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Loan Moratorium Expires Today, RBI Unlikely To Extend Relief: Report
Edited by Abhik Deb (with inputs from agencies) | Monday August 31, 2020The Supreme Court, on September 1, will hear a fresh plea seeking extension of the scheme -
Sensex Plummets Over 1,200 Points From Day's High. Here's Why
Written by Abhishek Vasudev | Monday August 31, 2020India is likely entering its deepest recession on record, which is expected to run through the second half of the fiscal year. -
Sovereign Gold Bonds Open For Subscription Till Friday. Should You Buy?
Edited by Sandeep Singh | Monday August 31, 2020The interest on gold bonds is taxable. However, the capital gains arising out of redemption are exempted for individual investors. -
Adani Group To Purchase Majority Stake In Mumbai International Airport
Edited by Peter Noronha | Monday August 31, 2020Adani Group will buy 50.5 per centstake from GVK Group and 23.5 per cent from minority partners including Airports Company South Africa and Bidvest Group. -
Sensex, Nifty Tumble Ahead Of GDP Data
Edited by Sandeep Singh (with inputs from agencies) | Monday August 31, 2020At 1:56 pm, the Sensex traded at 38,857.78, down 609.53 points - or 1.54 per cent - from its previous close, while the Nifty was down 203.45 points - or 1.75 per cent - at 11,444.15. -
Adani Group To Buy 74% Stake In Mumbai Airport
Press Trust of India | Monday August 31, 2020, New DelhiAdani Airport Holdings has "entered into an agreement to acquire the debt of GVK Airport Developers", Adani Enterprise said. -
BSE's India INX Launches Gold, Silver Futures Contracts In Dollars
Edited by Peter Noronha | Monday August 31, 2020The underlying of Gold Quanto futures is Indian Gold spot purity 995 and that of Silver Quanto futures is Indian Silver spot purity 999. -
"Extreme Economic Shock": GDP Data To Show Covid Impact
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 Limited: Reliance Industries on Saturday announced the acquisition of the retail, wholesale, logistics and warehousing businesses of the Future Group for Rs 24,713 crore. -
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.
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