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IMF Data Shows Virus Will Push China GDP Growth Far Beyond US
Alex Tanzi and Wei Lu, Bloomberg | Friday October 16, 2020The fund now forecasts world gross domestic product to shrink 4.4 per cent this year, an improvement from the 4.9 per cent drop seen in June, according to the latest World Economic Outlook released this week. -
Passenger Vehicle Sales Rise 17% In July-September: Industry Body SIAM
Edited by Abhishek Vasudev | Friday October 16, 2020Passenger vehicle sales rose 17 per cent in the second quarter of current financial year compared to same quarter last year. -
HCL Tech Profit Rises 7% To Rs 3,143 Crore In September Quarter
Edited by Sandeep Singh | Friday October 16, 2020The company's board approved a dividend of Rs 4 per share. -
Market Latest Updates: Sensex Jumps Over 350 Points, Nifty Above 11,750 Amid Broad-Based Gains
Edited by Sandeep Singh (with inputs from agencies) | Friday October 16, 2020Share Market Latest Updates: On Thursday, the Sensex had ended 1,066.33 points (2.61 per cent) lower at 39,728.41, and the Nifty 290.70 points at 11,680.35, halting their longest gaining streak in nearly six years dragged by a selloff in IT and financial stocks. -
Gold Price Today: Domestic Gold Futures Ease On Rising Dollar, But Hold Rs 50,400 Mark
Edited by Sandeep Singh (with inputs from agencies) | Friday October 16, 2020Gold Price In India Today: MCX gold futures declined by Rs 138 to Rs 50,404 and silver futures by Rs 1,429 to Rs 60,174. -
Centre To Borrow On Behalf Of States To Meet GST Shortfall
Press Trust of India | Thursday October 15, 2020The Centre borrowing on behalf of states is likely to ensure that a single rate of borrowing is charged and this would also be easy to administer. -
India's Exports Rise 6% To $27.58 Billion In September
Press Trust of India | Thursday October 15, 2020The country's imports declined 19.6 per cent to $30.31 billion in September. It was $37.69 billion in the same month last year. -
Rupee Weakens To Close At 73.38 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Thursday October 15, 2020Rupee Vs Dollar: Analysts say the rupee is likely to remain under pressure in the absence of domestic cues. -
European Markets Fall 2% On COVID-19 Curbs, Brexit Impasse
Reuters | Thursday October 15, 2020, LondonAnalysts said the rise in coronavirus infections across Europe and no sign of a vaccine anytime soon after two high-profile prospects experienced problems was hitting sentiment. -
Sensex Drops Over 1,000 Points, Breaks 10-Day Winning Streak
Written by Abhishek Vasudev | Thursday October 15, 2020Selling pressure was visible across sectors as all the 11 sector gauges compiled by the National Stock Exchange ended lower. -
Sensex Sinks 1,066 Points, Worst Day In 3 Weeks Amid Global Selloff
Edited by Sandeep Singh (with inputs from agencies) | Thursday October 15, 2020Domestic stock markets suffered their worst day in three weeks on Thursday with benchmark indices snapping their longest gaining streak in nearly six years, as a record number of new COVID-19 infections in parts of Europe spooked investors across the globe. The Sensex index dropped 1,097.98 points - or 2.69 per cent - to 39,696.76 at the weakest level during the session, and the broader Nifty benchmark dropped to as low as 11,666.30, down 304.75 points - or 2.55 per cent - from its previous close. The rise in coronavirus infections across Europe and no sign of a vaccine anytime soon hit global market sentiment, according to analysts. -
Sensex, Nifty On Track To Break 10-Day Winning Streak
Written by Abhishek Vasudev | Thursday October 15, 2020Nine of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty IT index's 3 per cent decline. -
Sensex, Nifty Likely To Open Flat Today After Markets Rally For 10 Days
Edited by Sandeep Singh (with inputs from agencies) | Thursday October 15, 2020Infosys shares will be in focus today, a day after the country's second largest IT company raised its annual revenue growth forecast. -
Government Allows UAE's ADNOC To Export Oil From Strategic Reserve
Reuters | Wednesday October 14, 2020Allowing ADNOC to export its oil mirrors a model adopted by countries such as Japan and South Korea which allow oil producers to re-export crude storage. -
Infosys To Roll Out Salary Hikes, Raises Revenue Forecast
Reuters | Wednesday October 14, 2020Consolidated net profit for Infosys in the September quarter climbed 26.6 per cent to Rs 4,845 crore.
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