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Government Urges Auto Makers To Cut Royalties To Foreign Parents: Report
Reuters | Tuesday August 18, 2020The country's markets regulator last year suggested imposing curbs on payments exceeding 2 per cent of revenue. -
Government Keen To Speed Up Stake Sale In Four State-Owned Banks: Report
Edited by Abhik Deb (with inputs from agencies) | Tuesday August 18, 2020The sources said the four lenders in the discussion are Punjab & Sind Bank, Bank of Maharashtra, UCO Bank and IDBI Bank -
Sensex, Nifty Close Higher For Second Straight Day
Edited by Abhishek Vasudev | Tuesday August 18, 2020Banking, financial services, auto, media, private bank and metal indexes rose between 1.5-2.3 per cent each. -
Gold Price Today: Domestic Gold Futures Jump Over 1% To Rs 53,965 Mark Tracking Global Rates
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 18, 2020Gold Rate Today: At 4:23 pm, the MCX gold futures contract quoted at Rs 53,781, up Rs 506 - or 0.95 per cent - from its previous close. -
Rupee Gains By 12 Paise To End At 74.76 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 18, 2020At the current level, the rupee has recovered 2.80 per cent against the US currency since an all-time low of 76.91 registered in April. -
Sensex, Nifty Surge Over 1% Led By Surge In Financial Stocks
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 18, 2020Asian stocks inched up on Tuesday as US-China tensions weighed on optimism generated by Wall Street's tech-driven rally. -
Elon Musk Is Now The Fourth Richest Person: Report
Edited by Peter Noronha | Tuesday August 18, 2020Elon Musk: Mr Musk's net worth rose to $84.8 billion on the Bloomberg Billionaires Index, which is a daily ranking of the world's richest people, after Tesla Inc shares soared 11 per cent on August 17. -
Petronet LNG Surges 5% After June Quarter Earnings
Edited by Abhishek Vasudev | Tuesday August 18, 2020Petronet LNG Share Price: The operations of Petronet LNG were not materially interrupted during the lockdown due to outbreak of COVID-19. -
What Mukesh Ambani Is Picking Up On His Giant Shopping Spree
Anto Antony and PR Sanjai, Bloomberg | Tuesday August 18, 2020Mukesh Ambani is seeking to widen his retail footprint in a market that's become a hot spot for global giants such as Amazon as well as many local rivals, all chasing a billion-plus consumers. -
Domestic Silver Futures Gain 3% To Rs 71,350 Tracking Global Precious Metals
Edited by Sandeep Singh (with inputs from Reuters) | Tuesday August 18, 2020Silver Price Today: At 4:36 pm, the MCX silver futures contract quoted at Rs 71,183, up 2.93 per cent - or Rs 2,028 - from its previous close. -
RBI Removes Restrictions On Bandhan Bank Managing Director's Remuneration
Edited by Peter Noronha | Tuesday August 18, 2020The holding company, Bandhan Financial Holdings Limited reduced its shareholding to 40 per cent of the bank's paid-up voting capital, as mandated by RBI. -
Sensex, Nifty Off Day's Highs; Pharma Stocks Lag
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 18, 2020Asian stocks inched up on Tuesday as US-China tensions weighed on optimism generated by Wall Street's tech-driven rally, while the dollar dropped against almost all major currencies. -
Spot Gold Jumps 1% To Cross $2,000/Ounce Mark As Dollar Weakens
Reuters | Tuesday August 18, 2020Lower yields and interest rates decrease the opportunity cost of holding non-yielding assets such as gold. -
Sensex Gains Over 200 Points, Nifty Touches 11,300 As Auto, IT Stocks Rise
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 18, 2020Asian stocks inched up on Tuesday as US-China tensions weighed on optimism generated by Wall Street's tech-driven rally, while the dollar dropped against almost all major currencies. -
Petrol Prices Hiked For Third Consecutive Day, Diesel Remains Unchanged On Tuesday
Edited by Peter Noronha | Tuesday August 18, 2020The price of petrol were increased to Rs 80.90 from Rs 80.73 per litre in Delhiand to Rs 87.58 from Rs 87.45 in Mumbai,according to Indian Oil Corporation's website - iocl.com.
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