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Need For Another Fiscal Stimulus Warranted In India, Says IMF
Press Trust of India | Friday September 11, 2020Over 70,000 Indians have died due to coronavirus, as it has had an unprecedented impact on the India economy. -
Sensex, Nifty Turn Flat As Financial, Energy Stocks Weigh On Markets
Edited by Sandeep Singh (with inputs from agencies) | Friday September 11, 2020Asian shares struggled to stem a bearish mood on Friday after US technology stocks fell overnight on growing doubts about stimulus in the world's largest economy and worries about their stretched valuations. -
Sensex Rises Over 100 Points, Nifty Firm Above 11,450 Amid Choppy Trade
Edited by Sandeep Singh (with inputs from agencies) | Friday September 11, 2020Share Market News: Overall market breadth was positive with an advance-decline ratio of almost 2:1, as 1,117 stocks on the BSE rose against 561 that fell. -
Gold Price Today: Gold Futures Rise To Rs 51,752, Silver Reclaims Rs 69,000 Mark As Dollar Eases
Edited by Sandeep Singh (with inputs from agencies) | Friday September 11, 2020Gold, Silver Price In India Today: The gold and silver contracts had risen to as high as Rs 51,851 and Rs 69,768 respectively during the volatile session. -
Loan Moratorium: Government Sets Up Panel For Assessment Of Relief To 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.
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