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PMC Bank, Hit By Fraud, Seeks Merger With Other Banks: Report
Reuters | Wednesday September 16, 2020HDIL and its associates owe Rs 6,981 crore to PMC, but at Rs 1,160 crore, the realisable value of its securities was "grossly insufficient". -
Flipkart Eyes Overseas IPO As Early As 2021: Report
Reuters | Wednesday September 16, 2020, New Delhi/BengaluruFlipkart said it would use the funds, to be received in two tranches this fiscal year, to support the development of its e-commerce marketplace as India emerges from the COVID-19 crisis. -
Flipkart Eyes Overseas Listing As Early As 2021: Report
Reuters | Wednesday September 16, 2020Flipkart is likely to choose between Singapore, or the United States for the initial public offering (IPO). -
Economic Activities Revived With Phased Unlocking Since June: Government
Press Trust of India | Wednesday September 16, 2020Union Minister of State for Home Nityanand Rai said in the Rajya Sabha that the strict lockdown, first announced on March 24, was effective in containing the impact of the coronvirus pandemic. -
Economic Recovery Still Not Well Entrenched: RBI Governor Shaktikanta Das
Press Trust of India | Wednesday September 16, 2020, New DelhiRBI Governor Shaktikanta Das said that the economic recovery was not yet fully entrenched and also that the recovery is likely to be gradual. -
Sensex, Nifty Rise To Nearly 3-Week Highs As Markets Extend Gains
Written by Sandeep Singh | Wednesday September 16, 2020Share Market Updates: Dr Reddy's Laboratories, Mahindra & Mahindra, Hindalco, Bajaj Auto and Britannia, closing between 3.05 per cent to 4.44 per cent higher, were the top percentage gainers in the 50-scrip Nifty index. -
Rupee Ends Volatile Session Higher At 73.52 Against Dollar; All Eyes On US Central Bank
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 16, 2020Domestic equity markets continued to gain for a second straight day, with benchmark indices Sensex and Nifty scaling their highest closing levels since August 28. -
Airline Revenues Drop 86% In April-June Due To COVID-19: Aviation Minister
Press Trust of India | Wednesday September 16, 2020Employee count at the Indian carriers went down from 74,887 on March 31 to 69,589 on July 31. -
Supreme Court Grants Relief To Vedanta, Videocon In Ravva Oil Field Case
Reported by A Vaidyanathan, Edited by Abhishek Vasudev | Wednesday September 16, 2020The top court upheld Delhi High Court's order which refused to interfere with the arbitral award in production sharing contract for Ravva oil fields. -
Economic Recovery Likely To Be Gradual: RBI Governor Shaktikanta Das
Edited by Peter Noronha | Wednesday September 16, 2020RBI Governor Shaktikanta Das said the central bank stands "battle-ready" to take any measures needed to ensure liquidity in the financial system and revive the economy. -
Rupee Volatile Against Dollar Ahead Of US Central Bank Policy Decision
Press Trust of India | Wednesday September 16, 2020, MumbaiThe rupee opened at 73.70 at the interbank forex market, registering a decline of 7 paise over its last close. -
Crude Oil Rate Rises As Hurricane Shuts US Production
Reuters | Wednesday September 16, 2020, TokyoAnalysts had expected oil stocks to increase by 1.3 million barrels. Official data on US stockpiles is due out later on Wednesday and often conflicts with the industry figures. -
Spot Gold Steady Ahead Of US Central Bank Policy Statement
Reuters | Wednesday September 16, 2020The US central bank last month adopted a more accommodative approach to inflation and pledged to keep interest rates low for longer. -
Shaktikanta Das Says RBI To Take More Steps, If Required, To Battle COVID-19: Highlights
Edited by Sandeep Singh | Wednesday September 16, 2020His remarks come days after official data showed retail inflation remains above the RBI's target range of 4-6 per cent for a fifth straight month. -
Sensex Rises Over 100 Points, Nifty Near 11,550 Amid Gains Across Sectors
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 16, 2020Analysts awaited a keynote address by Reserve Bank of India Governor Shaktikanta Das to members of industry body FICCI.
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