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SBI Lowers 2020-21 GDP Forecast To 10.9% From 6.8%
Edited by Sandeep Singh | Thursday September 03, 2020SBI expects the real GDP to decline in the range of 12-15 per cent in the second quarter (July-September), and 5-10 per cent in the following quarter (October-December), according to the report. -
Rupee Weakens By 30 Paise Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Thursday September 03, 2020Rupee Vs Dollar Today: The rupee moved within a narrow range, between 73.21 and 73.39 against the US dollar in the first half of the four-hour session. -
Short Payment Time Frame For AGR Dues May Weaken Telecom Industry: Report
Asian News International | Thursday September 03, 2020, New DelhiThe Supreme Court on Tuesday allowed a 10-year payment term as against 20 years proposed by the government, with 10 per cent upfront payment for repayment amounting to about Rs 90,000 crore. -
Aviation Shares Soar As Domestic Flight Operations Raised To 60%
Edited by Peter Noronha | Thursday September 03, 2020The Centre started the flight operations in a calibrated manner, beginning with 30 per cent on May 25 and progressively increasing it to 60 per cent as of date -
Sensex Falls Over 250 Points From Day's High As Markets Give Up Early Gains
Edited by Sandeep Singh (with inputs from agencies) | Thursday September 03, 2020ICICI Bank, Hindalco, Mahindra & Mahindra, Britannia and NTPC were the top losers in the 50-scrip Nifty basket. -
Sensex Rises 150 Points Amid Gains Across Sectors
Edited by Sandeep Singh (with inputs from agencies) | Thursday September 03, 2020Shares elsewhere in Asia began the day on a strong note as a sustained recovery in China's services sector and the prospect of additional US stimulus whetted risk appetite. -
Sovereign Gold Bond Subscription Window Closes Soon. Should You Buy?
Written by Sandeep Singh | Thursday September 03, 2020Sovereign Gold Bond Scheme 2020-21: Subscribers can even earn an interest on their investment in gold bonds; this is on top of the gold-linked return. -
Diesel Prices Cut By 15-16 Paise Across Metros, Petrol Remains Unchanged
Edited by Peter Noronha | Thursday September 03, 2020Petrol Diesel Price today: In Delhi, the price of diesel was lowered to Rs 73.40 per litre from Rs 73.56 per litre, while petrol was constant at Rs 82.08,according to Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Positive Opening
Edited by Peter Noronha (with inputs from agencies) | Thursday September 03, 2020The domestic stock markets are likely to open in the green, following strong closing on Wall Street overnight, firm Asian markets and positive indications from early SGX Nifty trading. -
Adani Takes Control Of Mumbai Airport, No Mention Of COVID-19 Impact
Reuters | Wednesday September 02, 2020Credit rating agency Fitch in a note last month forecast consolidation in the Indian aviation sector and warned of a slow rebound in demand -
How To Give Your Car Or Bike Added Protection During Monsoon
Advertorial | Wednesday September 02, 2020It is wise to give your vehicle some added protection during the rainy reason. -
Sensex Closes 185 Points Higher As Markets Extend Gains To Second Straight Day
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 02, 2020Losses in banking and financial services stocks offset gains in IT, metal and energy shares. -
Rupee Weakens To End At 73.03 Against Dollar Tracking Asian Currencies
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 02, 2020Domestic stock markets gave up early gains amid volatile trade on Wednesday, weighed down by banking stocks. -
Sensex Jumps Over 200 Points Amid Volatile Trade
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 02, 2020Official data on Monday showed the country's gross domestic product shrank 23.9 per cent in the June quarter in its worst contraction on record. -
Banks Free To Restructure Loans, But Can't Penalise Borrowers, Supreme Court Told
Edited by Abhishek Vasudev (With inputs from PTI) | Wednesday September 02, 2020Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the RBI in June to ease the burden on existing borrowers in wake of coronavirus pandemic-related restrictions. The Centre argued that waiving off loans will weaken the banking sector. Lawyers arguing in favour of a waiver of interest on interest on deferred loans told the court that "public at large is going through hell of a time". If the Insolvency and Bankruptcy Code (IBC) could be suspended to give relief to the industry, what about the borrowers, the lawyers argued.
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