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Supreme Court To Decide On Timeline Of Payment Of AGR Dues Tomorrow
Edited by Abhik Deb | Monday August 31, 2020On 20 July, a three-judge bench of SC had reserved its order on the timeline of staggered payment of the dues -
The Impact Of Reliance's $3.38 Billion Deal With Future Group
Reuters | Monday August 31, 2020Acquisition of Future Group's 2,000 retail stores and Big Bazaar grocery chain will help Reliance to broaden its extensive reach across the country. -
June Quarter GDP Growth Worse Than Expected, Say Experts
Reuters | Monday August 31, 2020The gross domestic product (GDP) data released on Monday showed consumer spending, private investments and exports all collapsed during the lockdown. -
GDP Data Along Expected Lines, India Witnessing V-Shaped Recovery: Chief Economic Adviser
Edited by Abhik Deb | Monday August 31, 2020CEA K Subramanian said that slowing rate of decline in core sector is an indicator of V-shaped recovery -
At -23.9%, GDP Contracts At Its Steepest Pace On Record
Edited by Sandeep Singh (with inputs from agencies) | Monday August 31, 2020India's gross domestic product or GDP contracted 23.9 per cent in the April-June period, official data showed today, as the coronavirus pandemic brought key industries to a halt and rendered millions of people jobless. That marked the worst incidence of negative growth for the economy since 1996, when India began publishing quarterly figures, and also the worst among major Asian economies. Today's reading - which fully captures the impact of the COVID-19 crisis on economic and business activity - is in stark contrast with expansion of 3.1 per cent in the previous quarter, and 5.2 per cent in the quarter ended June 30, 2019. Economists in a poll by news agency Bloomberg had estimated contraction in the range of 15-25.9 per cent, with a median estimate of 19.2 per cent. -
Fiscal Deficit Breaches Full-Year Target Within Four Months
Edited by Abhik Deb (with inputs from agencies) | Monday August 31, 2020In June, fiscal deficit had touched record levels for the first quarter, reaching 83.2 per cent of the full-year target within first three months -
RBI Announces More Liquidity Operations Worth Rs 20,000 Crore
Edited by Abhik Deb | Monday August 31, 2020RBI has also announced the infusion of Rs 1 lakh crore in mid-September through long-term repo operations (LTROs) at floating rates -
Sensex Crashes 839 Points As Border Tensions Escalate Between India And China
Written by Abhishek Vasudev | Monday August 31, 2020In a major flare-up in Ladakh, Chinese troops "carried out provocative military movements to change the status quo" near Pangong Tso lake. -
Core Sector Production Contracted 9.6% In July
Edited by Peter Noronha | Monday August 31, 2020The data on the eight sectors comes at a time when the government is gradually easing restrictions that were imposed to curb the spread of Covid-19. -
Sensex, Nifty Halt 6-Day Winning Run Ahead Of GDP Data
Edited by Abhishek Vasudev | Monday August 31, 2020Official data on the country's gross domestic product (GDP) will be released at 5:30 pm today. -
Rupee Weakens By 22 Paise To End At 73.62 Against Dollar Ahead Of GDP Data
Edited by Sandeep Singh (with inputs from agencies) | Monday August 31, 2020Currently, the rupee has taken its recovery from an all-time low of 76.91, registered in April, to 4.28 per cent. -
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.
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