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Power Output Falls For Sixth Straight Month In August
Reuters | Tuesday September 01, 2020Power use during the second half of August in states such as Maharashtra and Gujarat declined by about 15 per cent each -
Sensex Surges Nearly 600 Points; Bharti Airtel Gains 8% After AGR Ruling
Edited by Abhishek Vasudev | Tuesday September 01, 2020The overall market breadth was negative as 1,540 shares were declining while 953 were advancing on the BSE. -
Vodafone Idea Crashes 20%, Airtel, RCom Stocks Edge Higher On AGR Verdict
Edited by Abhik Deb | Tuesday September 01, 2020Vodafone Idea Limited which owes more than Rs 50,000 crore in AGR-related dues had sought 15 years to pay its part -
Top Court Gives Telecom Firms 10 Years To Pay Dues, Contempt If Default
Edited by Peter Noronha (with inputs from agencies) | Tuesday September 01, 2020The Supreme Court on Tuesday gave telecom companies 10 years to clear huge dues owed to the government, called adjusted gross revenue (AGR), amounting to about Rs 1.6 lakh crore, in staggered payments. A three-judge bench of the top court said telecom companies must pay 10 per cent of the dues by March 31 next year. The Supreme Court rejected a 20-year payment timeline proposed by the central government and supported by telecom companies, which are reeling under piles of debt amid intense competition. -
Loan Moratorium Can Be Extended For 2 Years: Centre To Supreme Court
Reported by A Vaidyanathan, Edited by Abhishek Vasudev | Tuesday September 01, 2020The central government on Tuesday informed Supreme Court that loan moratorium period can be extended by two years as per the RBI's circular. -
Construction Industry Halves, Manufacturing Shrinks 39% As GDP Takes Record Blow
Edited by Sandeep Singh | Tuesday September 01, 2020The country's GVA or gross value added at constant price declined 22.8 per cent in the first quarter of current financial year, as against a 3 per cent rise in the January-March period. -
Factory Activity Picks Up For First Time In 5 Months: Survey
Reuters | Tuesday September 01, 2020Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 52.0 in August from 46.0 in July. -
Bond Yields Plunge, Rupee Soars On RBI Stability Measures
Reuters | Tuesday September 01, 2020The benchmark 10-year bond yield dropped as much 20 basis points (bps) in opening trade and was down 16 basis points (bps) at 5.96% at 10:42 am. -
L&T Completes Sale Of Electrical And Automation Business To Schneider Electric
Edited by Peter Noronha | Tuesday September 01, 2020Meanwhile, the Defence Ministry signed contract with L&T, Bharat Earth Movers and Tata Power Company, on Monday to supply six Pinaka regiments to Indian Army by 2024. -
Maruti Suzuki Domestic Sales Rose Nearly 22% In August
Edited by Peter Noronha | Tuesday September 01, 2020Maruti Suzuki on Tuesday reported domestic sales of 115,325 units in August 2020, marking agrowth of 21.7 per cent compared to corresponding month last year. -
LPG Price: Non-Subsidised Cooking Gas Rates Nearly Unchanged In Metros
Edited by Sandeep Singh (with inputs from agencies) | Tuesday September 01, 2020Currently, the government subsidises 12 LPG cylinders of 14.2 kilograms each per household every year. The consumer has to make any additional purchases of LPG cylinders at the market price. -
Sensex, Nifty Flat Amid Volatile Trade
Edited by Sandeep Singh (with inputs from agencies) | Tuesday September 01, 2020At 10:01 am, the Sensex traded 36.12 points - or 0.09 per cent - higher at 38,664.41 while the Nifty was down 11.95 points - or 0.10 per cent - at 11,375.55. -
Sensex Jumps Over 400 Points, Nifty Touches 11,500 Amid Gains Across Sectors
Edited by Sandeep Singh (with inputs from agencies) | Tuesday September 01, 2020Consumer spending, private investments and exports all collapsed during the world's strictest lockdown imposed in late March to combat the COVID-19 pandemic. -
Jobs App For Poor Workers Used By Amazon, BigBasket Raises $8 Million
Saritha Rai, Bloomberg | Tuesday September 01, 2020The app helps first-time internet users access job opportunities by entering their name, age, and skills to generate a virtual "business card" that's shared with potential employers. -
What GDP At -24%, Worst Among Major Economies, Means For India
Vrishti Beniwal and Anirban Nag, Bloomberg | Tuesday September 01, 2020Gross domestic product shrank 23.9 per cent in the three months to June from a year earlier, the Statistics Ministry said in a report Monday.
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