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Government Forms Committee For Assessment Of Relief To Bank Borrowers
Edited by Abhishek Vasudev | Thursday September 10, 2020The committee will be headed by Rajiv Mehrishi, former Comptroller and Auditor General of India. -
Automakers Seek Delays, Exemptions To Government's Planned New Rules For Parts: Report
Reuters | Thursday September 10, 2020Prime Minister Narendra Modi is keen to reduce imports to boost local manufacturing to make India more self-sufficient and enable it to play a bigger role in the global supply chain. -
Zomato Raises $160 Million From Tiger Global, Temasek Unit
Reuters | Thursday September 10, 2020The transaction values the food delivery startup at a post-money valuation of $3.3 billion -
Rice Prices Hit 18 Months Peak As Virus Strains Export Logistics
Reuters | Thursday September 10, 2020India's 5 per cent broken parboiled rice prices climbed to $387-$394 per tonne from last week's $384-$390. -
Route Mobile IPO Subscribed 4 Times On Day 2
Edited by Peter Noronha | Thursday September 10, 2020The retail investors portion was subscribed 6.7 times, non-institutional investors segment attracted bids to the extent of 2 times and qualified institutional buyers portion was subscribed 1.25 times. -
Covid-19 Likely To Force Government To Borrow More, Deficit Monetisation Last Resort: Report
Reuters | Thursday September 10, 2020The officials have already discussed the possibility of monetising the debt, whereby the central bank prints money to bridge the fiscal deficit. -
Sensex Surges Over 600 Points, Nifty Reclaims 11,400 Led By Reliance Industries
Edited by Abhishek Vasudev | Thursday September 10, 2020Sixteen of 19 sector gauges compiled by the BSE ended higher led by the S&P BSE Energy index's over 6 per cent gain. -
Sensex, Nifty On Track To Break 2-Day Losing Streak; Reliance Industries Hits Record
Edited by Abhishek Vasudev | Thursday September 10, 2020The country's most valued company - Reliance Industries - market capitalization topped Rs 14 lakh crore. -
Happiest Minds IPO Subscribed 151 Times, Retail Portion 71 Times
Edited by Peter Noronha | Thursday September 10, 2020The qualified institutional buyers (QIBs) portion was subscribed 77.43 times, non-institutional investors 351.46 times and retail individual investors 70.94 times, data available on the exchanges revealed. -
Last Chance To Decide On Loan Moratorium Plan: Supreme Court To Centre
Reported by A Vaidyanathan,Sunil Prabhu, Edited by Sandeep Singh | Thursday September 10, 2020The Supreme Court today gave the government two more weeks "to come up with something concrete- to help borrowers ease their EMI burden using an optional moratorium on repayment of loans allowed during the coronavirus crisis. "What is going to happen in two weeks?... We are giving time to the centre, but take a concrete decision," the judges said as the government sought more time. This is the last chance for the Centre and the RBI to come up with a plan, the Supreme Court said, refusing to adjourn the case any further. The court is hearing petitions seeking a waiver of interest on deferred EMIs during the moratorium introduced by the RBI or Reserve Bank of India to offset the financial hit taken by borrowers during the virus lockdown. -
Reliance Shares Hit Record High, Market Value Tops Rs 14 Lakh Crore For First Time
Edited by Sandeep Singh | Thursday September 10, 2020Currently, Reliance Industries is the only Indian company to hold a double-digit lakh crore market value in rupee terms. -
India August Inflation Seen Above RBI's Target Range: Poll
Reuters | Thursday September 10, 2020While the government has eased lockdown restrictions to revive the economy, supply distortions remain due to coronavirus cases rising domestically at the fastest pace in the world. -
Sensex Rises Over 300 Points, Nifty Touches 11,350 As Global Markets Rebound
Edited by Sandeep Singh (with inputs from agencies) | Thursday September 10, 2020Domestic stock markets started Thursday's session on a positive note tracking a rebound in global markets, amid hopes of a recovery from the coronavirus pandemic-caused slowdown. The S&P BSE Sensex index opened 322.96 points - or 0.85 per cent - higher at 38,516.88, and the broader NSE Nifty 50 benchmark began the day at 11,363.30, up 85.30 points - or 0.76 per cent - from its previous close. A strong buying interest in banking, financial services and oil & gas stocks supported the markets. -
Petrol, Diesel Prices Cut Across Metros On Thursday
Edited by Peter Noronha | Thursday September 10, 2020In Delhi, the price of petrol was slashed to Rs 81.99 from Rs 82.08 per litre and diesel rates were lowered to Rs 73.05 from Rs 73.16 per litre, according to Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Cautious Start
Edited by Peter Noronha (with inputs from agencies) | Thursday September 10, 2020The domestic stock markets are likely to open flat, despite positive cues from the global markets, due to a rise in India-China border tensions.
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