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Sensex, Nifty Register Weekly Loss Of 2%
Edited by Sandeep Singh (with inputs from agencies) | Saturday September 05, 2020Benchmark indices Sensex and Nifty had rallied more than 50 per cent since a coronavirus-triggered crash in the markets in March -
Cooperation, Competition Among States To Drive Economy Faster Towards $5 Trillion: Piyush Goyal
ANI | Saturday September 05, 2020, New DelhiThe State Business Reform Action Plan 2019 Ranking was released by Union Finance Minister Nirmala Sitharaman via video conference. -
Crisil Reaffirms Ratings On Welspun Corp Bank Facilities
ANI | Saturday September 05, 2020, MumbaiCrisil withdrew its ratings on Welspun Corp's non-convertible debentures of Rs 900 crore of the company. -
Diesel Price Marginally Cut, Petrol Rate Left Unchanged
Edited by Sandeep Singh | Saturday September 05, 2020Petrol, Diesel Price: Currently, Indian Oil, Bharat Petroleum and Hindustan Petroleum review the petrol and diesel rates in various parts of the country on a daily basis. -
Debt-Laden Vodafone Idea To Raise Up To Rs 25,000 Crore
Reuters | Saturday September 05, 2020, BengaluruThe plan to raise fresh capital also comes as the country's third largest telecom operator grapples with an erosion in subscriber base due to a price war triggered by Reliance Industries' telecoms venture, Jio Infocomm. -
Centre Open To Raising Auto Import Duty To Boost Domestic Production: Piyush Goyal
Reuters | Saturday September 05, 2020, New DelhiThe government wants companies to reduce imports, increase domestic production and play a bigger role in the global supply chain in an effort to make the country more self-reliant. -
SoftBank Group Partners With Oyo In Latin America
Reuters | Saturday September 05, 2020, Sao Paulo/New Delhi/BengaluruOyo has been forced to cut costs and rein in its expansionist strategy in global markets by reducing its hotel footprint and laying off employees. -
Hit By Losses, Trade Union Writes To Finance Minister Seeking Moratorium Extension
Edited by Abhishek Vasudev | Friday September 04, 2020Trade association with lakhs of members across India has written to Union Finance Minister Nirmala Sitharaman seeking extension on moratorium for repayment of loans. -
Hotel Chain Oyo Extends Furloughs For Some Indian Employees By Six Months
Reuters | Friday September 04, 2020On Friday, Oyo said recovery in business was taking longer than expected following the coronavirus lockdown -
Spot Gold Rises As Equities Retreat; US Jobs Data In Focus
Reuters | Friday September 04, 2020Lower bond yields reduce the opportunity cost of holding non-interest bearing gold. -
Global Stocks Ease Off Record Highs Ahead Of US Jobs Data
Reuters | Friday September 04, 2020, London/SingaporeForeign exchange markets were on edge at the possibility and a safety bid helped the dollar cling to gains that have it headed for its best week in more than two months. -
Sensex Ends 634 Points Lower On Weak Global Cues
Edited by Abhishek Vasudev | Friday September 04, 2020The S&P BSE Sensex and NSE Nifty 50 indexes ended sharply lower on Friday following a massive selloff on the Wall Street. The Sensex fell as much as 741 points and Nifty 50 index touched an intraday low of 11,303.65. A gauge of global stocks turned lower on Thursday as US markets opened and were weighed down by weakness in the technology sector, while the dollar continued its bounce from more than two-year lows. Back home, Reliance Industries, HDFC Bank, HDFC, ICICI Bank and Infosys were among the biggest drags on the Sensex. -
Sensex, Nifty Continue To Reel Under Losses On Weak Global Cues
Edited by Abhishek Vasudev | Friday September 04, 2020Nine of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Bank index's nearly 2 per cent fall. -
Crude Oil Price Holds Above $44 Per Barrel Mark, Heads For Weekly Drop
Reuters | Friday September 04, 2020, LondonOil has recovered since April, when Brent slumped to a 21-year low below $16 and US crude briefly went into negative territory. -
Indian Companies Raise Record $31 Billion Equity Capital In Shrinking Economy
Reuters | Friday September 04, 2020Banks have been the most active issuers, raising $13.68 billion, followed by the energy and power sector with $7.05 billion.
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