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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. -
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. -
LIC Housing Finance Surges After Profit Rises 34% In June Quarter
Edited by Abhishek Vasudev | Tuesday August 25, 2020LIC Housing Finance shares surged as much as 11.45 per cent, the most in a day since May 26, to hit an intraday high of Rs 308. -
Eicher Motors Extends Gains By Over 3% On Stock Split
Edited by Peter Noronha | Tuesday August 25, 2020The shares of the company have been divided from one existing equity share with face value of Rs 10 each into ten equity shares of face value of Rs 1 each. -
RBI Announces Liquidity Operations Worth Rs 20,000 Crore
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020The Reserve Bank of India on Tuesday announced sale and purchase of G-Secs or government securities worth Rs 20,000 crore. In a statement, the RBI said it decided to conduct open market operation (OMO) in two tranches of Rs 10,000 crore each, after reviewing the "current and evolving liquidity and market conditions". The move comes days after minutes of last policy review showed the RBI acknowledges there is room for further rate cut but is unlikely to implement it any time soon due to rising inflation. -
Spot Gold Ticks Higher To $1,936; Focus Turns To US Central Bank Chair's Speech
Reuters | Tuesday August 25, 2020Spot gold was up 0.2 per cent at $1,935.88 per ounce. US gold futures gained 0.1 per cent at $1,941.60 per ounce. -
Domestic Silver Futures Erase Early Gains, Drop To Rs 65,225 Amid Volatile Trade
Edited by Sandeep Singh (with inputs from Reuters) | Tuesday August 25, 2020At 2:26 pm, the MCX silver futures contract quoted at Rs 65,425, down 0.22 per cent - or Rs 144 - from its previous close of Rs 65,569. -
Domestic Gold Futures Edge Lower, But Hold Rs 51,200 Mark As Global Rates Pause
Edited by Sandeep Singh (with inputs from Reuters) | Tuesday August 25, 2020Gold Rate Today In India: At 2:26 pm, the MCX gold futures quoted at Rs 51,227, down Rs 42 - or 0.08 per cent - from its previous close of Rs 51,269. -
Sensex Rises Over 150 Points, Nifty Tops 11,500 Tracking Global Markets
Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 25, 2020Markets worldwide were boosted after US regulators on Sunday authorised the use of blood plasma from recovered COVID-19 patients as a treatment option.
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