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As Small Businesses Suffer, Facebook's Fortunes Hang In The Balance
Reuters | Thursday July 30, 2020Facebook will reveal on Thursday whether lower ad prices lured enough marketers in the second quarter -
US Economy Contracts 32.9% In June Quarter, Wall Street Crashes
Edited by Abhik Deb (with inputs from agencies) | Thursday July 30, 2020The drop in GDP was more than triple the previous all-time decline of 10 per cent in the second quarter of 1958 -
Reliance Jio June Quarter Profit Nearly Triples To Rs 2,520 Crore
Edited by Sandeep Singh | Thursday July 30, 2020Billionaire Mukesh Ambani-led Reliance Industries' telecom arm, Reliance Jio Infocomm, on Thursday said its standalone net profit was at Rs 2,520 crore in the quarter ended June 30. That marked a nearly three-fold jump compared to its net profit of Rs 891 crore in the corresponding period a year ago. Reliance Jio's revenue from operations came in at Rs 16,557 crore in the April-June period, the telecom major said in a statement, up 33.71 per cent compared to the year-ago period. -
Reliance Industries Profit Rises 31% To Rs 13,233 Crore In June Quarter
Edited by Abhishek Vasudev | Thursday July 30, 2020Billionaire Mukesh Ambani-led Reliance Industries, the country's most valuable company, on Thursday reported a 31 per cent annual growth in its net profit to Rs 13,233 crore in the quarter ended June 30. The oil-to-telecom conglomerate had reported a net profit of Rs 10,104 crore in the corresponding quarter last year. The profit beat analysts' estimates. Analysts had on average expected Reliance Industries' profit at Rs 7,457 crore, news agency Reuters reported citing Refinitiv data. -
Resume Metros, Flights, Tourism: Industry Body FICCI To Government
Reported By Purva Chitnis, Edited By Abhik Deb | Thursday July 30, 2020FICCI also said that targeted marketing campaigns should be undertaken by the states to communicate safety measures -
Google's $2.1 Billion Fitbit Deal Faces Antitrust Probe: Report
Reuters | Thursday July 30, 2020The European Commission, which will launch the probe following the end of its preliminary review on August 4 -
Sensex Closes 335 Points Lower As Markets Extend Losses To Second Day
Edited by Sandeep Singh (with inputs from agencies) | Thursday July 30, 2020Volatility set in as investors rushed to settle their positions ahead of the expiration of monthly derivative contracts due by the end of the session, say analysts. -
Sensex Tanks Over 700 Points From Day's High
Edited by Sandeep Singh | Thursday July 30, 2020Domestic stock markets fell amid volatile trade on Thursday, as a selloff in financial, energy and metal stocks pulled the markets lower. The S&P BSE Sensex index dropped as many as 707.61 points from an intraday high of 38,413.81 to hit 37,706.20 on the downside in late afternoon deals.The broader NSE Nifty 50 benchmark slumped to as low as 11,089.55, having earlier risen to as high as 11,299.95 compared to its previous close of 11,202.85. Volatility occurred as investors rushed to settle their positions ahead of the expiration of monthly derivative contracts due by the end of the session, say analysts. -
HDFC Profit Declines 5% To Rs 3,051 Crore In June Quarter; Shares Slump
Edited by Abhishek Vasudev | Thursday July 30, 2020HDFC said that 22.6% of individual loans were under Covid-19 moratorium, while 27% of HDFC's loans under management were under moratorium. -
India's April-June Gold Demand Sinks 70%, May Decline Further In 2020: World Gold Council
Edited by Abhik Deb (with inputs from agencies) | Thursday July 30, 2020The report also said that India's gold demand for the full year 2020 is expected to fall to the lowest level in 26 years -
Sensex Crashes Over 400 Points From Day's High Ahead Of July Derivatives Expiry
Written by Abhishek Vasudev | Thursday July 30, 2020Mid- and small-cap shares were also witnessing selling pressure as Nifty Midcap 100 index and Nifty Smallcap 100 indexes fell over 0.5%. -
Government Audit Found Security Lapses In Digital Payment System In 2019: Report
Reuters | Thursday July 30, 2020The audit found many sensitive information were stored in "plain text" in some databases, leaving the data unprotected if the system was breached -
VAT Cut To 16.5% In Delhi, Diesel To Be Cheaper By Over Rs 8: Arvind Kejriwal
Edited by Sandeep Singh (with inputs from agencies) | Thursday July 30, 2020Delhi Chief Minister Arvind Kejriwal on Thursday announced a reduction in value added tax or VAT to 16.75 per cent, which would bring down the price of diesel by more than Rs 8 per litre in the national capital. Until now, the value added tax was at 30 per cent in Delhi. Currently, the rate of diesel is Rs 81.94 per litre in the metro, almost 2 per cent higher compared to petrol, which is at Rs 80.43 per litre. Diesel has remained more expensive than petrol in Delhi for past few weeks. -
Domestic Silver Futures Tumble Over 5% To Rs 61,945
Edited by Sandeep Singh (with inputs from Reuters) | Thursday July 30, 2020Silver Price Today: At 4:10 pm, MCX silver futures quoted at Rs 63,174, down Rs 2,180 or 3.34 per cent compared to their previous close. -
Bharti Airtel Shares Gain Over 2% Despite Loss In June Quarter
Edited by Peter Noronha | Thursday July 30, 2020Bharti Airtel had to provide Rs 36,832.2 crore towards adjusted gross revenue dues as directed by the Supreme Court.
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