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Allcargo Logistics Locked In 20% On Delisting Proposal From Promoters
Edited by Abhishek Vasudev | Tuesday August 25, 2020Promoters of Allcargo Logistics currently hold 17,20,22,209 equity shares aggregating to 70.01% of the paid-up equity share capital of the company. -
Adani Joins Ambani In Attempting Full-On Dominance
Andy Mukherjee | Bloomberg | Tuesday August 25, 2020The concentration of economic power in aviation infrastructure is now symptomatic of a broader trend in India, particularly in businesses where the government supplies a key ingredient. -
RBI Warns Of Economic Contraction Till September, Says Government Consumption Key To Demand Growth
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020Economic upticks visible in May and June after the easing of coronavirus-related lockdown appear to have lost strength in July and August, mainly due to the reimposition of restrictions, the Reserve Bank of India said on Tuesday. That suggests that contraction in the country's GDP or gross domestic product will "likely prolong into" the second quarter (July-September), the RBI said in its annual report for 2019-20. The release of the central bank's annual report comes days ahead of the release of official data on GDP for the quarter ended June 30. -
LIC Housing Finance Surges After Profit Rises 34% In June Quarter
Edited by Abhishek Vasudev | Tuesday August 25, 2020LIC Housing Finance shares surged as much as 11.45 per cent, the most in a day since May 26, to hit an intraday high of Rs 308. -
Eicher Motors Extends Gains By Over 3% On Stock Split
Edited by Peter Noronha | Tuesday August 25, 2020The shares of the company have been divided from one existing equity share with face value of Rs 10 each into ten equity shares of face value of Rs 1 each. -
RBI Announces Liquidity Operations Worth Rs 20,000 Crore
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020The Reserve Bank of India on Tuesday announced sale and purchase of G-Secs or government securities worth Rs 20,000 crore. In a statement, the RBI said it decided to conduct open market operation (OMO) in two tranches of Rs 10,000 crore each, after reviewing the "current and evolving liquidity and market conditions". The move comes days after minutes of last policy review showed the RBI acknowledges there is room for further rate cut but is unlikely to implement it any time soon due to rising inflation. -
Spot Gold Ticks Higher To $1,936; Focus Turns To US Central Bank Chair's Speech
Reuters | Tuesday August 25, 2020Spot gold was up 0.2 per cent at $1,935.88 per ounce. US gold futures gained 0.1 per cent at $1,941.60 per ounce. -
Sensex Rises Over 150 Points, Nifty Tops 11,500 Tracking Global Markets
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020Markets worldwide were boosted after US regulators on Sunday authorised the use of blood plasma from recovered COVID-19 patients as a treatment option. -
Petrol Prices Hiked For Sixth Consecutive Day On Tuesday
Edited by Peter Noronha | Tuesday August 25, 2020Petrol Diesel Price: Prices of petrol were raised by 9-11 paise per litre in Delhi, Mumbai, Kolkata and Chennai with effect from 6 am on August 25, according to Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Flat Opening
Edited by Peter Noronha (with inputs from agencies) | Tuesday August 25, 2020The domestic markets are likely to open flat, ignoring the positive cues from US and Asian markets, going by indications from SGX Nifty. -
Reliance Jio Launches New Plans Of Rs 499, Rs 777 With Free Hotstar Subscription
Abhik | Monday August 24, 2020Both the plans come with one year of complimentary Disney+ Hotstar VIP subscription -
Axis Bank Cuts Stake Purchase In Max Life Insurance To 17% From 29%
Edited by Abhik Deb (with inputs from agencies) | Monday August 24, 2020Initially Axis Bank hadplanned to raise its stake in the insurer to 30 per centfor about Rs 1,590 crore -
Court Issues Notice To Government, RBI In Plea Against Google Pay
Edited by Abhik Deb (with inputs from agencies) | Monday August 24, 2020The plea sought directions to Google India Digital Service to give an undertaking to not store data on its app under UPI ecosystem -
Sensex Rallies 364 Points, Nifty Ends Near Six Month High Led By Banks
Edited by Abhishek Vasudev | Monday August 24, 2020Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by Nifty Private Bank index's over 2 per cent gain. -
Sensex Rises Over 400 Points, Nifty Marches Towards 11,500 Led By Banks
Edited by Abhishek Vasudev | Monday August 24, 2020Eight of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Private Bank index's 2.5 per cent gain.
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