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India Risks "Japanification": Viral Acharya, Ex-RBI Deputy Governor
Anirban Nag, Bloomberg | Wednesday July 29, 2020The government has infused Rs 2.6 lakh crore ($34.7 billion) into state-run banks in the last three financial years, more than double that in the previous nine years, but there is no provision for capital infusion in the budget this year. -
How Coronavirus Is Causing Debts To Soar And Crushing Credit Ratings
Reuters | Wednesday July 29, 2020Energy and oil companies, retailers, airlines, travel and leisure, banks and capital goods firms have been hit the worst -
Sensex Ends 422 Points Lower Amid Selling Pressure In Energy, Auto Stocks
Edited by Abhishek Vasudev | Wednesday July 29, 2020Six of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Auto index's 1.2 per cent decline. -
Sensex Slumps Over 500 Points As Reliance Industries, HDFC Bank Drag
Written by Abhishek Vasudev | Wednesday July 29, 2020Weakness in Reliance Industries, HDFC Bank, Tata Consultancy Services, Infosys, HDFC and HCL Technologies wiped off over 400 points from the Sensex. -
Maruti Suzuki Reports First Quarterly Loss In 17 Years: 10 Things To Know
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday July 29, 2020Maruti Suzuki India, the country's largest carmaker by market share, on Wednesday reported a net loss of Rs 249.4 crore for the April-June period - its first quarterly loss in at least 15 years. A nationwide lockdown to curb the spread of COVID-19 during the quarter hurt sales at the country's top-selling carmaker. The company, which had posted a net profit of Rs 1,435.5 crore for the corresponding period a year ago, said the net loss was partially offset by lower operating expenses and higher fair-value gain on the invested surplus. -
India's Growth Outlook Gets Gloomier, Recovery Path In Doubt: Economists' Poll
Reuters | Wednesday July 29, 2020In the quarter just gone by, the economy is forecast to have shrunk 20 per cent -
Dr Reddy's Laboratories June Quarter Profit Declines 13% To Rs 579 Crore
Edited by Abhishek Vasudev | Wednesday July 29, 2020Dr Reddy's Laboratories said its revenue from North America rose 6 per cent to Rs 1,730 crore, driven by contribution from new product launches. -
Hetero Labs Wins Approval To Sell COVID-19 Drug Favipiravir
Reuters | Wednesday July 29, 2020The drug, priced at Rs 59 per tablet, is approved to treat mild to moderate COVID-19 -
Domestic Silver Futures Edge Higher, Hover Near Rs 65,300 Mark
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday July 29, 2020Silver Price Today: For the September 4 contract, the average silver price currently stands at Rs 66,340.46, as against Rs 64,982.62 on Monday. -
Gold Price Today: Domestic Gold Futures Turn Flat After Scaling New Record Peak
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday July 29, 2020Gold Price Today: At 11:24 am, the Multi Commodity Exchange (MCX) gold futures traded with a loss of Rs 36 - or 0.07 per cent - at Rs 52,555. -
Despite Bailout, Yes Bank Still Wandering In Zombie Land
Andy Mukherjee, Bloomberg Opinion | Wednesday July 29, 2020The shock of the coronavirus lockdown on economic activity could leave several Indian lenders short of capital - just as Yes was in March. -
Spot Gold Eases On Profit-Booking Ahead Of US Central Bank Decision; Dollar Halts Slide
Reuters | Wednesday July 29, 2020Gold tends to gain when interest rates are low, which reduces the opportunity cost of holding non-yielding bullion. -
Sun Pharma Acquires Canada's Aquinox Pharma For $8.2 Million, Shares Gain
Edited by Sandeep Singh | Wednesday July 29, 2020Aquinox Pharmaceuticals is a research and development company focused on pharmaceutical products for the purpose of their commercialisation, Sun Pharma said. -
Maruti Suzuki Sheds Almost 1% Ahead of June Quarter Earnings
Edited by Peter Noronha | Wednesday July 29, 2020Maruti Suzuki hadreported a 28 per cent decline in net profit to Rs 1,292 crore for quarter ended March 31, compared to Rs 1,796 crore in corresponding period a year ago -
IndusInd Bank Shares Jump 7% After June Quarter Earnings
Edited by Sandeep Singh | Wednesday July 29, 2020IndusInd Bank, the country's sixth largest private sector lender, said its net interest income rose 16.36 per cent in the quarter ended June 30.
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