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Gold Futures Drop But Hold Rs 50,900 Mark, Silver Tumbles To Rs 67,410 As Dollar Continues To Rise
Edited by Sandeep Singh (with inputs from agencies) | Thursday September 10, 2020Gold Price In India Today: MCX gold and silver futures fell to as low as Rs 50,914 and Rs 67,351 during Wednesday's session respectively. -
Banks To Be Catalysts Of Economic Revival, Says Finance Minister
Press Trust of India | Wednesday September 09, 2020The minister further said banks have to introspect on their core business and also focus on welfare -
You'll Get 8.5% Interest On Provident Fund - But In 2 Tranches
Edited by Abhishek Vasudev | Wednesday September 09, 2020In March, the retirement fund body lowered the interest rate to 8.5%. The EPFO had paid interest rate of 8.65% in financial year 2018-19. -
Sensex, Nifty Decline For Second Straight Day Dragged By Banks
Edited by Abhishek Vasudev | Wednesday September 09, 2020Seven of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's 3% fall. -
Rupee Edges Higher To 73.55 Against Dollar, Breaks 2-Day Losing Streak
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 09, 2020At the current level, the rupee has recovered 4.37 per cent from an all-time low of 76.91 registered in April. -
World's Top 10 Airline Stocks Are All Chinese, Except One
Bloomberg News | Wednesday September 09, 2020Chinese carriers haven't been immune to the crisis, but they've managed to recover much faster thanks to a vast domestic market. -
Astrazeneca Pharma India Shares Dive Nearly 7% As Vaccine Trials Paused
Edited by Peter Noronha | Wednesday September 09, 2020The parent company AstraZeneca "voluntarily paused" a randomized clinical trial of its coronavirus vaccine asa volunteer developed an unexplained illness. -
Sensex Slumps Over 400 Points, Nifty Below 11,200; Banking, Metal Shares Worst Hit
Edited by Abhishek Vasudev | Wednesday September 09, 2020Banking shares were worst hit in trade so far as the Nifty Bank index slumped over 2 per cent. -
Crude Oil Extends Fall As Demand Worries Mount
Reuters | Wednesday September 09, 2020, TokyoThe global health crisis continues to flare unabated with coronavirus cases rising in India, Great Britain, Spain and several parts of the United States. -
Route Mobile IPO Opens For Subscription. Here's What Brokerages Have To Say
Edited by Peter Noronha | Wednesday September 09, 2020Route Mobile IPO Opens Today: The Rs 600 crore public issue will be open for three trading days till September 11, at a price band at Rs 345-350 per share. -
USD-INR Rate Today: Rupee Extends Losses To Third Straight Day, Slides To 73.75 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 09, 2020Rupee Vs Dollar Today: At 12:02 pm, the rupee traded seven paise lower - 0.10 per cent - at 73.67 against the US currency. -
Mukesh Ambani's Reliance Retail Unit Sells 1.75% Stake To US' Silver Lake
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 09, 2020Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) said on Wednesday that the US-based Silver Lake will invest Rs 7,500 crore in its subsidiary, Reliance Retail Ventures. Silver Lake's investment will translate into a 1.75 per cent stake in RRVL, the conglomerate said in a regulatory filing at the start of market hours. The deal is likely to bolster RIL's retail presence in the domestic market. Reliance Industries said the transaction, subject to regulatory approvals, values Reliance Retail Ventures at an equity value of Rs 4.21 lakh crore. -
Mukesh Ambani's Reliance Retail Ventures To Get Rs 7,500 Crore Investment From US-Based Silver Lake
Reuters | Wednesday September 09, 2020, BengaluruThe investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore, Mumbai-based Reliance said in a regulatory filing. -
Gold Price Today: Domestic Gold Futures Crack Below Rs 51,050 Mark On Dollar Strength
Wednesday September 09, 2020Gold Rate Today: At 1:10 pm, the MCX gold futures contract quoted at Rs 51,134, down Rs 219 - or 0.43 per cent - from its previous close of Rs 51,353. -
Reliance Jio To Roll Out 10 Crore Low-Cost Phones By December: Report
Reuters | Wednesday September 09, 2020, BengaluruMukesh Ambani had said in July that Google would build an Android operating system (OS) to power a low-cost "4G or even 5G" smartphone that Reliance Industries would design.
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