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Petrol, Diesel Prices Remain Unchanged On Tuesday
Edited by Peter Noronha | Tuesday September 08, 2020In Delhi, the price of petrol was maintained at Rs 82.08 per litre and diesel rates were steady at Rs 73.16 per litre, according to notifications by Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Positive Opening
Edited by Peter Noronha (with inputs from agencies) | Tuesday September 08, 2020The domestic stock markets are likely to open in the green, following encouraging Asian cues and a positive start on SGX Nifty. -
KV Kamath Panel Identifies 26 COVID-19-Affected Sectors For Debt Resolution
Edited by Sandeep Singh (with inputs from agencies) | Monday September 07, 2020The Reserve Bank of India (RBI) said on Monday that it had broadly accepted recommendations made by a committee on loans restructuring for COVID-19-affected businesses. The RBI-appointed panel, under eminent banker KV Kamath, recommended five financial ratios for 26 sectors - including aviation, construction, power, real estate and automobiles - which could be taken into account by banks while finalising their resolution plans for borrowers. The development comes at a time when the central bank has warned that bad loans in the country's banking system can soar to at least 12.5 per cent by March 2021, from 8.5 per cent at the end of March this year, due to the impact of the coronavirus pandemic. -
RBI's KV Kamath Committee Picks 26 Sectors For Loan Restructuring, Lists Criteria
Edited by Abhik Deb (with inputs from agencies) | Monday September 07, 2020The committee will also scrutinise restructuring of loans above Rs 1,500 crore -
Happiest Minds IPO Subscribed 2.8 Times On Day 1
Edited by Peter Noronha | Monday September 07, 2020The reserved portion for retail investors was subscribed 14.6 times, non-institutional investors' category, 62 per cent and qualified institutional investors segment saw subscription of 8 per cent. -
Foreign Buyers Pour Money Into Indian Stocks Despite Sinking Economy
Nupur Acharya, Bloomberg | Monday September 07, 2020International buyers plowed a net $6 billion into shares in Asia's third-largest economy in August, the most since March last year; other markets in the region excluding China suffered net withdrawals during the month. -
You Can Verify Aadhaar-Registered Mobile Number Online, Here's How
Edited by Sandeep Singh | Monday September 07, 2020The UIDAI engages with social media users from time to time to spread awareness about Aadhaar-related services. -
Sensex, Nifty End Volatile Session Marginally Higher
Edited by Peter Noronha (with inputs from agencies) | Monday September 07, 2020Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a coronavirus-induced recession. -
Gold Price Today: Domestic Gold Futures Edge Higher, Silver Reclaims Rs 67,250
Edited by Sandeep Singh (with inputs from agencies) | Monday September 07, 2020Multi Commodity Exchange (MCX) gold futures - due for a delivery on October 5 - closed 0.24 per cent (Rs 122) higher at Rs 50,800, having risen to as high as Rs 50,873 during the session. -
Gold Price Today: Domestic Gold Futures Climb To Rs 50,850 As Shares Drop
Edited by Sandeep Singh (with inputs from agencies) | Monday September 07, 2020Gold Price In India Today: At 1:24 pm, the MCX gold futures contract quoted at Rs 50,835, up 0.31 per cent - or Rs 157 - from its previous close of Rs 50,678. -
Gold Rate Steadies As Firmer Dollar Counters Safe-Haven Demand
Reuters | Monday September 07, 2020The dollar index rose 0.2 per cent against its rivals, making gold expensive for holders of other currencies. -
Vodafone Idea Up Over 4% On Big Re-Branding Announcement
Edited by Peter Noronha | Monday September 07, 2020The name Vi, read as 'we' reflects the collective nature of Indian society. It is not just about me, it's especially about "we", Vodafone Idea said in a press release. -
Vodafone Idea To Rebrand As Vi 3 Years After India's Biggest Telecom Merger
Reuters | Monday September 07, 2020, New DelhiVodafone Idea looks to change its image three years after it announced the biggest merger in India's telecoms market. -
Vodafone, Idea Brands Now "Vi": CEO Ravinder Takkar
Edited by Peter Noronha | Monday September 07, 2020Vodafone Idea Rebranded As Vi: The rebranding initiative by the company comes amid intense competition in the country's highly-indebted telecom sector. -
Rupee Gives Up Early Gains, Ends Marginally Lower At 73.34 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Monday September 07, 2020Rupee Vs Dollar Rate Today: The rupee closed 0.27 per cent lower at 73.34 against the US currency, compared to its previous close of 73.14.
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