Domestic benchmark indices on Monday were trading over 2% lower, dragged down by financials as they tracked global markets amid a rise in coronavirus disease (Covid-19) cases and worries over a second wave of infections in China. The S&P BSE Sensex was trading over 750 points or 2.23% lower at 33,026.20 levels and the Nifty50 index was […]
The benchmark equity market indices on the BSE and National Stock Exchange (NSE) opened over 3 per cent lower on Friday tracking losses in the global markets. At 9:15 am, the S&P BSE Sensex down 1,101.68 points (3.28 per cent) at 32,436.69, while the broader Nifty 50 was at 9,544.95, down 357.05 points (3.61 per […]
Petrol and diesel prices on Thursday were hiked by 60 paise per litre each – the fifth straight daily increase in rates since oil PSUs ended an 82-day hiatus in rate revision. Petrol price in Delhi was hiked to Rs 74 per litre from Rs 73.40 while diesel rates were increased to Rs 72.22 a […]
Equity benchmark Sensex tumbled over 200 points in early trade on Thursday dragged by losses in HDFC Bank, Reliance Industries, Infosys and Kotak Bank amid foreign fund outflows and weak global cues. After touching a low of 34,010.86, the 30-share index was trading 214.42 points, or 0.63 per cent, lower at 34,032.63. Similarly, NSE Nifty […]
A unit affiliated with Libya’s east-based forces that have been trying to capture Tripoli but are now on the retreat, ordered the country’s largest oil field to halt work just hours after it restarted operations, the national oil company said Tuesday. Armed groups stopped oil production at the Sharara field on two occasions in just […]
Petrol price on Tuesday was hiked by 54 paise per litre and diesel by 58 paise a litre – the third straight daily increase in rates after oil PSUs ended an 82-day hiatus in rate revision. Petrol price in Delhi was hiked to Rs 73.00 per litre from 72.46, while diesel rates were increased to […]
Washington: India’s economy will shrink by 3.2 per cent in the current fiscal, the World Bank said on Monday as it joined a chorus of international agencies that are forecasting a contraction in growth rate due to the coronavirus lockdown halting economic activity. The Washington-based multilateral lender said that the COVID-19 pandemic and the multi-phased lockdown […]
While the damage to revenues and profits was limited in the March quarter, India Inc is bracing for a tough 2020-21. The commentary continues to be very cautious, even bordering on the pessimistic, given how the lockdown has crimped cash flows in the June quarter so far. Given how poor visibility on demand is, few […]
Tata Sons Ltd has ruled out any immediate plans to sell assets to shore up its finances because of the coronavirus pandemic that has hammered Indian companies. The holding company of Tata group, in a statement on Friday, said it is well-capitalised and prepared to take on the challenges posed by the countrywide lockdown since […]
Srinagar: Over 30 business and trade organizations in Kashmir urged central government and Reserve Bank of India to announce a comprehensive and strong economic package for revival of businesses in the region as they were suffering and on the verge of closure due to lockdown for ten months now. Several business organizations in Kashmir joined […]