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India Needs To Look Beyond What Rating Agencies Think: Former RBI Governor
Reuters | Thursday August 06, 2020Former RBI governor Raghuram Rajan overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done -
US Sends First Shipment Of Crude To Saudi Arabia In Over A Decade
Reuters | Thursday August 06, 2020The United States shipped about 550,000 barrels of crude to Saudi Arabia in June, according to data -
RBI Monetary Policy LIVE Updates: Shaktikanta Das-Led RBI Leaves Repo Rate Unchanged
Edited by Sandeep Singh (with inputs from agencies) | Thursday August 06, 2020RBI Monetary Policy: The Reserve Bank of India's recent policies have focused on financial stability and the need to support growth despite the price target. -
Rate-Sensitive Stocks Trade Mixed Ahead Of RBI Policy
Edited by Peter Noronha | Thursday August 06, 2020RBI Policy: The Reserve Bank of India's (RBI's) six-member Monetary Policy Committee (MPC), headed by the RBI Governor, had its 24th meeting and its last before the expiry of its ongoing four-year term. -
World's Hottest Stock, Up By 880%, Is A Money-Losing Tech Giant
Yoolim Lee, Bloomberg | Thursday August 06, 2020Swelling optimism that loss-making Sea may one day become both the Tencent and Alibaba of Southeast Asia has boosted its New York-listed shares by more than 880 per cent in the past 18 months. -
Chinese Vaccine Maker Has World's Fastest Growing Fortune
Venus Feng, Bloomberg | Thursday August 06, 2020Chongqing Zhifei Biological Products Co. shares have surged 80 per cent since the vaccine maker disclosed at the end of June that China's drug regulator approved clinical human testing of a Covid-19 vaccine. -
Sensex, Nifty Rise Ahead Of RBI Policy Statement
Edited by Sandeep Singh | Thursday August 06, 2020Analysts awaited the outcome of a three-day meeting of the Reserve Bank of India's six-member Monetary Policy Committee amid hopes of another rate cut. -
Shaktikanta Das-Led RBI To Announce Policy Decision Today. Will There Be A Rate Cut?
Edited by Sandeep Singh (with inputs from agencies) | Thursday August 06, 2020The Reserve Bank of India (RBI) will shortly announce its decision on monetary policy today as its top brass concludes a three-day review. Economists remain divided over whether the central bank will ease monetary policy further, by reducing the repo rate, despite inflation remaining way beyond its comfort zone. When Governor Shaktikanta Das addresses the media at noon, all eyes will be also on any hints of further monetary easing in the coming months, as well as any clarity on a relaxation in loan EMIs brought in during the coronavirus lockdown. Some say the country's worsening economic outlook amid increasing COVID-19 cases necessitates further reduction in the key lending rates, especially at a time when the central bank's recent policies have focused on financial stability and the need to support growth despite the price target. -
Petrol, Diesel Prices Unchanged On Thursday
Edited by Peter Noronha | Thursday August 06, 2020In Delhi, the price of petrol stood at Rs 80.43 per litre and that of diesel at Rs73.56 per litre, according to notifications from Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Mildly Positive Opening
Edited by Peter Noronha (with inputs from agencies) | Thursday August 06, 2020The Reserve Bank of India's (RBI's) six-member Monetary Policy Committee (MPC), headed by the RBI Governor, is scheduled to announce the decisions of the panel. -
Ajay Tyagi Gets 18 Months' Extension As SEBI Chairman
Press Trust of India | Wednesday August 05, 2020Mr Tyagi was appointed as the SEBI chairman in March 2017 -
Asset Quality Of Banks, Non-Banking Lenders Can Deteriorate Further: Rating Agency ICRA
Edited by Abhik Deb (with inputs from agencies) | Wednesday August 05, 2020ICRA said 10 to 15 per cent of borrowers who continue to opt for the moratorium will be more vulnerable to slippages -
Rupee's Appreciation Has Been Softer Against Dollar's Depreciation
Reported by Purva Chitnis and Sakshi Bajaj, Edited by Abhishek Vasudev | Wednesday August 05, 2020In July US dollar index dropped 4.33% and the Indian rupee appreciated against the greenback by a mere 1%, Bloomberg data showed. -
Government Widens Chinese App Ban To Cover More Products From Xiaomi, Baidu: Report
Reuters | Wednesday August 05, 2020The new list reportedly contains mostly clones, or simply different versions, of the already banned apps -
Bharti Airtel Partners With Amazon To Grow Cloud Business
Edited by Abhik Deb (with inputs from agencies) | Wednesday August 05, 2020Airtel's shares rose 1.83 per cent to close at Rs 558.85 apiece
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