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Sensex Slumps Over 700 Points, Nifty Tests 11,300 On Weak Global Cues
Edited by Sandeep Singh (with inputs from agencies) | Friday September 04, 2020At 2:27 pm, the Sensex traded 467.56 points - or 1.20 per cent - lower at 38,523.38, while the Nifty was down 132.75 points - or 1.15 per cent - at 11,394.70. -
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. -
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. -
Government-Run Gold Bond Scheme Ends Today. Here's All You Need To Know
Edited by Sandeep Singh | Friday September 04, 2020The sixth and last series of the government's gold bond programme - called Sovereign Gold Bond - ends for subscription today. That means, today is the last day to purchase Sovereign Gold Bonds in the current financial year, which ends on March 31, 2021. Sovereign Gold Bonds are issued by the RBI on behalf of government. Each unit is linked to the spot value of one gram of gold. Financial planners say gold bonds are one of the few effective ways to invest in non-physical gold. -
Sensex Drops Over 650 Points As Global Markets Tumble: 10 Things To Know
Edited by Sandeep Singh (with inputs from agencies) | Friday September 04, 2020Domestic stock markets started Friday's session sharply lower amid a selloff across sectors led by financial stocks, tracking broader losses in global markets on fading optimism about a fast recovery from the coronavirus pandemic. The S&P BSE Sensex index plunged as much as 1.77 per cent - or 691.82 points - to 38,299.12 in the first few minutes of trade, having begun the day down 665.94 points at 38,325.00. The broader NSE Nifty 50 benchmark cracked below the 11,350 mark after starting the day at 11,354.40 in a gap-down opening. -
Petrol, Diesel Rates Unchanged On Friday
Edited by Sandeep Singh | Friday September 04, 2020In Delhi, the prices of petrol and diesel remained at Rs 82.08 per litre and Rs 73.40 per litre respectively, according to Indian Oil notifications. -
Amazon, Verizon May Invest Over $4 Billion In Vodafone Idea: Report
Reuters | Thursday September 03, 2020The news comes days after the Supreme Court ruled that mobile carriers must settle government dues within 10 years. -
Loans Under Moratorium Till August 31 Not To Be Declared NPAs: Supreme Court
Reported by A Vaidyanathan, Edited by Abhishek Vasudev | Thursday September 03, 2020Loan accounts of borrowers availing the moratorium will not be declared as non-performing assets - or bad loans - till further order, the Supreme Court said on Thursday. 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 Reserve Bank of India (RBI) to ease the burden on existing borrowers in wake of coronavirus pandemic-related restrictions. "We have to protect the borrowers, and banks should not take coercive action against them," said the Supreme Court bench, headed by Justice Ashok Bhushan. -
Roll Out Loan Resolution Schemes By Mid-September: Nirmala Sitharaman To Banks
ANI | Thursday September 03, 2020, New DelhiFinance Minister Nirmala Sitharaman also said that COVID-19-related distress must not impact their assessment of borrowers' creditworthiness. -
Diesel Price Cut For First Time In Nearly 6 Months
Edited by Sandeep Singh (with inputs from agencies) | Thursday September 03, 2020In Delhi, the diesel rate was reduced by 16 paise per litre with effect from 6 am on Thursday. -
Sensex, Nifty End Flat; Banking Shares Fall, IT Stocks Gain
Edited by Abhishek Vasudev | Thursday September 03, 2020Twelve of 19 sector gauges compiled by the BSE ended higher led by the S&P BSE Consumer Durables index's 3.5 per cent gain. -
Rupee Closes At 73.47 Against Dollar, Extends Losses To Second Day
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. -
Vodafone Idea Surges On Report Amazon, Verizon Resume Investment Talks
Edited by Abhishek Vasudev | Thursday September 03, 2020Vodafone Idea had reported loss of Rs 25,460 crore in quarter ended June 30 from loss of Rs 4,874 crore in same quarter last year. -
Economy Likely To Contract 10.9% In 2020-21, Says SBI Report
Edited by Peter Noronha | Thursday September 03, 2020The real GDP may 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.
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