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Consumer Demand Picking Up During Festival Season: Nirmala Sitharaman
Reuters | Tuesday October 27, 2020India's factory activity expanded at its fastest pace in over eight years in September, a survey compiled by His Markit showed. -
RBI Asks Lenders To Implement Waiver Of Interest On Interest Scheme By November 5
Press Trust of India | Tuesday October 27, 2020Housing loans, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme. -
Lockdown, WFH Effect: Bharti Airtel Posts Highest-Ever Quarterly Revenue
Edited by Sandeep Singh (with inputs from agencies) | Tuesday October 27, 2020Telecom major Bharti Airtel on Tuesday reported a revenue of Rs 25,785 crore in the July-September period, its highest ever in a quarter, boosted by higher tariffs and a rise in data usage from a coronavirus-fuelled shift to remote working. The jump in revenue for Bharti Airtel comes at a time when the country's telecom sector is grappling with low tariffs due to a price war that ensued after billionaire Mukesh Ambani's Reliance Jio entered the space. -
Sensex Surges 377 Points, Nifty Settles Near 11,900 Led By Kotak Mahindra Bank
Edited by Abhishek Vasudev | Tuesday October 27, 2020Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Private Bank index's over 3 per cent gain. -
France's Total Aims To Expand India Renewable Portfolio
Reuters | Tuesday October 27, 2020, LondonTotal CEO Patrick Pouyanne said that retail fuel demand in Europe was "good" and almost at pre-pandemic levels in the third quarter of the year. -
Future Retail Sees Liquidation If Reliance Industries Deal Fails: Report
Reuters | Tuesday October 27, 2020, New DelhiAmazon alleged Future Retail had breached certain contract provisions it entered into last year in a separate deal with the US firm. -
RBI, Facing A "Trilemma", Chooses To Let Rupee Strengthen
Anirban Nag, Bloomberg | Tuesday October 27, 2020The RBI's challenge differs from most peers as it's also tasked with managing the government's mammoth borrowing and overseeing the nation's bad-debt-ridden banks. -
Wave Of New COVID-19 Cases Crashes Across US, Europe
Reuters | Tuesday October 27, 2020, MILAN/CHICAGOUS stocks had their worst day in four weeks over the double whammy of record coronavirus cases and political deadlock in negotiations to provide more economic aid. -
Angel Broking Soars 20% On Reporting Highest Ever Quarterly Profit
Edited by Peter Noronha | Tuesday October 27, 2020The retail broking house reported profit of Rs 74.47 crore in the September 2020 quarter, a 47.3 per cent rise compared to Rs 48.3 crore in the June quarter. -
Asian Stocks Hit By Rising COVID-19 Cases, US Stimulus Concerns
Reuters | Tuesday October 27, 2020China's CSI300 Index edged down 0.1 per cent, as investors looked out for any news from a meeting of China's Communist Party leaders to set the next five-year plan. -
Southeast Asian Listings Have Mixed Debuts On Outlook Concerns
Reuters | Tuesday October 27, 2020, KUALA LUMPUR/MANILAConverge ICT Solutions Inc, a Philippine fibre broadband provider, fell as much as 11.2 per cent and ended 9.4 per cent lower. -
Spot Gold Price Rises As COVID-19 Cases Jump
Reuters | Tuesday October 27, 2020Supporting gold, the US dollar dipped 0.1 per cent against a basket of currencies. -
Crude Oil Price Steadies, But Outlook Gloomy Amid Rising Coronavirus Cases
Reuters | Tuesday October 27, 2020, TokyoUS oil gained 15 cents, or 0.4 per cent, at $38.71 a barrel. Both contracts fell more than 3 per cent on Monday. -
Sashidhar Jagdishan Assumes Charge As HDFC Bank CEO, Succeeding Aditya Puri
Edited by Peter Noronha | Tuesday October 27, 2020Mr Jagdishan has an overall experience of 29 years; he joined HDFC Bank in 1996 as a manager in the finance function, became business head-finance in 1999 and was appointed chief financial officer in 2008. -
Kotak Mahindra Bank Surges Most In 7 Months After September Quarter Earnings
Edited by Abhishek Vasudev | Tuesday October 27, 2020Kotak Mahindra Bank share price surged as much as 11.38%, its biggest single day gain since March 25, 2020, to hit high of Rs 1,576.85 on the BSE.
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