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Sensex Opens Over 50 Points Higher, Nifty Above 11,500
Edited by Sandeep Singh (with inputs from agencies) | Wednesday August 26, 2020Analysts awaited the release of official data on the country's gross domestic product (GDP) due next week for cues. -
In Absence Of Funds, PMC Bank Depositors Survive On Loans, Charity
Reuters | Wednesday August 26, 2020Withdrawal cap has left many of PMC's over 900,000 depositors in deep difficulty, with some struggling to clear loans and others depending on friends for their groceries. -
Petrol Price Hike Paused After Six Days, On Wednesday
Edited by Peter Noronha | Wednesday August 26, 2020In Delhi, the price of petrol was steady at Rs 81.73 per litre, whilediesel prices werekept steady at Rs 73.56 per litre,according to Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Subdued Opening
Edited by Peter Noronha (with inputs from agencies) | Wednesday August 26, 2020The domestic stock markets are likely to have a subdued start, following cautious cues from the Asian bourses and listless trading on SGX Niftyfutures. -
Government Allows Research Spends On COVID-19 Vaccine, Drugs Under CSR Norms
Edited by Abhik Deb | Tuesday August 25, 2020The notification further said that the spending will have to be made in financial years 2020-21, 2021-22 and 2022-23 -
ICICI Bank Uses Satellite Images For Farm Loans To Cut Costs
Reuters | Tuesday August 25, 2020Banks typically deploy officials to travel to assess irrigation systems, crop quality and land location for forecasting farm revenue to make loans -
Tata Motors To Reduce Rs 48,000 Crore Debt Over Three Years, Says Chairman
Edited by Abhik Deb (With inputs from Reuters) | Tuesday August 25, 2020Earlier this year, Tata Motors reported that its net loss widened to Rs 8,437.99 crore in the June quarter -
Sensex, Nifty End Subdued; Banks Gain, Real Estate Shares Fall
Edited by Abhishek Vasudev | Tuesday August 25, 2020Twelve of 19 sector gauges compiled by the BSE ended lower led by S&P BSE Realty index's over 2 per cent fall. -
Not A Single Rs 2,000 Note Printed In 2019-20: RBI Annual Report
Edited by Abhik Deb (with inputs from agencies) | Tuesday August 25, 2020On the other hand, the circulation of currency notes of denomination of Rs 500 and Rs 200 has gone up substantially -
Rupee Ends Volatile Session Flat At 74.32 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020At the current level, the rupee has recovered 3.34 per cent against the dollar since an all-time low of 76.91 registered in April. -
Crude Oil Jumps Nearly 2% On Storm-Led Cut In Output
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020Brent crude was last seen trading 1.66 per cent higher at $45.88 per barrel, while WTI crude - the benchmark for US crude oil - was up 1.10 per cent at $43.09 per barrel. -
Sensex, Nifty Edge Up As Markets Extend Gains To Third Day
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020Analysts awaited the release of official data on the country's GDP due next week for more clarity on the damage caused by the coronavirus pandemic. -
Allcargo Logistics Locked In 20% Upper Circuit On Delisting Proposal From Promoters
Edited by Abhishek Vasudev | Tuesday August 25, 2020Allcargo Logistics Share: Promoters of Allcargo Logistics currently hold 17,20,22,209 equity shares aggregating to 70.01% of the paid-up equity share capital of the company. -
Adani Joins Ambani In Attempting Full-On Dominance
Andy Mukherjee | Bloomberg | Tuesday August 25, 2020The concentration of economic power in aviation infrastructure is now symptomatic of a broader trend in India, particularly in businesses where the government supplies a key ingredient. -
RBI Warns Of Economic Contraction Till September, Says Government Consumption Key To Demand Growth
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020Economic upticks visible in May and June after the easing of coronavirus-related lockdown appear to have lost strength in July and August, mainly due to the re-imposition of restrictions, the Reserve Bank of India said on Tuesday. That suggests that contraction in the country's GDP or gross domestic product will "likely prolong into" the second quarter (July-September), the RBI said in its annual report for 2019-20. The release of the central bank's annual report comes days ahead of the release of official data on GDP for the quarter ended June 30.
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