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IRCTC Shares Edge Up 1% As Government Invites Bids For Further Stake Sale
Edited by Abhik Deb (with inputs from agencies) | Friday August 21, 2020The government currently holds 87.40 per cent stake in IRCTC and to meet Sebi's norms it needs tobe brought down to 75 per cent -
In Bankruptcy Case Against Anil Ambani, Tribunal To Verify SBI Claim
Upmanyu Trivedi and P R Sanjai, Bloomberg | Friday August 21, 2020State Bank of India has claimed that Anil Ambani offered about $160 million of personal guarantees while seeking loans in 2016 for RCom. -
US Court Upholds Penalty Of $140 Million On TCS In EPIC Systems Case
Edited by Abhishek Vasudev | Friday August 21, 2020The case dates back to 2014 when Epic first sued TCS with allegations that it illicitly downloaded documentation for software. -
Petrol Prices Hiked For Second Straight Day; Diesel Remains Unchanged
Edited by Abhishek | Friday August 21, 2020Petrol and diesel prices vary in different parts of the country due to factors such as price of crude oil, foreign exchange rate and local taxes. -
Sensex Rises Over 300 Points, Nifty Crosses 11,400 Amid Gains Across Sectors
Edited by Sandeep Singh (with inputs from agencies) | Friday August 21, 2020Equities in other Asian markets rose on Friday after a technology stocks-driven rally on Wall Street in which the Nasdaq Composite index hit a record high despite downbeat data that affirmed the US central bank's dour outlook on economic recovery. -
Patanjali-Acquired Ruchi Soya's 8,764% Stock Surge Spurs SEBI Rethink
Ronojoy Mazumdar and Ashutosh Joshi, Bloomberg | Friday August 21, 2020Ruchi Soya swung to a profit of Rs 12.26 crore ($1.6 million) in the quarter ended June, while its revenue dropped 5 per cent from the preceding three-month period to Rs 3,040 crore. -
Sensex, Nifty Likely To Open Higher Tracking Global Markets
Edited by Sandeep Singh (with inputs from agencies) | Friday August 21, 2020Equities in other Asian markets rose on Friday after a technology stocks-driven rally on Wall Street in which the Nasdaq Composite index hit a record high despite downbeat data that affirmed the US central bank's dour outlook on economic recovery. -
"Telecom Companies Taking A Ride Without Paying For The Horse": Supreme Court On AGR Dues
Press Trust of India | Thursday August 20, 2020Commenting on telecom companies under insolvency, the top court said it is -extremely worried- that almost the entire AGR dues will be wiped out -
RBI Constrained In Cutting Lending Rates Due To Inflation: Monetary Policy Minutes
Edited by Abhik Deb (with inputs from agencies) | Thursday August 20, 2020According to the minutes, RBI governor Shaktikanta Das said that at this juncture it is important to keep our arsenal dry and use it judiciously -
Domestic Gold, Silver Futures Fall 1% As Dollar Rises
Edited by Sandeep Singh (with inputs from Reuters) | Thursday August 20, 2020MCX gold futures ended at Rs 52,152, down Rs 470 - or 0.89 per cent - for the day, and silver futures at Rs 67,300, down Rs 663 - or 0.98 per cent. -
Spot Gold Inches Up As US Central Bank Reiterates Economic Concerns
Reuters | Thursday August 20, 2020Central banks have rolled out massive stimulus and cut interest rates to near zero to combat the economic toll from the new coronavirus crisis. -
1.22 Crore Kisan Credit Cards Sanctioned With Credit Limit Of Rs 102,065 Crore: Finance Ministry
Edited by Abhik Deb (with inputs from agencies) | Thursday August 20, 2020Under the Aatma Nirbhar Bharat Package, government had announced concessional credit of Rs 2 lakh crore through Kisan Credit Card -
Sensex, Nifty Snap Three-Day Winning Streak Dragged By Banks
Edited by Abhishek Vasudev | Thursday August 20, 2020Mid- and small-cap shares outperformed their larger peers as Nifty Midcap 100 and Nifty Smallcap 100 indexes rose over 0.5 per cent each. -
Power Stocks Rally After Government Relaxes Working Capital Norms
Edited by Abhishek Vasudev | Thursday August 20, 2020Among the individual shares, NHPC rallied 13%, Tata Power advanced 9%, NTPC gained 7% and Adani Transmission climbed 7%. -
Sensex Slumps Over 400 Points, Nifty Near 11,300 As Banks Drag
Written by Abhishek Vasudev | Thursday August 20, 2020Mid- and small-cap shares were outperforming their larger peers as the Nifty Midcap 100 and Nifty Smallcap 100 indexes rose over 0.5 per cent each.
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