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Sensex Surges Over 600 Points, Nifty Reclaims 11,400 Led By Reliance Industries
Edited by Abhishek Vasudev | Thursday September 10, 2020Sixteen of 19 sector gauges compiled by the BSE ended higher led by the S&P BSE Energy index's over 6 per cent gain. -
Sensex, Nifty On Track To Break 2-Day Losing Streak; Reliance Industries Hits Record
Edited by Abhishek Vasudev | Thursday September 10, 2020The country's most valued company - Reliance Industries - market capitalization topped Rs 14 lakh crore. -
Happiest Minds IPO Subscribed 151 Times, Retail Portion 71 Times
Edited by Peter Noronha | Thursday September 10, 2020The qualified institutional buyers (QIBs) portion was subscribed 77.43 times, non-institutional investors 351.46 times and retail individual investors 70.94 times, data available on the exchanges revealed. -
Last Chance To Decide On Loan Moratorium Plan: Supreme Court To Centre
Reported by A Vaidyanathan, Edited by Sandeep Singh | Thursday September 10, 2020The Supreme Court today gave the government two more weeks "to come up with something concrete- to help borrowers ease their EMI burden using an optional moratorium on repayment of loans allowed during the coronavirus crisis. "What is going to happen in two weeks?... We are giving time to the centre, but take a concrete decision," a three-judge bench of the top court told the government. This is the last chance for the Centre and the RBI to come up with a plan to address the issues, the Supreme Court said, refusing to adjourn the case any further. The Supreme 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 to ease the financial burden on borrowers in wake of coronavirus pandemic-related restrictions. -
Reliance Shares Hit Record High, Market Value Tops Rs 14 Lakh Crore For First Time
Edited by Sandeep Singh | Thursday September 10, 2020Currently, Reliance Industries is the only Indian company to hold a double-digit lakh crore market value in rupee terms. -
India August Inflation Seen Above RBI's Target Range: Poll
Reuters | Thursday September 10, 2020While the government has eased lockdown restrictions to revive the economy, supply distortions remain due to coronavirus cases rising domestically at the fastest pace in the world. -
Sensex Rises Over 300 Points, Nifty Touches 11,350 As Global Markets Rebound
Edited by Sandeep Singh (with inputs from agencies) | Thursday September 10, 2020Domestic stock markets started Thursday's session on a positive note tracking a rebound in global markets, amid hopes of a recovery from the coronavirus pandemic-caused slowdown. The S&P BSE Sensex index opened 322.96 points - or 0.85 per cent - higher at 38,516.88, and the broader NSE Nifty 50 benchmark began the day at 11,363.30, up 85.30 points - or 0.76 per cent - from its previous close. A strong buying interest in banking, financial services and oil & gas stocks supported the markets. -
Petrol, Diesel Prices Cut Across Metros On Thursday
Edited by Peter Noronha | Thursday September 10, 2020In Delhi, the price of petrol was slashed to Rs 81.99 from Rs 82.08 per litre and diesel rates were lowered to Rs 73.05 from Rs 73.16 per litre, according to Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Cautious Start
Edited by Peter Noronha (with inputs from agencies) | Thursday September 10, 2020The domestic stock markets are likely to open flat, despite positive cues from the global markets, due to a rise in India-China border tensions. -
Gold Price Today: Gold Futures Drop But Hold Rs 50,900 Mark As Dollar Continues To Rise
Edited by Sandeep Singh (with inputs from agencies) | Thursday September 10, 2020Gold Price In India Today: MCX gold and silver futures fell to as low as Rs 50,914 and Rs 67,351 during Wednesday's session respectively. -
Banks To Be Catalysts Of Economic Revival, Says Finance Minister
Press Trust of India | Wednesday September 09, 2020The minister further said banks have to introspect on their core business and also focus on welfare -
You'll Get 8.5% Interest On Provident Fund - But In 2 Tranches
Edited by Abhishek Vasudev | Wednesday September 09, 2020In March, the retirement fund body lowered the interest rate to 8.5%. The EPFO had paid interest rate of 8.65% in financial year 2018-19. -
Sensex, Nifty Decline For Second Straight Day Dragged By Banks
Edited by Abhishek Vasudev | Wednesday September 09, 2020Seven of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's 3% fall. -
Rupee Edges Higher To 73.55 Against Dollar, Breaks 2-Day Losing Streak
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 09, 2020At the current level, the rupee has recovered 4.37 per cent from an all-time low of 76.91 registered in April. -
World's Top 10 Airline Stocks Are All Chinese, Except One
Bloomberg News | Wednesday September 09, 2020Chinese carriers haven't been immune to the crisis, but they've managed to recover much faster thanks to a vast domestic market.
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