from the Labor Department strengthens economists' expectations of job losses of up to 20 million in April.

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US Jobless Claims Top 6 Million For Second Straight Week Amid Coronavirus

Financial Markets Shut For Good Friday

India enters the seventeenth day of a 21-day ongoing nationwide lockdown meant to curb the rapid spread of coronavirus.

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Saudi, Russia Outline Record Supply Cut As Demand Crashes On COVID-19

Officials from the Organization of the Petroleum Exporting Countries and Russia have said the scale of the crisis required involvement of all producers.

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Financial Markets Shut For Good Friday

India enters the seventeenth day of a 21-day ongoing nationwide lockdown meant to curb the rapid spread of coronavirus.

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Saudi, Russia Outline Record Supply Cut As Demand Crashes On COVID-19

UN Report Projects India's 2020-21 GDP At 4.8% On COVID-19 Impact

The report said COVID-19 is having far-reaching economic and social consequences for Asia-Pacific region

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Economy Needs $200-$300 Billion Stimulus To Fight COVID-19: Assocham

Of the corpus, $50-100 billion needs to be infused in the system over the next three months to help businesses and workers, Deepak Sood said

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Economy Needs $200-$300 Billion Stimulus To Fight COVID-19: Assocham

Of the corpus, $50-100 billion needs to be infused in the system over the next three months to help businesses and workers, Deepak Sood said

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COVID-19 To Impact Economic Activity Directly Due To Lockdowns: RBI

The impact of COVID-19 on inflation is ambiguous, with a possible decline in food prices likely to be offset by potential cost-push increases in prices of non-food items due to supply disruptions,...

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Wednesday, April 8, 2020

COVID-19 To Impact Economic Activity Directly Due To Lockdowns: RBI

Virus Crisis A Chance For India To Reform Its Economy, Say Some Experts

India is facing its biggest crisis in decades, with a three-week lockdown in a nation of 1.3 billion people likely to result in economic recession, millions of job losses and possible starvation among...

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Virus Crisis A Chance For India To Reform Its Economy, Say Some Experts

Rupee Edges Higher To 76.11 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 76.11 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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Consumer Inflation Likely Fell To Four-Month Low In March: Poll

Softer inflation would give the RBI reason to cut borrowing costs further but some economists do not expect that to be the driver of policy for now.

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Oil Demand Slumps 70% In India, 3rd-Biggest Buyer, Amid Lockdown

The estimate for the current demand loss is a stark reminder of the challenge facing oil producers as they haggle over a deal to cut supply and prop up the global energy industry.

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Consumer Inflation Likely Fell To Four-Month Low In March: Poll

Oil Demand Slumps 70% In India, 3rd-Biggest Buyer, Amid Lockdown

Tax Breaks, Incentives For COVID-19-Hit Small Businesses Likely Next Week

The three-week shutdown due to end on April 14 has brought non-essential consumption in the nation of 1.3 billion people to a standstill, which has severely impacted cash flows of the so-called...

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Sensex Opens Over 650 Points Higher, Nifty Above 8,950

Analysts say the markets are likely to remain volatile in the short term as investors weigh the emergency measures deployed by policymakers against the deadly COVID-19 pandemic.

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Gold Inches Up On Weak Dollar, Pandemic Peaking Hopes Cap Gains

Gold prices rose slightly on Thursday ahead of a U.S. weekly jobless claims report as the dollar inched lower, while increasing appetite for risk on hopes that the new coronavirus pandemic is nearing...

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