Sunday, May 31, 2020

India's Factory Slump Deepened In May As Lockdown Hit Demand: Survey

Asia's third-largest economy will contract this quarter for the first time since the mid-1990s, a May Reuters poll found, having expanded 3.1 per cent last quarter, its weakest annual pace in at least...

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India's Factory Slump Deepened In May As Lockdown Hit Demand: Survey

Asia's third-largest economy will contract this quarter for the first time since the mid-1990s, a May Reuters poll found, having expanded 3.1 per cent last quarter, its weakest annual pace in at least...

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India's Joblessness Rate At 23.48% In May: Think-Tank CMIE

The country has reported 190,535 coronavirus cases, with 5,394 deaths.

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India's Joblessness Rate At 23.48% In May: Think-Tank CMIE

The country has reported 190,535 coronavirus cases, with 5,394 deaths.

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Non-Subsidised Cooking Gas Costlier By Up To Rs 37/Cylinder In Metros

Currently, the government subsidises 12 cylinders of 14.2 kilograms each per household in a year. The consumer has to make any additional purchases at the market price.

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Non-Subsidised Cooking Gas Costlier By Up To Rs 37/Cylinder In Metros

Currently, the government subsidises 12 cylinders of 14.2 kilograms each per household in a year. The consumer has to make any additional purchases at the market price.

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Yes Bank Gains Nearly 3% As Kapurs Step Down As Promoters

The Madhu Kapur group decided to give up their status as Yes Bank promoters and agreed to be categorised as non-promoter or public shareholders, Yes Bank said.

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Yes Bank Gains Nearly 3% As Kapurs Step Down As Promoters

The Madhu Kapur group decided to give up their status as Yes Bank promoters and agreed to be categorised as non-promoter or public shareholders, Yes Bank said.

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Opinion: The Pandemic Isn't India's Only Curve to Flatten

The squiggly line that joins the cost of money at different maturities - the yield curve - deserves just as much attention.

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Sensex Surges Over 900 Points Propelled By Gains Across Sectors

Domestic stock markets jumped more than 2 per cent on Monday as the country geared up to further open its economy after a months-long lockdown to curb the spread of the coronavirus pandemic.The S&P...

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Opinion: The Pandemic Isn't India's Only Curve to Flatten

The squiggly line that joins the cost of money at different maturities - the yield curve - deserves just as much attention.

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Sensex Surges Over 900 Points Propelled By Gains Across Sectors

Domestic stock markets jumped more than 2 per cent on Monday tracking Asian equities, which rose to three-month peaks. The S&P BSE Sensex soared as much as 2.81 per cent - or 910.86 points - to touch...

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Sensex, Nifty Likely To Open Higher Today

At 8:36 am, the SGX Nifty futures were up 185.00 points - or 1.95 per cent - at 9,667.25.

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10-Digit Numbering Will Continue, Says Telecom Regulator

TRAI said the country will continue with 10-digit numbering for mobile telephone services and rejected shifting to 11-digit mobile numbering plan.

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Sensex, Nifty Likely To Open Higher Today

At 8:36 am, the SGX Nifty futures were up 185.00 points - or 1.95 per cent - at 9,667.25.

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10-Digit Numbering Will Continue, Says Telecom Regulator

TRAI said the country will continue with 10-digit numbering for mobile telephone services and rejected shifting to 11-digit mobile numbering plan.

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PM Modi To Speak To India Inc On ''Getting Growth Back'' On Tuesday

PM Modi will deliver the inaugural address at the annual Session of the Confederation of Indian Industry (CII) to mark its 125th anniversary

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PM Modi To Speak To India Inc On ''Getting Growth Back'' On Tuesday

PM Modi will deliver the inaugural address at the annual Session of the Confederation of Indian Industry (CII) to mark its 125th anniversary

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Piyush Goyal Meets Pharma Industry Bosses, Announces Divestment In Sector

The minister said that India has been recognised as the Pharmacy of the World during the COVID-19 crisis

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Piyush Goyal Meets Pharma Industry Bosses, Announces Divestment In Sector

The minister said that India has been recognised as the Pharmacy of the World during the COVID-19 crisis

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Saturday, May 30, 2020

Madhu Kapur Group Gives Up Promoter Shareholding In Yes Bank

According to latest BSE data, Ms Madhu Kapur held 1.12 percent stake in Yes Bank while Mags Finvest Private Limited held 0.30 percent.

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Madhu Kapur Group Gives Up Promoter Shareholding In Yes Bank

According to latest BSE data, Ms Madhu Kapur held 1.12 percent stake in Yes Bank while Mags Finvest Private Limited held 0.30 percent.

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Gold Price Today: Gold Futures Rise To Touch Rs 46,850 Per 10 Grams Mark

The gold futures contract (delivery on June 5) finished the day at Rs 46,530 per 10 grams, up 0.27 per cent or Rs 125 per 10 grams compared to its previous close.

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Gold Price Today: Gold Futures Rise To Touch Rs 46,850 Per 10 Grams Mark

The gold futures contract (delivery on June 5) finished the day at Rs 46,530 per 10 grams, up 0.27 per cent or Rs 125 per 10 grams compared to its previous close.

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Gold Price Rises 1% On Uncertainty Over Donald Trump's Response To China

Global efforts to restart economies could boost silver demand, making prices of the metal, which slipped to an all-time low relative to gold during the crisis, likely to rebound strongly.

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Gold Price Rises 1% On Uncertainty Over Donald Trump's Response To China

Global efforts to restart economies could boost silver demand, making prices of the metal, which slipped to an all-time low relative to gold during the crisis, likely to rebound strongly.

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Rupee Closes Higher At 75.61 Against Dollar Ahead Of GDP Data

Rupee Vs Dollar (INR Vs USD) Today: The rupee registered a weekly gain of 0.45 per cent (34 paise) against the US dollar.

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Rupee Closes Higher At 75.61 Against Dollar Ahead Of GDP Data

Rupee Vs Dollar (INR Vs USD) Today: The rupee registered a weekly gain of 0.45 per cent (34 paise) against the US dollar.

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Top Asian Gold Hubs Struggle Amid Low Demand From Consumers

In Hong Kong, which has been reeling from protests over a national security legislation being introduced by China, premiums were unchanged at $0.50-$1.75 per ounce.

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Middle East Wealthy Most Cautious After Oil Slump, COVID-19: Barclays

Global stocks have regained some of the ground lost after a rout in March sparked by fears about the economic cost of the pandemic.

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Top Asian Gold Hubs Struggle Amid Low Demand From Consumers

In Hong Kong, which has been reeling from protests over a national security legislation being introduced by China, premiums were unchanged at $0.50-$1.75 per ounce.

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Middle East Wealthy Most Cautious After Oil Slump, COVID-19: Barclays

Global stocks have regained some of the ground lost after a rout in March sparked by fears about the economic cost of the pandemic.

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Friday, May 29, 2020

Yes Bank Acquires 24% Stake In Dish TV Through Pledged Shares

Dish TV India has a bandwidth capacity of 1,422 MHz with an ability to deliver more than 655 channels and services.

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Yes Bank Acquires 24% Stake In Dish TV Through Pledged Shares

Dish TV India has a bandwidth capacity of 1,422 MHz with an ability to deliver more than 655 channels and services.

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Billionaire Premji Hires Wipro CEO From His Rival

Wipro named Thierry Delaporte chief executive officer, recruiting its new leader from rival Capgemini SE as it tries to regain momentum in the tech services industry.

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Economy Needs Support From PSBs, Says Union Bank Chief

Union Bank chief said that there will be a shift of credit growth in favour of the PSBs

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Foreign Stakes in Top India Firms at 5-Year Low on Risk-Off Mood

Holdings of global funds in the Nifty-500 Index fell 140 basis points during the three-month period to an average 21 per cent, analysts wrote in a note.

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Government Says Cash Handouts To Migrants, Poor Not Ruled Out: Sources

Government has not ruled out cash transfer to the poor or migrant workers and said it will look at giving cash handouts as the situation evolves.

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Government Says Cash Handouts To Migrants, Poor Not Ruled Out: Sources

Government has not ruled out cash transfer to the poor or migrant workers and said it will look at giving cash handouts as the situation evolves.

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India's Services Industries Perform "Astonishingly Low" In April: Report

From call centers to hotels to airlines, India's key services industries have come to a standstill during the coronavirus outbreak, dragging the economy into possibly its worst recession on record.

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COVID-19 Impact To Remain For Some Time: Oyo Founder Ritesh Agarwal

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.

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India's Services Industries Perform "Astonishingly Low" In April: Report

From call centers to hotels to airlines, India's key services industries have come to a standstill during the coronavirus outbreak, dragging the economy into possibly its worst recession on record.

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Google Considers 5% Stake In Struggling Vodafone Idea: Report

Vodafone Idea is struggling following a $4 billion demand for back fees in addition to more than $14 billion of debt

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Economy Seen Slowing Rapidly In March Quarter, With Worse To Come

Median forecast from a Reuters poll of economists put annual economic growth at 2.1% in the March quarter, lower than 4.7% in the December quarter.

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COVID-19 Impact To Remain For Some Time: Oyo Founder Ritesh Agarwal

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.

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Google Considers 5% Stake In Struggling Vodafone Idea: Report

Vodafone Idea is struggling following a $4 billion demand for back fees in addition to more than $14 billion of debt

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Economy Seen Slowing Rapidly In March Quarter, With Worse To Come

Median forecast from a Reuters poll of economists put annual economic growth at 2.1% in the March quarter, lower than 4.7% in the December quarter.

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Thursday, May 28, 2020

Sensex, Nifty Turn Flat Amid Volatile Trade Ahead Of GDP Data

Analysts awaited the GDP data due at 5:30 pm for more clarity on the damage caused by the coronavirus (COVID-19) pandemic.

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Sensex, Nifty Turn Flat Amid Volatile Trade Ahead Of GDP Data

Analysts awaited the GDP data due at 5:30 pm for more clarity on the damage caused by the coronavirus (COVID-19) pandemic.

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Wipro Shares Gain Over 2% On Appointment Of New CEO And MD

Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.

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Wipro Shares Gain Over 2% On Appointment Of New CEO And MD

Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.

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Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director

Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.

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Sensex Falls Over 350 Points Ahead Of GDP Data: 10 Things To Know

Domestic stock markets started Friday's session on a lacklustre note ahead of the release of official gross domestic product (GDP) data for the January-March period due later in the day. The S&P BSE...

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Wipro Appoints Capgemini's Thierry Delaporte As New CEO & Managing Director

Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.

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Sensex Falls Over 350 Points Ahead Of GDP Data: 10 Things To Know

Domestic stock markets started Friday's session on a lacklustre note ahead of the release of official gross domestic product (GDP) data for the January-March period due later in the day. The S&P BSE...

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Sensex, Nifty Likely To Have A Weak Opening

The US markets ended in the red, Asian markets were in negative territory in early trading and trends on SGX Nifty indicate a gap-down opening.

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Sensex, Nifty Likely To Have A Weak Opening

The US markets ended in the red, Asian markets were in negative territory in early trading and trends on SGX Nifty indicate a gap-down opening.

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Monsoon Rains Expected To Arrive Kerala Around June 1

The IMD had earlier forecast the arrival of monsoon rains over Kerala on June 5, four days later than usual.

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Abu Dhabi State Fund In Talks To Invest $1 Billion In Jio: Report

Jio Platforms, which houses music and movie apps as well as Reliance's telecoms venture Jio Infocomm, has secured a massive $10 billion from investors including Facebook Inc within a month.

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Abu Dhabi State Fund In Talks To Invest $1 Billion In Jio: Report

Jio Platforms, which houses music and movie apps as well as Reliance's telecoms venture Jio Infocomm, has secured a massive $10 billion from investors including Facebook Inc within a month.

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Sensex, Nifty Close 2% Higher As Financial Stocks Extend Gains

Analysts awaited macroeconomic data for more clarity on the economic damage caused by the coronavirus pandemic.

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Sensex, Nifty End Higher For Second Day As Financial Stocks Extend Gains

Analysts awaited macroeconomic data for more clarity on the economic damage caused by the coronavirus pandemic.

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Rupee Edges Lower To Close At 75.76 Against Dollar

After starting the four-hour session at the weakest level of the day at 75.90, the rupee briefly turned positive to touch 75.68 before giving in to losses in volatile trade.

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Gold Futures Rise To Rs 46,600 Per 10 Grams Amid COVID-19 Crisis

At 1:37 pm, the gold futures contract (delivery on June 5) traded at Rs 46,590 per 10 grams - up 0.13 per cent or Rs 59 per 10 grams compared to its previous close.

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Rupee Edges Lower To Close At 75.76 Against Dollar

After starting the four-hour session at the weakest level of the day at 75.90, the rupee briefly turned positive to touch 75.68 before giving in to losses in volatile trade.

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Gold Futures Rise To Rs 46,600 Per 10 Grams Amid COVID-19 Crisis

At 1:37 pm, the gold futures contract (delivery on June 5) traded at Rs 46,590 per 10 grams - up 0.13 per cent or Rs 59 per 10 grams compared to its previous close.

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Gold Off 2-Week Low Amid US-China Tensions

Worsening relations between the world's two biggest economies could further hobble global business activity, which is already under intense pressure due to the coronavirus crisis.

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Gold Off 2-Week Low Amid US-China Tensions

Worsening relations between the world's two biggest economies could further hobble global business activity, which is already under intense pressure due to the coronavirus crisis.

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Sensex Reclaims 32,000, Surges Over 500 Points Led By Banks

Buying in HDFC Bank, HDFC, ICICI Bank, Axis Bank and Kotak Mahindra Bank contributed over 300 points towards gain in the Sensex.

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Sensex Reclaims 32,000, Surges Over 500 Points Led By Banks

Buying in HDFC Bank, HDFC, ICICI Bank, Axis Bank and Kotak Mahindra Bank contributed over 300 points towards gain in the Sensex.

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State-Run NTPC Keen To Buy Anil Ambani's Power Distribution Units

Reliance Infrastructure owns a majority stake in BSES Yamuna (BYPL) and BSES Rajdhani (BRPL), which are joint ventures with the government of Delhi.

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Wednesday, May 27, 2020

NTPC Looking At Buying Anil Ambani's Power Utilities In Delhi

Reliance Infrastructure owns a majority stake in BSES Yamuna (BYPL) and BSES Rajdhani (BRPL), which are joint ventures with the government of Delhi.

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Maruti Suzuki Partners With HDFC Bank To Offer Car Finance Schemes

HDFC Bank would also be offering Maruti Suzuki customers the option of a post approval digital disbursement, in view of the current social distancing norms.

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Maruti Suzuki Partners With HDFC Bank To Offer Car Finance Schemes

HDFC Bank would also be offering Maruti Suzuki customers the option of a post approval digital disbursement, in view of the current social distancing norms.

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Sensex Rises Over 250 Points, Nifty Above 9,350; Banking Stocks Jump

Domestic stock markets started Thursday's session on a positive note, a day after benchmark indices soared more than 3 per cent in their biggest single-day surge so far this month. The S&P BSE Sensex...

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Sensex Rises Over 250 Points, Nifty Above 9,350; Banking Stocks Jump

Domestic stock markets started Thursday's session on a positive note, a day after benchmark indices soared more than 3 per cent in their biggest single-day surge so far this month. The S&P BSE Sensex...

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India May Need To Pump $20 Billion Into Virus-Hit State Banks: Report

The government may need to inject up to Rs 1.5 trillion ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic.

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Sensex, Nifty Likely To Open Higher Today

On Wednesday, the Sensex had soared 995.92 points to end at 31,605.22, and the Nifty settled at 9,314.95, up 285.90 points from the previous close.

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India May Need To Pump $20 Billion Into Virus-Hit State Banks: Report

The government may need to inject up to Rs 1.5 trillion ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic.

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Sensex, Nifty Likely To Open Higher Today

On Wednesday, the Sensex had soared 995.92 points to end at 31,605.22, and the Nifty settled at 9,314.95, up 285.90 points from the previous close.

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Google Pay Faces Case In India Over Unfair Promotion Of App : Report

The complaint says Google more prominently showcases its payment app inside Android app store in India

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Sensex Ends Nearly 1,000 Points Higher, Clocks Best Day Of May Led By Banks

Surge in HDFC Bank, ICICI Bank, HDFC, Axis Bank and Kotak Mahindra Bank collectively contributed over 600 points towards gain in the Sensex.

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Sensex, Nifty Soar Over 3% Amid Strong Buying Interest In Banking Stocks

Analysts awaited official data on the country's gross domestic product (GDP) due on Friday.

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Birla Corporation Surges 43% In 2 Days As Profit Doubles In March Quarter

The company registered a net profit of Rs 195 crore, up 51.9 percent on a year-on-year basis

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Birla Corporation Surges 43% In Two Days As Profit Doubles In 4th Quarter

The company registered a net profit of Rs 195 crore, up 51.9 percent on a year-on-year basis

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Sensex Surges Over 800 Points Led By Gains In Banking Stocks

HDFC Bank, ICICI Bank, HDFC, Infosys, Kotak Mahindra Bank and Axis Bank were among the top movers in the Sensex.

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Sensex Surges Over 500 Points Led By Gains In Banking Stocks

HDFC Bank, ICICI Bank, HDFC, Infosys, Kotak Mahindra Bank and Axis Bank were among the top movers in the Sensex.

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Sensex Up Over 250 Points; Financials, Information Technology Stocks Gain

At 11:53 am, the BSE Sensex was at 30,856.30, higher by 246.71 points or 0.8 per cent and the NSE Nifty was at 9,103.95, up 75.28 points or 0.8 per cent.

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Sensex Up Over 250 Points; Financials, Information Technology Stocks Gain

At 11:53 am, the BSE Sensex was at 30,856.30, higher by 246.71 points or 0.8 per cent and the NSE Nifty was at 9,103.95, up 75.28 points or 0.8 per cent.

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Tuesday, May 26, 2020

Ola Buys Dutch Electric Scooter Company Etergo

Ola said it will begin electric vehicle production work this year and plans to launch its first electric scooter in 2021

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Biocon Subsidiary Receives Nod To Use Cytosorb In Covid-19 Treatment

The licence will be effective until the COVID-19 outbreak is controlled in the country, the company said in a regulatory filing.

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Ola Buys Dutch Electric Scooter Company Etergo

Ola said it will begin electric vehicle production work this year and plans to launch its first electric scooter in 2021

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Biocon Subsidiary Receives Nod To Use Cytosorb In Covid-19 Treatment

The licence will be effective until the COVID-19 outbreak is controlled in the country, the company said in a regulatory filing.

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Rupee Opens Flat At 75.67 Against US Dollar

The domestic currency opened flat against US dollar on Wednesday, after witnessing healthy recovery in previous session

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Rupee Opens Flat At 75.67 Against US Dollar

The domestic currency opened flat against US dollar on Wednesday, after witnessing healthy recovery in previous session

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Sensex Flat In Early Trading, Nifty Hovers at 9,000

On Tuesday, the Sensex had ended 63.29 points - or 0.21 per cent - lower at 30,609.30, and the Nifty settled at 9,029.05, down 10.20 points - or 0.11 per cent - compared to its previous close.

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Virus Lockdown Put India's Animal Spirits To Sleep In April, Signals Data

Asia's third-largest economy had a dismal start to the new fiscal year from April 1, after what's been an already disappointing beginning to the calendar year.

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Sensex Flat In Early Trading, Nifty Hovers at 9,000

On Tuesday, the Sensex had ended 63.29 points - or 0.21 per cent - lower at 30,609.30, and the Nifty settled at 9,029.05, down 10.20 points - or 0.11 per cent - compared to its previous close.

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Virus Lockdown Put India's Animal Spirits To Sleep In April, Signals Data

Asia's third-largest economy had a dismal start to the new fiscal year from April 1, after what's been an already disappointing beginning to the calendar year.

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Reliance's $7 Billion Rights First To Test New Trading Platform In India

Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.

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Reliance's $7 Billion Rights First To Test New Trading Platform In India

Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing to the share sale.

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Sensex, Nifty Likely To Open Flat

At 8:04 am, the SGX Nifty futures were down 13.50 points - or 0.15 per cent - at 9,034.50, ahead of the opening of Indian markets.

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Sensex, Nifty Nifty Likely To Open Flat

At 8:04 am, the SGX Nifty futures were down 13.50 points - or 0.15 per cent - at 9,034.50, ahead of the opening of Indian markets.

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Gold Prices Edge Lower As Global Equities Rise On Economic Recovery Hopes

Gold is often used as a safe store of value during times of political and financial uncertainty.

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Sensex Closes 63 Points Lower As Markets Extend Losses To Second Day

The Sensex ended 63.29 points - or 0.21 per cent - lower at 30,609.30 and the Nifty settled at 9,029.05, down 10.20 points (0.11 per cent) from its previous close.

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Sensex Closes 63 Points Lower As Markets Extend Losses To Second Day

The Sensex ended 63.29 points - or 0.21 per cent - lower at 30,609.30 and the Nifty settled at 9,029.05, down 10.20 points (0.11 per cent) from its previous close.

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Rupee Gains By 29 Paise To End At 75.66 Against Dollar

On Friday, the rupee had settled at 75.95 against the US dollar.

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Rupee Gains By 29 Paise To End At 75.66 Against Dollar

On Friday, the rupee had settled at 75.95 against the US dollar.

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Sensex, Nifty Off Day's High; Metals, Banks Trade Firm, IT Stocks Weak

Domestic stock markets are firmly in the green mid way through the day, albeit off the highs touched in early trades, as markets resumed trading after the long weekend.

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Sensex, Nifty Off Day's High; Metals, Banks Trade Firm, IT Stocks Weak

Domestic stock markets are firmly in the green mid way through the day, albeit off the highs touched in early trades, as markets resumed trading after the long weekend.

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Monday, May 25, 2020

Latam Airlines Files For Bankruptcy In United States

Latin America's largest airline LATAM filed for bankruptcy in the USA on Tuesday, the company said in a statement, following a drastic slump in business caused by the coronavirus pandemic.

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Uber India Lays Off 600 People, A Quarter Of Its Workforce In The Country

The company said the impacted positions are in its driver and rider support operations as well as other functions.

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Latam Airlines Files For Bankruptcy In United States

Latin America's largest airline LATAM filed for bankruptcy in the USA on Tuesday, the company said in a statement, following a drastic slump in business caused by the coronavirus pandemic.

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Uber India Lays Off 600 People, A Quarter Of Its Workforce In The Country

The company said the impacted positions are in its driver and rider support operations as well as other functions.

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Bharti Airtel Sheds 5% As Promoters Look To Sell Stake

Bharti Airtel shares dived 5 per cent to Rs 561 on news that parent Bharti Telecom was looking at raising $1 billion by selling stake.

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HDFC Shares Jump Over 3% After March Quarter Earnings

HDFC on Monday reported a net profit of Rs 2,232.53 crore for the quarter ended March 31. That marked a decline of 21.98 per cent compared to the corresponding period a year ago.

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Bharti Airtel Sheds 5% As Promoters Look To Sell Stake

Bharti Airtel shares dived 5 per cent to Rs 561 on news that parent Bharti Telecom was looking at raising $1 billion by selling stake.

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HDFC Shares Jump Over 3% After March Quarter Earnings

HDFC on Monday reported a net profit of Rs 2,232.53 crore for the quarter ended March 31. That marked a decline of 21.98 per cent compared to the corresponding period a year ago.

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Debt-Hit Bharti Airtel's Parent Eyes $1 Billion From Stake Sale

Bharti raised $3 billion in January from the sale of shares and convertible bonds to help pay additional airwave and license fees after telecom operators lost a court case.

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Debt-Hit Bharti Airtel's Parent Eyes $1 Billion From Stake Sale

Bharti Airtel shares climbed to a record Rs 598.8 last week after it posted a 14 per cent increase in user revenue in the quarter through March.

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India First Quarter GDP Growth Likely To Be Weakest Since 2012: Poll

Asia's third-largest economy began slowing last year, but a countrywide lockdown implemented by Prime Minister Narendra Modi on March 25 halted economic activity completely.

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Sensex, Nifty Rise 1% As Financial, Consumer Goods Stocks Spike

At 8:04 am, the SGX Nifty futures were up 101.75 points - or 1.13 per cent - at 9,142.75.

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India First Quarter GDP Growth Likely To Be Weakest Since 2012: Poll

Asia's third-largest economy began slowing last year, but a countrywide lockdown implemented by Prime Minister Narendra Modi on March 25 halted economic activity completely.

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Sensex, Nifty Rise 1% As Financial, Consumer Goods Stocks Spike

At 8:04 am, the SGX Nifty futures were up 101.75 points - or 1.13 per cent - at 9,142.75.

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Sensex, Nifty Likely To Open Higher Tracking Global Markets

The Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - rose as much as 121.25 points to touch 9,162.25 ahead of the opening of...

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Sensex, Nifty Likely To Open Higher Tracking Global Markets

The Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - rose as much as 121.25 points to touch 9,162.25 ahead of the opening of...

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Lufthansa, German Government Agree On $9.8 Billion Rescue Package: Report

The carrier said last week it was in advanced talks on a deal that would involve the government taking two seats on its supervisory board.

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Lufthansa, German Government Agree On $9.8 Billion Rescue Package: Report

The carrier said last week it was in advanced talks on a deal that would involve the government taking two seats on its supervisory board.

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India's April Crude Processing Sees Biggest Drop Since At Least 2003

The lockdown cut India's fuel demand by 45.8 percent in April.

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HDFC March Quarter Profit Falls 22%, Board Announces Rs 21 Dividend

HDFC said its total revenue from operations for the fourth quarter of financial year 2019-20 stood at Rs 11,975.72 crore.

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India's April Crude Processing Sees Biggest Drop Since At Least 2003

The lockdown cut India's fuel demand by 45.8 percent in April.

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HDFC Profit Falls 22% To Rs 2,233 Crore In March Quarter

HDFC said its total revenue from operations for the fourth quarter of financial year 2019-20 stood at Rs 11,975.72 crore.

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Proof Against JPMorgan Chase In Case Against Amrapali, Supreme Court Told

The Enforcement Directorate said it had preliminary evidence that units of JPMorgan Chase & Co. were involved in crimes generating Rs 187 crore.

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Proof Against JPMorgan Chase In Case Against Amrapali, Supreme Court Told

Enforcement Directorate said it had preliminary evidence that units of JPMorgan Chase & Co. were involved in crimes generating Rs 187 crore.

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Sunday, May 24, 2020

Maruti Suzuki Resumes Production At Gujarat Plant

Maruti Suzuki, the country's largest vehicle maker, has restarted production at Gujarat plant as the country is the midst of 4th phase of lockdown.

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Maruti Suzuki Resumes Production At Gujarat Plant

Maruti Suzuki, the country's largest vehicle maker, has restarted production at Gujarat plant as the country is the midst of 4th phase of lockdown.

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ITC To Acquire Spice Maker Sunrise Foods

ITC said the agreement was finalised along with related processes during the lockdown, "reflecting the company's agility and resilience in dealing with the new normal".

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ITC To Acquire Spice Maker Sunrise Foods

ITC said the agreement was finalised along with related processes during the lockdown, "reflecting the company's agility and resilience in dealing with the new normal".

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Stock, Forex, Commodity, Currency Markets Shut For Ramzan

The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).

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Stock, Forex, Commodity, Currency Markets Shut For Ramzan

The domestic financial markets - including equity, debt and currency segments - are shut on Monday, May 25 for Id-Ul-Fitr (Ramzan).

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Reliance Launches JioMart Online Grocery Service, Challenging Amazon, Flipkart

JioMart will deliver groceries in more than 200 towns across the country

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Reliance Launches JioMart Online Grocery Service, Challenging Amazon, Flipkart

JioMart will deliver groceries in more than 200 towns across the country

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Finance Ministry Not Planning To Impose Calamity Cess On GST: Report

Finance Ministry sources said that a calamity cess might have a counter-productive effect on sales, which are already low

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Saturday, May 23, 2020

Finance Ministry Not Planning To Impose Calamity Cess On GST: Report

Finance Ministry sources said that a calamity cess might have a counter-productive effect on sales, which are already low

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Franklin India Hit By Default On Essel Group Papers Worth Rs 616 Crore

The maturity value of the NCDs, including redemption premium, was Rs 616 crore but it is only valued at a market value of Rs 92 crore.

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Franklin Templeton Hit By Default On Essel Group Papers

The maturity value of the NCDs, including redemption premium, was Rs 616 crore but it is only valued at a market value of Rs 92 crore.

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COVID-19 Pushes Car Rental Company Hertz Into Bankruptcy In US, Canada

Its main international operating regions, including Europe, Australia and New Zealand, were not included in the US Chapter 11 filing.

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Friday, May 22, 2020

COVID-19 Pushes Car Rental Company Hertz Into Bankruptcy In US, Canada

Its main international operating regions, including Europe, Australia and New Zealand, were not included in the US Chapter 11 filing.

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Nirmala Sitharaman Asks Public Sector Banks To Implement Economic Package

Since the Cabinet has already given approval to various schemes announced under the package, operational guidelines have been issued to banks.

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Nirmala Sitharaman Asks Public Sector Banks To Implement Economic Package

Since the Cabinet has already given approval to various schemes announced under the package, operational guidelines have been issued to banks.

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Fundraising Spree For Reliance's Jio Platforms Values It At $65 Billion

Reliance Industries has raised $10 billion in just a month through five stake sales in digital unit Jio Platforms, whose valuation has surged to $65 billion.

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Sensex Sheds Around 300 Points; Banking, Auto Stocks Trade Weak

The rate-sensitive auto and banking stocks were trading lower, post the rate cuts announced by the RBI Governor.

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Mukesh Ambani Raises Over $10 Billion Investment In Jio In A Month

New York-based KKR on Friday became the latest private equity firm to invest in Jio Platforms, the telecom and digital services holding company controlled by Mukesh Ambani's Reliance Industries.

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In Virus Crisis, Drug And Consumer Stocks Soar In India

The stockpiling of medicine in a country of 1.3 billion people and the rising focus on affordable health care globally will boost the shares of the nations pharmaceutical companies.

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RBI Cuts Rates To Lowest Since 2000 To Revive Shrinking GDP

High frequency data has showed that demand is virtually non-existent. The country's dominant services industries crashed last month, while car sales also collapsed.

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In Virus Crisis, Drug And Consumer Stocks Soar In India

The stockpiling of medicine in a country of 1.3 billion people and the rising focus on affordable health care globally will boost the shares of the nations pharmaceutical companies.

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RBI Cuts Rates To Lowest Since 2000 To Revive Shrinking GDP

High frequency data has showed that demand is virtually non-existent. The country's dominant services industries crashed last month, while car sales also collapsed.

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Thursday, May 21, 2020

GDP Growth To Be In Negative Territory In 2020-21: RBI Governor

The Reserve Bank of India (RBI) expects the country's GDP or gross domestic product to contract in the current financial year, Governor Shaktikanta Das said on Friday, as he announced a reduction in...

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GDP Growth To Be In Negative Territory In 2020-21: RBI Governor

The Gross Domestic Product (GDP) growth will be in the negative territory in 2020-21, Reserve Bank of India (RBI) Governor Shaktikanta Das said in his address to the media.

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GDP Growth In 2020-21 Expected To Remain In Negative: What RBI Said Today

Reserve Bank of India (RBI) Governor Shaktikanta Das announced a cut in the repo rate to 4 per cent from the existing 4.4 per cent

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RBI Governor's Top 5 Announcements Today

Reserve Bank of India (RBI) Governor Shaktikanta Das announced a cut in the repo rate to 4 per cent from the existing 4.4 per cent

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RBI Cuts Key Rate Further, Extends Relief To Borrowers Till August

RBI Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent,

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Loan EMIs May Come Down, RBI Further Cuts Key Rates Amid COVID-19 Crisis

RBI Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent,

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Aditya Birla Sun Life Mutual Fund Suspends Fresh Investments Into Two Debt Schemes

Aditya Birla Sun Life Mutual Fund has suspended fresh inflows into its two of its debt schemes i.e. Aditya Birla Sun Life Medium Term Plan (ABMTP) and Aditya Birla Sun Life Credit Risk Fund (ACRF)...

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Aditya Birla Sun Life Mutual Fund Suspends Fresh Investments Into Two Debt Schemes

Aditya Birla Sun Life Mutual Fund has suspended fresh inflows into its two of its debt schemes i.e. Aditya Birla Sun Life Medium Term Plan (ABMTP) and Aditya Birla Sun Life Credit Risk Fund (ACRF)...

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Sensex Falls Over 250 Points In Early Trade, Nifty Slips Below 9,050

On Thursday, the Sensex had ended 114 points or 0.37 per cent higher at 30,932.90 and Nifty 50 index had advanced 0.44 per cent or 40 points to close at 9,106.25.

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RBI Governor Shaktikanta Das To Address Media At 10 AM

This is the RBI chief's first address to the media after the government detailed the fiscal and monetary stimulus worth Rs 20.97 lakh crore to support the economy.

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Sensex Falls Over 250 Points In Early Trade, Nifty Slips Below 9,050

On Thursday, the Sensex had ended 114 points or 0.37 per cent higher at 30,932.90 and Nifty 50 index had advanced 0.44 per cent or 40 points to close at 9,106.25.

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RBI Governor Shaktikanta Das To Address Media At 10 AM

This is the RBI chief's first address to the media after the government detailed the fiscal and monetary stimulus worth Rs 20.97 lakh crore tosupport the economy.

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US Private Equity Firm KKR To Buy 2.32% Stake In Jio Platforms

Reliance Industries said on Friday that KKR, US private equity firm, will invest Rs 113.67 billion in to purchase a 2.3 per cent stake in Jio Platforms.

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Sensex, Nifty Likely To Open Lower

Asian markets traded lower on Friday morning as tensions between the US and China rose further. Shanghai composite was down 0.4 per cent while Nikkei 225 slipped 0.22 per cent.

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US Private Equity Firm KKR To Buy 2.32% Stake In Jio Platforms

Reliance Industries said on Friday that KKR, US private equity firm, will invest Rs 113.67 billion in to purchase a 2.3 per cent stake in Jio Platforms.

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Sensex, Nifty Likely To Open Lower

Asian markets traded lower on Friday morning as tensions between the US and China rose further. Shanghai composite was down 0.4 per cent while Nikkei 225 slipped 0.22 per cent.

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Here Are The Guidelines For Boarding Railways' Special Passenger Trains

The 200 special passenger trains will resume services on 1 June

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Sensex, Nifty Pare Gains To End Marginally Higher As Financials Decline

Strong buying interest in automobile, metal and consumer goods stocks pushed the markets higher.

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Sensex, Nifty Pare Gains To End Marginally Higher As Financials Decline

Strong buying interest in automobile, metal and consumer goods stocks pushed the markets higher.

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Aviation Ministry To Cap Air Fares As Flights Set To Resume From Monday

Aviation stocks also edged up higher in Thursday's trading

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Aviation Ministry To Cap Air Fares As Flights Set To Resume From Monday

Aviation stocks also edged up higher in Thursday's trading

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Indian Railways To Start 200 Trains From June 1. Here Is List Of Trains

The government has allowed resumption of train services from June 1 in a graded manner as part of relaxations being provided under the phase 4 of the lockdown to contain the spread of COVID-19...

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Indian Railways To Start 200 Trains From June 1. Here Is List Of Trains

The government allowed resumption of train services from June 1 in a graded manner as part of relaxations being provided under the phase 4 of the lockdown to contain the spread of COVID-19 pandemic.

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Rupee Gains By 18 Paise To End At 75.61 Against Dollar

The rupee moved in a range of 75.60-75.82 against the greenback during the four-hour session, having started the day at 75.68.

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Rupee Gains By 18 Paise To 75.61 Against Dollar

The rupee was last seen trading at 75.62 against the dollar in the second half of the session, stronger compared to its previous close of 75.79.

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Multiplex Stocks Edge Up As Industry Body Drafts New Safety Guidelines

Multiplex stocks have been edging higher for three straight sessions

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Multiplex Stocks Edge Up As Industry Body Drafts New Safety Guidelines

Multiplex stocks have been edging higher for three straight sessions

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Wednesday, May 20, 2020

InterGlobe, Spicejet Soar As Domestic Flights To Resume On May 25

The government, on Wednesday, announced that domestic airlines would resume operations on May 25 in a calibrated manner after a gap of more than two months.

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InterGlobe, Spicejet Soar As Domestic Flights To Resume On May 25

The government, on Wednesday, announced that domestic airlines would resume operations on May 25 in a calibrated manner after a gap of more than two months.

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Strides Pharma To Conduct Trials For Potential COVID-19 Drug

Bengaluru-based Strides Pharma Science has received approval from the Drug Controller General of India to conduct trials of favipiravir in the country.

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Strides Pharma To Conduct Trials For Potential COVID-19 Drug

Bengaluru-based Strides Pharma Science has received approval from the Drug Controller General of India to conduct trials of favipiravir in the country.

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Sensex Rises Over 150 Points, Nifty Touches 9,100 Tracking Global Markets

Reliance Industries' rights issue, trading as Reliance Industries Limited-Rights Entitlement on the NSE, moved as much as 5.89 per cent lower in early deals.

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Sensex Rises Over 150 Points, Nifty Touches 9,100 Tracking Global Markets

Reliance Industries' rights issue, trading as Reliance Industries Limited-Rights Entitlement on the NSE, moved as much as 5.89 per cent lower in early deals.

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Sensex, Nifty Likely To Open Lower Today

Last Friday, the S&P BSE Sensex index had ended 622.44 points - or 2.06 per cent - higher at 3 0,818.6 as the markets extended gains to a second straight day.

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Reliance Industries' Rights Issue Makes A Stellar Debut, Surges 40%

The share price for Reliance Industries-Rights Entitlement (RIL-RE) surged 39.6 per cent to settle at day's high of Rs 212 on National Stock Exchange.

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Sensex, Nifty Likely To Open Lower Today

Last Friday, the S&P BSE Sensex index had ended 622.44 points - or 2.06 per cent - higher at 3 0,818.6 as the markets extended gains to a second straight day.

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Reliance Industries' Rights Issue Makes A Stellar Debut, Surges 40%

The share price for Reliance Industries-Rights Entitlement (RIL-RE) surged 39.6 per cent to settle at day's high of Rs 212 on National Stock Exchange.

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PM Vaya Vandana Scheme For Senior Citizens Extended, Interest Rate Cut

The government allowed "initially an assured rate of return of 7.40 per cent per annum for the year 2020-21 per annum and thereafter to be reset every year", according to an official release.

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PM Vaya Vandana Scheme For Senior Citizens Extended, Interest Rate Cut

The government allowed "initially an assured rate of return of 7.40 per cent per annum for the year 2020-21 per annum and thereafter to be reset every year", according to an official release.

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Sensex Ends Over 600 Points Higher Led By Gains In Banking, Pharms Shares

Strong buying interest in banking, financial services and pharmaceutical shares helped the markets extend gains to a second straight session.

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India's Real Estate Sector To Take Rs 76 Lakh-Crore Hit In 2020-21: KPMG

Sale in the residential sector will come down from 4 lakh units in 2019-20 to 2.8 lakh to 3 lakh units in 2020-21 across top 7 cities, according to the KPMG report.

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Real Estate Sector To Face Losses Of Rs 76 Lakh Crore This Year: Report

Sale in the residential sector will come down from 4 lakh units in 2019-20 to 2.8 lakh to 3 lakh units in 2020-21 across top 7 cities, the report said

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"Our Revenue Has Come Down 95% Over Past 2 Months": Ola CEO To Employees

Ride-hailing service provider Ola on Wednesday announced that it will lay off 1,400 of its staff amid COVID-19 pandemic.

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"Our Revenue Has Come Down 95% Over Past 2 Months": Ola CEO To Employees

Ride-hailing service provider Ola on Wednesday announced that it will lay off 1,400 of its staff amid COVID-19 pandemic.

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Ola To Lay Off 1,400 Staff, CEO Says Pandemic "Hit Revenues"

In a note to the company's employees, CEO Bhavish Aggarwal said the coronavirus pandemic hit Ola's revenues.

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Gold Futures Climb To Rs 47,350 Per 10 Grams Mark

Today's Gold Rate: At 12:56 pm, the gold futures contract (delivery on June 5) was up 0.64 per cent (by Rs 299 per 10 grams) at Rs 47,349 per 10 grams.

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Ola To Lay Off 1,400 Staff, CEO Says Pandemic "Hit Revenues"

In a note to the company's employees, CEO Bhavish Aggarwal said the coronavirus pandemic hit Ola's revenues.

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Gold Futures Climb To Rs 47,350 Per 10 Grams Mark

Today's Gold Rate: At 12:56 pm, the gold futures contract (delivery on June 5) was up 0.64 per cent (by Rs 299 per 10 grams) at Rs 47,349 per 10 grams.

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Rupee Moves Marginally Lower Against Dollar Tracking Asian Currencies

Gains in domestic equity markets however provided some support to the rupee, keeping the downside in check, say analysts.

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Rupee Moves Marginally Lower Against Dollar Tracking Asian Currencies

Gains in domestic equity markets however provided some support to the rupee, keeping the downside in check, say analysts.

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Rolls-Royce To Cut 9,000 Jobs As Air Travel Slumps Amid COVID-19 Pandemic

Rolls-Royce's headquarters are in Derby, England and about two-thirds of its civil aerospace jobs are based in the UK.

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Rolls-Royce To Cut 9,000 Jobs As Air Travel Slumps Amid COVID-19 Pandemic

Rolls-Royce's headquarters are in Derby, England and about two-thirds of its civil aerospace jobs are based in the UK.

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Tuesday, May 19, 2020

Worst Seems Over for India's Formal Job Market, Staffing Firm Says

India's unemployment rate has probably peaked with large companies looking to restart hiring as the economy gradually exits the world's biggest lockdown, says the head of a top staffing firm.

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Worst Seems Over for India's Formal Job Market, Staffing Firm Says

India's unemployment rate has probably peaked with large companies looking to restart hiring as the economy gradually exits the world's biggest lockdown, says the head of a top staffing firm.

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Threat Of Rating Downgrade May Have Held Back Bigger Stimulus: Analysts

Many worked out that the actual fiscal cost amounts to just about 1 per cent of GDP, sending stocks and the rupee down in the immediate aftermath.

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Threat Of Rating Downgrade May Have Held Back Bigger Stimulus: Analysts

Many worked out that the actual fiscal cost amounts to just about 1 per cent of GDP, sending stocks and the rupee down in the immediate aftermath.

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Sensex Rises Over 300 Points; Financial, Consumer Goods Stocks Lead Gains

On Tuesday, the S&P BSE Sensex index ended 167.19 points - or 0.56 per cent - higher at 30,196.17 and the broader NSE Nifty benchmark settled at 8,879.10, up 55.85 points - or 0.63 per cent - from the...

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Sensex Rises Over 300 Points; Financial, Consumer Goods Stocks Lead Gains

On Tuesday, the S&P BSE Sensex index ended 167.19 points - or 0.56 per cent - higher at 30,196.17 and the broader NSE Nifty benchmark settled at 8,879.10, up 55.85 points - or 0.63 per cent - from the...

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Sensex, Nifty Set To Open Higher

On Tuesday, the S&P BSE Sensex index ended 167.19 points - or 0.56 per cent - higher at 30,196.17 and the broader NSE Nifty benchmark settled at 8,879.10, up 55.85 points - or 0.63 per cent - from the...

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Sensex, Nifty Set To Open Higher

On Tuesday, the S&P BSE Sensex index ended 167.19 points - or 0.56 per cent - higher at 30,196.17 and the broader NSE Nifty benchmark settled at 8,879.10, up 55.85 points - or 0.63 per cent - from the...

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Impetus To Realty Demand, But More Needs To Be Done: Property Consultants

The government's "Atma Nirbhar Bharat" package to battle the economic fallout from the coronavirus pandemic gave real estate developers few reasons to cheer.

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Impetus To Realty Demand, But More Needs To Be Done: Property Consultants

The government's "Atma Nirbhar Bharat" package to battle the economic fallout from the coronavirus pandemic gave real estate developers few reasons to cheer.

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Sensex, Nifty Trim Gains; Autos Witness Buying, Bank Stocks Weak

The top percentage gainers on the Nifty were Bharti Airtel, ONGC, Adani Ports, Bharti Infratel and Grasim, trading between 3.57 per cent and 9 per cent higher.

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WeWork India Lays Off 20% Of Workforce

In October last year, WeWork India's chief shareholder, Jitu Virwani, had said the company would be profitable by end of 2020.

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Gold Futures Trim Gains After Touching Rs 46,900 Mark

Current Gold Rate: At 1:55 pm, the gold futures contract (delivery on June 5) was barely up at Rs 46,660 per 10 grams.

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Sensex, Nifty Trim Gains; Autos Witness Buying, Bank Stocks Weak

The top percentage gainers on the Nifty were Bharti Airtel, ONGC, Adani Ports, Bharti Infratel and Grasim, trading between 3.57 per cent and 9 per cent higher.

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WeWork India Lays Off 20% Of Workforce

In October last year, WeWork India's chief shareholder, Jitu Virwani, had said the company would be profitable by end of 2020.

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Rupee Gains By 30 Paise To Touch 75.61 Mark Against Dollar

Sharp gains in domestic equity markets and weakness in the dollar overseas supported the rupee, according to analysts.

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Rupee Gains By 30 Paise To Touch 75.61 Mark Against Dollar

Sharp gains in domestic equity markets and weakness in the dollar overseas supported the rupee, according to analysts.

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Government Implements Cut In PF Contribution To 10% For 3 Months

The move is aimed at increasing the employees' take-home salary for the months of June, July and August

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Government Implements Cut In PF Contribution To 10% For 3 Months

The move is aimed at increasing the employees' take-home salary for the months of June, July and August

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Monday, May 18, 2020

Uber To Lay Off 3,000 Workers In Second Job Cut This Month

Uber Technologies Inc said on Monday that it would cut an additional 3,000 jobs as coronavirus-led restrictions sap demand for ride-hailing services.

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Bharti Airtel Shares Rise 10% To Record High - Here's Why

Bharti Airtel's average revenue per user, a key metric for the telecom sector, rose 25 per cent to Rs 154 at its mobile services business in the country during the quarter ended March 31.

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Uber To Lay Off 3,000 Workers In Second Job Cut This Month

Uber Technologies Inc said on Monday that it would cut an additional 3,000 jobs as coronavirus-led restrictions sap demand for ride-hailing services.

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Bharti Airtel Shares Rise 10% To Record High - Here's Why

Bharti Airtel's average revenue per user, a key metric for the telecom sector, rose 25 per cent to Rs 154 at its mobile services business in the country during the quarter ended March 31.

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Bharti Airtel Shares Spike Over 8% As March Quarter Revenue Jumps

At 9:53 am, Bharti Airtel shares traded 7.89 per cent higher at Rs 580.60 on the BSE, outperforming the benchmark S&P BSE Sensex index which was up 1.73 per cent.

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Bharti Airtel Shares Spike Over 8% As March Quarter Revenue Jumps

At 9:53 am, Bharti Airtel shares traded 7.89 per cent higher at Rs 580.60 on the BSE, outperforming the benchmark S&P BSE Sensex index which was up 1.73 per cent.

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Fuel Sales Up By Over 70% From April to May, Sign That Worst May Be Over

Trucks returned to the roads and motorists jumped in their cars to drive to work following the easing of some lockdown restrictions.

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Fuel Sales Up By Over 70% From April to May, Sign That Worst May Be Over

Trucks returned to the roads and motorists jumped in their cars to drive to work following the easing of some lockdown restrictions.

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Sensex Opens Over 400 Points Higher Tracking Global Markets

At 8:09 am, the SGX Nifty futures were up 154.55 points - or 1.75 per cent - at 8,982.00.

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Sensex Opens Over 400 Points Higher Tracking Global Markets

At 8:09 am, the SGX Nifty futures were up 154.55 points - or 1.75 per cent - at 8,982.00.

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Sensex, Nifty Likely To Open Higher Today

At 8:09 am, the SGX Nifty futures were up 154.55 points - or 1.75 per cent - at 8,982.00.

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Sensex, Nifty Likely To Open Higher Today

At 8:09 am, the SGX Nifty futures were up 154.55 points - or 1.75 per cent - at 8,982.00.

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Bharti Airtel Reports Fourth-Quarter Loss Of Rs 52.37 Billion

The company, India's third-largest telecom operator by subscribers, posted a loss of Rs 52.37 billion for the three months ended March 31, compared with a profit of Rs 1.07 billion a year earlier.

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Bharti Airtel Reports Fourth-Quarter Loss Of Rs 52.37 Billion

The company, India's third-largest telecom operator by subscribers, posted a loss of Rs 52.37 billion for the three months ended March 31, compared with a profit of Rs 1.07 billion a year earlier.

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"Covid Hit Us With Huge Blow Of Uncertainty": Swiggy CEO To Employees

Food delivery company Swiggy said on Monday that it will lay off 1,100 employees over the next few days.

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Swiggy To Lay Off 1,100 Employees Amid Coronavirus Crisis

The layoffs at Swiggy come as the country entered the fourth phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic.

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Swiggy To Lay Off 1,100 Employees Amid Coronavirus Crisis

The layoffs at Swiggy come as the country entered the fourth phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic.

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Sunday, May 17, 2020

SoftBank 2019-20 Operating Loss At Record $13 Billion As Tech Bets Hurt

The heavily indebted SoftBank has leveraged its bets to supply further funds to its investing juggernaut - a strategy that is coming under growing strain as valuations tumble.

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SoftBank 2019-20 Operating Loss At Record $13 Billion As Tech Bets Hurt

The heavily indebted SoftBank has leveraged its bets to supply further funds to its investing juggernaut - a strategy that is coming under growing strain as valuations tumble.

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Coal India Falls 5% After Government Opens Up Dry Fuel Mining Sector

The Finance Minister Nirmala Sitharaman on Saturday announced commercialisation of coal and an end to the governmental monopoly in the coal sector.

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Coal India Falls 5% After Government Opens Up Dry Fuel Mining Sector

The Finance Minister Nirmala Sitharaman on Saturday announced commercialisation of coal and an end to the governmental monopoly in the coal sector.

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Maruti Suzuki Resumes Production At Gurgaon Plant; Stock Falls 4%

The country entered the 4th phase of the lockdown, albeit with less restrictions, to curb the spread of Covid-19.

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Maruti Suzuki Resumes Production At Gurgaon Plant; Stock Falls 4%

The country entered the 4th phase of the lockdown, albeit with less restrictions, to curb the spread of Covid-19.

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Sensex, Nifty Plunge Over 2%

Domestic stock markets started Monday's session on a choppy note as the country entered the fourth phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic and the...

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Alibaba Co-Founder Jack Ma Resigns From SoftBank Board

The departure of Jack Ma comes as he pulls back from formal business roles to focus on philanthropy.

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Virus Lockdown Mints More Than A Million New Stock Traders In India

Finance Minister Nirmala Sitharaman offered $72 billion in credit lines to small businesses and power distributors on Wednesday, as part of a package totaling $265 billion to restart the economy...

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Sensex, Nifty Plunge Over 2%

Domestic stock markets started Monday's session on a choppy note as the country entered the fourth phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic and the...

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Alibaba Co-Founder Jack Ma Resigns From SoftBank Board

The departure of Jack Ma comes as he pulls back from formal business roles to focus on philanthropy.

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Virus Lockdown Mints More Than A Million New Stock Traders In India

Finance Minister Nirmala Sitharaman offered $72 billion in credit lines to small businesses and power distributors on Wednesday, as part of a package totaling $265 billion to restart the economy...

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Reliance Industries Gains Over 1% On General Atlantic-Jio Platforms Deal

The deal, announced on Sunday evening, marks Jio Platforms' fourth major deal with a US-based technology investor within a month

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Sensex Falls Over 200 Points, Nifty Slips Below 9,100 Amid Choppy Trade

Domestic stock markets started Monday's session on a choppy note as the country entered the fourth phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic and the...

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Reliance Industries Gains Over 1% On General Atlantic-Jio Platforms Deal

The deal, announced on Sunday evening, marks Jio Platforms' fourth major deal with a US-based technology investor within a month

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Sensex Falls Over 200 Points, Nifty Slips Below 9,100 Amid Choppy Trade

Domestic stock markets started Monday's session on a choppy note as the country entered the fourth phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic and the...

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"Delighted," Says Mukesh Ambani's Son Akash On General Atlantic Deal

Billionaire Mukesh Ambani extended his fund-raising streak for Jio Platforms Ltd. by selling an $873 million stake to General Atlantic, an early investor in Airbnb Inc. and Uber Technologies Inc.

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"Delighted," Says Mukesh Ambani's Son Akash On General Atlantic Deal

Billionaire Mukesh Ambani extended his fund-raising streak for Jio Platforms Ltd. by selling an $873 million stake to General Atlantic, an early investor in Airbnb Inc. and Uber Technologies Inc.

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Sensex, Nifty Likely To Open Lower Today

Last Friday, the S&P BSE Sensex index had ended 25.16 points - or 0.08 per cent - lower at 31,097.73 and the broader NSE Nifty 50 benchmark at 9,136.85.

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Sensex, Nifty Likely To Open Lower Today

Last Friday, the S&P BSE Sensex index had ended 25.16 points - or 0.08 per cent - lower at 31,097.73 and the broader NSE Nifty 50 benchmark at 9,136.85.

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Reliance Industries In Rs 6,598-Crore General Atlantic Deal

Mukesh Ambani launched the Jio telecoms venture in late 2016, driving several rivals out of the market and pushing others to consolidate.

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Government To Privatise State-Run Firms, Suspend New Insolvencies

The government has been trying to divest parts of state-run companies in sectors ranging from aviation to power to fill its coffers, but it has confronted weak investor sentiment and limited demand.

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Reliance Industries In Rs 6,598-Crore General Atlantic Deal

Mukesh Ambani launched the Jio telecoms venture in late 2016, driving several rivals out of the market and pushing others to consolidate.

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Government To Privatise State-Run Firms, Suspend New Insolvencies

The government has been trying to divest parts of state-run companies in sectors ranging from aviation to power to fill its coffers, but it has confronted weak investor sentiment and limited demand.

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US-Based Global Atlantic To Invest Rs 6,598 Crore In Reliance Jio

This is the fourth investment, in less than a month, that Jio Platforms has attracted

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US-Based Global Atlantic To Invest Rs 6,598 Crore In Reliance Jio

This is the fourth investment, in less than a month, that Jio Platforms has attracted

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All Sectors To Be Open To Private Players, Announces Nirmala Sitharaman

A list of strategic sectors will be drafted, where a maximum of only four public sector enterprises will remain

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All Sectors To Be Open To Private Players, Announces Nirmala Sitharaman

A list of strategic sectors will be drafted, where a maximum of only four public sector enterprises will remain

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Insolvency Proceedings To Be Suspended Up To A Year

Minimum threshold for initiating IBC proceedings against MSMEs has also been extended

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Insolvency Proceedings To Be Suspended Up To A Year

Minimum threshold for initiating IBC proceedings against MSMEs has also been extended

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COVID-19 Economic Package Worth Rs 20,97,053 Crore. See Breakup Here

Finance Minister Nirmala Sitharaman detailed the breakup of the Rs 20.97 lakh crore economic package

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COVID-19 Economic Package Worth Rs 20,97,053 Crore. See Breakup Here

Finance Minister Nirmala Sitharaman detailed the breakup of the Rs 20.97 lakh crore economic package

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Saturday, May 16, 2020

Government Allocates Additional Rs 40,000 Crore Under MNREGA

The allocation is made over and above the budgetary estimate of Rs 61,000 crore for the current financial year

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Government Allocates Additional Rs 40,000 Crore Under MNREGA

The allocation is made over and above the budgetary estimate of Rs 61,000 crore for the current financial year

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Nirmala Sitharaman Announces Fifth Set Of Economic Measures: Highlights

"Atma Nirbhar Bharat" Economic Package: Finance Minister Nirmala Sitharaman announces fifth tranche of measures

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Nirmala Sitharaman Announces Fifth Set Of Economic Measures: Highlights

"Atma Nirbhar Bharat" Economic Package: Finance Minister Nirmala Sitharaman announces fifth tranche of measures

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Nirmala Sitharaman's 4th Set Of "Atma Nirbhar Bharat" Measures: 10 Points

Finance Minister Nirmala Sitharaman on Saturday announced structural reforms for eight sectors, including introduction of commercial mining in coal and easier foreign investment norms for defence...

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Nirmala Sitharaman's 4th Set Of "Atma Nirbhar Bharat" Measures: 10 Points

Finance Minister Nirmala Sitharaman on Saturday announced structural reforms for eight sectors, including introduction of commercial mining in coal and easier foreign investment norms for defence...

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Commercial Mining To Be Allowed In Coal Sector: Nirmala Sitharaman

A total of 500 mining blocks will be offered through an open and transparent auction process, with nearly 50 blocks to be offered immediately.

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Commercial Mining To Be Allowed In Coal Sector: Nirmala Sitharaman

A total of 500 mining blocks will be offered through an open and transparent auction process, with nearly 50 blocks to be offered immediately.

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Nirmala Sitharaman Addresses Media On Measures To Battle COVID-19

Finance Minister Nirmala Sitharaman on Friday announced a Rs 1 lakh-crore fund for strengthening farm gate infrastructure to support farmers.

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Nirmala Sitharaman Addresses Media On Measures To Battle COVID-19

Finance Minister Nirmala Sitharaman on Friday announced a Rs 1 lakh-crore fund for strengthening farm gate infrastructure to support farmers.

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Industry Body Seeks Package For Exporters Amid Falling Trade

The country's exports contracted by a record 60.28 per cent to $10.36 billion in April amid the coronavirus-triggered lockdown, according to official data.

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Industry Body Seeks Package For Exporters Amid Falling Trade

The country's exports contracted by a record 60.28 per cent to $10.36 billion in April amid the coronavirus-triggered lockdown, according to official data.

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Latest On The Spread Of The Coronavirus Around The World

The euro zone economy saw its deepest contraction on record in the first quarter, as expected by markets, as a result of lockdowns introduced in March.

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Latest On The Spread Of The Coronavirus Around The World

The euro zone economy saw its deepest contraction on record in the first quarter, as expected by markets, as a result of lockdowns introduced in March.

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Banks Adopting Different Procedures To Release Pensions, Says Government

There are 65.26 lakh central government pensioners.

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Banks Adopting Different Procedures To Release Pensions, Says Government

There are 65.26 lakh central government pensioners.

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Friday, May 15, 2020

Government Projects Fourth Consecutive Year Of Record Food Grain Output

Total food grains production includes crops grown during both kharif (summer) and rabi (winter) seasons.

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Nirmala Sitharaman Announces Rs 1 lakh Crore Boost For Agriculture Infra

Focus on short-term crop loan will go hand-in-hand with building of long-term agriculture infrastructure, the Finance Minister said.

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Nirmala Sitharaman Announces Rs 1 lakh Crore Boost For Agriculture Infra

Focus on short-term crop loan will go hand-in-hand with building of long-term agriculture infrastructure, the Finance Minister said.

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Goldman Pushes Ahead With 1,460 India Hires, Internships

US and European banks have postponed decisions about staff cuts for now, saying they are unsure how long coronavirus outbreak will hurt the economy.

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Nirmala Sitharaman On Third Set Of Measures To Battle COVID-19

Economists say more clarity on the funding of any new measures announced by the government will be watched closely.

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Goldman Pushes Ahead With 1,460 India Hires, Internships

US and European banks have postponed decisions about staff cuts for now, saying they are unsure how long coronavirus outbreak will hurt the economy.

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Nirmala Sitharaman On Third Set Of Measures To Battle COVID-19

Economists say more clarity on the funding of any new measures announced by the government will be watched closely.

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Sensex Recovers Nearly 400 Points From Day's Low Led By Gains In Metals

Vedanta was top gainer in the Nifty 50 basket of shares, the stock rose 6 per cent to Rs 95.

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Sensex Recovers Nearly 400 Points From Day's Low Led By Gains In Metals

Vedanta was top gainer in the Nifty 50 basket of shares, the stock rose 6 per cent to Rs 95.

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Zomato Announces Temporary Pay Cuts For Employees

He said that starting June, a proposal was made for pay cuts applicable to the entire organisation.

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Zomato Announces Temporary Pay Cuts For Employees

He said that starting June, a proposal was made for pay cuts applicable to the entire organisation.

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Are Shadow Banks Eligible For Loan Moratorium? Top Court Asks Centre, RBI

Real estate developers' apex body CREDAI, in an April plea, had argued that the RBI's circular on the moratorium is an "eyewash."

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Are Shadow Banks Eligible For Loan Moratorium? Top Court Asks Centre, RBI

Real estate developers' apex body CREDAI, in an April plea, had argued that the RBI's circular on the moratorium is an "eyewash."

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Banks Refusing To Lend In India Prompt $62 Billion Rescue Deal

A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the lockdown.

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Banks Refusing To Lend In India Prompt $62 Billion Rescue Deal

A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the lockdown.

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Thursday, May 14, 2020

Fertiliser Stocks Witness Selling Pressure In A Weak Market

Finance Minister Nirmala Sitharaman, on Thursday evening, had announced additional liquidity worth Rs 30,000 crore to farm sectorlender, NABARD.

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Fertiliser Stocks Witness Selling Pressure In A Weak Market

Finance Minister Nirmala Sitharaman, on Thursday evening, had announced additional liquidity worth Rs 30,000 crore to farm sectorlender, NABARD.

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Additional Rs 30,000 Crore Allocation For NABARD Amid Coronavirus Crisis

Government-owned farm sector lender NABARD will immediately get the working capital for the farmers' needs towards the current kharif crop (May/June) and the post-harvest rabi season.

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Additional Rs 30,000 Crore Allocation For NABARD Amid Coronavirus Crisis

Government-owned farm sector lender NABARD will immediately get the working capital for the farmers' needs towards the current kharif crop (May/June) and the post-harvest rabi season.

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Sensex Falls Over 200 Points As Banking, Auto Stocks Drag Markets

Analysts say more details of the economic package will be watched closely for cues.

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Sensex, Nifty Open On A Positive Note

Analysts say more details of the economic package will be watched closely for cues.

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Sensex Nifty Likely To Open Higher Tracking Global Markets

Trends on SGX Nifty indicate a positive opening for the index in India with a 54 points gain.

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Sensex Nifty Likely To Open Higher Tracking Global Markets

Trends on SGX Nifty indicate a positive opening for the index in India with a 54 points gain.

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New Tax Rules - Who They Help And How: Big Points Made By Experts

The first tranche was focused on small businesses while little relief was provided to the salaried taxpayer, say tax experts.

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China Unicorn Creation Falls To Six-Year Low As Investors Play It Safe

Only 4 Chinese startups have reached unicorn status - valued at $1 billion or above - as of May 13, the lowest number for the same period since 2014.

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Wholesale Food Inflation Eases To 3.60% In April

Price changes in all commodities forming the WPI could not be computed "due to non-availability of manufactured product group index", the government said.

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Government Enterprises Stocks Under Pressure

Finance Minister Nirmala Sitharaman had stated that state-run firms will continue to pay 12 per cent as PF contribution for employers and employees.

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China Unicorn Creation Falls To Six-Year Low As Investors Play It Safe

Only 4 Chinese startups have reached unicorn status - valued at $1 billion or above - as of May 13, the lowest number for the same period since 2014.

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Wholesale Food Inflation Eases To 3.60% In April

Price changes in all commodities forming the WPI could not be computed "due to non-availability of manufactured product group index", the government said.

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Government Enterprises Stocks Under Pressure

Finance Minister Nirmala Sitharaman had stated that state-run firms will continue to pay 12 per cent as PF contribution for employers and employees.

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India Investment Policy Changes Plans For Big Chinese Firms Like Oppo

Companies like Xiaomi and Oppo are looking to expand their businesses into India's financial services market

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India Investment Policy Changes Plans For Big Chinese Firms Like Oppo

Companies like Xiaomi and Oppo are looking to expand their businesses into India's financial services market

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Wednesday, May 13, 2020

Sensex, Nifty Remain Under Pressure; Metal, Financial Stocks Drag

All the Nifty sectoral indices traded in the red, with the exception of FMCG and pharma indices.

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Sensex, Nifty Remain Under Pressure; Metal, Financial Stocks Drag

All the Nifty sectoral indices traded in the red, with the exception of FMCG and pharma indices.

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Reliance Industries Drops Over 1% As Shares Trade Ex-Rights

On April 30, billionaire Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries had announced fundraising of Rs 53,125 crore through a 1:15 rights issue.

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Rupee Edges Lower To 75.59 Against Dollar

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 100.30.

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Reliance Industries Drops Over 1% As Shares Trade Ex-Rights

On April 30, billionaire Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries had announced fundraising of Rs 53,125 crore through a 1:15 rights issue.

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Rupee Edges Lower To 75.59 Against Dollar

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 100.30.

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Gold Futures Rise, Touch Rs 46,150 Per 10 Grams Mark

Gold Rate Today: At 10:18 am, the gold futures contract (delivery on June 5) traded stronger by Rs 142 - or 0.31 per cent - at Rs 46,123 per 10 grams.

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Gold Futures Rise, Touch Rs 46,150 Per 10 Grams Mark

Gold Rate Today: At 10:18 am, the gold futures contract (delivery on June 5) traded stronger by Rs 142 - or 0.31 per cent - at Rs 46,123 per 10 grams.

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Gold Rate Moved Higher After US Central Bank Signals More Stimulus

Gold prices rose as much as 0.9 per cent but pared gains after the US central bank chief rejected the idea of using negative interest rates as a stimulative tool.

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Gold Rate Moved Higher After US Central Bank Signals More Stimulus

Gold prices rose as much as 0.9 per cent but pared gains after the US central bank chief rejected the idea of using negative interest rates as a stimulative tool.

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Sensex, Nifty Open Lower

Analysts awaited more details of the Atma Nirbhar Bharat package for cues.

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Sensex, Nifty Open Lower

Analysts awaited more details of the Atma Nirbhar Bharat package for cues.

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Sensex, Nifty Likely To Open Lower Tracking Global Markets

At 8:18 am, the SGX Nifty futures were down 135.25 points - or 1.44 per cent - at 9,255.75.

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Sensex, Nifty Likely To Open Lower Tracking Global Markets

At 8:18 am, the SGX Nifty futures were down 135.25 points - or 1.44 per cent - at 9,255.75.

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Government Offers Soft Loans, Tax Concessions To Rescue Economy

The broader spending plan includes measures already unveiled by the government and also by the central bank such as provision for cheap cash to banks and the reduction in its cash reserve ratio.

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Government Announces PF Benefits, Take Home Salaries To Increase

Deduction towards PF from both the employer and employee has been reduced from 12% to 10% for three months.

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EPF contribution to be reduced for businesses, workers for 3 months to 10%

EPF contribution to be reduced for businesses, workers for 3 months to 10% from 12%, stays at 12% for state-run firms

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Government Changes MSME Definition, Revises Investment Limit Upwards

A company with investment of up to Rs 1 crore and turnover of Rs 5 crore will now be a micro company, Finance Minister said.

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45 Lakh MSMEs To Benefit Via Rs 3 Lakh Crore Loans, Says Finance Minister

Finance Minister Nirmala Sitharaman announced collateral-free loans worth Rs 3 lakh crore for MSMEs with turnover up to Rs 100 crore till October 31, 2020,

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Government Announces PF Benefits, Take Home Salaries To Increase

Deduction towards PF from both the employer and employee has been reduced from 12% to 10% for three months.

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EPF contribution to be reduced for businesses, workers for 3 months to 10%

EPF contribution to be reduced for businesses, workers for 3 months to 10% from 12%, stays at 12% for state-run firms

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Government Changes MSME Definition, Revises Investment Limit Upwards

A company with investment of up to Rs 1 crore and turnover of Rs 5 crore will now be a micro company, Finance Minister said.

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45 Lakh MSMEs To Benefit Via Rs 3 Lakh Crore Loans, Says Finance Minister

Finance Minister Nirmala Sitharaman announced collateral-free loans worth Rs 3 lakh crore for MSMEs with turnover up to Rs 100 crore till October 31, 2020,

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Highlights: Nirmala Sitharaman Shares Details Of Economic Package

The coronavirus-triggered lockdown has pushed an already-ailing economy into a standstill, hampering businesses and landing thousands jobless.

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Maruti Suzuki Reports 28% Decline In Fourth Quarter Profit

The company's net profit fell to Rs 1,292 crore for the three months ended March 31, compared with Rs 1,796 crore a year earlier

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Highlights: Nirmala Sitharaman Shares Details Of Economic Package

The coronavirus-triggered lockdown has pushed an already-ailing economy into a standstill, hampering businesses and landing thousands jobless.

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Maruti Suzuki Reports 28% Decline In Fourth Quarter Profit

The company's net profit fell to Rs 1,292 crore for the three months ended March 31, compared with Rs 1,796 crore a year earlier

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Sensex Up 2% As Markets Trim Gains; All Eyes On Economic Package Details

Domestic stock markets traded more than 2 per cent higher on Wednesday afternoon, having given up more than half of early intraday gains, hours ahead of Finance Minister Nirmala Sitharaman's address...

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Sensex Up 2% As Markets Trim Gains; All Eyes On Economic Package Details

Domestic stock markets traded more than 2 per cent higher on Wednesday afternoon, having given up more than half of early intraday gains, hours ahead of Finance Minister Nirmala Sitharaman's address...

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Bond Yields Spike Briefly On PM's Announcement Of Economic Package

The benchmark 10-year bond yield opened 12 bps higher at 6.28 percentbut retreated quickly to trade flat on the day by 10:15 am

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Bond Yields Spike Briefly On PM's Announcement Of Economic Package

The benchmark 10-year bond yield opened 12 bps higher at 6.28 percentbut retreated quickly to trade flat on the day by 10:15 am

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Tuesday, May 12, 2020

How 10% Of GDP Package Breaks Up: Additional Is Rs 13.5 Lakh Crore

Governments and central banks around the world have unleashed unprecedented amounts of fiscal and monetary support for economies that are reeling from the pandemic.

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How 10% Of GDP Package Breaks Up: Additional Is Rs 13.5 Lakh Crore

Governments and central banks around the world have unleashed unprecedented amounts of fiscal and monetary support for economies that are reeling from the pandemic.

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Sensex, Nifty Up 2% As Markets Give Up Early Gains On Economic Package

Domestic stock markets started Wednesday's session with strong gains a day after Prime Minister Narendra Modi announced fiscal and monetary support worth Rs 20 lakh crore to support an economy...

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Sensex, Nifty Up 2% As Markets Give Up Early Gains On Economic Package

Domestic stock markets started Wednesday's session with strong gains a day after Prime Minister Narendra Modi announced fiscal and monetary support worth Rs 20 lakh crore to support an economy...

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Sensex, Nifty Likely To Surge On Economic Package Announcement

The benchmark indices are likely to cheer the announcement of astimulus package worth Rs 20 lakh crore byPrime Minister Narendra Modi.

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Sensex, Nifty Likely To Surge On Economic Package Announcement

The benchmark indices are likely to cheer the announcement of astimulus package worth Rs 20 lakh crore byPrime Minister Narendra Modi.

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Industrial Production Contracts 16.7% In March Amid Coronavirus Lockdown

Industrial production had grown by 2.7 percent in March last year

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Consumer Inflation At 5.84% In March, Remains Lowest In 4 Months

Economists say consumer inflation might not remain the driver of policy due to the rapidly-spreading COVID-19 outbreak.

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Consumer Inflation At 5.84% In March, Remains Lowest In 4 Months

Economists say consumer inflation might not remain the driver of policy due to the rapidly-spreading COVID-19 outbreak.

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Maruti Resumes Operations At Manesar Plant On Single Shift Basis

The company is yet to start operations at its Gurugram facility

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Maruti Resumes Operations At Manesar Plant On Single Shift Basis

The company is yet to start operations at its Gurugram facility

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Sensex, Nifty Extend Losses To Second Straight Day

Analysts awaited the release of consumer inflation data due later in the day for more clarity on monetary policy going forward.

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Sensex, Nifty Extend Losses To Second Straight Day

Analysts awaited the release of consumer inflation data due later in the day for more clarity on monetary policy going forward.

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Sensex, Nifty Recover From Intraday Lows; Vedanta Surges 10%

In the last hour of trade, Sensex surged as much as 692 points from the day's lowest level.

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Sensex, Nifty Recover From Intraday Lows; Vedanta Surges 10%

In the last hour of trade, Sensex surged as much as 692 points from the day's lowest level.

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ATM Card Cloning Incidents Reported In Delhi, Customers To Get Refund: SBI

The bank asked customers to report all suspicious transactions to home branches

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ATM Card Cloning Incidents Reported In Delhi, Customers To Get Refund: SBI

The bank asked customers to report all suspicious transactions to home branches

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IRCTC Locked In 5% Upper Circuit As Special Train Bookings Resume

The uptick comes on the back of the announcement which allowed running of 15 pairs of special trains

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IRCTC Stock Gains 5%, Hits Upper Circuit As Special Train Bookings Resume

The uptick comes on the back of the announcement which allowed running of 15 pairs of special trains

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India To Offer Big Tax Holidays To Win New Investments: Report

Trade ministry has proposed a 10-year full tax exemption to companies making new investment upwards of $500 million

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India To Offer Big Tax Holidays To Win New Investments: Report

Trade ministry has proposed a 10-year full tax exemption to companies making new investment upwards of $500 million

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Monday, May 11, 2020

Gold Futures Move Higher, Trade Firm Above Rs 45,900 Per 10 Grams Mark

Current Gold Rate: At 10:37 am, the gold futures contract (delivery on June 5) traded stronger by Rs 151 - or 0.33 per cent - at Rs 45,932 per 10 grams.

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Gold Futures Move Higher, Trade Firm Above Rs 45,900 Per 10 Grams Mark

Current Gold Rate: At 10:37 am, the gold futures contract (delivery on June 5) traded stronger by Rs 151 - or 0.33 per cent - at Rs 45,932 per 10 grams.

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Rupee Depreciates To Hit 75.95 Mark Against Dollar

Rupee Vs Dollar Today: After starting the four-hour session down by 15 paise at 75.88, the rupee declined to an intraday low of 75.95 in the first 30 minutes of trade.

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Rupee Depreciates To Hit 75.95 Mark Against Dollar

Rupee Vs Dollar Today: After starting the four-hour session down by 15 paise at 75.88, the rupee declined to an intraday low of 75.95 in the first 30 minutes of trade.

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Sensex, Nifty Fall Over 1%; Financial Stocks Lead Losses

Domestic stock markets fell more than 1 per cent in early trade on Tuesday tracking weakness in global markets, as the country remained in the third phase of an extended lockdown to curb the spread of...

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Sensex, Nifty Fall Over 1%; Financial Stocks Lead Losses

Domestic stock markets fell more than 1 per cent in early trade on Tuesday tracking weakness in global markets, as the country remained in the third phase of an extended lockdown to curb the spread of...

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Sensex Nifty Likely To Open Lower Tracking Global Markets

At 8:00 am, the SGX Nifty futures traded down 81.10 points - or 0.88 per cent - at 9,148.00.

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Sensex Nifty Likely To Open Lower Tracking Global Markets

At 8:00 am, the SGX Nifty futures traded down 81.10 points - or 0.88 per cent - at 9,148.00.

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Coronavirus Crisis: World's Second Oldest Airline Driven To Bankruptcy

Avianca Holdings' bankruptcy filing highlights the challenges for airlines that cannot count on state rescues or on such rescues coming fast enough.

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Bond Yields Surge As Government Borrowing Balloons Amid COVID-19 Pandemic

The government plans to borrow Rs 12 lakh crore in the fiscal year to March 2021, up from the previously budgeted Rs 7.8 lakh crore.

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Bond Yields Surge As Government Borrowing Balloons Amid COVID-19 Pandemic

The government plans to borrow Rs 12 lakh crore in the fiscal year to March 2021, up from the previously budgeted Rs 7.8 lakh crore.

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Sunday, May 10, 2020

Rupee Weakens To 75.77 Against Dollar

The rupee was last seen trading 0.23 per cent lower at 75.72 against the dollar in late morning deals, having started the session flat at 75.55.

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Rupee Weakens To 75.77 Against Dollar

The rupee was last seen trading 0.23 per cent lower at 75.72 against the dollar in late morning deals, having started the session flat at 75.55.

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Gold Rises As New Wave Of COVID-19 Infections Raises Stimulus Hopes

Massive stimulus measures tend to support gold as it is used as a hedge against inflation and currency debasement.

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Gold Rises As New Wave Of COVID-19 Infections Raises Stimulus Hopes

Massive stimulus measures tend to support gold as it is used as a hedge against inflation and currency debasement.

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Gold Futures Edge Lower, Slip Below Rs 45,700 Per 10 Grams Mark

Gold Price Today: At 10:23 am, the gold futures contract (delivery on June 5) traded down Rs 57 - or 0.12 per cent - at Rs 45,755 per 10 grams.

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Sensex Gains Around 400 Points, Nifty Above 9,350, Led By Auto, Metal Stocks

Domestic stock markets were strong in the mid-morning session as the country remained in the third phase of a nationwide lockdown to curb COVID-19.

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Gold Futures Edge Lower, Slip Below Rs 45,700 Per 10 Grams Mark

Gold Price Today: At 10:23 am, the gold futures contract (delivery on June 5) traded down Rs 57 - or 0.12 per cent - at Rs 45,755 per 10 grams.

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Sensex Gains Around 400 Points, Nifty Above 9,350, Led By Auto, Metal Stocks

Domestic stock markets were strong in the mid-morning session as the country remained in the third phase of a nationwide lockdown to curb COVID-19.

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Reliance Industries Gains Over 3% After Company Fixes Rights Issue Date

The Mukesh Ambani-led Oil-to-telecom conglomerate fixed May 14 as the record date for the country's biggest rights issue.

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Reliance Industries Gains Over 3% After Company Fixes Rights Issue Date

The Mukesh Ambani-led Oil-to-telecom conglomerate fixed May 14 as the record date for the country's biggest rights issue.

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Mukesh Ambani's Jio May Add Saudi, US Investors To $8 Billion Run: Report

Investors are betting on Jio's access to India's huge consumer market, and its potential to shake up traditional industries in the country -- from retail to education and payments -- with its...

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Mukesh Ambani's Jio May Add Saudi, US Investors To $8 Billion Run: Report

Any new investment into Jio Platforms will add to the $8 billion deal run that Mukesh Ambani has sealed in recent weeks.

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ICICI Bank Weakens 2% Post March Quarter Results

The bank, on Saturday, reported a 26 per cent jump in net profit at Rs 1,221.36 crore for the quarter ended March 2020.

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Indian Start-Ups Become Creative As Coronavirus Crisis Hits Funding

A group of the top venture firms, including U.S. groups Sequoia and Accel, warned start-ups this month that it will be "very difficult" to raise financing anytime soon.

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ICICI Bank Weakens 2% Post March Quarter Results

The bank, on Saturday, reported a 26 per cent jump in net profit at Rs 1,221.36 crore for the quarter ended March 2020.

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Indian Start-Ups Become Creative As Coronavirus Crisis Hits Funding

A group of the top venture firms, including U.S. groups Sequoia and Accel, warned start-ups this month that it will be "very difficult" to raise financing anytime soon.

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Sensex, Nifty Open 1% Higher On Positive Global Cues

Gains across sectors - led by financial, automobile and metal stocks - pushed the markets higher.

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Sensex, Nifty Open 1% Higher On Positive Global Cues

Gains across sectors - led by financial, automobile and metal stocks - pushed the markets higher.

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Gap-Up Opening Likely For Sensex, Nifty

Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.

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Gap-Up Opening Likely For Sensex, Nifty

Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.

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Coronavirus Financial Stimulus "Not Sufficient", Says Ex-RBI Governor

The former RBI governor said that livelihood support has to be extended to many more families as most of their savings have dried up

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Coronavirus Financial Stimulus "Not Sufficient", Says Ex-RBI Governor

The former RBI governor said that livelihood support has to be extended to many more families as most of their savings have dried up

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Not Offering "Emergency Loan Via YONO", Clarifies SBI

SBI also said it will soon introduce a pre-approved personal loan for its salaried customers

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Not Offering "Emergency Loan Via YONO", Clarifies SBI

SBI also said it will soon introduce a pre-approved personal loan for its salaried customers

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Reliance Industries Fixes 14 May As Record Date For Rights Issue

The company also that the opening and closing dates for the rights issue will be informed separately

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Reliance Industries Fixes 14 May As Record Date For Rights Issue

The company also that the opening and closing dates for the rights issue will be informed separately

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Emirates Airline Posts Rise In Annual Profit, COVID-19 Hits Last Quarter

Emirates, one of the world's biggest long-haul airlines, reported a 21 percentrise in full-year profit

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Emirates Airline Posts Rise In Annual Profit, COVID-19 Hits Last Quarter

Emirates, one of the world's biggest long-haul airlines, reported a 21 percentrise in full-year profit

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Coronavirus Inflicts Huge Job Losses In US, Pandemic Breaches White House

Labor Department reported the USunemployment rate rose to 14.7 percentlast month, up from 3.5 percentin February

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Coronavirus Inflicts Huge Job Losses In US, Pandemic Breaches White House

Labor Department reported the USunemployment rate rose to 14.7 percentlast month, up from 3.5 percentin February

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Saturday, May 9, 2020

IndiGo Announces Pay Cut For Senior Employees For Entire 2020-21

The salary cut will be effected from May till the end of the 2020-21 financial year

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IndiGo Announces Pay Cut For Senior Employees For Entire 2020-21

The salary cut will be effected from May till the end of the 2020-21 financial year

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ICICI Bank Net Profit Jumps 26% In March Quarter To Rs 1,221.36 crore

Shares in ICICI Bank had ended 0.30 per cent higher at Rs 337.75 apiece on the BSE on Friday.

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ICICI Bank Net Profit Jumps 26% In March Quarter To Rs 1,221.36 crore

Shares in ICICI Bank had ended 0.30 per cent higher at Rs 337.75 apiece on the BSE on Friday.

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Centre Disbursed Rs 18,253 Crore Under PM-KISAN Scheme During Lockdown

Ms Sitharaman also said that about three crore farmers with agri loans totaling Rs 4,22,113 crore availed the benefit of the 3-month loan moratorium.

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Centre Disbursed Rs 18,253 Crore Under PM-KISAN Scheme During Lockdown

Ms Sitharaman also said that about three crore farmers with agri loans totaling Rs 4,22,113 crore availed the benefit of the 3-month loan moratorium.

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Friday, May 8, 2020

Government-Run Gold Bond Scheme Opens On Monday: 10 Things To Know

A second instalment of the government-run Sovereign Gold Bond (SGB) scheme will open for subscription from Monday, May 11. The Sovereign Gold Bonds - issued by the Reserve Bank of India (RBI) on...

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