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India May See 19.2% GDP Drop, Worst Among Major Asian Nations: Analysts
Anirban Nag and Vrishti Beniwal, Bloomberg | Monday August 31, 2020With more than 65,000 new infections a day and total cases topping 3 million in a country of 1.3 billion, India's road to recovery appears a long and hard one. -
Reliance Industries Gains Over 2% On Future Group Acquisition
Edited by Peter Noronha | Monday August 31, 2020Reliance Industries on Saturday announced the acquisition of the retail, wholesale, logistics and warehousing businesses of the Future Group for Rs 24,713 crore through its subsidiary, Reliance Retail Ventures. -
Sensex Jumps Over 500 Points, Nifty Tops 11,750 As Banking Stocks Soar
Edited by Sandeep Singh (with inputs from agencies) | Monday August 31, 2020Official data on the country's gross domestic product (GDP) will be released at 5:30 pm today. -
Petrol, Diesel Prices Remain Unchanged On Monday
Edited by Peter Noronha | Monday August 31, 2020Petrol, Diesel Price: In Delhi, the price of petrol remained unchanged at Rs 82.03 paise per litre and diesel was untouched at Rs 73.56 per litre, according to Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Firm Opening
Edited by Peter Noronha (with inputs from agencies) | Monday August 31, 2020Asian shares notched a fresh two-year high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory for a protracted period. -
Worst GDP Contraction For India In Over 2 Decades? Data To Be Released Today
Edited by Sandeep Singh | Monday August 31, 2020India's gross domestic product or GDP is widely expected to have shrunk in the April-June period, as data covering the quarter fully captures the damage caused by the fast-spreading coronavirus pandemic. Many economists expect the country to suffer its worth quarterly de-growth since the mid-1990s, with estimates of contraction as bad as 25.9 per cent, as the pandemic-induced disruptions hurt businesses and livelihoods despite monetary and fiscal support of Rs 21 lakh crore. Currently, the country is undergoing a strategic removal of restrictions imposed in March to curb COVID-19 infections, which led to thousands of job losses and forced the majority of workforce to stay indoors, causing a big blow to an already-slowing economy. Official data will be released at 5:30 pm. -
Don't Levy Charges On Electronic Transactions, Finance Ministry Tells Banks
Asian News International | Sunday August 30, 2020The Ministry of Finance has advised banks not to collect any charges on transactions or payments made through electronic mode, the Central Board of Direct Taxes said on Sunday. -
One Nation One Health Card: All You Need To Know
Edited by Peter Noronha | Sunday August 30, 2020The 'One Nation One Health Card' will digitize the health records of all Indians, making patient data accessible and inclusive in one card. -
India INX To Launch Gold, Silver Futures Contracts In Dollars On Monday
Edited by Peter Noronha | Sunday August 30, 2020Gold Quanto futures will have Indian Gold spot purity 995 as underlying and Silver Quanto futures will have Indian Silver spot purity 999 as underlying. -
Petrol Prices Hiked by 9-10 Paise On Sunday; Diesel Remains Unchanged
Edited by Peter Noronha | Sunday August 30, 2020In Delhi, the price of petrol was increased by 9 paise from Rs 81.94 per litre to Rs 82.03 paise, according to Indian Oil Corporation. -
Reliance Industries To Acquire Future Group Retail, Logistics, Other Businesses For Rs 24,713 Crore
Edited by Sandeep Singh (with inputs from Reuters) | Saturday August 29, 2020Billionaire Mukesh Ambani-led Reliance Industries on Saturday announced the acquisition of the retail, wholesale, logistics and warehousing businesses of the Future Group for Rs 24,713 crore through its subsidiary, Reliance Retail Ventures. The deal is part of the scheme in which Future Group is merging certain group companies into Future Enterprises, and subject to regulatory and shareholder approvals, Reliance Industries said in a regulatory filing. The transaction had reportedly been in the works for months. -
How Price Of Government-Run Gold Bond Scheme Is Calculated
Edited by Sandeep Singh | Saturday August 29, 2020The issue price of Rs 5,117 per gram, for example, is based on the closing prices of gold jewellery from August 26 to 28 provided by industry body IBJA. -
Sovereign Gold Bonds To Be Available For Subscription For Last 5 Days. All You Need To Know
Edited by Sandeep Singh | Saturday August 29, 2020The Sovereign Gold Bond scheme will be available for subscription for the final five days of this year. On Monday, the government-run gold bond scheme will open for subscription for a period of five days till September 4. That means the gold bonds will be no longer available until next financial year. This will be the sixth tranche of the Sovereign Gold Bond (SGB) 2020-21 programme, subscription under which first opened in April this year. -
Petrol, Diesel Rates Unchanged In Metros
Edited by Sandeep Singh (with inputs from agencies) | Saturday August 29, 2020Currently, petrol and diesel prices vary in different parts of the country due to factors such as crude oil and foreign exchange rates, and local taxes. -
How To Know Current Petrol And Diesel Prices Through SMS
Edited by Sandeep Singh | Saturday August 29, 2020A user can find information on latest petrol and diesel prices applicable in different parts of the country by sending an SMS in a particular format suggested by Indian Oil.
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