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Domestic Gold Futures Reclaim Rs 51,650 Mark, Silver Above Rs 68,500 As Equities Lose Steam
Edited by Sandeep Singh (with inputs from agencies) | Tuesday September 15, 2020The gold and silver contracts had risen to as high as Rs 51,736 and Rs 68,720 respectively during the session. -
US Government Confirms Receiving Oracle Bid For TikTok
Agence France-Presse | Monday September 14, 2020President Donald Trump's administration has sought the sale of TikTok from ByteDance, citing concerns about US data security. -
RBI Likely To Hold Repo Rate In October Policy Meet: Experts
Reuters | Monday September 14, 2020August's retail inflation, at 6.69%, was lower than the 6.85% forecast in a Reuters poll of analysts and the 6.73% registered in July. -
Consumer Inflation At 6.69% In August, Remains Above RBI Target
Edited by Sandeep Singh | Monday September 14, 2020Consumer inflation in the country came in at 6.69 per cent in August, a notch lower compared to 6.73 per cent in the previous month and slightly better than economists' estimates,government data showed on Monday. Marginally easing food prices, with the gradual lifting of coronavirus-related restrictions, led to the improvement in the overall inflation reading. The Reserve Bank of India (RBI) tracks retail inflation - or the rate of increase in consumer prices as determined by the Consumer Price Index (CPI) - primarily for making changes to its monetary policy. -
Sensex, Nifty Snap Two-Day Winning Streak As Banking Shares Drag
Edited by Abhishek Vasudev | Monday September 14, 2020Six of 11 sector gauges compiled by the National Stock Exchange ended lower, led by Nifty Bank index's 1.3 per cent decline. -
TCS Shares Hit Record High, Market Value Hits Rs 9 Lakh Crore For First Time
Edited by Sandeep Singh | Monday September 14, 2020TCS shares ended the day with a gain of 5.00 per cent - or Rs118.60 - at Rs 2,492.30 apiece on the BSE, outperforming the benchmark S&P BSE Sensex index. -
Funds Seek To Calm Investors As Sebi's New Norms Affect $2 Billion In Equity Assets
Reuters | Monday September 14, 2020Securities and Exchange Board of India (SEBI) said so-called multi-cap funds should invest a minimum 75 per cent in stocks, with equal allocation of 25 per cent between large-, mid- and small-cap shares. -
Sensex Slumps Over 650 Points From Day's High As Banking Shares Drag
Edited by Abhishek Vasudev | Monday September 14, 2020Mid- and small-cap shares rallied after market regulator Securities and Exchange Board of India (Sebi) tweaked norms for asset allocation for multi-cap mutual funds. -
Government To Infuse Rs 20,000 Crore In State-Run Banks
Edited by Sandeep Singh | Monday September 14, 2020, New DelhiThe government sought parliament approval for a total additional spending of Rs 2.35 lakh crore crore for the current financial year. -
Mid, Small Cap Shares Rally After Regulator Sebi Tweaks Norms For Multi-Cap Funds
Edited by Abhishek Vasudev | Monday September 14, 2020The Nifty Midcap 100 index surged as much as 3.32 per cent, and the Nifty Smallcap 100 as much as 5.56 per cent, during Monday's session. -
HCL Tech Soars To Record High After IT Major Raises September Quarter Revenue Outlook
Edited by Sandeep Singh | Monday September 14, 2020HCL Technologies (HCL Tech) said it expects its revenue and operating "to be meaningfully better than the top end" of the guidance provided in July 2020. -
S&P Expects India's Economy To Contract 9% In Fiscal 2021
Reuters | Monday September 14, 2020S&P joins a host of major banks and ratings agencies, which have made deep cuts to their forecasts on India's economy following a 23.9% contraction. -
Government Seeks Rs 1.67 Lakh Crore In Additional Budgetary Spending
Reuters | Monday September 14, 2020Union Government sought an additional Rs 46,602 crore to transfer to states and Rs 10,000 crore more for its food subsidy scheme. -
Wholesale Inflation At 0.16% In August, Versus -0.58% In July
Edited by Abhishek Vasudev | Monday September 14, 2020Wholesale prices rose 0.16 per cent in August as against deflation of 0.58 per cent in the previous month. -
Computer Age Management Services IPO Coming Soon. Here Are Things To Know
Edited by Peter Noronha | Monday September 14, 2020The IPO will open on September 21 and close on September 23, and will be available at a price of Rs 1,250 per share.
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