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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. -
Rupee Drops By 26 Paise, Back Above 73 Mark Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 02, 2020Strength in the dollar overseas and a sluggish movement amid volatile trade in the domestic equity markets hurt the rupee, according to analysts. -
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 plea 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 due to the coronavirus pandemic-related restrictions. 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. -
Vodafone Idea Gains Nearly 9% Post Supreme Court AGR Verdict
Edited by Peter Noronha | Wednesday September 02, 2020On Tuesday, the Supreme Court had given telecom companies 10 years to clear their adjusted gross revenue dues, thus ending the uncertainty over dues and re-payment tenure. -
Hero MotoCorp Domestic Sales Rise 7.5% In August
Edited by Peter Noronha | Wednesday September 02, 2020Hero MotoCorp's domestic sales rose to 5,84,456 units in August on the back of robust sales of entry-level motorcycles in rural and semi-urban markets. -
Sensex Rises Over 50 Points, Nifty Near 11,500 Amid Choppy Trade
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 02, 2020Official data this week showed the country's gross domestic product contracted 23.9 per cent in the June quarter, its worst contraction on record. -
Assam Economy To Be Revived By December Quarter: Himanta Biswa Sarma
Written by Ratnadip Choudhury | Wednesday September 02, 2020Sarma further added that the state government will come out with a special compensation package to assist those affected by the COVID-19 induced lockdown by the end of this year. -
Petrol, Diesel Prices Unchanged On Wednesday
Edited by Peter Noronha | Wednesday September 02, 2020Petrol, Diesel Price: In Delhi, the price of petrol was constant atRs 82.08 anddiesel was untouched at Rs 73.56 per litre, according to Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Subdued Opening
Edited by Peter Noronha | Wednesday September 02, 2020Asian shares were trading mostly higher, encouraged by buoyant U.S. moves that followed stronger-than-expected manufacturing indicators while the dollar emerged from its recent lows against the euro. -
Supreme Court Exempts Jio, Airtel Of Rs 40,000 Crore Dues Owing To Spectrum Sharing
Reported by A Vaidyanathan, Edited by Abhik Deb | Tuesday September 01, 2020The exemption, however, deals specifically with the shared spectrum used by companies and does not include their original dues -
Waiving Interest During Moratorium Unfair To Those Who Repaid Loans: Centre To Supreme Court
Edited by Abhik Deb (with inputs from agencies) | Tuesday September 01, 2020The Centre said that any "post facto" change on payment of interests would be unfair to those who kept paying their EMIs -
August GST Collections Come At Rs 86,449 Crore, 1% Lower Than July
Edited by Abhik Deb | Tuesday September 01, 2020GST collection in July had come at Rs 87,422 crore, while GST for the month of August last year was Rs 98,202 crore -
"Worst Behind Us, Recovery Clearly On": Chief Economic Adviser To NDTV
Edited by Sandeep Singh | Tuesday September 01, 2020Official data on Monday showed the country's gross domestic product (GDP) contracted a record 23.9 per cent in the quarter ended June 30. -
August Diesel Sales Decline 13% From July, Indicates Lower Industrial Output
Reuters | Tuesday September 01, 2020State-refiners sold 4.26 million tonnes of diesel in August, a drop of 13 per centfrom July and a 22.3 per centfall from a year earlier -
In Just A Few Hours, Zoom CEO Became $4 Billion Richer
Sophie Alexander and Nico Grant, Bloomberg | Tuesday September 01, 2020Shares of his virtual-meeting company surged as much as 26 per centto $410 in late UStrading as it reported a jump in quarterly revenue
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