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Sensex, Nifty Gain After US Central Bank Policy Shift
Edited by Sandeep Singh (with inputs from agencies) | Friday August 28, 2020At 9:59 am, the Sensex traded 0.46 per cent - or 181.26 points - higher at 39,294.73, while the Nifty was up 0.48 per cent - or 55.45 points - at 11,614.70. -
In A Big Shift, US Central Bank Rewrites Its Approach To Inflation, Jobs Market
Reuters | Friday August 28, 2020The policy shift is arguably the biggest for the Fed since Paul Volcker remade the central bank into an inflation-slaying force four decades ago, when prices were spiraling higher. -
Sensex Gains Over 200 Points, Nifty Tops 11,600 After US Central Bank's Policy Shift
Edited by Sandeep Singh (with inputs from agencies) | Friday August 28, 2020Federal Reserve Chairman Jerome Powell laid out a policy that aims for 2 per cent inflation on average so that too low a pace would be followed by an effort to lift inflation. -
Top Court Asks SBICAP Ventures To Start Funding 6 Stalled Projects Of Amrapali Group
Press Trust of India | Friday August 28, 2020, New DelhiThe top court asked the Centre to consider as a special case and provide the remaining money for construction of other stalled projects from the stress funds created for the real estate sector. -
GST Council Meet: Centre Gives States Two Options To Compensate Rs 2.35 Lakh Crore Tax Shortfall
Edited by Abhik Deb | Thursday August 27, 2020Centre asked the states to borrow money from the market in order to meet the Rs 2.35 lakh crore compensation shortfall -
GST Collection Severely Affected Due To Covid-19: Highlights Of GST Council Meet
Edited by Abhishek Vasudev | Thursday August 27, 2020GST Council Meeting Updates: Compensation gap estimated at 2.35 lakh crorem says Revenue Secretary -
State-Owned Oil Refiners Halt Imports From Chinese Companies: Report
Reuters | Thursday August 27, 2020Reportedly, last week, state refiners decided to stop sending crude import tenders to Chinese trading firm like CNOOC Ltd, Unipec and PetroChina -
Crude Oil Rate Steady Below $46 Per Barrel After Recent Gains
Edited by Sandeep Singh (with inputs from agencies) | Thursday August 27, 2020The threat from Hurricane Laura has pushed the market higher this week, but the storm is not expected to affect supplies much because oil and product inventories remain high. -
Farmers Face Debts As Banks Turn Risk-Averse During Pandemic
Reuters | Thursday August 27, 2020Farmers are being shunned by banks as lenders turn cautious due to rising bad loans -
Sensex, Nifty Gain A Modest 2% In 5-Day Winning Run
Edited by Sandeep Singh (with inputs from agencies) | Thursday August 27, 2020Markets globally are still focused on the endless liquidity being pumped out by central banks. -
Sensex, Nifty Gain For Fifth Straight Day; Realty Shares Outperform
Edited by Abhishek Vasudev | Thursday August 27, 2020Shares of real estate companies rallied after the Maharashtra government slashed stamp duty on real estate transactions by 3 per cent. -
Court Halts Insolvency Proceedings Against Reliance's Anil Ambani
Reuters | Thursday August 27, 2020Delhi High Court on Thursday halted insolvency proceedings against Reliance Group chairman Anil Ambani. -
Delhi High Court Stays Insolvency Proceedings Against Anil Ambani Upon SBI's Claims
Reported by Aravinth Kumar, Edited by Abhik Deb | Thursday August 27, 2020NCLT appointed a bankruptcy administrator to verify SBI's claim that Mr Ambani offered personal guarantees to seek loans from the lender -
Tiktok CEO Kevin Mayer Quits After Less Than Three Months As U.S. Plans Ban
Reuters | Thursday August 27, 2020Kevin Mayer has left short video app firm days after TikTok sued the administration of U.S. President Donald Trump over an executive order banning transactions with it in the country. -
Rupee Rises To Over 5-Month Closing High Of 73.81 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Thursday August 27, 2020The rupee has recovered 3.43% from an all-time low of 76.91 registered in April.
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