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Weak Fuel Demand Drags On As Virus Crisis Worsens
Reuters | Wednesday August 12, 2020Sales of petrol, fell by 10.3 per cent from a year earlier to 2.26 million tonnes, and were down 0.8 per cent from 2.28 million tonnes in June. -
Interest-Rate Sensitive Stocks Trade Mixed Ahead Of July Inflation Numbers
Edited by Peter Noronha | Wednesday August 12, 2020At 11:10 am, the BSE Auto index had gained more than 1 per cent, while metal and banking indices had shed 1.5 per cent and 0.5 per cent respectively. -
Silver Futures Hit Lower Circuit, Fall To Rs 60,910 Tracking Precious Metals
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday August 12, 2020Silver Rate Today: At 10:12 am, the MCX silver futures contract quoted at Rs 61,770, down 7.72 per cent (Rs 5,164) from its previous close. -
Gold Price Today: Domestic Gold Futures Drop 4%, Slide Below Rs 50,000 As Global Rates Tumble
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday August 12, 2020Gold Rate Today: At 10:12 am, the MCX gold futures contract quoted at Rs 50,293, down Rs 1,636 - or 3.15 per cent - from its previous close. -
Spot Gold Rate Falls Below $1,900 Per Ounce As US Dollar Rises
Reuters | Wednesday August 12, 2020Gold suffered its biggest one-day drop in more than seven years on Tuesday as equities surged and the dollar firmed. -
Sensex Falls Over 250 Points, Nifty Slips Below 11,250 Tracking Global Markets
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday August 12, 2020On Wall Street, the S&P 500 snapped a seven-day winning streak after coming within reach of its all-time peak hit in February just before the global outbreak of COVID-19. -
Petrol, Diesel Prices Remain Unchanged On Wednesday
Edited by Peter Noronha | Wednesday August 12, 2020State-run oil marketing companies such as Indian Oil Corporation allow any revisions on a daily basis, to bring the fuel rates at par with global oil prices and changes in the forex rates. -
Sensex, Nifty Likely To Have A Weak Opening
Edited by Peter Noronha (with inputs from agencies) | Wednesday August 12, 2020The domestic stock markets are likely to open in the red after US markets closed lower following uncertainty in the US fiscal stimulus measures. -
Companies To Go Slow On Increments, Salary Hikes To Be Limited In Selected Profiles: Report
Edited by Abhik Deb | Tuesday August 11, 2020As far as new hirings are concerned, the report said that 6 out of the 17 sectors it surveyed offered more than 10 per cent salary growth -
Beer Maker Bira Talking To Foreign Brewers About Possible Stake Sale: CEO
Reuters | Tuesday August 11, 2020U.S.-based Sequoia Capital holds a roughly 45 per cent stake in the company, while CEO Jain and his family own around 30 per cent. -
Loan Restructuring Proposal To Prolong Banks' Bad Loan Uncertainty: Rating Agency Fitch
Reuters | Tuesday August 11, 2020The RBI said last week it will allow restructuring of corporate and personal loans to ease debt strains on companies and lenders -
June Industrial Output Shrinks By 16.6% As Coronavirus Hits Business Activity
Reuters | Tuesday August 11, 2020Last month, the government had suspended the release of headline industrial output numbers for May, citing inadequacy of data. -
Infosys Founder Narayana Murthy Fears Of GDP Hitting Lowest Since 1947
Press Trust of India | Tuesday August 11, 2020Mr Murthy said the economy should be brought back on track and people should be prepared to live with coronavirus -
Passenger Vehicle Sales Decline 4% In July, Two-Wheeler Sales Fall 15%: Industry Body
Edited by Abhishek Vasudev | Tuesday August 11, 2020For the April-July period, annual passenger vehicle sales were down 63 per cent 336,513 units and two-wheeler sales were down 60.54 per cent. -
Gold Price Today: Domestic Gold Futures Slide Below Rs 54,000 Mark Tracking Global Rates
Edited by Sandeep Singh (with inputs from Reuters) | Tuesday August 11, 2020Gold Rate Today: At 1:04 pm, the MCX gold futures contract quoted at Rs 53,960, up Rs 986 - or 1.79 per cent - from its previous close.
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