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Flipkart Eyes Alcohol Delivery With Diageo-Backed Startup: Report
Reuters | Friday August 14, 2020Flipkart's customers will be allowed to access the startup HipBar's application on the e-commerce giant's platforms -
RBI Approves Dividend Payout Of Rs 57,000 Crore To Government
Edited by Sandeep Singh (with inputs from agencies) | Friday August 14, 2020The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of more than Rs 57,000 crore to the government. The development comes at a time when the government's fiscal deficit hit a record Rs 6.62 lakh crore in the April-June period as the coronavirus pandemic-triggered lockdown affected government's revenue collections. Fiscal deficit - an indication of the total borrowings required by a government - occurs when revenue collections fall short of expenditure. -
Sensex Falls Over 400 Points, Nifty Ends Below 11,200 As Auto, Banking Shares Drag
Edited by Abhishek Vasudev | Friday August 14, 2020Nine of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Bank index's nearly 3 per cent fall. -
Sensex Slumps Over 650 Points Dragged By Banking Shares
Edited by Abhishek Vasudev | Friday August 14, 2020Nine of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Bank index's nearly 3 per cent decline. -
NBCC Shares Surge On Heavy Volumes
Edited by Abhishek Vasudev | Friday August 14, 2020Shares of National Buildings Construction Corporation (NBCC) rose as much as 6.32 per cent to hit an intraday high of Rs 27.75 on the BSE. -
Wholesale Deflation At 0.58% In July As Prices Ease For Fourth Month, Food Rates Remain High
Edited by Abhik Deb (with inputs from agencies) | Friday August 14, 2020WPI inflation in June was at (-) 1.81 per cent, while for the month of May and April it was (-) 3.37 per cent and (-) 1.57 per cent respectively -
Spot Gold Price Set For First Weekly Decline Since Early June
Reuters | Friday August 14, 2020Gold largely ignored economic data from top consumer China, which missed market expectations and dented equities. -
Amazon To Launch Online Drug Sales In Bengaluru
Reuters | Friday August 14, 2020"Amazon Pharmacy", will offer both over-the-counter and prescription-based drugs, basic health devices and traditional Indian herbal medicines. -
Eicher Motors Falls Over 3% After Reporting Loss In June Quarter
Edited by Abhishek Vasudev | Friday August 14, 2020Royal Enfield sold 58,383 motorcycles in the June quarter, marking a decline of 68 per cent compared to 1,81,966 motorcycles in the year-ago period. -
Sensex, Nifty Off Day's Highs; Pharma Stocks Jump
Edited by Sandeep Singh (with inputs from agencies) | Friday August 14, 2020Analysts say gains were limited as high inflation dashed hopes of further monetary easing in the near term. -
Sensex Gains Over 200 Points, Nifty Crosses 11,350 As Financial, IT Stocks Rise
Edited by Sandeep Singh (with inputs from agencies) | Friday August 14, 2020Shares elsewhere in Asia dropped following lacklustre Chinese economic data, amid worries about a delay in US fiscal stimulus discouraged some investors from taking on risk. -
Sensex, Nifty Likely To Open Flat Today
Edited by Sandeep Singh (with inputs from agencies) | Friday August 14, 2020Shares elsewhere in Asia dropped following lacklustre Chinese economic data, amid worries about a delay in US fiscal stimulus discouraged some investors from taking on risk. -
US Contract Ban Takes Effect For Companies Using Products From Huawei, Others
Reuters | Thursday August 13, 2020The rule bars USgovernment from buying goods or services from any company that uses products from five Chinese companies -
Rise In Retail Inflation Will Make RBI Keep Rate Cut On Hold, Say Experts
Reuters | Thursday August 13, 2020Experts noted the rise in food inflation due to disruption in supply chains. -
Retail Inflation Worsens To 6.93% In July From 6.23% In June
Edited by Abhishek Vasudev | Thursday August 13, 2020Inflation remained above the Reserve Bank of India's medium term range of 4-6 per cent.
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