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Government Approves Dixon Tech For Smartphone Incentive Plan, Shares Jump
Edited by Abhishek Vasudev | Wednesday October 07, 2020Dixon Technologies' arm, Padget Electronics, was approved as a mobile manufacturing partner under the government's Production Linked Incentive scheme for Large Scale Electronics Manufacturing. -
Rupee Edges Lower To 73.56 Against Dollar Tracking Asian Currencies
Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 07, 2020The Reserve Bank of India's Monetary Policy Committee began a three-day review meeting on Wednesday. -
Market LIVE: Sensex Rises Over 200 Points As Markets Rebound; TCS Shares In Focus
Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 07, 2020Asian airline stocks fell after US President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds. -
Billionaire Wealth Reaches New High During COVID-19 Pandemic: UBS
Reuters | Wednesday October 07, 2020, ZurichThe report, covering over 2,000 billionaires representing some 98 per cent of the cohort's total wealth, found billionaire wealth grew by more than a quarter during the early months of the pandemic. -
Sensex Falls Over 50 Points, Nifty Below 11,650 Amid Choppy Trade; TCS Shares In Focus
Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 07, 2020Asian airline stocks fell after US President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds. -
Sensex, Nifty Likely To Open Higher Today
Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 07, 2020Asian airline stocks fell after US President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds. -
Petrol, Diesel Rates Remain Unchanged In Metros
Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 07, 2020Petrol, Diesel Rates In India: In Delhi, the price of petrol was at Rs 81.06 per litre and diesel at Rs 70.63 per litre on October 7 - the same levels as the previous day -
Government Approves 16 Companies, Including Top Apple Suppliers, For $6.65-Billion Smartphone Plan
Reuters | Wednesday October 07, 2020, New DelhiThe $6.65-billion incentive scheme is part of the government's aim to make the country into an export and manufacturing hub. -
Gold Price Today: Domestic Gold Futures Inch Higher To Rs 50,895 As Dollar Eases
Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 07, 2020Gold Price In India Today: Gold has risen 26% this year supported by massive government and central bank stimulus worldwide. -
Abu Dhabi Investment Authority Invests Rs 5,512.50 Crore In Reliance Retail
Edited by Abhishek Vasudev | Tuesday October 06, 2020Billionaire Mukesh Ambani-promoted Reliance Industries said on Tuesday that its retail arm, Reliance Retail Ventures, will sell a 1.2 per cent stake to Abu Dhabi Investment Authority (ADIA) for Rs 5,512.50 crore. The deal gives Reliance Retail Ventures a pre-money equity value of Rs 4.29 lakh crore, the conglomerate said in a press release. The transaction, latest in a series of investments in Reliance Retail from global investors, is likely to bolster Reliance Industries' retail presence in the domestic market. -
Sensex Surges 600 Points, Nifty Settles Above 11,650 Led By Banks
Edited by Abhishek Vasudev | Tuesday October 06, 2020Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Financial Services index's over 3 per cent gain. -
Sensex, Nifty Soar To 7-Month Highs As Markets Extend Gains To Fourth Day In A Row
Written by Sandeep Singh | Tuesday October 06, 2020A strong buying interest in banking and financial services shares pushed the markets higher. -
Sensex Surges Over 550 Points, Nifty Reclaims 11,650 Led By Banks
Edited by Abhishek Vasudev | Tuesday October 06, 2020Gains in heavyweights such as HDFC, HDFC Bank, Bajaj Finance, ICICI Bank and Kotak Mahindra Bank pushed the markets higher. -
RBI's 3-Day Policy Review Begins Wednesday As Centre Names Panel Members
Edited by Sandeep Singh | Tuesday October 06, 2020The Reserve Bank of India on Tuesday announced that its Monetary Policy Committee will conduct its bi-monthly review meeting from October 7 to October 9. The development came a day after the government named three new nominees on the Monetary Policy Committee to replace appointees whose terms ended in September. The RBI is widely expected to maintain a status quo on key policy rates in its upcoming statement, due at the end of the three-day meeting. -
India's Services Sector Slump Eases In September, But Job Losses Rise: Survey
Reuters | Tuesday October 06, 2020, BengaluruStill, September was the seventh straight month that activity had contracted, the longest such stretch since a 10-month run to early 2014.
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